Business Times

Shangri -La objects to former Commercial property offer
Days after the Business Times hit the stands last Sunday with an explosive story on a deal being finalised to hand over the former Colombo Commercial Company (CCC) property located at a prime area in Colombo facing Beira Lake at Sir James Peiris Mawatha to a ’favoured’ blue chip group, a mega foreign investor is objecting to the sale on different grounds--- that a property he was offered was unfairly, much higher in price than the property deal in dispute.
 
Mark Mobius' Templeton invests in Laugfs

Global investor and emerging markets fund manager, Mark Mobius has invested in the recently concluded Laugfs Gas Ltd Rs 2.5 billion Initial Public offering (IPO) stockbrokers said, signaling possibly his Templeton fund’s second major foray into Sri Lanka. Earlier Mr. Mobius, in an interview with Business Times in November 2009, had said he would adopt a ‘wait and see’ policy in view of presidential/parliamentary elections and.

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