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The UNP has said the government should contribute monies to the proposed private pension fund without utilizing the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) funds. UNP National Organizer and parliamentarian Ravi Karunanayake told the media that instead of contributing monies
- Govt. trying to steal from EPF: UNP (Category: Breaking News)
- Main opposition of Sri Lanka calls on the government to contribute monies to proposed private se... (Category: Breaking News)
- Private sector trade unions of Sri Lanka accuse government of trying to swindle EPF monies again (Category: Breaking News)
- Private sector trade unions in Sri Lanka to campaign against alleged misuse of EPF monies (Category: Breaking News)
May 23, Colombo: Sri Lanka's main opposition United National Party (UNP) has said the government should contribute monies to the proposed private pension fund without utilizing the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) funds.
- 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)
Trade unions have decided to lodge complaint with the International Labor Organization (ILO) about the government’s proposed pension scheme for the private sector. Private sector unions have objected to the proposed pension scheme stating it was not beneficial to the private sector workers and that the government was using the workers’ funds to set up ...
- Sri Lankan government to present private sector pension bill in parliament next month (Category: Breaking News)
- Garment employees excluded from Pension Scheme (Category: Breaking News)
- Sri Lanka Trade unions to protest outside the Labor Secretariat against proposed pension scheme (Category: Breaking News)
- More trade unions in Sri Lanka oppose proposed pension scheme (Category: Breaking News)
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)
President Mahinda Rajapaksa said that the government has decided to create three separate funds to accommodate the proposed controversial Private Pension Scheme instead of obtaining funds from ETF, EPF and Gratuity. Accordingly, three separate funds, The Employees’ Pensions Benefit Fund
- Three funds for pensions (Category: Breaking News)
- Treasury to use part of IMF s first tranche to pay public sector salaries? (Category: Breaking News)
- Main opposition of Sri Lanka calls on the government to contribute monies to proposed private se... (Category: Breaking News)
- Sri Lanka Opposition Leader asks government to reveal investments made by the private sector ret... (Category: Breaking News)
President Mahinda Rajapaksa said that the government has decided to create three separate funds to accommodate the proposed controversial Private Pension Scheme instead of obtaining funds from ETF, EPF and...
Several trade unions are to hold a conference on Tuesday (26) to create awareness among the people about the ill effects of the government’s proposed private sector pension scheme. Ceylon Teachers’ Union (CTU) head, Joseph Stalin told Colombo Page that the union together with several others have organized a conference on Tuesday morning at the ...
- Now, govt. mulls social security system as in US (Category: Breaking News)
- Will shut down Labour ministry - ICEU (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- Pension scheme for private sector (Category: Breaking News)
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)
By Dr.Vickramabahu Karunaratne We are happy to see that this May Day has become a day to challenge the Oppression of Mahinda state. Many strong trade unions have come together to challenge the chauvinist pro global capitalist government. Government is...
- Mom juggles stress, challenges of making home a classroom (Category: USA, North Dakota)
- Mom juggles stress, challenges of making home a classroom (Category: USA, North Dakota)
- Time to move on railyards site (Category: Australia, Tasmania )
- Stop living like parasites, Kiriella tells govt. MPs (Category: Breaking News)
A political expert contacted for an explanation on how the Bill to establish a private sector Employees’ Pension Scheme could go through parliament so urgently. He insisted no “Urgent Bill” could be brought up for debate in parliament without first being presented in the Supreme Courts. This insistence took our mind back to an anecdote ...
- SC: Pension Scheme In Accordance With Constitution (Category: Breaking News)
- Sumanthiran At His Best (Category: Breaking News)
- Expropriation Bill: Govt. intentions not bona-fide (Category: Business)
of the Yugadhanavi plant were the Treasury, the EPF, ...
- Full capacity at Sri Lanka thermal power plant restored (Category: Breaking News)
- Chinese company accused over incidents at Norochcholai (Category: Breaking News)
- Sri Lanka Engineers install Hydro Power plant in Uganda (Category: Breaking News)
- Power cuts out from today (Category: Breaking News)
were the Treasury, the EPF, Lanka ...
- CPC Suspends Fuel Supplies To Power Plant (Category: Breaking News)
- Sri Lanka's CPC suspends supply of heavy fuel to power plant due to outstanding dues (Category: Breaking News)
- CPC suffering losses due to finanical mismanagement (Category: Breaking News)
- CPC suspends heavy fuel supply to Yugadanavi Power Plant (Category: Breaking News)
Samurdhi officers’ trade unions have rejected the contributory pension scheme for public sector employees and has agreed to a non-contributory scheme. The government has proposed a contributory pension scheme to public sector employees who were not eligible to receive pensions. The Samurdhi Development Officers Union (SDOU) has told the media that the Samurdhi officers were ...
- Sri Lanka Samurdhi officers' union asks for a non-contributory pension scheme (Category: Breaking News)
- Sri Lanka to launch pension schemes for all employees from May 01 (Category: Breaking News)
- SAMURDHI FOR THE NORTH AND EAST AS WELL (Category: Breaking News)
- Government’s target is to make Samurdhi recipients prosperous (Category: Breaking News)
The gross income of the Employees Provident Fund was Rs.121.3 billion, which is 10.6 percent higher compared to that of the preceding year. By the year 2010, the total value of the Fund has reached Rs.900 billion registering a growth of 16.9 per cent over that of 2009 reveals Central Bank reports.
The Inter Company Employees Union (ICEU) has called on the government to establish a pension scheme for the private sector employees. ICEU Head Wasantha Samarasinghe told a press conference that the union is to also take the matter to the International Labour Organization (ILO) and the World Trade Union Federation (WTUF). According to Samarasinghe, the ...
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- Teargas used to disperse protestors (Category: Breaking News)
- Sri Lanka's private sector trade union to discuss proposed pension scheme with employees and oth... (Category: Breaking News)
- Sri Lanka private sector trade unions threaten to continue protests against proposed pension sch... (Category: Breaking News)
The total value of the Employees Provident Fund has risen to 900 Billion Rupees. The Central Bank said this was the highest value of the Fund. This surge is attributed to the generation of more new jobs and a hike in the salaries of the Private Sector. The value of the Employees Provident Fund in ...
- Sri Lanka government relieves Central Cultural Fund from VAT due (Category: Breaking News)
- Employees’ Provident Fund (Category: Breaking News)
- 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)
Feb 12, Colombo: Private sector trade unions in Sri Lanka have opposed the government's move to introduce amendments to the Employees' Provident Fund (EPF) Act.
Government presented a bill seeking provision for employees to withdraw 30 percent of EPF (Employee Provident Fund) fund for housing and medical treatment
No Investments With the market throwing up an excess liquidity of more than Rs. 120 billion day, day in day out, and signs being that investments have not picked up, are all favourable indicators for the prevalence of a low interest regime in the economy, a market source told this reporter. The market has no ...
- Debutant duo delights (Category: Business)
- Asia Asset Finance soars on debut (Category: Business)
- Retailers keep bourse active (Category: Business)
- Stock market turnover dips to over 3 year low (Category: Business)
The total value of the Employees Provident Fund has increased. The Central Bank attributed this to the many new jobs generated. The current asset base of the EPF has risen to 900 Billion Rupees. The Central Bank said it is the highest value achieved by the EPF. The generation of many jobs
- 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)
- Rs. 1 trillion richness for EPF (Category: Business)
- Sri Lanka Central Bank responds to S&P concerns on private sector retirement fund (Category: Breaking News)
The Employees Provident Fund(EPF) asset base crossed the Rs 900 billion mark for the first time in its history, Central Bank Governor Ajith Nivard Cabraal said. According to the CB Governor, the emergence of new employment opportunities in recent times and the increase of salaries in the private
Excess Liquidity, Small Forex Market Excess liquidity coupled with low volumes of foreign exchange traded have been continuing to bug markets here, which a source attributed as being are reflection of the low levels of economic activity taking place in the country. Despite a spike last Friday, the foreign exchange (forex) market has been averaging ...
- Liquidity, Reserves, Grant Space (Category: Breaking News)
- Money Market’s Illiquid Status Deepens (Category: Breaking News)
- ER Holds At Rs. 130 (Category: Breaking News)
- Liquidity Dries Up (Category: Breaking News)
The “drag down” of the bourse which began a couple of weeks ago will continue till the year end because of the holiday season that would lead to a further contraction in demand as a result. The “light at the end of the tunnel” may once more be seen if foreigners re-enter the market, a ...
- Foreign, Local Interest In Bourse (Category: Breaking News)
- Market Sentiment Weak (Category: Breaking News)
- Why Foreigners Shun Bourse (Category: Breaking News)
- Bourse rises to 2-month high on foreign buying (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)
Government institutions such as the State administered EPF are believed to have had entered the market on Thursday by buying into blue chips across the board, thereby helping to push up the All Share Price Index (ASPI) by 92.58 points (1.43%) to 6,565 and the more sensitive Milanka Price Index (MPI
- Stock Begining (Category: Business)
- Foreign, Local Interest In Bourse (Category: Breaking News)
- New Broker (Category: Business)
- Colombo Bourse third best in the world (Category: Breaking News)
Sri Lanka`s private sector trade union arm, Inter Company Employees` Union (ICEU) held protests toda..
Nov 15, Colombo: Sri Lanka's private sector trade union arm, Inter Company Employees' Union (ICEU) held protests today outside several private institutions against the proposed amendments to the Employees Provident Fund (EPF) and Employees' Trust Fund (ETF) Act.
- 'This is just a really amazing day': OneWorld Health staff receive first vaccinations (Category: USA, Nebraska)
- 'This is just a really amazing day': OneWorld Health staff receive first vaccinations (Category: USA, Nebraska)
- 'This is just a really amazing day': OneWorld Health staff receive first vaccinations (Category: USA, Nebraska)
- On the Move: Leesa Kim and Kurt Murata (Category: USA, Hawaii)
The private sector trade union association, the Inter Company Employees’ Union (ICEU) today (15) held protests outside several private institutions against the proposed amendments to the EPF/ETF Act. ICEU Head Wasantha Samarasinghe said the protests were held outside private companies island
- GMOA refuses to accept private medical uni (Category: Breaking News)
- Employees` union protest against proposed amendments to Sri Lanka`s EPF/ETF Act (Category: Breaking News)
- Talks go ahead to purchase Chinese busses despite opposition (Category: Breaking News)
- 3000 Buses to be import from China (News Drops) (Category: Breaking News)
Employees Provident Fund President S K Gunawardena recently declared open the Employees Provident Fund office at Martin Road, Jaffna.
The Inter Company Employees Union affiliated to the JVP is planning an island wide protest against t..
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