Sri Lanka Hambantota Port JV to be operational from November
Sep 25, 2017 (LBO) – Sri Lanka is expecting to commence operations of the Hambantota Port joint venture from November, Chairman of Ports Authority Parakrama …
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Sri Lanka seeks to limit importation of busses, three-wheelers
Sep 19, 2017 (LBO) – Transport Ministry is currently looking at options to limit the importation of high floor busses and three-wheelers to Sri Lanka. buy …
Advantis projects leverages expertise to improve Sri Lanka’s transport infrastructure
(PRESS RELEASE) - Transportation has always played an important role in the prosperity of a nation. As Sri Lanka takes its first steps onto the world stage …
PUCSL seeks public views on electric vehicle charging stations
Sept 13, 2017 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, said it is seeking public views on issues related …
Hayleys Advantis buys Sri Lanka Shipping Company for Rs4.9 bln
Aug 28, 2017 (LBO) – Hayleys Advantis Limited, a subsidiary of Hayleys PLC, has acquired 94.81 percent equity stake of Sri Lanka Shipping Company Limited for …
Sri Lanka motor car registrations rise to 3,221 units in July: JB
Aug 25, 2017 (LBO) Sri Lanka's motor car registrations rose to 3,221 units in July, up from 2,802 units in June, the highest monthly figure so far this year, …
Concessionary period to pay annual luxury tax for new vehicles
Aug 16, 2017 (LBO) – Sri Lanka’s Transport Ministry is to declare a three month concessionary period from September to November for payment of arrears on …
Hambantota Port PPP, important step towards maritime hub: CCC
Aug 15, 2017 (LBO) – Ceylon Chamber of Commerce says it appreciates the steps taken to develop the Hambantota Port as a Public Private Partnership (PPP) as …
Confusion over Lankan port deals may stymie FDI in maritime sector
By P.K. Balachandran Continuing confusion over the terms of foreign participation in the development of Sri Lanka’s ports threatens to stymie Foreign Direct …
Sri Lanka govt to rehabilitate 3,400 km of rural access roads
Aug 03, 2017 (LBO) - Sri Lanka's Cabinet has given the go ahead to rehabilitate 3,400 km of rural access roads and 340 km of national roads in four provinces. …
Sri Lanka cabinet approves issuing e-passports under PPP scheme
Aug 02, 2017 (LBO) – Sri Lanka’s cabinet has approved a proposal to introduce a chip enabled e-Passport where personal particulars of passport holders …
Colombo Port Eastern Terminal will not go to external party: President
Aug 02, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena says the Eastern Terminal of the Colombo Port will not be handed over to an external party …
Hambantota port loan to be transferred from Ports Authority to Treasury: MR
MEDIA RELEASE BY MAHINDA RAJAPAKSA Selling Sri Lanka The manner in which the government privatised the Hambantota port has shocked the nation. Parliament was …
Sri Lanka’s port deal boosts foreign reserves, a credit positive: Moody’s
Aug 01, 2017 (LBO) - The Hambantota port deal is credit positive for Sri Lanka because it will boost foreign-exchange reserves, which will ease the …
Sri Lanka spent 32-pct less on vehicle imports in 2016: CCC
July 31, 2017 (LBO) – Sri Lanka’s expenditure on motor vehicle imports declined by 32 percent to 194 billion rupees in 2016 compared with 2015 when Sri …
Hayleys Advantis invests Rs3.2bln in new distribution center
July 31, 2017 (LBO) - Hayleys Advantis said they will construct a Mega Distribution Center (DC) in Kotugoda with an 3.2 billion rupee investment for the first …
China-Sri Lanka deal on controversial deep water port to be signed on Saturday
By P.K. Balachandran The Sino-Sri Lankan deal over a controversial deep water port in Hambantota in south Sri Lanka, which has been hanging fire since January …
Parliament adjourns without debating Hambantota Port deal
July 28, 2017 (LBO) – Sri Lanka’s Parliament on Friday was adjourned following a tense situation in the chamber with opposition parliamentarians staging a …
Sri Lanka John Keells Holdings profits up 19-pct in June quarter
July 27, 2017 (LBO) – Sri Lanka’s diversified conglomerate John Keells Holdings group profits rose 19 percent to 2.8 billion rupees in the June quarter …
Ceylon Association of Shipping Agents elects Ruwan Waidyaratne as Chairman
The Ceylon Association of Shipping Agents (CASA) announced that Mr. Ruwan Waidyaratne, Managing Director – Hayleys Advantis Limited, had been unanimously …