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Canwill Divestment Raises Legal, Fiscal, and Investor Confidence Questions - LNW Lanka News Web
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Canwill Divestment Raises Legal, Fiscal, and Investor Confidence Questions - LNW Lanka News Web
The Government’s renewed effort to divest its entire stake in Canwill Holdings Ltd. has reopened scrutiny of two long-stalled tourism projects—an unfinished mixed development in Colombo and a proposed hotel project in Hambantota—highlighting complex legal risks and broader economic implications. Canwill Holdings, incorporated in 2011 as a fully State-owned enterprise, was intended to anchor Sri Lanka’s push into high-end hospitality infrastructu…
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