Category: Shipping and Transport
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 […]
East Container Terminal will not be sold or leased – President tells Trade Union representatives
President Gotabaya Rajapaksa assured representatives of Port Trade Unions that the East Container Terminal of the Colombo Port will not be sold or leased. The previous administration had agreed to sell the East Terminal to India. The agreement envisaged obtaining a loan from Japan after sale and purchasing construction equipment with the loan money. President […]
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, […]
Executive Premium, SL’s top-notch business travel partner celebrates successful first year
Executive Premium, the premier travel partner of all business travelers to and within Sri Lanka is turning One year. A strategic investment by serial investor Alex Lovell MBE, Executive Premium has earned a strong reputation as an exclusive service provider within a short span of time.A strong player in business class and city entertainment traveling, […]
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 […]
President reviews issues in private bus sector
Jun 09, 2020 (LBO) – President Gotabaya Rajapaksa pointed out the importance of developing the service provided of private bus owners in a systematic manner while ensuring a standard service to the public. President directed relevant officials to prepare a joint time table after carefully studying the long-standing issue relating to the same in consultation […]
John Keells Holdings net profit down by 34-pct
May 21, 2020 (LBO) – The profit after tax attributable to equity holders of the parent for the financial year ended 31 March 2020 has been decreased by 34 percent to Rs.9.41 billion, annual report of the diversified conglomerate John Keells Holdings showed. Profit, however, has been adjusted for two one-off impacts thus recurring adjustments […]
Developing Galle harbor into a Global Crew Exchange Hub explored
May 18, 2020 (LBO) – Sri Lanka is exploring the possibility of developing the Galle harbor into a Global Crew Exchange Hub by creating an environment for sailors to return to their respective countries via the Island. This was discussed during a meeting with the representatives of leading local shipping companies at the Presidential Secretariat, […]