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CONSTRUCTION SECTOR - Page 2 Vote_lcap68%CONSTRUCTION SECTOR - Page 2 Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CONSTRUCTION SECTOR

CONSTRUCTION SECTOR

+24
CITIZEN
Promoney
sureshot
samaritan
jayathu
anges
trader7
Brinthan
Bullrunner7
ONTHEMONEY
w.p.c.s.bandara
vic19
soileconomy
D.G.Dayaratne
Chinwi
Gainer
ranferdi
nimantha80
bandulawee
gamaya
ifenny
Padonrup
Sarabulathwita
Teller
28 posters

Go to page : 1, 2  Next

Go down  Message [Page 2 of 2]

21CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Tue Aug 02, 2016 9:22 pm

soileconomy


Vice President - Equity Analytics
Vice President - Equity Analytics

@D.G.Dayaratne wrote:China may have understood mentality of Basil and the crowd at the time of negotiations with sri Lanka delegations under MR

Now they have understood and make possible amendments to previous contacts
China is giving its minimum support to Sri Lanka to cover the signed agreements only.
They will not sign new agreements and they know exactly mounting Indian pressure

22CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Tue Aug 02, 2016 9:42 pm

vic19


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@ranferdi wrote:
@nimantha80 wrote:
@ranferdi wrote:Boom Boom AEL...
yes i forgot

Keep in your mind.. Port City and Mega Free Zone in hambanthota is under discussion with China. China prefers Access..
@ranferdi

do not have much faith in this.

China is the only country in the world that takes its own work force where ever they build any thing with their own money.

there for expecting much employment opportunity under this development project for local companies and personal will be at a very minimal numbers ( but I hope not ).

Sri Lankans can only stand and watch. just like  BMICH

23CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Tue Aug 09, 2016 10:58 am

Gainer


Associate Director - Equity Analytics
Associate Director - Equity Analytics

CHOU also time to look

24CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Tue Aug 09, 2016 4:52 pm

w.p.c.s.bandara


Equity Analytic
Equity Analytic

AEL win soon

25CONSTRUCTION SECTOR - Page 2 Empty Construction Sector Outlook Brief Thu Aug 18, 2016 1:57 pm

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

[ltr]Construction sector has shown a significant increase of 12.0% YoY during the 1Q 
2016.However, this is on a negative growth recorded in 1Q 2015.


—The total imports of cement and the domestic supply of cement has grown by 24.1% 
and 21.8% respectively in the first quarter of 2016, which is a lead indicator
—
Activities in this sub sector is expected to grow, supported by number of high rise
condominium projects in progress, recommencement of projects of National Road 
Network, and the construction of the Colombo Port City Project.

Good Luck[/ltr]

26CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Fri Aug 19, 2016 3:01 pm

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

North attracts Rs 3,315 mn FDIs:

The Northern Province has attracted over Rs. 3,315 million foreign direct investments for 2016 and the main investors are the Diaspora. These projects will generate over 2000 jobs there. The biggest project awaiting implementation is the Rs. 2.09 billion solar power plant to be built by VYDEXA (Lanka) Power Corporation in Vavuniya. 

In addition Unichela (Pvt.) Ltd will also be opening an apparel factory in Kilinochchi with an investment of Rs. 660 million generating 600 jobs. In addition IC Collection will also open a Rs. 60 million garments factory in Manipay providing 40 jobs. 

The Governor said that there are several top industries worth billions of rupees that are shut down and this endeavor would help to expose their potential to investors. “We welcome more private public sector partnerships for these major factories which include, Chemical plant and Slattern in Paranthan, KKS Cement Factory, Palmyrah Distillery in Point Pedro and other institutions.” 

http://www.dailynews.lk/

27CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Wed Aug 31, 2016 10:33 am

ONTHEMONEY


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hi all,

#AEL seems to be leading the rally!


Good Luck

28CONSTRUCTION SECTOR - Page 2 Empty Construction Stock's New's Thu Nov 10, 2016 9:31 am

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

JBy Uditha Jayasinghe 

Cabinet yesterday approved allocating Section II of the Central Expressway section from Meerigama to Kurunegala to local contractors at a cost of Rs. 137 billion but declined to explain why only one bid was received for each section or to respond to queries of opaque tender procedures.

The cost for the section, spanning 39.29 km, ran into a dispute as bidders sent in contract packages that were 18%-20% higher than the estimate given by the State engineer, the Cabinet paper submitted by Highways and Higher Education Minister Lakshman Kiriella showed. 

However, despite the higher cost the Government did not allow for competitive bidding through open tenders but instead only received one bid for each of the four parts Section II was divided into.  

“The Cabinet Appointed Negotiating Committee after having considered the recommendations of the Procurement Committee and the outcome of the negotiations with the bidders decided to recommend for the approval of the Cabinet that the respective contract packages be awarded to the respective consortium of contractors which has submitted the bid for the relevant package at the corresponding negotiated bid price,” the Cabinet paper noted. 

It also goes on to say that “only one bid was received for each contract package” and therefore an appeal procedure would not be applicable. 

The Government engineers’ initial estimate of Rs. 126.8 billion without VAT was later negotiated up by the Cabinet Appointed Negotiation Committee (CANC) to Rs. 137 billion excluding VAT, which is an 8.05% increase, documents seen by the Daily FT said. Cabinet spokesman Dr. Rajitha Senaratne argued that the revision had to be made as none of the bidders were willing to meet the Government’s estimate. 

“The procurement committee and the CANC had several rounds of discussions to sort out this issue. The private sector has always asked to have access to these large scale projects and they were never allowed under the previous Government. Now we have given them this chance,” he disputed.       

When reporters raised questions about the other sections of the Central Expressway Dr. Senaratne brushed them aside by promising to ask Highways Minister Lakshman Kiriella to attend the Cabinet briefing next week to respond to concerns.  

Local media had earlier reported the Government is in talks with China’s Exim Bank to fund Section I of the Central Expressway, which the contractor, the Metallurgical Construction Company (MCC) of China, has now priced at Rs. 158 billion or Rs. 12 billion more than was originally stated. MCC has been awarded the contract without a tender.

Section I runs 37.1 km from Kadawatha to Mirigama. At the current price, this translates to nearly Rs. 4.3 billion per km. the Government has also run into fresh controversy over its decision to prelist Japanese companies allegedly with the support of the Japanese embassy for the 32.5 km Section III of the Central Expressway from Pothuhera to Galagedara in Kandy.       

Under the latest Cabinet decision the entire length of Section II has been broken into four sections named Package A, B, C and D. Package A (9.71km) has been given to the International Construction Consortium (ICC), Access and a joint venture with Nawaloka and Kdesh for Rs. 34.1 billion. Package B (10.20 km) has been parcelled off to Sierra, Olympus, Tudawe Brothers and Consulting Engineers and Contractors (CEC) for Rs. 34.5 billion. Package C was given to K.D.A Weerasinghe and Co. (KDAW), NEM Construction, and the lesser known E&C at a cost of Rs. 32 billion. 

Package D, despite having the shortest span of 8.5km, was given to MAGA Engineering, CML-MTD Construction, along with V. V. Karunaratne & Co and Hoveal Construction for Rs. 36.2 billion. 

Under this allocation, each kilometre in Package A will cost Rs. 3.52 billion, which is an increase of 8.22% from the initial price estimate. Each kilometre in Package B will cost Rs. 3.39 billion, which is a 7.94% increase and Package C will cost Rs. 2.94 billion per kilometre, a 7.8% increase from the initial estimate given by the State engineers. Package D has the highest cost of Rs. 4.27 billion per kilometre and is a 8.21% increase from the initial forecast. On average, each kilometre of Section II will cost Rs. 3.49 billion. 

The Cabinet spokesman defended the price increases saying they were due to design changes made from the initial drawing done during the tenure of the previous Government. 

The Cabinet paper submitted by Kiriella noted that the “cost of a kilometre is different from package to package due to the additional cost for construction of interchanges, railway overpasses and operational areas and due to different lengths of viaducts.” 

Package A has one interchange and a 2.11 km-long viaduct, Package B two interchanges and a 1.77 km-long viaduct and Package C is a 0.56 km viaduct. Package D will have two interchanges, one railway overpass, one operational area and a 2.35 km-long viaduct.  - See more at: http://www.ft.lk/article/579437/Cabinet-approves-Rs--137-b-Central-Expressway-section-for-local-contractors#sthash.J6WNNJBY.YyXSBnOT.dpuf

29CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:34 am

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

Good News for Access Engineering! 
Good future ahead !

30CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:35 am

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

ECONOMYNEXT – Sri Lanka’s construction industry is expected to do well in the next few years given increasing homeownership affordability, big government infrastructure projects and rising demand for high-rises, stock brokers First Capital Equities said.

Growth in the sector slowed down in 2015 after the new government halted some big infrastructure projects, pending reviews of their costs and environmental impact. 

“Infrastructure being one the main driving forces of the construction sector, suffered a hefty blow amidst slowdown in the infrastructure drive during 2015,” the brokers said in a research report on the construction sector. 

But the brokers said they expect “a booming construction sector over next 2-3 years supported by rising affordability for housing, demand for skyscrapers and the government’s mega infrastructure drive.” 

The report said the listed Construction & Building Material Sector on the Colombo bourse is expected to provide 46% average return (annualized 29%) over an 18-month period, well above the expected market return. 

First Capital Equities said middle income affordability will be one of the drivers of construction through the housing market.

“Higher affordability coupled with the prevailing lower interest rate regime and accelerating urbanization has increased demand for housing and apartments, driving the construction sector,” they said.

Skyscraper construction will continue to dominate in the tourism and office space sector.

“With the prevailing high tourist arrival figures converting into new hotels, supplementary establishments and shopping malls, skyscraper construction is expected to continue at a similar pace to the last 5 years,” the report said. 

“The shortage in office space is also likely to add to the future demand for more skyscrapers over the next 5 years.”

The report also said the new government’s USD 40 billion Western Region Megapolis project will provide a huge boost to the overall construction sector.

(COLOMBO, Sept 29, 2016)

31CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 8:09 pm

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

75% waiver of PAL for construction sector

32CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:06 pm

Brinthan

Brinthan
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@Bullrunner7 wrote:75% waiver of PAL for construction sector
WHAT IS PAL....?

33CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:14 pm

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

@Brinthan wrote:
@Bullrunner7 wrote:75% waiver of PAL for construction sector
WHAT IS PAL....?
Port and Airport Development Levy

34CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:16 pm

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

Raw material imported for processing and export is exempted from the payment of PAL. Payment is applicable for all other imports including capital goods. 
Hope this Helps Smile 

35CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 10:26 pm

trader7


Manager - Equity Analytics
Manager - Equity Analytics

AEL (Acess Eng.) and TKYO should do well in the future.

36CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 10:40 pm

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

Yes for sure !

37CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Sun Nov 13, 2016 3:11 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

construction and related sectors should flourish in the few years to come ! but will the finance sector benefit indirectly from this ??????????????

38CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Tue Nov 15, 2016 1:23 pm

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics

https://doc-00-34-docs.googleusercontent.com/docs/securesc/ha0ro937gcuc7l7deffksulhg5h7mbp1/g1pgpmennhg0lr0ta5algd5grks0apf3/1479189600000/09303087227824227034/*/0Bw1ZyyGsSBAjTXQ3Y1VmZEtkaEE?e=download

Read Page 12-17 !

It'll give you the benefit for each sector In the CSE !

39CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Tue Nov 15, 2016 4:54 pm

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

As expected ACL n APLA has done well.

APLA Six months EPS 31.50

Annualized EPS 63

PE ratio (Annualized EPS) 3.49times

very much undervalued counter

40CONSTRUCTION SECTOR - Page 2 Empty Construction Sector Wed Oct 09, 2019 3:11 pm

samaritan


Moderator
Moderator

CONSTRUCTION SECTOR - Page 2 0?e=1573689600&v=beta&t=1rw71Eh75O8o8EufF9ZzfkkzgZWceFLn0SpLTX9FLiI
CONSTRUCTION BOOM EXPECTED UNDER GOTA'S LEADERSHIP.


_________________




The biggest risk in life is not taking any risk at all.

41CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Thu Oct 10, 2019 4:48 pm

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

jayawewaa...... afro

42CONSTRUCTION SECTOR - Page 2 Empty Re: CONSTRUCTION SECTOR Mon Oct 14, 2019 4:39 pm

samaritan


Moderator
Moderator

CONSTRUCTION SECTOR - Page 2 0?e=1573689600&v=beta&t=lqHvEyc31xLeLrdxYAyZ__2w8tSq60fJ1NumkwiERLs

CONSTRUCTION BOOM EXPECTED UNDER GOTA'S LEADERSHIP.


_________________




The biggest risk in life is not taking any risk at all.

43CONSTRUCTION SECTOR - Page 2 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 2 Empty Re: CONSTRUCTION SECTOR Thu Oct 17, 2019 9:46 am

CITIZEN

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 2 Empty Re: CONSTRUCTION SECTOR Thu Oct 17, 2019 10:51 am

Arrowrisk

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 2 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.
SEE ALSO

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US trains English teachers to prepare Sri Lanka students for global markets

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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.
Addressing the Labour Shortage
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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 2 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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