Category: Shipping and Transport
Uber launches two new safety features in Sri Lanka
Dec 17, 2019 (LBO) – Uber, the world’s largest mobility platform, announced two new safety features, Two-way Phone Anonymisation and Driving Hour Limits, as a part of their ‘Safety Never Stops’ campaign in Colombo. Two-way Phone Anonymisation, a new technology, will improve the way riders and driver partners connect and communicate with each other. With […]
Sri Lanka to review process adopted to revise original scope of Colombo Financial City
Dec 12, 2019 (LBO) – Sri Lanka’s cabinet nod has been received to appoint an expert committee to look into the process adopted by the previous government to revise the original scope of the Colombo Financial City. With the help of external consultants and the Legal Draftsman, a Bill has already been drafted to establish […]
Hambantota International Port reaches 1 million MT benchmark for 2019
Dec 05, 2019 (LBO) – The Hambantota International Port (HIP) has reached its 1 million MT benchmark for 2019 with volumes coming from RORO, Bulk and Liquid cargo sectors. The Hambantota International Port Group (Pvt) Ltd said in a statement that they had a busy week with 6 RORO ships calling at the port. These […]
Authorized dealer was not the importer of mis-declared Audi A5 cars: CMTA
Dec 02, 2019 (LBO) – The Ceylon Motor Traders Association (CMTA) says that the sole authorized dealer for Audi in Sri Lanka was not the importer of the 13 units of mis-declared Audi A5 cars. Issuing a clarification into the previous statement released by the association on this matter, the CMTA said the importation was […]
CMTA appeals Customs to take action for Rs160mn duty loss on 13 Audi vehicles
Nov 18, 2019 (LBO) – The Ceylon Motor Traders Association (CMTA) appeals to the Sri Lanka Customs and the Ministry of Finance, to take the stronger action possible on the importer of 13 units of Audi A5 motor vehicles, and also on the customs officers who released the vehicles by wrongfully declaring the engine capacities. […]
Hayleys Group delivers improved performance in 2Q 2019/20
Nov 14, 2019 (LBO) – Sri Lanka’s diversified conglomerate, the Hayleys Group, posted improvements in turnover, operating performance and overall profitability during the 2nd quarter of 2019/20 supported by the strong performance of its export businesses. Meanwhile, the Group also recorded an improvement in turnover and operating profit for the 1H of 2019/20, although overall […]
Expolanka reports revenue of Rs 28.7Bn : 15-pct growth YoY
Nov 08, 2019 (LBO) – Expolanka PLC announced that it was on a sustainable growth path despite a global environment that continues to be challenging for business. The company once more credited its performance to a focus on its core logistics business, generating revenue of Rs 28.7 Bn (a 15% growth YoY) and a Gross […]
JKH Sept quarter net profit down 55-pct amid Easter Sunday impacts
Nov 01, 2019 (LBO) – Sri Lanka’s diversified John Keells Holdings said its profits for the second quarter were mainly impacted by the Easter Sunday impacts on the leisure businesses and the decline in finance income. The profit attributable to equity holders in the second quarter at Rs.2.29 billion is a decrease of 55 percent […]
Sri Lanka to operate luxury train coaches to Badulla, North, East & South routes
Oct 31, 2019 (LBO) – Sri Lanka is to operate luxury train coaches to Badulla, Northern, Eastern, and Southern routes considering the demand for such luxury services for tourism. Accordingly, the Cabinet of Ministers has approved a proposal to call competitive bids for the selection of contractors for this operation for five years. Cabinet approval […]
Luxury tax has no effect on small motor vehicles: Finance Ministry
Oct 29, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the luxury tax imposed on motor vehicles will not be relevant to small motor vehicles. Accordingly, prices of Toyota Vitz, Suzuki Every, Toyota Roomy, Suzuki Alto, Suzuki Baleno, Daihatsu Petrol, Honda Grace, Suzuki Wegon R, Toyota Aqua will not be affected by this luxury […]
Hambantota International Port partners with NYK Japan
Oct 17, 2019 (LBO) – The Hambantota International Port Group (HIPG) has entered into a Terminal Service Agreement (TSA) with Japanese Shipping Conglomerate NYK, the first RoRo specific TSA entered into by the shipping line with a Sri Lankan Port. Nippon Yusen Kaisha (NYK), whose 130-year history runs parallel to that of its maritime nation, […]
DHL Global Forwarding Sri Lanka consolidates operations at DHL Logistics Park
Oct 17, 2019 (LBO) – DHL Global Forwarding Sri Lanka has moved to consolidate its operations and facilities in Colombo into a 225,000-square-foot logistics compound. Dubbed the “DHL Logistics Hub”, the compound comprises seven warehouses and the logistics company’s local head office and is strategically located in Negombo Road, Colombo just six kilometers from the […]