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The share market is a gamble said United People’s Freedom Alliance Member of Parliament Bandula Gunawardena while speaking at a media briefing.
Gunawardena said this while criticizing the National Pensions Gratuity Fund which would amalgamate the existing Employees Provident Fund (EPF) and the Employees Trust Fund (ETF) as proposed recently by Prime Minister Ranil Wickremesinghe when he put forward the government’s mid-term economic vision.
“In the past, the monies in these funds were invested on Treasury bills, Treasury bonds and Treasury and other better securities. Hence, the invested money and interest are 100 per cent assured according to the agreements. The share market is eying to fully utilize this huge fund and invest it on risky shares. This is the ulterior motive here,” said the parliamentarian.
While adding further, Member of Parliament Bandula Gunawardena said, “All of you know that share markets the world over is a gamble. It goes up and comes down or collapses. Sometimes it gets destroyed completely.”
Gunawardena said this while criticizing the National Pensions Gratuity Fund which would amalgamate the existing Employees Provident Fund (EPF) and the Employees Trust Fund (ETF) as proposed recently by Prime Minister Ranil Wickremesinghe when he put forward the government’s mid-term economic vision.
“In the past, the monies in these funds were invested on Treasury bills, Treasury bonds and Treasury and other better securities. Hence, the invested money and interest are 100 per cent assured according to the agreements. The share market is eying to fully utilize this huge fund and invest it on risky shares. This is the ulterior motive here,” said the parliamentarian.
While adding further, Member of Parliament Bandula Gunawardena said, “All of you know that share markets the world over is a gamble. It goes up and comes down or collapses. Sometimes it gets destroyed completely.”
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