An Echelon Media Company
Wednesday October 5th, 2022

Sri Lanka's progress on GSP+ commitments: top EU officials says report due soon

GSP+ is an annual trade concession worth over 500 million US dollars

October 3, 2022 3 min read

Sri Lanka textile factory by Jay Jay Mills in Eravur zone

India's Jay Jay Mills already has factories employing 9,500 workers

September 16, 2022 2 min read

Sri Lanka to benefit from access to UK's new trading scheme: high commissioner

"It will also simplify some season tariffs, meaning additional and simpler access for Sri Lanka's exports to the UK."

August 17, 2022 2 min read

Sri Lanka free trade zone manufacturers alarmed by electricity tariff hike

FTZMA said the high tariffs which are driving up cost of production would make Sri Lankan products highly uncompetitive

August 13, 2022 3 min read
Sri Lanka's fuel and dollar shortage dents lucrative garment exports industry

Customers are sending questionaries to exporters on a daily basis inquiring about the country's situation.

Sri Lanka free trade zone manufacturers oppose electricity tariff hike proposal

Sri Lanka’s ongoing crisis situation is affecting the apparel industry, with many overseas brands having already moved...

Sri Lanka apparel exporters wants a new gvt, stability restored


May 11, 2022 2 min read

Sri Lanka diesel shortage hits power, worker transport: apparel exporters

fuel shortages are affecting our ability to transport our goods and provide staff transport

April 1, 2022 1 min read

Sri Lanka confident of no immediate withdrawal of EU's GSP+: Foreign Secretary

"We are confident that we will have the GSP plus for a while. But it does not mean that we should take it lightly."

February 25, 2022 3 min read

Reliance India buys Sri Lanka's amanté lingerie unit from MAS

The company sells through its own stores multi-brand outlets, and e-commerce channels across India and Sri Lanka

November 13, 2021 1 min read

Sri Lanka GSP+ loss will hit multiple sectors, rural women: JAAF chief

In the case of apparel, nearly 80 percent of the employees are predominantly rural women,

October 26, 2021 8 min read

Sri Lanka apparel firms build care centres, 50-pct of workers vaccinated with two doses

Apparel sector had helped build 11 Covid-10 care centres where 4,500 beds are available for workers

August 22, 2021 2 min read

Sri Lanka apparel exporters boost supply chain transparency, lifts ethical branding

The industry association has revamped its website and logo recently

August 15, 2021 2 min read

Sri Lanka's Teejay Lanka profits Rs310mn as Powell Bubble drives cotton

Strong order book, rising raw material costs

August 6, 2021 3 min read

Sri Lanka Olympic team dressed by LOVI in sarongs and sarees

The collection to represent unity

July 11, 2021 1 min read

Sri Lanka vaccinates 30-pct of apparel workers, 50-pct targeted by July

Hopes vaccinate the entire workforce before the end of 2021.

July 4, 2021 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9103 369.9103
UK Pound 419.5837 413.4458
Euro 365.2629 364.8862
Aus Dollar 242.4453 240.1335
Yen 2.5656 2.5668
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4489 4.4516
Korea Won 0.2529 0.2518
Oman Rial 942.5852 942.5852
Saudi Riyal 96.5416 96.5545
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 2,875.21 -5.70%
CSE All Share 9,237.05 -4.28%
Turnover Rs million 4,541,034,136 3,017,534,901
Source: CSE
Latest Last
3-m bill 29.75 29.35
6-m bill 28.66 28.29
12-m bill 28.54 28.44
5-yr bond 25.22 25.26
8-yr bond 25.82 25.87
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Kenya unit of Sri Lanka's Hela Clothing switches to PPE, provides work in pandemic

Hela Clothing creates over 2,000 jobs in Kenya during the pandemic

May 4, 2021 1 min read

Sri Lanka apparel sector ready to pay for worker Coronavirus vaccines

Sri Lanka's apparel exporters are ready to bear the cost of vaccinating 350,000 workers if the government could help sou...

February 8, 2021 2 min read

Sri Lanka plantations firms propose wage model

Sri Lanka's Regional Plantations Companies have proposed a wage model which they say allows daily wage f 1,105 rupees in...

January 16, 2021 2 min read

Sri Lanka Femtech advances by MAS wins global recognition

Sri Lanka's MAS group said it had been recognized for advancements in female centric technology (FemTech) that improved ...

Mahadiya Hamza
January 9, 2021 4 min read

Sri Lanka fashion and design show to go virtual in 2021

Sri Lanka Design Festival, an annual event showcases fashion, design technology, knowledge sharing, art and creativity w...

December 20, 2020 2 min read

Brandix workers probably got Covid from a foreign source - Minister

Sri Lanka’s Minister tasked with dealing with the Covid 19 pandemic Dr Sudharshini Fernandopulle believes that staff a...

December 7, 2020 2 min read

Sri Lanka's Hirdramani group detects Covid-19 in Eheliyagoda factory

Sri Lanka's Hirdramani group said six employees at a factory in Eheliyagoda have tested positive for Covid-19, other sta...

November 23, 2020 2 min read

Sri Lanka's Hirdramani group says one Covid-19 staffer positive in a factory

Sri Lanka's Hirdramani group says it is contact tracing and conducting more tests after a staffer was confirmed with Cor...

October 18, 2020 1 min read

Sri Lanka Coronavirus cluster tops 2000, KEPZ factories reach 170 Covid-19 cases

Sri Lanka's expanding Minuwangoda Coronavirus cluster reached 2014 on October 16 with 115 cases confirmed during the day...

October 17, 2020 2 min read

Covid second wave must be blamed on government not Apparel-Maker – Opposition MP

The Opposition is saying the government is trying to blame Brandix for the second wave of Covid 19 infections while the ...

Imesh Ranasinghe
October 14, 2020 3 min read
1 2 3 6