Colombo, May 27, 2025 (AFP) - Sri Lanka's leftist government begins privatisation

NAMPA / AFP

2025-05-27

Sri Lanka's leftist government said Tuesday it was selling a failed hotel project, marking its first privatisation move in line with an IMF bailout. Government spokesperson Nalinda Jayatissa said the cabinet had agreed to revive the previous administration's stalled process "of disposing of shares in Canwill", a fully state-owned company established in 2011 to operate hotels. The sale of Canwill marks the first major privatisation under the gover......

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