News

EPF Act to be amended

Published

2 years ago

August 8, 2023

editor

The Government has recognized the requirement of ensuring the payments and benefits of the Employees’ Provident Fund without any burden to the pension payments and benefits of the members of that fund due to the local treasury bonds idealizing programme.

Therefore, considering the annual interest benefit percentages paid for the members of the Employees Provident Fund during the past five years period, the Cabinet of Ministers has approved the resolution submitted by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies for taking necessary measures to amend the Employees’ Provident Fund Act No. 15 of 1958 ordering that the minimum annual interest rate on the contribution within the next four (04) years from 2023 -2026 should at least be 9%.

News

2 injured in Kotahena shooting

Published

9 hours ago

May 16, 2025

editor

A man and a woman have been injured in a shooting incident in the Kotahena area this evening (May 16), police said.

Both victims were hospitalised for treatment.

News

Arrest warrant issued against Mahindananda

Published

9 hours ago

May 16, 2025

editor

An arrest warrant has been issued against former Agriculture Minister Mahindananda Aluthgamage over the ongoing investigation into the importation of Chinese fertilizer.

The Colombo Chief Magistrate’s Court issued the warrant on a request by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), after Aluthgamage failed to appear before the Commission as summoned on May 14.

Earlier, on May 14, a motion seeking anticipatory bail on behalf of his counsel was filed with the Colombo Magistrate’s Court, requesting that the matter be taken up on May 16. The Magistrate ordered that the motion be heard on May 19.