• Wed. May 25th, 2022

Construction

  • Home
  • Construction of new elevated highway in progress

Construction of new elevated highway in progress

The highways Minister Johnston Fernando had reviewed the progress of the new highway project, which spans from Ingurukade junction to Colombo Port city. The project is to be completed and…

Investment Insights on Port City and Cinnamon Life Presented to International Audience

With Colombo Port City and Cinnamon Life emerging as Sri Lanka’s most attractive investmentopportunities in the property and leisure sectors, a webinar hosted recently by the Sri Lanka CanadaBusiness Council…

Soaring Construction Materials Costs Drives Forex-Crisis-hit Sri Lanka’s Housing Prices To An All-Time High

The overall selling prices of houses had increased by 22.53% and apartments by 17.68% in Q4 2021 when compared to Q4 of 2020, indicating an all-time high price, according to…

Colombo Port’s East Container Terminal’s Construction Second Phase Begins

Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…

LOLC Group Locks In Leasehold Rights of another Two Land Plots in Colombo Port City for $98M

Browns Investment PLC, the strategic Investment Arm of Ishara Nanayakkara-controlled LOLC Group moves to invest in key leisure and tourism projects of Chinese-backed Colombo Port City (CPC) as it secured…

Potential Russian Nuclear Power Plant In Sri Lanka Not On SPIEF Agenda

(UrduPoint News / Sputnik) The prospective plans for Russia to develop a nuclear power plant for Sri Lanka are not part of the agenda of this year’s St. Petersburg International Economic Forum (SPIEF), Sri Lankan State Minister of Money and…

Delhi-Colombo-Beijing triangle undergoes another shift

By Professor Harsh V Pant Chinese Defence Minister Gen. Wei Fenghe was in Sri Lanka last week seeking to shore up support for Chinese projects at a time when new…

Prime Lands Residencies Expects Rs.10B Cashflow from Pre-sold units over next 2-3 years

The latest IPO entrant to Colombo Stock Exchange (CSE), Prime Lands Residencies (PLR) expects nearly Rs 10 billion cash flow over the next 24-36 months from its pre-sold apartments stock,…

The real estate industry needs to transform to serve the needs of people and cities

The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic…

CSE listed firms posts record earnings for December Quarter

The Earnings of Colombo Stock Exchange (CSE) listed firms rose by 33% percent Year-on-Year (YoY) to Rs 88.6 billion in December quarter maintaining the growth momentum for the second straight…