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Prime Lands Residencies Plans Rs 1.95B IPO

A top real-estate developer and the leader in the mid-market residential condo segment, Prime Lands Residencies Ltd plans a Rs 1.95 billion Initial Public Offering (IPO) in the Colombo Stock…

Property Buyers Are Flocking Back To Residential Property Market – LankaPropertyWeb

Sri Lanka’s leading property portal, LankaPropertyWeb says that there has been an increase in real estate activity by property buyers and sellers since the turn of the year Sri Lanka’s…

Cinnamon Life to handover office and residential units at two towers in March

Sri Lanka’s largest mixed development, the $1 billion Cinnamon Life project announced the handover of units at ‘The Suites’ residential tower and ‘The Offices’ tower by March 2021, following delays.…

Cabinet directs Legal Draftsman to draft the Colombo Ports Commission Bil

The Cabinet of Ministers has approved a proposal instructing the Legal Draftsman to draft the Colombo Ports Commission Bill to place Colombo Port City as a leading investment hub in…

Sri Lanka faces worst decline as debt crisis looms

Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…

SEC expects an increase in access to capital for Sri Lankan corporates

In welcoming budget 2021, the Securities and Exchange Commission of Sri Lanka (SEC) said that the proposed measures would deepen the capital market activity with increased access to capital for…

A fresh approach needed in city and town planning amidst the new normal triggered by the Pandemic – Institute of Town Planners of Sri Lanka

Sri Lanka’s Town Planners urge for a fresh approach in urban planning by taking up the unprecedented challenges as well as opportunities posed by the global pandemic disrupting daily life…

Milliman begins operations in Sri Lanka acquiring a local Actuarial firm

Milliman, Inc., a premier global consulting and actuarial firm, announced that it will begin operations in Sri Lanka after an agreement to acquire Colombo-based Spark Actuarial Private Limited came into…

Hong-Kong based Alta Hospitality Asia fund eyes a prime real-estate in Galle

The newly launched Alta Hospitality Asia fund of Hong-Kong-based Alta Capital Real Estate eyes a prime real-estate in Galle to develop a premier wellness retreat with comprehensive facilities and luxury…

Sri Lanka’s cement volumes to recover in FY2022

Sri Lanka’s total cement volumes is forecasted to recover in 2022 financial year after an anticipated dip in 2021 financial year due to COVID-19 induced economic crisis, according to First…