A Malaysian investor, confronted with rising costs and a deteriorating security situation, was on the verge of pulling out from Sri Lanka until a rethink and re-structure of the investment changed his decision.
The Confifi Group said last week that like many hotel groups it’s struggling to maintain profitability but noted that negotiations with interested parties for a buyout of the company fell through.
Questions are being raised in the stock market as to whether GoldQuest’s aggressive foray into blue chip John Keels Holdings (JKH) is to seek a board seat in the conglomerate and gain the elusive ‘respectability’ the company lost with its dubious multi-level marketing scheme.
The Tea Board crisis finally came to an end with a much deserved victory to all the industry stake holders after its controversial chairman B. A. C. Abeywardane was removed from the post but he still refuses to budge.
If you’re looking for a chance to rejuvenate yourself with a relaxed weekend at a quiet hideaway and also feel good about yourself that you have helped make a difference in the lives of the people, then the answer to your prayers is the “The Hide @ Kalametiya”.
