Rigid Tyre plant to commence operations in mid-January boosting Sri Lankan exports
Rigid Tyre Corporation (Pvt) Ltd built with an investment of USD 250 million is slated for opening in mid-January 2021. The state-of-the-art, fully-integrated …
Shipping and Transport
Hambantota International Port helps ease congestion at Colombo Port
Two transshipment feeder vessels that were idling at the Colombo Port anchorage for approximately 7 days due to increased congestion, called at the Hambantota …
Hambantota International Port shows rapid transshipment increase in last 2 months
Nov 15, 2020 (LBO) – The Hambantota International Port’s (HIP) RORO operations in the last 2 months has seen a rapid increase in numbers as a result of the …
Exports propel Hayleys to new heights; declares best ever six months
The Hayleys Group delivered a record profit in the first six months of FY 2020/21, with pre-tax profit nearly tripling to Rs. 5.52 billion compared to the …
CICT named Best Container Terminal in Asia in under 4mn TEUs category
Nov 11, 2020 (LBO) – Colombo International Container Terminals (CICT) has brought honour to the Port of Colombo by being adjudged the Best Container Terminal …
Expolanka records revenue of Rs.49Bn and PAT of Rs.4.5Bn in Q2 FY 2021
Expolanka Holdings PLC secured exceptionally strong top and bottom line growth during the quarter ended 30 September 2020 (2Q20), largely as a result of a …
Some parties with vested interests giving manipulated interpretations to our work: SLPA
Oct 29, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) affirms that strict health measures have been introduced for the smooth operation of the Port of …
Capacity expansion project at Colombo International Container Terminal
Oct 27, 2020 (LBO) – Sri Lanka’s cabinet has approved a proposal to expand the capacity at the Colombo International Container Terminal (CICT) with an …
Former Minister Ranawaka writes to Japanese PM on canceled rail project
Oct 19, 2020 (LBO) - In a letter former Megapolis Minister Patali Champika Ranawaka has extended his regret and apologies to the Japanese Government and people …
Sri Lanka’s vehicle registrations expected to down to a 17-year low in 2020
Oct 17, 2020 (LBO) – With the restriction on vehicle imports, First Capital Research (FCR) expects that Sri Lanka's vehicle registrations may down to a …
DIMO and NTB partner to offer exclusive leasing solutions
DIMO, the only Authorized General Distributor for Mercedes-Benz and Jeep in Sri Lanka, has continued to highlight its strong commitment towards providing …
Sri Lanka to establish an Expressway Investment Company
Oct 13, 2020 (LBO) – Sri Lanka's cabinet nod has been received to establish an Expressway Investment Company in such a way that the company is able to raise …
Cabinet decides to cancel LRT project proposed for Western Province
Sep 29, 2020 (LBO) – Cabinet of Ministers has decided to cancel the Light Rail Transit (LRT) System Project planned to be implemented in the Western …
Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters
Sep 25, 2020 (LBO) – The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded …
Sri Lanka vehicle registrations down in Aug 2020
Sep 17, 2020 (LBO) - Total vehicle registrations significantly came down in August to 17,493 units down from 28,572 the previous month with slow downs shown …
President authorized the construction of a docking bay in Beruwala
President Gotabaya Rajapaksa said that Sri Lanka can use its unique locational advantage to become one of the world's leading maritime hubs. President …
CEAT ups ‘2-wheeler’ tyre production
Sep 07, 2020 (LBO) - Maximising capacity utilisation at its manufacturing plants at Kelaniya and Kalutara, the Company pushed production of tyres for …
Permit holders can purchase new vehicles locally with concessions: Finance Ministry
Aug 28, 2020 (LBO) – Sri Lanka's Finance Ministry says that they have issued a circular allowing the vehicle permit holders to purchase unregistered vehicles …
Motor Traffic Dept & Citra Lab to provide more user-focused, digital service for Sri Lanka
The global COVID-19 pandemic has highlighted the vital need for an agile public sector that can effectively respond to rapidly evolving challenges. As an …
Sri Lanka vehicle registrations likely to slow in August due to stockouts: Report
Aug 20, 2020 (LBO) - Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory driving …