Economics

11,000 Acres from Kantale Sugar Company Allocated for Crop Cultivation

  • October 11, 2024

President Anura Kumara Dissanayake has instructed officials to allocate 11,000 acres of land owned by the Kantale Sugar Company to farmers for short-term crop cultivation. Each farmer will be provided with plots not exceeding five acres, ensuring an equitable distribution of land. During a meeting at the Presidential Secretariat with officials from the Agriculture, Lands,

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Economics

Sri Lanka Negotiates Hilton Colombo Building Sale Price

  • July 26, 2024

Sri Lanka is still in negotiations regarding the sale price of Hotel Developers Lanka Ltd, which owns the Colombo Hilton, according to the State-Owned Enterprises Restructuring Unit (SOERU). While four parties were pre-qualified, only Melwa Hotels & Resorts (Pvt) Ltd submitted a financial bid, as reported earlier in July. Negotiations with Melwa are ongoing, and

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