Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's private sector retirement fund yet to publish accounts for 2011 - Opposition MP
Fri, Feb 28, 2014, 07:46 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 28, Colombo: Parliamentarian of Sri Lanka's main opposition United National Party (UNP), economist Dr. Harsha de Silva says the private sector retirement fund, Employees' Provident Fund (EPF) is yet to publish its accounts for the year 2011.

Although the issue has been constantly raised in parliament, the EPF has failed to release its annual audit reports, Dr. de Silva says.

The lawmaker explained that after he had continuously raised the EPF's failure to present its annual reports to parliament, the Parliamentary Accounts Committee (PAC) had summoned the Fund in January this year.

However, the session the PAC had with the EPF had ended abruptly before the committee members were able to get answers to their questions from the Fund, Dr. de Silva noted.

He has added that the public had a right to know how the EPF had invested monies collected from the private sector workers in the country.

The Central Bank, which administers the country's largest private sector retirement fund, has asserted that t no fraudulent stock market transaction has ever been made by the EPF and that all transactions have been carried out with utmost care, diligence and professionalism.

ColomboPage - Recent 10 Stories
Proposal to increase cigarette prices in cabinet within two weeks
Sri Lanka to eliminate rabies by 2020
Pakistan provincial government of Punjab to increase cooperation with Sri Lanka on education
Sri Lankan government will not yield to extremism in the North - State Defense Minister
Indian minister with a high-level delegation to arrive in Sri Lanka tomorrow
Sri Lanka Finance Minister seeks ideas from people to prepare next year's budget meeting their expectations
BOI Chief to address the biz community Sri Lanka - Italy Business Council event
Sri Lanka police arrest former minister Mahindananda Aluthgamage's son for drunk driving
Sri Lanka Fisheries Ministry rescue fish from drought stricken reservoirs
Ven Omalpe Sobitha Thera steps down as chairman of JHU to pave way for new leadership

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.