header logo
Asia asset finance
Mogo Academy
Latest
Cannot allow EPF to be invested in stock market – Lalkantha
Oct 18, 201812:59 PM
Cannot allow EPF to be invested in stock market – Lalkantha

The Employees’ Provident Fund (EPF) cannot be managed on the whims of the rulers, says JVP politburo member K. D. Lalkantha.

 

He mentioned this addressing a seminar held in this regard.

 

Despite whichever government they are from, rulers should not consider the EPF as their own, says Lalkantha.

 

These funds should be used for certain investments only with the agreement of the working class, he said.

 

According to him, Prime Minister Ranil Wickremesinghe always try to emphasis the lack of US Dollars and the government now is making plans to invest the EPF in the stock market due to the bankruptcy of the government.

 

Stating that this cannot be allowed considering the status of the Sri Lankan Stock market, Lalkantha says that this is a common issue and not just an issue of the SLFP, UNP or the JVP.

 

 

 

MostRead
Mobitel 5g
VideoStories
El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Special Dengue Prevention Week in Colombo from June 15 to 21

Special Dengue Prevention Week in Colombo from June 15 to 21

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

Sri Lanka bans export of mineral resources without value addition

Sri Lanka bans export of mineral resources without value addition

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Lassana Flora