Reuters: The rupee ended higher on Thursday as dollar sales by a foreign bank helped currency forwards outpace importer dollar demand, but the market expects the rupee to be under downward pressure due to a rise in demand for imports, dealers said.
The Government’s biggest development project, the Western Province Megapolis, will commence on Thursday with the first phase of the Techno City, which is comprised of five technology institutes covering 25 acres of land that will eventually be expanded to a 1000-acre zone.
LOLC Group partners CMEC for Chinese giant’s first-ever JV in third party country
Creates 3 new islands in Maldives in pioneering concept
To build one 5-star and two 4-star resorts with 470 rooms
Acquires 2 more islands for 60-room 5-star and 120-room 4-star resorts
LOLC Group marked its first overseas leisure venture in the Maldives and also broke new ground in Sri Lanka-China relations last week, announcing its North Malé Resort Development project in partnership with State-owned China Machinery Engineering Corporation (CMEC).