Investing

Sri Lanka to Develop $1.5 Billion Logistics Hub in Trincomalee

  • August 22, 2024

Sri Lanka is set to establish a major logistics hub in Trincomalee’s Kappalthurai, targeting heavy industries and aiming to attract up to $1.5 billion in investment. State Minister of Investment Promotion Dilum Amunugama announced the development, highlighting the 600-acre zone’s potential to connect sea, air, and railway cargo freights. This new logistics hub will be

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Business

Colombo Port Named World’s Best Growing Port for Q1 2024

  • July 30, 2024

Colombo Port has been recognized as the World’s Best Growing Port for the first quarter of 2024 by Alphaliner, a leading global shipping and logistics news portal and research publication. The nomination highlights the port’s impressive increase in cargo volumes and revenue, achieving a remarkable growth rate of 23.6% in 2024, according to K. D.

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