MP de Silva stays real on expected real returns for EPF
[…] In the [EPF] Act itself it specifies 2.5% return. […] at the time inflation was at around 1 percent, if you look at 5 years prior to 1958, the average would have been 1 percent. […] Over the years, some years have been positive, and some returns have been negative in terms of real returns. Last year the EPF return on a real basis was -47%. […]
Newsline | May 22, 2023
Posted on: 29 September, 2023
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MP Gammanpila on the CBSL’s step-motherly treatment of EPF
In addition to the provident fund of the general public, CBSL also maintains a separate provident fund for its officers […] CBSL invested its funds in places where it could get the highest returns and credited an interest of 29% from the [its] provident fund to the accounts of its officers. Yet, the general public was only given a paltry interest of 9% after [the CBSL]…
Udaya Gammanpila’s Official Facebook Page | July 4, 2023
Posted on: 10 August, 2023
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MP De Silva exposes EPF & ETF exposure to govt bonds
The majority of Sri Lanka’s domestic debt is in treasury bonds. We have [almost 9,000 billion] worth of treasury bonds….44.5% of that is in banks….43% was borrowed from EPF & ETF
Daily FT | April 20, 2023
Posted on: 25 May, 2023
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