An Echelon Media Company
Monday May 20th, 2024

Visiting China Garment Association members meet Sri Lanka firms

Objective of this high-level delegation was to bolster existing trade relations, explore fresh avenues of collaboration

May 15, 2024 1 min read

Sri Lanka's Hela Apparel Holdings to directly own Mauritius unit

Hela Apparel Holdings Plc to buy 99,000 shares in Mauritius incorporated company called Hela Brands Limited.

March 28, 2024 1 min read

Sri Lanka textile and apparel roadshow to be held in London

Sourced Sri Lanka – Textile and Apparel Roadshow, first UK export promotion program for Sri Lankan garments

February 7, 2024 1 min read

Sri Lanka's Hela Apparel buys UK-based Focus Brands

Focus Brands will form the basis for the organisation’s new brand licensing division

January 26, 2024 2 min read
Fitch downgrades Sri Lanka Hela Apparel Holdings

Sri Lanka's Hela Apparel Holdings was downgraded by Fitch Ratings to 'BB+(lka)'; Outlook Negative.

Sri Lanka to set up cannabis export processing zone

Several investors have expressed interest

Sri Lanka apparel association slams attack on foreign executive, calls for swift action

A security officer as well as the Omani national had been injured.

April 2, 2023 1 min read

Grand Gain Industrial invests in Sri Lanka bra-cup plant

The facility has the capacity to produce 1.5 million bra cup pairs per month

Melkishiya Andrew
March 7, 2023 1 min read

Sri Lanka's Hela Apparel Africa expansion backed by Norfund

NDB Investment Bank Limited was the financial advisor.

February 27, 2023 2 min read

Sri Lanka exporters looking for diversified markets ahead of global recession

Five markets are showing potential including Canada, India, China, Australia, and Japan.

Roshani Fernando
February 7, 2023 3 min read

Sri Lanka's fabric manufacturer sees opporutunity for thicker textiles in Western markets

Colder winters expected in Western markets due to the energy crisis

Chanka Jayasinghe
November 30, 2022 2 min read

Tax hikes could force Sri Lanka exporters shift to other countries - exporters

New tax hikes will be effective from December 1

Roshani Fernando
November 26, 2022 3 min read

Looming global recession threatens dollar earning of Sri Lanka's top exports

Decline in export orders could slowdown Sri Lanka's economic recovery

Roshani Fernando
November 23, 2022 2 min read

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."

Mahadiya Hamza
August 17, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
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today yesterday
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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

Dulya de Silva
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.

Mahadiya Hamza
June 10, 2022 4 min read

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...

Dulya de Silva
June 2, 2022 3 min read

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
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