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Sri Lanka: Kandy to Redevelop Major Transit Terminal to Support Road Safety, Tourism, COVID Recovery
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Kandy to Redevelop Major Transit Terminal to Support Road Safety, Tourism, COVID Recovery - Adaderana Biz English
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Selendiva to find investors View(s):
Selendiva Investments Ltd incorporated under the purview of the Ministry of Finance to hold some state-owned real estate is calling for Request for Proposals (RFP) to get a consultant who in turn will prepare a marketing RFP to find investors for them.
Officials told the Business Times that the marketing RFP is to invite investors to invest in a stake in the company.
They said a meeting in this regard was held on Tuesday and that it is important to find a specialised entity to do their marketing RFP. Treasury is also aiming to go public with state-owned hotels – Hilton Colombo, Grand Hyatt Colombo and Grand Oriental Hotel (GOH) in the Colombo Stock Exchange (CSE) by the end of the first half of 2021, vested in Selendiva, according to Treasury Secretary Sajith Attygalle. “It will hopefully be listed in the market before the end of the first half of 2021,” Dr. Attygalle recently told the annual Economic Summit organised by
‘Blowing in the wind’ View(s):
In the early 1990s, there was an enterprising group of Sri Lankans who helped install small solar power units in the homes of farmers, paving the way for their children to study at night. The group was also involved in a solar project financially backed by a multilateral agency to help dozens of farmers to whom this low-cost, subsidized power unit sticking out of their rooftops, was an out-of-this world development. The group later sold its interests to the multinational, Shell Company.
It was also a time when there were crippling power-cuts owing to a prolonged drought, during the tenure of Anuruddha Ratwatte who was Power and Energy Minister, with the country depending on hydro power, long before gas turbines and other energy sources came into being.
Sri Lankan president calls on companies to exploit pandemic for cost-cutting
Addressing the Sri Lanka Economic Summit early this month, President Gotabhaya Rajapakse called on big business to take advantage of the “beneficial consequences” of the coronavirus pandemic. The virtual event was organised by the Ceylon Chamber of Commerce, the country’s premier business lobby.
Sri Lankan President Gotabaya Rajapakse, attends an event to mark the anniversary of country’s independence from British colonial rule [Credit: AP Photo/Eranga Jayawardena]
India’s Minister of Finance & Corporate Affairs Nirmala Sitharaman was the keynote speaker at the summit, which was held on December 1. She spoke about the “synergistic and complementary” nature of India’s so-called “self-reliant visions” of India and Sri Lanka jargon used by both governments to cover up their big-business agendas.
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