Property/Construction

Challenges to improving sustainability in business

Views - 35 Tuesday, 7 January 2020 00:15

By Sucharitha Navarathne Though sustainability has many positive impacts on business, it can also be challenging to actually implement these changes. Here are some of the biggest barriers those businesses, particularly small ones, face when trying to


Coenergi signs up as LEED Consultant to Anugraha Fashions, India

Views - 9 Tuesday, 7 January 2020 00:15

Coenergi has clinched its first project in India, with Anugraha Fashion Mill Ltd. from Tiripur signing up Coenergi as a consultant to obtain Leadership in Energy and Environmental Design (LEED) Gold for its facility in Tiripur. The contract letter w


Altair among top-notch property companies at LPS Shanghai 2019

Views - 30 Friday, 27 December 2019 00:00

The investment opportunities in Sri Lanka’s property development sector generated significant interest at the 2019 Luxury Properties Showcase Ltd. (LPS) exhibition in Shanghai, China, according to Altair, one of the leading participants from South


SLIA signs MOUs with key sponsors for “Annual Sessions 2020’’

Views - 66 Friday, 27 December 2019 00:00

The 38th Annual Sessions of the Sri Lanka Institute of Architects (SLIA) is scheduled to be held from 19th to 23rd of February 2020 at the BMICH Colombo, comprising of a series of events including the most prominent event of “Architect 2020 - Memb


LEED Gold Certification by Coenergi for Orion City

Views - 16 Friday, 27 December 2019 00:00

Green Consultants Coenergi Ltd. obtained a LEED Gold Certification for Orion Tower Phase 1 under the Orion City IT Park. The certification was presented on 5 December to Orion Development Ltd. Project Manager Sumith Kulugammana by Coenergi COO Madush


Millennium Housing Developers receives ‘Asia’s Most Trusted Real Estate Company Award 2019’

Views - 35 Tuesday, 24 December 2019 00:09

Millennium Housing Developers PLC has taken urban and township development to unprecedented heights. Since 1999, the company has been revolutionising mega township projects by identifying and catering to the progressive lifestyles of prospective cli


ICC’s Oceanfront Condominiums Galle ready for viewing

Views - 34 Tuesday, 24 December 2019 00:07

Oceanfront Condominiums Galle, the latest residential beachfront development of premier contractor International Construction Consortium (ICC) gives prospective homeowners an opportunity to experience the lifestyle with the unveiling of their model a


Sripalie Contractors wins 1st Runner-Up in large category; clinches Construction sector Award at NBEA

Views - 126 Tuesday, 24 December 2019 00:05

Sripalie Contractors Ltd. was felicitated with two prestigious awards at the National Business Excellence Award 2019 (NBEA), hosted by the National Chamber of Commerce of Sri Lanka (NCCSL). This time, Sripalie Contractors tops in the Construction Ind


ICC’s Nilaveli and Nivasie receive top accolades at prestigious Construction Excellence Awards 2019

Views - 46 Friday, 20 December 2019 00:00

International Construction Consortium (ICC), one of Sri Lanka’s well established and renowned construction entities, was bestowed with the prestigious Construction Excellence Awards for its top notch development in the local real estate space and b


Kelsey Homes and HNB partner to provide loans up to 75% for Urban Gateway project in Kottawa

Views - 39 Friday, 20 December 2019 00:00

Kelsey Homes, the pioneering real estate developer in Sri Lanka, has partnered with HNB, one of the country’s leading banks, to provide aspiring homeowners with special loans of up to 75% for purchase of homes at Urban Gateway in Kottawa. This, hom


Capital TRUST Properties partners with Sky One Residences to market Luxury Sky One Tower

Views - 49 Friday, 20 December 2019 00:00

Leading Sri Lankan real estate company Capital TRUST Properties has partnered with Chinese construction company Zhong Tian Ding Hui (ZTDH) Hong Kong Ltd. to promote apartment sales at ‘Sky One Residences’ in Colombo-10. Both parties bring to the


Home Lands Skyline launches Canterbury Apartments & Residencies in Piliyandala, Kahathuduwa

Views - 1155 Friday, 20 December 2019 00:00

Unrolling the majestic backdrop of lofty Victorian architecture in the region’s first-ever Golf View Apartment setting, Home Lands Skyline has launched their latest innovation, Canterbury Apartments & Residencies in Piliyandala, Kahathuduwa. Along


Sri Lanka’s tallest A-grade office complex MAGA ONE achieves full occupancy

Views - 440 Thursday, 19 December 2019 01:06

MAGA ONE, Sri Lanka’s tallest A-grade office complex developed by the country’s largest construction company, Maga Engineering, has reached full occupancy within its first year of operations, making it the leading choice for global and local corp


Marina Square – Uptown Colombo participates in LPS Shanghai 2019

Views - 37 Thursday, 19 December 2019 01:04

Marina Square – Uptown Colombo, Sri Lanka’s first and largest harbor front development project, was one of the two participants from Sri Lanka at LPS Shanghai 2019, the leading luxury real estate exhibition held in China’s commercial and financ


Tax reductions support construction industry development

Views - 114 Wednesday, 18 December 2019 03:02

On the advice of President Gotabaya Rajapaksa, the reduction of tax components in the construction industry on Pay As You Earn (PAYE) tax to 14% from the original 28%, Value Added Tax (VAT) from 15% to 8% was appreciated by the leading institutions a


Capitol TwinPeaks awarded Green Certification in construction at Green Building Awards

Views - 59 Wednesday, 18 December 2019 03:00

Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located at the up-and-coming, high-end investment location – the Beira Lakefront in Colombo 2 – was awarded the Green Certification by the Green Building Council of Sri Lank


Roofing.lk now open in Nawala

Views - 17 Wednesday, 18 December 2019 02:58

Pioneering an industry-first, Rhino Roofing Products Ltd. launched the island’s first-ever online roofing products store accessible via www.roofing.lk and its flagship store at Nawala today. Roofing.lk flagship store at Nawala was opened by Rhino G


Colombo’s crowning jewel: Ahasa One Sky Bridge, the first of its kind in South Asia

Views - 739 Wednesday, 18 December 2019 02:58

For over a century, Galle Face has been Colombo’s prestigious ocean front green and the city’s ceremonial centre. Sitting majestically between the ocean, bustling metropolis and lake, this narrow, picturesque stretch of prime land is being transf


‘The One – Sri Lanka’ wins Best Mixed Use Development at Asia Property Awards 2019

Views - 79 Friday, 13 December 2019 00:00

The One Transworks Square Ltd. recently took its rightful place among the Asia’s finest real estate players as it scored a major win at the prestigious PropertyGuru Asia Property Awards 2019 held in Bangkok, Thailand. The PropertyGuru Asia Property


Unparalleled view, exceptional style, nonstop luxury at CCC Residences

Views - 34 Thursday, 12 December 2019 02:51

Whether you are looking for a home or an investment, the Residences at Colombo City Centre offers you the best option for both. The Residences at Colombo City Centre offers you the opportunity of being one of the 192 lucky owners of an apartment tha


Browns General Trading Division introduces Plumtek

Views - 101 Thursday, 12 December 2019 02:49

Browns General Trading Division (GTD), the leading provider of world-renowned high quality hardware solutions to Sri Lanka, recently launched ‘Plumtek’—the newest addition to its extensive portfolio. Plumtek offers a wide range of ABS taps, va


Tokyo Cement customers to get direct benefit from tax reductions

Views - 20 Thursday, 12 December 2019 02:48

Tokyo Cement Group announced that they will directly pass on the benefits of the recently announced tax reductions by the Government to all their customers. Tokyo Cement Group, the country’s largest manufacturer and supplier of cement, made this an


CIOB and UOM successfully conclude WCS 2019

Views - 30 Thursday, 12 December 2019 02:48

Ceylon Institute of Builders (CIOB) and Department of Building Economics, University of Moratuwa, Sri Lanka, jointly organised the World Construction Symposium 2019 which was held on recently in Colombo for the eighth consecutive year. As always, it


ACL Elegance posts first successful year of operation

Views - 5 Thursday, 12 December 2019 02:47

ACL Elegance, the premier range of switches and sockets manufactured by ACL Cables PLC, the nation’s No. 1 cable manufacturer, marked a successful first year and positive market acceptance since its launch in 2018. Noteworthy, the range concluded a


INSEE Cement to pass on benefit of tax relief to customers

Views - 100 Thursday, 5 December 2019 00:00

INSEE Cement Sri Lanka (Siam City Cement (Lanka) Ltd.) yesterday announced that it will be passing on the tax reduction benefits to its consumers and industrial customers. Following the recent announcement by the Sri Lankan Government to provide tax


Grit Property Group workshop on Australian property investment and migration

Views - 18 Thursday, 5 December 2019 00:00

Grit Property Group, a reputed global commercial and residential real estate investment and management firm will be hosting a property investment and migration workshop targeting individuals, families, investors and companies wishing to diversify the


WTC Colombo, first commercial building to be awarded ISO 50001: 2011 Energy Management System

Views - 241 Thursday, 5 December 2019 00:00

In November 2019, the World Trade Center Colombo (WTC) was recognised as the first-ever commercial building in Sri Lanka to receive the ISO 50001: 2011 Energy Management System Certification. ISO 50001 is the international standard for Energy Mana


John Keells Properties concludes international road shows

Views - 171 Monday, 2 December 2019 00:32

John Keells Properties successfully concluded a series of international roadshows to promote its two upcoming residential projects – TRI-ZEN and Cinnamon Life – among foreign investors and Sri Lankans living overseas. The roadshows were held in G


INSEE Cement takes giant step to bring innovation to industry

Views - 200 Monday, 2 December 2019 00:28

The leading provider of cement in the country, INSEE Cement Sri Lanka, has created a commendable milestone in its corporate journey by introducing an i2i (innovation to industry) open collaboration space to upgrade the national construction industry.


Re-inventing the self-contained urban living experience

Views - 197 Monday, 2 December 2019 00:26

An increasing number of families are now opting to move to luxury apartments in search of a self-contained environment with easy access to essential facilities like quality schools, hospitals and the airport. Green spaces among amenities from sports


Today's Columnists

Economic growth through fragmentation and global value chain

Wednesday, 19 February 2020

The global value chain will continue to enhance economic growth, create better job opportunities and shrink poverty in developing countries. As far back as the 1990s, through international trade, global value chain benefits were experienced by poorer


Sri Lankan housewife in trouble again?

Wednesday, 19 February 2020

After almost six quarters of negative growth, starting from Quarter 1 2016, Sri Lanka saw overall general trading conditions recovering to register +4.1% GDP growth in Q1-2019 and +3.7% in Q2-2019 which was a welcome sign to a typical Sri Lanka hous


Their investigations and our investigations

Wednesday, 19 February 2020

There must be very few subjects in this country more investigated than the alleged wrongdoings in relation to Government issued bonds. Beginning with the so-called Pilipino committee (appointed by persons whose very conduct was germane to the inquir


Education and vocational training: lessons learnt from Singapore

Wednesday, 19 February 2020

In the 1960s, Lee Kuan Yew, the eminent leader and founding father of Singapore, once said that he wants to build Singapore as Sri Lanka. But what has happened today? Sri Lanka is lagging behind Singapore in many aspects. Singapore has no natural res


Columnists More