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The adage ‘there is no smoke without fire’ appears to be a perfect fit to Monday’s mega deal of EPF buying an 8% stake in Laugfs Holdings Plc for Rs. 1.6 billion, given its timing and the price paid. The Employees Provident Fund (EPF), which is heading towards a fund base of Rs. 1
- Laugfs gas has last laugh at EPF? (Category: Business)
- SLIC sells 3.4% DFCC stake to EPF for Rs.1.2 b (Category: Business)
- Ranil brush up! (Category: Business)
- Harry’s Melstacorp buys 11% more in Spence for Rs. 5 b (Category: Business)
The Central Bank last week said that the base of the Employees Provident Fund (EPF) is expected to reach the Rs. 1 trillion milestone later this year. “As at 31 August 2011, the value of total assets of the EPF reached Rs. 976 billion, recording an annual growth of 14.6%. With this growth
- Rs.666 million owed to EPF: Auditor General (Category: Breaking News)
- Main opposition of Sri Lanka claims investments losses of retirement fund amount to over Rs. 12 ... (Category: Breaking News)
- Employees’ Provident Fund (Category: Breaking News)
- EPF buys more of VOL (Category: Business)
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.
Ceylon Workers’ Congress (CWC) Leader and Livestock Development and Rural Economy Minister Arumugam Thondaman has expressed concerns over the Government’s plan to lease out tea estates under the purview of the Janatha Estate Development Board (JEDB) to the private sector. In a statement he said that estate workers have been left in the lurch without ...
- Estate Sector TUs And Management To Meet On The 29th (Category: Breaking News)
- Gratuity paid on behalf of dedication of estate workers (Category: Breaking News)
- Estate Sector Heading For A Crisis (Category: Breaking News)
- Thondaman alleges PA is in the grip of chartered accountants (Category: Breaking News)
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)
Corporate institutions can now make Employees’ Provident Fund (EPF) payments in a convenient manner via ‘Paymaster,’ the innovative electronic total payment solution of the Commercial Bank of Ceylon, the Bank rated internationally as Sri Lanka’s best. The formal agreement
- Commercial Bank presents Paymaster’s new EPF payment facility (Category: Business)
- ComBank records highest growth in ‘Inter-Bank Electronic’ payments (Category: Business)
- COMBank, Prestige Automobile offer dream deals for BMW 5 Series (Category: Business)
Sri Lanka Com Bank offers online EPF payments
Business leader Dhammika Perera sells 51% personal stake in Amaya Leisure to Hayleys Group for Rs. 2.6 b and buys 9% more of the latter for same amount Deputy Chairman’s control in Hayleys tops 40%; Hayleys Group firms pay Rs. 107 per Amaya share after getting independent report valuing share at Rs. 160; to announce ...
- RCL ups Hayleys stake (Category: Business)
- Dhammika ups control in Hayleys to 47% (Category: Business)
By Harsha de Silva We understand that the Securities and Exchange Commission (SEC) is planning to compound undisclosed securities fraud by some billionaire investors. Media reports have begun to circulate that Environmental Resources Investments (ERI) and its Directors have agreed with the SEC to pay an insignificant fine of Rs. 10 million and compound an ...
- SEC sets the record straight on ERI case (Category: Business)
- Harsha breathes fire on SEC over ERI (Category: Business)
- Harsha wants securities fraud fine increased from Rs. 10 m to Rs. 100 m (Category: Business)
- ERI Warrants dip over SEC rule (Category: Business)
Sri Lanka Insurance Corporation (SLIC) has sold 3.4% stake in DFCC Bank to Employees Provident Fund (EPF) for Rs. 1.2 billion. Of the amount 7.9 million shares were sold Tuesday at Rs. 135 each whilst on Monday 1.24 million shares were sold at the same price. Monday’s sale was the entire
- Others secure, Harry misses in scramble for Spence shares (Category: Business)
- SLIC buys 5% stake for a premium in Colonial Motors (Category: Business)
- DFCC buys 10% NTB stake for Rs. 1.3 b (Category: Business)
- Ishara Traders exits Sathosa Motors as Access ups stake to near 80% (Category: Business)
Trade unions affiliated to Samurdhi have warned of trade union action if Economic Development Minister Basil Rajapaksa fails to address the grievances of the Samurdhi employees. They have expressed concern over the job security of Samurdhi employees following the government’s decision to bring the Samurdhi Authority and a few other state institutions under the proposed ...
- Sri Lanka Samurdhi officers' union asks for a non-contributory pension scheme (Category: Breaking News)
- Samurdhi trade unions in Sri Lanka warn of union action if Minister fails to address grievances (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
- April public sector salaries to be paid before 10 (Category: Breaking News)
Public service is poised to get a shot in the arm making it greatly people-friendly soon due to a project initiated by the ICT Agency of Sri Lanka (ICTA) recently. As one of the latest phases of the e-Services initiative ‘the Lanka Gate e-Services Project’ of ICTA, aims at better public service by developing ...
- Eurocenter enables e-services for ICTAs Lanka Gate Project (Category: Breaking News)
- “Librarians have important role to play in eSri Lanka initiative”: ICTA Chairman (Category: Business)
- Sri Lanka ready to provide optimum service via mobile phone (Category: Business)
- Special New Year transport information via 1919 (Category: Business)
Deputy Chairman Ashok Pathirage is keen to buy more shares of NDB Bank, if available at the right price. On Friday, Ashok, who is the Chairman of Softlogic Holdings, bought 470,000 shares at Rs. 135 each in a deal worth Rs. 63.4 million. This was after he picked up one million shares at the same ...
- Asian Alliance picks up NDB shares (Category: Business)
- Deputy Chairman Ashok buys 1 m of NDB shares (Category: Business)
- Bank Directors (Category: Business)
- CDIC buys 5% Aviva NDB Insurance stake from NDB (Category: Business)
The UNP affiliated Jathika Sevaka Sangamaya (JSS) has accused the Transport Ministry of trying to use billions of rupees of the SLTB employees’ EPF and ETF funds to purchase new buses. The JSS says the Ministry is trying to spend Rs 1.9 billion from EPF and ETF funds to purchase 500 new buses. Head of ...
- EPF and ETF tangled up! (Category: Business)
- Controversial Investments Out Of EPF And ETF (Category: Breaking News)
- PB: Will Amend EPF And ETF Acts (Category: Breaking News)
- UNP wants EPF & ETF fund investment details revealed (Category: Breaking News)
Aug 20, Colombo: The trade union affiliated to main opposition United National Party (UNP), the Jathika Sevaka Sangamaya (JSS) has accused the Transport Ministry of trying to use billions of rupees of the Sri Lanka Transport Board employees' EPF and ETF funds to purchase new buses.
Biggest fund EPF continued its aggressive buying into Vallibel One Ltd., yesterday as well. Around 8 million shares of VOL traded between a high of Rs. 30.20 and a low of Rs. 29.30 before closing at Rs. 29.60, down by 20 cents.
- Petrol to be increased by Rs.12; diesel by 31 (Category: Breaking News)
- Tax increased on big onions, potatoes and garlic (Category: Breaking News)
- Import taxes on big onions, potatoes and garlic increased (Category: Breaking News)
- Tax on liquor increased (Category: Breaking News)
The biggest fund, the EPF, is estimated to have bought around 10 million shares of diversified Vallibel One Ltd. (VOL) yesterday for Rs. 300 million from high net worth investors. Slightly over 15 million shares of VOL traded yesterday for Rs. 451 million. Of the quantity, nearly 10 million shares
- EPF buys more of VOL (Category: Business)
- Chrysler stock sold by Ottawa, Ontario (Category: Canada, Ontario)
- Leasing firm allocates shares (Category: Breaking News)
- Weekend prospectors strike it rich (Category: Western Australia)
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.
June 08, Colombo: Sri Lanka Opposition and main opposition United National Party (UNP) Leader Ranil ..
June 08, Colombo: Sri Lanka Opposition Leader Ranil Wickremasinghe has said the government was trying to legalize pilfering monies from the EPF and ETF accounts.
Video: Govt using EPF, ETF money to pay off debt - Ranil
- Video: Local Government Elections bill before House next month (Category: Video)
- President tells one story to India, another to us, says Sri Lanka Kandy District Parliamentaria... (Category: Breaking News)
- Video: South Africa commends SL on establishing LLRC (Category: Video)
- Video: Public expected govt. to work like "Aladdin's Lamp" (Category: Video)
UNP Leader Ranil Wickremasinghe today alleged that government is using the EPF and ETF funds to pay off government debt. He added that the government has shamelessly robbed the people of their hard earned money. .
- President tells one story to India, another to us, says Sri Lanka Kandy District Parliamentaria... (Category: Breaking News)
- NGO's to work against SriLanka at UNHRC (Category: Breaking News)
- Analysis: Will web 'snoop' plans work? (Category: Technology)
- This Week in Government: Board of County Commissioners discuss replacing senator for SD48 (Category: USA, Montana)
The government has decided to amend the Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) Acts. Treasury Secretary Dr. P.B. Jayasundera has said the EPF and ETF Acts would be amended to make provision for the proposed pension scheme for the private sector. The Finance Ministry
- EPF and ETF tangled up! (Category: Business)
- Controversial Investments Out Of EPF And ETF (Category: Breaking News)
- Seminar on EPF/ETF and employee benefits (Category: Business)
- Sri Lankan government to amend EPF and ETF Acts amidst trade union concerns (Category: Breaking News)
May 28, Colombo: Amidst concerns raised by trade unions in Sri Lanka, the government has decided to amend the Employees' Provident Fund (EPF) and Employees' Trust Fund (ETF) Acts.
Finance Secretary Dr. P.B. Jayasundera has emphasized that under the proposed pension scheme for the private sector, pensions will be granted in addition to the Employees Provident Fund and the Employees Trust Fund. Dr. Jayasundera said a Pensions Fund would exist, in addition to the Employees Provident Fund, the Employees Trust Fund and the Gratuity. ...
- New Employees' Pension Fund to be established (Category: Breaking News)
- EPF INTEREST raised TO 13% (Category: Breaking News)
- EPF office is declared open in Jaffna (Category: Breaking News)
- PB: Will Amend EPF And ETF Acts (Category: Breaking News)
The Government is under strong criticism instead of praise due to the baseless and false campaign mooted by the opposition with regard to the proposed pension scheme. This was stated by Minister Basil Rajapaksa. The Minister pointed out that the private sector employees will not lose their Employees Provident Fund, Employees Trust Fund and even ...
- Wash. bill would end state's 'retire-rehire' policy (Category: USA, Washington)
- Government pension for all (Category: Breaking News)
- Sri Lanka government postpones parliamentary debates on private sector pension schemes (Category: Breaking News)
- Employees Pension Fund to be established (Category: Breaking News)
deductions for EPF will be continuously credited to ...
- Now, govt. mulls social security system as in US (Category: Breaking News)
- Sri Lanka government streamlines pensions of the public servants with IT (Category: Breaking News)
- “Make pension scheme similar to MP’s” (Category: Breaking News)
- Samurdhi Officers Ask For Non-Contributory Pension Scheme (Category: Breaking News)
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