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Thursday, 21 March 2019 - 11:04
EPF to be entered into the Sharemarket
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Prime Minister Ranil Wickremesinghe said at a conference held in Colombo yesterday that he intends to enter the Employees’ Provident Fund to the Sharemarket in the near future.

He said that when they took over the economy in 2015 it was not in a good state.

He said they realized that priority had to be given to create financial stability in the country. It was a very difficult period. From then onwards he said steps were taken to bring about financial stability and now those steps have proved satisfactory.

He also said the next step was to maintain a good balance for the first time in the mobile account in 2019. It is being done after 60 - 70 years.

Similarly the Central Bank will reduce interest rates in the market without making any changes in financial policies.

He said further that they intend to put the EPF into the Sharemarket in the near future. The arrangements required for this, being made by the Central Bank are in the final stages, he also said and that good procedure for protection is being implemented on behalf of that.

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