By Saman Indrajith The government was deliberately withholding information about the EPF and ETF from the MPs, National People’s Power (NPP) leader Anura Kumara Dissanayake told Parliament on Friday (06). Earlier, State Minister of Finance, Ranjith Siyambalapitiya had asked for two weeks

By Saman Indrajith President Ranil Wickremesinghe told Parliament yesterday that the government was planning to place the Employees’ Provident Fund (EPF) and the Employees’ Trust Fund (ETF) under a new independent body. The President said part of the EPF and ETF monies

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President Ranil Wickremesinghe suggests that part of the money from the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) should be invested abroad.

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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%.

Speaker Mahinda Yapa Abeywardena told Parliament on Friday thaty he would not revoke his ruling given on Wednesday with regard to the Parliament’s supremacy over the Supreme Court. He said that he had consulted legal experts in preparing his ruling that the Supreme Court is not empowered to issue orders or judgments of any nature against […]

By Saman Indrajith Opposition political parties yesterday (11) demanded that Speaker Mahinda Yapa Abeywardena withdraw his ruling that courts are not empowered to issue orders or judgements of any nature related to a motion already passed by the Parliament. On 09 August, the Speaker gave the ruling after Tourism and Lands Minister Harin Fernando raised a privilege issue on petitions filed against ...

The Supreme Court on Friday (11 Aug) dismissed a Fundamental Rights (FR) petition filed claiming that the government s recent decision to reduce the interest rates paid when investing the funds of the EPF in treasury bills and bonds is a violation of fundamental rights.