By Imsha IqbalEconomist and Samagi Jana Balawegaya (SJB) Parliamentarian Dr. Harsha de Silva yesterday (21) during a parliamentary session disclosed that no investors have come forward to invest in Selendiva Leisure, a state-owned property development entity. He said that the reason why investors have not come is the state of the economy and demanded the Government to provide details of the investors who have come forward to invest in Selendiva Leisure. Ltd. (owning company of Hilton Colombo), Hotel Developers (Lanka) Ltd., and Grand Oriental Hotel have been vested with Selendiva Investments at present. Under this, it has been identified to implement three investment portfolios: The Heritage Square in Colombo Fort, real estate development, and the state-owned hospitality sector. Nevertheless, the Opposition raised several concerns following the announcement that Selendiva Leisure would be listed on the Colombo Stock Exchange (CSE).

Source: The Nation September 21, 2021 18:45 UTC