The VCF Policy Framework has been developed as an essential document to enlighten States and Union Territories of the country with the concepts and the key idea behind introducing VCF mechanisms at the local level to enhance financial strength and thereby provide better infrastructure. In addition to the policy framework, a Guidance Note on one of the VCF tools – Impact Fees – has also been prepared to highlight the practical aspects of successfully implementing impact fees.
In September 2014, Gunewardene sold the majority of her shareholdings in Odel PLC to the Softlogic Group for Rs. 2.7 billion, after which Softlogic increased its shareholding and as of 30 June 2016, Softlogic held a 96.67% stake in the company. Softlogic Holdings PLC is a diversified conglomerate in Sri Lanka engaging in multiple industries such as ICT, Healthcare, Retail, Financial Services, Automobiles, and Leisure. According to 2019 financial reports, the conglomerate receives a net income of Rs 2.172 billion along with a revenue of Rs 13.123 billion.
The UDA collected approximately Rs. 10 Million in arrears, adding 11 of the 42 stalls at the premises were shutdown. The UDA board decided to lease it to the private sector to generate greater revenue. Department Of Valuation has forwarded that Rs. 120 Million should be obtained as an annual lease.
It intends to operate and manage Arcade Independence Square premises as a luxury boutique experience destination, adding its cluster of operating and managing high-end shopping malls in the country. Softlogic Group has already leased out considerable floor areas in the country’s leading shopping malls such as One Galle Face and Colombo City Centre.
The arcade with its immaculate appearance provides office spaces, commercial outlets, entertainment rooms and all other facilities while preserving its original architectural design and magnificence and is a testimony to the dedicated service of the troops towards another project of immense value and importance to the country, opening new opportunities for employment and function of offices.
These projects include:
Singapore is a hub for Dyson’s research and engineering teams, as well as commercial, advanced manufacturing and supply chain operations. Over 1,400 Dyson people work in Singapore, of whom 560 employees are engineers and scientists.
While Dyson may have moved to a new location, the philosophy is the same. The building itself underwent restoration works, including repainting and replacing building materials to preserve the original architecture of the building.
Temasek’s sources of funds come mainly from its investments as investor and shareholder.
The visual guide explains Temasek’s sources of funds and how they may benefit you, businesses or the community at large.