Avurudhu Rupee Commitments Bear on Exporters The exchange rate (ER) held at the Rs. 130 levels to the US dollar ($) at Wednesday’s, Thursday’s and Friday’s trading as exporters began encashing their $ proceeds to meet their local commitments, a market source told this reporter. “In the event they persisted in holding on to their ...

Khazana Nasional Berhard, the investment holding arm of the Government of Malaysia, yesterday acquir..

The Employees Provident Fund gets a profit of 800 million rupees.   The Employees Provident Fund which possessed 71 million shares of conglomerate John Keells Holdings had been sold at 194 rupees per share, bringing a capital gain to the Fund. These shares have been purchased by Malaysia’s Khazana Nasional Berhard, a sovereign wealth Fund. ...

UNP National List MP and Chief Economist Dr Harsha de Silva said that he had wanted Central Bank Gov..

Srilankamirror - The UNP has accused the government of using the monies from the Employees Provident Fund (EPF) to carry out its development agenda. UNP parliamentarian and head of the JSS, Dr. Jayalath Jayawardena has said that EPF monies were being excessively used to construct a 35-story luxury building in Narahenpita. He has said that using EPF monies to construct such a building was i...

Jan 26, Colombo: A legislator of Sri Lanka's main opposition United National Party (UNP) has accused the government of using the monies from the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector, to carry out development work in its agenda.

The Auditor Generals’ Department will table in Parliament today (Friday) the 2009 and 2010 audit reports of the Employees Provident Fund (EPF), Auditor General H. A. S. Samaraweera told TimesOnline.   He said the department has completed the scrutinizing accounts of 210 corporations, statuary boards, Government Owned Business Undertakings and other state institutions for 2009 and 2010 financial ye...

Parliament passed the Employees Provident Fund Amendment bill with a 59-vote majority at a ballot today (Jan. 18).

The Employees Provident Fund (Amendment) Bill was passed with a majority of 59 votes in Parliament ..

(Srilankamirror) - Parliament passed the Employees Provident Fund Amendment bill with a 59-vote majority at a ballot today (Jan. 18). The bill makes provisions for the setting up of a pension or insurance fund for EPF members. It was tabled by leader of the House Nimal Siripala de Silva. At a vote, 71 members voted in favour of the bill, while 12 opposed.

  The Employee’s Provident Fund (Amendment) Bill was passed in Parliament today with 71 voting for and 12 against it.   The UNP , DNA and TNA voted against the Bill.   The amendments to the Act will enable EPF members to withdraw 30 percent of the amount in their Fund if they have contributed for least for 10 years and have more than Rs 300,000 in their individual accounts.   This money can ...

Jan 18, Colombo: The Sri Lankan parliament today passed an amendment bill that would affect the Employees Provident Fund (EPF), country's major retirement fund for the employees in the corporate and private sector.

The Employees Provident Fund (Amendment) Bill has been passed in Parliament. 71 voted for and 21 against the Bill. Joining in the debate, Minister Gamini Lokuge said that those who serve in many institutions have various EPF numbers. As such they proposed to use the National Identity Card Number as the EPF number. Reports of ...

The Employee Provident Fund (EPF) amendment bill was passed in parliament, 71 voted for and 12 against the bill

The Employees Provident Fund (EPF) Amendment Bill was passed in Parliament today with a majority of 59 votes. 71 MPs voted in favor of the amendment bill while 12 voted against it.

The Employees Provident Fund (EPF) Amendment Bill was presented in Parliament a short while ago by the Leader of the House Nimal Siripala De Silva. The debate over the bill has commenced.

The controversial Employees Provident Fund (EPF) Amendment Bill will be presented in Parliament at 1pm today. Minister of Labour and Labour Relations Gamini Lokuge today said the government had removed the two clauses in the Employees Provident Fund (EPF) (Amendment) Bill which provides for the setting up of a pension or insurance fund for members.

Srilankamirror - The Sri Lanka Transport Services Union says the Sri Lanka Transport Board (SLTB) has failed to make payments amounting to Rs. 14,000 million due as EPF payments of its employees. The payments have not been made for the period between June 2010 till May 2011, Secretary of the union, K.A.E. Britto has said. He has said that even the workers who were retiring have been unable...

The Inter Company Employees Union (ICEU) today expressed reservations over the government’s decision to table amendments to the EPF Act in Parliament tomorrow and said it was strongly opposed to...

‘A ruler with a depleted treasury eats into the very vitality of the citizens and the country. A ruler, who impoverishes his own people or angers them by unjust exactions will also lose their loyalty Impoverishment, greed and dissatisfaction are engendered among the subjects, when the ruler among other things (i) fails to give what ought ...

Jan 15, Colombo: Sri Lanka's main opposition United National Party (UNP) and Marxist party Janatha Vimukthi Peramuna (JVP) have expressed concerns over the proposed amendments to the Employees' Provident Fund (EPF) Act.

Srilankamirror - UNP MP Dr. Harsha de Silva says the Employees’ Provident Fund (EPF) would be summoned before the Public Accounts Committee (PAC) in parliament to explain its accounts. He told Sri Lanka Mirror that the EPF has failed to submit the audited reports for 2010 and the last audited reports submitted by the EPF are for 2009.

Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...

Jan 09, Colombo: Sri Lanka’s main opposition United National Party (UNP) has called on the government to submit the audit reports of the Employees' Provident Fund (EPF) to parliament.

The UNP yesterday demanded that the annual accounts of the Employment Provident Fund for 2010 be imm..

  By Padmini MatarageThe government has been contemplating introducing the amended Employees Provident Fund (EPF) Act in parliament on January 18, sources say. However, due to unprecedented opposition from trade unions, political parties and civil society, the government has decided to rethink its stance on presenting it in parliament.

Jan 06, Colombo: The main opposition of Sri Lanka United National Party (UNP) has called on the government to postpone the presentation of amendments to the Employees' Provident Fund (EPF) Act.

Jan 06, Colombo: Labor Minister of Sri Lanka Gamini Lokuge says the proposed amendment to the Employees Provident Fund (EPF) Acts to empower the Labor Commissioner to set up a private sector pension scheme for workers not covered by the EPF, has been removed.

UNP MP Dr. Harsha de Silva alleges the government is planning to table in parliament on January 18 the EPF amendment draft bill.

(Srilankamirror) – UNP MP Dr. Harsha de Silva alleges the government is planning to table in parliament on January 18 the EPF amendment draft bill. Speaking to the media in Colombo today (Jan. 05), he described the proposed piece of legislation as a messy one. There is no need at all to bring in such laws in a hurry, said Dr. de Silva, adding that a young life was lost last year when...