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
Parliamentarians visit disaster affected areas to observe relief operations
-- [1 hour and 5 minutes ago]
NBRO extends landslide warning to seven districts
-- [2 hours ago]
Chinese President, PM, FM send condolences to Sri Lanka over floods, landslides
-- [3 hours ago]
China to provide US$ 2.2 million worth emergency disaster relief goods to Sri Lanka
-- [4 hours ago]
Second Indian ship INS Shardul arrives at Colombo Port with flood relief
-- [4 hours ago]
Death toll from floods and landslides in Sri Lanka rises to 146, another 112 missing
Russian President sends condolences to Sri Lanka President
Part of Southern Expressway temporarily closed due to flooding
Sri Lanka's new 'Private - Public Partnership Unit to be launched at the Ceylon Chamber's Investment Conclave
Indian police probe international kidney racket linked to Sri Lanka

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.