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::

* Cabinet approval sought to monitor Sri Lanka private sector retirement fund
Mon, Mar 3, 2014, 02:18 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 03, Colombo: The Labor Ministry of Sri Lanka is waiting for recommendations from the National Labor Advisory Council (NLAC) to seek Cabinet approval to monitor the private sector retirement fund, the Employees Provident Fund (EPF).

The Labor Ministry will prepare the cabinet memorandum to monitor the investment of monies of the EPF.

The Ministry said that it believes EPF monies should be invested with the consent of the Labor Ministry, employers and the government.

Labor Ministry Secretary W.J.L.U. Wijeweera has said the NLAC has been consulted on the matter and appropriate steps would be taken once the recommendations are made.

Decisions on the EPF are currently vested with the Monetary Board of the Central Bank of Sri Lanka.

However, there have been many questions raised by opposition political parties on the investments made by the EPF.

ColomboPage - Recent 10 Stories
Former President calls on people to rise up against 'unreasonable tax increases' after May Day
-- [8 hours ago]
Media Minstry Secretary advises media against using 'joint opposition' to represent group of MPs
-- [8 hours ago]
Joint opposition is created to destroy SLFP - Minister Arjuna Ranatunga
-- [9 hours ago]
Sri Lanka, India navies hold 26th IMBL meeting aboard Sri Lankan naval ship
-- [9 hours ago]
Sri Lanka's investment agency signs 19 agreements worth US$ 139 million in March 2016
Japan and Sri Lanka ink MoU for international academic research cooperation
UNESCAP recommends tax reforms and expenditure rationalization to improve Sri Lanka's fiscal condition
President appoints 11 new SLFP electorate and district organizers
Sri Lanka targets high end tourists from Middle East at ATM 2016
Former LTTE leaders arrested in relation to the discovery of suicide kits in Jaffna

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.