The Government is to call for Expression of Interests (EOIs) first on Hotel Developers Lanka Ltd., owning company of Hilton Colombo, Lanka Hospitals Corporation PLC and Canwill Holdings Ltd. (Hyatt) for divestitures whilst for others it will be later.
“The Request for EOIs for Hilton, Hyatt and Lanka Hospitals will be out shortly and for the others within the next five weeks,” SOE Restructuring Unit Director General Suresh Shah said in media presentation yesterday.
He also said that the first round of divestitures is planned for the first quarter of next year and others during the second quarter.
Previously expectations among the private sector were that the initially selected SOEs will be divested by the end of this year.
The Presidents’ Entitlements (Repeal) Bill under which benefits for former Presidents would be reduced has been gazetted.
The State Department is proposing requiring applicants for business and tourist visas to post a bond of up to $15,000 to enter the United States, a move that may make the process unaffordable for many, foreign media reported.
Intex Sri Lanka 2025, the 17th edition of the region’s premier textile and apparel sourcing fair will take place from August 6 to 8 at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo.
Sotheby’s has returned ancient gems linked to the Buddha’s remains following pressure from the Indian government.
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