Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's ban on terminal handling charges goes into effect
Tue, Jan 7, 2014, 12:25 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 07, Colombo: In a move to reduce the cost of shipping and attract more shipping lines to Sri Lanka's ports, Sri Lankan President Mahinda Rajapaksa in the 2014 Budget proposed abolishing the terminal handling charges (THCs) and other surcharges levied by the container lines from January this year.

From January 2014, Sri Lankan shippers will pay an all-in freight rate, President Mahinda Rajapaksa announced in his recent budget speech to parliament.

The Ministry of Finance Monday said the Extraordinary Gazette on Terminal Handling and Other Charges by shipping agents, freight forwarders, non-vessel operating common carriers, container operators and consolidators of cargo has been published by President Rajapaksa, who is also the Minister of Highways, Ports and Shipping and the new regulations will take effect from Monday.

"The regulation will be enforced by the Director of Merchant Shipping from Monday, 6 January 2014," the Ministry said in a statement.

"The move crystallizes one of the several proposals made by President Mahinda Rajapaksa in the Budget 2014 to create greater transparency in the levy of terminal handling and other charges," it said.

According to the Ministry "It will promote productivity growth and competitiveness of imports and exports."

ColomboPage - Recent 10 Stories
India offers military assistance to modernize Sri Lanka Army
Visiting Indian Army Chief meets Sri Lanka's Prime Minister
Sri Lanka’s CIC sells Chemifix trademark for Rs 345 million
IOM commends Sri Lanka's leadership of the Colombo Process
Sri Lanka and France renew commitment to deepen engagement in sports development
Pakistani naval ship arrives in Sri Lanka port on a goodwill visit
Former President says Sri Lanka's economy took a 'palpable' downturn with new government
Will never compromise national security, Sri Lankan President assures
Sri Lankan President attends UN climate conference in Paris
Sri Lanka inflation rises to 3.1 percent in November 2015

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.