Category: Shipping and Transport
Sri Lanka vehicle registrations marginally up in Jan 2021
Total Vehicle registrations recorded 3,558 units in Feb marginally up from 3,256 units in Jan but significantly down from 31,402 units 12 months ago, a new report shows. “The main contributor for the increase was a higher number of hand tractors, a category that is not under an import ban and an uptick from locally […]
Hambantota International Port ready to launch fertilizer transshipment business
Russian billionaire Andrey Igorevich Melnichenko, who met PM Mahinda Rajapaksa, visited the Hambantota International Port (HIP) during his visit to Sri Lanka last week. During discussions with the port’s top officials, he had shown keen interest in the potential to develop regional distribution of fertilizer via the Hambantota International Port. “This is well in line […]
Cabinet nod to submit Colombo Port City Economic Commission Bill to Parliament
The Cabinet of Ministers has approved a proposal made by President to take the necessary steps to publish the Colombo Port City Economic Commission Bill on the government gazette and submit the bill to the parliament. The approval to establish a special economic zone known as the Port City was given at the cabinet meeting […]
Concessionary leasing scheme for passenger transport sector
Considering the difficulties and constraints faced by businesses and individuals engaged in passenger transportation services, the Central Bank has requested financial institutions to provide concessions for lease facilities obtained by such businesses and individuals for six months or a shorter period, as applicable, commencing from 1 April 2021. The eligible borrowers are businesses and individuals […]
Sri Lanka engaged directly with investors on WCT: Indian External Affairs Ministry Spokesperson
Related: Cabinet approval to develop Colombo Port WCT as a PPP with Adani, JKH & SLPA
Sterlingcars.lk – Sri Lanka’s newest online marketplace to buy and sell automobiles
SterlingCars.lk was launched by Sterling Automobiles Lanka Pvt Ltd – one of Sri Lanka’s prominent automobile service providers. SterlingCars.lk is a web platform which aims to provide a marketplace for buying and selling automobiles. The website offers a comprehensive range of vehicles, covering a plethora of makes and models. The design of SterlingCars.lk aims to […]
Cabinet approval to develop Colombo Port WCT as a PPP with Adani, JKH & SLPA
Cabinet of Ministers has approved a proposal presented by the Port Minister to develop the West Container Terminal (WCT) of the Colombo Port on a Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited (APSEZ Consortium) and its local representative John […]
Sri Lanka vehicle registration down in Jan 2021
Total vehicle registrations recorded 3,256 units in January, down from 4,478 units the previous month and 34,475 units 12 months ago, a new report shows. JB Securities equities research said their database had to be updated for a category called Locally assembled vehicles that were previously NOT in the RMV data feed. In the brand-new […]
Policy backsliding derails Sri Lanka’s aspirations to become maritime hub
Policy experts discuss Sri Lanka’s policy towards building future port infrastructure. “Sri Lanka losing out to regional competitors because of policy inconsistency,” says Rohan Masakorala at the panel discussion hosted by the Advocata Institute on the topic වරාය සංවර්ධනයේ ඉදිරි දැක්ම:විකිණීමක් ද, ආයෝජනයක් ද? and the surrounding policy issues on the 12th of February at the BMICH, […]
CMTA warns, beware of surging frauds in used-vehicle market
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s automotive association has raised concerns over the heavily persistent fraudulent acts associated with Sri Lanka’s used-vehicle market. The association states that the vehicle customers fall prey to a number of frauds including odometer frauds, vehicles restored with counterfeit spare parts and vehicles with forged documents. Due to […]
South Asia’s first-ever all-female gantry crane operator team at SLPA receives Excellence Award
Ten courageous female employees at Sri Lanka Ports Authority have been felicitated with an award to recognize their heroic performances in becoming South Asia’s first-ever all-female gantry crane operator team. The awards honour women in the region who have overcome exceptional challenges to excel in their sector.The women received the 2020 Change Makers for Women […]
Cabinet approves developing West Terminal as public-private partnership with India, Japan
The Cabinet of Ministers has approved a proposal to develop the West Container Terminal of the Port of Colombo on the basis of operating and developing as a public-private partnership and return it within 35 years together with the government of India and the government of Japan nominated parties and the Sri Lanka Ports Authority. […]