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The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
Softlogic Life Insurance was added to the S&P Sri Lanka 20 Index when an ad hoc index rebalancing occurred due to Commercial Leasing and Finance merging with LOLC Finance in March 2022. [11] Softlogic Life is one of the LMD 100 companies in Sri Lanka. The company was ranked 60th in the 2021/22 edition of the list.
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]
Private provident funds existed in the private sector, with some companies contributing on a voluntary basis until 1958, when the Employees' Provident Fund was established by S. W. R. D. Bandaranaike following the enactment of the Employees' Provident Fund Act No 15 of 1958 which established the Employees' Provident Fund which made it compulsory for all employers and employees to contribute if ...
Here's how you can save yourself as much as $820 annually in minutes (it's 100% free) 82% of Americans are missing out on a savings account that pays over 10 times the national average
Sri Lanka Insurance Corporation Limited, also known as Sri Lanka Insurance is the largest and strongest composite insurance provider in Sri Lanka. It is the first and only insurance company in Sri Lanka to be assigned a prime AAA− rating for Insurance Financial Strength from the US rating agency Fitch Ratings New York City. The company now ...
Ceylinco Consolidated is liable to repay nearly USD 200million for disgruntled [3] depositors [4] of failed Golden Key Credit Card Company, [5] F&G (Finance and Guarantee) PLC, Ceylinco Shiram PLC [6] The scandal, which erupted like a tsunami when the Ceylinco Golden Key Credit Card Company failed to honour its payments to depositors, soon spread to other institutions. it is estimated as at ...
Capital Alliance PLC, abbreviated as CALT, is a primary dealer in Sri Lanka. The company is a subsidiary of Capital Alliance Holdings Ltd. Capital Alliance Holdings Group is an investment bank . The company was incorporated in 2000 as Capital Asia Markets Ltd, a subsidiary of Asia Capital Ltd.