Yacht operator says Merchant Shipping blocks business
Sept 21, 2016 (LBO) – Sri Lankan Aggressor, a yacht named after the island, has been blocked by the Secretariat of Merchant Shipping from registering pending …
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Sri Lanka vehicle registrations rebound from July lows: JB
Sept 19, 2016 (LBO) - Sri Lanka vehicle registrations saw a rebound in August from the July lows in the categories of small cars, three-wheelers, two-wheelers …
CCC proposes amendments to Sri Lanka’s customs ordinance
Sep 12, 2016 (LBO) - The Ceylon Chamber of Chamber has made several proposals for the amendment of Sri Lanka’s Customs Ordinance. The Import Section of the …
Hanjin shipping bankruptcy to have indirect impact on Sri Lanka
Sept 10, 2016 (LBO) - The filing for bankruptcy by South Korean container shipper Hanjin Shipping will have an indirect impact on Sri Lanka with reduced space …
Hanjin Shipping collapse could drive up cost for businesses
Sept 09, 2016 (LBO) - South Korean container shipper Hanjin Shipping has filed for court receivership, which will increase costs for businesses and consumers …
Sri Lanka to develop Jaffna island jetties for better connectivity
Sep 09, 2016 (LBO) - Sri Lanka’s Ports and Shipping Ministry said in order to improve the regular costal transportation services in Jaffna, measures have …
Walkers Piling commences Sri Lanka’s first sea piling project
Sept 08, 2016 (LBO) – Sri Lanka's Walkers Piling, a subsidiary of MTD Walkers, announced that they have commenced work on Sri Lanka’s first sea piling …
Advantis extends port side logistics support to USS Frank Cable
Sept 06, 2016 (LBO) - Advantis Marine, the marine services arm of Hayleys Advantis Limited, said it has offered end-to-end port side logistics support to the …
Sri Lanka to remove barriers for entrepot trade: Finance Minister
Sept 05, 2016 (LBO) – Sri Lanka’s Finance Minister says the government expects more foreign investment that would promote export oriented business …
Lanka IOC mulls expanding Trinco bunkering operations
Sept 01, 2016 (LBO) – Sri Lanka’s IOC, a subsidiary of Indian Oil Corporation, is to expand their existing bunkering operations at Trinco port as the …
Walkers Colombo shipyard builds & launches first vessel
Sept 01, 2016 (LBO) - Walkers Colombo Shipyard (Pvt) Ltd, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its first vessel, a …
China to fund Ratnapura expressway project
Aug 29, 2016 (LBO) - The EXIM bank of China has agreed to fund civil work construction of the proposed Ratnapura Expressway (73.buy avanafil online buy …
USS Frank Cable Arrives in Sri Lanka today
Aug 29, 2016 (LBO) - The USS Frank Cable (AS-40) will arrive in Sri Lanka for a routine refueling and port visit on August 29. During the visit, sailors from …
Sri Lanka seeks Indian subcontinent partner for Port’s ECT
Aug 26, 2016 (LBO) - Sri Lanka is seeking a partner from the Indian subcontinent to develop a port designed to be its deepest and accommodate the world’s …
Norwegian research vessel to assess Sri Lankan marine stocks in 2017
Aug 15, 2016 (LBO) – Norwegian funded research vessel is to visit Sri Lankan waters next year to carry out a marine stock assessment, Norwegian Prime …
Sri Lanka’s Hemas Holdings profits surge 68-pct in June quarter
Aug 11, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare, has posted a equity holder profit of 696 million …
Sri Lanka’s Financial City to build client deposit base 10-pct of GDP
Aug 10, 2016 (LBO) – Sri Lanka’s proposed Financial City aims to attract a client deposit base worth 10 percent of the island’s GDP within a period of 5 …
Sri Lanka’s Port City developer withdraws compensation claims
Aug 02, 2016 (LBO) – Sri Lanka’s port city developer CHEC Port City Colombo, who is handling the project for the Chinese investor, China Communications …
No more debate on monorail vs. LRT, Japan confirms funding
Jul 29, 2016 (LBO) - Sri Lanka’s government confirmed that the Japanese government will fund the islands proposed Light Rail Transit (LRT), ending a debate …
Sri Lanka’s Cabinet approves USD318mn Indian credit line for railway
July 27, 2016 (LBO) – Sri Lanka’s Cabinet has approved the proposed 318 million US dollars Indian credit line for the development of the country's railway …