Category: Logistics
‘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 Asia Gateway Terminal (SAGT) in the Port of Colombo has successfully gone live with Navis’ N4 terminal system and N4 Billing. “SAGT selected the Navis terminal system to better optimize […]
Korean Government approves USD200mn for Kandy tunnel
June 06, 2017 (LBO) – The Ministry of Strategy and Finance of Korea has approved 200 million US dollars for the Kandy tunnel construction project, Korean Embassy in Sri Lanka announced. The project comprises of four tunnels with a total length of 5.5km from Suduhumpola to Tennekumbura via Bogambara and Ampitiya which will be the […]
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 department. The Railways Department manages nearly 13,000 acres of land, of which 1,934 acres have been leased out to 6,400 users, as this land is not necessary for […]
Indian ships arrive in Sri Lanka with flood relief, China pledges USD2.2Mn
May 29, 2017 (LBO) – Sri Lanka’s monsoon death toll rose to 164 with another 88 listed as missing as Indian ships arrived with relief supplies and China pledged US 2.2 million dollars in disaster aid. online pharmacy buy spiriva inhaler with best prices today in the USA buy wellbutrin online https://qpharmacorp.com/wp-content/uploads/2023/08/png/wellbutrin.html no prescription pharmacy […]
LAUGFS says LPG Terminal in Hambantota on schedule for 2018
May 04, 2017 (LBO) – One year into the construction of the LAUGFS LPG Import and Export Terminal in Hambantota, the first phase, with a 30,000 MT capacity, is on schedule for commissioning in the first half of 2018, the company said. The LAUGFS Terminal, built with an investment of USD 80 million, is expected […]
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) – Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri Lanka’s capital, with rehabilitation of the dump now in progress, a minister said. “What we are doing now is taking measures to control further collapses […]
Lubricant players concerned over duty hike on synthetic lubricants
Mar 22, 2017 (LBO) – Sri Lanka’s lubricant suppliers are starting to pass the tax imposed on synthetic lubricants to end users, the Ceylon Motor Traders Association warned. The association said the recent 31 percent rise in duty and tax imposed by the government on synthetic lubricants effective mid-November is causing alarm in the market, […]
Sri Lanka Port Authority records Rs11bn in profits for 2016
Mar 10, 2017 (LBO) – The Sri Lanka Ports Authority made profits of 11 billion rupees in 2016 while recording a revenue of 44 billion rupees, the Ports Ministry said. Ports Minister Arjuna Ranatunga, in a statement, said that SLPA had cut operational spending to 20.2 billion rupees, down from 22.6 billion rupees in 2015. […]
Sri Lanka’s JVP demands President reveals Hambantota port agreement
Dec 27, 2016 (LBO) – Sri Lanka’s Marxist JVP today insisted the President should reveal the Hambantota port agreement to the country before signing the agreement with China. Writing a letter to the President, JVP Parliamentarian and COPE Chairman Sunil Handunnetti said their party is strongly against what they called ‘selling’ the port which is […]
‘s prospects for LNG investment high, especially from Japan: advisory firm
Nov 16, 2016 (LBO) – Sri Lanka’s prospects for attracting investments in LNG, power plants, and natural gas infrastructure are good, especially if the island looks towards Japan, a global advisory firm said. Sri Lanka enjoys “Comprehensive Partnership” status with Japan, supported by close ties between Prime Minister Ranil Wickremesinghe and Japanese Premier Shinzo Abe, […]
Interview: Strength of potential partners key to LNG negotiations, says PRDS DG
Nov 08, 2016 (LBO) – The reputation and financial strength of potential partners is key to developing Sri Lanka’s LNG infrastructure, according to the head of the Petroleum Resources Development Secretariat (PRDS). “Introducing a new energy form of LNG and building up end-user dependency on it requires a low-risk approach to supply assurance,” Saliya Wickramasuriya, […]
USD1 bln expected from Hambantota port sale: CB Governor
Nov 02, 2016 (LBO) – Sri Lanka could expect a one billion dollar inflow to the economy in about five months time through the sale of a stake in the Hambantota Port, the Central Bank Governor said on Tuesday. The equity proceeds of a sale of an 80 percent stake to a Chinese investor could […]