COLOMBO (News 1st); The Committee on Public Accounts (COPA) revealed that around 15,000 cases are pending against institutions failing to pay Employees Provident Funds (EPF). As of December 31, 2021, nearly 5,000 of these cases had become inactive. Factors such as defunct institutions at regi...

COLOMBO (News 1st); The Sri Lankan government has rejected the Verite survey report, which says that 77% of the people do not want the government to intervene in the EPF fund. State Minister of Finance, Shehan Semasinghe, says that he rejects the report issued by the Verity Survey Institute, saying...

COLOMBO (News 1st); The Employees’ Provident Fund (EPF) says that it submitted an offer to exchange the portfolio of Treasury Bonds of the EPF under the Domestic Debt Optimization (DDO) programme. This is in terms of the invitation made by the Ministry of Finance, Economic Stabilisation and N...

COLOMBO (News 1st); Port trade unions in Sri Lanka are planning to stage protests, citing the effects the Domestic Debt Optimization program would have on the EPF and ETF. At a media briefing in Colombo on Monday (4), the All-Ceylon Ports General Employees Union announced that they would stage a ma...

COLOMBO (News 1st); The Supreme Court on Friday (11) dismissed the petition that was filed, stating that the fundamental rights of employees were violated after it was decided to reduce the interest awarded to EPF members following the Domestic Debt Optimization program. Under Sri Lanka's Domes...