Steps are being taken to prepare the new integrated labour law to avoid the complexities of the existing employment statutes, Minister of Labour and Foreign Employment, Manusha Nanayakkara, recently told the Ministerial Consultative Committee on Labour and Foreign Employment affairs. The Minister said they will start taking opinions and suggestions of all relevant parties from […]

Powering the 89th annual Battle of the Saints, Sri Lanka’s leading private sector bank HNB PLC, reaffirmed its commitment as the official banking partner for the highly anticipated cricket encounter at the Sinhalese Sports Club on April 28, 29 and 30. The match will see the two leading Catholic schools, St. Josephs College and St. […]

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, […]

ජාත්යන්තර මූල්ය අරමුදලේ නියෝග මත දේශීය ණය ප්රතිව්යූහගත කරණය යටතේ සේවක අර්ථසාදක අරමුදල මගින් රජය ලබාගෙන ඇති ණය කපාහැරීමට සූදානම් […]The post මැයි මාසයේදී EPF බිලි දීමට සූදානම් appeared first on Lanka Truth | සිංහල | Latest and Breaking News from Sri Lanka.

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 […]

ජාත්යන්තර මූල්ය අරමුදල 2007දී එවකට පැවති ආණ්ඩුවට ලබා දී තිබෙන නිර්දේශයක් අනුව යමින් සේවක අර්ථ සාධක අරමුදල සහ සේවා නියුක්තිකයන්ගේ […]The post හොර රහසේම අර්ථසාධකේ (EPF) විකිණීමේ සූදානමක්! appeared first on Lanka Truth | සිංහල | Latest and Breaking News from Sri Lanka.

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.

සේවක අර්ථසාධක අරමුදල් ඇතැම් ව්යාපෘතිවල ආයෝජනය කිරීමෙන් රුපියල් මිලියන ගණනින් පාඩු සිදුවී ඇති බව නවතම විගණන වාර්තාවකින් පෙන්වා දී තිබේ. 

By Sanath Nanayakkare Leading rice miller, Lankeshwara Mithrapala says he has suspended purchasing paddy because it is not proper to purchase paddy from farmers at prices lower than Rs. 120 per kilo, and if he did purchase at that price, he would have to absorb a loss of Rs. 23 from each kilo of rice. […]

Fear of a DDR/IFR event drive rates even higher

Minister Kanchana Wijesekera has publicly stated that the Ceylon Petroleum Corporation (CPC) and the Ceylon Electricity Board (CEB) have employees far in excess than required for the normal functioning of these institutions. For instance, Ceylon Petroleum Storage Terminals Ltd., has 4,200 employees where only 500 are required, and the CEB has around 26,000 employees when […]

‘Utterly corrupt process implemented at country’s expense’ By Shamindra Ferdinando Dissident SLPP lawmaker Dr. Nalaka Godahewa has warned of clandestine moves to sell off profitable ventures in the state sector.Addressing the media in Colombo on Wednesday (24), the Gampaha District MP alleged that instead of restricting loss making ventures, interested parties seemed hell-bent on divesting […...

By Sirimatha Rathnasekera The Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) will lose about 600 billion rupees during the proposed domestic debt structuring, Co-Convener of the JVP affiliated National Trade Union Centre (NTUC) Wasantha Samarasinghe claimed. Samarasinghe is of the opinion that the government is planning not to pay 20 to 25 percent […]

Currency depreciation inflates an economy and imposes a 'hair cut' on domestic debt by reducing purchasing power

කම්කරු දෙපාර්තමේන්තුවේ කාර්යාල (EPF-ETF) නැවත දැනුම්දෙනතුරු සිකුරාදා දිනවල වසා දැමීමට තීරණය කර තිබේ.