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Jan 06, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the proposed amendment to the Employees Provident Fund (EPF) Acts to empower the Labor Commissioner to set up a private sector pension scheme for workers not covered by the EPF, has been removed.
The United National Party (UNP) said today the proposed amendments to the Employees Provident Fund (EPF) Act had several loopholes and would enable the government to obtain monies from the...
The United National Party says it has no intention of opposing all Government programmes. UNP Parliamentarian Harsha de Silva however called on the Government not to table the Employment Provident Fund Bill in Parliament.Addressing the media at the Opposition Leader’s Office, he said that the media conference was summoned to intimate to the Government to ...
- Canal developer avoids bill (Category: Australia, Tasmania )
- Climate: Government postpones Environment Bill again (Category: Technology)
- Climate: Government postpones Environment Bill again (Category: Technology)
- Climate: Government postpones Environment Bill again (Category: Technology)
Srilankamirror - The Inter Company Employees’ Union (ICEU) says the government is trying once again to swindle monies in the Employees’ Provident Fund (EPF). The Union notes that the government has found a new way to take the EPF monies after the first attempt by the government
- Unions ask for discussion on EPF Act amendments (Category: Breaking News)
- Pelwatte Sugar Company in crisis after acquisition (Category: Breaking News)
- Govt. misusing EPF monies for its development work says UNP (Category: Breaking News)
- EPF monies in four private banks (Category: Breaking News)
Jan 04, Colombo: Private sector trade unions in Sri Lanka say the government is trying once again to swindle monies in the retirement fund of the private employees, the Employees' Provident Fund (EPF).
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)
), he said there are various issues with regard to the investment of the EPF money in the share market and the d...
- EPF to be summoned before PAC (Category: Breaking News)
- 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)
- EPF monies in four private banks (Category: Breaking News)
Srilankamirror - The Inter Company Employees' Union (ICEU) has called on the government to present the proposed amendments to the Employees' Provident Fund (EPF) Act to the National Labor Advisory Council (NLAC) for discussion and approval by all stakeholders. The ICEU
- Govt. once again trying to swindle EPF monies says TU (Category: Breaking News)
- Govt. withdraws an amendment (Category: Breaking News)
- Pelwatte Sugar Company in crisis after acquisition (Category: Breaking News)
- Protest in Biyagama (Category: Breaking News)
Dec 18, Colombo: Trade unions affiliated to the private sector in Sri Lanka say that the proposed amendments to the Employees' Provident Fund (EPF) Act have not been presented to the National Labor Advisory Council (NLAC) for discussion and approval by all stakeholders.
TUs Call For Amendments To Be Discussed At NLAC By Mandana Ismail Abeywickrema The government says that the proposed amendments to the Employees’ Provident Fund (EPF) Act would be presented to parliament early next year. Labor Minister Gamini Lokuge told The Sunday Leader that the amendments
- People did not demand for constitution amendments - Tissa Attanayake (Category: Breaking News)
- Go for referendum (Category: Breaking News)
- Two bills on amendments to LG polls in P’ment next month (Category: Business)
- UNP MPs Threaten To Quit The Party (Category: Breaking News)
Dec 16, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the government would present amendments to the Employees' Provident Fund (EPF) Act to parliament next year.
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)
Dec 03, Colombo: Deputy Finance Minister of Sri Lanka Gethanjana Gunawardena says that monies in the Employees Provident Fund (EPF), the retirement fund of Sri Lankan workers, have been invested in several private banks.
By Ian The President in his speech at the opening of the Southern Expressway said that this could be the beginning of building a modern society. He also mentioned that had there been such an expressway linking the north with the south the extremists would not have succeeded in capitalising on the mistrust among communities. ...
- "I dont like to use the term 'student supppression' simply because there is no such thing" (Category: Breaking News)
- JVP accuses Govt. of crippling University system (Category: Business)
- Sri Lanka to open new universtities to improve higher education (Category: Breaking News)
- Gota urges educated youth to take country forward (Category: Business)
IMPRUDENT INVESTMENTS CITED By Jayantha Sri NissankaTrade unions charge that the Employees Provident Fund (EPF) has incurred a loss of Rs1000 million investing in the stock market, and through two transactions that took place recently.Inter Company Employees Union Secretary, Janaka Adikara
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 17, Colombo: Private sector trade unions in Sri Lanka have commenced a campaign to create awareness among the public on the alleged misuse of the retirement fund of the country's workforce, Employees' Provident Fund (EPF) monies by the government.
By: R. M. B. Senanayake The EPF has defended their investments in the stock market. But it has missed the point of the criticism leveled by the public. No one is opposing the EPF investing in the stock market. But the EPF should not gamble with the workers money for they are trustees
- UNP says bigger crisis is EPF investments, NSB-TFC deal is peanuts (Category: Business)
- Harsha rebuffs CB’s rosy EPF story (Category: Business)
- EPF reiterates it has followed Investment Policy Guidelines (Category: Business)
- EPF reiterates that it has followed Investment Policy Guidelines (Category: Breaking News)
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).
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.
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)
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