Canada’s Fairfax Financial has last Thursday (9) bought a 10.7 percent stake in one of Sri Lanka’s premier blue chip companies, John Keells Holdings PLC (JKH), for Rs. 22.7 billion from Malaysia’s sovereign fund Khazanah Nasional Berhad.
Sri Lanka’s State Minister of Tourism Promotion Arundika Fernando has reportedly said that the country’s Tourism Ministry has over 2,500 acres of land with clear title available for both local and foreign investors.
Sri Lanka’s LankaPropertyWeb.com, which has become one of the most popular place for properties along with House.lk, has reportedly started a new chapter in its journey by establishing a ‘Property Centre’ (PC) in Colombo.
Sri Lanka’s tourism authorities have reportedly stated that despite 2019 being a tough year for the country’s tourism industry, Sri Lanka has achieved the revised tourists’ arrival target for 2019 which stands at 1,913,702 as of December 31, 2019.
Lankatiles, which is Sri Lanka’s pioneering wall and floor tile manufacturer, has reportedly announced that it would be entering the globally-competitive mosaic tiles segment.