Business
Home Lands Skyline kicks off US$ 40mn landmark lagoon front apartment project in Negombo
Home Lands Skyline, the undisputed leader in real estate development in Sri Lanka, is gearing up to transform the coastal town of Negombo by acquiring 7 acres of premier lagoon front land for a US$ 40 million landmark development project that is set to make history as the First Tourists Resort Apartment in Sri Lanka.
Located on the Negombo-Colombo main road, this landmark project is conveniently located just 10 minutes away from the Bandaranaike International Airport (BIA) and a mere 5 minutes away from the nearest expressway interchange. The project will provide over 40 amenities including an international standard restaurant and clubhouse. The existing Avenra Bayfonte restaurant is set to undergo a transformation, evolving into an internationally recognized establishment that meets global standards in the near future. While its stunning lagoon front will provide opportunities for engaging in lagoon activities, the development is also poised to create a thriving community hub that combines luxury, functionality and environmental responsibility, setting a benchmark in modern urban living while also creating significant economic and social benefits for the region. Additionally, its unique all-round attributes will allow for residents to generate a Return of Investment of up to US$ 125 per day, making it one of the most lucrative investment options in Sri Lanka’s real estate sector.
The project will consist of five numbers of residential towers featuring a mix of modern apartments and 40 luxury villas. Each tower will rise to seven floors, with two of the towers comprising eight two-bedroom apartments per floor, ranging in size from 900 sq.ft to 1,095 sq.ft. The other three towers will house eight three-bedroom apartments per floor, with unit sizes varying from 1,270 sq.ft to 1,375 sq.ft. The thoughtfully designed layouts and spacious interiors aim to offer residents unparalleled comfort and elegance, catering to both long-term occupants and short-term vacationers.
One of the most exciting aspects of this project is the community it will foster. Unlike traditional apartment complexes, this development is envisioned as a vibrant, interactive space where residents can connect, socialize, and create meaningful experiences. From yoga sessions by the lagoon to gourmet dining experiences at the on-site restaurant, the project is thoughtfully curated to offer something for everyone.
Business
Private taxi operators at BIA call for speedy rental relief as tourist arrivals dwindle
Private taxi operators at Bandaranaike International Airport are calling for urgent rental relief, stating that they are struggling to sustain operations after paying nearly Rs. 19 million in monthly rental fees amid a sharp decline in tourist arrivals during the off-season.
The operators said tourist arrivals have dropped by nearly 80%, severely affecting their income and making it difficult to continue meeting high operational costs.
“Only a small number of tourists are now arriving at the airport, and a majority of them are being taken by metered taxi operators, who pay only around Rs. 700 per ride as fees to Airport and Aviation Services, an operator said.
According to the operators, the six long-standing private taxi service providers at the airport each pay monthly rentals ranging from approximately Rs. 2.9 million to Rs. 4 million. In addition, they are required to maintain a minimum a fleet of six vehicles along with dedicated airport staff.
“What we are requesting is a temporary reduction in monthly rental payments for around three to four months until tourist arrivals improve and the industry returns to normal, they said.
The operators noted that they have been operating at the airport for more than two decades, providing transport services to both local and international travelers, while metered taxi services entered the airport transport sector only about two years ago.
They also alleged that metered taxi operators have been granted more favourable operating conditions and questioned the process through which those operators were allowed to operate at the airport.
Operators argue that the present financial burden has become unsustainable, given the sharp drop in business volumes and what they describe as an uneven competitive environment within the airport transport system.
“What we are requesting is a 50% reduction in monthly rental fees for a period of at least three months, they said.
They also raised concerns about the quality and condition of some vehicles operated by metered taxi providers.
“Passengers are often unaware of the condition of some of these vehicles until they enter them, which can compromise safety standards, one operator claimed.
In contrast, the private airport taxi operators say they maintain newer vehicles and employ experienced, professionally trained drivers to ensure higher standards of passenger safety and service quality.
The operators warned that failure to address the issue could have wider economic and social consequences. The six service providers collectively employ around 250 staff, and continued financial pressure may lead to job losses and a reduction in organised airport transport services.
By Hiran H Senewiratne
Business
Refurbished AAC Call Box declared open
The operation of Automobile Association of Ceylon(AAC) Call Boxes, in the past had provided yeoman service to many motorists including during the era of British planters. AAC services for members are a motoring security when they travel.
The Call Box in Nuwara Eliya was recently refurbished to provide a better and improved service to the Members in the area and the touring public. Now from this Call Box the motorists could get Road Side Assistance, Valuation Reports, Technical Advice and also issuance of International Driving Permits.

The refurbished Call Box at Nuwara Eliya was declared open by Dhammika Attygalle, President of the Association in the presence of S V Ganesh – Vice President, several Executive Committee members, Puthrasigamani, Life Member of the Association, Eng. C S Samarasekera of RDA- Nuwara Eliya, Devapriya Hettiarachchi, Secretary (AAC) and Eng. C L Liyanasuriya – Chief Engineer(AAC).
The services from the Nuwara Eliya Call Box are available from 8.00am to 5.00pm.
Call Technical Officer Sampath Madagama on 0767315696.
Business
Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026
From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story
As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers, industry leaders, financiers, and technical experts to focus on pathways for integrating climate action into Sri Lanka’s growth story.
Held as a biennial platform, the Summit returns this year under the theme “From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story.” While the inaugural edition in 2024 focused on building awareness and advocacy, the 2026 Summit shifts the conversation toward implementation, technical readiness, and compliance as climate-related obligations begin to directly influence access to markets, finance, and investment.
Rather than treating sustainability as a standalone agenda, this year’s discussions will explore how climate considerations are becoming embedded across core areas of business and economic decision-making, from infrastructure and trade to finance, governance, digitalisation, agriculture, and supply chains.
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