Connect with us

Business

CBH Lands Opens Up New Avenues for Real Estate Investment in Kurunegala

Published

on

A new real estate investment hub outside the commercial capital is advancing in Sri Lanka. Located in the heart of the North Western Province, Kurunegala is rapidly gaining momentum with the latest technologies, changing tenant preferences and behaviours, and enhanced facilities. This is further strengthened by the completion of the second phase of the Central Expressway, stretching from Mirigama to Kurunegala, adding to the promise of offering greater accessibility.

Expressways are one of the key infrastructure developments for real estate investors to consider. This is especially the case in Sri Lanka – apart from accessibility, the guaranteed continuation of infrastructure and technological development surrounding expressways is an attractive benefit for the urban population as well as forward-thinking industry stakeholders.

With people valuing time and money now more than ever, real estate investment is becoming a more lucrative option over the traditional methods such as savings. Real estate investment offers significantly higher returns and more control over assets. Without doubt, investing in property in close proximity to the Central Expressway, with access to entry and exit points, is an investment for life.

Naturally, properties around expressways swiftly skyrocket in popularity and therefore price, so now is the time take the first step of investing in real estate in Kurunegala.

Recognizing this potential for investment in Kurunegala, CBH Lands has capitalized on the increase in demand and expansion within the province, paving the way for potential investors to purchase plots of land through the developments undertaken by CBH Lands. With a strong belief that Kurunegala is the next investment hub in Sri Lanka, Yatila Wijemanne, Chairman of CBH Lands, expounded on the return on real estate in comparison to other investment opportunities.

Highlighting the benefits of the current investment landscape in Sri Lanka, Yatila Wijemanne explained, “In this prevailing low interest rate environment, funds held in banks provide negative returns, as they offer only 5% per annum, while the actual inflation is above 11%. Thus, one receives a negative return of about 7% minimum per annum by holding funds in the bank. Therefore, it is very important that you invest cleverly, and real estate, if selected carefully, offers the best returns. The key is to identify where one should invest in real estate, and choose an opportunity that will provide the highest amount of return as a percentage. Furthermore, the climate is conducive for real estate investment because home and land loans offer low-interest rates in the short and long run.”

Investment witnessed a sudden shift in the eyes of the general public with the onset of the COVID-19 pandemic. Influenced by the reduction in interest rates and lowered taxes, farsighted investors swiftly progressed towards real estate. While a natural reduction in investments occurred due to the pandemic, society has now eased towards the new normal with investment once again picking up, changing the perception of investment.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Advocata Institute highlights regulatory barrier limiting women’s overtime earnings

Published

on

Advocata Institute says that, a regulatory barrier prevents Sri Lankan women achieving pay parity with their male counterparts despite recent legislative amendments that have opened doors for women to work night shifts.

Despite the 2024 and 2026 liberalizations of the Shop and Office Employees Act (SOEA), which allowed women over 18 to work night shifts in IT, BPO, and hospitality sectors, women remain legally barred from maximizing their income due to rigid overtime restrictions.

Under current regulations, women cannot be employed under the Shop and Office Act for more than nine hours per day, a limit that strictly includes overtime. While Regulation 6 of the Act permits up to twelve hours of overtime per week, this daily “hard cap” creates a practical barrier that prevents women from accessing the full overtime entitlement available to male workers. This creates a regulatory paradox: while the law now permits women to work at night, it simultaneously restricts them from working the hours necessary to take home the same pay as a man performing the same role.

The urgency for reform is underscored by the Sri Lanka Labour Force Survey for the third quarter of 2025, which reveals a significant participation gap. Female labour force participation stands at 33.9 percent, compared to 68.6 percent for men. Closing this gap is a key structural reform priority under Sri Lanka’s International Monetary Fund Extended Fund Facility (EFF) programme, which highlights the importance of modernizing labour laws to expand labour supply and support long-term economic growth.

Debates on reforming these restrictions are often framed around the concern that removing gender-specific protections could expose women to exploitation. However, a woman’s vulnerability in the labour market is shaped less by the absence of gender-specific laws and more by structural challenges such as inadequate public transport, poor workplace infrastructure, weak enforcement of law and order, and limited access to childcare.

Addressing these underlying barriers is critical to ensuring both protection and opportunity. True empowerment requires shifting the focus from paternalistic hour-caps to creating a safe, gender-neutral environment that allows women the agency to maximize their earnings and contribute fully to the national economy.

Continue Reading

Business

Drifting lubricant barrels trigger oil spill on southern coast; 99% of clean-up completed

Published

on

Samantha Gunasekara

Authorities have traced the oil contamination reported along sections of the Hikkaduwa and Peraliya coastlines in the Galle District to drifting barrels of industrial lubricant, while rapid response teams have already removed almost all visible oil deposits from the affected beaches.

The Marine Environment Protection Authority (MEPA), together with the Sri Lanka Coast Guard, launched an immediate response after oil patches were detected along about a 20-metre stretch of coastline in the Hikkaduwa and Peraliya areas.

Addressing a media briefing at the Ministry of Environment, MEPA Chairman Samantha Gunasekara said emergency shoreline clean-up operations began on March 7 under the instructions of Environment Minister Dammika Patabendi.

“Nearly 99 percent of the oil patches have already been cleared from the affected coastal stretch,” Gunasekara said, adding that the swift intervention by authorities had prevented the incident from escalating into a wider marine pollution crisis.

Investigations carried out by MEPA have confirmed that the contamination originated from barrels containing Shell Corena S2 P 100 lubricant oil that had apparently been lost at sea and later drifted ashore.

The lubricant manufactured by Shell plc is commonly used to lubricate the internal components of reciprocating piston air compressors. Officials said the substance is not classified as a hazardous or toxic oil, easing initial fears of severe environmental damage.

MEPA General Manager Jagath Gunasekara said monitoring of the coastline was continuing to ensure that no additional oil patches washed ashore.

Meanwhile, the Department of Wildlife Conservation said there had been no confirmed reports of harm to marine animals, including sea turtles and coastal wildlife, following inspections in the affected areas.

Wildlife officials said they were continuing to keep the situation under close observation to ensure that marine fauna along the southern coast remained safe.

Authorities stressed that protecting the ecological integrity of the southern coastal belt—particularly around the Hikkaduwa marine area—remains a priority, while further investigations are under way to determine how the lubricant barrels ended up drifting in Sri Lankan waters.

By Ifham Nizam

Continue Reading

Business

Support for psychological well-being: Launch of telemedicine psychology program in response to Ditwa Cyclone

Published

on

The Sri Lanka College of Psychiatrists has launched an innovative telemedicine psychology program designed to provide essential support and mental health care to individuals adversely affected by the Ditwa Cyclone. This initiative is a vital response to the psychological challenges faced by the community in the aftermath of the disaster.

However, the implementation of this program has faced significant obstacles, primarily due to a considerable lack of access to smart devices among the target beneficiaries. Recognizing the urgency of this situation, S-lon Lanka (Pvt) Ltd has made a commendable contribution by donating tablet devices through its corporate social responsibility initiative, the “Suwasahana Charika” Program. This generous donation aims to bridge the technological gap, ensuring that individuals in need can access the psychological services offered by the telemedicine program.

The collaborative efforts were strengthened during a recent event that was attended by key figures, including Mr. S.C. Weerasekara, the Group Director / Chief Operating Officer of The Capital Maharaja Group, and Dr. Dashanthi Akmemana, the Chairman of the Sri Lanka College of Psychiatrists.

The Sri Lanka College of Psychiatrists expressed its gratitude to S-lon Lanka for its support and is committed to addressing the community’s mental health needs during this challenging time.

Continue Reading

Trending