Sri Lanka will start a nation-wide property tax and a gift and inheritance tax with minimal exemptions, according to a deal reached with the International Monetary Fund and the government.
Sri Lanka secures $3 billion bailout package from IMF
The International Monetary Fund has approved a much-awaited bailout package worth $3 billion for Sri Lanka, officials of the international body confirmed on Tuesday, announcing aid that was termed …
IMF announces Sri Lanka programme aimed at island’s economic recovery
The objectives of the EFF-supported programme are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock Sri Lanka’s …
Why Nepal Suffered Fewer Fatalities Than Turkey In Similar Quakes
In Nepal, a property or house is not registered; instead, the land is registered. In recent decades Nepal placed a new rule to register apartments in high-rise buildings for housing development. The …
EU, UK Sanction Policy to Be Faced with Iran’s Proportional Response: FM
Iran’s Foreign Minister Hossein Amirabdollahian said the European Union and the UK’s recent repetitive move to impose sanctions on Iranian targets will be met with a proportional response from Tehran.
Scientex enters JV in foray into Indonesian property project
Scientex Bhd has entered into a joint venture with Indonesia’s Mustika Land and Japan’s Creed Group as it makes its maiden foray into building affordable homes in Indonesia.
The systematic evolution of the real estate sector in India
Real estate has been an important part of Indian society for centuries, with a rich and diverse history. The evolution of the real estate industry in India can be traced back to the ancient …
Suriya buys multi-crore property in Mumbai; planning to move out of Chennai permanently?
Reportedly, Suriya has purchased an uber-luxurious apartment in Mumbai for a whopping amount of Rs 70 crore. According to Indiaglitz, the apartment is in a built-up space of 9,000 sq.ft in a gated …
Expert pins growth hopes on real estate, consumption
Yao Yang, dean of the National School of Development at Peking University, said in a recent seminar that he expects China’s 2023 GDP to achieve growth between 5.3 percent and 5.8 percent, with …
Japan’s Niseko attracts flurry of investment from Hong Kong
Residences with a starting price of 4.03 million Hong Kong dollars ($513,000) began selling in March to Hong Kong investors, who can stay in the property or rent it to visitors. Rosewood is part of …