Sri Lanka’s condominium developers have halted new projects and building materials are skyrocketing with the collapsing rupee and import protection given to building material producers triggering a crisis in partially built apartments.
Although overall consumer sentiment remains pessimistic, the biggest gains were in future expectations suggesting the IMF funding agreement has lifted perceptions
The United States Agency for International Development (USAID) is to fund the construction of battery switching stations in Colombo for electric two-wheelers.
More choice for travellers at Dubai International Air Port following the increase of daily flights by FitsAir Sri Lanka’s first privately owned international airline, aviation ministry sourcess said.
As a consequence of the governments’ decision of finalizing the restructuring of the Ceylon Electricity Board (CEB), it has been planned to enhance power supply in several provinces mainly Southern Province using available resources.
