Summit: Office space in Colombo to quadruple with Port City
Sept 21, 2016 (LBO) – Sri Lanka’s capital Colombo office space will quadruple after the completion of the ongoing Port City development project, a Port …
Real Estate & Construction
Clearpoint Residencies structural work complete, ready for occupation 2017
Maga Engineering, announced that it has completed the building structure of its flagship residential project, the 48-storey Clearpoint Residencies, set to be …
Kotagala Plantations to subdivide shares after Rs800mn rights issue
Sept 13, 2016 (LBO) – Sri Lanka’s Kotagala Plantations is to raise 800 million rupees by way of a rights issue, subjected to exchange approval, the company …
Maldives calls Sri Lanka to bid for housing, hospitals and power projects
Sep 08, 2016 (LBO) - The Maldivian High Commissioner in Sri Lanka Zahiya Zareer has invited Sri Lankan firms to invest in development projects in Maldives. …
Walkers Piling commences Sri Lanka’s first sea piling project
Sept 08, 2016 (LBO) – Sri Lanka's Walkers Piling, a subsidiary of MTD Walkers, announced that they have commenced work on Sri Lanka’s first sea piling …
Sri Lanka approves building expressway from Kurunegala to Dambulla
Sept 08, 2016 (LBO) – Sri Lanka’s cabinet has approved the construction of the central expressway from Kurunegala to Dambulla with funds from Exim Bank of …
Sri Lanka grade A office space demand exceeds supply – JLL
Aug 22, 2016 (LBO) – Sri Lanka’s capital office market has occupancy as high as 95 percent and occupiers and supply of Grade A office space remains …
Sri Lanka blocks sale of freehold land in USD1.4 bln Chinese deal
Aug 15, 2016 (LBO) - Sri Lanka's government on Friday agreed a new version of its $1.4 billion real estate agreement with China after changing the terms and …
Sri Lanka to get Singapore technical assistance for Megapolis
Aug 11, 2016 (LBO) – Sri Lanka’s government will sign a Memorandum of Understanding with Singapore’s International Enterprise Singapore to get assistance …
Mackwoods says Agalawatte share sale had shareholder approval
Aug 09, 2016 (LBO) – Sri Lanka’s Mackwoods Plantations (Private) Limited says the recent share sale of Agalawatte Plantations had been unanimously approved …
Sri Lanka’s Port City developer withdraws compensation claims
Aug 02, 2016 (LBO) – Sri Lanka’s port city developer CHEC Port City Colombo, who is handling the project for the Chinese investor, China Communications …
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 …
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 directive …
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) Limited, …
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 the civil …
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. buy tadasiva online …
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 Beira …
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 investment …