THE proposed amendments to the Employees Provident Fund (EPF) have created a much-needed discussion forum on pension funds and their benefits, while also bringing several crucial points into the limelight. Experts have pointed out that if the Government is genuinely keen on maximising returns

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

The Inter Company Employees Union (ICEU) today expressed reservations over the government’s decision to table amendments to the EPF Act in Parliament tomorrow and said it was strongly opposed to...

‘A ruler with a depleted treasury eats into the very vitality of the citizens and the country. A ruler, who impoverishes his own people or angers them by unjust exactions will also lose their loyalty Impoverishment, greed and dissatisfaction are engendered among the subjects, when the ruler among other things (i) fails to give what ought ...

Jan 15, Colombo: Sri Lanka's main opposition United National Party (UNP) and Marxist party Janatha Vimukthi Peramuna (JVP) have expressed concerns over the proposed amendments to the Employees' Provident Fund (EPF) Act.

Srilankamirror - UNP MP Dr. Harsha de Silva says the Employees’ Provident Fund (EPF) would be summoned before the Public Accounts Committee (PAC) in parliament to explain its accounts. He told Sri Lanka Mirror that the EPF has failed to submit the audited reports for 2010

Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...

Jan 09, Colombo: Sri Lanka’s main opposition United National Party (UNP) has called on the government to submit the audit reports of the Employees' Provident Fund (EPF) to parliament.

The UNP yesterday demanded that the annual accounts of the Employment Provident Fund for 2010 be imm..

  By Padmini MatarageThe government has been contemplating introducing the amended Employees Provident Fund (EPF) Act in parliament on January 18, sources say. However, due to unprecedented opposition from trade unions, political parties and civil society, the government has decided to rethink

Jan 06, Colombo: The main opposition of Sri Lanka United National Party (UNP) has called on the government to postpone the presentation of amendments to the Employees' Provident Fund (EPF) Act.

Jan 06, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the proposed amendment to the Employees Provident Fund (EPF) Acts to empower the Labor Commissioner to set up a private sector pension scheme for workers not covered by the EPF, has been removed.

UNP MP Dr. Harsha de Silva alleges the government is planning to table in parliament on January 18 the EPF amendment draft bill.

(Srilankamirror) – UNP MP Dr. Harsha de Silva alleges the government is planning to table in parliament on January 18 the EPF amendment draft bill. Speaking to the media in Colombo today (Jan. 05), he described the proposed piece of legislation as a messy

The United National Party (UNP) said today the proposed amendments to the Employees Provident Fund (EPF) Act had several loopholes and would enable the government to obtain monies from the...

The United National Party says it has no intention of opposing all Government programmes. UNP Parliamentarian Harsha de Silva however called on the Government not to table the Employment Provident Fund Bill in Parliament.Addressing the media at the Opposition Leader’s Office, he said that the media conference was summoned to intimate to the Government to ...

Srilankamirror - The government has withdrawn one of the proposed amendments to the EPF Act. The amendment that has been withdrawn is the one to permit the Labor Commissioner to set up a pension scheme for persons not a member of the EPF. Labor Minister of Gamini Lokuge

Srilankamirror - The Inter Company Employees’ Union (ICEU) says the government is trying once again to swindle monies in the Employees’ Provident Fund (EPF). The Union notes that the government has found a new way to take the EPF monies after the first attempt by the government

The government is to present an amendment to the EPF Act during the next parliamentary session which will commence on the 17th of this month. The amendment to be presented for approval would enable the government to set up an insurance and pension scheme for workers and use EPF funds to construct

Jan 04, Colombo: Private sector trade unions in Sri Lanka say the government is trying once again to swindle monies in the retirement fund of the private employees, the Employees' Provident Fund (EPF).

Fitch Ratings has affirmed Sri Lanka’s Housing Development Finance Corporation Bank’s National Long-Term rating at ‘BBB+(lka)’. The “Outlook” Fitch says is Stable. At the same time, the agency has affirmed the bank’s outstanding senior unsecured redeemable debentures at ‘BBB+(lka)’. The ratings reflect HDFC’s demonstrated ability to contain interest rate risk b...

), he said there are various issues with regard to the investment of the EPF money in the share market and the d...

Srilankamirror - The Inter Company Employees' Union (ICEU) has called on the government to present the proposed amendments to the Employees' Provident Fund (EPF) Act to the National Labor Advisory Council (NLAC) for discussion and approval by all stakeholders. The ICEU

Dec 18, Colombo: Trade unions affiliated to the private sector in Sri Lanka say that the proposed amendments to the Employees' Provident Fund (EPF) Act have not been presented to the National Labor Advisory Council (NLAC) for discussion and approval by all stakeholders.

Market’s illiquid state compounded by seasonal demand for money, coupled with the lack of confidence in the establishment that is also driving demand for US dollars ($s) and rates as well, forced Central Bank of Sri Lanka (CBSL) to hold a reverse repo auction on Friday (December 16) to tide over the situation Overnight (O/n) ...

TUs Call For Amendments To Be Discussed At NLAC By Mandana Ismail Abeywickrema The government says that the proposed amendments to the Employees’ Provident Fund (EPF) Act would be presented to parliament early next year. Labor Minister Gamini Lokuge told The Sunday Leader that the amendments

Dec 16, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the government would present amendments to the Employees' Provident Fund (EPF) Act to parliament next year.

‘O cursed lust of gold\, to what canst thou not compel the heart of man!’ - Virgil Aenid (greed) This column dedicated to the notion of making Sri Lanka the Wonder of Asia turns its spotlight today on the dreadful suffering of Sri Lankans due to the fraudulent activities of persons masquerading as great philanthropists thereby building public ...

Srilankamirror - Deputy Finance Minister Geetanjana Gunawardena says that monies in the Employees Provident Fund (EPF) have been deposited in several private banks. He has told parliament that EPF monies have not been used to buy shares of any private banks. He has noted that monies

Dec 03, Colombo: Deputy Finance Minister of Sri Lanka Gethanjana Gunawardena says that monies in the Employees Provident Fund (EPF), the retirement fund of Sri Lankan workers, have been invested in several private banks.