January 28, 2025 at 10:56 am | Uncategorized | No comment
Sri Lanka has partnered with Chinese energy giant Sinopec to expedite the construction of a $3.7 billion oil refinery in the southern port city of Hambantota, marking one of the largest foreign investment projects in the country. The refinery aims to reduce Sri Lanka’s heavy reliance on imported oil, which has placed a significant financial […]
Read moreJanuary 22, 2025 at 8:50 am | Uncategorized | No comment
Ford, in collaboration with DB Schenker, has opened a 41,792m² parts distribution center in Dubai South to serve markets in the UAE, Saudi Arabia, Angola, and Ghana. The facility features drones for safety and inventory management, an SAP S/4HANA system for efficient operations, and stores around 100,000 parts. It also includes 20 container docks, a […]
Read moreJanuary 16, 2025 at 2:57 pm | Uncategorized | No comment
Colombo Dockyard recently completed repairs on the Singapore-flagged container vessel Lobivia, which had been struck while navigating the Gulf of Aden. A specialized team from the shipyard inspected the vessel and determined that the necessary repairs could be carried out without drydocking, saving valuable time. The repairs involved extensive work on the vessel’s hatch covers […]
Read moreJanuary 15, 2025 at 9:15 am | Uncategorized | No comment
The inaugural Pharma Logistics Winter University, co-founded by several leading organizations, will run in Abu Dhabi from February 3-7, 2025, aiming to bridge academic learning with practical application in pharmaceutical logistics. Open to students, management trainees, and junior professionals in fields like supply chain and pharmacy, the program includes workshops, case studies, field visits, and […]
Read moreJanuary 10, 2025 at 11:08 am | Uncategorized | No comment
In December 2024, Sri Lanka’s merchandise exports amounted to $1,042.5 million, reflecting a 4.06% growth compared to the same month in 2023, according to provisional data from Sri Lanka Customs. This increase was primarily driven by higher earnings from key sectors such as apparel and textiles, tea, rubber-based products, coconut-based products, spices and concentrates, as […]
Read moreDecember 30, 2024 at 9:20 am | Uncategorized | No comment
U.S. President-elect Trump has expressed support for the International Longshoremen’s Association (ILA) in its opposition to automation at container terminals. With the current contract extension expiring on January 15, just days before his inauguration, labor negotiations with the United States Maritime Alliance (USMX) remain stalled. Automation remains a key point of contention, with no progress […]
Read moreDecember 25, 2024 at 11:57 am | Uncategorized | No comment
Sri Lanka’s tourism industry showed positive growth in December 2024, with 248,592 tourists arriving, marking a 35% increase compared to November and an 18.18% boost compared to December 2023. By the end of the month, total tourist arrivals reached 2,053,465, reflecting the sector’s steady recovery. This growth highlights the success of ongoing tourism strategies and […]
Read moreDecember 25, 2024 at 11:45 am | Uncategorized | No comment
In a recent address to Parliament, Sri Lanka’s President unveiled proposed reforms to the country’s Personal Income Tax (PIT) system. These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR 150,000, allowing lower-income earners to retain a larger portion of their income. Additionally, the reform aims to adjust the tax brackets, […]
Read moreDecember 21, 2024 at 12:02 pm | Uncategorized | No comment
Ipsos has confirmed ongoing discussions regarding the potential acquisition of Kantar Media, but no binding offer has been made yet, and it remains uncertain whether these discussions will lead to an agreement. Meanwhile, other companies have made notable acquisitions to expand their capabilities. For instance, Norstat has acquired PFM Research to enhance its position in […]
Read moreDecember 20, 2024 at 1:54 am | Uncategorized | No comment
Sri Lanka’s Colombo Port continues to grow in alignment with global maritime developments, with a significant investment from the Adani Group. The Adani Group acquired a portion of the West Terminal, which is expected to open in the first quarter of 2025. Despite facing financial challenges due to a fraud case in the US, S&P […]
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