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The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]
Video: ණය ප්රතිව්යුහගත කිරීමත් එක්ක EPF/ETF සල්ලිවලට මොකද වෙන්නේ?
By N Sathiya Moorthy Now that President Ranil Wickremesinghe has promised to table the IMF bail-out documents in Parliament on 25 April, there will be some relief for citizens wanting out of the meaningless politico-electoral speculation of the time. It could well be back to a more serious discourse on the economy, economic recovery – […]
By Shamindra Ferdinando The International Monetary Fund (IMF) owed an explanation as regards the recent government declaration that domestic debt restructuring was part of the programme implemented in terms of Sri Lanka’s agreement with the lending agency, top Opposition spokesperson Prof. G.L. Pieris, MP said yesterday (10). Having repeatedly assured that domestic debt wouldn’t be […]
USNS Brunswick, a Spearhead-Class Expeditionary Fast Transport ship of the U.S. Navy arrived at the port of Trincomalee (08th April 2023).
Wednesday 5th April, 2023 There have been substantial reductions in fuel prices, and they will go a long way towards tackling inflation. The economy is said to be showing some signs of recovery, but more trouble is apparently brewing for the hapless Sri Lankans, who are struggling to keep the wolf from the door. Now, […]
ජාත්යන්තර මූල්ය අරමුදලේ නියෝග මත දේශීය ණය ප්රතිව්යූහගත කරණය යටතේ සේවක අර්ථසාදක අරමුදල මගින් රජය ලබාගෙන ඇති ණය කපාහැරීමට සූදානම් […]The post මැයි මාසයේදී EPF බිලි දීමට සූදානම් appeared first on Lanka Truth | සිංහල | Latest and Breaking News from Sri Lanka.
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
Speech made November 22 I have consistently recorded my opposition to Minister of Finance being the President. From 2010 onwards in this House, whenever the President in his capacity as Minister of Finance has presented a budget I have recorded that protest and I wish to record that today as well. When a person who […]
ජාත්යන්තර මූල්ය අරමුදල 2007දී එවකට පැවති ආණ්ඩුවට ලබා දී තිබෙන නිර්දේශයක් අනුව යමින් සේවක අර්ථ සාධක අරමුදල සහ සේවා නියුක්තිකයන්ගේ […]The post හොර රහසේම අර්ථසාධකේ (EPF) විකිණීමේ සූදානමක්! appeared first on Lanka Truth | සිංහල | Latest and Breaking News from Sri Lanka.
Video: EPF incurs huge losses as investments failed, audit report reveals (English)
The Employees Provident Fund (EPF), the largest social security scheme in Sri Lanka, has suffered massive losses due to the investments made in listed and unlisted companies, a new report compiled by the Auditor General s Department revealed.
සේවක අර්ථසාධක අරමුදල් ඇතැම් ව්යාපෘතිවල ආයෝජනය කිරීමෙන් රුපියල් මිලියන ගණනින් පාඩු සිදුවී ඇති බව නවතම විගණන වාර්තාවකින් පෙන්වා දී තිබේ.
By Sanath Nanayakkare Leading rice miller, Lankeshwara Mithrapala says he has suspended purchasing paddy because it is not proper to purchase paddy from farmers at prices lower than Rs. 120 per kilo, and if he did purchase at that price, he would have to absorb a loss of Rs. 23 from each kilo of rice. […]
Fear of a DDR/IFR event drive rates even higher
Minister Kanchana Wijesekera has publicly stated that the Ceylon Petroleum Corporation (CPC) and the Ceylon Electricity Board (CEB) have employees far in excess than required for the normal functioning of these institutions. For instance, Ceylon Petroleum Storage Terminals Ltd., has 4,200 employees where only 500 are required, and the CEB has around 26,000 employees when […]
‘Utterly corrupt process implemented at country’s expense’ By Shamindra Ferdinando Dissident SLPP lawmaker Dr. Nalaka Godahewa has warned of clandestine moves to sell off profitable ventures in the state sector.Addressing the media in Colombo on Wednesday (24), the Gampaha District MP alleged that instead of restricting loss making ventures, interested parties seemed hell-bent on divesting […...
By Sirimatha Rathnasekera The Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) will lose about 600 billion rupees during the proposed domestic debt structuring, Co-Convener of the JVP affiliated National Trade Union Centre (NTUC) Wasantha Samarasinghe claimed. Samarasinghe
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
Video: Eran Wickramaratne talks about ASPI and EPF
Video: Only govt to rob money from EPF, ETF and savings bank -- Ranil
Video: News1st EPF incurred a loss of 10.4 billion rupees - The 2012 annual report of EPF reveals
Video: EPF ලියාපදිංචි ආයතන 29,000ක් වහන්න අවසර ඉල්ලලා - මොකක්ද විසඳුම?
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
කම්කරු දෙපාර්තමේන්තුවේ කාර්යාල (EPF-ETF) නැවත දැනුම්දෙනතුරු සිකුරාදා දිනවල වසා දැමීමට තීරණය කර තිබේ.
[…]The post Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance appeared first on Colombo Telegraph.
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –