Sri Lanka’s Access Engineering net down 13-pct in June quarter
July 28, 2016 (LBO) – Profits at Sri Lanka’s Access Engineering group fell 13 percent to 524 million rupees in the June 2016 quarter from a year earlier …
Real Estate & Construction
Cabinet approves concessionary taxes for commercial land
Jul 27, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve concessionary taxes for commercial lands under the state lands ordinance. Under a …
New Sales head at Altair
Indocean Developers, the promoter of the Altair twin tower high rise, has announced the appointment effective 15th July, of Jay Dias as Head of Sales and …
Maga Engineering to rehabilitate rural roads at Rs13.2bn
Jul 26, 2016 (LBO) – Sri Lanka’s construction firm Maga Engineering was recently awarded the contract to rehabilitate and improve rural roads in four …
Thailand’s Siam City Cement to acquire Sri Lanka’s Holcim for USD400 Mln
July 25, 2016 (LBO) – Thailand’s Siam City Cement Public Company Limited will proceed with an acquisition of 98.95 percent shares in Holcim (Lanka) …
Access Engineering net up 5.1 pct, IPO for SML Frontier planned
July 22, 2016 (LBO) – Sri Lanka’s Access Engineering said group net profits grew 5.1 percent to 2.46 billion rupees in the year to March 2016, with …
Anuradhapura North to get water pipelines in Rs32 bln project
July 22, 2016 (LBO) – Sri Lanka’s cabinet has approved a water supply project for Anuradhapura North with a 32.1 billion rupee loan from the Japan …
PM to use Singapore expertise for Beira Lake development
July 20, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says the country is looking forward to using Singapore’s expertise for the …
Sri Lanka’s Tokyo Cement on roadshow with U.S. funds
July 20, 2016 (LBO) – Members of Sri Lankan cement producer Tokyo Cement’s (TKYO SL) management team are in the U.S. this week meeting with global …
Port City to increase local and foreign real estate demand: RIU
Jul 07, 2016 (LBO) – Colombo Port City project now incorporated under the overall Megapolis plan will create a rising demand for real-estate from local …
Korea mulls mega infrastructure projects in Sri Lanka
June 23, 2016 (LBO) – A South Korean delegation has visited Sri Lanka to discuss cooperative methods for large-scale infrastructure projects including the …
Sri Lanka recall mid income housing projects in Kandy, Galle, and Homagama
Jun 22, 2016 (LBO) – Sri Lanka’s cabinet has decided to recall proposals for housing projects in Kundasale, Homagama, Galle, and Nittambuwa and grant fresh …
Megapolis Plan to be institutionalized through Parliament: Mawilmada
June 16, 2016 (LBO) – The proposed Western Region Megapolis Plan will be institutionalized through an act of Parliament, in order to make sure it remains …
Sri Lanka seeks new agreement for Colombo Port City
June 10, 2016 (LBO) – Sri Lanka’s Prime Minister has appointed a committee to look into the possibility of formulating a new agreement for the Colombo Port …
Businesses consider co-working long-term solution, says Regus
June 09, 2016 (LBO) – Latest research by flexible workspace provider Regus shows that co-working is now considered a long-term option for businesses, …
Sri Lanka approves funds for reservoirs and Southern roads
Jun 08, 2016 (LBO) – Sri Lanka’s cabinet has approved several reservoir and road development projects including the lower MalwathuOya reservoir and …
Sri Lanka’s longest Rajagiriya overhead bridge work commences
June 08, 2016 (LBO) – Construction work on Sri Lanka’s Rajagiriya overhead bridge was inaugurated on Monday by Harsha de Silva, the deputy minister …
Sri Lanka’s needs to replace traditional workplace with new strategies: JLL
techJun 06, 2016 (LBO) – Sri Lanka should be developing new workplace strategies and new workplace methods soon to cater to changing trends, Jones Lang …
Sri Lanka’s LOLC March net up 46-pct amid growing incomes
June 03, 2016 (LBO) – Sri Lanka’s LOLC group, which has interests in financial services, insurance, plantations, trading and leisure, said net profit for …
Korean firm wants to revive KKS cement with USD450mn investment
June 03, 2016 (LBO) – Korea’s AFKO group is interested in reviving the Kankesanthurai cement plant with a 450 million dollar investment, the …