Economic and Development News
Reports on Sri Lanka's economic status, stock market activity, and major infrastructure projects. Includes discussions of economic indicators, construction progress, and financial market developments.
Port City's piling 60% complete, VFIN's stock 26% gone, and somehow we're celebrating being upper-middle-income while our construction projects move faster than our stock portfolios collapse. The real groundbreaking here is how we managed to advance economically while our investors are clearly regressing.
Bizwire: From Groundbreaking to 60% Piling in Under Three Months Central Park Boulevard is taking shape rapidly at Port City Colombo, with 60% of piling work already completed less than three months after groundbreaking. Home Lands says construction is currently 10% ahead of https://t.co/CpeLS7zBpH
🇱🇰📈 **SRI LANKA IS NOW AN UPPER-MIDDLE-INCOME ECONOMY ACCORDING TO THE WORLD BANK, WHILE INDIA REMAINS LOWER-MIDDLE-INCOME — AND THAT SHOULD START A SERIOUS CONVERSATION ABOUT PER-CAPITA PROSPERITY. 🇮🇳** #SriLanka #India #WorldBank #IndianEconomy #SriLankaEconomy https://t.co/GuzJFKmaN9
Will today's 3 mn share trade in #VFIN be enough to halt share's decline? Seller was likely #6 shareholder, the largest outsider Was sale due to a margin call or running out of patience? Despite strong results, VFIN has fallen -26% over past year vs +2% gain in #CSE ASPI #lka https://t.co/fFzqbjNRHY https://t.co/EY7ZNQxgyb