Land Valuation Indicator – Second Half of 2022 Land Valuation Indicator (LVI) for Colombo District increased by 14.8 per cent on a year-on-year basis to 205.2 during the second half of 2022. All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase. Commercial LVI recorded the highest annual…
Achintha Hewanayake is a Veteran banker, Accountant, and IT specialist. CL Synergy Limited (CLS), is a fully-fledged Freight forwarding company, prioritizing flexibility, efficiency, and competitive pricing. Founded in 2004, CLS firmly believes in challenging the status quo. This is part of the ‘why’ that the company operates on and is very much part of its…
Overseas buyer interest in Sri Lankan properties increased by 40% in 2022, compared with the year before, according to the Real Estate Market Outlook Report 2023, published by Sri Lanka’s leading real estate portal, LankaPropertyWeb. The report said that traffic from overseas countries such as the United Kingdom, Australia, the United States, Canada, and Middle-Eastern…
Sri Lanka Satisfaction has declined. Verité Research releases the results of the “Mood of the Nation” poll for February 2023 Another round of the Gallup Style “Mood of the Nation” poll was conducted in early February 2023 by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government,…
President Trump in 2017 offered an alternative to China’s Belt and Road (BRI) & invited others to create the QUAD. By 2018 the Indo Pacific region was the topic on the tables in the US. Then France was shown the door but the submarines. In 2020 COVID – 19 affected all. While Trump called it…
AI, business messaging, cross-border shopping, virtual and augmented reality, creators, online shopping, and short-form video. Meta’s APAC VP looks at what should brands focus on this year. I usually start the year by sharing what I know with businesses about the social media trends intersecting with business across our platforms. Social networks, creators/influencers, friends, and…
As per the Chinese calendar 2023 is the year of the rabbit and rabbits were shown all over the world. However, the image of three-rabbits that can be found in China & in some other countries are considered as symbols of cultural exchanges between Great China & other civilizations during the prime of the ancient…
Mercia Rubber Products, Colombo 02 was founded by the late Sam Wijesekera in 1910. During the British Raj on one occasion the Galle Face hotel had not allowed the late Muhammad Macan-Markar of Galle to enter the hotel as he was clad in a sarong. That day Mr. Macan-Markar had decided to build a building…
Highlights Earnings from exports remained resilient during 2022 recording the highest ever exports, while expenditure on imports declined significantly in 2022, compared to 2021. Merchandise trade deficit recorded the lowest in 2022, since 2010. Foreign investments in the government securities market and Colombo Stock Exchange (CSE) recorded a notable net inflow during 2022 compared to…
The mercury refuses to budge in the midst of a growing number of economic sensitivities In its mid-January Global Economic Prospects publication, the World Bank revised its forecast for Sri Lanka’s economic contraction in 2022 to 9.2 percent and projected that the nation will face another year of negative growth estimated at 4.2 percent in…
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