- Last Update 2025-04-30 13:19:00
CB extends actions taken on troubled TFC
The Monetary Board of the Central Bank of Sri Lanka (CB) has decided to extent by another three months from May 15, recent actions taken in connection with the troubled The Finance Company PLC (TFC).
Announcing this decision on Wednesday, the CB said it had initiated a number of regulatory actions, as temporary measures on TFC with effect from February 15, 2019, with a view to safeguard the interests of the depositors and other stakeholders of the company.
“Regulatory measures include suspension of accepting new deposits, withdrawal of deposits and disbursement of loans and advances to facilitate the restructuring process of TFC,” it said adding that the extension was given in order to consider the business restructuring proposal submitted by the company. Interest due on deposits will be paid continuously. - ENDS -
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- April 25, 2025 - 167 - 0
Rs 30 million worth tabs and mobiles left behind at duty free shop
Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
- April 26, 2025 - 140 - 0
Your Sunday Times highlights for this week
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
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