EPF tops Rs. 852 b [October 06 2010]

by Uditha KUMARASINGHE

The total amount of money in the Employees’ Provident Fund (EPF) as at August 31, 2010 was Rs. 852 billion.

Labour Relations and Productivity Promotion Deputy Minister Dr. Jagath Balasuriya told Parliament that Rs. 26,900 million from the fund has been invested in the Colombo Stock Exchange at present. The amount invested in the Ceylon Hotels Corporation from fund is Rs. 689.02 million.

The Deputy Minister said the EPF has made Rs. 20,376 million profit by investing in the Colombo Stock Exchange. The profit from the Hotels Corporation investment is about Rs. 127.4 million.