Europe Solidaire Sans Frontières
Since the end of the war, Sri Lanka’s economy is being transformed through a rapid process of financialisation. Such widespread financialisation facilitated infrastructure development, a real estate boom linked to urbanisation and expansion of credit leading to increasing indebtedness of the (...)
The Asia-Pacific region has been termed the ‘clothing factory of the world’ as it accounts for 60 percent of the world’s total apparel exports according to statistics compiled by the International Labour Organisation (ILO). The garment sector in Sri Lanka is an important source of income and (...)
The Free Trade Zones and General Services Employees Union (FTZGSEU) has alleged that the negligence of the employers and the inaction of the Department of Labour has led to the large number of workers in the apparel sector contracting the Covid-19 virus during the current third wave.
“After the (...)
The exponential growth of the microfinance industry in Sri Lanka does not correspond with its contribution to reducing poverty. Instead, it has escalated indebtedness among women, pushed them below subsistence and made victims of both personal and structural violence. The Satyagraha which (...)
Key Demands to address the COVID-19 crisis in the Free Trade Zones
To the GoSL & Factory Owners/Employers; Prioritize ALL workers in the FTZ and apparel supply chain for COVID-19 vaccination, both in the western province and the rest of the country. This should include both regular (...)
The pandemic impacted salaries in dualistic ways last year, with real wages of formal private sector workers showing a reduction of 4.2% but in contrast nominal wages of public sector workers increased 9.2% and real wages 2.9% in 2020, the Central Bank said.
The Central Bank Annual Report (...)
Won’t allow country to become Chinese colony, says monk
Filing about a dozen petitions at Sri Lanka’s Supreme Court on Thursday, opposition parties, civil society groups, and labour unions challenged a recently-gazetted Bill on the Chinese-backed Port City in capital Colombo, arguing it (...)
The government is doing nothing to help the poor caught in a micro-credit trap, moderator of the Movement for Land and Agricultural Reform (MONLAR), Chinthaka Rajapakshe says.
Rajapakshe said that only the Parliamentary Committee on Gender Equality and some MPs, from both the government and (...)
“We work all day and night and still we do not earn the minimum wage. The moment COVID-19 started spreading, we became outcasts. We had no one to turn to. Neither the Government nor our employers helped us through the harsh circumstances because of the stigma that surrounded factory workers. We (...)
Thousands of innocent villagers, especially in the Northern, Eastern, and North Central Provinces are holding protests to raise a collective cry against the longstanding issues related to the microfinance debt trap that had claimed the lives of three women within the first three months of this (...)
Irrespective of the fairy anecdotes on the gospel sovereignty of microcredit programmes of denting poverty, there are growing doubts on sustaining their core – enhancing financial inclusion for the poor to find a way out from financial poverty.
From its authentic core to empower rural (...)
At the moment of writing this article, the farmer women who had formed an organisation called the Collective of Micro-Credit Victimised Rural Farmer Women have been engaged in a ‘satyagraha’ in Hingurakgoda against the micro credit institutions that have entrapped the village poor and the (...)
With the commencement of worldwide vaccination programmes, there is hope that the adverse effects of the Covid-19 pandemic would soon become more manageable and less aggressive, even though the health organisations around the world have said that a complete return to normalcy would not be (...)
Since the late 1970s and the establishment of the Grameen Bank, by Muhammed Yunus in Bangladesh, the idea of providing credit facilities to the poor who find it difficult to access conventional credit facilities have been touted as a way of lifting people out of poverty. The idea was to provide (...)
Compensation not paid to the laid off
Despite their immense contribution to the national economy and the second wave of the Covid-19 outbreak in Sri Lanka originating from apparel factories, the workers employed in these factories in the apparel industry are yet to receive the Covid-19 (...)
For years, one issue has been weighing 65-year-old P. M. Jayaratne down. Jayarathne, a farmer from Hingurakgoda, Polonnaruwa, has fallen ill and frequently goes to the hospital in his area for medical checkups.
He is in debt after he took a loan of Rs. 165,000 from a microfinance intuition in (...)
The Sri Lankan economy revealed a principal contradiction during the last two weeks. The Colombo Stock Market was becoming one of the best performing stock markets in the world. In parallel, the real Sri Lankan economy is collapsing. A suicide of a young woman of 24 years age, *Kumari, trapped (...)
The Sri Lankan economy revealed a principal contradiction during the last two weeks. The Colombo Stock Market was becoming one of the best-performing stock markets in the world. In parallel, the real Sri Lankan economy is collapsing. A suicide of a young woman of 24 years of age, Kumari (name (...)
A lower unemployment rate is important to maintain prestige and popularity of the Government as it reflects its ability to maintain living standards in the face of an external crisis. It reduces the onus of the Government to provide employment or social security support.
The unemployment rate (...)
By 19 November 2020, a total of 19,280 of our citizens had contracted the coronavirus, 74 unfortunates succumbed to the disease and 13,271 of those stricken with the sickness had recovered.
During the first wave of the pandemic, the country was locked down for three months. At that time the (...)
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