The National Development Bank Investment Bank (NDBIB) of Sri Lanka has reportedly announced that it has arranged a US$ 12 million credit for The Hawks Private Limited,
Sri Lankan cable manufacturer, ACL Cables Plc, has reportedly stated that it has completed the planned purchase of 51 percent of shares in Cable Solutions Pvt Ltd for Rs. 480.7 million.
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