The acquisition of the UK's ICI Paints by Dutch multinational, Akzo Nobel earlier this month will open out new vistas of business for ICI’s Colombo partner, CIC Paints with the new partner also having management control of the local company...

JKH’s hotel arm, Keells Hotels Limited (KHL) may lose one of its resorts in Maldives this March, according to informed sources. “Velidhu Island, which is a resort of 100 rooms has been sub-leased by KHL for a period of 11 years and 147 days, which is from November 1, 1996.

There were two interesting comments made when our reporters spoke to a cross-section of the people as to whether there were any economic benefits during the 6-year old truce which ended last week.