The trade unions at the BOI yesterday said they had decided to continue the protest against BOI Chairman Sanjaya Mohottala, who tendered his resignation last week but who is “trying to come through the back doorâ€.
A BOI statement on Sunday said President Gotabaya Rajapaksa had refused to accept the resignation of Mohottala and three other BOI board directors. A letter sent to Mohottala by President’s Secretary Dr. P.B. Jayasundara, on behalf of the President, had notified him to continue as BOI Chairman and it read “…as he (President) has highest confidence in your ability to contribute effectively to promote foreign investments to the best interest of the country and help the post-COVID economic transformationâ€.
A battle had been brewing between the BOI leadership and unions since the leadership recruited private sector talent at higher salaries, which the unions claimed was done through violating due procedures, though the move was backed by the Cabinet of Ministers.
Sri Lanka’s Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando…
Oil prices fell to negative territory after rising by a dollar in post-settlement trade on…
President Anura Kumara Dissanayake has appointed a high-level committee to analyze the potential economic impact…
The Tamil Nadu Assembly on Wednesday passed a resolution urging the Indian government to retrieve…
Three suspects, including two women, were arrested by the Criminal Investigation Department (CID) for defrauding…
United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing…
