President Rajapaksa as Minister of Finance presented the first budget in his second term as the Executive President, making proposals giving a major impetus to value addition of local industrial products, to improve export earnings while granting a wide range of concessions, increasing outsourcing facilities in Sri Lanka for foreign business enterprises. Thus the President, ...

Government institutions such as the State administered EPF are believed to have had entered the market on Thursday by buying into blue chips across the board, thereby helping to push up the All Share Price Index (ASPI) by 92.58 points (1.43%) to 6,565 and the more sensitive Milanka Price Index (MPI

Sri Lanka`s private sector trade union arm, Inter Company Employees` Union (ICEU) held protests toda..

Nov 15, Colombo: Sri Lanka's private sector trade union arm, Inter Company Employees' Union (ICEU) held protests today outside several private institutions against the proposed amendments to the Employees Provident Fund (EPF) and Employees' Trust Fund (ETF) Act.

The private sector trade union association, the Inter Company Employees’ Union (ICEU) today (15) held protests outside several private institutions against the proposed amendments to the EPF/ETF Act. ICEU Head Wasantha Samarasinghe said the protests were held outside private companies island

Employees Provident Fund President S K Gunawardena recently declared open the Employees Provident Fund office at Martin Road, Jaffna.

The Inter Company Employees Union affiliated to the JVP is planning an island wide protest against t..

By Chamitha Kuruppu Reputed Economist and UNP Member of Parliament Dr. Harsha de Silva, while talking about the crony capitalism in the country, warns that the situation is only going to get worse within the new set up, where economic...

The Inter Company Employees’ Union (ICEU) today (27) said the police had disrupted its leaflet distribution campaign in the Maradana area. The ICEU leaflet distribution campaign on the government’s alleged move to plunder the EPF and ETF was carried out opposite the Maradana railway station

Compensation has been granted to employees of the Salt Corporation at Manthai which was shut down due to terrorist activities. The handing over of the compensation to 371 employees of the Salt Corporation took place at the Labour Office in Vavuniya. The amount paid was over 150 Million Rupees. The event was organized under the ...

Bay Pond USA, continued its selling streak of JKH shares at Thursday’s trading as well, with the Government administered EPF being among the buyers, at Rs. 300 a share, to prevent the bourse from falling, market sources told The Sunday Leader. Government institutions have been intervening

Oct 23, Colombo: Sri Lanka government is to launch a new identification system from November 01 for the members of its popular retirement plan, Employees' Provident Fund (EPF).

Sept 30, Colombo: The members of Sri Lanka's largest social security scheme, Employees' Provident Fund will soon be able to withdraw 30% of their account for housing and medical requirements.

A new Amendment will be introduced to the Employees Provident Fund to grant additional benefits to the working class. The Cabinet gave the nod for the amendment. Cabinet Spokesman Keheliya Rambukwella said major amendments will include the withdrawal of 30% of members from the funds for housing and medical treatment. Housing purposes will cover construction ...

by Dr.A.C.Visvalingam President -CIMOGG One hundred and sixty-one Members of Parliament, in their understandable admiration of President Rajapaksa’s leadership in eliminating the LTTE, appear to have taken up the position, by voting for the 18th Amendment ("18A"), that he can...

(Lanka-e-News, Sep.11, 2010, 11.05 PM) According to Central Bank statistics, during the year 2009-2010, the EPF payments to its members have dropped by...

The bourse, affected by the 10% price ceiling on daily trading, and with no foreign investments in sight, saw the benchmark ASPI and the more sensitive MPI picking up by five and 13 points respectively on Friday’s trading (over that of Thursday’s close), according to provisional results. Turnover was Rs. 2.5 billion led by Aitken ...

Aug 18, Colombo: Sri Lanka Central Bank (CBSL) today dismissed an opposition party claim that the Employee's Provident Fund (EPF) does not have the authority to invest in banking and financial sector stocks listed on the Colombo Stock Exchange.

The UNP warned that illegitimate investments in the CSE and unlawful investments made by the EPF will lead to serious consequences which will result in the economic recession in the...

Employees’ Provident Fund has declared the highest ever rate of interest of 13.75 per cent to its...

Private Sector employees will receive several benefits in the near future. Secretary to the Labour Ministry Mahinda Madihahewa said already salary increases from 20% up to 40% had already been granted. He pointed out that salary increases had been granted by Wage Control Boards in the Private Sector. It has been done by seven such ...

The Ministry of Labour Relations and Productivity Promotion has assured an attractive interest of 13.75 percent for the Employees of Provident Fund. It is planned to grant this interest for the deposits maintained by all EPF members. Minister Gamini Lokuge said that their intention was to ensure

by Namini Wijedasa A powerful international federation of trade unions has in a petition to be considered by the US government delivered a scathing account of labour practices in Sri Lanka, alleging that worker rights in the country have deteriorated in recent years. The American Federation of Labour and Congress of Industrial Organisations (AFL-CIO) filed the petition before th...

Inland Revenue claims Rs 2.8 million from directors Employed director faces music on his own Ranil Wickremesinghe appointed new board By Faraz Shauketaly The printing company set up by President Ranasinghe Premadasa for the United National Party (UNP)  did not pay its dues to the Inland Revenue and the directors have now been noticed to ...

Members of the Employees Provident Fund (EPF) are afforded facilities of securing information on their balance through Short Message...

Members of the Employees Provident Fund are afforded facilities of securing information on their balance through Short Message Services. This service is given with the support of Sri Lanka Mobitel. The related agreement was inked at the Labour Ministry. Mobitel Executive Director Suren J. Amarasekera and Commissioner General for Labour Upali Wijeweera signed the agreement. [...]

The Employees’ Provident Fund receives an interest of 13.75 percent. According to the Central Bank, it is the highest percentage so far granted for the EPF, according to the Central Bank. Last year’s interest rate was 13.20 percent. The new rate is an increase of 55 units based on the interest paid

Mar 19, Colombo: Sri Lanka's government managed Employees Provident Fund (EPF) for private sector employees had bought a 10 percent stake in Lighthouse Hotel.