Development News

The government yesterday sounded upbeat on the possibility of Sri Lanka achieving an economic growth of 5 percent in 2021. The Cen…

Maga Engineering has begun construction of a new 10-storey medium-rise housing complex as part of the Government’s Railway Effic…

China Development Bank and Sri Lankan Government has entered into an agreement of RMB 2 billion - approximately Rs. 61.5 billion …

Maga Engineering has begun construction of two new flyovers in Slave Island (Colombo 02), along Justice Akbar Mawatha and Uttarana…

With the scheduled 13 development projects between 2021 and 2025, a total volume of 57 million cubic meters of sand will be requir…

The construction of the fourth car park has commenced at Abdul Kader Mawatha in Colombo 11 as part of a programme to construct 12 …

The Cabinet approval was granted to award the contract for the construction of the elevated highway to Kelaniya New Bridge (NKB) v…

GS Sports has denied any involvement with a project initiated by Sports and Youth Affairs Minister Namal Rajapaksa to establish 50…

Chief Guest Prime Minister Mahinda Rajapaksa graced the occasion at the COYLE anniversary celebrations following the 22nd AGM an…

The government has allocated Rs 500 mn for relocating squatters who prevented the laying of new underground pipelines from the C…

Sri Lanka’s 2021 GDP growth prospects  seem positive despite the economy contracting by 1.7 per cent and 16.3 per cen…

Education Minister Prof. G.L. Peiris yesterday (11) said that monuments of any kind couldn’t be built within university premises…

Nimal Lanza, State Minister for Rural Roads and Residual Infrastructure said that the present government has implemented develop…

Extracts from Softlogic Holdings plc’s interim financial statements for the six months ended September 30, 2020 For a consumer-d…

Democratic candidate, Joe Biden, was leading in the US presidential race with several key battleground states being balanced on …

Global human development, which can be measured as a combination of the world’s education, health and living standards, could de…

With the emergence of COVID-19 in Sri Lanka, the country has seen far reaching social and economic consequences affecting the live…

By Shabiya Ali AhlamThe local construction sector is set to slump further with its pleas to the government to release due payments…

Bringing in new hopes to the Sri Lankan cinema industry, construction work for Cinecity Waterfront and Art Centre commenced yester…

The economic growth of the Western Province could be accelerated by 10 percent per annum with the implementation of the advanced t…

The second attempt in two years to attract investors to develop the nine-acre Chalmers Granaries land opposite the Fort railway st…

Omani Oil and Gas Minister Dr. Mohammed Hamed Al Rumhy has reiterated Oman Oil Company’s firm interest to take part in the Hamba…

Washington DC Although the growth in emerging markets and developing economies is expected to stabilise around 5 percent, the Inte…

The development work on a proposed five-kilometre four-lane- stretch of a road in the main city being represented by a leading pol…

The construction work of the Export Processing Zone (EPZ) in Bingiriya was inaugurated by Prime Minister Ranil Wickremesinghe toge…