Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka state sector employees to get 25 percent more bonus this year
Fri, Dec 13, 2013, 12:05 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 13, Colombo: Sri Lanka's Cabinet has given approval to increase the year-end bonus paid to the state sector employees by 25 percent this year.

Employees of state institutions, corporations and government owned companies will get 25 percent more than the last year's bonus.

Accordingly, employees of public corporations and fully state-owned companies that have registered profits in the relevant financial year will be given Rs. 12,500 as a bonus, if they receive no other incentives. Last year they were given Rs. 10,000.

Also, for those who receive such incentives, payments will average between Rs. 9,375 and Rs. 9,500 depending on the attendance and performance. They were paid Rs. 7,500 as bonus last year.

Employees of the institutions that have minimized the loss compared to the loss occurred last year are entitled for an allowance of Rs. 2,500 while for the employees of state owned corporations and companies that made losses will be paid a flat amount of Rs 1,000, as is done now.

The measure proposed to the Cabinet by the President in his capacity as Finance Minister is aimed at increasing the productivity of the state institutions.

In addition to the bonus increase the employees will also receive a cost of living allowance of Rs. 1,200 allocated in the 2014 Budget .

** Related Story :: Sri Lankan government to grant state employees a year-end bonus

ColomboPage - Recent 10 Stories
Sri Lanka to raise import taxes on cars and mobile phones - report
-- [23 minutes ago]
Sri Lanka Army to open third wellness resort for handicapped soldiers in Kurunegala
Prime Minister to table a bill in parliament on the conduct of Sri Lanka's Buddhist monks
Sri Lanka's Speaker asked to hold formal inquiry into the attack on main opposition MPs
High-powered Pakistan defense delegation to visit Sri Lanka
Sri Lanka seeks assistance from diplomatic community to nab overseas LTTE leaders
No room for any injustice to any community in Sri Lanka, President assures
Presidential Commission probing disappearances in Sri Lanka receives complaints on ruling party Tamil politicians
Sri Lankan government considers a limit on duration of visa for foreign journalists
CEO of extremist Buddhist organization in Sri Lanka writes to President over threats to his life

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.