Category: Shipping and Transport

Feb13 (LBO) – Luxury car importers DIMO Lanka says a hefty 214 percent tax on high engine capacity vehicle imports has not slowed down sales significantly.Since October 2004 the government has repeatedly increased import duties on motor vehicles, now totalling to 214 percent on a new car with an engine capacity above 1800 CC. Duties […]

Feb 07 (LBO) – Sri Lanka Ports Authority (SLPA) chief warned Tuesday that the island would suffer irreversible costs if the south port project does not take off before next year. SLPA Chairman Dileepa Wijesundara told LBO that construction work on Colombo’s South Harbour project would not be delayed, with funding options expected to be […]

Feb. 06 (LBO)-Sri Lanka’s only commercial ship building and repair firm Colombo Dockyards Limited (CDL) plans to invest over Rs.660 million to upgrade infrastructure in order to lure new business and face up to competition from India. The investment spread over 2005 and 2006 is expected to improve CDL’s profitability, especially from its shipbuilding operation, […]

The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February.The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February. A visiting […]

Jan 25 (LBO) – Sri Lankan based IFS South Asia, offering supply chain solutions, clinched a million dollar deal with Pakistan’s automobile giant Millat Tractors on Wednesday.Jan 25 (LBO) – Sri Lankan based IFS South Asia, offering supply chain solutions, clinched a million dollar deal with Pakistan’s automobile giant Millat Tractors on Wednesday. This is […]

Jan. 19 (LBO) – SriLankan Airlines has pushed back plans to launch its floatplane ferry service to the North, following increased violence in Jaffna and falling passenger numbers.Jan. 19 (LBO) – SriLankan Airlines has pushed back plans to launch its floatplane ferry service to the North, following increased violence in Jaffna and falling passenger numbers. […]

Jan. 19 (LBO) – Sri Lanka’s ageing rail-network could soon get a new extension, with policymakers this week agreeing to set up a unit to study the feasibility of the projects.Jan. 19 (LBO) – Sri Lanka’s ageing rail-network could soon get a new extension, with policymakers this week agreeing to set up a unit to […]

Jan. 16 (LBO) – Sri Lanka Monday picked up its largest ever cheque from the World Bank for US$ 160 million to develop education and roads, officials said.Jan. 16 (LBO) – Sri Lanka Monday picked up its largest ever cheque from the World Bank for US$ 160 million to develop education and roads, officials said. […]

By the second quarter this year, SriLankan Airlines says it will roll out E-ticketing through its network of travel agents, expanding current sales of its pilot project.By the second quarter this year, SriLankan Airlines says it will roll out E-ticketing through its network of travel agents, expanding current sales of its pilot project. SriLankan Airlines […]

US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group.US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group. Fedex, currently commands the second slot in Sri […]

US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group.US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group. Fedex, currently commands the second slot in Sri […]

Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. A 75 month […]