An Echelon Media Company
Friday November 13th, 2026
Apparel

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.

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

November 30, 2022 2 min read
Sri Lanka PMD says top EU official pledged “positively considering the GSP+ review”

Loss of trade concession could hit Sri Lanka's economy adversely.

Sri Lanka apparel exporters seek parity with competitors in US tariff talks

We respectfully urge both governments to consider the long-term sustenance of Sri Lanka’s apparel industry

Sri Lanka apparel exports fall in April

Sri Lanka’s apparel exports for April 2018 fell 4.2 percent from a year earlier, amid a fall in exports to the US...

June 28, 2018 1 min read

Sri Lanka’s Teejay completes Indian expansion, doubles fabric capacity

ECONOMYNEXT – Sri Lankan fabric maker Teejay Lanka said it has doubled apacity of its Indian mill with the comple...

May 21, 2018 2 min read

Sri Lanka's Teejay Lanka March 2018 quarter earnings up 3-pct

Sri Lanka's Teejay Lanka, a fabric maker, says profits grew 3 percent from a year earlier to 508.4 million rupees in the...

May 9, 2018 2 min read

Sri Lanka apparel exports hit US$4.8bn in 2017

ECONOMYNEXT - Apparel shipments from Sri Lanka, its main industrial export, hit a high of US$ 4.81 billion in 2017, up 3...

February 1, 2018 1 min read

Sri Lanka's Hela Clothing plans Africa expansion after Ethiopia success

Sri Lanka based Hela Clothing said a factory set up in Ethiopia with 800 workers had become the most efficient in the co...

January 22, 2018 1 min read

Sri Lanka expects US$4.7bn from apparel exports in 2017

ECONOMYNEXT – Sri Lanka’s total apparel exports for 2017 are expected to be around US$4.7 billion with ear...

January 17, 2018 2 min read

Sri Lanka’s Brandix in JV with Best Pacific to make synthetic fabric

ECONOMYNEXT – Sri Lankan apparel exporter Brandix has signed a joint venture agreement with Best Pacific of Hong ...

November 20, 2017 1 min read

High cotton prices, taxes trim Sept quarter profits at Sri Lanka’s Teejay

ECONOMYNEXT - Sri Lankan export fabric maker Teejay Lanka Plc reported net profit fell 37% to Rs370 million in the quart...

November 1, 2017 2 min read

Komar opens garment innovation center in Sri Lanka

ECONOMYNEXT – Komar, a U.S.-based sleep and intimate apparel design, manufacturing and distribution company, has ...

October 23, 2017 1 min read

Sri Lanka apparel exporter in chemical leasing deal

ECONOMYNEXT - MAS Holdings, one of Sri Lanka’s top apparel exporters, has struck a chemical leasing deal a paint ...

October 2, 2017 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Floods cause June quarter loss at Sri Lanka’s Hayleys Fabric

ECONOMYNEXT – Floods which disrupted production caused Sri Lanka’s Hayleys Fabric to make a loss of Rs25 m...

August 2, 2017 1 min read

Hirdramani factory in Sri Lanka's north gets top green stamp

Sri Lanka's Hirdramani group said its new factory in Puthukudiyruppu, in the north of the island, has got a top green st...

August 1, 2017 1 min read

Sri Lanka's Teejay Lanka net down 40-pct on cotton spike; GSP+ to help growth

Sri Lanka-based Teejay Lanka Plc, an export fabric maker reported profits of 493 million rupees for the March 2017 quart...

May 17, 2017 2 min read

US market helps Sri Lankan fabric maker weather EU downturn

Sri Lankan fabric manufacturer Textured Jersey Lanka (TJL) has said its well diversified business with big clients in th...

July 28, 2016 2 min read

M&S clothing sales slump, says too early to quantify Brexit impact

British retailer Marks & Spencer on Thursday reported a worse than expected fall in quarterly underlying sales in its cl...

July 7, 2016 1 min read

Uniqlo suspends most Bangladesh travel as attack rattles garment industry

TOKYO, July 4 (Reuters) - Japan's Fast Retailing Co , owner of the Uniqlo casual-wear brand, will suspend all but critic...

July 4, 2016 2 min read

Sri Lanka Textured Jersey net up 62-pct in March

ECONOMYNEXT - Profits at Textured Jersey Plc, a Sri Lanka-based fabric group, rose 62 percent to Rs824 million in the Ma...

May 18, 2016 1 min read

South Asia clothing industry can employ millions more women, boost growth - World Bank

MUMBAI, April 28 (Thomson Reuters Foundation) - South Asia's clothing and textiles industry can create millions of jobs ...

April 30, 2016 3 min read

Sri Lanka should cut import tariffs to increase apparel exports: World Bank

ECONOMYNEXT – Sri Lanka can increase exports of apparel, its main industrial export, by reducing import tariffs a...

April 26, 2016 2 min read

Strike at Sri Lanka Brandix apparel factory in India

ECONOMYNEXT – Workers at Brandix India, a subsidiary of one of Sri Lanka’s top apparel exporters, Brandix ...

April 21, 2016 1 min read