Reverse Gear
Sri Lankas 13 bus companies may continue under state control for longer, as attempts to bring in private management steers off course. Industry watchers say …
Shipping and Transport
Revving Up
A newly set up Indo-Sri Lanka joint venture, plans to lure ladies to hop on and popularise motorbikes in Sri Lanka.United Motors Lanka Ltd (UML) on Tuesday …
Road Barons
UML will pump around Rs.100 mn into the joint venture, with plans to expand the motorbike marketing venture into local assembly under a second stage, United …
Great Expectations
Dubai based Emirates Airlines on Thursday unveiled massive new expansion plans to add new aircrafts and extra routes.This year it will add a record 11 new …
Flat Tyre
Selling the remaining seven bus company faced another breakdown, the deadline for applications pushed back once again.Meanwhile, the Public Enterprises Reform …
Runaway Runway
The government is reconsidering its plans to build a second runway at the Katunayake international airport.The proposal ran into trouble due to heavy protests …
Holiday Travel
Three firms including Singapore based SBS Transit has shown interest to buy up a stake in the remaining seven state bus companies. The deadline to submit …
Air Lock
Talks that started last year with US based Lockheed Martin for Air Traffic management, could bear fruit with an MOU to be signed shortly with the Board of …
Crisscrossing Lanka
A network of highways is on the cards connecting Jaffna, Anuradhapura and Matara and with the commercial capital Colombo.The contract signing for the first of …
Cruising South
The first phase of the Colombo-Matara Highway kicked off today with the contract handed over to Japanese based construction company, Kumagai-Gumi.The first …
Next Halt
The last day to submit expressions of interest for the 39 percent stake in the remaining seven bus companies have been put off till January 10, 2003. The …
Kandy Link
Bids to construct the Colombo Kandy expressway closed Monday, with thirteen parties expressing interest for the project.Early December, the Board of Investment …
Staying Afloat
The Colombo South Harbour project will set sail in January 2003 when consultants to draw detailed engineering plans are appointed. Sri Lanka Ports Authority …
Next Halt
The government is offering state guarantees to raise funds for working capital and investments, subject to preset conditions as an added incentive to bidders …
Close Watch
Colombo Dockyard appointed safety supervisors to improve working conditions in its docks. The company, which is seeking new opportunities in boat building and …
Setting Sail
Colombo Dockyards heeding to the call of peace is setting sail in search of new business, looking at more challenging assignments. The company is already in …
Double Growth
The results, for the six months to Sept. 30 2002, again shows Emirates bucking current trends affecting the airline industry, with an operating revenue of Dhs …
Czechs are here
The first European airline to come into the country since the peace process, started operations this week. The Czech Republic national carrier, Czech Airlines …
Six In One Blow
Six cluster bus companies made it thorough the stock exchange as scheduled on Thursday, all picked up by the British led consortium of IBIS Transport …
Fly Over
Czech Airlines made their formal entry into Sri Lanka today - the new air bridge linking Colombo and Prague via Dubai with a window into Europe and the Far …