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- island.lk - Category : Breaking News - Relavancy : 0.15297452

By Rathindra Kuruwita The JVP yesterday asked the government why it had closed the banks for five days and summoned Parliament without an Order Paper if it was confident that the domestic debt restructuring would have no detrimental impact on the people. JVP’s Dr. Nalinda Jayatissa told journalists in Colombo that the government had a […]

- news.lk - Category : Breaking News - Relavancy : 0.2677054

Will not affect the banking system stability or the stability of any public or private bank Will not affect any interest on bank deposits of over 50 million depositors that is currently being paid Foreign as well as domestic debt restructuring proposals to be submitted to Cabinet tomorrow - Says President in Gampaha

- island.lk - Category : Breaking News - Relavancy : 0.30594903

Declaring that the government had been compelled to go ahead with the debt restructuring programme, President Ranil Wickremesinghe yesterday (27) assured that it wouldn’t have a detrimental impact on both state and private banking sectors. The assurance was given at the opening of a new building at the Gampaha District Secretariat premises. President Wickremesinghe said […]

- island.lk - Category : Breaking News - Relavancy : 0.506102

President Ranil Wickremesinghe assured that the restructuring of domestic debt will have no impact on the membership balance of any public funds, including the Employees’ Provident Fund (EPF). He emphasized that the rate of return for superannuation funds will not be affected

- island.lk - Category : Breaking News - Relavancy : 3.547618

an order preventing the government from cancelling the loans obtained from the EPF and […]

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- island.lk - Category : Breaking News - Relavancy : 0.21633863

Expressing strong opposition to the proposed domestic debt restructuring programme announced by the government, Prof. G. L. Peiris, MP, yesterday (26) accused the Wickremesinghe-Rajapaksa administration of being insensitive and irresponsible in addressing the issue. Instead of working on a social security net to protect the needy, the government was taking a dangerous path that would […]

- adaderana.lk - Category : Breaking News - Relavancy : 2.9563484

A Fundamental Rights (FR) petition has been filed before the Supreme Court seeking an order preventing the government from waiving off the loans obtained from the Employees Provident Fund (EPF) and Employees Trust Fund (ETF), during the domestic debt restructuring process.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.06692635

[…]The post Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.2704233

By Saman Indrajith State Minister of Finance Ranjith Siyambalapitiya told Parliament on Tuesday that compelling creditors to take a haircut was not the only way to restructure domestic debt. Measures such as debt moratoria, reductions in interests and delayed payments could also be adopted to restructure domestic debt, Siyambalapitiya said. “We have not decided to […]

- island.lk - Category : Breaking News - Relavancy : 3.547618

The Sectoral Oversight Committee on Foreign Employment and Labour has recently directed the Central Bank to submit a report detailing the institutions in which funds belonging to the Employees Provident Fund (EPF) have been invested. In addition, the committee has decided to summon experts

- island.lk - Category : Breaking News - Relavancy : 2.9563484

Opposition MP Dr. Harsha de Silva has highlighted the critical considerations surrounding Domestic Debt Optimisation and its impact on the members of the Employees Provident Fund (EPF). Speaking on behalf of the Opposition, recently, de Silva emphasised the need to prioritize the interests of EPF

- island.lk - Category : Breaking News - Relavancy : 0.16225398

By Shamindra Ferdinando The Opposition yesterday (08) lambasted Speaker Mahinda Yapa Abeywardena for what it called a move to disrupt the Committee on Public Finance (CoPF) ahead of the vote on a Bill titled ‘Central Bank of Sri Lanka.’ Top spokespersons for the Nidahas Janatha Sabhawa (NJS) Prof. G.L. Peiris, MP, and the main Opposition Samagi […]

- island.lk - Category : Breaking News - Relavancy : 0.2704233

By Rathindra Kuruwita President Ranil Wickremesinghe was under the impression that he could scare Sri Lankan institutions into submission and force an economic recovery with his presidential powers, Sri Lanka Freedom Party (SLFP) General Secretary, MP Dayasiri Jayasekera said yesterday in Colombo. Jayasekera said that the government was trying to restructure domestic debt, as per […]

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- colombogazette.com - Category : Breaking News - Relavancy : 0.15297452

The Ceylon Electricity Board (CEB) is likely to be broken into 14 privately owned enterprises. Chairman of the Public Utilities Commission of Sri Lanka (PUCSL) Janaka Ratnayake said that with the proposed amendments to the Electricity Act the CEB will be broken into 14 privately owned enterprises. He claimed that the Norachcholai coal power plant […]

- island.lk - Category : Breaking News - Relavancy : 0.11473089

Tuesday 2nd May, 2023 Another May Day has come and gone. The organisers of the International Workers’ Day celebrations, in this country, rarely mention the Haymarket Riot in Chicago (1886), and benefits that accrued therefrom to workers the world over, much less commemorate the brave workers who have laid down their lives in the US […]

- island.lk - Category : Breaking News - Relavancy : 0.09560907

The Resolution for the implementation of the arrangement under the Extended Fund Facility (EFF) of the IMF for Sri Lanka was passed in Parliament by a majority of 95 Votes with 120 voting in favour and 25 voting against. Except for AHM Fowzie all other SJB members were not present in the chamber at the […]

- island.lk - Category : Breaking News - Relavancy : 0.11473089

The Resolution for the implementation of the arrangement under the Extended Fund Facility (EFF) of the IMF for Sri Lanka was passed in Parliament by a majority of 95 votes with 120 voting in favour and 25 voting against it. The Parliamentary debate on the agreement reached with the IMF started after President Ranil Wickremesinghe made […]

- island.lk - Category : Breaking News - Relavancy : 0.15297452

Steps are being taken to prepare the new integrated labour law to avoid the complexities of the existing employment statutes, Minister of Labour and Foreign Employment, Manusha Nanayakkara, recently told the Ministerial Consultative Committee on Labour and Foreign Employment affairs. The Minister said they will start taking opinions and suggestions of all relevant parties from […]

- island.lk - Category : Breaking News - Relavancy : 0.1338527

Powering the 89th annual Battle of the Saints, Sri Lanka’s leading private sector bank HNB PLC, reaffirmed its commitment as the official banking partner for the highly anticipated cricket encounter at the Sinhalese Sports Club on April 28, 29 and 30. The match will see the two leading Catholic schools, St. Josephs College and St. […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.057365444

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 […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.07648726

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 – […]

- island.lk - Category : Breaking News - Relavancy : 0.1338527

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 […]

- news.lk - Category : Breaking News - Relavancy : 3.547618

USNS Brunswick, a Spearhead-Class Expeditionary Fast Transport ship of the U.S. Navy arrived at the port of Trincomalee (08th April 2023).

- island.lk - Category : Breaking News - Relavancy : 0.11473089

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, […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.057365444

[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.16559976

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 […]

- adaderana.lk - Category : Breaking News - Relavancy : 2.9563484

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.

- island.lk - Category : Breaking News - Relavancy : 0.11473089

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. […]

- economynext.com - Category : Breaking News - Relavancy : 0.057365444
- island.lk - Category : Breaking News - Relavancy : 0.15297452

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 […]

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