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Tuesday October 26th, 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...

1 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 ...

1 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...

1 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...

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.

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

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

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 203.0000 201.9836
UK Pound 279.4295 278.1314
Euro 235.5105 235.1897
Aus Dollar 152.3312 150.2614
Yen 1.7827 1.7770
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7067 2.6932
Korea Won 0.1743 0.1720
Oman Rial 527.2864 524.6464
Saudi Riyal 54.1218 53.8508
UAE Dirham 55.2659 54.9892
Source: Central Bank/Indicative
pts %
S&P SL20 3,644.73 1.08%
CSE All Share 10,046.80 1.33%
Turnover Rs million. 2,191,558,044.10 6,853,653
Source: CSE
Latest Last
3-m bill 7.69 7.19
6-m bill 7.87 7.31
12-m bill 8.13 7.46
5-yr bond 10.99 10.52
8-yr bond 11.31 11.37
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

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

Singapore's Zilingo acquires Sri Lanka's nCinga for US$15.5mn

Zilingo, a Singapore-based fashion platform, has acquired Sri Lanka's nCinga Innovations for 15.5 million US dollars in ...

2 min read

HSBC, IUCN to study on sustainability in Sri Lanka apparel sector

HSBC Sri Lanka, in partnership with the International Union for Conservation of Nature (IUCN), have begun a study to pla...

2 min read

Sri Lanka plans fabric processing zone in East, targets China

Sri Lanka's apparel industry is planning a fabric processing park in Eravur, Batticaloa in the East of the island, to dr...

Tania Madies

2 min read

Sri Lanka Hirdaramani deploys cost cutting start-up software in apparel group factories

Sri Lanka's Hirdaramani apparel conglomerate is deploying new quality management software developed by a group IT start-...

2 min read

Sri Lanka's Hirdaramani, Bangladesh apparel firms on HSBC Serai tech platform

Sri Lanka's Hirdaramani group and several Bangladesh apparel firms are among early adopters of a supply chain matching s...

2 min read

Sri Lanka recycling 30-pct of waste plastic, producing apparel, exports

Sri Lanka is re-cycling 30 percent of its waster plastic including waste washing up on its shores, into fabric and brush...

Mahadiya Hamza

2 min read