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COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
COLOMBO (News1st): An opposition lawmaker has criticized plans to extend the compulsory retirement age of employees, citing it as an effort to delay payments under a savings scheme in the country. Under the Employees Provident Fund (EPF) – a social security scheme introduced in 1958 –
Around 96 percent of the government s total borrowing requirement via Treasury bonds in 2011 came fr..
2014 T Bond Yield Goes Below One Year T Bill Rate In Secondary Market The rupee further strengthened at Friday’s (September 21) trading due to a mix of sluggish import demand and possible foreign investment in the Government Bond market, a source told this newspaper. As a result, the exchange rate (ER) strengthened by 25 ...
Sept 20, Colombo: Sujeewa Senasinghe, a parliamentarian of Sri Lanka's main opposition United National Party (UNP) today lodged a complaint with the Commission to Investigate Allegations of Bribery or Corruption against the investment of Employees' Provident Fund (EPF) and Employees' Trust Fund
The Opposition yesterday charged in Parliament that the Government was deliberately evading questions on the Employees Provident Fund (EPF) due to “shady investments” after the issue was postponed for a fifth time. United National Party (UNP) MP Dr. Harsha de Silva told the Daily FT
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
Amidst a number of questionable investments in the Colombo Stock Exchange, the Employee s Provident ..
The National Chamber of Commerce of Sri Lanka will hold a half day Seminar on EPF/ETF and Employee Benefits on Tuesday 18 September from 1.30p.m to 5.30p.m at the NCCSL Auditorium, 450 D.R. Wijewardene Mawatha, Colombo 10. The objective of this seminar is to explain the benefits
I am very disturbed by what I have read in your paper and in the independent media about what is going on in the stock market. Scandals and many unwanted deals have happened in the recent past. To name a few the Greek bonds loss, NSB being forced to buy a stake in bankrupt The Finance ...
By Cassandra Mascarenhas The Government eServices project spearheaded by the ICT Agency of Sri Lanka celebrated a landmark achievement last evening, launching 22 important eGovernment services, further strengthening the country’s Government sector by making public services easily accessible to the citizens of Sri Lanka via the internet and mobile communication systems. Presidential Secretary...
UNP MP Dr. Harsha de Silva yesterday issued the following statement on the new appointments to the Securities and Exchange Commission (SEC): Is the Government’s message to go ahead and engage in fraud at the CSE without worrying about getting caught? If the Minister of Finance was genuinely concerned in re-establishing a fair and equitable ...
The rebound in the Colombo stock market gathered further momentum yesterday, with retailers remaining and those with improved sentiments reinvesting gains from mid-day profit taking. The latter was evident as the market originally rose sharply with ASI up 0.8% and MPI by 1.1% and thereafter slowed down before gaining upwards once again. Throughout the day, ...
Commissioners given freedom to decide future course with regard to DG post Dr. Jayasundera says top professionals picked to give leadership to a sound capital market growth Priyantha and Sujeewa served as Commissioners under Indrani Sugathadasa as well Opposition and certain market segments decry choice of men given their conflicting roles By Nisthar Cassim Likely ...
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 ...
Keheliya says Finance Ministry could probe SEC Chief’s claims; Harsha wants action By Uditha Jayasinghe In the wake of Securities and Exchange Commission Chairman Tilak Karunaratne resigning, the Government yesterday said that it would consider the possibility of introducing legislation to curb white collar crimes. Responding to questions at the weekly Cabinet briefing, Media Minister ...
By Lakmal Sooriyagoda Several leading private and State institutions have defaulted in the payment of Rs. 1.22 billion owed to their employees, according to Labour Department sources. The department has filed more than 3,600 Court cases against the employers who had violated regulations that come under the Budgetary Relief Allowances Act, Employees’ Provident Fund Act, ...
UNP MP Dr. Harsha de Silva yesterday admitted that so far no investigations had commenced by SEC with regard to EPF’s investments in the stock market. “The UNP has proposed a Parliamentary Select Committee to investigate EPF dealings in the stock market,” he said in response
Point of view By a market participant The investors were compelled to wait nearly 17 years to reap the benefit of a real bull run in 2009 after the elimination of the LTTE terrorism and how the SEC destroyed it within a one-and-a-half year period due to ill conceived, irresponsible decisions is well known and ...
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).
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...