Access Engineering buys warehouse -logistics firm for Rs.925Mn
Oct 03, 2019 (LBO) - Access Engineering PLC has bought 100 percent stake of WUS Logistics Ltd. The shares were bought at for 925 million rupees, the company …
Logistics
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Sri Lanka GDP growth 1.6-pct in Q2
Sep 19, 2019 (LBO) - Sri Lanka's Gross Domestic Product (GDP) growth rate for the second quarter of 2019 has been estimated as 1.6 percent, a new report said. …
Hayleys records Rs.52.6Bn turnover in first quarter 2019/20
Aug 09, 2019 (LBO) - Hayleys PLC, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the …
BOI issues directive to all Hub Operators banning importation of post-consumer materials
July 26, 2019 (LBO) – Sri Lanka's Board of Investment has issued a directive to all Hub Operators prohibiting with immediate effect, importation of …
SenzMate, the Internet of Things tech company born in Jaffna
By Jekhan Aruliah I visited SenzMate a few months ago, and am only now getting around to writing about them. The reason for my hesitation has been although …
CICT invests USD 1.5 mn to open Sri Lanka’s only Dangerous Goods Storage Facility
May 14, 2019 (LBO) – Sri Lanka’s first, and South Asia’s most advanced, Dangerous Goods Storage Facility (DGSF) was commissioned on Friday, 10th May at …
EFL 3PL looks towards Bots and RPA to stay ahead of logistics game
May 06, 2019 (LBO) - Expolanka Freight (Pvt) Ltd. (EFL), a logistics service provider announced that it has implemented its first wave of transformative …
Sri Lanka’s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka's private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port …
EU-Sri Lanka investor dialogue discusses liberalization of shipping sector
Mar 18, 2019 (LBO) - The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade and many outstanding …
Ceylon Chamber of Commerce calls export SMEs to apply for on-the-job coaching
Feb 26, 2019 (LBO) – Ceylon Chamber of Commerce (CCC) requests export SMEs that has a high potential for growth to apply for an on-the-job coaching programme …
US Coast Guard trains Sri Lankan Port officials to improve port security
Feb 15, 2019 (LBO) – The US Coast Guard (USCG) recently conducted a training program on security capacity building at the Port of Colombo with more than …
Commercial Bank enables online payment of Ports Authority charges
Feb 06, 2019 (LBO) – Commercial Bank of Ceylon has added the Sri Lanka Ports Authority to its online banking platform, enabling customers to pay their Ports …
Sri Lankan ports need shift from regional transshipment to global maritime hubs
Jan 31, 2019 (LBO) – Sri Lanka Ports Authority said the final draft of the National Policy for Maritime and Logistics Sectors has been presented to the Ports …
5G & competition, key issues for Asia-Pacific Telco investors: Fitch Ratings
Jan 25, 2019 (LBO) – Credit investors in the Asia-Pacific telecommunications sector have key questions on telcos' growth prospects amidst rising …
BOI signs agreement for USD1.8mn warehousing & logistic project in Malwana
Jan 08, 2019 (LBO) – Sri Lanka's Board of Investment has signed an agreement with Skylift Container Depot and Logistics to set up a facility that would be …
Colombo Port handles record breaking 7-millionth container for 2018
Dec 31, 2018 (LBO) – Colombo Port on Monday handled its seven millionth container (TEU) at the Jaya Container Terminal of Sri Lanka Ports Authority with …
CICT ends 2018 with 2.65mn TEUs, 38-pct of Colombo Port’s volume
Dec 31, 2018 (LBO) – Colombo International Container Terminals (CICT) has reported handling 2.65 million teus for the 12 months ending 31st December 2018, …
Laugfs Gas to infuse Rs1.1bn for expansion of its LPG Transshipment Terminal
Dec 27, 2018 (LBO) – Laugfs Gas will infuse 1,150 million rupees for the expansion of its LPG Transshipment Terminal facility located at Hambantota …
Hayleys Advantis unveils Sri Lanka’s largest distribution hub
Dec 19, 2018 (LBO) – Hayleys Advantis ceremonially unveiled Sri Lanka’s largest distribution hub – Advantis 3PL Plus Logistics City – in Kotugoda, …
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) - The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a …