‘Fakih’ looking for joint venture in SL
As investments in tourism sector continue to
rise, a leading global player in gifts and souvenir sector who is
known for items with cultural identities, is looking to partner in a
joint venture in Sri Lanka. “We like Fakih Group’s approach of
community engagement and eco-friendliness while making profits. I
welcome the Group to enhance their presence further in Sri Lanka
especially when at a time our tourism continues to surge,” said
Rishad Bathiudeen, Minister of Industry and Commerce.
Over 50 % of luxury apartments sold prior to completion-research
Research in luxury condominium development in
Sri Lanka shows that 50% of the units of most luxury apartments were
sold prior to the completion of the construction. Further research
also indicates that top end projects appear to perform better than
low-end apartments due to higher income levels in the Western
province, mainly Colombo.
Chicken demand up in 2011
Lanka’s poultry industry is expected to exceed
capacity in the years ahead due to the rapid expansion of major
players in the market. As a result of this margins are expected to
be affected in the coming years. However, the demand for chicken has
increased in 2011 with the rising tourism industry and the expanding
markets in the Northern and Eastern provinces.