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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyToday at 7:30 am by yellow knife

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 12:47 pm by seek

» Performance of the Market-Weekly
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Oct 12, 2019 4:29 am by ruwan326

» Confidence to boom after election – CBSL Governor
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» Sri Lanka among top 20 rising stars of world trade
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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Oct 10, 2019 9:24 am by ruwan326

» Dividend Announcement
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Oct 09, 2019 4:59 pm by Rana

» අපි නොදන්න ගීතයක කතාව
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Oct 04, 2019 11:55 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Oct 02, 2019 6:46 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Oct 01, 2019 1:29 pm by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Sep 26, 2019 5:05 pm by mymoney

» Cracks in the Real Estate Sector
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» Films - To Watch List
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» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Sep 20, 2019 7:53 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Sep 19, 2019 4:33 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Sep 19, 2019 12:49 pm by Ethical Trader

» Trading Journal
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» Thought for the day...
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Sep 17, 2019 5:44 pm by sashimaal

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
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»  Rajgama Heroes !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
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» Browns Investments update
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» Hayleys MGT
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
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» Tourism Sector
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» Thread for News on CSE and SL Economy
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» TJL.N0000 (Textured Jersey Lanka PLC.)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
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» Tokyo as at 21.08.2019 Morning
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» අනං මනං! #/+?.<>
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» What Would You Do?
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» Back of the Legends
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:26 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 17, 2019 12:44 pm by nuwanmja

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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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