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Strategic investment partner sought for Hilton and Grand Hyatt Hotels

The government is now seeking an international financial analyst to, in turn, locate a suitable strategic investment partner for Hilton Hotel and Grand Hyatt Hotel. Once a suitable investment analyst is selected they will look for a suitable strategic partner for both entities , Secretary Ministry of Public Enterprise Development Ravindra Hewavitharana said.

"The government has no idea of selling both entities but is looking for a private public- partnership to streamline both entities. Therefore, it is looking for a financial analyst to find a suitable investor for both entities, Secretary Hewavitharana told The Island Financial Review.


Sri Lanka tops Network Readiness Index but business landscape doesn’t reflect it


Sri Lanka was the first South Asian nation to adopt 4G in 2013, ranking the country first in South Asia in the Network Readiness Index, but four years on this accomplishment hasn't matched with Sri Lankan business entities developing new solutions ...

CSE turnover tops Rs. 1 bn helped by crossings 

JKSB reported as follows on yesterday's CSE trading -

ASPI: 6,703.18 (-12.15 pts; -0.18%); Val T/O: Rs. 1.75bn (US$11.4mn); Vol T/O: 41.6mn; Trades: 4,467

Advance/decline ratio: 87/99; Top gainer: ALHP.N (+21.43%) ; Top loser: PCH.N...

Crunching the numbers: What is the real export benefit of GSP Plus to Sri Lanka?



Sri Lanka’s overall exports to the European Union (EU) can increase by US$ 480 million - almost 15 per cent on average - from current earnings of US$ 3,275 million to US$ 3,756 million, as a result of regaining the GSP Plus benefit, according to ...

JAT sponsors second building specifiers’ conference 2017


JAT Holdings, Sri Lanka’s award-winning conglomerate was a title sponsor of the highly successful Building Specifiers’ Conference 2nd Edition, which was held recently in Colombo on the 13th June 2017.

This second successive endeavor ...

Seylan Leasing partners with Kia Motors for double benefit Kia Picanto deal


Seylan Leasing is a preferred leasing partner for astute customers seeking a reliable leasing partner with the ability to offer a hassle-free and flexible leasing solution, coupled with competitive interest rates and a customized package. At the forefr...

Hemas commemorates ‘World Environment Day’ with Otara


The staff of Hemas Holdings PLC recently commemorated World Environment Day 2017 with Otara Gunawardena speaking on this year’s global theme ‘Connecting People to Nature’. Her inspiring address to the audience was based on her pers...

‘Ceylinco Life fastest to take its Life Fund past Rs 80 bn’


The Life Fund of Ceylinco Life crossed Rs 80 billion in May 2017, making it the fastest-growing Life Fund in the local industry, the life insurance market leader has announced.

The company said this milestone was achieved in a little more ...

‘Sadaharitha helps investors  to mitigate global warming’


Sadaharitha Plantations are offering ‘eco-friendly’ investors the opportunity to help reduce greenhouse gas emissions that lead to global warming, while reaping a high return in the long term through commercial forestry. It is estimated tha...

Sri Lanka Insurance produces 60-member contingent for MDRT Conference in Florida, USA

Sri Lanka Insurance saw sixty of its top Life Insurance sales achievers qualifying for the elite Million Dollar Round Table (MDRT) Annual Conference 2017 held from June 4 - 7 in Orlando, Florida, USA.

Participation at the Million Dollar Ro...

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