Economics

Economist Criticizes Poverty-Level Wages in Sri Lanka’s Private Sector and Calls for Urgent Reforms

Top economist Dr. Anila Dias Bandaranaike has raised concerns over the viability of the low wages offered by Sri Lanka’s private sector, revealing that entry-level salaries for degree holders range from Rs.30,000 to Rs.40,000—barely enough to meet the minimum income required to stay above the poverty line. Speaking at a panel discussion hosted by the

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Entrepreneurship

BOC Launches Support Initiative for Young Entrepreneurs to Address Brain Drain

The Bank of Ceylon (BOC) has unveiled a groundbreaking initiative aimed at supporting young entrepreneurs in Sri Lanka. The new program, designed to counteract brain drain and foster local talent, includes collaborations with organizations such as IDB, SED, NAITA, and EDB, as well as other governmental entities. Moving beyond traditional banking services, BOC’s ‘beyond banking’

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