EPF to expand investments in equity market
In pursuit of higher returns the Government is
planning to expand the listed equity portfolio of the Employees
Provident Fund (EPF), a step which would also give the much needed
boost to the Colombo stock market.
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Termination of BOI facilities to EPF/ETF defaulters
The Government has ordered the BOI to terminate
facilities provided to companies in the Export Processing Zones that
have not contributed to the EPF/ETF.
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Budget expected to ensure growth momentum
This year's budget is expected to show a further
improvement in the process of moving towards a comprehensive
medium-term approach in the preparation of the budget. Such an
approach is necessary in view of major development plans that cannot
be looked at within a one-year time frame.
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