Anto Marcus, Secretary General of the Free Trade Zones and General Services Employees Union, confirmed that the company failed to consult workers as mandated by their collective agreement.
This slump is largely attributed to domestic unrest, contractionary monetary and fiscal policies, and a broader climate of uncertainty that has discouraged both foreign and domestic investment.
Sri Lanka’s history of economic instability, marked by multiple currency collapses and inflation crises, has been exacerbated by excessive monetary stimulus and fiscal mismanagement.
A 2017 study by the Bangladesh Occupational Safety, Health, and Environment Foundation found that over one-third of shipbreaking workers surveyed had developed preventable health complications due to asbestos exposure.
A central concern of the report is India's underutilized demographic dividend. Despite having a large working-age population, the country's labor force participation rate stands at a mere 56.4 percent, significantly lower than its peers.
The government has committed to ambitious renewable energy targets – 50 per cent power generation from renewables by 2030 and net-zero emissions by 2070. Coal remains indispensable in the short term. Plans to nearly double coal production by 2030 reflect the urgency to meet rising energy demands.
The situation places Sri Lanka’s Left-of-Centre government in a precarious position as it seeks to balance economic imperatives with human rights concerns.
Indian students now form the largest group of international students in Germany, comprising 12.3 per cent of the international student body – a remarkable 49,000 students in the 2023 winter semester alone. This demographic shift underscores Germany’s growing appeal as an education destination, with institutions offering affordable, high-quality education and pathways to employment.
Nearly 5,000 elephants and 1,600 people have been killed in the last 15 years in clashes between elephants and humans in Sri Lanka, home to one of the largest remaining populations of Asian elephants, according to official figures.
Staying close to 1.5°C on the other hand preserves at least some glacier ice in all regions, even Scandinavia, with 20-30 per cent remaining in the four most sensitive regions; and 40-45 per cent in the Himalayas and Caucuses; stressing the growing urgency of the 1.5°C temperature goal and rapid decarbonization to achieve it.
Through the KCC framework, farmers benefit from revolving credit facilities for up to five years. This flexible structure allows them to draw and repay funds as per their seasonal requirements without having to reapply for loans each season.
Nearly 5,000 elephants and 1,600 people have been killed in the last 15 years in clashes between elephants and humans in Sri Lanka, home to one of the largest remaining populations of Asian elephants, according to official figures.
Staying close to 1.5°C on the other hand preserves at least some glacier ice in all regions, even Scandinavia, with 20-30 per cent remaining in the four most sensitive regions; and 40-45 per cent in the Himalayas and Caucuses; stressing the growing urgency of the 1.5°C temperature goal and rapid decarbonization to achieve it.