Colombo Port tops Alphaliner global container port rankings for first time
Sept 09, 2018 (LBO) – Colombo Port has been ranked as the fastest growing container port out of 30 major ports in the world for the first half of this year. …
Logistics
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Sri Lanka’s Expolanka Freight extends global footprint with new office in Malaysia
Aug 30, 2018 (LBO) - EFL (Expolanka Freight) a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas operations in the …
Sri Lanka maritime industry players come together to resolve industry issues
Aug 02, 2018 (LBO) – Sri Lanka Ports Authority (SLPA) and Sri Lanka Customs (SLC) together with other industry players have initiated a joint process to …
Sri Lanka’s Finance Minister raises taxes on small vehicles
Aug 01, 2018 (LBO) – Sri Lanka's Finance Minister has signed the gazette notification to amend the excise duties of vehicles below 1000cc category with …
Colombo Port transshipments up by 19.8-pct in 1H; targets 7mn TEUs for 2018
July 22, 2018 (LBO) – Establishing a record in transshipment operations, the Colombo Port has witnessed the highest growth of 19. online pharmacy buy …
Sri Lanka Trade Information Portal to be unveiled tomorrow
July 19, 2018 (LBO) – Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches the …
US Trade Court nullifies tax on Sri Lanka rubber tyre imports in historic judgement
July 17, 2018 (LBO) – Sri Lanka has won the first ever revocation of countervailing duty imposed in US for a Lankan export with the removal of duties on the …
Sri Lanka to obtain 100bn yen from MUFG Bank for Central Expressway phase 3
July 04, 2018 (LBO) – Cabinet has approved a proposal presented by Prime Minister to enter into an agreement with MUFG Bank in Japan to obtain 100 billion …
CM Port pays final tranche of USD584Mn for Hambantota Port
Jun 20, 2018 (LBO) - Sri Lanka's government has received the final tranche of investment value for Hambantota Port concession from China Merchant Port Holdings …
Distributors smuggle Rs10mn worth fuel on the day prices hiked
May 17, 2018 (LBO) – Ceylon Petroleum Storage Terminal (CPSTL) has incurred a loss of around 10 million rupees on the day fuel prices hiked. online pharmacy …
Facebook to empower youth & entrepreneurs in Sri Lanka
May 15, 2018 (LBO) – Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Facebook has …
China approves USD1bn for 1st phase of Central Expressway construction
May 15, 2018 (LBO) – Chinese Government has approved 1 billion US dollars for the phase I of the Central Expressway construction and instructions have also …
Sri Lanka Ports Authority posts 15.3-pct growth in 1Q 2018
May 07, 2018 (LBO) – Sri Lanka Ports Authority has recorded a total growth of 15.3 percent in terms of profits for the first quarter of 2018 with Colombo …
Sri Lanka plans to issue licenses for electricians from October
Mar 23, 2018 (LBO) – Sri Lanka's electricity sector regulator, Public Utilities Commission is planning to implement a mechanism to establish an accepted …
Sri Lanka’s cabinet approves signing FTA with Singapore
Jan 17, 2018 (LBO) – Sri Lanka's Cabinet has approved a proposal to sign the proposed Free Trade Agreement between Sri Lanka and Singapore. The proposed Free …
Telecom operators are biggest spammers in Sri Lanka: report
Dec 13, 2017 (LBO) – Caller ID and spam detection app, Truecaller recently announced some revealing stats on spam and scam calls in Sri Lanka. The recently …
Hayleys Advantis trains future Logisticians
Nov 13, 2017 (LBO) - Hayleys Advantis Limited with the aim of bridging the gap between academic qualifications and corporate requirements recently completed …
Railway development, viable alternative to costly Central Expressway
Nov 08, 2017 (LBO) – Sri Lanka’s transport sector experts questioned the need for an expensive four lane expressway with interchanges which will create its …
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …
Sri Lanka’s John Keells Holdings second quarter net edge down
Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …