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Monday November 9th, 2026
Construction and Real Estate

Sri Lanka Construction Guarantee Fund pressured by spending squeeze: Fitch

The firm is on rating watch negative

July 30, 2023 5 min read

Sri Lanka in discussion with Indian, Pakistan firms for cheaper cement - Housing Minister 

Ranatunga believes price of 50 kg cement pack could be brought down by 400-500 rupees.

June 23, 2023 2 min read

Sri Lanka's Lanka Special Steels boosts GI capacity

Factory can run at different levels of capacity

June 14, 2023 2 min read

Sri Lanka to move President, PM offices, heritage buildings for tourism: report

The buildings will then be leased to investors for tourism for 30-years

June 11, 2023 2 min read
Sri Lanka to introduce national building code with World Bank help

Due to absence of a national building code in force in Sri Lanka, problems have arisen regarding the structural safety

India committed to empowering Indian-origin Tamil community in Sri Lanka: Jha

Phase IV of Stage 2 of the project was launched on Sunday at an event held at Bandarawela attended by president

Some Sri Lanka luxury condos in trouble: developers

Sri Lanka’s high-end luxury apartment developments may already be in trouble, according to at least two developer...

May 28, 2017 3 min read

Bubble may be in Sri Lanka 'luxury' apartments: developer

A high-rise apartment developer in Sri Lanka has said there may be a bubble in 'luxury' apartments, but slammed Central ...

May 25, 2017 2 min read

Sri Lanka's Alumex March quarter net up 25-pct

ECONOMYNEXT – Alumex, the aluminium extrusions subsidiary of Sri Lanka's Hayleys group, said net profit rose 25 p...

May 23, 2017 1 min read

Sri Lanka's capital has10,000 unapproved buildings, 'serious questions' on apartments: Minister

Sri Lanka's capital Colombo has thousands of buildings that were not properly approved a and 'serious questions' regardi...

May 20, 2017 3 min read

Sri Lanka's Access Engineering March net up 31-pct

ECONOMYNEXT - Sri Lanka's Access Engineering Plc, a construction group, said profits in the March 2017 quarter rose 31 p...

May 19, 2017 1 min read

Search for survivors after wedding hall collapse

May 18, 2017 1 min read

China's US$15bn reclaimed city in Sri Lanka targets investors from the West, India, Middle East

CHEC Port City Colombo (Pvt) Ltd, a Chinese-owned company which is reclaiming 269 hectares from the sea is initially tar...

May 5, 2017 1 min read

Iluka in talks on investment deal for Sri Lanka mineral sands deposit

ECONOMYNEXT - Australian mineral sands miner Iluka Resources Ltd. has begun talks with Sri Lanka’s government on ...

April 20, 2017 2 min read

Sri Lanka’s Walkers CML to build apartments in Maldives

ECONOMYNEXT - Walkers CML International (Private) Limited, a subsidiary of Sri Lanka’s MTD Walkers PLC group, sai...

April 20, 2017 1 min read

India’s Asian Paints buys Sri Lanka’s Causeway Paints for Rs9bn

ECONOMYNEXT –Berger International Private Limited (BIPL), a Singaporean subsidiary of India’s Asian Paints...

April 3, 2017 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

Demand high for Sri Lanka Grade A property

ECONOMYNEXT – Demand for high-end commercial space in the Sri Lankan capital Colombo remains high, with top comme...

March 30, 2017 2 min read

Sri Lanka to call for tenders to mine quartz deposit

ECONOMYNEXT – Sri Lanka is to call for open international tenders to mine a rich vein quartz deposit in the south...

March 29, 2017 1 min read

Sri Lanka to seek investor for 14.5 acre land in capital

Sri Lanka's cabinet of ministers had given the nod to seek an investor for a 14.5 acre land in a suburb of the capital C...

March 26, 2017 1 min read

Sri Lanka's HNB cautious on condos; sees prospects in middle range

Sri Lanka's Hatton National Bank is closely monitoring property lending to minimize risks in the case of a bubble, but s...

March 15, 2017 3 min read

Sri Lanka’s RIL Property to list in Rs960mn IPO

ECONOMYNEXT - RIL Property Limited (RIL), a developer, owner and operator of commercial office space in the Sri Lankan c...

March 10, 2017 2 min read

Shangri-La Sri Lanka says over half of Colombo apartments sold

More than half the units in the luxury apartment and hotel complex Shangri-La Hotels and Resorts is building in the Sri ...

March 9, 2017 2 min read

Sino Great Wall Engineering to build Dusit Thani Sri Lanka beach property

China’s Sino Great Wall International Engineering has got the contract to build a high-rise five-star beachfront ...

March 7, 2017 3 min read

Sri Lanka seeks turnkey contractor for U$68mn Heda Oya reservoir

Sri Lanka will call bids to choose a turnkey contractor who will build a reservoir that can store 147 million cubic metr...

March 6, 2017 1 min read

Lee Hedges drops Rs2.8bn Sri Lanka serviced apartment project

ECONOMYNEXT - Sri Lanka's Lee Hedges Plc said it will not proceed with a planned Rs2.8 billion multi-storied serviced ap...

February 27, 2017 1 min read

India starts Sri Lanka tea estate housing project

ECONOMYNEXT – Construction work has begun on a housing project for tea estate workers in Sri Lanka’s centr...

February 14, 2017 1 min read