Condominium boom continues
‘OnThree20’ already pre-booked:
Over 300 units out of the 475-unit ultra luxury
condominium “OnThree20” built at Union Place, Colombo 2 have been
pre booked. This may be the first instance in Sri Lanka that over 70
percent of a condominium has been pre-booked even before the piling
is completed, clearly underlining the demand for city living, Chief
Architect of the Project Athula Amarasekera said.
Boost for research based industries in budget
Holcim Lanka is encouraged by this year’s budget
proposal to go ahead with their plan to invest US$ 350 million to
upgrade three plants in Trincomalee, Puttalam and Galle. Holcim
Lanka General Manager Asela Iddawela said the company has the raw
material to increase local cement production in the long run.
Alcatel-Lucent doubles revenue in Lanka
Sri Lanka will soon have a 100 percent
penetration on the mobile market Alcatel-Lucent Asia Pacific
President Rajeev Singh-Molares said. A 10 percent increase in mobile
penetration leads to a one percent increase in low medium income GDP
a World Bank study had revealed.