Ms. Gagan Singh, Chairperson – Jones Lang LaSalle Sri Lanka In office real estate, vacancy levels in prime commercial areas play a vital role in deciding who shall have the better bargaining power while executing the transactions. Minimal vacancy levels in commercial pockets give developers an edge while negotiating. Office occupiers always find it tough…
Companies with 30 per cent female executives rake in as much as six percentage points more in profits, according to a study, feeding into a global debate over the scarcity of women in decision-making business roles. The conclusion stems from a study of about 22,000 publicly-traded companies in 91 countries ranging from Mexico to Norway…
New research reveals 79 percent of real estate agents surveyed in Sri Lanka believe interest in green buildings increased between 2014 and 2015. This is according to the recently-released Lamudi Real Estate Market Report, which shares insight into sustainability in Sri Lanka. One survey conducted by Lamudi Sri Lanka showed over 64 percent of respondents…
Global property portal releases new research on local property industry A new survey has revealed 41 percent of Sri Lankans believe demand for houses will increase in the next 12 months. According to a newly-released report from Lamudi Sri Lanka, over 50 percent of respondents expect demand for both affordable and luxury apartments to grow…
Registrations of Maruti model motorcars have reportedly dropped by 31 per cent in Sri Lanka during December 2015. While 5,631 Maruti motorcars had been registered in Sri Lanka during November 2015, this number has dropped to 3,882 in December. The highest number of Maruti registration has been during the month of September in 2015 with…
Professor (Capt.) Nalaka Jayakody continuous to urge authorities, government and the people of Sri Lanka to tap into the enormous opportunities of seafaring by investing, collaborating and promoting the profession both locally and globally. With the country being strategically positioned and blessed in abundance of resources with access to affordable first-class maritime training, Sri Lanka…
As the New Year begins, the big question on all real estate professionals’ lips is: what will 2016 hold? Migration away from capital cities, infrastructure improvements and increased international interest from investors are just some of the expected developments for real estate markets within emerging nations, including Sri Lanka. 1. App focus Mobile is driving…
The world market prices of oil is rapidly falling with a barrel of WTI crude recording a low of USD 35.62 and a barrel of Brent crude recording USD 37.93. This has been the lowest prices to be recorded since 2003. This is the first time since 2003 that the world market price of a…
Makers of alcoholic beverages in Sri Lanka will be able to pass on back to back increases in excise duties to consumers without worrying about them shifting to the more affordable illicit market, Fitch Ratings says in a new report. Rising disposable income will absorb the higher duties, and Fitch believes the inelastic demand and…
By Sarah Hettiaratchi, Project Executive – Pathfinder Foundation The Maritime Silk Road (MSR) and Economic Belt policy initiatives unveiled by President Xi Jinping in 2013 were identified as significant elements of an overall Chinese attempt to leverage China’s growing economic power and influence along its geographic boundaries. The objectives of this enormous development initiative is…
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