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EPF and stock market I was sad to see in the FT that EPF has begun to purchase stocks in the market again. Is it to give the market a boost or is it to fatten someone’s pocket again, as some people claim? It was not very long ago that the fund made so much ...
ASI gains by 5% as Bourse’s value swells by Rs. 96 b Brokers positive after fresh meeting with SEC EPF, private institutional and high networth investors active on attractive valuations The Colombo stock market yesterday produced a major rebound gaining by 5% thanks what some described
The Sri Lankan economy is dragged out – the country is over-borrowing, underperforming and leading into a debt crunch, claims United National Party Colombo District Parliamentarian Ravi Karunanayake. Karunanayake accuses the Rajapaksa administration of damaging the country’s social fabric, which he says is Sri Lanka’s biggest asset. Following are excerpts of an interview: Q: What...
Srilankamirror - The UNP has accused the government of using the monies from the Employees Provident Fund (EPF) to carry out its development agenda. UNP parliamentarian and head of the JSS, Dr. Jayalath Jayawardena has said that EPF monies were being excessively used to construct a 35-story
Jan 26, Colombo: A legislator of Sri Lanka's main opposition United National Party (UNP) has accused the government of using the monies from the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector, to carry out development
To focus on skills development, trade, investment, sustainable development and business excellence to sustain GDP growth rate of 8%Following is the address delivered by National Chamber of Commerce of Sri Lanka President Asoka Hettigoda at the NCCSL’s 53rd Annual General Meeting Ayubowan, good evening. Let me extend a warm welcome to all of you to ...
The Auditor Generals’ Department will table in Parliament today (Friday) the 2009 and 2010 audit reports of the Employees Provident Fund (EPF), Auditor General H. A. S. Samaraweera told TimesOnline. He said the department has completed the scrutinizing accounts of 210 corporations, statuary
Parliament passed the Employees Provident Fund Amendment bill with a 59-vote majority at a ballot today (Jan. 18).
The Employees Provident Fund (Amendment) Bill was passed with a majority of 59 votes in Parliament ..
(Srilankamirror) - Parliament passed the Employees Provident Fund Amendment bill with a 59-vote majority at a ballot today (Jan. 18). The bill makes provisions for the setting up of a pension or insurance fund for EPF members. It was tabled by leader of the House Nimal Siripala de Silva
The Employee’s Provident Fund (Amendment) Bill was passed in Parliament today with 71 voting for and 12 against it. The UNP , DNA and TNA voted against the Bill. The amendments to the Act will enable EPF members to withdraw 30 percent of the amount in their Fund if they have contributed
Jan 18, Colombo: The Sri Lankan parliament today passed an amendment bill that would affect the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector.
The Employees Provident Fund (Amendment) Bill has been passed in Parliament. 71 voted for and 21 against the Bill. Joining in the debate, Minister Gamini Lokuge said that those who serve in many institutions have various EPF numbers. As such they proposed to use the National Identity Card
The Employee Provident Fund (EPF) amendment bill was passed in parliament, 71 voted for and 12 against the bill
The Employees Provident Fund (EPF) Amendment Bill was passed in Parliament today with a majority of 59 votes. 71 MPs voted in favor of the amendment bill while 12 voted against it.
The Employees Provident Fund (EPF) Amendment Bill was presented in Parliament a short while ago by the Leader of the House Nimal Siripala De Silva. The debate over the bill has commenced.
The controversial Employees Provident Fund (EPF) Amendment Bill will be presented in Parliament at 1pm today. Minister of Labour and Labour Relations Gamini Lokuge today said the government had removed the two clauses in the Employees Provident Fund (EPF) (Amendment) Bill which provides
The United National Party (UNP) yesterday submitted a request to the Committee on Public Accounts (COPA) to urgently summon all officials of the Central Bank and Labour Ministry to answer questions on the management and performance of Employees Provident Fund (EPF). This request was officially
(EPF) that will be presented in Parliament today, ...
The controversial Employees Provident Fund (EPF) Amendment Bill will be presented to Parliament on 18 January. Minister of Labour and Labour Relations Gamini Lokuge points out that there are no hidden agendas behind the bill and it was unanimously agreed during the tripartite meeting to go ahead
THE proposed amendments to the Employees Provident Fund (EPF) have created a much-needed discussion forum on pension funds and their benefits, while also bringing several crucial points into the limelight. Experts have pointed out that if the Government is genuinely keen on maximising returns
‘A ruler with a depleted treasury eats into the very vitality of the citizens and the country. A ruler, who impoverishes his own people or angers them by unjust exactions will also lose their loyalty Impoverishment, greed and dissatisfaction are engendered among the subjects, when the ruler among other things (i) fails to give what ought ...
Jan 15, Colombo: Sri Lanka's main opposition United National Party (UNP) and Marxist party Janatha Vimukthi Peramuna (JVP) have expressed concerns over the proposed amendments to the Employees' Provident Fund (EPF) Act.
Srilankamirror - UNP MP Dr. Harsha de Silva says the Employees’ Provident Fund (EPF) would be summoned before the Public Accounts Committee (PAC) in parliament to explain its accounts. He told Sri Lanka Mirror that the EPF has failed to submit the audited reports for 2010
Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...
The commercial Bank of Ceylon recently presented its latest facility for paying Employees’ Provident Fund (EPF) dues via ‘Paymaster,’ the bank’s the innovative electronic total payment solution, to a representative audience from the corporate sector
If the Governor of Central Bank has an urge to enter politics, he should come to Parliament without playing politics inside the CB, charges United National Party Parliamentarian and well-known Economist Dr. Harsha de Silva. Dr. de Silva notes that Governor Nivard Cabraal should respect the sanctity of the Central Bank and therefore if Cabraal ...
Jan 09, Colombo: Sri Lankas main opposition United National Party (UNP) has called on the government to submit the audit reports of the Employees' Provident Fund (EPF) to parliament.
The UNP yesterday demanded that the annual accounts of the Employment Provident Fund for 2010 be imm..