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

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.

March 16, 2023 2 min read

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

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
Sri Lanka to lease land for 38 investment projects

The land is to be provided from industrial parks on a lease basis for a maximum period of 35 years

29 Sri Lanka MPs to lose discount on houses

"If the 29 relevant MPs like they can purchase the houses at the market rate," Jayatissa said.

Sri Lanka's Walkers MTD says Ascent apartments sold out

MTD Walkers Plc says Ascent, an apartment complex near two popular boys schools in Sri Lanka's capital Colombo, were sol...

February 7, 2017 1 min read

China Gezhouba Group given Rs161bn Sri Lanka expressway deal

Sri Lanka has awarded China Gezhouba Group a 161.61 billion rupee deal (1.06 billion US dollars) to build an expressway,...

February 5, 2017 2 min read

Sri Lanka's Alumex December net up 5-pct to Rs191mn

ECONOMYNEXT - Sri Lanka's Alumex Plc, an aluminium extrusions firm, said December 2016 net profit rose 5 percent to Rs19...

February 2, 2017 1 min read

Sri Lanka expressway contractors should win foreign business: PM

Domestic contractors that were given deals to build sections of Sri Lanka's central expressway should go out and win for...

February 2, 2017 2 min read

Sri Lanka cement production, imports sharply up in 2016

Sri Lanka's cement production and imports were up 28.4 percent to 6.5 million tonnes by October 2016, from a year earlie...

January 31, 2017 1 min read

Infrastructure building seen main growth driver in Sri Lanka

ECONOMYNEXT - Infrastructure construction, funded mainly by foreign investors, is likely to be the main growth driver in...

January 30, 2017 2 min read

Investors bid to develop Sri Lanka landfill on prime property

ECONOMYNEXT – Sri Lanka’s Urban Development Authority (UDA) is evaluating proposals from investors to deve...

January 17, 2017 1 min read

Sri Lanka Royal Ceramics invests nearly a billion rupees in expansion

ECONOMYNEXT – Sri Lankan tile and sanitary ware maker Royal Ceramics Plc (RCL) said it will invest nearly a billi...

January 16, 2017 1 min read

Sri Lanka’s Access invests Rs2.3bn in commercial, apartment complex

ECONOMYNEXT – Sri Lanka’s Access Engineering said it has invested Rs2.3 billion in a joint venture with fo...

January 11, 2017 1 min read

Sri Lanka's Bank of Ceylon sells out of Mireka Capital Land

Sri Lanka's Overseas Realty (Ceylon) Plc, said it had bought a 40percent stake in a property unit from state-run Bank of...

December 31, 2016 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

Sri Lanka’s Hayleys plans 55-storey twin towers at Deans Road

ECONOMYNEXT – Hayleys said it plans a property development project at its head office premises in the Sri Lankan ...

December 27, 2016 1 min read

Reclaimed land blocks at Sri Lanka's Port City to be ready by early 2019

The first blocks of land reclaimed from the sea in a Chinese backed project near Sri Lanka's Colombo port will be availa...

December 7, 2016 1 min read

Sri Lanka's Kelsey Homes launches high end gated community

Sri Lanka's Kelsey Homes, a property developer said it is launching an up market gate community project in Negombo, whic...

November 30, 2016 1 min read

Sri Lanka and Singapore's Surbana to start city planning JV

Sri Lanka and Singapore's Surbana will set up a joint venture city planning firm that will offer its services to the cou...

November 28, 2016 1 min read

Sri Lanka’s MTD Walkers real estate, marine business grows fast

Sri Lankan construction group MTD Walkers made a net profit of Rs162 million in the September 2016 quarter from a loss o...

November 25, 2016 2 min read

Sri Lanka condo developers say budget prevents “catastrophic” oversupply situation

ECONOMYNEXT – Sri Lankan condominium developers have welcomed proposals in the government 2017 budget relaxing re...

November 22, 2016 2 min read

Sri Lanka's Sanken starts 50-story apartment towers

Sri Lanka's Sanken Construction group has started work on a 50-story twin apartment towers that will have 470 units, the...

November 15, 2016 1 min read

Sri Lanka budget seen boosting construction sector

ECONOMYNEXT – Several big road and housing projects and regulatory measures announced in Sri Lanka’s gover...

November 11, 2016 1 min read

Four Sri Lanka expressway contracts draw only single bids

ECONOMYNEXT – Only one consortia of bidders submitted proposals for each of four civil work contract packages to ...

November 9, 2016 2 min read

Sri Lanka’s Access Engineering Sept quarter net up 5-pct

ECONOMYNEXT - Sri Lanka’s Access Engineering PLC said September 2016 quarter group net profit rose 5% to Rs719 mi...

November 4, 2016 1 min read