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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka para-tariffs on raw material push up cement costs: Tokyo

This is an unusual exception in which cement is among the few industries where its raw materials a hit by para-tariffs

August 3, 2024 2 min read

Sri Lanka cement use picks up 8.5-pct to March, helped by currency stability: Tokyo

Cement consumption had fallen for two years in a row

July 28, 2024 2 min read

Sri Lanka to lease Beira Lake island to Gangarama Temple for tourist venture

"Bird Island will be developed as a tourist attraction,"

July 23, 2024 1 min read

Sri Lanka minister, banks discuss loans for estate community

“…They are to utilize this land as collateral not just for housing but for their children’s education

July 18, 2024 2 min read
Sri Lanka to extend Baseline Road to Dutugemunu Street

Implementation of Phase III of the Baseline Road extension project

Sri Lanka eyeing foreign labour as construction recovery triggers 20,000 shortfall

"There a large number of youth in villages waiting for jobs. On the other hand there are vacancies in the construction"

Sri Lanka open to releasing urban land for affordable housing

The Sri Lankan government is open to releasing state-held land in the capital Colombo to private sector real estate deve...

March 8, 2019 2 min read

JVs compulsory for foreign construction firms in Sri Lanka govt projects: Budget2019

ECONOMYNEXT - Sri Lanka's finance minister Mangala Samarawera said new rules will be introduced to compel foreign constr...

March 5, 2019 1 min read

Sri Lanka to speed up to property registration

ECONOMYNEXT – Sri Lanka will simplify and speed up the process of property registration, aiming to improve it fiv...

March 5, 2019 1 min read

Sanken outlines potential for capital gains, rentals in Sri Lankan market

ECONOMYNEXT – Sri Lanka’s property market is expected to yield good capital gains as well as higher rental...

March 5, 2019 2 min read

Sri Lankan property investment opportunities in focus at Maldives forum

ECONOMYNEXT – Investment opportunities in Sri Lanka’s real estate sector will come under focus at a forum ...

February 26, 2019 2 min read

Sri Lanka's Lee Hedges to build Rs1.1bn car park

Sri Lanka's Lee Hedges Plc said its board has decided to build a 1.1 billion rupee car park in a property on a Colombo 0...

February 19, 2019 1 min read

Tallest building outside Sri Lanka's capital planned

A 35-story residential and shopping tower complex in Ja-Ela north of Sri Lanka's capital Colombo has been given the go h...

February 11, 2019 1 min read

Cleveland Bridge UK wins Euro 37mn Sri Lanka deal

Cleveland Bride UK has won a 37.5 million Euro deal to build bridges in rural Sri Lanka, the government said.

February 9, 2019 1 min read

Sri Lanka's Alumex makes Rs 63mn loss in December quarter

ECONOMYNEXT – Alumex, the aluminium extrusions subsidiary of Sri Lanka's Hayleys group, said it lost 63.4 million...

February 5, 2019 1 min read

Sri Lanka's HNJ Towers to build U$14mn apartment

HNJ Towers (Pvt) Ltd, has been given the go ahead to build a 14.82 million US dollar apartment tower in Sri Lanka's capi...

January 22, 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
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

China Port City awaits Sri Lanka incentives, laws, to sell land

Sri Lanka's CHEC Port City (Pvt) Ltd, which has reclaimed 369 hectares of sea to build a brand new city expanding the is...

January 16, 2019 3 min read

China firm completes Sri Lanka Port City sea reclamation for US$700mn

CHEC Port City Colombo (Pvt) Ltd, a unit of China's CCCC group has completed reclaiming 269 hectares of sea off Sri Lank...

January 16, 2019 2 min read

Sri Lanka cement use flat in 2018, but pick up in September

Sri Lanka's cement production was down 3.2 percent to 2.086 million tonnes in the first nine months of the year and impo...

January 8, 2019 1 min read

Sri Lanka's Horton Place to see US$5mn serviced apartment

A 5.17 million US dollar serviced apartment will be build in Horton Place, an upmarket suburb in Sri Lanka's capital Col...

January 1, 2019 1 min read

PropertyGuru gets US$145mn in funding, KKR among investors

ECONOMYNEXT - PropertyGuru, a Singapore-based online property portal, said it has secured S$200 million (about US$145 mi...

November 1, 2018 1 min read

Sri Lankan developers say property market survived bubble fears

A prophesied collapse in Sri Lanka’s property market has not happened with industry fundamentals still strong, th...

October 30, 2018 2 min read

Sri Lanka’s LVL Energy diversifies into solar power with 7 plants

ECONOMYNEXT – LVL Energy Fund plans to diversify into solar power with seven new plants in Sri Lanka, adding tota...

October 29, 2018 2 min read

Sri Lanka to buy deep sea sand dredger to meet building demand

ECONOMYNEXT – Sri Lanka is to buy a deep sea sand dredger to meet growing demand from the construction industry f...

October 26, 2018 1 min read

Land prices in Sri Lanka’s Colombo district up 16-pct in first half

ECONOMYNEXT – Land prices in Sri Lanka’s Colombo district, where the capital is, rose over 16 percent in t...

October 25, 2018 2 min read

Sri Lankan realty firm’s rights issue fully subscribed

ECONOMYNEXT - Lanka Realty Investments, a Sri Lankan real estate investment and development company, said in a stock exc...

October 10, 2018 2 min read