Britain has voted to leave the European Union, with the Leave campaign securing around 51.8 per cent of the vote.
The UK has been a member of the European Union (and its precursors) since 1973, and the British government now faces the gargantuan task of unraveling decades of legislation, treaties and deals between the UK and the EU, the single biggest market in the world.
The EU referendum vote itself is not a legal notification. The formal announcement to the EU is expected to happen at a meeting of the European Council (the EU’s heads of government) on Monday, June 27.
Once that happens, it will trigger Article 50 of the 1973 Treaty of Rome, which gives both sides two years to reach an agreement.
However, because the UK is so intricately entwined with the EU, Read More »
Sacred Area Developments – 100mn – Construction of 100 temples. Renovation of 33 temples.
Vidyalankara International Buddhist Center-Kelaniya – 300mn – Completion of the conference hall.
Redevelopment of under devloped Dhamma Schools – 100mn – Plan to develop 500 Dhamma schools in 2016. Allocated Rs. 200,000 for each Dhamma school.
Renovation of Places of Worship damaged due to the earthquake in Nepal – 50mn – Renovation of the Ananda Kuti Buddhist temple & Hindu Kovil in Machchindranath (2015 – 2017).
Rehabilitation of Under-developed Buddhist Temples – 90mn – Rehabilitation of 600 temples.
All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate pension is essential to ensure income security for elderly, without being dependent,” Nisha Arunatilake of Institute of Policy Studies of Sri Lanka said. She was speaking at the National Pensioners Day Symposium themed “Towards a National Pension Framework.”
Highlighting the problems within the pension system she said 87 percent of the population between the ages of 15 and 59 are not covered by a pension scheme, and only 30 percent of the population above the age of 60 get a meaningful pension. The system in the island should be Read More »
Sri Lanka’s Budget proposals for the next year presented in parliament by the Minister of Finance Ravi Karunanayake has proposed several concessions to the public and industries.
“The progressive tax rates applicable to individuals will be removed by increasing the tax free allowance to Rs 2.4 million per year (Rs 200,000/- per month) and any balance will be liable at the standard rate of 15% (flat rate)”
Sri Lanka has been ranked 65 broadband average connection speed, according to a recently released report – Akamai – ‘State of Internet’ 2Q (SOTI). Sri Lanka has outperformed Malaysia, China, India.
Despite progress, Malaysia lags behind Sri Lanka and Thailand in average internet speeds over the second quarter this year, as Asian countries set global benchmarks in the 2015 State of the Internet (SOTI) second quarter report. The report, released by the content delivery network services firm Akamai Technologies Inc, said Sri Lanka registered a 50 percent year-on-year improvement to increase its average speed to 5.3 MbpsRead More »