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. …
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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 …
Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday
By P.K. Balachandran A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a …
Sri Lanka motor car registrations dip in June, electric cars out of favor: JB
July 25, 2017 (LBO) - Sri Lanka motor car registrations dipped slightly in June to 2,800 units from 2,812 registered in May, JB Securities said in a research …
Sri Lanka Ports Authority to modernize Jaya Container Terminal
July 19, 2017 (LBO) – Cabinet nod has been received to modernize the Jaya Container Terminal (JCT) of the Sri Lanka Ports Authority in order to improve the …
Sri Lanka’s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) - Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South …
Sri Lanka calls EOIs for ferry system in Colombo
June 19, 2017 (LBO) - Sri Lanka's Megapolis Ministry said it has called for expressions of interest to establish a ferry system in Colombo canals through a …
Super luxury Majestic Princess calls at Colombo port
Press Release: M.V. Majestic Princess the newest sister ship to Royal Princess and Regal Princess made her maiden call at the Port of Colombo today (12th June …
Expolanka’s EFL adds more international expertise
Jun 13, 2017 (LBO) - Leading logistics provider EFL announced the appointment of three new independent directors to its international board as part of its …
Sri Lanka to develop railway with USD 318mn credit line from India
June 06, 2017 (LBO) - Sri Lanka's Finance Ministry has signed an agreement with the Indian government to receive a US 318 million dollar line of credit …
Sri Lanka Railways to collect land lease arrears of Rs1.4bn
June 05, 2017 (LBO) – Sri Lanka’s state-owned Railways Department said 1.46 billion rupees is yet to be collected as lease arrears for land owned by the …