Services of Sri Lanka Ports Authority gazetted as an essential public service

Secretary to the President P B Jayasundera, by order of the President, has issued an extraordinary gazette declaring the services done by or in connection with the Sri Lanka Ports Authority to be an essential public service. Accordingly, all services, work or labour of any description necessary or required to be done by or in […]

SL vehicle registrations show an increase in Dec 2020: Jan expected to be nil

Jan 21, 2021 (LBO) – Sri Lanka’s vehicle registrations for the month of December show an increase mainly due to a shifting of registrations from the month of November, a new report says. Data compiled by JB Securities equities research shows that total vehicle registrations recorded 4,407 units in the month of Dec up from 2,868 […]

Park & Ride bus service to ease traffic congestion launched

The first phase of the Park & Ride bus service was inaugurated at the Makumbura Multimodal Transport Center, Kottawa today (Jan. 15) in the presence of President Gotabaya Rajapaksa as a solution to the heavy traffic congestion surrounding Colombo city limits. The “Park & Ride” aims to minimize the number of automobiles travelling to and […]

Sri Lanka – Bangladesh agree to promote maritime cooperation

The newly appointed High Commissioner of the People’s Republic of Bangladesh to Sri Lanka Tareq Md. Ariful Islam representing presented his credentials to President Gotabaya Rajapaksa at the President’s House Monday. During the ensuing discussion, explaining the current economic situation in Sri Lanka and the steps taken by the Government to contain the COVID – […]

Sri Lanka’s boat manufacturing capabilities highlighted in Jordan

The Embassy of Sri Lanka in Jordan with the active facilitation of the Sri Lanka Export Development Board held a virtual Meeting on 6 January 2021, to showcase Sri Lanka’s highly specialized boat manufacturing capabilities to a Jordanian Boat importing company in Aqaba port city which currently sources and imports boats for the Jordan, Iraq […]

Korean based Heung A Line expands services to Sri Lanka

Heung A Line head quartered in South Korea launched its maiden service (SIS/CI6) in Sri Lanka with its first vessel call at the CICT of the Port of Colombo with mv. BALTIC SOUTH v. 2001W on the 22nd of December 2020. The service is jointly operated by Heung A Line in partnership with Sinokor Line, […]

Sri Lanka not among 15 countries that lifted non-essential travel to the EU

Jun 29, 2020 (LBO) – The Delegation of the European Union (EU) to Sri Lanka and the EU Member States Embassies in Colombo issuing a clarification on lifting the temporary restriction on non-essential travel to the EU and reports that Sri Lanka was not included in the list of selected countries. With the process of […]

SriLankan Airlines converts passenger aircraft to full freighter supporting exporters

Jun 25, 2020 (LBO) – SriLankan Airlines has converted a wide-body passenger aircraft into a dedicated cargo aircraft to support export industries and to keep the country connected with the global economy during the pandemic. This converted Airbus A330 aircraft will commence operations today to key destinations in the Far East and Europe. The reconfiguration […]

Challenges for Colombo Port City amidst uncertainty & volatility of current markets

Jun 22, 2020 (LBO) – PricewaterhouseCoopers (PwC) Sri Lanka recently hosted a webinar on Colombo Port City and its potential impact on the Sri Lankan economy. The event speakers included Thulci Aluvihare, Head of Strategy and Business Development – CHEC Port City Colombo (the “Project Company”), Aruna Perera, Director – Corporate Finance & Valuation Consulting […]

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