Shangri-La launches Rs. 200 million luxury apartments in Colombo

The Hong Kong based Shangri-La Group has launched its luxury apartments being constructed under its USD 608 million investment mixed development project at Galle Face in Colombo. The prices of these luxury apartments range from USD 700,000 (approximately Rs. 95 million) to USD 1.5 million (approximately Rs. 204 million) each, says Shangri-La. According to the developers, the smallest apartment is …

Sri Lanka, China end stalemate over Colombo Port Project

Mar 27, Colombo: Sri Lanka and China have ended the stalemate over the Chinese-funded US$ 1.4 billion mega development project suspended by the new government and agreed to put the project back on track. Sri Lanka’s new President Maithripala Sirisena, who is visiting China for the first time since he assumed office, had successful discussions with the Chinese leaders affirming …