Published 1 month ago

Sri Lanka cabinet approves 40% hike to minimum wage

Summary by Ground News

Sri Lanka’s economy collapsed in early 2022 after its foreign exchange reserves dwindled to record lows. The average monthly household income of the poorest 20% of the population is 17,572 rupees. 90% of overall households had increased their expenditure due to the crisis.

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The Straits Times

Sri Lanka cabinet approves 40% hike to minimum wage

COLOMBO - Sri Lanka's cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Read more at straitstimes.com.

1 month ago·Singapore

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WTVB

Sri Lanka cabinet approves 40% hike to minimum wage

COLOMBO (Reuters) – Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka’s economy collapsed in early 2022 after its foreign exchange reserves dwindled to record lows triggering soaring inflation, currency depreciation and a default on its f…

1 month ago

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