By Rathindra Kuruwita The GL Peiris-led splinter group of the SLPP, the Nidahasa Janatha Sabawa (NJS), has signed an MOU with the Samagi Jana Balawegaya (SJB) to form an alliance in view of upcoming elections on Friday (05). Six NJS MPs, namely, Professor Peiris, Dilan Perera, K.P. Kumarasiri, Upali Galappatty, Wasantha Yapa Bandara and  Nalaka […]

The former General Manager of the Coconut Cultivation Board was arrested for allegedly misappropriating over Rs. 77 million from the Employees Provident Fund (EPF), police said.The post Former Coconut Cultivation Board GM arrested for alleged Rs. 77 million misappropriation appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

By Shamindra Ferdinando SLPP National List MP Gevindu Cumaratunga and member of Uththara Lanka Sabhagaya has moved the Supreme Court seeking equal treatment to all members of the Employees Provident Fund (EPF). Cumaratunga, who is also the President of Yuthukama National OrganiSation has acted in terms of Article 126 read with Article 17 of the […]

By Shamindra Ferdinando Gevindu Cumaratunga, MP, has sought Prime Minister Dinesh Gunawardena’s intervention to ensure State Finance Minister Shehan Semasinghe on behalf of President Ranil Wickremesinghe, who holds the Finance portfolio, provided a satisfactory answer to several queries he raised regarding the status of the Employees Provident Fund (EPF) as at 31 Dec., 2022. In […]

 … draws attention to discrepancy in beneficial interest rates for EPF members By Shamindra Ferdinando Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing […]

The Supreme Court has set a date to consider the Fundamental Rights (FR) petitions filed claiming that the rights of members of both, the Employees Provident Fund (EPF) and the Employees Trust Fund (ETF) are being violated as a result of the government s Domestic Debt Restructuring (DDO) programme.

…. asks whether IMF is blind By Shamindra Ferdinando Dissident SLPP MP Gevindu Cumaratunga faults Parliament for continuing to allow a special category of EPF (Employees’ Provident Fund) recipients, created since 2022, regardless of the matter being brought to the attention of Parliament. Addressing the media at Sri Sambudhathva Jayantha Mandiraya, Cumaratunga said that in […]

What has been widely described as the “historic” Supreme Court judgment which by a majority 4-1 decision of a five-judge bench held the Rajapaksa brothers, Mahinda, Gotabaya and Basil and other unelected officials including two past Governors of the Central Bank, a former Secretary to the President, a former Treasury Secretary and some members of […]

by Jehan Perera The government is facing an uphill task to rebuild the country which continues to be in a state of economic and moral decline which was evident in parliamentary proceedings last week. The initial hopes of a quick transition from the economic and moral decline that accompanied the pre-Aragalaya period ended with the […]

By Saman Indrajith The government was deliberately withholding information about the EPF and ETF from the MPs, National People’s Power (NPP) leader Anura Kumara Dissanayake told Parliament on Friday (06). Earlier, State Minister of Finance, Ranjith Siyambalapitiya had asked for two weeks to answer a question by SLPP MP Gevindu Cumaratunga on the interests paid […]

By Saman Indrajith President Ranil Wickremesinghe told Parliament yesterday that the government was planning to place the Employees’ Provident Fund (EPF) and the Employees’ Trust Fund (ETF) under a new independent body. The President said part of the EPF and ETF monies should be invested abroad. Responding to a question raised by SJB MP Eran […]

[…]The post Sri Lanka At A Crossroads: The IMF’s 16-Point Prescription For Reform appeared first on Colombo Telegraph.

President Ranil Wickremesinghe suggests that part of the money from the Employees Provident Fund (EPF) and Employees Trust Fund (ETF) should be invested abroad.

[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO  appeared first on Colombo Telegraph.

By Shihar Aneez ECONOMYNEXT –The Central Bank of Sri Lanka (CBSL) informed the members of the EPF, the country’s largest pension scheme, that it has opted for the government’s domestic debt optimization (DDO) option with a long-term view in the best interest of the members. It said the two options given to the EPF under […]

Manusha Nanayakkara, the Minister of Labour and Foreign Employment, at a press conference held today (15) at the Presidential Media Centre, on the theme of ‘Collective Path to a Stable Country’ confirmed that the existing 9% employee benefit related to the Employee Provident Fund will remain unchanged for the next four years. The Minister emphasized […]