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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 ...
- Hike Stalled (Category: Breaking News)
- Yields Move Up (Category: Breaking News)
- Market Expects Rate Hike (Category: Breaking News)
- Rate Status (Category: Business)
Jun 21, Colombo: Responding to a statement made by the rating agency Standard & Poor on the country's private sector retirement fund, Employees' Provident Fund (EPF), the Central Bank Wednesday said that there is no conflict of interest as a result of the EPF investing in shares of banks.
“The demoralising, destructive character of the patriotic degeneracy….” Sebastian Haffner (Germany: Jekyll and Hyde) By Tisaranee Gunasekara It was the Oxford Debacle all over again. The events were drearily predicable. Sri Lanka, like every Commonwealth nation, received an invitation for the Diamond Jubilee celebrations of Queen Elizabeth II. President Rajapaksa, unlike most Commonwealth leaders,...
- Protest stage in London against the arrival of President Rajapaksa (Category: Breaking News)
- President leaves for UK (Category: Breaking News)
- Commonwealth parliamentary session to be held in SL (Category: Breaking News)
- Sri Lanka President Rajapaksa to be guest of honour at CWG closing (Category: Breaking News)
The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition
- EPF’s response to S&P’s Statement (Category: Business)
- Building of the Asian model begins on a disastrous note: 3 lakhs lose their jobs in one year!! ... (Category: Breaking News)
- Sri Lanka Central Bank responds to S&P concerns on private sector retirement fund (Category: Breaking News)
- EPF interest rate increased (Category: Breaking News)
the Employees’ Provident Fund (EPF). Ceylon Grain Elevators PLC, Laugfs Gas PLC ...
- TFC buy against NSB Act: Legal experts (Category: Business)
- NSB Head gives quit notice (Category: Business)
- NSB-TFC deal: CID questions Kariyawasam (Category: Business)
- NSB conspicuous by its silence on allegations over TFC buy (Category: Business)
May 21, Colombo: The Employees' Provident Fund Department of Sri Lanka's Central Bank today rejected the allegations of fraud involving the retirement fund ,Employees' Provident Fund (EPF) made by an opposition legislator in the parliament recently.
- 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 $25,000 for derecho recovery (Category: USA, Iowa)
Avurudhu Rupee Commitments Bear on Exporters The exchange rate (ER) held at the Rs. 130 levels to the US dollar ($) at Wednesday’s, Thursday’s and Friday’s trading as exporters began encashing their $ proceeds to meet their local commitments, a market source told this reporter. “In the event they persisted in holding on to their ...
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- Money Market, ER Management, Full Marks To CBSL (Category: Breaking News)
- Quo Vadis Exchange Rate? (Category: Breaking News)
- PBJ, (Category: Breaking News)
The Employees Provident Fund gets a profit of 800 million rupees. The Employees Provident Fund which possessed 71 million shares of conglomerate John Keells Holdings had been sold at 194 rupees per share, bringing a capital gain to the Fund. These shares have been purchased by Malaysia’s Khazana Nasional Berhard, a sovereign wealth Fund. ...
- Political bunfight over City Hall costs (Category: Australia, Queensland)
- 2.9 mil to asbestos victims (Category: Australia, Tasmania )
- IMF to consider $ 800m loan for Sri Lanka (Category: Breaking News)
- Sri Lanka continued strong economic recovery says IMF (Category: Breaking News)
‘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 ...
- 2024 Election Year; The Perennial Challenge Of Cleaning The Stables For Sri Lanka! (Category: Breaking News)
- Prosecuting Aragalaya Protestors; A Legal Perspective (Category: Breaking News)
- Ranil’s Honeymoon With The ‘Inglorious Illegitimates’ (Category: Breaking News)
- Nihal Sri takes on ‘Expropriation Bill’ (Category: Business)
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 ...
- Whither Lanka? (Category: Breaking News)
- Cabinet gets down to biz! (Category: Business)
- Why Pay For Bumpkins In Opposition With Public Money? (Category: Breaking News)
- Thus spake Wimal Weerawansa (Category: Breaking News)
Fitch Ratings has affirmed Sri Lanka’s Housing Development Finance Corporation Bank’s National Long-Term rating at ‘BBB+(lka)’. The “Outlook” Fitch says is Stable. At the same time, the agency has affirmed the bank’s outstanding senior unsecured redeemable debentures at ‘BBB+(lka)’. The ratings reflect HDFC’s demonstrated ability to contain interest rate risk b...
- Regional Development Bank affirmed at ‘BBB+(lka)’/Stable (Category: Breaking News)
- Fitch Affirms Senkadagala Finance at ‘BBB+(lka)’ (Category: Breaking News)
- Fitch Affirms Pan Asia Banking Corp at ‘BBB(lka)’/Stable (Category: Breaking News)
- Fitch affirms Senkadagala Finance at ‘BBB+’ (Category: Business)
Srilankamirror - Deputy Finance Minister Geetanjana Gunawardena says that monies in the Employees Provident Fund (EPF) have been deposited in several private banks. He has told parliament that EPF monies have not been used to buy shares of any private banks. He has noted that monies
- Govt. once again trying to swindle EPF monies says TU (Category: Breaking News)
- Govt. misusing EPF monies for its development work says UNP (Category: Breaking News)
- Internet bank customers warned of fake websites (Category: Breaking News)
- Oman-Lanka economic ties discussed in Muscat (Category: Breaking News)
Debate on the the 2nd complete UPFA budget since the conclusion of the war in 2009 May, is now on both within the parliament and without. Heavy weights both critical and positive about this budget, have access to media. The debate is about urban middle class life and the Western Province economy. Not much is ...
- Budget bloats! (Category: Business)
- Will Mahinda’s 7th Budget be lucky for Lanka? (Category: Business)
- 2012 Budget on 21 Nov. (Category: Business)
- Appropriation Bill tabled in P’ment; 2012 maximum borrowing at Rs. 1.15 t (Category: Business)
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)
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
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)
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.
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)
Banks’ Profits Up 111% The banking industry achieved a considerably high level of profits in 2010. Profit after tax amounted to Rs. 57.5 billion last year, a 111% growth in comparison to a Rs. 27.2 billion profit in 2009. The significant growth in profitability was mainly attributed to a higher increase in fee-based income, a ...
- Market Expects Rate Hike (Category: Breaking News)
- Ceylinco Insurance announces 65% dividend (Category: Business)
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- JKH forges with solid growth (Category: Business)
President Rajapaksa as Minister of Finance presented the first budget in his second term as the Executive President, making proposals giving a major impetus to value addition of local industrial products, to improve export earnings while granting a wide range of concessions, increasing outsourcing facilities in Sri Lanka for foreign business enterprises. Thus the President, ...
- Sri Lanka’ Dipped Products net up on forex gains (Category: Breaking News)
- Sri Lanka stocks gain with foreign inflows after interim budget announcement (Category: Breaking News)
- Development-oriented budget presented (Category: Breaking News)
- Sri Lanka stocks end at 5-month high after IMF deal announcement (Category: Breaking News)
By Chamitha Kuruppu Reputed Economist and UNP Member of Parliament Dr. Harsha de Silva, while talking about the crony capitalism in the country, warns that the situation is only going to get worse within the new set up, where economic...
- The Cordial Relationships We want Between the Tamil and Sinhalese People have not been Built (Category: Breaking News)
- Sri Lanka President says ‘this is our last chance to forge ahead’ (Category: Breaking News)
- Government to consider restructuring domestic debt (Category: Breaking News)
- Once the Parliament approves IMF agreement, the main points will be passed into law – Sri Lanka ... (Category: Breaking News)
Aug 18, Colombo: Sri Lanka Central Bank (CBSL) today dismissed an opposition party claim that the Employee's Provident Fund (EPF) does not have the authority to invest in banking and financial sector stocks listed on the Colombo Stock Exchange.
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