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Crisis in Colombo port drives shipping lines to alternative routes

Due to the ongoing political unrest in Sri Lanka, shipping lines are going for transshipment routes that do not pass through the port of Colombo for the transport of goods…

Sri Lanka to setup SEZs in Galle, Bandarawela, Ratnapura,Thimbirigasyaya, Fort, Pettah and Kollupitiya

The Urban Development Authority (UDA)  has proposed to set up Special Economic Zones (SEZs) in Galle, Bandarawela, Ratnapura city center, Thimbirigasyaya, Fort, Pettah, and Kollupitiya under proposed city development plans. Urban…

THE WALL OF STRENGTH AGAINST AGGRESSION

By Asanga Abeyagoonasekera 141 of the 193 United Nations member states voted for the UN resolution on Russia’s aggression (thirty-five abstained and five voted against). Almost the entire world has…

Colombo Port’s East Container Terminal’s Construction Second Phase Begins

Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…

Most Sri Lankan Exporters Grappled with high costs and shortages in sourcing inputs for exports

Most of Sri Lanka’s exporters are grappled with high costs in sourcing export inputs with some exporters are struggling to source export inputs while facing shortages, according to a recent…

China Communications Construction Company Bags Two Lucrative Port Deals in Sri Lanka

Chinese-state owned China Communications Construction Company has secured two lucrative port deals at the deep-water East Container Terminal (ECT) of Port of Colombo as China made further inroads deep into…

Sri Lanka’s Electronic Travel Approval (ETA) system not updated to cater to the needs of a modern traveler – COPA

Sri Lanka’s Department of Immigration and Emigration is yet to update the “Electronic Travel Approval” (ETA) system which aims to provide a more comprehensive and attractive service for tourists planning…

Expolanka Survives from 25% surcharge tax proposed in budget 2022

Sri Lanka’s second-largest listed firm, Expolanka Holding PLC will not be subjected to a one-off 25% surcharge tax proposed in budget 2022 given the company’s earnings heavily skewed its overseas…

Sri Lanka Commits to declare minimum 30% of the country’s marine reserves as protected areas at COP26

Sri Lanka signed up to the 30by30 target committing to declare a minimum of 30% of the country’s marine reserves as protected areas by 2030 at COP26 in Glasgow along…

Major ocean carriers sailing towards astonishing $200b profit this year

With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their executive boards are being forced yet again to upgrade full-year earnings forecasts. A third of the…