FINANCIAL CHRONICLE – The Sri Lankan cabinet has approved a proposal to invite investors for the development of 108 acres of land in Hambantota, designated […]
Category: Construction and Real Estate
Sri Lanka greenlights Rs1.4 billion investment for urban development across ten cities.
FINANCIAL CHRONICLE – The Sri Lankan cabinet has given the green light to a proposal aimed at accelerating urban modernization and branding initiatives in selected […]
Sri Lanka grants $6.04 million contract for Mullikulam Lot A to India’s RS Infraprojects.
Sri Lanka has granted a contract worth $6.04 million, approximately 499.66 million rupees (excluding VAT), for the development of Lot A of the Mullikulam Wind […]
Sri Lanka’s Construction Sector Declines in April 2026, Reports PMI
FINANCIAL CHRONICLE – In April 2026, Sri Lanka’s construction industry experienced a downturn, with activity levels dropping and an index value of 45.7 reported by […]
Sri Lanka Grants Central Expressway Contracts to Maga, Access, and Additional Firms
Sri Lanka has recently allocated seven contracts for the development of segments of the Central Expressway Phase 2. The awarded contracts have been given to […]
Sri Lanka’s Upcoming Environmental Legislation to Introduce Weight-Based Penalties and Enhanced Project Oversight
FINANCIAL CHRONICLE — Sri Lanka is poised to revise its environmental regulations through amendments to the National Environmental Act, as stated by Environment Minister Dammika […]
Sri Lanka’s Construction Sector Sees Slower Growth in March 2026, Reports PMI
FINANCIAL CHRONICLE – The construction industry in Sri Lanka showed continued growth in March 2026, with the Purchasing Managers Index (PMI) reaching a value of […]
Sri Lanka’s Bankruptcy Legislation Needs to Recognize Apartment Buyers as Creditors
FINANCIAL CHRONICLE – A proposed bankruptcy law in Sri Lanka should recognize apartment buyers as equal creditors alongside banks, as they play a significant role […]
Sri Lanka to build 1,000 temporary homes for those affected by the cyclone.
Sri Lanka is set to build 1,000 temporary housing units for individuals displaced by Cyclone Ditwah five months ago, as announced by Minister Nalinda Jayatissa. […]
Sri Lanka seeks investment opportunities for Maradana property.
FINANCIAL CHRONICLE – The Sri Lankan government is set to invite investment proposals for a parcel of land located on Maradana Road in Colombo 10, […]
Sri Lanka’s Construction Sector Sees Growth in February 2026: PMI Report
FINANCIAL CHRONICLE – In February 2026, the construction sector in Sri Lanka experienced growth, achieving a value of 70.3 on the Purchasing Managers Index (PMI) […]