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Jun 03, Colombo: Sri Lanka's main opposition United National Party (UNP) has appointed a committee to study and make proposals on the private sector retirement fund, Employees' Provident Fund (EPF), monies that have been lost due to bad investments in the Colombo Stock Exchange (CSE).
The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition
The JVP yesterday vowed to take legal action against the investments made by the Government in the Colombo Stock Exchange (CSE) using the money of the Employeesandrsquo; Provident Fund (EPF).
May 29, Colombo: A private sector trade union in Sri Lanka is to lodge a complaint today with the Commission to Investigate Allegations of Bribery and Corruption calling for an inquiry into the investing of Employees Provident Fund (EPF) monies in the Colombo Stock Exchange (CSE).
Stealthy move madelast year under wraps Reliable sources revealed to LAKBIMAnEWS that the Bank of Ceylon (BoC), the Peoples’ Bank (PB) and the Employees Provident Fund (EPF) have acted in cahoots to purchase shares worth Rs 344 million from crumbling entity, The Finance Company (TFC
the Employees’ Provident Fund (EPF). Ceylon Grain Elevators PLC, Laugfs Gas PLC ...
May 21, Colombo: The Employees' Provident Fund Department of Sri Lanka's Central Bank today rejected the allegations of fraud involving the retirement fund ,Employees' Provident Fund (EPF) made by an opposition legislator in the parliament recently.
Sri Lanka’s largest retirement fund, the EPF today blamed an opposition MP for trying to tarnish its reputation and also trying to destabilize the economy through such a strategy. However the EPF did not name the Opposition MP. Issuing a statement, the EPF rejects the accusation
President Rajapaksa paid floral tributes to the statue of late politician and writer T.B. Ilangaratne this morning.The commemorative ceremony was held at Navam Mawatha in Colombo. It was organized by the People’s Bank. He was elected to Parliament from 1958 to 1977 representing the Kandy, Galaha, Hewaheta and Kolonnawa electorates and had held several Cabinet ...
National Transport Commission (NTC) has decided open Employee Provident Fund and Employees Trust Fund accounts for bus drivers and conductors working in the public transport sector from May, NTC chairman Roshan Gunawardena said. He said insurance coverage will also be provided for drivers and conductors.
A great deal may be done by severity, more by love, but most by clear discernment and impartial justice. -Johann Wolfgang von Goethe-Justice as quoted by Eckerman This column dedicated to the notion of making Sri Lanka the Wonder of Asia turns its spotlight on that great trait of judicial activism as sometimes exhibited by ...
The bourse breathed a sigh of relief at Friday’s trading on the knowledge that sanctions, at least in the immediate future will not be imposed on the island despite Thursday’s Human Rights (HR) resolution against Sri Lanka at Geneva which resulted in it returning a higher Rs. 926.9 million turnover on Friday compared to low ...
Avurudhu Rupee Commitments Bear on Exporters The exchange rate (ER) held at the Rs. 130 levels to the US dollar ($) at Wednesday’s, Thursday’s and Friday’s trading as exporters began encashing their $ proceeds to meet their local commitments, a market source told this reporter. “In the event they persisted in holding on to their ...
Khazana Nasional Berhard, the investment holding arm of the Government of Malaysia, yesterday acquir..
The Employees Provident Fund gets a profit of 800 million rupees. The Employees Provident Fund which possessed 71 million shares of conglomerate John Keells Holdings had been sold at 194 rupees per share, bringing a capital gain to the Fund. These shares have been purchased by Malaysia’s Khazana Nasional Berhard, a sovereign wealth Fund. ...
UNP National List MP and Chief Economist Dr Harsha de Silva said that he had wanted Central Bank Gov..
Srilankamirror - The UNP has accused the government of using the monies from the Employees Provident Fund (EPF) to carry out its development agenda. UNP parliamentarian and head of the JSS, Dr. Jayalath Jayawardena has said that EPF monies were being excessively used to construct a 35-story
Jan 26, Colombo: A legislator of Sri Lanka's main opposition United National Party (UNP) has accused the government of using the monies from the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector, to carry out development
The Auditor Generals’ Department will table in Parliament today (Friday) the 2009 and 2010 audit reports of the Employees Provident Fund (EPF), Auditor General H. A. S. Samaraweera told TimesOnline. He said the department has completed the scrutinizing accounts of 210 corporations, statuary
Parliament passed the Employees Provident Fund Amendment bill with a 59-vote majority at a ballot today (Jan. 18).
The Employees Provident Fund (Amendment) Bill was passed with a majority of 59 votes in Parliament ..
(Srilankamirror) - Parliament passed the Employees Provident Fund Amendment bill with a 59-vote majority at a ballot today (Jan. 18). The bill makes provisions for the setting up of a pension or insurance fund for EPF members. It was tabled by leader of the House Nimal Siripala de Silva
The Employee’s Provident Fund (Amendment) Bill was passed in Parliament today with 71 voting for and 12 against it. The UNP , DNA and TNA voted against the Bill. The amendments to the Act will enable EPF members to withdraw 30 percent of the amount in their Fund if they have contributed
Jan 18, Colombo: The Sri Lankan parliament today passed an amendment bill that would affect the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector.
The Employees Provident Fund (Amendment) Bill has been passed in Parliament. 71 voted for and 21 against the Bill. Joining in the debate, Minister Gamini Lokuge said that those who serve in many institutions have various EPF numbers. As such they proposed to use the National Identity Card
The Employee Provident Fund (EPF) amendment bill was passed in parliament, 71 voted for and 12 against the bill
The Employees Provident Fund (EPF) Amendment Bill was passed in Parliament today with a majority of 59 votes. 71 MPs voted in favor of the amendment bill while 12 voted against it.
The Employees Provident Fund (EPF) Amendment Bill was presented in Parliament a short while ago by the Leader of the House Nimal Siripala De Silva. The debate over the bill has commenced.
The controversial Employees Provident Fund (EPF) Amendment Bill will be presented in Parliament at 1pm today. Minister of Labour and Labour Relations Gamini Lokuge today said the government had removed the two clauses in the Employees Provident Fund (EPF) (Amendment) Bill which provides
Srilankamirror - The Sri Lanka Transport Services Union says the Sri Lanka Transport Board (SLTB) has failed to make payments amounting to Rs. 14,000 million due as EPF payments of its employees. The payments have not been made for the period between June 2010 till May 2011, Secretary