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Tuesday July 27th, 2021
Apparel

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...

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 ...

2 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...

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...

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

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...

Sri Lanka should sell more to Asia in a post-COVID 19 scenario – Pathfinder Foundation

The Pathfinder Foundation, a think tank advising the government, wants Sri Lanka to sell more to Asia which it calls the...

3 min read

President warns Bankers he will remove those who do not follow government guidelines and “fall in ...

President Gotabaya Rajapaksa is saying that the government is facing criticism that the banking system has not passed do...

2 min read

Sri Lanka import controls, Covid-19 cargo logjam hit apparel exporters

Sri Lanka's apparel exporters are facing difficulties in obtaining essential items for manufacturing due to import contr...

Mahadiya Hamza

5 min read

Standard Chartered Sri Lanka finances MAS group to make Covid-19 face masks for US

Standard Chartered Sri Lanka said it had provided an 11 million US dollar credit from a concessionary Covid-19 facility ...

2 min read

Sri Lanka apparel exporters get some orders as Coronavirus lockdowns ease in the West

Orders are beginning to trickle into Sri Lanka's apparel export firms as Coronavirus lockdowns are eased in the West and...

Mahadiya Hamza

3 min read

Sri Lanka starts shipping 200mn face mask made by Brandix to the United States

Sri Lanka's Brandix, a top apparel group said it had started shipping 200 million face masks to made at its factories to...

3 min read

Brandix apparel plants in Sri Lanka, India making PPE in Covid-19 battle

Sri Lanka's Brandix, an apparel group with operations in India and Bangladesh is turning its factories into making perso...

2 min read

Bangladesh garment factories reopen, defying virus lockdown

Hundreds of Bangladesh's garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears t...

2 min read

Sri Lanka apparel sector faces mass-unemployment, firms run out of cash

Many of Sri Lanka's apparel firms have run out of working capital and credit lines to pay salaries in April and mass une...

Mahadiya Hamza

6 min read

Sri Lanka apparel exports to lose US$1.5bn as Coronavirus cripple buyers

Sri Lanka’s apparel industry is expecting to lose 1.5 billion US dollars’ worth of revenue between March to June as ...

Mahadiya Hamza

4 min read

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Latest Last
US Dollar 199.9076 199.9329
UK Pound 276.2723 274.9377
Euro 235.9309 235.4310
Aus Dollar 147.3719 147.0407
Yen 1.8140 1.8116
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6898 2.6855
Korea Won 0.1736 0.1734
Oman Rial 519.2540 519.3197
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Source: Central Bank/Indicative
pts %
S&P SL20 3,077.95 -0.46%
CSE All Share 8,117.70 -0.23%
Turnover Rs million. 4,600,535,430.20 4,600,535
Source: CSE
Latest Last
3-m bill 5.14 5.13
6-m bill 5.17 5.16
12-m bill 5.22 5.21
5-yr bond 7.35 7.34
8-yr bond 7.89 7.88
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.12 5.00
Gilt Repo 5.13 5.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka apparel firms face uphill battle to make Coronavirus masks, million safety suites

Sri Lanka's apparel sector has turned their factories to make mask and protective equipment for frontline workers who ar...

Mahadiya Hamza

2 min read

Colombo Fashion Week in eco-friendly drive, riding Sri Lanka's status as production hub

Sri Lanka has an opportunity to combine both design and manufacture of apparel to serve customers with eco-friendly prod...

Mahadiya Hamza

3 min read

Sri Lanka apparel exporters see orders slashed as Coronavirus spread to markets in Europe

Apparel exporters in Sri Lanka, already battered by disruptions of raw materials from China which may trigger factory cl...

Mahadiya Hamza

3 min read

Sri Lanka exporters buckle-up for Coronavirus hit on China supply chain

Export industries in Sri Lanka which depend on inputs from China are looking for alternative source markets as a Coronav...

Mahadiya Hamza

4 min read

Paypal gap holds back Sri Lanka's online fashion aspirations

Sri Lanka's apparel firms that have built brands and would like to sell online are constrained by the lack of Paypal or ...

Mahadiya Hamza

3 min read

Sri Lanka's Star Garments achieves carbon neutrality

Star Garments group, owned by the US-based Komar is now CarbonNeutral certified for its entire portfolio of 14 factories...

Tania Madies

3 min read

Sri Lanka apparel exports to slowdown till April after record 2019

Sri Lanka's garment exports are expected to drop till April 2020 due to poor conditions in key markets after growing 5.1...

2 min read

Sri Lanka apparel exports up 2.8-pct in Nov with investments in production

Sri Lanka's apparel exports grew 2.8 percent to 459 million US dollars from a year earlier in November 2019 due to an in...

Mahadiya Hamza

2 min read

Avirate fashion of Sri Lanka to continue global expansions in tie-up with Expolanka

Avirate, a Sri Lanka-based fashion label, said it will continue global expansions after signing a supply chain improveme...

2 min read

Sri Lanka’s McLarens Holdings eyes automobile component manufacture

Sri Lanka's McLarens Holdings, a shipping sector player that has started an advanced engineering and productivity enhanc...

Tania Madies

2 min read