Nawaloka Construction completes concrete pouring project at ITC One Colombo 1

A forerunner in Sri Lanka’s construction industry, Nawaloka Construction Company (Private) Limited, recently completed the massive concrete pouring project at ITC One Colombo 1.

Magnificent living spaces with skyline views at Elektra, Koswatte

Coming up in the fast growing Koswatte suburb of greater Colombo, Elektra is a condo development project by veteran builder Floreat Homes. 

World’s tallest model apartment makes way for Achilleion

Sri Lanka’s foremost real estate giant, Blue Mountain, has announced 2nd November 2017 as the last day for prospective customers to view the majestic model apartment at Achilleion to experience seven-star luxury at its best.

Advantis Engineering lauded for innovation at Construct 2017

Advantis Engineering bagged the ‘Most Innovative Stall’ Award at the National Construction Association of Sri Lanka’s (NCASL) Construct 2017 Awards ceremony held at Water’s Edge recently. The company received this award for the modular living vision of a ‘Smart Space’ that it showcased at the Construct 2017 exhibition in August this year.

Gampaha – The rising residential hub

According to the report dubbed ‘An Island of Retail Opportunity’ by the investment management firm Jones Lang LaSalle (JLL), Gampaha is one of the upcoming retail hotspots in the country. Even though the city of Gampaha is the administrative capital of the region, the largest metropolis within the district, the city of Negombo, is also showing remarkable growth in its real estate sector thanks to its tourism value.

Prime Group awards Prime Grand construction contract to Maga Engineering

Prime Group, the leading Sri Lankan property giant, announced the awarding of the contract for construction of its iconic property Prime Grand, Ward Place to renowned construction entity Maga Engineering at a ceremony held at the Prime Grand Display Suite and Sales Gallery recently. Prior to the awarding of the contract, an extensive evaluation process was carried out by Prime G

Regent announces brand new sports complex in 2018

The board of directors along with staff, architects, contractors and builders came together to mark the beginning of construction for the Regent Country Club’s brand new sports complex recently.

Link Ready-mix launches new batching plant in Jaffna

In a bid to support the Blue Ocean Group’s ongoing construction projects in the Northern province, Link Ready-mix, a subsidiary of the Group, has obtained a new ready-mix batching plant at No.21/1, Kandy Road, Navatkuli, Jaffna.

Iconic Galaxy’s innovative 30:70 payment scheme receives overwhelming response

Iconic Developments Ltd, developers of the upcoming Iconic Galaxy project, announced that its unique payment plan which enables buyers to pay only 30 percent of the purchase price during construction and the remaining 70 percent on completion of the apartment will come to a close on October 31.

‘Excon 2017’ roadshow to be held in Colombo

Confederation of Indian Industry (CII), India’s Apex Industry Association, will hold a Road Show in Colombo on 25th October, in a bid to promote one of it’s iconic event, ‘Excon 2017’, South Asia’s largest event for Construction Equipment.

Pinnacle partners Floreat Homes to launch 333 Pinnacle, Negombo

Pinnacle Residencies, in partnership with Floreat Homes (Pvt.) Ltd, recently launched the luxury beachfront condo development, 333 Pinnacle, in Negombo.

Sri Lanka in a disastrous position in relation to trade: expert

Fraser Institute Canada Economic Freedom Research Michael Walker Chair Fred McMahon, one of the contributors to the institute’s Economic Freedom of the World 2017 Annual Report, was recently in Colombo to attend the Advocata Economic Freedom Summit. Mirror Business sat down with McMahon for a chat.

Sanken Construction conducts wind tunnel test for Capitol TwinPeaks

Luxury living at its best, the combined synergies of Capitol Developers and Sanken Construction renders Capitol TwinPeaks a lucrative investment.

Importance of investing and staying invested in Sri Lankan real estate

The construction sector has been a highly dynamic and vibrant contributor to national economic growth in post-war Sri Lanka, most recently recording a staggering growth rate of 9.3 percent in the second quarter of 2017.

RMIT University collaborates SAITM Faculty of Engineering

Australia’s prestigious RMIT (Royal Melbourne Institute of Technology) recently initiated a partnership with SAITM (South Asian Institute of Technology and Medicine) to make Australian degrees and internships available locally to engineering students at affordable rates.

NSBM Green University Town announces Career Fair–2017

NSBM Green University Town announced its Career Fair 2017 to be held on 25th and 26th November at NSBM Green University Town in Pitipana, Homagama.

University of Houston Victoria conducts open day

The University of Houston Victoria recently concluded a successful open day at Regency Wing, Galle Face Hotel recently.

AIS Innovation Centre to develop computational thinking

Asian International School (AIS) Colombo, in partnership with IgniterSpace and Create Lab of Singapore, last week unveiled its ‘AIS Innovation Centre’ aimed at augmenting computational thinking and creative problem solving in students.

Tea Board Chairman praises RPCs for overcoming severe challenges

Addressing a gathering at the 163rd Annual General Meeting of the Planters’ Association of Ceylon (PA), Sri Lanka Tea Board Chairman Rohan Pethiyagoda strongly commended the country’s regional plantation companies (RPCs).

Eastern Brokers achieves all time record price for Kirklees Estate

At the recently concluded Colombo Tea Auctions, Kirklees Estate had the proud distinction of achieving yet another all time Colombo auction record price of Rs.750 per kilogram for a BOPF Grade, in the Uda Pussellawa elevation category.

Towards a more secure recovery shared by all

Following is the 2017 Annual Meetings Plenary Speech by International Monetary Fund (IMF) Managing Director Christine Lagarde.

Investing in human resources and reforming Sri Lanka’s labour market

The Economic Statement of October 2016 presented by Prime Minister Ranil Wickremesinghe envisages increasing the growth rate of the Sri Lankan economy to 7 percent, with the objective of doubling the per capita incomes by 2025. Given that the Sri Lankan economy is closely integrated with the rest of the world, achieving a sustained average growth rate of 7 percent will only be possible if the country manages to stay competitive in the global mark

Innovation Quotient leads charge in digital transformation of Sri Lanka

For the first time in Sri Lanka, Innovation Quotient -IQ- is bridging the gap between human insight, applied creativity and technical capability. And it’s bringing these solutions to top corporates, businesses and start-ups around the country. 

CA Sri Lanka to host SAFA technical workshop on NOCLAR and IFRS

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will host an international technical workshop of the South Asian Federation of Accountants (SAFA) in October this year, which will feature top international experts who will educate accountants in South Asia on the Non Compliance with Laws and Regulations (NOCLAR) and the IFRS15 standards. 

Insights celebrates decade in advertising

Insights Advertising, an integrated marketing and communications agency completed their tenth year of operations in the field of creative solutions in media. 

Breathing life into business confidence

Given current sentiments and the high inflationary regime of over 7 percent coupled with the slow pace of Foreign Direct Investments, the International Monetary Fund’s growth projection of 4.7 percent for Sri Lanka in 2017 was encouraging and optimistic as espoused by many. 

Central Bank to aid war-hit families in debt trap

The Hindu: Sri Lanka’s Central Bank will evolve a programme to help the country’s war-affected communities tackle the mounting pressure of household debt, according to  its chief.

Avenue 9 brings luxury living to Mount Lavinia

A remarkably resilient real estate industry in Sri Lanka has been developing and expanding over the last couple of years. Major cities throughout the country have become urbanized and commercialized to such a degree that a condominium or two is now a common site.

Hi-tech Tokyo Superlight cellular lightweight concrete factory comes to Elpitiya

Tokyo Cement, the manufacturers of Tokyo Superlight, Sri Lanka’s first cellular lightweight concrete block, ceremonially inaugurated their state-of-the-art production plant with expanded capacity in Elpitiya recently.

Real estate and construction sector as backbone of SL’s economy

As Sri Lanka sails forth towards unprecedented development, the real estate and construction sector has become significant as the back bone of the country’s economy.