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Monday November 9th, 2026
Construction and Real Estate

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

September 16, 2023 3 min read
Maga Engineering gets Rs1.53bn contract to build Kandy 7-storey building

Construction of 7-storey residential building in Kandy for Sri Lanka Railways under Kandy Multimodal Transport Terminal

Sri Lanka Port City 34-storey office tower deal inked with developer

A Singapore based firm called Canary Wharf Holdings Pte Ltd, leads consortium

Big supply gap seen in Sri Lanka retail space: JLL

ECONOMYNEXT – Retail real estate growth in the Sri Lankan capital Colombo has not kept pace with growth in retail...

September 19, 2017 1 min read

Sri Lanka needs reforms for REITs to work

ECONOMYNEXT – Real Estate Investment Trusts (REITs) can help to drive growth, job creation and foreign investment...

September 16, 2017 2 min read

Sri Lanka firms shortlisted in Property Guru Asia property awards

PropertyGuru, a Singapore based property portal that has a presence in several East Asian markets has released a list of...

September 5, 2017 2 min read

Sri Lanka's Access short of construction labour

Sri Lanka's Access Engineering said it faced shortages of skilled workers, and has started training schemes and had to i...

August 18, 2017 1 min read

Sri Lanka bond probe exposes condo bubble

The ongoing Presidential commission of inquiry into controversial bond sales may have unwittingly exposed an even more d...

August 1, 2017 3 min read

Sri Lanka Government agencies review Port City progress

July 24, 2017 1 min read

Iconic Galaxy apartments in Sri Lanka allows buyers to pay 70-pct after construction

Iconic Developments Ltd, said it is offering apartments at its latest project in Rajagiriya in Sri Lanka's capital Colom...

July 20, 2017 1 min read

Sri Lanka's Tokyo Cement to expand sand output

ECONOMYNEXT - Sri Lankan cement manufacturer Tokyo Cement plans to expand production at its new and manufacturing subsid...

July 14, 2017 2 min read

Sri Lanka’s Odel in US$106mn property project

Sri Lankan retailer Odel Plc said it plans to do a mixed developed property project with an investment of $105.7 million...

July 12, 2017 1 min read

Legal changes mooted for notice of Sri Lanka land acquisition

ECONOMYNEXT – Changes are needed to Sri Lanka urban development regulations to ensure prior notice of land acquis...

July 4, 2017 2 min read
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US Dollar 331.7485 330.8514
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today yesterday
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Ube buys 10-pct stake in Sri Lanka’s Tokyo Cement Company

ECONOMYNEXT – Ube Singapore Holdings Pte Ltd. has acquired a 10% stake in Sri Lanka’s Tokyo Cement Company...

June 27, 2017 1 min read

Sri Lanka’s Laugfs Gas group to do residential apartments

Sri Lanka’s Laugfs Gas group has set up a fully-owned subsidiary called Laugfs on Reid (Private) Limited to do re...

June 25, 2017 1 min read

Sri Lanka Royal Ceramics increasing production of porcelain tiles

ECONOMYNEXT – Sri Lanka’s Royal Ceramics is expanding capacity at its factory by 35 percent, with a 1.2 bi...

June 22, 2017 2 min read

Sri Lanka’s Lanka Ceramics diversifies into quartz, palm oil

ECONOMYNEXT - Lanka Ceramics Group plans to diversify into quartz manufacturing for the ceramic tile industry, as well a...

June 21, 2017 1 min read

Sri Lanka commercial space being snapped up: JLL

Sri Lanka's commercial space developers in the capital Colombo, are finding that new buildings coming to the market are ...

June 15, 2017 2 min read

Sri Lanka to relax paddy lands law for housing

ECONOMYNEXT – Sri Lanka’s government has decided to relax regulations that ban development of paddy fields...

June 14, 2017 2 min read

Sri Lanka luxury apartment buyers rarely use credit: JLL

An overwhelming majority of Sri Lanka's luxury apartments have been bought with cash reserves rather that debt, though s...

June 14, 2017 2 min read

Sri Lanka medium term prospects good for apartments: official

Sri Lanka has good medium term prospects for apartments despite questions over current demand while beach property has r...

June 5, 2017 3 min read

Expressway, tunnels, LRT to connect reclaimed China Port City in Sri Lanka

An elevated expressway, tunnels and light rail transit link will connect the China's 15 billion US dollar reclaimed Colo...

June 2, 2017 1 min read

Sri Lanka’s Royal Ceramics March net up 11-pct to Rs890mn

ECONOMYNEXT – Group net profit of Sri Lanka’s dominant tile maker Royal Ceramics Lanka (RCL) rose 11.3% to...

May 29, 2017 1 min read