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Monday June 3rd, 2024
Construction and Real Estate

Sri Lanka's Port City says Covid-19 positive China workers linked to another site

CHEC Port City Colombo, which has reclaimed the sea off Sri Lanka's capital says four workers from China that tested pos...

November 14, 2020 2 min read

China construction workers in Sri Lanka hit by Coronavirus

Four Chinese nationals working in a construction site in Sri Lanka's capital Colombo and two locals have been confirmed ...

November 13, 2020 1 min read

India ITC hotel Covid-19 workers in Sri Lanka for over a year

Construction workers linked WelcomHotels Lanka (Pvt) Ltd, a unit of India's ITC group has been resident in Sri Lanka for...

November 12, 2020 1 min read

Sri Lanka rents falling on expat exit, Covid-19 but low rates help real estate buys

Sri Lanka's Coronavirus crises and an exit of expatriates have lowered rents but real estate is attractive medium to l...

October 26, 2020 7 min read
Sri Lanka construction contractors look for foreign projects as currency crisis slams sector

Construction firms had been operating in the Maldives and the Middle East during a 30-year war

Sri Lanka's Chinese-built Lotus Tower limits visiter time to 20 minutes

The tower was initially opened in 2019, but triggered controversy over its purpose.

Sri Lanka cement imports surge in May, production up

Sri Lanka's cement imports have surged in May 2018 and domestic production has also picked up slightly ending steep cont...

August 23, 2018 2 min read

Demand for Sri Lanka office space, apartments strong: RIU

ECONOMYNEXT – Demand for office space and apartments will remain strong in Sri Lanka, despite a rapid increase in...

August 20, 2018 2 min read

Sri Lanka's Lanka Walltiles group June quarter profit down 72-pct

ECONOMYNEXT – Profit at Sri Lanka's Lanka Walltiles group fell 72% to 47 million rupees in the June 2018 quarter ...

August 15, 2018 2 min read

Sri Lanka's Alumex to be export competitive with new plant

Alumex Plc, which has commissioned Sri Lanka's largest aluminium extrusion plant says it is eyeing exports and plans to ...

August 15, 2018 4 min read

Sri Lanka's Royal Ceramics June profits down 33-pct

ECONOMYNEXT- Royal Ceramics Plc, the dominant tile and sanitary ware group owned by Sri Lankan tycoon Dhammika Perera, p...

August 14, 2018 1 min read

Sri Lanka's Tokyo Cement in the red, vessel sale adds to loss

Sri Lanka's Tokyo Cement Plc, which operates grinding plants and bulk cement lost 605 million rupees in the June 2018 qu...

August 10, 2018 1 min read

Investors cautioned on Sri Lanka light rail property price impact

ECONOMYNEXY - A light rail transit (LRT) system planned for Sri Lanka’s capital Colombo could inflate property p...

August 6, 2018 3 min read

High import taxes inflating construction costs, Sri Lankan developers say

High import taxes on ceramic tiles, sanitaryware and steel are keeping construction costs high, Sri Lankan developers ha...

July 19, 2018 2 min read

Sri Lanka national physical plan ready to enhance connectivity

ECONOMYNEXT – Sri Lanka’s government prepared an updated national physical plan to further enhance local a...

July 16, 2018 2 min read

Sotheby’s Realty to sell Sri Lanka Sapphire Residences apartments

ECONOMYNEXT – The Sri Lanka unit of Sotheby’s International Realty has been appointed as global marketing ...

July 6, 2018 1 min read
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Over a dozen firms shortlisted for Sri Lankan PropertyGuru awards

ECONOMYNEXT - More than a dozen Sri Lankan companies have been shortlisted for property industry awards to mark the vibr...

June 22, 2018 2 min read

Si Lanka’s McLarens in maintenance JV with Singapore’s Peak Engineering

ECONOMYNEXT – Sri Lanka’s McLarens Group has set up a joint venture with Peak Engineering & Consultancy (P...

June 15, 2018 2 min read

China, Sri Lanka construction chambers partner to compete for state projects

The Chamber of Construction Industry of Sri Lanka said it is teaming up with a counterpart organization of private build...

June 13, 2018 2 min read

Sri Lanka Royal Ceramics invests in OEM manufacture in India

ECONOMYNEXT – Sri Lanka’s Royal Ceramics group, the dominant domestic tile and sanitaryware manufacturer, ...

June 11, 2018 1 min read

Sri Lanka MTD Walkers lose Rs200mn in March

MTD Walkers, a Sri Lanka based construction and engineering group lost 200 million rupees in the March 2018 quarter, in ...

June 4, 2018 1 min read

Sri Lanka's Puritas eyes, Myanmar, Laos and Seychelles

Sri Lanka's Puritas (Pvt) Ltd, a unit of publicly traded Haycarb Plc engaged in water and waste water purification syste...

June 1, 2018 1 min read

Sri Lanka's Tokyo Cement in Rs285mn March quarter loss

ECONOMYNEXT – Sri Lanka’s Tokyo Cement Company (Lanka) PLC has reported a Rs285 million loss in the March ...

June 1, 2018 1 min read

Sri Lanka's Access Engineering sells university property at profit

ECONOMYNEXT - Sri Lankan construction group, Access Engineering Plc, has sold Horizon Knowledge City Ltd., subsidiary a ...

May 31, 2018 1 min read

UAE's Aspire Properties to build US$89mn Sri Lanka apartment complex

UAE based Aspire Properties Holdings Limited has been given the nod for an 89 million US dollar apartment complex projec...

May 28, 2018 1 min read

Sri Lanka's Blue Mountain seeks buyer for Borella property

Sri Lanka's Blue Mountain property group, is seeking a buyer for a land in Borella, a suburb on Colombo, where a partial...

May 24, 2018 1 min read
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