'45% govt shares a must to venture resort development'

2 days ago

State-Owned Enterprises (SOEs) have been required to maintain a minimum government shareholding of 45 percent to qualify for the lease of lagoons or land designated for resort development. The requirement is set out in a newly introduced regulation governing the lease of islands, land, and lagoons to state-owned companies for the development and operation of tourist resorts and integrated tourist resorts.