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…
Fitch Ratings expects growth in sales of automobiles, mostly small cars, in Sri Lanka to slow in 2016 due to higher taxes and a weaker currency, which will increase prices of vehicles in the local currency. Tighter regulation on vehicle loans will also impact affordability for buyers. Registrations of new vehicles increased 375% in the…
FireEye, a globally renowned, U.S.-based cyber security company last week engaged senior officials from Sri Lankan businesses about the risks of advanced cyber attacks and how organizations can defend themselves. The three-member FireEye delegation, including Technical Director Steve Ledzian, Regional Sales Director for Vietnam, Indonesia and New Markets Terrance Maximus Tangit and Regional Channel Manager…
They will save millions of lives and are a matter of when, not if, according to the man behind the driverless car brain that could lead the automotive market as soon as 2030. Dave Ferguson, 35, supervises the development of the computer brain controlling Google’s driverless car — currently being made by a team of…
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