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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Construction Sector

Construction Sector

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41Construction Sector - Page 3 Empty Re: Construction Sector Thu Oct 10, 2019 4:48 pm

sureshot


Vice President - Equity Analytics
Vice President - Equity Analytics
jayawewaa...... afro

42Construction Sector - Page 3 Empty Re: Construction Sector Mon Oct 14, 2019 4:39 pm

samaritan


Moderator
Moderator
Construction Sector - Page 3 0?e=1573689600&v=beta&t=lqHvEyc31xLeLrdxYAyZ__2w8tSq60fJ1NumkwiERLs

CONSTRUCTION BOOM EXPECTED UNDER GOTA'S LEADERSHIP.

43Construction Sector - Page 3 Empty Re: Construction Sector Thu Oct 17, 2019 8:57 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Naming SF as Minister of Law & Order by Sajith, Hooting at SLFPers, break away SLFP group supporting Sajith, GR's failed press conference...Are Gota advocates losing confidence of his victory?
Hence the downturn?

44Construction Sector - Page 3 Empty Re: Construction Sector Thu Oct 17, 2019 9:46 am

CITIZEN


Manager - Equity Analytics
Manager - Equity Analytics
@Promoney wrote:Naming SF as Minister of Law & Order by Sajith, Hooting at SLFPers, break away SLFP group supporting Sajith, GR's failed press conference...Are Gota advocates losing confidence of his victory?
Hence the 
Can't face a press conference, keeping MR beside, looking right and left watching some one written note, how can be a suitable person for the country top seat???

45Construction Sector - Page 3 Empty Re: Construction Sector Thu Oct 17, 2019 10:51 am

Arrowrisk


Manager - Equity Analytics
Manager - Equity Analytics
@CITIZEN wrote:
@Promoney wrote:Naming SF as Minister of Law & Order by Sajith, Hooting at SLFPers, break away SLFP group supporting Sajith, GR's failed press conference...Are Gota advocates losing confidence of his victory?
Hence the 
Can't face a press conference, keeping MR beside, looking right and left watching some one written note, how can be a suitable person for the country top seat???

Only media has exposed him as a leader but in reality he is not suitable for president. Even he does not know the basics of Srilankan constitution. He is good at doing other things (unlawful matters), like he did in the past for MR. Very Happy

ipo

ipo
Equity Analytic
Equity Analytic
The Cabinet of Ministers has decided to abolish the permits for the transport of sand, granite, and rubble, stated Minister S. M. Chandrasena.
The decision will come into effect from tonight, stated the Minister.
Will this have a considerable impact on AEL ?  Rolling Eyes

47Construction Sector - Page 3 Empty Re: Construction Sector Thu Dec 05, 2019 9:35 am

ipo

ipo
Equity Analytic
Equity Analytic
The Cabinet of Ministers has decided to abolish the permits for the transport of sand, granite, and rubble, stated Minister S. M. Chandrasena.
The decision will come into effect from tonight, stated the Minister.

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Sri Lanka will ban foreign contractors from competing for state project and give a slew of benefits for domestic construction companies, a government policy for for the next five years said.
Construction
Sri Lanka will “all state construction work for the domestic
construction firms” the policy document said.

The reduced competition could push up profits of construction firms and raise the cost of state procurement costs overall, analysts say.
Sri Lanka’s new administration had already halved income taxes for construction firms from 28 to 14 percent and also lifted value added tax from aparment and housing projects.
It is not clear how the ban will affect foreign tied funding projects.
Chinese projects in particular are funded with export-import bank financing for China-based contractors.
Some Sri Lankan firms which were sub-contractors to Chinese firms have got involved in joint ventures.
Small and medium subcontracting firms will be provided secure business through legislation, the new policy said.
Building construction approvals will be reduced to 3 weeks, by establishing a system that will enable all approvals to be obtained through one place over the internet, while urban construction will have to follow existing urban development plans.
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Past loans taken by construction firms will be given grace periods and space to renegotiate, new policies showed.
A new system will be set up to manage relations between construction firms and banks via the central bank as well.
Existing licensing for procuring raw material for construction will be revised.
The government will set up an advisory committee of engineers and technologists to help construction firms obtain consultancy assistance, while also helping foster collaboration among the industry, architects association, Institute of Engineers and universities.
Housing
The government policy document envisions providing houses to those in need through easy payment plans based on household income.
Land for housing will be provided at reasonable prices for construction companies.
The price of land, especially in Colombo, has priced out housing for many, although housing costs also higher due to protectionist import tariffs on construction material such as aluminium, steel and ceramics.
Special housing projects will be initiated islandwide under a public-private partnership program, while housing schemes will be set up in rural agriculture areas where land for housing is limited.
Housing will be provided for those who are serving or have served in armed forces and war widows, police officers, displaced persons and those living in shanties.
Banks and private institutions providing loans exclusively for housing will be merged into one Housing Bank, which will provide low interest loans.
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The government will create facilities to train workers to operate machinery in the construction industry, which is facing a labour shortage.
Youth will also be trained to take up technical or technology-related jobs in construction. (Colombo/Dec16/2019)

49Construction Sector - Page 3 Empty Re: Construction Sector Tue Jul 14, 2020 9:35 pm

ErangaDS

ErangaDS
Manager - Equity Analytics
Manager - Equity Analytics
Treasury issues letters confirming bills due from Sri Lanka’s government to contractors

Author LBO
Posted on July 14, 2020 | Companies, Economy, Lead Story

Jul 14, 2020 (LBO) – Sri Lanka’s Treasury has commenced issuing confirmation letters verifying the bills due from the government to contractors and suppliers including for those in the construction sector.

Under this program, these letters will be issued in respect of the arrears for the years 2019 and 2020 reported on 31st May 2020, the Finance Ministry said.

These letters will be issued only to a licensed commercial bank nominated by the relevant contractor and a special account will have to be opened in the name of the contractor to pay the relevant arrears.

Accordingly, bills will be settled by the relevant ministry only through this special bank account in the name of the contractor.

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