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[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO appeared first on Colombo Telegraph.
- Letter To Tiran (Category: Breaking News)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- Open Letter To The President: Mr. President, It’s Not Too Late! (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
[…]The post The Apologetic Custodian Of The EPF Is Also A Victim appeared first on Colombo Telegraph.
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Child’s Guide To Currency Board Systems: Steve Hanke’s Crusade For Currency Boards (Category: Breaking News)
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- New Central Bank Bill: Gaps Need To Be Filled (Category: Breaking News)
[…]The post Politics Of Easter Investigation In A Wriggling Economy appeared first on Colombo Telegraph.
- Economy, Easter Phoenix & Politics (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
- Economics Of Recovery & Politics Of Reconciliation (Category: Breaking News)
- RW’s Political Dilemma (Category: Breaking News)
Manusha Nanayakkara, the Minister of Labour and Foreign Employment, confirmed that the existing 9% employee benefit related to the Employee Provident Fund will remain unchanged.The post No harm to the Employee Provident Fund – Manusha appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Assured 9% benefit for EPF to continue for next four years– Minister Manusha Nanayakkara (Category: Breaking News)
- 30% of EPF for medical & housing (Category: Breaking News)
- EPF will not be negatively affected, Manusha assures (Category: Breaking News)
- No harm to the Employee Provident Fund (Category: Breaking News)
By Shihar Aneez ECONOMYNEXT –The Central Bank of Sri Lanka (CBSL) informed the members of the EPF, the country’s largest pension scheme, that it has opted for the government’s domestic debt optimization (DDO) option with a long-term view in the best interest of the members. It said the two options
- EPF to participate in Treasury Bond exchange under DDO (Category: Breaking News)
- Governance issues, etc., will have to be sorted out to avert further debt restructuring: Verité ... (Category: Breaking News)
- COPF discusses effect of domestic debt restructuring on EPF (Category: Breaking News)
- ‘Presidential control over DDO undermines power of Parliament’ (Category: Breaking News)
Manusha Nanayakkara, the Minister of Labour and Foreign Employment, at a press conference held today (15) at the Presidential Media Centre, on the theme of ‘Collective Path to a Stable Country’ confirmed that the existing 9% employee benefit related to the Employee Provident Fund will remain unchanged for the next four years. The Minister emphasized […]
Minister of Labour and Foreign Employment Manusha Nanayakkara assures that the existing 9% employee benefit related to the Employee Provident Fund will remain unchanged.
The Employees Provident Fund (EPF) has submitted an offer to exchange the portfolio of their Treasury Bonds under the Domestic Debt Optimisation (DDO) programme, the Central Bank of Sri Lanka (CBSL) reported today (13 Sep.).
[…]The post System Change Happening In Wrong Direction appeared first on Colombo Telegraph.
- Overstressing The Proposed Truth & Reconciliation Commission (Category: Breaking News)
- From Demand For Systems Change To Systems Break (Category: Breaking News)
- Time For Truth Come Out (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
‘How come gold smuggling MP remains on Ethics and Privileges Committee’? By Shamindra Ferdinando The Opposition would seek the IMF’s commitment to rein in rampant corruption with the Wickremesinghe-Rajapaksa government in spite of the country being declared bankrupt over a year ago, former External Affairs Minister Prof. G. L. Peiris said yesterday (11). Addressing the […]
- GL flays govt. for bringing in laws to consolidate power, protect crooks (Category: Breaking News)
- Opp. alleges Speaker disrupts CoPF ahead of vote on CBSL Bill (Category: Breaking News)
- IMF not paying sufficient attention to corruption: GL (Category: Breaking News)
- GL: Govt. not concerned about corruption despite Geneva warning (Category: Breaking News)
[…]The post Economy, Easter Phoenix & Politics appeared first on Colombo Telegraph.
- Politics Of Easter Investigation In A Wriggling Economy (Category: Breaking News)
- Regime Failure, Grassroot Anger & Ineffective Opposition (Category: Breaking News)
- Regime Failure, Grassroot Anger & Ineffective Opposition (Category: Breaking News)
- Regime Failure, Grassroot Anger & Ineffective Opposition (Category: Breaking News)
SJB Colombo District MP Dr. Harsha de Silva decried in Parliament last week what he considers a glaring injustice within the Employees Provident Fund (EPF) taxation intention. Participating in the debate on new Inland Revenue Bill, he argued that imposing taxes solely on EPF
- SOC reveals defaulted EPF payments by plantation companies (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- Cabinet gives nod to amend EPF Act (Category: Breaking News)
- EPF to participate in Treasury Bond exchange under DDO (Category: Breaking News)
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has revealed that in the event the Employees Provident Fund (EPF) participates in the Domestic Debt Optimisation (DDO) process, the opportunity loss to the EPF bond portfolio will amount to 4%.
[…]The post Unthinkable, Unspeakable Can Happen appeared first on Colombo Telegraph.
- A Story Of Shadows (Category: Breaking News)
- “Really Real Manner Of Managing Sri Lanka” – ‘To Paris and Back’ 1977-1990 (JRJ Years) (Category: Breaking News)
- A Churlish Churchill, A Godawful Grusha (Category: Breaking News)
- Gorbachev And Gotabaya (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part V appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
[…]The post The Republic That Fears The Independence Of The Judiciary Even More Than Terrorism appeared first on Colombo Telegraph.
- The Proposed Anti-Terrorism Bill Amounts To A Parallel Constitution & A Criminal Procedure Code (Category: Breaking News)
- A Submission on the Making of a New Constitution (Category: Breaking News)
- A Submission on the Making of a New Constitution (Category: Breaking News)
- Declining Trust In A Legal System; Where The “Fence Is Eating The Crops”! (Category: Breaking News)
[…]The post Debterioration Of Nations Social Security & Protection appeared first on Colombo Telegraph.
- Covid-19 Vaccination: Who Gets, When And How? (Category: Breaking News)
- Covid-19 Vaccination: Who Gets, When And How? (Category: Breaking News)
- Failing Banks, French Turmoil & Sri Lanka’s Contraction & Confusion (Category: Breaking News)
- Sri Lanka’s Economic Crisis: Social Security In A Stake (Category: Breaking News)
By Saman Indrajith The SJB yesterday accused the government of using trickery to prevent the judicial review of its new laws to bring down the value of money in the Employment Provident Fund by 30% as a part of IMF dictated economic reforms. Chief Opposition Whip Kandy District MP Lakshman Kiriella said that the government […]
- Sajith says govt lying about there being no money to hold polls after having printed Rs 278 bn i... (Category: Breaking News)
- Chief Govt. Whip insists only Presidential poll will be held this year (Category: Breaking News)
- JVP plans protest in Colombo tomorrow (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
[…]The post Bleeding Hearts & Brave Hearts appeared first on Colombo Telegraph.
- Who Or What Made Us Insolvent (Category: Breaking News)
- Cockiness; What Price? (Category: Breaking News)
- Ballad Of A Sad Trumpet (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
The Cabinet of Ministers has approved a proposal to amend Employees’ Provident Fund (EPF) Act to ensure a minimum of 9 percent annual interest rate to members during the next four-year period (2023 to 2026) following Domestic Debt Optimisation.The post Sri Lanka to amend EPF Act to ensure 9% annual
- Central Bank informs EPF members: “decided to opt for” DDO (Category: Breaking News)
- No harm to the Employee Provident Fund – Manusha (Category: Breaking News)
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
The Cabinet of Ministers has approved a proposal to amend the Employees Provident Fund (EPF) Act to maintain a minimum of 9% annual interest rate within the next four years.
BASL urged to take a stand By Shamindra Ferdinando The Jathika Jana Balawegaya (JJB) has accused President Ranil Wickremesinghe of seeking to influence the judicial process in respect of a petition against domestic debt restructuring at the expense of the Employees’ Provident Fund (EPF
- BASL holds back response pending talks with seniors (Category: Breaking News)
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- JVP defends Lal Kantha’s call for devolution of judicial power, promises new Constitution (Category: Breaking News)
- President agrees to consider university lecturers demands (Category: Breaking News)
The Supreme Court today (03) ordered the consideration of the petition filed seeking an order preventing the government from waiving off the loans obtained from the Employees Provident Fund (EPF) and Employees Trust Fund (ETF), during the Domestic Debt Optimization (DDO) process, to be postponed
Two petitions were filed before the Supreme Court this afternoon (28 July), seeking an order deeming the decision to reduce the interest rates paid when investing the funds of Employees Provident Fund (EPF) in treasury bills and bonds to 9% a violation of fundamental rights.
The Supreme Court has ordered the petition filed seeking an order preventing the government from waiving off the loans obtained from the Employees Provident Fund (EPF) and Employees Trust Fund (ETF), during the Domestic Debt Optimization (DDO) process to be recalled on August 27 for consideration.
[…]The post Speeding Up Recovery Requires Consistency appeared first on Colombo Telegraph.
- Preparing The Ground For Early Elections (Category: Breaking News)
- President Needs Trust To Succeed In Problem Solving (Category: Breaking News)
- Preparing Or Posturing For Elections? (Category: Breaking News)
- Parliamentary Support Required For Effective Recovery (Category: Breaking News)
ECONOMYNEXT –Sri Lanka’s main opposition party the Samagi Jana Balawegaya (SJB) will present an amendment to the Employees’ Provident Fund (EPF) Act to ensure an equitable treatment in restructuring domestic debt, an SJB legislator said. MP Harsha de Silva told reporters on Wednesday July 12
- Govt. planning to place EPF, ETF under independent body (Category: Breaking News)
- Protests against 13A used to arouse communal feelings – SJB (Category: Breaking News)
- Harsha points out “glaring injustices” in taxing EPF (Category: Breaking News)
- Sajith: EPF will lose Rs 12 trillion due to domestic debt restructuring (Category: Breaking News)
The petition filed seeking an order preventing the government from waiving off the loans obtained from the Employees Provident Fund (EPF) and Employees Trust Fund (ETF), during the domestic debt optimization (DDO) process is due to be heard on 27 July.
The Sectoral Oversight Committee on Foreign Employment and Labour has revealed that several plantation companies have defaulted on Employees Provident Fund (EPF) payments and have huge arrears to the EPF.
- Stock Defence (Category: Business)
- Stock Purchase (Category: Business)
- Electronic Transfer (Category: Business)
- EPF’s response to S&P’s Statement (Category: Business)
[…]The post The International Priority To Be Heeded appeared first on Colombo Telegraph.
- Resisting Elections Will Worsen Dissent (Category: Breaking News)
- Consolidating Economic Recovery Needs No Referendum (Category: Breaking News)
- Supreme Court Shows Democratic Route To Government (Category: Breaking News)
- Second Aragalaya In The Making (Category: Breaking News)
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