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
Sri Lanka's Hayleys records 32% increase in profits after tax for 2014/15
-- [3 hours ago]
Sri Lanka takes measures to get the EU ban on fishery products lifted
-- [4 hours ago]
Lawyers in Northern Sri Lanka on strike to protest attack on Jaffna court complex
-- [4 hours ago]
Two Afghan students offered scholarships to study at Sri Lanka's defense university
-- [6 hours ago]
Sri Lanka maintains policy rates, monetary policy appropriate
-- [6 hours ago]
Opposition MP hurls obscenities at Sri Lankan Prime Minister
City officials instructed to continue beautification of Sri Lankan capital
Finlays to terminate agreement with Cathay Pacific as Sri Lanka's GSA
Malaysia interested in joint ventures in Sri Lanka
Sri Lanka to issue US$ 100 million development bonds

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.