v2025

v2025 (2)

Business

Minister of Ports gets industry stats wrong

Shippers have alleged that claims made by Minister of Ports and Shipping, Mahinda Samarasinghe that the country's Shipping and Logistics industry brings in a revenue of USD 800 Million are completely false.

Speaking to 'ISIS' news, several spokespersons on behalf of shipping and logistics companies in Sri Lanka also refuted claims by the Minister that the country is home to 500 local shipping companies and 1200 staff employed by them.

Meanwhile, the shippers have also claimed that only a few local companies who have created an oligarchy in the industry are worried regarding policies allowing for Foreign shipping companies to operate in Sri Lanka. "Others are not concerned about it," they said.

The shippers also questioned if an oligarch is of any use to the development of the industry and who is benefitting from such a setup. They also expressed their concerns as to why no action is being taken against these companies which are even violating the constitution and if there are any connections between these companies and certain politicians belonging to the previous as well as the current government. According to the shipping companies, it is important for the Minister and the people to discover the truth regarding these issues.

 They expressed these views when questioned regarding the 2018 budget proposals made regarding the Shipping industry. According to industry experts, the business oligarchy in the shipping industry should be done away with while encouraging market competition to develop the shipping industry.

While opposers of the policy have hinted at a breakdown of the industry due to the new policies however the shippers have also questioned as to how the entry of new companies through the reduced restrictions, increased employment opportunities and operations could lead to such a breakdown.

 

 

 

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The Golden Crown Hotel inaugurated

The Golden Crown Hotel, a super luxury, deluxe property located on 2 acres of beautifully landscaped gardens in Kandy and designed by renowned architect Dr. Upendra Rajapakse, was ceremonially declared open by HE The President on 25th November.

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Oman Air marks 8th anniversary in SL

Oman Air proudly announces its 8th Anniversary of successful operations in Sri Lanka.

The national airline of Oman has grown by leaps and bounds in Sri Lanka, playing a major role in supporting Sri Lanka’s commercial, industrial and tourism sectors by providing flights to all key destinations in the world.

The Colombo-Muscat route has become an important part of its global network while becoming indispensable for business and leisure travelers as well as Sri Lankan expatriate workers based in Oman. Oman Air’s direct flights are extremely convenient and help connect passengers to Oman, Middle East and Europe. More significantly, this route also connects travelers to Sri Lanka and contributes hugely towards the growth of the local tourism industry.

Commenting on the joyous occasion of the airline’s 8th year of operations in Sri Lanka, Gihan Karunaratne, Country Manager – Sri Lanka & Maldives said, “We feel immense pride in celebrating our 8th year of a mutually rewarding partnership with Sri Lanka. Over this period, Oman Air has carved out a significant share in Sri Lanka’s aviation industry and we would like to thank our loyal customer base in the country for their continued patronage. Oman Air enjoys a strong brand presence in the local market, as we work closely with all local stakeholders to deliver a superior experience. Oman Air has recently refreshed its fleet with Boeing 737- Neo & Dreamliners to enhance its luxury product offering. We are committed to growing in Sri Lanka and are grateful for the support given to us by the government, travel and aviation sectors.”

Oman Air commenced its Sri Lankan operations in 2009 with 4 flights a week and now operates 14 flights per week with an average passenger load factor of 82 per cent. Oman Air has received some impressive awards including the World Travel Awards with World’s Leading Business Class Airline – Middle East and Best Economy Class Airline – Middle East. And one of the most impressive award was the 'Best airline in Europe, Middle East & Africa' awarded at The Seven Stars Luxury Hospitality & Lifestyle Awards which held in Spain.

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DFCC Bank Inaugurates Matara City Branch

Expanding its reach across the country, DFCC Bank recently opened its second fully-fledged branch in Matara. The new branch will be known as DFCC Bank’s ‘Matara City Branch’.

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DIMO 800 receives accolade at National Green Awards 2017

DIMO has once again affirmed their ongoing commitment to environmental stewardship by receiving presidential recognition at the National Green Awards organized by Central Environment Authority.

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