Category: Real Estate & Construction
INSEE Cement’s 360-degree approach eases cement shortage in Sri Lanka
Uninterrupted supply through comprehensive production, imports and logistics optimization reaps positive results Operating at maximum production capacity with optimized distribution channels for a number of weeks, INSEE Cement has successfully helped to mitigate the cement shortage that was prevailing in the local market. INSEE Cement’s concentrated and immediate contingency measures across its entire operation at […]
INSEE Cement signs MOU with Hambantota Port to improve supply chain efficiency
The Hambantota International Port Group (HIPG) today signed an agreement with INSEE Cement, the leading cement manufacturing company in Sri Lanka, to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port. This will have a positive impact on the operational efficiency. The agreement was signed between Gustavo Navarro, […]
INSEE cement enters MoU with State Ministry of Home Affairs
INSEE Cement entered into a Memorandum of Understanding (MoU) with the State Ministry of Home Affairs today, to enhance knowledge of modern engineering techniques and best practices of 25 District Engineers belonging to the Engineering Division of the State Ministry over a period of one year. The MoU was signed between INSEE and the State […]
New Kelani Bridge construction completed by Advantis Projects and Engineering
Advantis Projects and Engineering, a subsidiary of Hayleys Advantis Limited, has successfully completed its share of construction work on the New Kelani Bridge project. Amounting to one of the largest infrastructure development projects in the country in recent times, the New Kelani Bridge consists of the single largest suspension bridge and the longest elevated steel […]
PwC evaluates potential economic impact of Port City Colombo
PwC, on Tuesday, presented their latest assessment of the Port City’s economic impact to the Economic Commission. The assessment evaluates the potential impact of the Port City Colombo across five key macroeconomic variables: Employment, Gross Domestic Product, Foreign Direct Investment, Balance of Payments, and Government Revenue. Having initiated the original report in early 2020, the […]
“JKH Group Q2 EBITDA records growth of 93-Pct; significant turnaround in Leisure sector business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant improvement to Rs.6.41 billion during the quarter under review, which is a 93 per cent increase against the comparative period [2020/21 Q2: Rs.3.32 billion]. • The Group’s businesses, except for Consumer Foods […]
Trillium Hotels and VIP Residencies unveils luxury retirement complex
Trillium, one of Sri Lanka’s most sought after real estate developers which aims to deliver comfort and elegance while merging the value of an exclusive lifestyle, is set to further diversify its offerings with the launch of Trillium Hotels & VIP Residencies. Positioned in the heart of Colombo 07, Trillium Hotels & VIP Residencies is […]
Tokyo Cement Company ramps up supply to address cement shortage
In a statement, Dr. Harsha Cabral PC, Chairman of Tokyo Cement Company (Lanka) PLC announces that the Company has taken several immediate measures to address the cement shortage in the market. He states that Tokyo Cement is operating its cement manufacturing plant in Trincomalee at the maximum installed capacity of around 170,000 MT per month […]
Sri Lanka projected to grow by 3.3-pct : Shifting gears to services-led growth can help build back better
Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the economic scarring from the COVID-19 pandemic. A gradual recovery will likely lead to corresponding improvements in labor market conditions. Most countries in South Asia are far from pre-pandemic trend levels, says […]
Property Prices in Sri Lanka Remain Positive & Stable in Q2 Despite COVID Waves: report
A recent study on the House Price Index developed by LankaPropertyWeb which is based on the asking prices of its listings revealed that overall residential land prices (per perch) had soared by 44.19% from Q2 2020 to Q2 2021. 4 bedroom house sales prices had increased by 15.68% from Q2 of 2020 while average 3 […]
Interview: Local and International wins for architect Palinda Kannagara
Palinda Kannagara is one of the top Sri Lankan architects based in Columbo who has recently been honored both locally and internationally for his work. He is principal architect at Palinda Kannangara Architects, Columbo, Sri Lanka. Lanka Business Online had a detailed conversation with the acclaimed architect about the recent honors received and his design […]
JAT Receives CIDA Accreditation, Enjoys LKR 1 Bn in Confirmed Specialized Interior Projects
JAT Holdings PLC, the market leader for wood coatings in Sri Lanka, was recently accredited with the coveted CIDA SP 01 Certification. The Construction Industry Development Authority (CIDA) is the national body responsible for working towards enhancing the competence and reliability of Sri Lanka’s construction industry and bringing it on par with global standards. The […]