WEEKL NEWS HIGHLIGHTS (JUNE 20TH TO JUNE 24TH)
- SRI LANKA
- Weekly Treasury bill averages steady for first time in five weeks
- Currencies hit by firm dollar ahead of Fed chair testimony, stocks slip
- Sri Lanka sued by Bondholder in US following historic default
- JKHs to raise equivalent of USD 75 mn via unlisted convertible debentures to Fairfax Financial
- Sri Lanka Treasury bill auction failed despite forex shortages, inflation
- Sri Lanka stocks edge up in thin trade; investors see slowing trend to continue
- NCPI based headline inflation accelerates further on year-on-year basis in May 2022
- Trillium Property Management holds groundbreaking ceremony for duplex apartment project
- Rangiri Holdings to invest Rs 300 mn on residences for senior citizens
- SL’s inflation hits 45.3% in May, highest this year
- 93 b Treasury bill auction in focus
- Stock market returns to positive territory
- Sri Lanka rupee quoted weaker at 370 to the TT dollar
- ITC One Colombo development achieves key milestones towards 2023 completion
- Millennium Housing Developers launches ‘River View’ Katunayaka
- Sri Lanka stock gains over 1.5-pct in mid-day trade
- Blue Ocean Group Stands Tall During Challenging Times
- Positive response from Indian companies to invest in SL-PM
- Manufacturing PMI increase by 13.9 index points in May
- Cabinet nods 40 year tax holiday to woo FDI
- ITC One Colombo project represents pioneering environmentally efficient development
- Bond yields increase ahead of T-bill auction
- Secondary market bond yields steady
- Secondary market bond rates nosedive
- Colombo bourse dips further
- Colombo Bourse halts trading after index drops 5%
- SLTDA moots tourism revival plan targeting over 800,000 arrivals
- Sri Lanka forex reserves up in May to US$1912mn
- Sri Lanka shares slump to one-month low; foreigners exit after PM’s cautioning
- BANGALADESH
- Secondary market for flats, commercial spaces booming
- Stagflation: a looming crisis
- Drive for budget deficit financing gets going
- Strong GDP growth, higher toll means Padma Bridge will pay for itself
- Stocks keep falling
- Padma bridge not part of China’s BRI initiative, clarifies Bangladesh
- As Taka weakens, foreign investors take away Tk6,000cr from stocks
- Inflation hits eight-year high
- Govt missed opportunity to contain inflation: experts
- SANEM’s Selim Raihan wants govt to rethink mega projects
- One USD now costs Tk 91.95
- Addressing inflation should get priority in the budget
- Dhaka stocks break gaining streaks
- Economist Zahid Hussain suggests a shift from conventional deficit budget
- Actual inflation higher than official figures, CPD economic review observes
- VAT from retail outlets rises 10 times on EFD use
- UK
- Shared Ownership homes launch at Orchard Wharf in Tower Hamlets
- UK interest rates raised to 1.25% by Bank of England
- UK inflation hits 9.1% as prices rise at fastest rate for 40 years
- Real estate investment platform launches bespoke secondary market to increase liquidity for investors
- NatWest Provides £21.3m Debt Funding For Cheyne Impact Real Estate Project In Manchester
- Major development for 60 apartments at prominent Black Country
- New shared ownership homes in Colchester City
- London: Shaftesbury and Capital & Counties Properties merge in $6 billion deal
- UK house prices surge 0.9% month-on-month in May: Nationwide
- UK annual house prices slow for third month in a row: Halifax
- New Shared Ownership Homes Launching at L&Q’s The Arbour
- Concerns over the property market are overstated
- GLOBAL
- Fast Rising Mortgage Rates Now Impacting Miami Home, Condo Sales
- Global stock markets fall as economy fears grow
- Kotak Investment Advisors & ADIA set up $590 million platform to invest in office assets
- Commercial Mortgage Debt in U.S. Hits Record $4.25 Trillion in Q1
- Inflation will not fall to 2% target for two years, Fed’s Mester says
- Demand for Expanding Japan’s Logistics Infrastructure Continues to Grow in 2022
- S. Housing Industry Reacts to Fed’s Historic Rate Hike
- China new home prices fall again in May 2022, more stimulus expected
- Turkey set to cap rent increases at 25% as inflation soars
- Hong Kong Airport City: Supercharging Growth
- Hong Kong’s Office Market Picks Up Steam From Relaxed Covid Restrictions
- Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling