Category: Shipping and Transport

SINGAPORE, Apr. 25 (AFP) – The Philippines, Singapore and Japan escaped the 2004 tsunamis which devastated much of Asia but some potential travelers believe otherwise, a survey released Tuesday found. The poll of thousands of respondents across 10 global markets found that an average of 18 percent said several destinations untouched by the tragedy were […]

PARIS, Apr.24 (AFP) – From cars to planes, chemical plants to retail, every sector in the world economy is having to adapt to the prospect that high oil prices are going to last.Most oil firms are transferring the price hike to their clients, noting that high oil revenues stimulate research and development. CARS: Although driving […]

Apr.21 (LBO) – China Friday agreed to give a billion rupee grant to build three flyover roads in Sri Lanka, the Finance Ministry said. – LBO Newsdesk “The three infrastructure projects will help reduce the traffic congestion on the highly congested interchanges at Nugegoda and Welikada and also the road section from Kadawatha to Kiribathgoda,” […]

Apr.17 (LBO) – Sri Lanka’s Department of Railways is planning to rent locomotives from India, Transport Minister A H M Fowzie said Monday. We can rent a one for Rs100,000 a day and earn about Rs150,000 out of it,” Minister Fowzie told LBO. We are currently discussing with the Indian railway consultancy RITES, how this […]

Apr.07 (LBO) – Sri Lanka will go back to five and a half hours ahead of Greenwich Mean Time (GMT) from the traditional Sinhala and Tamil New Year of April 14, joining the same time zone as giant neighbour India. Departure and arrival times of flights into and out of Colombo will advance by half […]

Apr.06 (LBO) – Engineers of the Colombo Port are urging the president to speed up a project to modernise the port’s computer system, which will improve efficiency and maintain its position as a hub port.The Sri Lanka Ports Authority Engineers Union has appealed to President Mahinda Rajapakse to fast track the process of commissioning a […]

Apr.03 (LBO) – Sri Lanka has asked the Pakistan government to start a Colombo-Karachi ferry service and liberalise air services during President Mahinda Rajapakse’s recent state visit to the neighboring country, a senior government minister said. -Jayantha Kovilagodage: jayantha@  “At the moment there are three flights a week to Pakistan from Sri Lanka, and two […]

Mar 20 (AFP) – More than 100 US troops who were stranded in Sri Lanka after their aircraft made an emergency landing last week left the island Monday aboard a chartered plane, airport officials said. A Boeing 757-200 aircraft carrying 119 troops and crew was diverted to Colombo’s Bandaranaike International airport on Thursday while travelling […]

Mar. 13 (LBO) – Sri Lanka will push for an open skies agreement with India, on the sidelines of trade talks in May to liberalise service sectors of both countries.Both sides are finalising positions for talks on a Comprehensive Economic Partnership Agreement (CEPA), with areas like shipping, tourism and financial services also making the list. […]

Mar10. (LBO) — The government doubled a cess on nonferrous metal exports in a move to keep down raw material costs of small scale brass and copper based metal based industries in Sri Lanka.A Ministry of Finance and Planning statement said Friday, the increased cess is as per an August 2005 gazette notification and under […]

Mar. 05 (LBO) – Two of the three airlines that were given provisional approval to start international services out of Sri Lanka have so far submitted detailed business plans, authorities said. The government gave provisional approval to three out of nine applicants that asked permission to start international commercial passenger services. Expo Aviation, Holiday Air […]

Mar. 03 (LBO) – Sri Lanka’s Hemas Holdings said Friday it added local courier firm ACX International pte Ltd, to their growing portfolio of business. ACX, Sri Lanka’s pioneering courier operation commands around four percent of the island’s annual 1,000-metric tonne or million kilos courier market. “We roughly estimate the market is worth about two […]