Jet Airways: India’s aviation boom runs into turbulence

On the face of it, India’s airline industry is flying high – the country is the fastest growing major aviation market in the world. The airports are bursting at the seams: 138 million passengers flew last year, up from 51 million in 2010. International traffic has burgeoned. On-time performance has improved. Not surprisingly, the future […]

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President emphasized the need of promptly providing relief to the depositors of ETI

President Maithripala Sirisena emphasized the need of promptly providing relief to the depositors of the ETI Finance Limited. The President emphasized this when the National Economic Council met at the President’s Office today (26). The special attention of the Economic Council was drawn regarding the selling of the company’s assets and after considering that transaction the […]

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Central Bank to impose withdrawal restrictions for deposits of The Finance Company

Feb 15, 2019 (LBO) – Sri Lanka’s Central Bank has proposed regulatory measures including suspension of accepting new deposits, restrictions on withdrawal of deposits and restricting disbursement of loans and advances to facilitate the restructuring process of The Finance Company (TFC). The Monetary Board at its recent meeting, having considered the weak financial performances of […]

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Norway partners with UNDP Sri Lanka to support SDG 16

The Government of Norway entered into a partnership agreement with the United Nations Development Programme (UNDP) in Sri Lanka to extend support to UNDP Sri Lanka’s flagship portfolio on SDG (Sustainable Development Goals) 16: Peace, Justice and Strong Institutions project for the period December 2018 to December 2020. The Ambassador of Norway to Sri Lanka […]

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