Category: Shipping and Transport

An August 01 railway fare hike will cut the commuter service’s losses by an estimated Rs.500 mn, but increasing recurrent costs could keep losses high. An August 01 railway fare hike will cut the commuter service’s losses by an estimated Rs. 500 mn, but increasing recurrent costs could keep losses high. Railway’s General Manager Priyal […]

Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries.Singapore and Sri Lanka will sign an Open Skies deal on Thursday, opening up unlimited numbers of air routes to spur traffic between the countries. An open skies agreement removes all […]

Soaring fuel prices are squeezing international trade, with global cargo growth – a leading economic indicator of business – slowing over previous years.Soaring fuel prices are squeezing international trade, with global cargo growth – a leading economic indicator of business – slowing over previous years. Traffic results for the first half of this year show […]

SriLankan Airlines will piggyback on codeshare agreements with Emirates to expand its network to Sydney and Cyprus, even as soaring fuel prices puts the breaks on growth.SriLankan Airlines will piggyback on codeshare agreements with Emirates to expand its network to Sydney and Cyprus, even as soaring fuel prices puts the breaks on growth. It will […]

Honda Motor’s Sri Lankan agent is investing Rs.100 mn to increase its services capacity, but says taxes and duties could put the breaks on sales growth.Honda Motor’s Sri Lankan agent is investing Rs. 100 mn to increase its services capacity, but says taxes and duties could put the breaks on sales growth. Stafford Motors on […]

Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai.Emirates Airlines has opened a visa processing centre at its Colombo city office, for the convenience of Sri Lankans travelling or transiting through Dubai. Sri Lankans travelling on Emirates Airlines from Colombo […]

Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage.Maritime Holdings Limited (MHL), adopts a new corporate identity this week, in an initiative to encapsulate and project its unique and multi-sectoral capabilities, growth potential and corporate lineage. […]

The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court.The District Court on Friday vacated an interim injunction against the ICTA, but the agency is still bounded by an injunction by the Appeals Court. The Appeal Court at a June […]

SriLankan Catering, a subsidiary of SriLankan Airlines on Thursday inked a deal to borrow US$ 22.5 million from a consortium of local banks to build a new flight kitchen, officials said.SriLankan Catering, a subsidiary of SriLankan Airlines on Thursday inked a deal to borrow US$ 22.5 million from a consortium of local banks to build […]

SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire.SriLankan Airlines will jack up ticket prices by US$ 20 to key destinations from July 15, as soaring fuel prices threaten to set its balance sheet on fire. […]

The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints.The Asian Development Bank (ADB) has said it will review the Southern highway project by end this year, to tackle environmental and re-settlement complaints. In a statement issued on Wednesday, the Manila […]

Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two nations, but hoped to settle the issue amicably.Sri Lanka warned Thursday it may resort to legal action against neighbouring India over its plan to dredge the shallow sea dividing the two […]