Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday
By P.K. Balachandran A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a …
Shipping and Transport
Sri Lanka motor car registrations dip in June, electric cars out of favor: JB
July 25, 2017 (LBO) - Sri Lanka motor car registrations dipped slightly in June to 2,800 units from 2,812 registered in May, JB Securities said in a research …
Sri Lanka Ports Authority to modernize Jaya Container Terminal
July 19, 2017 (LBO) – Cabinet nod has been received to modernize the Jaya Container Terminal (JCT) of the Sri Lanka Ports Authority in order to improve the …
Sri Lanka’s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) - Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South …
Sri Lanka calls EOIs for ferry system in Colombo
June 19, 2017 (LBO) - Sri Lanka's Megapolis Ministry said it has called for expressions of interest to establish a ferry system in Colombo canals through a …
Super luxury Majestic Princess calls at Colombo port
Press Release: M.V. Majestic Princess the newest sister ship to Royal Princess and Regal Princess made her maiden call at the Port of Colombo today (12th June …
Expolanka’s EFL adds more international expertise
Jun 13, 2017 (LBO) - Leading logistics provider EFL announced the appointment of three new independent directors to its international board as part of its …
Sri Lanka to develop railway with USD 318mn credit line from India
June 06, 2017 (LBO) - Sri Lanka's Finance Ministry has signed an agreement with the Indian government to receive a US 318 million dollar line of credit …
Sri Lanka Railways to collect land lease arrears of Rs1.4bn
June 05, 2017 (LBO) – Sri Lanka’s state-owned Railways Department said 1.46 billion rupees is yet to be collected as lease arrears for land owned by the …
New Chairman assumes duties at SLPA
(PRESS RELEASE) - Dr.ParakramaDissanayake assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) on the 01st of June 2017. The appointment was …
Sri Lanka to start pilot project for public sector with flexible hours
May 18, 2017 (LBO) – Sri Lanka’s government plans to launch a pilot project introducing flexible working hours for the public sector currently serving in …
South Asian ports must improve interrelated efficiency: World Bank
May 16, 2017 (LBO) – South Asia could grab a bigger share of international trade, but inefficiencies in its ports threaten to hinder progress and stop it …
Sri Lanka to extend Priority Bus Lanes to reduce congestion
Apr 27, 2017 (LBO) – Sri Lanka’s Megapolis Ministry has decided to expand the Priority Bus Lane concept to reduce traffic congestion in Colombo. Allocation …
CICT attracts first new service to Colombo from Ocean Alliance
(PRESS RELEASE) - Colombo International Container Terminals (CICT) recently welcomed the maiden call of CMA CGM Nabucco, the first vessel under the Ocean …
Four-lane roadway with tunnel for Kandy to reduce congestion
Apr 05, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to construct a four-lane roadway to reduce traffic congestion in Kandy town. The road …
Sri Lanka to receive Yen grant for Trinco port development
Mar 30, 2017 (LBO) – Sri Lanka’s Prime Minster is to sign exchange of notes for a grant assistance of one billion yen (1.3 billion rupees) from Japan for …
China may divest 20-pct of Hambantota port JV within 10 yrs
Mar 22, 2017 (LBO) – China Merchant Port Holdings may divest 20 percent of the initial shareholding of the proposed Hambantota port joint venture within 10 …
Lubricant players concerned over duty hike on synthetic lubricants
Mar 22, 2017 (LBO) – Sri Lanka’s lubricant suppliers are starting to pass the tax imposed on synthetic lubricants to end users, the Ceylon Motor Traders …
Sri Lanka to test Bus Priority System in Rajagiriya: Min
Mar 10, 2017 (LBO) - Sri Lanka Megapolis Ministry will test launch a new bus priority system from Rajagiriya to promote better use of public transport in an …