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However, development of the concept came to a halt with the change of the government in 1994. [9] In 2004, the Singaporean Housing and Development Board's design subsidiary CESMA created the Western Region Megapolis plan. When Wickremesinghe returned to power and the proposal was submitted to the Board of Investment (BOI), however, the end of ...
As a Special Economic Zone (SEZ) governed by the Colombo Port City Economic Commission (CPCEC), Port City Colombo aims to be a business-friendly environment for investors. . The SEZ includes tax incentives and exemptions of up to 25 years for Businesses of Strategic Importance (BSIs), transactions in 16 designated foreign currencies with no capital or exchange controls, 100% foreign ownership ...
Sri Lanka's commercial and economic centres, primarily the capitals of the nine provinces are connected by the "A-Grade" roads which are categorically organised and marked. Furthermore, "B-Grade" roads, also paved and marked, connect district capitals within provinces. The grand total of A, B and E grade roads are estimated at 12,379.49 km. [144]
More than 90% of Sri Lanka's surface lies on Precambrian strata, some of it dating back 2 billion years. [6] The granulite facies rocks of the Highland Series (gneisses, sillimanite-graphite gneisses, quartzite, marbles, and some charnockites) make up most of the island and the amphibolite facies gneisses, granites, and granitic gneisses of the Vijayan Series occur in the eastern and ...
The geography of Colombo consists of both land and water. The city has many canals and, in the heart of the city, the 65-hectare (160-acre) Beira Lake . [ 25 ] The lake is one of the most distinctive landmarks of Colombo and was used for centuries by colonists to defend the city. [ 25 ]
Wall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holiday. The S&P 500 climbed 1% ...
The Central Province (Sinhala: මධ්යම පළාත Madhyama Paḷāta, Tamil: மத்திய மாகாணம் Maddiya Mākāṇam) is one of the nine provinces of Sri Lanka. The province has an area of 5,674 km 2 and a population of 2,421,148, making it the 2nd most populated province.
Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the ...