Sri Lanka’s Cabinet of Minister has reportedly approved a US$ 250 million mixed development project by Shangri La Group to build an apartment and shopping complex in the country’s commercial capital, Colombo.
Despite a drop in Sri Lanka’s growth from 3.7% in the first quarter of 2019 to 1.6% in the second quarter, after bomb attacks in April 2019 severely hit tourism and disrupted the economy,
President of the Ceylon Institute of Builders (CIOB) and a Vice President of Chamber of Construction, Dr. Rohan Karunaratne has reportedly stated that the reduction of tax components in the construction industry
The World Bank has announced its approval for a US$ 25 million loan to Sri Lanka aimed at improving the transparency and efficiency of core government and public financial management functions.
Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) is reportedly looking at opening up more blocks of the Mannar Basin for exploration opportunities next year.