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John Keells Hotels PLC to Divest Cinnamon Citadel in Rs. 2.77 Billion Deal with Dedigama Group
John Keells Hotels PLC has entered into an agreement to divest its controlling stake in the company that owns the well-known Cinnamon Citadel in Kandy. In a disclosure to the Colombo Stock Exchange, John Keells Hotels PLC said it has signed a binding agreement with Lavendish Leisure, the hospitality arm of the Dedigama Group, to
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Former SriLankan Airlines Chief Arrested Again Over 2013 Airbus Deal Controversy
FINANCIAL CHRONICLE – Sri Lanka has arrested the former CEO of Sri Lankan Airlines for a second time in the last seven years over a 2013 corrupt Airbus deal. A British court found that the French aircraft manufacturer paid US$2 million to a shell company set up in Brunei. The Airbus deal is one of
- Tankers Burn as Gulf Shipping Crisis Deepens in Strait of Hormuz
The escalating conflict in the Middle East has taken a… Read more: Tankers Burn as Gulf Shipping Crisis Deepens in Strait of Hormuz - Tourism in the Crosswinds of War
Sri Lanka’s tourism industry, which only recently began to recover… Read more: Tourism in the Crosswinds of War - Stranded in Paradise
MIDDLE EAST AIR CHAOS LEAVES THOUSANDS OF TOURISTS UNABLE TO… Read more: Stranded in Paradise
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