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Srilankamirror - The government has withdrawn one of the proposed amendments to the EPF Act. The amendment that has been withdrawn is the one to permit the Labor Commissioner to set up a pension scheme for persons not a member of the EPF. Labor Minister of Gamini Lokuge
- Govt. once again trying to swindle EPF monies says TU (Category: Breaking News)
- EPF to be summoned before PAC (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) 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)
The government is to present an amendment to the EPF Act during the next parliamentary session which will commence on the 17th of this month. The amendment to be presented for approval would enable the government to set up an insurance and pension scheme for workers and use EPF funds to construct
- Stock Defence (Category: Business)
- Stock Purchase (Category: Business)
- Electronic Transfer (Category: Business)
- EPF’s response to S&P’s Statement (Category: Business)
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).
A business leader present at yesterday’s unveiling of 2012 and beyond roadmap by the Central Bank remarked that it was a “height of optimism.” A tourism industry representative quipped Governor Cabraal’s statement that 197 hotel projects are in the pipeline wasn't true whilst a capital market player said that Central Bank Chief mischievously gave a ...
The Jathika Sevaka Sangamaya (JSS), a trade union affiliated to the main opposition United National Party (UNP), has threatened union action if salaries of employees attached to the electricity, water and petroleum sectors in the country are not raised. Head of the JSS, UNP MP Dr. Jayalath Jayawardena says the union would be compelled to ...
- Augsburg University staff become first unionized professional staff at a Minnesota private college (Category: USA, Minnesota)
- Augsburg University staff become first unionized professional staff at a Minnesota private college (Category: USA, Minnesota)
- Augsburg University staff become first unionized professional staff at a Minnesota private college (Category: USA, Minnesota)
- krol left message for Cath Hart (Category: Western Australia)
Dinesh tipped to be appointed Chairman; Dheerasinghe as Deputy; business leader Preethi new face on the Board Commercial Bank is slated to have a special Board meeting today, the second in three days, to elect a new Chairman. The move follows the resignation of longstanding Chairman and Board member Mahendra Amarasuriya, as exclusively reported by ...
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
- Eraj steps down, Dharma new Chairman at Bartleet Finance (Category: Business)
- Mahendra resigns as COMBank Chairman; Captains’ buy in (Category: Business)
- Dinesh Weerakkody, new Chairman of the Commercial Bank (Category: Breaking News)
Senior business leader and longstanding Board member Mahendra Amarasuriya yesterday resigned as Chairman of Commercial Bank Plc a move which is likely to evoke mixed reactions in banking and corporate circles. Amarasuriya, a highly respected corporate figure, announced his resignation during a Board meeting of Commercial Bank yesterday, throwing open the mantle of leadership at ...
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
- COMBank to hold special Board meeting today (Category: Business)
- Dinesh youngest to be appointed as Commercial Bank Chairman (Category: Business)
- Dinesh Weerakkody, new Chairman of the Commercial Bank (Category: Breaking News)
The Pathfinder Foundation issued the following response to the IFC opinion piece on its Economic Alert No. 20 titled ‘Improving Sri Lanka’s Business Climate,’ published in the Daily FT: The Pathfinder Foun-dation (PF) is grateful to the International Finance Corporation (IFC) – World Bank (WB) office in Colombo for the substantive comments that it published ...
- Easy Biz (Category: Business)
- Business Skills (Category: Business)
- IFC, NTB help small businesses become more competitive (Category: Business)
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)
Senior business leader Harry Jayawardena-controlled Distilleries Company (DCSL) has triggered the Takeovers and Mergers Code on Aitken Spence Plc, the Daily FT learns. The triggering had taken place late last week when Melstacorp, a subsidiary of DCSL, had bought 62,100 Spence shares at Rs. 110 each. Spence’s number of shares in issue is 406 million ...
- Harry picks up Rs. 336 m more of Spence shares (Category: Business)
- Others secure, Harry misses in scramble for Spence shares (Category: Business)
- Continuous buying pushes net foreign inflow to over Rs. 20 b (Category: Business)
- Harry’s Melstacorp buys 11% more in Spence for Rs. 5 b (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)
With reference to Pathfinder Foundation article titled ‘Improving Sri Lanka’s Business Climate’ published on 21 December, the International Finance Corporation (IFC)Country Manager – Sri Lanka and Maldives Adam Sack has sent the following response: I write with reference to the article above in yesterday’s Daily FT by the Pathfinder Foundation – in which there a...
- Pathfinder responds to IFC (Category: Business)
- Easy Biz (Category: Business)
- Improving Sri Lanka’s business climate (Category: Business)
Most recent Deputy Governor of the Central Bank K.G.D.D. Dheerasinghe has been appointed to the Board of Commercial Bank Plc as a Non Executive Director. The appointment with effect from 20 December was announced by the Commercial Bank yesterday whilst the Daily FT first broke the impending move a week ago. Dheerasinghe retired from the ...
- Excess Liquidity (Category: Business)
- Commercial Trend (Category: Business)
- Sri Lanka lowers lending rates by 50 basis points (Category: Breaking News)
- Sri Lanka's Central Bank issues direction on foreign exchange trading activities (Category: Breaking News)
The Pathfinder Foundation with the assistance of Volunteers for Economic Growth Alliance (VEGA) and USAID, recently commissioned a study to identify the policy and regulatory reforms that are required to make Sri Lanka a leading country in investor friendliness. Improving the business climate is not an end in itself. A better business environment is a ...
- How attractive or unattractive is our business climate to foreign investors? (Category: Business)
- Pathfinder responds to IFC (Category: Business)
- Economic Summit tackles key issues to boost biz, investments (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
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.
Market’s illiquid state compounded by seasonal demand for money, coupled with the lack of confidence in the establishment that is also driving demand for US dollars ($s) and rates as well, forced Central Bank of Sri Lanka (CBSL) to hold a reverse repo auction on Friday (December 16) to tide over the situation Overnight (O/n) ...
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- Rupee Strengthens, But Illiquid Status Worsens (Category: Breaking News)
- Hike Stalled (Category: Breaking News)
- Rates Continue To Rise (Category: Breaking News)
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.
‘O cursed lust of gold\, to what canst thou not compel the heart of man!’ - Virgil Aenid (greed) This column dedicated to the notion of making Sri Lanka the Wonder of Asia turns its spotlight today on the dreadful suffering of Sri Lankans due to the fraudulent activities of persons masquerading as great philanthropists thereby building public ...
- Anne concludes Sri Lanka visit describing herself ‘eyes and ears’ of monarchy (Category: Breaking News)
- Scotch whisky industry unaffected by recession (Category: Business)
- Organiser of “whites only” party in Sri Lanka apologizes (Category: Breaking News)
- People over technology: Finding the right balance (Category: Business)
To better harness the post-war rebound in tourism, The Lighthouse Hotel is to add more rooms. The Company’s Board of Directors last week resolved to expand the hotel by the construction of 15-20 new rooms, a new restaurant, and a new bar with an extension to the spa under the expansion plan of the Company ...
- The Lighthouse Hotel goes for Rs. 430 m expansion (Category: Business)
- Lighthouse Hotel to expand (Category: Business)
- Hotel Expansion (Category: Business)
- Gardiner collects 2% Kandy Hotels stake from foreign fund (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)
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.
From early in-house management training to training in world class management schools that professionals, business leaders, academics and civil society leaders have undergone, they have learnt of the key management principle of engaging in quiet reflection, reality checks, risk mitigation assessments and the need to plan lessons learnt response action. These practices are considered essential ...
- Economic management and the way forward (Category: Business)
- Chandra J. writes to SEC Chairman on NSB-TFC ransaction (Category: Business)
- Budget 2012: Issues for civil society intellectual debate (Category: Business)
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)
The Brokers are said to meet with the President on Monday the 28th. Wish them luck though some of them should be saying “mea culpa”. The euphoria after the war led the brokers and the financial journalists to create too much expectation. So the Colombo stock market rose by 96% in 2010 as indicated by ...
- Don’t judge EPF investments in Bourse too harshly (Category: Business)
- How should investors respond to the current market (Category: Breaking News)
- Debt Driven Bubble Threatens Market Stability (Category: Breaking News)
- Sebi bans FIIs, brokers for GDR manipulation (Category: Business)
Professionals stressed the importance of attracting foreign direct investment (FDI) into the country to usher in much needed development and also to help in foreign debt servicing and to take away pressure on interest rates. Former Central Bank of Sri Lanka Director Statistics Dr. (Mrs.) Anila Dias Bandaranaike speaking at a CIMA sponsored budget seminar ...
- Get Ready For More Taxes (Category: Breaking News)
- Flexible exchange rates and impact on exporters (Category: Business)
- More Price Increases In The Offing Economist Warns (Category: Breaking News)
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)
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