December 21, 2021

4min0
      Thornton and Dane Engineering has announced it has been awarded the Rs 1.8 billion contract to build ‘146 Residencies’ – the latest residential development of JAT Property Group (Pvt) Ltd. The Nextventures owned civil engineering company was chosen from five shortlisted bidders to construct the 14-storey edifice at Thalawathugoda, which on completion […]

December 19, 2021

3min0
      Addresses growing local demand for cement while supporting company’s rapidly expanding product portfolio INSEE Cement – the country’s largest cement manufacturer announced a state of the art one million ton per annum grinding capacity expansion at its Ruhunu Cement Works (RCW) plant in Galle, investing in strengthening the local economy by increasing […]

December 17, 2021

5min0
      Colombo, 13rd December 2021: In an effort to support wood craftsmanship in Sri Lanka, JAT Holdings PLC has launched the JAT “Pinthaaroo-Shilpee Abhiman” programme to provide training and apprenticeships to woodcraftsmen, thus encouraging a new generation to take up this important age-old craft. This initiative is an extension of the JAT Sayerlack […]

December 12, 2021

8min0
      LEADING REAL ESTATE AWARDS PROGRAMME RESUMES WITH LAURELS FOR SRI LANKA’S MOST IMPRESSIVE LUXURY AND LIFESTYLE DEVELOPERS Home Lands Skyline (Pvt) Ltd dominates 2021 programme with seven awards, including Best Developer and the Best of Sri Lanka titles Kelsey Developments PLC wins all-new Best Lifestyle Developer award, plus accolades for projects Central Park […]

December 12, 2021

5min0
      December 10th, 2021: The flagship property of Prime Group, Sri Lanka’s leading property developer, The Grand – Ward Place located in Colombo 07 recently revealed its immaculately designed Display Suite to the public. Having fully accomplished the construction of piles and testing, structural work, and super structure work, The Grand draws closer […]

December 10, 2021

4min0
  This week WelcomHotels Lanka Pvt Ltd unveils The Sapphire Penthouse Collection, further consolidating Sapphire Residences’ position as Colombo’s most prestigious luxury apartments. Comprising two Master Penthouses and four Signature Penthouses atop Sri Lanka’s newest landmark, these magnificent residences will be among the largest and most opulent in South Asia. The two Master Penthouses are […]

December 7, 2021
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15min0
      Stamp Duty Charges Vary Based on How the Property is Acquired in Sri Lanka, Says Saminda Jayasekara, Attorney-at-Law According to the report on Land Tenure Considerations in Sri Lanka’s Proposed National REDD+ Strategy Sri Lanka UN-REDD Programme, 82.25% of the land in the country is owned by the government while only 17.75% […]

December 5, 2021
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4min0
    On 15th of November, Sri Lanka’s popular one-stop, general hardware and homeware supermarket, ‘HOMEMART’ opened a new location at the old St Anthony’s Hardware Building at 516, Sri Sangaraja Mawatha, Colombo 10. HOMEMART, a subsidiary of St. Anthony’s Group is one of the oldest and largest hardware manufacturers and distributors in Sri Lanka. […]

December 3, 2021
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5min0
      JAT 146 Residencies expected to maintain 25-35% capital gains Upon completion in December 2023 – rental yields of up to 7% expected YoY Colombo, Sri Lanka, December 2021 – JAT Property Group Pvt Ltd recently announced the launch of its fourth residential development – 146 Residencies, located in Thalawathugoda. The project which […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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