Category: Shipping and Transport
Land for Sri Lanka Volkswagen assembly plant secured: BOI
Apr 11, 2016 (LBO) – Sri Lanka’s Board of Investment has helped to secure land for the setting up of a Volkswagen assembly plant, the investment promotion agency said. “Through the successful facilitation by Upul Jayasuriya, chairman of the Board of Investment of Sri Lanka and his officials, working closely with the Ministry of Lands, […]
Decisions under Sri Lanka’s Megapolis are ad-hoc: Prof Kumarage
Apr 08, 2016 (LBO) – Decisions and actions under Sri Lanka’s Megapolis have been ad-hoc and have not received sufficient debate and evaluation, a transport sector expert charged. Professor Amal Kumarage, a senior professor at Moratuwa University, speaking at a Verité Research seminar said the Megapolis initiative is based on unsustainable high-cost and long-term solutions. […]
Colombo’s CICT port extends services for new shipping lines
Apr 04, 2016 (LBO) – Sri Lanka’s International Container Terminals (CICT) has expanded its services for new shipping lines, the Ports Authority said. As the first step, the terminal has allowed Taiwan-based Interasia lines to start cargo operations in the port of Colombo. The Ports Authority said ‘Interasia lines’ expects to use Colombo Port as […]
Indonesia grants visa-free facility to Sri Lanka, other countries
Apr 04, 2016 (LBO) – Indonesia has granted visa-free facility to 169 countries including Sri Lanka under a new visa regulation. Indonesian President Joko Widodo has signed Presidential Regulation concerning Visit Visa Exemption early last month adding 79 countries to the list. Indonesian immigration office said passport holders of these countries are exempt for having […]
11 super luxury vessels called at Colombo Port last month
Apr 04, 2016 (LBO) – The number of passenger vessels calling at the Port of Colombo has increased with 11 super luxury passenger vessels calling at the passenger and other terminals during March 2016, the Ports Authority said. Among them were MV Cosalam Inosa, MV Costa Neoriviera, MV Island Sky, MV Rotterdam, MV Pacific Princess, […]
Lackadaisical trend in Sri Lanka vehicle registrations in Feb: JB Sec.
Mar 25, 2016 (LBO) – The lackadaisical trend from January has continued into February with the 70 percent LTV rule, significant increases in tariffs, continuing weakness in the rupee, surprising strength in the Yen and rising interest rates have retarded volumes, JB Securities said in a research note. Vehicle registrations February 2016 Motor car registrations […]
Sri Lanka gets direct cargo link between Colombo and Yangon
Mar 24, 2016 (LBO) – Sri Lanka’s Continental Shipping Lines’ “Pathien Star” made it’s inaugural call at the Jaya Container Terminal in Colombo yesterday. The vessel is scheduled to leave for Port Yangon of Myanmar soon. “This is the first time that a direct cargo link has been established between Colombo and Yangon opening a new […]
Sri Lanka Exporters hail Commonwealth over assistance for proposed EXIM Bank
Mar 24, 2016 (LBO) – Sri Lanka’s Exporters Association (EASL) has welcomes the recent announcement that the Commonwealth Secretariat has offered technical assistance to set up the proposed EXIM Bank, a statement said. “The EASL believes that the support, advice and intervention that becomes possible by a Bank dedicated to Exports, will be the fillip […]
Sri Lanka gives official go ahead for China Port City; CHEC welcomes approval
Mar 15, 2016 (LBO) – Sri Lanka’s government officially informed the Chinese investors of resuming the construction of the Port City project in capital Colombo, yesterday one year after its suspension, a foreign news agency reported. According to China’s state media, Xinhua Sri Lanka’s Ministry of Ports and Shipping, in an official letter to the CHEC Port […]
Nelson Liu appointed Chairman of CICT, Ray Ren becomes CEO
The Board of Directors of Colombo International Container Terminals Ltd. (CICT) has announced that the company’s first Chief Executive Officer Mr Nelson Liu has been appointed Chairman effective 8th March 2016, and that the CEO position has been filled by Chief Operations Officer Mr Ray Ren. The announcement said CICT will be spearheaded by Mr […]
Sri Lanka to implement pre paid card system for public transportation
Mar 11, 2016 (LBO) – The cabinet approval has been obtained to implement an electronic charging system through prepaid cards.The project will be implemented with the cooperation of ICTA, Transport Board, National Transport Commission, private bus owners, public banks and IT companies. The main positive feature of electronic charging system is its ability to charge […]
Sri Lanka extends Colombo Port City Project agreement by 6 months
Mar 10, 2016 (LBO) – The cabinet has approved the extension of the agreement on Colombo Port City development project agreement for a further period of six months from 15 March 2016. The Cabinet Committee on Economic Management has recommended allowing resumption of the project subject to limitations and conditions stipulated in the EIA report. […]