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Amidst a number of questionable investments in the Colombo Stock Exchange, the Employee s Provident ..
Last week’s weekly Treasury (T) Bill auction saw yields continuing with their upward ascent, with the weighted average yields (WAYs) for 182 and 364 day T Bills rising by seven and four basis points (bps) to 13.02% and 13.27% respectively. However the WAY for the 91 day T Bill stagnated at the 11.36% level, which ...
Aug 15, Colombo: A private sector trade union in Sri Lanka is considering initiating legal action to call for an investigation into the investments made using monies from the private sector retirement fund, Employees' Provident Fund (EPF).
Aug 12, Colombo: The private sector trade union in Sri Lanka, the Inter Company Employees' Union (ICEU) says the government is once again attempting to introduce a private sector pension scheme to pilfer the monies in the private sector retirement fund, Employees' Provident Fund (EPF).
Aug 10, Colombo: Attorney General of Sri Lanka has informed the Supreme Court yesterday that the opposition United National Party (UNP) parliamentarian Mangala Samaraweera has not deposited the Employees' Provident Fund (EPF) monies for the journalists and other staff of the website office
Aug 05, Colombo: Several trade unions in Sri Lanka are to meet tomorrow to decide on the action to be taken against the alleged misuse of Employment Provident Fund (EPF) monies.
A grouping of 22 trade unions from both the state and private sector are to meet on Monday to discuss an action plan in connection with the alleged misuse of workers Employment Provident Fund (EPF) monies. Anton Marcus with the Free Trade Zones & General Services Employees Union (FTZGSEU
But Market’s Illiquid Status Of Such, Drawback In a depressed market, such as that which is facing the Colombo bourse today, the time however is ripe for investors to buy good stocks at bargain prices an economist said. Amal Sanderatne, Director, Frontier Research (Pvt.) Ltd., addressing a seminar on the economy with a focus on ...
Jun 28, Colombo: Sri Lanka's main opposition United National Party (UNP) says that the private sector pension fund, the Employees' Provident Fund (EPF) has lost over Rs. 12 billion in its investments in the Colombo Stock Exchange.
The Employees Trust Fund has donated 75 million rupees as a scholarship grant for students who had excelled in the 2011 Grade Five scholarship examination. A sum of 15,000 rupees will be awarded every year for 5000 students who excel in the Grade Five Scholarship Examination. A cheque for 75 million rupees required to award ...
Jun 27, Colombo: Sri Lanka's private sector retirement instrument, the Employees' Provident Fund (EPF) has welcomed the clarification made by Standard and Poor's (S&P) today that there was no information of any specific incidences occurring of a potential conflict of interest due to the Central
Hambantota is claimed to be an ‘emerging hub’ of various sorts – shipping, aviation, tourism, industrialisation, cultural and international sports of various kinds. An unfortunate feature appears to be that in recent years it is emerging to be an epicentre of domestic political crime. A harbinger to this regrettable development was on the eve of ...
Jun 22, Colombo: Sri Lanka's Opposition Leader Ranil Wickremasinghe has asked the government to disclose the present position of investments made by the country's private sector retirement funds, Employees Provident Fund (EPF) and Employees Trust Fund (ETF).
Cabinet could be held responsible for the controversial investments made out of the EPF and ETF funds at the Colombo Stock market (CSE) opposition Leader Ranil Wickremasinghe said.
Opposition Leader Ranil Wickremesinghe today demanded that the Government inform the House of the present position of the investments made by utilizing the funds belonging to the Employees Provident Fund (EPF) and Employees Trust Fund (ETF). Making special statement in Parliament, the Opposition
Jun 21, Colombo: Responding to a statement made by the rating agency Standard & Poor on the country's private sector retirement fund, Employees' Provident Fund (EPF), the Central Bank Wednesday said that there is no conflict of interest as a result of the EPF investing in shares of banks.
, Employees Provident Fund (EPF).
Jun 12, Colombo: A parliamentary committee appointed by the leader of Sri Lanka's main opposition United National Party to inquire into the widespread allegations of irregularities in managing the private sector retirement fund, Employees' Provident Fund (EPF), is to hand over its report next week
“The demoralising, destructive character of the patriotic degeneracy….” Sebastian Haffner (Germany: Jekyll and Hyde) By Tisaranee Gunasekara It was the Oxford Debacle all over again. The events were drearily predicable. Sri Lanka, like every Commonwealth nation, received an invitation for the Diamond Jubilee celebrations of Queen Elizabeth II. President Rajapaksa, unlike most Commonwealth leaders,...
Sri Lanka’s Employees’ Provident Fund which is the largest private pension fund in the country once again reiterated that it has diligently followed all internal guidelines in relation to the assessment, analysis and investment in the Stock market. It also says the investments it had made in the stock market had the approval of the Investment ...
Jun 03, Colombo: Sri Lanka's main opposition United National Party (UNP) has appointed a committee to study and make proposals on the private sector retirement fund, Employees' Provident Fund (EPF), monies that have been lost due to bad investments in the Colombo Stock Exchange (CSE).
The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition
The JVP yesterday vowed to take legal action against the investments made by the Government in the Colombo Stock Exchange (CSE) using the money of the Employeesandrsquo; Provident Fund (EPF).
May 29, Colombo: A private sector trade union in Sri Lanka is to lodge a complaint today with the Commission to Investigate Allegations of Bribery and Corruption calling for an inquiry into the investing of Employees Provident Fund (EPF) monies in the Colombo Stock Exchange (CSE).
Stealthy move madelast year under wraps Reliable sources revealed to LAKBIMAnEWS that the Bank of Ceylon (BoC), the Peoples’ Bank (PB) and the Employees Provident Fund (EPF) have acted in cahoots to purchase shares worth Rs 344 million from crumbling entity, The Finance Company (TFC
the Employees’ Provident Fund (EPF). Ceylon Grain Elevators PLC, Laugfs Gas PLC ...
May 21, Colombo: The Employees' Provident Fund Department of Sri Lanka's Central Bank today rejected the allegations of fraud involving the retirement fund ,Employees' Provident Fund (EPF) made by an opposition legislator in the parliament recently.
Sri Lanka’s largest retirement fund, the EPF today blamed an opposition MP for trying to tarnish its reputation and also trying to destabilize the economy through such a strategy. However the EPF did not name the Opposition MP. Issuing a statement, the EPF rejects the accusation
President Rajapaksa paid floral tributes to the statue of late politician and writer T.B. Ilangaratne this morning.The commemorative ceremony was held at Navam Mawatha in Colombo. It was organized by the People’s Bank. He was elected to Parliament from 1958 to 1977 representing the Kandy, Galaha, Hewaheta and Kolonnawa electorates and had held several Cabinet ...
National Transport Commission (NTC) has decided open Employee Provident Fund and Employees Trust Fund accounts for bus drivers and conductors working in the public transport sector from May, NTC chairman Roshan Gunawardena said. He said insurance coverage will also be provided for drivers and conductors.