The Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank reached 138.9 during the second half of 2019, recording an increase of 10.4 per cent compared to the second half of 2018, the banking regulator said on Wednesday.
All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase. Residential LVI recorded the highest year-on-year increase of 10.7 per cent, while both the Commercial LVI and Industrial LVI increased by 10.3 per cent. Meanwhile, the LVI increased by 5.1 per cent in 2nd half of 2019 from 1st half of 2019. (BS)
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
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