An Echelon Media Company
Monday April 15th, 2024
Construction and Real Estate

Sri Lanka president asks new owners not to mortgage, sell houses

Tells Kajimawatte residents given new flats, 'this house will become your most valuable property

April 10, 2024 1 min read

Sri Lanka's Access to complete substructure of halted airport terminal

The work will also address the issue of deterioration of steel reinforcements

April 9, 2024 1 min read

Sri Lanka releases land held by military in North

Lands held by the Jaffna Security Force Headquarters in Jaffna were released to people

March 23, 2024 4 min read

Sri Lanka UDA to lease land to Ninewells, Access International for health venture

Urban Development Authority to lease land in Narahenpita to Ninewells Hospital and Access International

March 12, 2024 1 min read
Sri Lanka Railways squatters to be leased land, charged tax

Land and property occupied by squatters for over 10 years to be assessed, lease agreement to be signed

Sri Lanka to seek BOT investor for Galle leisure port

Mixed development projects would be set up on the filled land.

Sri Lanka to improve infrastructure on its hilly terrains

The rural development program will be implemented in 11 districts with mountains

Apsara Rodrigo
February 28, 2024 1 min read

Sri Lanka to lease Waters Edge land to Navy, Asoka College

Release of two blocks of land within premises of Waters' Edge, Battaramulla to the Sri Lanka Navy and Asoka Vidyalaya

February 27, 2024 1 min read

India begins construction of 1,300 houses for Sri Lanka plantation workers

Housing project financed by the Government of India to construct 10,000 houses for plantation sector workers.

February 19, 2024 2 min read

Sri Lanka house builders should look for the sun: SEA officials

When building, constructors should consider a place to install solar panels in a new house

February 14, 2024 1 min read

Sri Lanka land prices will come down in the future: Minister

Land prices in Sri Lanka will come down due to gifting deeds and long-term leasing of lands to investors

February 13, 2024 2 min read

Sri Lanka to lease plantation lands to export-related businesses

Lands held by the State will be provided on a long-term lease to businesses with a focus on export activities

February 13, 2024 1 min read

Land deeds for plantation families too: Minister

After Urumaya, Estate Infrastructure Minister pushes for land rights of estate people

February 10, 2024 2 min read

Sri Lanka to repurpose 5,000 acres of Cement Corporation land

Sri Lanka Cement Corporation, with 5,000 acres of land rich in mineral resources, is on the verge of being restructured

February 8, 2024 2 min read

Sri Lanka mulls exporting Hambantota port rocks

Feasibility of exporting up to a million tonnes of granite to be assessed

Apsara Rodrigo
January 30, 2024 1 min read

Sri Lanka to resume work on 600 roads from Feb

Until the debt restructuring process is completed road constructions were halted

Apsara Rodrigo
January 19, 2024 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka UDA properties draw interest from China, Japan, Korea investors

Could draw investments five times the value of Rs21bn

Nethmi Rajawasam
January 12, 2024 3 min read

Sri Lanka UDA to finalise investment for 22 development projects

Another 5 projects are in clearance.

Nethmi Rajawasam
January 11, 2024 2 min read

Realtors shy away from affordable housing: Industry analysts

Most realtors interested in building houses for the middle income and higher income group because profit margin is high

Apsara Rodrigo
December 15, 2023 2 min read

India to construct 10,000 houses in Sri Lanka plantation areas

The overall commitment of the Indian government under the project is 60,000 houses.

November 29, 2023 1 min read

Sri Lanka cement maker sees recovery begin amid rupee stability

The downward yet stable movement of foreign exchange rates, conveyed a much-needed stability for businesses

November 10, 2023 3 min read

UDA mulls transfer of Sri Lanka Bogambara Prison to Dalanda Maligawa

Hand over Kandy Bogambara prison building to Dalanda Maligawa or use it for another investment project, minister says

November 9, 2023 1 min read

Sri Lanka housing authority losses near Rs20bn, Rs5bn in 5-years

The cumulative loss of the NHDA is close to 20 billion rupees, with a loss of 5 billion rupees made in last five years

October 28, 2023 1 min read

Sri Lanka flexible for investor to start Grand Hyatt operations – Minister

No investor has come forward for Grand Hyatt, a hotel constructed with public money under ex-leader Mahinda Rajapaksa

October 27, 2023 2 min read

Sri Lanka UDA to build housing in Colombo with Chinese help, digitize land inventory

UDA possesses land suitable for both domestic and foreign investments, providing opportunities for interested parties

October 27, 2023 2 min read

Researchers cast doubt on Beira Lake neutralisation project

Researchers raise concerns about the Beira Lake clean-up project

Nethmi Rajawasam
September 16, 2023 3 min read
1 2 3 23