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Saturday October 23rd, 2021

Tens of thousands in the Katunayake FTZ can catch Covid – Workers' Bodies

A Collective of Workers Organisations representing Garment Factory staff is warning that around 50,000 employees in fact...

3 min read

Sri Lanka apparel industry congratulates government; says facing worst time in 40 years

Sri Lanka's Joint Apparel Association forum has congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Ra...

3 min read

Sri Lanka's Teejay expects supply chain shake-up, lower cotton prices to help

Sri Lanka's Teejay Lanka Plc, a weft-knit fabric maker for foundation garments which shifted to mask cloth during a Coro...

3 min read

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

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 ...

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...

Brandix wins Sri Lanka exporter of the year award

Colombo-based Brandix, an apparel group which has expanded overseas into two continents and employs around 60,000 people...

1 min read

Sri Lanka’s Odel lobbying for lower import duties, to lure tourists

Sri Lankan retailer Odel is lobbying the government to reduce import duties and help make the island an attractive shopp...

2 min read


Tariffs push some US firms to exit China for Sri Lanka, Bangladesh

As fresh US tariffs on Chinese imports kick in, Illinois-based phone accessories manufacturer Ben Buttolph has been urge...

4 min read

Teejay Lanka to up revenues to US$300mn with productivity driven capacity boost

Teeja Lanka Plc, a apparel maker which has operations in Sri Lanka and India is planning to grow revenues 50 percent in ...

3 min read

Sri Lanka’s Hirdaramani apparel exporter in circular economy push, cuts waste

Sri Lanka’s Hirdaramani Group has teamed up with the Ellen MacArthur Foundation’s ‘Make Fashion Circular’ initia...

2 min read

Sri Lanka's Teejay Lanka net up 62-pct on strong orders, rupee collapse

Sri Lanka's Teejay Lanka Plc, a fabric maker which also has facilities in India said profits grew by 62 percent to 453 m...

2 min read

Sri Lanka's Teejay eyes sales to new apparel plants in Africa, South Asia

Sri Lanka's Teejay Lanka Plc, one of South Asia's largest fabric mills, is eyeing sales to new apparel factories being s...

2 min read

Teejay Sri Lanka to make lace with LFT of China

Sri Lanka's Teejay Lanka Plc, one of South Asia's largest fabric mills, is planning to diversify into lace production in...

1 min read

MAS Holdings to develop wearable menstruation tech for Sri Lankan women

MAS Holdings, an apparel manufacturer, is working on wearable technology to make menstruation more bearable for Sri Lank...

3 min read

Sri Lanka apparel exports cross US$5bn with record US holiday season

ECONOMYNEXT- Sri Lanka's garment and textile exports in 2018 had grown 5 percent from a year earlier to 5 billion US dol...

2 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 201.0455 200.5117
UK Pound 277.3121 277.2676
Euro 233.7456 233.8869
Aus Dollar 150.2614 151.2660
Yen 1.7625 1.7543
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6854 2.6801
Korea Won 0.1705 0.1707
Oman Rial 522.2097 520.8231
Saudi Riyal 53.6007 53.4541
UAE Dirham 54.7338 54.5885
Source: Central Bank/Indicative
pts %
S&P SL20 3,572.70 0.54%
CSE All Share 9,881.50 1.78%
Turnover Rs million. 2,191,558,044.10 4,268,523
Source: CSE
Latest Last
3-m bill 7.19 6.64
6-m bill 7.31 6.80
12-m bill 7.46 6.96
5-yr bond 10.52 9.48
8-yr bond 11.37 9.97
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's Hayleys Fabric profits surge in December quarter

Profits at Sri Lanka's Hayleys Fabrics Plc surged to 107.6 million rupees in the December 2018 quarter, compared to a 10...

1 min read

Flagging Victoria's Secret announces new lingerie CEO

US lingerie giant Victoria's Secret announced Monday that it had appointed fashion executive John Mehas as new lingerie ...

3 min read

Sri Lanka’s Teejay Lanka Sept quarter net profit up 15-pct

ECONOMYNEXT – Teejay Lanka said net profit rose 15 percent to 426 million rupees in the September 2018 quarter fr...

1 min read

Sri Lankan retailers need to integrate sustainability into business

ECONOMYNEXT - Sustainability needs to become a part of how business is carried out and not just something to do on the s...

2 min read

Sri Lanka cuts value added tax on fabric imports to 5-pct

ECONOMYNEXT – Sri Lanka’s government said it has slashed value added tax on fabric imports to five percent...

2 min read

Sri Lanka design school and Bangladesh plan eco-friendly jute apparel

Sri Lanka and Bangladesh apparel makers are in high-level discussions to deepen collaboration around innovation with pla...

Devan Daniel

3 min read

Sri Lanka apparel exports grow 12-pct in June 2018

ECONOMYNEXT- Sri Lankan apparel exports grew 12.1 percent from a year earlier to 427 million US dollars in June 2018, wi...

2 min read

Sri Lanka's Hayleys Fabric back in profit in June quarter

ECONOMYNEXT –Sri Lanka's Hayleys Fabric returned to profit in the June 2018 quarter with net earnings of 16 milli...

2 min read

Sri Lankan apparel exporter sets up employee training facility

ECONOMYNEXT – Brandix, a top Sri Lankan apparel exporter and one of the biggest employers in the industry, has se...

2 min read

Sri Lanka's Teejay Lanka June quarter net profits up 27-pct on GSP Plus

ECONOMYNEXT - Profits at Sri Lanka's listed fabric maker Teejay Lanka grew 27 percent from a year earlier to 279.3 milli...

2 min read

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