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The Employees' Trust Fund ( ETF) is a social security programme established on 1 March 1981 under the Act No.46 of 1980 by the Parliament of the Sri Lanka. [1]
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. The ...
China and Sri Lanka also share a military relationship, with China selling a range of modern armaments to the Sri Lanka Armed Forces. In July 2019, UN ambassadors from 50 countries, including Sri Lanka, have signed a joint letter to the UNHRC defending China's treatment of Uyghurs and other Muslim minority groups in the Xinjiang region. [22]
The Sri Lanka Bureau of Foreign Employment (SLBFE) is a government agency of Sri Lanka, tasked with overseeing overseas employment of Sri Lankan Citizens and their welfare. It was established in 1985, under the provisions of the Sri Lanka Bureau of Foreign Employment Act. No. 21 of 1985 from which it derives its remit and powers. [1]
Corruption in Sri Lanka is considered as an ongoing serious national issue which has dampened economic growth and lowered quality of life for most Sri Lankans. High income inequality/disparity and increased poverty have contributed to the prevalent corruption culture in Sri Lanka. Corruption has always been a hot topic in Sri Lanka and has been ...
Lotus Tower. / 6.92703°N 79.85828°E / 6.92703; 79.85828. Lotus Tower ( Sinhala: නෙළුම් කුළුණ; Tamil: தாமரைக் கோபுரம் ), also referred to as Colombo Lotus Tower, is a 351.5 m (1,153 ft) tall tower, located in Colombo, Sri Lanka. [1] [2] It has been called a symbolic landmark of Sri ...