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The last direct presidential elections held in Sri Lanka were in 2019, where SLPP candidate Gotabaya Rajapaksa won the election in a landslide victory, defeating his main opponent Sajith Premadasa. [ 6 ] [ 7 ] Rajapaksa would eventually resign on 14 July 2022 amidst the 2022 Sri Lankan protests . [ 8 ]
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]
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]
Rank Name Financial statistics in millions LKR Industry Revenue Profit Assets Market Cap. 1 Hayleys PLC: 241,276 14,046 279,383 45,600 Conglomerate
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 ...
In contrast to various conditions imposed by the World Bank or IMF, China has attached few conditions to its loans to Sri Lanka, requiring no policy reforms or similar structural adjustments. [20] The use of Chinese labor on the project funded by the loan is the only condition for most Chinese loans to Sri Lanka. [21]
It is one of the main sources of foreign exchange for Sri Lanka and accounts for 2% of GDP, generating roughly $700 million annually to the economy of Sri Lanka. It employs, directly or indirectly over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. Sri Lanka is the world's fourth largest producer of tea.
Historical population of Sri Lanka. This is a demography of the population of Sri Lanka including population density, ethnicity, education level, health of the population, economic status, religious affiliations and other aspects of the population. Sri Lanka is an island in the Indian Ocean, also called Ceylon and many other names. It is about ...