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» Coronavirus Updates
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 11:40 pm by Rational Investor

»  Rajgama Heroes !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 10:05 pm by serene

» In the Meantime, Within Our Shores !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jul 04, 2020 6:26 pm by කිත්සිරි ද සිල්වා

» Thread for News on CSE and SL Economy
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jul 03, 2020 7:17 am by The Invisible

» Access Engineering AEL Technical Analysis
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jul 03, 2020 7:14 am by The Invisible

» Obituary Notice.
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jul 01, 2020 12:51 pm by කිත්සිරි ද සිල්වා

»  6000 Post Club , Celebration of a Great Milestone, Slstock
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Jun 30, 2020 9:35 am by slstock

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Jun 30, 2020 8:00 am by LSE

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Jun 29, 2020 9:35 am by nuwanmja

» Sri Lanka to monetize tens of billions of contractor bills
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Jun 28, 2020 10:30 am by The Invisible

» 104 Technical trading experiments by HUNTER
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jun 27, 2020 10:27 pm by HUNTER

» CFVF - First Capital
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jun 27, 2020 10:22 pm by HUNTER

» RCL - Royal Ceramics
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jun 27, 2020 4:02 am by desh87

» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jun 26, 2020 11:35 pm by nihal123

» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Jun 25, 2020 8:57 pm by The Invisible

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 24, 2020 10:37 pm by seek

» JKH.N0000
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 24, 2020 9:33 pm by The Invisible

» Plantation sector updates
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 24, 2020 10:32 am by The Invisible

» Dividend Announcements
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Jun 23, 2020 4:00 pm by Rana

» LOLC Holdings
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Jun 22, 2020 3:40 pm by Rajapaksap

» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Jun 22, 2020 12:50 pm by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Jun 22, 2020 11:53 am by nihal123

» Sri Lanka tea prices pickup marginally mid June
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Jun 21, 2020 8:11 pm by The Invisible

» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Jun 21, 2020 12:55 pm by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Jun 21, 2020 9:34 am by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Jun 21, 2020 9:32 am by The Invisible

» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jun 20, 2020 7:56 am by slstock

» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jun 19, 2020 10:47 pm by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jun 19, 2020 1:08 pm by dakzsl

» HAYC - Haycarb
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jun 19, 2020 12:04 pm by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Jun 18, 2020 11:13 pm by nihal123

» HAYL.N0000 Hayleys PLC
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Jun 18, 2020 7:53 pm by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 17, 2020 12:29 pm by nuwanmja

» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 17, 2020 10:43 am by The Invisible

» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 17, 2020 10:33 am by The Invisible

» Gota's Era
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Jun 16, 2020 2:40 pm by puliyanam

» Fitch Revises Ratings on 11 Sri Lankan Financial
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jun 13, 2020 11:58 am by spw19721

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jun 12, 2020 11:27 am by Rajapaksap

» සල්ලි අච්චු ගැසුවාද?
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 10, 2020 11:35 pm by nihal123

» වටිනා පාඩමක්!
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 10, 2020 9:58 pm by Backstage

» Sri Lanka’s General Election on August 05
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 10, 2020 3:08 pm by The Invisible

» Hayleys MGT
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Jun 09, 2020 11:16 am by The Invisible

» AEL Access Engineering
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Jun 09, 2020 11:08 am by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Jun 08, 2020 4:12 pm by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Jun 08, 2020 8:47 am by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Jun 06, 2020 3:05 pm by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Jun 05, 2020 10:48 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Jun 04, 2020 4:32 pm by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Jun 04, 2020 2:21 pm by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Jun 03, 2020 9:49 pm by nihal123

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Sri Lanka gets 88 responses for Hilton, Hyatt sales

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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by The Invisible on Thu Oct 25, 2018 7:20 am

ECONOMYNEXT- Sri Lanka has received expressions of interest from 88 international companies to purchase the Colombo Hilton and Grand Hyatt building, Finance Minister Mangala Samaraweera said

"We have received expressions of interest from 88 international companies," Mangala Samaraweera said.

The deadline for responses was also extended by two weeks to mid November, he said.

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.

However the government had said only few details of the investor was required in the EOI, and no financial bids are required at this stage.

Samaraweera said that the initial two week response period for the tender ads published in international media has now been expanded by another two weeks, to end in mid-November.

The previous plan of floating the two companies on a special board on the Colombo Stock Exchange will not go ahead, Samaraweera said.

He said it's too early to mention how much the government could raise from the sales.

Colombo Hilton, which is a single tower hotel, has a foundation which allows another tower to be built with an investment of 4 billion rupees and 2 additional acres of land to build commercial or residential property, but the government doesn't have the cash to expand, the government said.

It said that the yet-to-be completed Grand Hyatt has over 15 billion rupees in public funds invested.

Lazard Asia of Singapore and MTI Consulting are financial advisors to the sale. (Colombo/Oct23/2018)
The Invisible
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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Re: Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by serene on Thu Oct 25, 2018 7:55 am

The Invisible wrote:

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.


Main point here is they are not opposing the sale.

serene
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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Re: Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by The Invisible on Thu Oct 25, 2018 8:02 am

serene wrote:
The Invisible wrote:

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.


Main point here is they are not opposing the sale.

Because they know that they created this mess and someone else pays the price Very Happy
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