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No bonus for CEB next year!

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The employees of the Ceylon Electricity Board (CEB) will not be paid bonuses and allowances for unused holidays in 2024, Power and Energy Minister Kanchana Wijesekera said.

Minister Wijesekera said this during a discussion with representatives of 35 trade unions of the CEB held on the 14th.

The minister also discussed the programme of restructuring the CEB with the trade union representatives.

However, trade union representatives pointed out that this discussion was not successful.

The minister said that since the CEB does not have funds, the board has to collect at least 50 cents from the salaries of the employees instead of giving bonuses.

The trade union representatives have said that the lack of money in the CEB was not due to the fault of the employees but due to the action of the authorities.

The minister has said that he will forward the CEB Restructuring Bill to the Cabinet for approval on the 24th.

Meanwhile, the Power Ministry in a statement said that Minister Kanchana Wijesekera discussed the progress of the proposed restructuring programme, the format of the new CEB Act, the time frame for the implementation of the terms related to the restructuring process, the human resource audit and the method of assigning employees and regarding the retirement and employee benefits with the CEB Union representatives.

The minister has also informed them about the assistance provided by development agencies in this process, the establishment of the restructuring bureau of the CEB and the establishment of the proposed new company.

(Source: Aruna)

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Sri Lanka Mirror wishes everyone a happy Sinhala and Tamil New Year!

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The 2024 Sinhala and Tamil New Year dawned at 09.05 pm last night (April 13).

‘Sri Lanka Mirror’ extends heartfelt New Year greetings to all our readers. May this upcoming year be filled with boundless happiness, prosperity, and success for each and everyone of you.

–  Sri Lanka Mirror team

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Derailed train causes delays on coastal line

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A train has derailed at the Kalutara South railway station on Saturday morning (13).

Trains operating on the Coastal Line are thus experiencing delays, Sri Lanka Railways said.

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Kristalina Georgieva to head IMF for a 2nd term

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The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024.

The appointment comes ahead of the start of the fund’s spring meetings in Washington next week.

Georgieva, who has been in the role since the autumn of 2019, was the sole candidate for the position. However, it was only after European leaders signalled that they would endorse her last month that her candidacy was assured.

In a statement, the coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah has said, “Looking ahead, the Board welcomes Ms. Georgieva’s ongoing emphasis on issues of macroeconomic and financial stability, while also ensuring that the Fund continues to adapt and evolve to meet the needs of its entire membership. It recognizes her focus on strengthening the Fund’s support to its members through effective policy advice, capacity development and financing. The Board looks forward to continuing to work closely with the Managing Director.”

“I am deeply grateful for the trust and support of the Fund’s Executive Board, representing our 190 members, and honored to continue to lead the IMF as Managing Director for a second five-year term,” Ms. Georgieva has said.

The Bulgarian national has served as Managing Director since October 1, 2019. The Managing Director is the chief of the IMF’s operating staff and Chair of the Executive Board. The Managing Director is assisted by four Deputy Managing Directors in overseeing the Fund’s operations, which serve its membership through about 3,100 staff.

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