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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln

    sashimaal
    sashimaal
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    Posts : 5785
    Join date : 2014-02-28

    Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln Empty Shangri-La hikes Sri Lankan investment by 60 pct to $800 mln

    Post by sashimaal Mon Mar 13, 2017 5:28 pm

    COLOMBO, March 13 (Reuters) - Hong Kong-based Shangri-La Asia has increased its investment in Sri Lankan properties by 60 percent to $800 million, in order to meet demand for larger-than-planned apartments in Colombo, an official said on Monday.

    The international hotel brand had originally planned to invest $500 million in a 541-room hotel and 390 apartments in Colombo and another 300-room resort in the island nation's southern district of Hambantota.

    "Investment has increased because of the project enhancement," Neluka de Alwis, head of sales and marketing at Shangri-La Hotels Lanka (Private) Limited, told Reuters.

    The company has changed the design of the apartments due to demand for larger units, de Alwis added.

    Shangri-La, in 2012, had estimated that the total cost of the project could climb by 10 percent to $550 million due to last-minute design changes.

    De Alwis said the Colombo hotel was expected to be completed by 2017, later than an initial target of 2015, while the apartments, shopping complex and conference facilities would be finished by 2018.

    Shangri-La has already opened the resort in Hambantota, where Sri Lanka is considering creating a special economic zone for Chinese investors.

    The 300-room Hambantota resort on 145 acres of beach-front land is the first of the two luxury property projects in Sri Lanka that the Hong Kong-listed group has planned in a bid to cash in on the boom in tourist arrivals following the end of the country's 26-year war nearly eight years ago.

    Sri Lanka's tourist arrivals and revenue from tourism hit record highs in 2016.

    Shangri-La Hotels and Resorts currently manages 99 hotels around the world under the Shangri-La brand with a room inventory of over 40,000.

      Current date/time is Sun Sep 01, 2024 5:29 am