FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Sri Lanka opposition party appoints committee to study retirement fund losses in stock market Vote_lcap68%Sri Lanka opposition party appoints committee to study retirement fund losses in stock market Vote_rcap 68% [ 178 ]
Sri Lanka opposition party appoints committee to study retirement fund losses in stock market Vote_lcap18%Sri Lanka opposition party appoints committee to study retirement fund losses in stock market Vote_rcap 18% [ 47 ]
Sri Lanka opposition party appoints committee to study retirement fund losses in stock market Vote_lcap13%Sri Lanka opposition party appoints committee to study retirement fund losses in stock market Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» SCAP just about to run
by nish84 Today at 12:57 am

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by soileconomy Today at 12:01 am

» LMF target price+++++
by buddikasmart Yesterday at 11:34 pm

» BUY and HOLD CLC Possible to trade above 300/- [CLC= NIFL]
by Peris.G Yesterday at 10:28 pm

» LOFC Direction
by RAVI1980 Yesterday at 10:08 pm

» CLC - worth the Investment
by jaya Yesterday at 9:38 pm

» is KCAB going for a split?
by dimi Yesterday at 7:16 pm

» LMF vs LAMP
by C.THARANGA Yesterday at 6:46 pm

» NP Rumored to enter SCAP
by Swissinvest Yesterday at 5:48 pm

» COCR can be attractive
by chandike73 Yesterday at 4:24 pm

» SOFTLOGIC CAPITAL PLC (SCAP.N0000)
by nish84 Yesterday at 4:13 pm

» LLUB comparison between 2016- 2021 Same EPS Trading at Huge discount
by samansilva Yesterday at 2:16 pm

» Shares to Buy
by PhilT Yesterday at 1:59 pm

» CLC placed on a Slingshot . . . !!!
by Elite_SGX Yesterday at 11:48 am

» CLC – the Pinnacle of LOCH
by Elite_SGX Yesterday at 11:48 am

» CLC getting ready for Singapore
by Elite_SGX Yesterday at 11:47 am

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by ADAD Yesterday at 11:44 am

» AGAL - Long way to go !
by Nimal hemantha perera Yesterday at 11:43 am

» East West ltd
by chandike73 Yesterday at 11:40 am

» BAIRAHA FARMS PLC (BFL.N0000)
by hotstock Yesterday at 11:32 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka opposition party appoints committee to study retirement fund losses in stock market

Sri Lanka opposition party appoints committee to study retirement fund losses in stock market

3 posters

Go down  Message [Page 1 of 1]

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Jun 03, Colombo: Sri Lanka's main opposition United National Party (UNP) has appointed a committee to study and make proposals on the private sector retirement fund, Employees' Provident Fund (EPF), monies that have been lost due to bad investments in the Colombo Stock Exchange (CSE).

Opposition and UNP Leader Ranil Wickremasinghe has appointed a committee headed by party general secretary Tissa Attanayake to look into the matter.

The committee also includes parliamentarians Ravi Karunanayaka and Dr. Harsha de Silva.

The committee is to report back with proposals including the legal action that could be taken with regard to the issue.

The EPF has reportedly lost Rs. 4 billion due to the investing in stocks of loss making companies in violation of guidelines that state EPF monies could only be invested in government securities.

The EPF Department of the Central Bank says only around 6 percent of the fund is invested in stock market and the investments in the stock market are made with a long term focus to generate profit and enhance the Fund's capital base over the longer term.

According to the Central Bank, the EPF has realized Rs. 2.5 billion as capital gains and dividends in 2011, and realized over Rs. 1.56 billion as capital gains and dividends, so far in 2012.
http://www.colombopage.com/archive_12/Jun03_1338740965CH.php

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

If committee could well establish the point of losing a vast amount of public money in crafty investment decision making, it will be an added minus point for sinking popularity of the government & its policy makers.
Important fact is to demonstrate & disclose the manipulation process & the most benefited parties out of these shrewd transactions but not the fund owners. This will lead to unavoidable dissension from fund owners island wide & no option for authorities other than the restructuring the entire system & punishing the parasites.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

@worthiness wrote:If committee could well establish the point of losing a vast amount of public money in crafty investment decision making, it will be an added minus point for sinking popularity of the government & its policy makers.
Important fact is to demonstrate & disclose the manipulation process & the most benefited parties out of these shrewd transactions but not the fund owners. This will lead to unavoidable dissension from fund owners island wide & no option for authorities other than the restructuring the entire system & punishing the parasites.

You are absolutely right.
Practically the opposition committee can say what ever they want, but super power create another scene (or story)and we public forget about this issue in another couple of months.
Sorry to say but that is the fact.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum