Demand builds for islands first state run automotive service hub
Sep 16, 2019 (LBO) - Sri Lanka's first ever state run wheel alignment centre (WAC) for four wheel light vehicle class was launched in September has seen demand …
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Kia Motors revs up for growth with Rs.800Mn Malabe complex
Sep 02, 2019 (LBO) - Korean automaker KIA is to strengthen its presence in Sri Lanka with a distributor dealership model following the recent corporate …
Sri Lanka prepares to pioneer USD50Mn fully-fledged Ocean University
Aug 30, 2019 (LBO) – Sri Lanka’s state-run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to receive the …
Sri Lanka vehicle registrations rebound in July 2019
Aug 26, 2019 (LBO) - Sri Lanka's vehicle registrations saw a rebound across the board in July from the lows of June since, limping back to normalcy post Easter …
USD160mn ADB loan to modernize Sri Lanka’s railway sector
Aug 20, 2019 (LBO) – Sri Lanka's government has mobilized loan assistance amounting to 160 million dollars from the Asian Development Bank (ADB) to cater to …
Sri Lanka commence construction of USD2.2Bn LRT project
Aug 16, 2019 (LBO) - The Ministry of Megapolis and Western Development has commenced phase one of the construction work of the Malabe and Colombo Fort Light …
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 …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of …
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 …
ETL Colombo denies claims as the importer of waste cargo
Jul 25, 2019 (LBO) - ETL Colombo (Pvt) Ltd. outrightly denied any claims that they are the ultimate importer of the 130 containers of "Used Mattresses" …
Sri Lanka vehicle registrations down in June 2019
Jul 22, 2019 (LBO) - Sri Lanka's vehicle registrations across most categories have declined in June relative to May, a new report shows. Data compiled by JB …
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 …
China’s Sinopec sets up fuel oil unit in Sri Lanka
July 16, 2019 (LBO) – China Petroleum and Chemical Corp, Sinopec Corp has launched a fuel oil company in Sri Lanka as it looks to supply fuel to ships along …
Govt. nod for cable cars in hills
Jul 04, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved a cable car project in Nuwara Eliya, a statement said. The project will run from Nanuoya, in …
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) - The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city's transpotation …
Hyrax Oil lubricant blending plant declared open in Muthurajawela
Jun 24, 2019 (LBO) – Prime Minister Ranil Wickremesinghe declared open the Hyrax Oil lubricant blending plant in Muthurajawela today. The is the second of …
CICT voted best container terminal in Asia
Jun 21, 2019 (LBO) - The CMPort managed Colombo International Container Terminal (CICT), the only deep water terminal in the Port of Colombo, has been voted …
Sri Lanka vehicle registrations down in May 2019
Jun 19, 2019 (LBO) - Vehicle registrations across the board slowed except for 2 wheelers, mini and light trucks during the period May 2019, a new report shows …
Ceylon Chamber organizes awareness session on exporting to US under GSP
The Ceylon Chamber will be organizing an awareness session on “Exporting to the United States under the Generalized System of Preferences: New Trends and …
Additional lanes for entry & exit ramp of Ja-Ela interchange to ease congestion
Jun 05, 2019 (LBO) – Cabinet approval has been granted to award the contract for the construction of additional lanes at the entry and exit ramp of Ja-Ela …