Global steel body hikes demand forecasts, but says risks remain

Views - 10 Wednesday, 17 October 2018 00:00

TOKYO (Reuters) : The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sec

Sharp potential in condo investment for Sri Lankan expats says Iconic

Views - 31 Wednesday, 17 October 2018 00:00

Now more than ever, Sri Lankan expats overseas are eyeing real estate as an investment opportunity, according to real estate sector experts. This has come to light with the depreciation of the Sri Lankan rupee and many expatriates are looking for ap

Idea Group conferred with two more awards

Views - 9 Wednesday, 17 October 2018 00:00

Idea Group Ltd. being a Sri Lankan company has offered the local market a total solution for roof thatching and home interior décor via ‘SIVILIMA’ showrooms along with a gamut of green oriented products. The company was bestowed with two more aw

Quintessential ocean side holiday home at ‘The Loft’ Mirissa

Views - 89 Wednesday, 17 October 2018 00:00

Not content with merely subscribing to the trend of vertical living along the pristine, sandy beaches of Sri Lanka’s coast Provident Capital Ltd. recently broke ground for its latest landmark innovatory project.

RICS Sri Lanka: Elevating country’s real estate development and construction on par with global stan

Views - 32 Tuesday, 16 October 2018 00:00

The Royal Institution of Chartered Surveyors (RICS) was founded in London as the Institution of Surveyors, after a meeting of 49 surveyorsat the Westminster Palace Hotel on 15June 1868. In 1946, King George VI granted the title ‘Royal’ and in 194 wins award

Views - 15 Tuesday, 16 October 2018 00:00 web portal has won the Best Web Portal Demonstration at the Construction Exhibition 2018. is the premier house and building construction web portal which is designed to cater to all your construction requirements! It a

SLIA holds Architects’ Awards Night 2018

Views - 190 Tuesday, 16 October 2018 00:00

The Sri Lanka Institute of Architects “Architects’ Awards Night 2018”, was held at the Grand Ballroom, Hilton Colombo on Saturday 13 October. The event was graced by Architect Marina Tabassum, who is the winner of the Aga Khan Award for Archite

Access Projects breaks ground on Serenia Residences in Talpe, Galle

Views - 333 Monday, 15 October 2018 21:03

SereniaLtd. and its board of directors together with Access Projects and Project Consultants ceremoniously broke ground to kick off the construction of Serenia Residences at a special ground-breaking ceremony in Talpe, Galle.

Rocell Installers Club launches revamped loyalty program

Views - 6 Monday, 15 October 2018 21:01

The Rocell Installers Club launched a revamped loyalty program designed to uplift the lives of Sri Lankan tilers and plumbers.

Amãna Bank offers best pricing for home and apartment financing

Views - 16 Monday, 15 October 2018 20:59

As non-interest based banking gains wider popularity amongst the public, Amana Bank’s Home and Apartment financing facility has been highly sought-after with the current real-estate boom.

Bricks Developers introduces ‘Thurstan 42’

Views - 21 Monday, 15 October 2018 00:00

Bricks Developers Ltd. ventures into the rapidly growing apartment construction industry in the island with an overseas partner Zhongtian Dinghui Investment Company Ltd., which has extensive experience in its homeland.

Access Residencies unveils exquisite waterfront property ‘Aquaria’

Views - 60 Thursday, 11 October 2018 12:00

‘Aquaria’ by Access Residencies, a member of the Access Group specialised in property development, is an exquisite waterfront property conveniently located at No. 160/20, Kirimandala Mawatha, Colombo 05. The complex was unveiled under the patrona

Advantis Engineering builds state-of-the-art school in Batticaloa using upcycled shipping containers

Views - 22 Thursday, 11 October 2018 00:00

Advantis Engineering, a subsidiary of Hayleys Advantis Ltd., recently completed the design, construction and installation of the first school to be built out of shipping containers – The Headway School of Languages in Batticaloa. Utilising the comp

National Chamber seminar on ‘Changing Skyline of Colombo’

Views - 83 Thursday, 11 October 2018 00:00

The National Chamber of Commerce in collaboration with the Urban Development Authority (UDA) of Sri Lanka is conducting a seminar on Thursday 18 October from 3 to 6:30 p.m. at the Chamber Auditorium, 450, D.R. Wijewardene Mw, Colombo 10.  The U

Aedas and KWA: Project architects behind Colombo City Centre

Views - 30 Monday, 8 October 2018 00:00

Aedas, a multinational firm focused on architecture and design, together with the award-winning Colombo-based architectural and interior design firm KWA Architects, were the project architects of Sri Lanka’s latest international shopping mall, Colo

Abans promotes one-stop integrated facilities management solution through FMI

Views - 19 Monday, 8 October 2018 00:00

Abans, a leading brand and service provider has introduced an ‘Integrated Facility Management’ services arm to strengthen its existing business model in Sri Lanka.

JLL Lanka hails deregulation of real estate market as boost for foreign investment

Views - 36 Monday, 8 October 2018 00:00

Real estate consultancy JLL Lanka this week commended the passing of recent legislation pertaining to foreign ownership of land in Sri Lanka, noting that the move will provide a much-needed boost to investor confidence.

Luxury Ritz-Carlton and JW Marriott brands slated to debut in Sri Lanka in 2021

Views - 61 Friday, 5 October 2018 00:00

One Transworks Square Ltd. has announced a plan to bring two luxury brands – The Ritz-Carlton and JW Marriott – to Colombo, set within a prestigious, new mixed-use complex that will offer occupants panoramic views of the Indian Ocean. Poised to c

Excel Court: First fully sustainable apartment complex in Sri Lanka

Views - 63 Friday, 5 October 2018 00:00

Developers of Excel Court, Park View Holdings Ltd. (PVH) have unveiled for the first time in Sri Lanka, a design for an apartment complex that represents the eco-friendly future of apartment lifestyle known as ‘One Planet Living’. Located in the

Flexospan Steel Buildings awarded mega warehouse project by Ceylon Tea Brokers

Views - 27 Friday, 5 October 2018 00:00

Flexospan Steel Buildings Ltd. was awarded a new state-of-the-art warehouse complex project by Ceylon Tea Brokers PLC recently. As one of the largest tea brokering companies listed on the Colombo Stock Exchange, the growth volume of the company’s r

Using fire-resistant Chrysotile fibre cement roofing for a safe household

Views - 17 Tuesday, 2 October 2018 00:00

Fire is one of the major types of accidents that cost lives of people as well as property every year. Fires can be instigated due to natural causes (such as earthquakes, storms, bush fires, lightning) or through human intervention such as due to flaw

M.G. Kularatne recognised as ‘Entrepreneur of the Year’

Views - 102 Tuesday, 2 October 2018 00:00

Veteran business leader M.G. Kularatne won the ‘Entrepreneur of the Year’ award at this year’s Ada Derana Sri Lankan of the Year 2018, held at Hilton Colombo recently. Founder and visionary of Maga Engineering, the largest construction company

Age of Passion: Architecture of Valentine Gunasekara

Views - 41 Tuesday, 2 October 2018 00:00

Archfest 2018, an exhibition showcasing the life and work of late Architect Valentine Gunasekara, and organised by the Sri Lanka Institute of Architects began on Monday and will be held until 5 October at the Western Province Aesthetic Resort (NADA)

Sri Lanka, China break ground for Rs. 2.8 b Research and Demonstration Centre for Water Technology

Views - 41 Tuesday, 2 October 2018 00:00

The ground breaking ceremony of China-Sri Lanka Joint Research and Demonstration Centre for Water Technology with an investment of Rs. 2.8 billion was held last week at the Faculty of Engineering, University of Peradeniya. Speaking at the ceremony M

Iconic commits $50m to serve middle market housing in SL

Views - 77 Friday, 28 September 2018 00:00

By Charumini de Silva Leading South Asian property developer, Iconic Development Ltd., reiterated its confidence in growth outlook of the Sri Lankan real estate sector announcing a fresh commitment of $50 million in the next few years to cater to the

Access Engineering completes construction of new road along west bank of west Beira Lake

Views - 218 Friday, 28 September 2018 00:00

The construction of new road along the west bank of west Beira Lake adjoining the former Army Headquarters, Baladaksha Mawatha, Colombo 2 was recently completed by Access Engineering PLC. Colombo is currently seeing the worst of vehicular traffic sit

Kurunegala Agra Housing Complex to be completed by 2019

Views - 34 Friday, 28 September 2018 00:00

The super luxury living experience at the heart of Kurunegala becomes a reality by August 2019 as the luxury Agra Apartment Complex in Kurunegala completes constructions. The B.O.I. approved project built by an experienced Russian construction compan

Idea Group of Companies introduces innovative ‘Veera’ roofing product

Views - 44 Friday, 28 September 2018 00:00

Idea Group of Companies that offered Sri Lankan consumers revolutionary, environmental friendly roofing products unveiled its newest innovative roofing product branded as ‘Veera’. Veera product was unveiled at the Idea Group’s stall at the ‘C

Home Lands sponsors Construct Exhibition 2018 as Official Real Estate Partner

Views - 17 Friday, 28 September 2018 00:00

Home Lands, as the Official Real Estate Partner, sponsored the 18th Construct Exhibition, which was held on 24, 25 and 26 August, at the Sirimavo Bandaranaike Memorial Exhibition Centre (in BMICH premises), Colombo. Being a group of companies specia

Capitol TwinPeaks introduces Duplex Sky Bungalows on bustling Beira lakefront

Views - 135 Thursday, 20 September 2018 00:00

The shift from landed housing to apartment living is a growing trend in Colombo; 24hr security, convenience of amenities, managed maintenance and elite community, adds to the allure of it all. The city’s unrealised potential for livability is bein

Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B

Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U

Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines

Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel

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