Category: Logistics
Railway development, viable alternative to costly Central Expressway
Nov 08, 2017 (LBO) – Sri Lanka’s transport sector experts questioned the need for an expensive four lane expressway with interchanges which will create its own problems of increasing congestion in and around Kandy. Mechanical Engineering Sectional Committee of the Institution of Engineers in association with the Sri Lanka Society of Transport & Logistics recently […]
I will never allow substandard oil to unload: Petroleum Minister
Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. Ranatunga said even after rejecting the shipment because of substandard oil, the IOC is still keeping their oil tanker in Sri Lankan waters. “IOC ship carrying their order arrived here […]
‘s John Keells Holdings second quarter net edge down
Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits in the leisure and retail sectors. Profits attributable to equity holders in the second quarter were down one percent to 3.73 billion rupees from a year earlier. The group […]
Sri Lanka discusses Megapolis financing with European Investment Bank
Oct 02, 2017 (LBO) – Sri Lanka’s Foreign Minister has participated in a discussion with Vice President of the European Investment Bank (EIB) to evaluate the possibility of entering into a financing agreement for several major infrastructure development projects for Megapolis Ministry. Foreign Ministry said in a statement that Foreign Minister Tilak Marapana met with […]
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 a purchase price of 4.9 billion rupees. The group said in a stock exchange filing that the transaction was carried out on 23rd August 2017. buy vidalista online http://www.biop.cz/slimbox/src/js/vidalista.html […]
Sri Lanka to invest Rs3.5bnl in Kalutara for industrial park
Aug 22, 2017 (LBO) – Sri Lanka will set up a 150-acre industrial park in Millaniya, Kalutara at a cost of 3. buy nolvadex online https://qpharmacorp.com/wp-content/uploads/2023/08/png/nolvadex.html no prescription pharmacy 5 billion rupees with a company from Thailand, the State Minister of International Trade Sujeewa Senasinghe said. buy tamiflu online https://www.indcheminternational.com/wp-content/uploads/2022/08/png/tamiflu.html no prescription pharmacy buy clomiphene […]
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 Investment (FDI) in the island nation’s maritime sector. It is not only the Hambantota port, but the Colombo port’s East Terminal and the to-be-constructed Trincomalee port that have become victims of policy […]
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 phase. The move is part of the company’s expansion strategy with emphasis on consolidating operations for greater efficiency.buy zithromax online buy zithromax online no prescription The Company broke […]
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 debate on Friday to secure political legitimacy for it, said the Minister of Ports Mahinda Samarasinghe at a press briefing here on Tuesday. As per the new “Concessional Agreement” the Sri […]
Commercial Bank, Sampath Bank offer real-time Customs payments
July 25, 2017 (LBO) – Commercial Bank of Ceylon PLC and Sampath Bank PLC together have announced the introduction of real-time, online payments to Sri Lanka Customs through their respective online banking platforms. The announcement follows Sri Lanka Customs’ notable implementation of an online payment platform for Customs payments in partnership with the Central Bank […]
Hayleys Advantis to expand Maldives operations with two landing craft
Press Release: Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS). These landing craft will allow TTS to actively participate in discharging cargo midstream and make deliveries […]
Sri Lankan Supreme Court petitioned to stop building steel houses for IDPs
By P.K.Balachandran Tamil National Alliance (TNA) MP for Jaffna District, M.A.Sumanthiran, on Thursday filed a Fundamental Rights petition in the Supreme Court to stop a government project to build 65,000 pre-fabricated steel houses for people displaced by war in the Northern and Eastern Provinces. The respondents in the case are the Minister for Resettlement and […]