Categories: BusinessHeadlines

LNP – Cabinet approval to increase minimum wage of private sector employees

The Cabinet of Ministers has granted approval to a proposal to increase the monthly minimum wage of private sector employees from Rs. 17,500 to Rs. 27,000 with effect from 01 April 2025.

The Cabinet paper in this regard has been presented by the Minister of Labour.Â

According to the Cabinet paper, the daily minimum wage of private sector employees will be increased from Rs. 700 to Rs. 1,080.

Furthermore, the Cabinet paper has proposed to increase the monthly minimum wage of private sector employees to Rs. 30,000 from Rs. 27,000 with effect from 1 January 2026.

The daily minimum wage of private sector employees will rise to Rs. 1,200 from Rs. 1,080.Â

According to the Labour Ministry, the proposed amendments will be submitted to Parliament in May.

The Ministry also noted that the wage increase is in line with the budget proposal for this year.

AddThis Website Tools
Tyronne Jayamanne

Recent Posts

LNP – Another lorry with 200kg of substances believed to be ‘Ice’ and heroin found in Tangalle

LNP – Another lorry with 200kg of substances believed to be ‘Ice’ and heroin found in Tangalle

A large stock of narcotics, including over 200 kilograms of crystal methamphetamine or commonly known…

13 hours ago
LNP – President to undertake official visit to Japan

LNP – President to undertake official visit to Japan

President Anura Kumara Dissanayake will leave for Japan on September 27 for a four-day official…

17 hours ago
LNP – Hearing of case against Yoshitha and his grandmother adjourned

LNP – Hearing of case against Yoshitha and his grandmother adjourned

The Colombo High Court has ordered that the case filed by the Attorney General against…

19 hours ago

LNP – Hotel owned by Former Governor’s wife ordered to be demolished

A hotel owned by Mrs. Ajantha Rupasari Herath, wife of former North Central Province Governor…

19 hours ago

LNP – Weapons cache allegedly buried by Sampath Manamperi found in Middeniya

A cache of weapons, including firearms and ammunition, has been discovered on a plot of…

19 hours ago

LNP – Credit card debt growth slows despite consumer spending rise

Sri Lanka’s credit card debt expanded at a slower pace in July, even as overall…

19 hours ago