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A+(lka) Fitch Rated People's Leasing & Finance PLC is a wholly owned subsidiary of the People's Bank.(which holds >75%) It is a leading finance and leasing company in Sri Lanka. [13] People's Leasing company started in 1996. It is the highest rated non-bank financial company in Sri Lanka. [14] Bank launches loan program to local industries.
The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
The Voice Sri Lanka is a singing reality talent program for people over 18 in Sri Lanka. This version is a major version of international franchise. The first season aired in November 2020 on Sirasa TV and second season aired in October 2022. It has produced two winners: Harith Wijeratne and Rameesh Sashinka (Ramiya).
University Grants Commission is the body responsible for funding most of the State Universities in Sri Lanka, and operates within the frame work of the Universities Act No. 16 of 1978. A public organisation, established under the Parliament Act No 16 of 1978.
They apply Sri Lankan Law which is an amalgam of English common law, Roman-Dutch civil law and Customary Law; and are established under the Judicature Act No 02 of 1978 of the Parliament of Sri Lanka. [1] The judiciary consist of the Supreme Court, the Court of Appeal, the High Court, district court (Sri Lanka)s, magistrate's court (Sri Lanka)s ...
The Hambantota International Port [a] is a deep water port in Hambantota, Sri Lanka, notable for its 99-year lease to China Merchant Ports. Opened in 2010, it is Sri Lanka's second largest port, after Colombo. In 2020, the port handled 1.8 million tonnes of cargo. [3] Construction of the port commenced in January 2008.
In 1972, the new Republican Constitution declared Sri Lanka a republic, and Sri Lanka was no longer a constitutional monarchy. The governor-general was replaced by the office of President of Sri Lanka. The president was a mostly ceremonial head of state, with real power vested in the prime minister. [3]