SHARE

Sri Lanka’s Minister of Finance Ravi Karunanayake on Friday said that the government is keen to streamline its portfolio of investments and will therefore exit partially or fully from certain ‘non-strategic investments’.

Accordingly, the Finance Minister said that the government will exit from Lanka Hospitals, Hotel Developers PLC (Colombo Hilton), Hyatt Residencies, Waters Edge, Grand Oriental Hotel, Ceylinco Hospital and Mobitel by listing such investments in the Colombo Stock Exchange during 2016.

“The monies generated through such listings will be used to retire high cost debt accrued by the Rajapaksa regime,” the Minister said presenting the 2016 Budget speech.