- Last Update 2025-05-14 19:07:00
NSB says preparing ‘financial due diligence’ of failed Entrust
The National Savings Bank (NSB), which last week took over the management of the failed Entrust Securities PLC on a directive of the Central Bank, said on Tuesday that it was in the process of ‘undertaking a financial due diligence (of the company)”.
In an announcement to the Colombo Stock Exchange since Entrust is a listed company, the state-owned bank said that an action plan to restructure the company will be prepared as the second step. NSB said it has been vested with taking ‘appropriate measures for recovery and restructuring’ of Entrust Securities which is said to have liabilities totalling Rs. 6 billion. – ENDS -
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- May 9, 2025 - 186 - 0
SLAF Bell 212 crashes into Maduru Oya
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
- May 9, 2025 - 158 - 0
Five killed in helicopter crash
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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