In 1989, the UK government cancelled all of the previous water authorities' long-term debt and gave money as a green dowry to the newly formed companies to facilitate privatisation...
While companies may offer pay increases, as seen with Boeing's offer of a 25% wage hike and a USD 3,000 signing bonus, workers are increasingly rejecting these deals...
Sri Lanka's economy is expected to grow 3% in 2024, reversing 2023's contraction, while inflation, which peaked at 70% in September 2022, moderated to 0.5% in August this year...