LRT project to kick start in 2019 : Cabinet nod for Japanese aid of USD1850Mn
Jan 04, 2019 (LBO) - Sri Lanka's Finance Ministry says that cabinet approval has been received to go ahead with US 1850 million dollar loan agreement with …
Shipping and Transport
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 …
Sri Lanka vehicle registration down in Nov 2018
Dec 26, 2018 (LBO) - Vehicle registration momentum across most categories came down in the month of November relative to October 2018, a new report said. Data …
High profile US delegation visits Sri Lanka’s Port of Colombo
Dec 17, 2018 (LBO) – A high profile delegation of the United States headed by Deputy Assistant Secretary at the United States Bureau of South and Central …
Hayleys Energy commences first oil and gas drillship lay-up at Hambantota, Sri Lanka
Dec 17, 2018 (LBO) - Sri Lanka's Hayleys Energy Services announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the …
CICT to enhance Colombo Port’s deep water capacity by March 2019
Dec 13, 2018 (LBO) - Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep …
Cruise ships calling Port of Colombo up 29-pct in 2018
Dec 04, 2018 (LBO) – A remarkable growth of cruise ships calling at the Port of Colombo has been reported in this year, Sri Lanka Ports Authority said. …
Luxury vessel Mein Schif 3 calls Colombo Port with 2,430 passengers
Nov 27, 2018 (LBO) – Super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the …
Sri Lanka port volumes up
Nov 13, 2018 (LBO) - State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in …
Sri Lanka reiterates that Colombo East Terminal will not be given to any country
Oct 25, 2018 (LBO) – East terminal of Sri Lanka’s busiest Colombo port will not be given to any other country as it is being developed by the Sri Lanka …
Mangala reveals fuel pricing formula
Oct 18, 2018 (LBO) - Sri Lanka's Finance Minister Mangala Smaraweera reveled to media the recently introduced fuel price formula calculation method following …
Sri Lanka vehicle registrations down in Sept 2018
Oct 17, 2018 (LBO) - Sri Lanka's motor car registrations dropped to 4,990 units in September 2018 from 7,003 in the previous month following hike in taxes …
ICJ orders US to ease Iran sanctions; India to continue purchasing crude oil from Iran
Oct 07, 2018 (LBO) – India will buy a total of 9 million barrels of oil from Iran in November, foreign media reported yesterday, citing an industry source, …
Fuel price formula will be useless if we reveal it: CBSL Senior Deputy Governor
Oct 05, 2018 (LBO) – Senior Deputy Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe says that the fuel price formula will be useless if everyone …
Ceylon Motor Traders Association pushing for registration of vehicle importers
Oct 04, 2018 (LBO) – Ceylon Motor Traders Association (CMTA) suggests that the Government implements a scheme to register vehicle importers as it could be a …
ADB provides USD300Mn for elevated highway
Sept 28, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 300 million dollar loan to help in the construction of about 5.3 kilometers (km) …
Margin deposit requirement against LCs opened with commercial banks for vehicles
Sept 20, 2018 (LBO) - The Monetary Board of the Central Bank of Sri Lanka imposed a 100 per cent margin deposit requirement against Letters of Credit opened …
Super luxury MV Viking Orion calls at Sri Lanka’s Colombo port
Sept 17, 2018 (LBO) - The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern …