Prime Lands Residencies Expects Rs.10B Cashflow from Pre-sold units over next 2-3 years
The latest IPO entrant to Colombo Stock Exchange (CSE), Prime Lands Residencies (PLR) expects nearly Rs 10 billion cash flow over the next 24-36 months from its pre-sold apartments stock,…
Shares back in RED after a rollercoaster ride
The Colombo Bourse today continued to play on a rollercoaster movement throughout the session reverting ASPI back to negative posture “The index spiked in the first few minutes and then…
Former US Ambassador to UN Samantha Power Secures Senate Vote to Become the New USAID Administrator
The Former United States (US) Ambassador to the United Nations (UN) Samantha Power was confirmed by United States Senate as the nineteenth Administrator of the United States Agency for International…
Sri Lanka’s GDP to grow by 4.1% in 2021 – ADB
Sri Lanka’s Gross Domestic Product (GDP) is projected to grow by 4.1% recovering from the Coronavirus crisis on an expansive budget and stronger global demand with a marked rebound expected…
Hayleys Fabric to Become the largest fabric manufacturer in Sri Lanka After Acquisition of Ambeon’s South Asia Textiles
Dhamike Perera-controlled, Hayleys Fabric PLC (MGT) entered into an agreement with Ambeon Holdings PLC (GREG) yesterday (22nd April) to acquire the fourth largest fabric manufacturer in Sri Lanka South Asia Textiles…
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The real estate industry needs to transform to serve the needs of people and cities
The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic…
Supreme Court to further consider petitions challenging Colombo Port City Economic Commission Bill tomorrow
The Supreme Court today postponed further consideration of the petitions filed challenging the ‘controversial’ Colombo Port City Economic Commission Bill until 10 am tomorrow (20th). The Bill aims to provide…
EU backs U.S. call for global minimum corporate tax, but rate to be decided
(Reuters) – The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in…
IMF, World Bank Begin Push To Swap Debt Relief For Green Projects
(AFP): The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week during the spring meetings of the IMF and World Bank, with…
Policy Rates to Hold Steady As Indicators Make Headway – First Capital Research
The Monetary Board of the Central Bank of Sri Lanka (CBSL) is widely expected to hold policy rates steady in the upcoming Policy Review meeting, according to First Capital Research…