An Echelon Media Company
Tuesday May 30th, 2023

Sri Lanka to set up cannabis export processing zone

Several investors have expressed interest

May 27, 2023 1 min read

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

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.

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

Colder winters expected in Western markets due to the energy crisis

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

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
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 289.8986 297.6055
UK Pound 357.3274 366.5521
Euro 310.0947 318.4855
Aus Dollar 188.4531 193.2296
Yen 2.0576 2.1257
Source: Central Bank/Indicative
Latest Last
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Korea Won 0.2261 0.2291
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Source: Central Bank/Indicative
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Turnover Rs million 518,927,793 893,539,637
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3-m bill 24.64 24.60
6-m bill 24.24 24.36
12-m bill 22.37 22.36
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8-yr bond 23.82 23.16
Source: Central Bank/Indicative
today yesterday
Overnight Money 16.49 16.49
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I-m SLIBOR - -
Source: Central Bank/Indicative

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

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
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