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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

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.).

‘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 […]

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

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%.