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Nov 02, Colombo: Sri Lanka's monetary authority, Central Bank says the retirement fund of the country's workforce, Employees' Provident Fund (EPF) is focused on providing long term growth and advised the millions of stakeholders of the fund not to be misled by 'vituperative and negative
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Empty Stocking Fund brings in more than double its goal (Category: USA, New Mexico)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
The Employees Provident Fund has defended its recent investment moves where it purchased shares of various listed firms through the Colombo Stock Exchange and also made investments in some unlisted firms. EPF says these investments are essential in an era where interest rates are likely to decline
- Should the EPF gamble with public money by investing on junk Stocks (Category: Breaking News)
- EPF reiterates that it has followed Investment Policy Guidelines (Category: Breaking News)
- Sri Lanka’s EPF says, an opposition MP is trying to destabilize the economy (Category: Breaking News)
- Indian investors make a beeline for SriLanka (Category: Breaking News)
Oct 30, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says there is no problem in Employees Provident Fund (EPF) monies being invested in the Colombo Stock Exchange (CSE).
(Lanka-e-News -29.Oct.2011, 3.30AM) The President of the inter Companies workers Association , Vasantha Samarasinghe addressing a media briefing at the Nippon Hotel on the 27th....
Oct 28, Colombo: Sri Lanka's Marxist party Janatha Vimukthi Peramuna (JVP) affiliated Inter Company Employees' Union (ICEU) says that authorities were swindling monies of the working masses in the Employees' Provident Fund (EPF).
The main opposition in Sri Lanka has accused the government of making "secret deals" in the stock market forcing the market to collapse. The United National Party (UNP) said the employees' provident fund (EPF) lost nearly SLR 30 million ($270,000) as a result of such deals in the marker
UNP parliamentarian Dr. Harsha de Silva said that the Employees Provident Fund (EPF) that functions under the Central Bank has incurred a Rs. 270 million loss last week since the Fund had not followed the proper investment procedures.
Commonwealth Games’ Bid The ethics of Government of Sri Lanka’s (GoSL’s) decision to request public banks to make a contribution to strengthen GoSL’s bid to hold the Commonwealth Games in Hambantota in 2018 are being questioned by certain quarters. One banker told this reporter that as banks are custodians of depositors’ funds, it’s not right ...
- Sri Lanka may bid for the 2022 Commonwealth Games - official (Category: Breaking News)
- Quid Pro Quo (Category: Breaking News)
- Games-Sri Lanka urges CGF to look to emerging nations (Category: Breaking News)
- Games Advice (Category: Business)
Central Bank Governor Ajith Nivard Cabral has said that they had no intention of vesting the Employees Provident in another party. He was speaking at the relocation of the EPF Department at a new venue. The Employees Provident Fund Department has been relocated in the Lloyds Building at Sir Baron
Employees Provident Fund has purchased 33 million ordinary voting shares of the Laugfs Gas PLC from Laugfs Holdings Limited. The transaction took place today and a share has been sold at Rs. 48. Consequent to this sale, Laugfs Holdings owned 260,000,000 million shares (260 Mln shares) of Laugfs Gas PLC. However, following the transaction, the share amount held ...
- Laugfs Gas IPO surpasses expectations (Category: Breaking News)
- Laugfs Rs. 2.5bn offer for subscription (Category: Breaking News)
- Laugfs gas has last laugh at EPF? (Category: Business)
- Laugfs request price hike (Category: Breaking News)
Sri Lanka’s Employees Provident Fund’s asset value is expected to reach the Rs. 1 trillion mark during this year, announced the Central Bank. The Bank says as of 31st of August this year the total assets of the EPF have grown up to Rs 976 billion. According to the Central Bank this is an annual
- Should the EPF gamble with public money by investing on junk Stocks (Category: Breaking News)
- EPF value increases (Category: Breaking News)
- EPF incurs losses from investments (Category: Breaking News)
- Employees’ Provident Fund (Category: Breaking News)
As at 31 August 2011, the value of total assets of the Employees’ Provident Fund (EPF) reached Rs. 976 billion, recording an annual growth of 14.6%. With this growth, the EPF is expected to reach the total assets value of Rs.1 trillion by end of 2011.
Management inefficiency has led to the Employees Provident Fund (EPF) failing to collect as much as Rs.666 million in terms of contributions and surcharges from employers in 2009,
The UNP says payment of salaries to employees of a state institution has been delayed while benefit payments have been delayed since 2007. UNP parliamentarian Dayasiri Jayasekera has said while salaries of employees at Salu Sala have been delayed, their Employees’ Provident Fund (EPF) and Employees
- Sri Lanka opposition points out delay in payment of salaries to Salu Sala employees (Category: Breaking News)
- ICC pays 45% dues of Lankan cricketers (Category: Breaking News)
- Ports Authority has excess of 2000 employees (Category: Breaking News)
- Private sector salary increases discussed (Category: Breaking News)
Trade unions affiliated to Samurdhi have warned of trade union action if Economic Development Minister Basil Rajapaksa fails to address the grievances of the Samurdhi employees. They have expressed concern over the job security of Samurdhi employees following the government’s decision to bring the Samurdhi Authority and a few other state institutions under the proposed ...
- Sri Lanka Samurdhi officers' union asks for a non-contributory pension scheme (Category: Breaking News)
- Samurdhi trade unions in Sri Lanka warn of union action if Minister fails to address grievances (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- April public sector salaries to be paid before 10 (Category: Breaking News)
The UNP affiliated Jathika Sevaka Sangamaya (JSS) has accused the Transport Ministry of trying to use billions of rupees of the SLTB employees’ EPF and ETF funds to purchase new buses. The JSS says the Ministry is trying to spend Rs 1.9 billion from EPF and ETF funds to purchase 500 new buses. Head of ...
- Employees' funds being used to buy buses, Sri Lanka trade union alleges (Category: Breaking News)
- Separate funds for Private Pension (Category: Breaking News)
- PB: Will Amend EPF And ETF Acts (Category: Breaking News)
- UNP wants EPF & ETF fund investment details revealed (Category: Breaking News)
Aug 20, Colombo: The trade union affiliated to main opposition United National Party (UNP), the Jathika Sevaka Sangamaya (JSS) has accused the Transport Ministry of trying to use billions of rupees of the Sri Lanka Transport Board employees' EPF and ETF funds to purchase new buses.
Aug 11, Colombo: The Employee's Provident Fund (EPF) of Sri Lanka has come to an agreement with the Commercial Bank to speed up the fund's services.
June 08, Colombo: Sri Lanka Opposition and main opposition United National Party (UNP) Leader Ranil ..
June 08, Colombo: Sri Lanka Opposition Leader Ranil Wickremasinghe has said the government was trying to legalize pilfering monies from the EPF and ETF accounts.
UNP Leader Ranil Wickremasinghe today alleged that government is using the EPF and ETF funds to pay off government debt. He added that the government has shamelessly robbed the people of their hard earned money. .
- President tells one story to India, another to us, says Sri Lanka Kandy District Parliamentaria... (Category: Breaking News)
- NGO's to work against SriLanka at UNHRC (Category: Breaking News)
- Analysis: Will web 'snoop' plans work? (Category: Technology)
- This Week in Government: Board of County Commissioners discuss replacing senator for SD48 (Category: USA, Montana)
The government has decided to amend the Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) Acts. Treasury Secretary Dr. P.B. Jayasundera has said the EPF and ETF Acts would be amended to make provision for the proposed pension scheme for the private sector. The Finance Ministry
- Sri Lankan government to amend EPF and ETF Acts amidst trade union concerns (Category: Breaking News)
- EPF and ETF tangled up! (Category: Business)
- Seminar on EPF/ETF and employee benefits (Category: Business)
- Separate funds for Private Pension (Category: Breaking News)
May 28, Colombo: Amidst concerns raised by trade unions in Sri Lanka, the government has decided to amend the Employees' Provident Fund (EPF) and Employees' Trust Fund (ETF) Acts.
Finance Secretary Dr. P.B. Jayasundera has emphasized that under the proposed pension scheme for the private sector, pensions will be granted in addition to the Employees Provident Fund and the Employees Trust Fund. Dr. Jayasundera said a Pensions Fund would exist, in addition to the Employees Provident Fund, the Employees Trust Fund and the Gratuity. ...
- New Employees' Pension Fund to be established (Category: Breaking News)
- EPF office is declared open in Jaffna (Category: Breaking News)
- PB: Will Amend EPF And ETF Acts (Category: Breaking News)
- Three funds for pensions (Category: Breaking News)
The Government is under strong criticism instead of praise due to the baseless and false campaign mooted by the opposition with regard to the proposed pension scheme. This was stated by Minister Basil Rajapaksa. The Minister pointed out that the private sector employees will not lose their Employees Provident Fund, Employees Trust Fund and even ...
- Wash. bill would end state's 'retire-rehire' policy (Category: USA, Washington)
- Government pension for all (Category: Breaking News)
- Sri Lanka government postpones parliamentary debates on private sector pension schemes (Category: Breaking News)
- Employees Pension Fund to be established (Category: Breaking News)
deductions for EPF will be continuously credited to ...
- Now, govt. mulls social security system as in US (Category: Breaking News)
- Sri Lanka government streamlines pensions of the public servants with IT (Category: Breaking News)
- “Make pension scheme similar to MP’s” (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
The UNP has said the government should contribute monies to the proposed private pension fund without utilizing the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) funds. UNP National Organizer and parliamentarian Ravi Karunanayake told the media that instead of contributing monies
- Govt. trying to steal from EPF: UNP (Category: Breaking News)
- Main opposition of Sri Lanka calls on the government to contribute monies to proposed private se... (Category: Breaking News)
- Private sector trade unions of Sri Lanka accuse government of trying to swindle EPF monies again (Category: Breaking News)
- Private sector trade unions in Sri Lanka to campaign against alleged misuse of EPF monies (Category: Breaking News)
May 23, Colombo: Sri Lanka's main opposition United National Party (UNP) has said the government should contribute monies to the proposed private pension fund without utilizing the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) funds.
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Empty Stocking Fund brings in more than double its goal (Category: USA, New Mexico)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
- Eastern Iowa McDonald's owner gives $25,000 for derecho recovery (Category: USA, Iowa)
Trade unions have decided to lodge complaint with the International Labor Organization (ILO) about the government’s proposed pension scheme for the private sector. Private sector unions have objected to the proposed pension scheme stating it was not beneficial to the private sector workers and that the government was using the workers’ funds to set up ...
- Sri Lankan government to present private sector pension bill in parliament next month (Category: Breaking News)
- Garment employees excluded from Pension Scheme (Category: Breaking News)
- Sri Lanka Trade unions to protest outside the Labor Secretariat against proposed pension scheme (Category: Breaking News)
- More trade unions in Sri Lanka oppose proposed pension scheme (Category: Breaking News)
More To Exit following UN Report The stock market continued to lose its momentum as predicted in the lead story on these pages in its last week’s edition, compounded by foreigners fleeing the market, made worse by the UN’s negative war report on the island. “There is panic selling by foreigners in the backdrop of ...
- Broker Credit Drives Up Market (Category: Breaking News)
- Mafia Manipulates Bourse (Category: Breaking News)
- Milanka Index turns positive after 17 months (Category: Business)
- Stock market struggles on 2012 debut (Category: Business)
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