WEEKLY NEWS HIGHLIGHTS (JANUARY 16TH TO JANUARY 20TH 2023)
- SRI LANKA
- “ASPI settles in green; recovers earlier losses”
- BOC eyes USD 4 Bn foreign remittance by end 2023
- “Port City Colombo Duty-Free Shopping Complex to open by April 2023”
- SL managed to save over US$ 1.2bn in forex through import restrictions
- Businesses express concerns on faltering demand amid higher tax rates
- T-bill yields continue to decline on debt talk progress
- First two weeks of January bring in 47,353 tourists
- Calls to diversify currency base of global debt and trade –IMF Deputy MD
- ICC Launches ‘The Residencies – Kotte’
- “Sri Lanka best place to travel in 2023”
- Money market liquidity turns positive driving yields down
- Money market liquidity turns positive
- BANGALADESH
- Bangladesh to see effects as global economy heading towards ‘recession’: BIPSS
- Bangladesh to be first in Asia to receive loan from IMF’s ‘Resilience and Sustainability Fund’
- Tk 56.51b project approved for elevated road over Kishoreganj haors
- Nigerian delegation requests for establishing economic zone for D-8 countries
- IMF to continue support for Bangladesh to be developed country by 2041
- UK
- MPowered Mortgages reduces rates by up to 0.27%
- Major planning reforms raise concerns with the London Assembly
- What does the new year bring for property managers?
- First-Time Buyer Developer Launches Rent-Free Homebuying Scheme
- GLOBAL
- Despite Growing Economic Concerns, Manhattan Office Leasing Up 14 Percent in 2022
- Record Number of U.S. Home Sellers Gave Concessions to Buyers in Late 2022
- As U.S. Inflation Hits 6.45 Percent in December, NAR Says Americans Still Falling Behind
- Homebuilder sentiment rises in January for the first time in a year, thanks to lower mortgage rates
- China’s economy looks set for a rebound in 2023, but a lot depends on one variable, KraneShares says
- Dubai continues to benefit from crisis and the Russia-Ukraine war, Damac chair says
- Vietnam’s house price growth accelerating
- UAE’s housing market shows signs of slowdown
- China reports 3% GDP growth for 2022 as December retail sales, industrial production beat estimates
- The condo king of Miami bets his new Fisher Island luxury project can weather a recession
- Commercial Property Investors to Target Secondary U.S. Markets in 2023
- As U.S. Inflation Hits 6.45 Percent in December, NAR Says Americans Still Falling Behind
- S. Mortgage Applications Increase in Early January
- UK’s Home REIT says two tenant firms missed payments for Nov quarter
- Real estate transactions in Dubai hit record high in 2022