No decline in demand for land
Despite high interest rates and current economic
conditions the demand for land in Sri Lanka has not declined.
Speaking to Daily News Business a representative of Tharanga Land
Sales said there is a no decline in the land prices and demand.
Prices of the land has increased by 50 per cent.
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Small, medium hotels get Rs 600 million
The Sri Lanka's Small and Medium Tourist hotels
will receive Rs. 600 million to refurbish their properties. This
credit facility is extended to them through the European Investment
Bank. It will be dispersed through DFCC and Bank of Ceylon.
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LOLC launches Shari'ah compliant financing
Lanka ORIX Leasing Company PLC (LOLC), an
innovative Financial Solutions provider in Sri Lanka launched a
range of Shari'ah complaint financial products (financing done in
accordance with Islamic Principles) yesterday.
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