Norwegian research vessel to assess Sri Lankan marine stocks in 2017
Aug 15, 2016 (LBO) – Norwegian funded research vessel is to visit Sri Lankan waters next year to carry out a marine stock assessment, Norwegian Prime …
Shipping and Transport
Sri Lanka’s Hemas Holdings profits surge 68-pct in June quarter
Aug 11, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare, has posted a equity holder profit of 696 million …
Sri Lanka’s Financial City to build client deposit base 10-pct of GDP
Aug 10, 2016 (LBO) – Sri Lanka’s proposed Financial City aims to attract a client deposit base worth 10 percent of the island’s GDP within a period of 5 …
Sri Lanka’s Port City developer withdraws compensation claims
Aug 02, 2016 (LBO) – Sri Lanka’s port city developer CHEC Port City Colombo, who is handling the project for the Chinese investor, China Communications …
No more debate on monorail vs. LRT, Japan confirms funding
Jul 29, 2016 (LBO) – Sri Lanka’s government confirmed that the Japanese government will fund the islands proposed Light Rail Transit (LRT), ending a …
Sri Lanka’s Cabinet approves USD318mn Indian credit line for railway
July 27, 2016 (LBO) – Sri Lanka’s Cabinet has approved the proposed 318 million US dollars Indian credit line for the development of the country’s …
Sri Lanka to improve vehicle registration system with E-Motoring
July 07, 2016 (LBO) – Sri Lanka’s cabinet has approved a proposal to improve the vehicle registration process at the Motor Traffic Department with the …
Motor car registrations down sharply from Sept peak: JB Securities
July 05, 2016 (LBO) – Motor car registrations in Sri Lanka recorded 3,657 units in May, slightly down from 3,664 units in April, but significantly lower …
Sri Lanka Ports Authority profit rises along with debt
July 04, 2016 (LBO) – Sri Lanka Ports Authority boosted profits by 43.7 percent to 4.6 billion rupees before tax, during the first four months of the …
Japan provides Rs2.4bn aid for Sri Lanka’s maritime safety
July 01, 2016 (LBO) – The Japanese government has granted 1,830 million Japanese Yen (Rs2.4bn) to Sri Lanka for the implementation of a maritime safety …
CICT launches country’s first mobile app to track movement of containers
A new level of convenience and sophistication has been introduced to keeping track of containerised cargo by Colombo International Container Terminals (CICT) …
Cabinet approves construction of LRT after JICA feasibility study
June 29, 2016 (LBO) – The cabinet nod has been given to obtain JICA assistance to conduct a feasibility study and immediately commence the construction of …
Sri Lanka may approve two blocks for exploration and drilling: PRDS
June 27, 2016 (LBO) – Sri Lanka could shortly approve petroleum exploration and drilling for two blocks in the Cauvery basin, as bidders in the 2013 …
In Pictures: Swim Week 2017 highlights new designs and Colombo port
Day 1 of Swim Week Colombo kicked off on Friday showcasing designs by Sri Lankan and international designers at the ECT Terminal of the Colombo Port. The …
Sri Lanka’s Finance Ministry calls proposals to amend customs ordinance
June 24, 2016 (LBO) – The Finance Ministry will amend the 150-year old Sri Lanka customs ordinance with a view to absorb modern industrial trends in the …
Sri Lanka Shippers Council commends ICC Transport Guideline
Jun 22, 2016 (LBO) – Sri Lanka Shippers Council, an affiliated body of the Ceylon Chamber of Commerce, welcomes the International Chamber of Commerce …
Interview: PickMe has 4,000 vehicles on road, expands to Kandy
Jun 20, 2016 (LBO) – ‘PickMe,’ Sri Lanka’s own mobile taxi hailing solutions provider, says they have close to 4,000 vehicles on the road, with …
EU lifts fishing ban, unofficial talks to finalize GSP+ application: PM
June 17, 2016 (LBO) – Sri Lanka has been removed from the list of third countries (countries outside the EU) not cooperating in the fight against illegal, …
Sri Lanka seeks new agreement for Colombo Port City
June 10, 2016 (LBO) – Sri Lanka’s Prime Minister has appointed a committee to look into the possibility of formulating a new agreement for the Colombo Port …
Sri Lanka Ports Authority calls EOIs to develop East Container Terminal
June 09, 2016 (LBO) – The Sri Lanka Ports Authority has invited expressions of interest to develop the East Container Terminal of the Colombo Port on a …