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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 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 ...
TV Derana is a Sri Lankan private entertainment terrestrial television channel broadcasting in Sri Lanka. Launched on 11 October 2005, [ 2 ] it is one of the most popular television networks in the country. [ 3 ]
NewsFirst or News 1st is a Sri Lankan news organization owned by the Capital Maharaja Organization Ltd. [1] News 1st primarily broadcasts news, live on three TV channels (Sirasa TV, Shakthi TV, TV 1, five radio channels (Sirasa FM, Yes FM, Shakthi FM, Y FM and Legends FM), three websites in Sinhala, English & Tamil languages, and social media platforms (YouTube, Facebook, Twitter).
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 ...
TV 1 is a Sri Lankan general entertainment television channel that provides content in both English and Sinhalese, aimed at the youth market. It was founded in 1992 as MTV Newsvision, making it one of Sri Lanka's first privately owned television channels. [1] Its sister channel, MTV, was renamed Sirasa TV in June 1998, and MTV Newsvision was ...
Press freedom is a major concern in Sri Lanka. Both sides in the war make efforts to silence inconvenient reporters. Around 15 reporters received death threats from one faction or the other in 2004 [2] The assassinated reporter Aiyathurai Nadesan, correspondent in Batticaloa for several Tamil media stated just prior to his assassination in 2005:
Sri Lanka had no television services available until 1979. The creation of a national television service was planned several times as far back as 1965 (Ceylon at the time), when then-Minister of State J. R. Jayawardene suggested its creation, but was rejected by Dudley Senanayake's government, whose media advisors led by Neville Jayaweera called television "a gift of a rhinoceros".