Category: Real Estate & Construction
Sri Lanka Purchasing Managers’ Index for Construction indicates expansion in Jan
Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction) indicates an expansion in construction activities in January 2024, as reflected by the Total Activity Index, which recorded an index value of 52.9. This marks the first time that the index exceeded the neutral threshold since January 2022. Many respondents mentioned that new construction work […]
‘s rating
Fitch Ratings has withdrawn Home Lands Skyline (Pvt) Ltd.’s (HLSL) National Long-Term Rating. Prior to the withdrawal, HLSL’s National Long-Term Rating was ‘A(lka)’ with a Negative Outlook. Fitch is withdrawing the rating because the agency does not have sufficient information to maintain the rating. Therefore, Fitch will no longer provide analytical coverage or ratings for […]
Port City Colombo hosts networking session with Chairman of Commonwealth Enterprise and Investment Council
Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), recently at the Port City Colombo Sales Gallery. Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s investment promotion drive, […]
Land price movement at its flattest in many years: RIUNIT
The Research Intelligence Unit says that during the firms extensive 21 years of tracking land prices in Sri Lanka, the current period stands out as the flattest so far. In the aftermath of the economic crisis, we noted that the anticipated rebound in land prices has proven to be a more sluggish than first expected. […]
Meeting with the Deputy Managing Director of CHEC Port City Colombo
Deputy Managing Director of CHEC Port City Colombo Thulci Aluwihare met the Deputy High Commissioner of Sri Lanka in Southern India Dr. D. Venkateshwaran and Minister [Commerce] of the Deputy High Commission G. L. Gnanatheva on 15 December 2023. During the meeting, they discussed the importance of sourcing Southern Indian investments for the Port City […]
Colombo Port City Economic Commission Welcomes Three Major Sri Lankan Commercial Banks
The Colombo Port City Economic Commission (the Commission) is pleased to announce that three of Sri Lanka’s leading commercial banks—Commercial Bank, Hatton National Bank (HNB), and Sampath Bank—have been issued an Authorized Persons (AP) license from the Colombo Port City Economic Commission. This significant development marks a major milestone in the development of the Colombo […]
DFC Commits Half Billion Dollars to Port Infrastructure in Colombo, Sri Lanka
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the Port of Colombo, Sri Lanka, that will provide critical infrastructure for the South Asian region. The new terminal reflects DFC’s commitment to financing high-quality infrastructure […]
‘s real estate market trends
In a significant stride towards fostering transparency and informed decision-making within South Asia’s real estate landscape, the Research Intelligence Unit (RIUNIT) unveiled a series of reports during the 8th Islamic Finance Forum of South Asia, held on recently at the Shangri-La hotel in Colombo. These reports provide a holistic view of the real estate markets […]
David Cameron kicks off Port City Colombo’s global investment drive
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and real estate industries, converged in the iconic settings of the Ritz Carlton in Abu Dhabi and the Armani Hotel at Burj Khalifa in Dubai to explore, understand, and assess the investment potential of Sri […]
David Cameron to address Port City Colombo UAE Roadshow unveiling Opportunities & Incentives
Port City Colombo is set to launch a Roadshow in the UAE showcasing investment opportunities and incentives for global investors. This significant event marks the initiation of a key global marketing drive, inviting investors from across the world to explore the diverse investment prospects available at PCC. Former UK Prime Minister David Cameron will address […]
Mastercard and Colombo Port City Economic Commission Sign MoU for City Possible
Mastercard and Colombo Port City Economic Commission today announced the signing of a Memorandum of Understanding (MoU) to collaborate by leveraging Mastercard’s City PossibleTM platform for the development of Port City Colombo, an export-oriented, multi-service-focused Special Economic Zone. Colombo Port City Economic Commission envisions positioning Port City Colombo, as a modern, sustainable, Smart City, and […]
SL Purchasing Managers’ Index (PMI) – Construction Industry
The construction industry remained contracted in June 2023, recording a total activity index value of 44.4 with most of the companies operating at a sub-optimal level amidst the limited availability of construction projects. buy cenforce online http://sinusys.com/images/icons/png/cenforce.html no prescription pharmacy However, several respondents mentioned that the steady decline in material prices has induced to commence […]