The Hayleys Group on Friday exited from Diesel and Motor Engineering PLC (Dimo), the Mercedes Benz agent, saying it was selling off for strategy reasons while business circles saw the move as an effort to raise much-needed capital and reduce debt. Separately, stock analysts say more and more companies are seeking to sell their portfolios in non core business areas.
Oil-rich Kuwait, a rapidly growing market for Sri Lankan workers, wants to invest millions of US dollars in Sri Lankan infrastructure like highways, airports, hotels or shopping malls but is constrained by the lack of investment protection and arbitration mechanisms. Kuwaiti Ambassador in Sri Lanka, Fahad H. Sh. Almetairi, firmly believes Kuwait and other GCC (Gulf Cooperation Council) countries want to invest here, but “the problem is we still have not signed an investment protection agreement and until we sign this, no investor is willing to put their money in.”
The Hayleys Group on Friday exited from Diesel and Motor Engineering PLC (Dimo), the Mercedes Benz agent, saying it was selling off for strategy reasons while business circles saw the move as an effort to raise much-needed capital and reduce debt. Separately, stock analysts say more and more companies are seeking to sell their portfolios in non core business areas.
Oil-rich Kuwait, a rapidly growing market for Sri Lankan workers, wants to invest millions of US dollars in Sri Lankan infrastructure like highways, airports, hotels or shopping malls but is constrained by the lack of investment protection and arbitration mechanisms. Kuwaiti Ambassador in Sri Lanka, Fahad H. Sh. Almetairi, firmly believes Kuwait and other GCC (Gulf Cooperation Council) countries want to invest here, but “the problem is we still have not signed an investment protection agreement and until we sign this, no investor is willing to put their money in.”