Sri Lanka launched a National Tourism Strategic Plan (2026-2031) and a Global Destination Communication Campaign Road Map, awarding the national planning consultancy to a JV including EML Consultants PLC and the global campaign work to international partners to boost investment, marketing and institutional capacity.
The government shortlisted five of eight bidders for the divestiture of its stake in Canwill Holdings, naming India's Chalet Hotels and Juniper Hotels and three Sri Lankan bids, including a consortium involving E M L Consultants (EML.N0000); pre-qualified bidders will proceed to the RFP stage.
ASPI ended marginally up at 23,960.16 (+0.03%) on turnover of over Rs.5.2bn. Capital goods led turnover (31%) driven by Colombo Dockyard and John Keells, while diversified financials and banks contributed 21% and foreign investors were net sellers of Rs.128.2m.
Aeroform Ltd acquired a 29.9% stake in EML Consultants PLC for Rs. 116.1 million, purchasing 27 million shares at Rs. 4.30 each. EML has 90.9 million shares outstanding and reported a net asset value per share of Rs. 2.11 at end-September 2025; Avanthi Jayatilake holds 51%.
E M L Consultants PLC has partnered with New Zealand Product Accelerator and Dr. Karnika De Silva to bring NZ materials and manufacturing expertise to Sri Lanka, targeting sustainable solutions for manufacturing and rubber products. The tie-up aims to de‑risk R&D, accelerate commercialisation and help SMEs access overseas markets.
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