Hambantota International Port records High Growth in LPG operations in second quarter 2024

The Hambantota International Port’s (HIP) second quarter report on LPG operations records an increase of approximately 100% in volumes handled compared to 2023 numbers. Bunker volumes at the port have also increased considerably by almost 128%. Building on this success, HIP has expanded its services to accommodate diverse oil and gas operations, including LPG vessel […]

Cross Border Partnership: PickMe ventures into Nepal; IFC endorses move to support startup ecosystem

PickMe has crossed digital borders and will take the ride hailing market by storm with the launch of their latest technology partnership, JumJum (Let’s Go) in Nepal, a country where 78% of 3.22 million vehicles registered are motorcycles. Named as the Motorcycle city, Kathmandu Valley claims to have over a million motorcycles on their busy […]

Thai PM’s Office on fact finding mission at Hambantota International Port  

A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the port operates under the public private partnership between the government of Sri Lanka and CM Port.   The 8 member delegation included Ms Wannaporn Niyomthong, Deputy Director from Directorate 8 of Thailand; Surapat Phosaen, Minister […]

‘s Rise

Over 300 oil and gas cargo vessels visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022.  A key reason for this is the port’s bunkering partner Sinopec actively operating in the market, bringing significant value addition to the HIP’s commercial operations. The overall oil & […]

VAT on used vehicles hurts the common man and creates a black market – CMTA

The Ceylon Motor Traders’ Association (CMTA) made a statement claiming that the newly imposed VAT on used vehicles, has supported the creation of a black market in the industry, while increasing the market prices of used vehicles which is hurting the common man of the country.   The recent implementation of VAT has stirred concerns […]

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