Global Housing and Real Estate unveils ‘Aurora Residencies’ in Battaramulla

One of the topmost construction companies in Sri Lanka, Global Housing and Real Estate (Pvt.) Ltd has commenced the construction of its newest luxury housing project in Battaramulla.

We are looking at long-term prospects: Jetwing Chief

The Jetwing Symphony will join the Colombo Stock Exchange as the youngest listed company on December 14, with an initial public offering (IPO) hoping to raise up to Rs. 904 million to retire past debt and invest in upcoming hotels. We sat down with Jetwing Group Chairman Hiran Cooray for an exclusive on the upcoming listing and the tourism industry prospects. Here are some of the excerpts:

Anton launches Dimensions to revolutionise architectural industry

Dimensions by Anton, at 404, Nawala Road, Nawala was ceremoniously opened by St. Anthony’s Industries Group (Pvt.) Ltd Managing Director Arul Gnanam while many prominent architects including Sri Lanka Institute of Architects (SLIA) Vice President Archt. Russell D

Dusit Thani Beachfront Balapitiya announces 50% sold from phase-one

Dusit Thani Beachfront Balapitiya held a press event on December 7th 2017, to announce that 50 percent of Phase-one of the project has been sold.

UMG seals US$ 1mn deal with NEM for CEP

United Mercury Group Lanka (Pvt.) Ltd (UMG) sealed a mega deal of US$ one million for supply of construction machinery with NEM Constructions, a main contractor for the Central Expressway Project (CEP) recently.

Altair celebrates ‘topping out’ – interior work in full swing

Altair, the 68-story luxury residential complex which fronts the Beira Lake in Colombo, recently celebrated its ‘topping out’ to mark the completion of structural work, an important milestone.

Dr. Dan Seevaratnam reflects on a legacy of social empowerment through oil palm

In recounting the history of the Sri Lankan plantation industry, there are numerous examples of industry veterans whose work made vital and lasting positive contributions to the industry and the people whose lives are directly and indirectly connected to the plantation sector. Prominent among such contemporary planters is the locally and internationally renowned Dr. Dan Seevaratnam. 

Médecins du Monde and HDO release policy review on plantation sector healthcare delivery system

Médecins du Monde (MDM) and the Human Development Organisation (HDO) recently released a desk policy review on the healthcare delivery system in the plantation sector and the needed actions 

You are a masterpiece!

Usually, with the beginning of December, there is a change in the atmosphere. The temperature begins to drop and the air becomes colder. Everything around us points to the end of another eventful year and the dawn of a brand-new one. Thus, this becomes an opportune season to take stock of life and to make appropriate plans for the future. 

Tea sector to receive US $ 150mn from Japanese banks

Following the special discussions held by Plantation Industries Minister Navin Dissanayake recently with the senior representatives of the two major Japanese banks – JMIC and MUFG, a sum of US $ 150 million is expected to receive at a concessionary interest rate. 

Planters’ Association calls for greater support for oil palm sector

Oil palm profits expanded exponentially over the past year with the four regional plantation companies (RPCs) engaged in the business recording a turnover growth of 44.2 percent year-on-year (YoY) up to Rs.3.95 billion, while profits within the sector rose by 66.6 percent YoY to Rs.2.29 billion at the end of the 2016/17 financial year, according to the most recent information released by the Planters’ Association of Ceylon (PA).

One Galle Face by Shangri-La awarded at PropertyGuru Asia Property Awards

The Residencies at One Galle Face by Shangri-La was feted as the ‘Best Mix Use Development’ at the recently concluded PropertyGuru Asia Property Awards 2017.

Access Engineering rated among top 10 best corporate citizens

Access Engineering PLC; the foremost Civil Engineering Enterprise in Sri Lanka once again ranked among the Top 10 at the Best Corporate Citizen Sustainability Awards 2017.

PFY teaches youth to manufacture compressed stabilized earth blocks

Strong, easy to build with, eco friendly, cool and affordable would be the best way to describe the compressed stabilized earth bricks (CSEB) manufactured by youth being trained by Projects For Youth (PFY) in Kithulewela  Matara.

Insee Cement’s endeavour to educate youth in Puttalam

Insee Cement strongly believes in encouraging and inspiring youth to achieve career success through focus on training and education that would help them to progress professionally.

RIU releases bare land market report, Sri Lanka

The Research Intelligence Unit (RIU) recently launched itsbare Lands market report. The report provides an overview of the real estate boom and an extensive profile of the bare lands market, land price escalation as well as the main players in the market.

EY reports on a marathon accounting project, leading to a new accounting landscape

In May 2017 the International Accounting Standards Board (IASB) issued IFRS 17 Insurance Contracts. This standard will be applicable for reporting periods starting on or after January 1, 2021. 

CA Sri Lanka honours four founding members

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to four founding members of the institute, who during their lifetime gave leadership towards developing the accounting profession, almost six decades ago. 

A manager welcomes resistance because it’s a sign of change process unfolding

So, your company finally decided that a new process or system needs to be introduced to your workplace. Today, we take a look at some of the problems and objections that may follow this decision. However good your preparation and planning, you can still experience problems if you don’t dive deep enough to uncover people’s objections.

The Factory Outlets re-opens Mount Lavinia branch

The brand new view visible while going past Mount Lavinia in Galle road right now is so inviting, The Factory Outlet (TFO) unveiled a brand new shopping experience with the re-opening of its Mount Lavinia Branch.

Nolimit founder awarded ‘Passionate 2017’ for reshaping local fashion industry

N.L.M. Mubarack, the founder of the leading fashion retail chain in Sri Lanka ‘Nolimit’, was among the 13 individuals selected by Business Today magazine and recognized as ‘Passionate’.

JASTECA-JK Agencies to launch programme for garment industry

JASTECA Institute of Management in collaboration with JK Agencies (Pvt.) Ltd announces its annual programme titled ‘Juki Production Management Programme for the Garment Industry’.

Helavation to launch first augmented reality enabled clothing for children

Helavation, the innovation arm of leading Sri Lanka-based global apparel manufacturer, Hela Clothing, recently announced the launch of its first augmented reality enabled clothing for children.

Ganemulla flyover construction nearing completion

Access Engineering PLC is nearing the completion of the construction work of Ganemulla flyover, a much needed solution for heavy traffic at Ganemulla railway crossing.

Landmark introduces ‘nano house’ to Sri Lanka

The concept of a ‘nano house’ was first introduced in Switzerland, and was named the world’s smallest sustainable house.

Roofing.lk opens first showroom at Malambe

Roofing.lk, a subsidiary of Rhino Roofing Products Ltd. and a popular one-stop-shop for roofing accessory needs, recently announced the launch of its inaugural showroom ‘Roofing.lk’ at Malambe. 

Ekroma provides boutique apartment lifestyle experience with Elegant 16

A BOI-approved real estate and development company, Ekroma Realtors, hopes to encourage a lifestyle that exudes style, elegance and comfort with their inaugural boutique-style residential apartment project, Elegant 16. 

Leema Creations wins SAARC award for Excellence in Interior Design

Leema Creations Pvt Ltd, one of the leading total interior solutions providers and furniture manufacturers in Sri Lanka was conferred the Brand Excellence in Interior Decorators and Designers Award for the SAARC region at the South Asian Partnership Summit and Business Awards Ceremony held recently at Le Meridian Hotel, Dhaka, Bangladesh. 

Millennium Housing records Rs.169 mn first half profit

Millennium Housing Developers PLC (MHDL), Sri Lanka’s leading township developer, announced their outstanding financial performance for the H1 ending 30th September 2017 posting all-time high H1 revenue of Rs.1378.25 million with a PAT of Rs.168.89 million. 

Orion City Towers open for bookings

The Orion City Towers complex is now open for bookings. Custom designed to suit the dreams and needs of a modern business and the first of its kind in Sri Lanka, the building is part of the master plan of the Orion City IT Park- Sri Lanka’s largest one-stop hub for innovation and collaboration.