An Echelon Media Company
Monday November 9th, 2026
Construction and Real Estate

Sri Lanka to meet investors ahead of Canwill Holdings sale

The Pre-EOI Meeting will be held virtually on January 21 at 12 pm (Sri Lanka time).

January 15, 2026 1 min read

Sri Lanka planning to re-start Krrish tower, stalled eyesores

These include the Destiny Mall & Residency project in Slave Island with Pakistani investment, Kumudu Lal said.

January 12, 2026 1 min read

India to rebuild Sri Lanka's cyclone hit bridges spending $30mn

We will also commence the restoration work on the Northern railway line

January 8, 2026 1 min read

Sri Lanka Police to get 350 Harbour View apartments

Housing project, consisting of 14 floors with 452 housing units, at Cyril C Perera Mawatha, Colombo 13

January 6, 2026 1 min read
Sri Lanka approves Rs1.4bn for 10-city development plan

Including the president's hometown of Thambuttegama

Sri Lanka awards $6.04mn tender for Mullikulam Lot A to India's RS Infraprojects

Around 499.66 million rupees, (excluding VAT)

Sri Lanka gets go ahead for water villa development: Minister

Islets off Kalpitiya approved

May 28, 2023 1 min read

Sri Lanka's JKH in talks international operators over gaming strategy

Also discussing tenants of retail mall

May 24, 2023 2 min read

Sri Lanka to ban building above 4 stories in Nuwara Eliya

UDA to issue regulation

April 25, 2023 1 min read

Sri Lanka links up with Korea for rural development

The MoU will be signed between Ministry of Public Administration, Department of External Resources and the foundation

March 28, 2023 1 min read

Sri Lanka UDA to take back Krrish, Destiny, non-operational buildings in lands it owns

The valuation of the two buildings is yet to be done.

Melkishiya Andrew
March 16, 2023 2 min read
2

Sri Lanka to set up committee to solve construction industry problems

Bank interest, import controls, customs duties and payment of government arrears

February 16, 2023 1 min read

Sri Lanka eyes Saudi investments for energy, real estate, Port City - Foreign Minister 

Sri Lanka's relationship with Saudi was hit by forced cremation under former president Gotabaya Rajapaksa

January 24, 2023 2 min read
1

Saudi Arabia's Ajlan to join China's CHEC to invest in Sri Lanka Port City

To jointly invest in several pilot projects

December 20, 2022 1 min read
1

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

December 14, 2022 2 min read

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.

Neshella Perera
September 15, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
Euro 372.5204 371.0168
Yen 2.0969 2.0916
Aus Dollar 233.0533 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4948 3.4202
Korean Won 0.2499 0.2479
Oman Rial 861.6397 859.3320
Saudi Riyal 88.4403 88.0955
UAE Dirham 90.3209 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 5,656.91 -0.43%
CSE All Share 19,927.30 -0.28%
Turnover Rs 1457.79 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka construction sector in deep crisis, govt arrears rise up to Rs150 billion

Industry experts say 70% of government construction projects are on hold now.

Chanka Jayasinghe
August 28, 2022 2 min read
1

Sri Lanka housing hit by protectionist taxes, monopoly power: Developers

Unjustified protectionism has created a monopoly for a few players with dire consequences on an entire industry

August 26, 2022 2 min read

Sri Lanka developers halt new condos after currency collapse, costs skyrocket

Steel prices up 350-pct, tiles up 300-pct and some fittings up 500-pct

August 25, 2022 4 min read
1

Sri Lanka property developers allowed to import tiles

Approved condominiums, mixed development projects, approved hotels and government projects

August 25, 2022 1 min read

Sri Lanka renewable firms, engineering firms promoted in Mozambique

Over 29 local companies had participated in the virtual meeting

May 20, 2022 1 min read

Sri Lanka to give resident visas for apartment buyers, dollar depositors

A lot of apartments are coming up and if there are no buyers there can be a crisis

April 26, 2022 2 min read
3

Sri Lanka's Damro group in 652 room hotel in Colombo

The hotel to be built in Colombo 03, will have 652 rooms

February 23, 2022 1 min read
2

Sri Lanka's Home Lands Skyline rated 'A(lka)' despite macro challenges: Fitch

We expect the company to face near-term challenges from the weak domestic economy

February 16, 2022 8 min read

Sri Lanka's Global Housing to build Rs6.5bn hotel residency in Hikkaduwa

Plans to complete within 36 months

February 2, 2022 2 min read
3

Sri Lanka's LOLC wins Rajagiriya land, high rise project

The contract is given on a design, build, finance and transfer basis

January 25, 2022 1 min read