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By Shamindra Ferdinando The International Monetary Fund (IMF) owed an explanation as regards the recent government declaration that domestic debt restructuring was part of the programme implemented in terms of Sri Lanka’s agreement with the lending agency, top Opposition spokesperson Prof. G.L. Pieris, MP said yesterday (10). Having repeatedly assured that domestic debt wouldn’t be […]
Wednesday 5th April, 2023 There have been substantial reductions in fuel prices, and they will go a long way towards tackling inflation. The economy is said to be showing some signs of recovery, but more trouble is apparently brewing for the hapless Sri Lankans, who are struggling to keep the wolf from the door. Now, […]
[…]The post Can Sri Lanka Drive Itself From Bankruptcy To Prosperity In 2023? appeared first on Colombo Telegraph.
Speech made November 22 I have consistently recorded my opposition to Minister of Finance being the President. From 2010 onwards in this House, whenever the President in his capacity as Minister of Finance has presented a budget I have recorded that protest and I wish to record that today as well. When a person who […]
The Employees Provident Fund (EPF), the largest social security scheme in Sri Lanka, has suffered massive losses due to the investments made in listed and unlisted companies, a new report compiled by the Auditor General s Department revealed.
Fear of a DDR/IFR event drive rates even higher
[…]The post JR & Expert Advice: Failing To Implement Goh Keng Swee Report Of 1980 appeared first on Colombo Telegraph.
Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power
[…]The post Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance appeared first on Colombo Telegraph.
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
[…] The post Extension Of Retirement Age Is Desirable But Wider Social Security Issues Must Be Addressed appeared first on Colombo Telegraph.
[…] The post The Right Way To Do The Eastern Container Project appeared first on Colombo Telegraph.
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
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 ...
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).
Aug 12, Colombo: The private sector trade union in Sri Lanka, the Inter Company Employees' Union (ICEU) says the government is once again attempting to introduce a private sector pension scheme to pilfer the monies in the private sector retirement fund, Employees' Provident Fund (EPF).
Aug 10, Colombo: Attorney General of Sri Lanka has informed the Supreme Court yesterday that the opposition United National Party (UNP) parliamentarian Mangala Samaraweera has not deposited the Employees' Provident Fund (EPF) monies for the journalists and other staff of the website office
Aug 05, Colombo: Several trade unions in Sri Lanka are to meet tomorrow to decide on the action to be taken against the alleged misuse of Employment Provident Fund (EPF) monies.
Jun 28, Colombo: Sri Lanka's main opposition United National Party (UNP) says that the private sector pension fund, the Employees' Provident Fund (EPF) has lost over Rs. 12 billion in its investments in the Colombo Stock Exchange.
Jun 27, Colombo: Sri Lanka's private sector retirement instrument, the Employees' Provident Fund (EPF) has welcomed the clarification made by Standard and Poor's (S&P) today that there was no information of any specific incidences occurring of a potential conflict of interest due to the Central
Hambantota is claimed to be an ‘emerging hub’ of various sorts – shipping, aviation, tourism, industrialisation, cultural and international sports of various kinds. An unfortunate feature appears to be that in recent years it is emerging to be an epicentre of domestic political crime. A harbinger to this regrettable development was on the eve of ...
Jun 22, Colombo: Sri Lanka's Opposition Leader Ranil Wickremasinghe has asked the government to disclose the present position of investments made by the country's private sector retirement funds, Employees Provident Fund (EPF) and Employees Trust Fund (ETF).
Calls for Govt. to table details of investments in listed securities from January 2010 to April 2012 Says the two funds and Central Bank come under Finance Ministry and accountable to Parliament In a strong move, Opposition Leader Ranil Wickremesinghe yesterday urged the Government to table in Parliament full details of all investments in listed ...
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.
Positive macro news and rumoured overhauling of SEC among other State entities trigger buying spree; some analysts insist rebound is due to attractive pricingThe Colombo Bourse on Friday shot up by over 100 points before losing some momentum, with the earlier development being linked by some analysts to positive macro news and a rumoured overhauling ...
, Employees Provident Fund (EPF).
Jun 12, Colombo: A parliamentary committee appointed by the leader of Sri Lanka's main opposition United National Party to inquire into the widespread allegations of irregularities in managing the private sector retirement fund, Employees' Provident Fund (EPF), is to hand over its report next week
“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,...