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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka construction expands in January 2025: PMI

Prevailing business conditions, particularly stable price levels and favourable weather, expedited project completion

March 1, 2025 1 min read

Land prices rise 7.7-pct in Sri Lanka’s capital district Colombo

Residential land had risen 9.9 percent.

March 1, 2025 1 min read

Sri Lanka has to manage limited taxes on priority areas : President

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February 17, 2025 1 min read

Sri Lanka President meets UAE-based Master Investment Group chief

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February 11, 2025 1 min read
Sri Lanka to use broader term 'fine aggregate’ instead of river sand

This will allow industry stakeholders to use standardized alternatives in place of river sand.

Sri Lanka’s construction sector still sees sluggish growth: industry expert

Still construction firms quote for projects 35-pct below Engineer's Estimate: expert

Sri Lanka tableware industry seeks kaolin mining revival

Sri Lankan ceramic tableware manufacturers are trying to revive kaolin or china clay mining to reduce reliance on import...

November 22, 2019 1 min read

Sri Lanka Telecom to build cricket ground

Sri Lanka Telecom and Sri Lanka cricket will build a cricket playground in a 36 acre land belonging to the telco in a su...

November 21, 2019 1 min read

Sri Lanka's Access begins Marine Square project backed by Mustapha, China Harbhour

Sri Lanka's Access group, Singapore-based Mustapha and China Harbour Engineering group have begun construction of Colomb...

November 15, 2019 1 min read

Sri Lanka Access Engineering profits down 20.8-pct in Sept quarter

Sri Lankan construction firm Access Engineering Plc’s net profits for the September 2019 quarter fell 20.8 percent to...

November 15, 2019 2 min read

Sri Lanka to regulate imports of taps, bath fittings

Sri Lanka is planning to bring regulations on water faucets and to improve quality, the government has said, though high...

November 2, 2019 1 min read

Sri Lanka eyes BOOT projects to bring private capital to highways

Sri Lanka is eyeing public private partnerships on a built own operate transfer (BOOT) mode with gap funding from the go...

November 1, 2019 2 min read

Iluka team returns to Sri Lanka for talks on illmenite mining

A team from Australian mineral sands miner Iluka Resources Ltd. has returned to Sri Lankan to resume talks on an ilmenit...

October 31, 2019 1 min read

ICRA Lanka reaffirms Access Engineering at [SL]A+

ICRA Lanka Limited, a ratings agency, reaffirmed Access Engineering's [SL]A+ rating with a stable outlook due to the con...

October 30, 2019 10 min read

Sri Lanka gives deed of reclaimed land to China firm

Sri Lanka's President Maithripala Sirisena handed over the deed for to a lease of land reclaimed by a Chinese company to...

October 30, 2019 1 min read

Sri Lanka cuts VAT on apartments to 6-pct, small condos exempted

Sri Lanka has cut a value added tax on condominiums to 6 percent and has exempted small apartments priced below 25 mill...

October 24, 2019 1 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
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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
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I-m SLIBOR - -
Source: Central Bank/Indicative

Fitch confirms Sri Lanka Sierra Cables rating at 'BB+(lka)'

Fitch Ratings said it has confirmed the national long-term rating on Sri Lankan copper and aluminium cable manufacturer ...

October 23, 2019 7 min read

Indocean Developers borrows US$25mn to finish Sri Lanka's Altair high-rise

Indocean Developers has borrowed 25 million US dollars (4.5 billion rupees) from three Sri Lankan banks to finish its Al...

October 8, 2019 2 min read
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Sri Lanka construction firms seek Africa business in Addis Ababa

Construction companies from Sri Lanka that took part in an international exhibition in Ethiopia had an opportunity to f...

October 5, 2019 1 min read

Baili Investments gets land for Sri Lanka property project

Baili Investments Lanka (Pvt) Ltd, will get state land for a mixed development project in Rajagiriya for a mixed develop...

October 5, 2019 1 min read

Stand-alone hotels unviable in Sri Lanka due to high construction, capital costs

Standalone hotels are not viable in Sri Lanka due to excessive construction costs, high domestic interest rates and depr...

Chanka Jayasinghe
September 25, 2019 2 min read
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Sri Lanka property developer working to raise high-rise fire safety standards

Sri Lankan property developers are working with government authorities to improve fire safety standards in new high-ris...

September 24, 2019 2 min read

Sri Lanka’s construction material higher than region, need depoliticized tax policy: Mangala

Cement prices in Sri Lanka are higher than in more develop markets and in south Asian countries with border tax policy n...

September 17, 2019 1 min read

Millennium Housing to build 400 houses in three locations in Sri Lanka

Sri Lanka's Millennium Housing Developers Plc said it was planning 400 houses in three locations as there was unfulfill...

September 12, 2019 1 min read

Sri Lanka to call investors for convention hotel, hospital on China reclaimed land

Sri Lanka is to call proposals for investors to build a hotel, convention centre, hospital and international school in ...

September 4, 2019 1 min read

Land prices in Sri Lanka’s Colombo district up 13.6-pct in 2019 first half

Land prices in Sri Lanka’s Colombo district, where the capital is, rose over 13 percent in the first half of 2019 from...

September 3, 2019 1 min read