CIFL to ...

they will assume that something is wrong,” Martinsson said.

Sustainable assets generate double the returns compared to other assets, he said, further adding that in another five years’ time, the investors would only be interested in companies practicing ESG.

He added that communication of the corporate sector growth opportunities and breaking simplified stereotypes such as the continued association of Sri Lanka with a civil war are important for attracting foreign investor interest.

Tundra Fonder, which was founded six years ago, has invested in corporates displaying ESG in seven countries and the assets under the Tundra Fonder management have doubled each year, to reach US $ 400 million.

With the commencement of the proposed airline, all military-owned domestic civil aviation operations will be halted, according to the NAPPP.

Meanwhile, the Central Bank said following the cancellation of the licence, Sri Lanka Deposit Insurance and Liquidity Support Scheme will take the necessary action to pay compensation to the insured depositors under the applicable laws and regulations.

“Further, the depositors may be able to recover some of their dues in the process of liquidation, subject to the priority of claims.

All debtors of the company are required to pay their dues to the company through a bank account announced by the company.

The Central Bank of Sri Lanka wishes to emphasize that legal actions will be taken against the responsible parties for the mismanagement and fraudulent activities of the company,” the Central Bank said.