PM’s statement for EPF to invest in stock market shocks working masses

PM’s statement for EPF to invest in stock market shocks working masses

PM’s statement for EPF to invest in stock market shocks working masses

Written by Staff Writer

22 Mar, 2019 | 6:36 pm

Colombo (News 1st): UPFA MP Bandula Gunawardena notes that the working masses in the country are in a state of shock following the Prime Minister’s statement to invest EPF funds in the stock market. He added that the income from investing funds in 2017 was Rs. 2993.6 million and it was a 36.5% drop compared to the income of Rs. 4714 million in 2016.

Responding to this the leader of the House Minister Lakshman Kiriella said the income is based on the fluctuation of share market prices.

However, the opposition claimed the volatile share-market only makes losses & many investors pulled out following the Central Bank Treasury Bond Scam. MP Bandula Gunawardena requests the government to refrain from investing the people’s money in a stock market which has lost its credibility.

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