COLOMBO, Sri Lanka, April 29 -- The Government of Sri Lanka:News issued the following news release:
Siyambalapitiya said the decision to increase the interest rate to 13 percent is unique as it was approved in Parliament to give 9 per cent interest to EPF beneficiaries under the domestic debt optimisation.
The State Minister also stated that the fear psychosis was created in the minds of employees that the Employees' Provident Fund is being destroyed.
The State Minister said that government's decision to raise the interest rate has foiled the attempts made by those with vested interest to take political mileage by propogating lies. "The EPF is the largest fund in Sri Lanka and there are 2.7 million active members," he said.
He said that...