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Friday July 30th, 2021
General Industry

Sri Lanka grants tax relief to fabric makers in Eravur zone

Tax relief up to 10 years for larger investments

3 min read

Sri Lanka's JAT Holdings seeks Rs1.5bn in IPO, Rs731 sale by investor

Plans to develop export markets

3 min read

Sri Lanka fabric park for 'greener' apparel with transparent supply chain

BOI upgrading older industrial to higher eco-standards

3 min read

Sri Lanka Phosphate SOE taken out of industries ministry

Placed under Agriculture Ministry

3 min read

Sri Lanka retailers seek utility relief, re-opening of closed outlets

The SLRA has also requested permission to re-open some of the sectors that are currently closed.

Sri Lanka's China backed Xinji 'plug-and-play' electronic park built at high speed

The first factory ready to produce in an year

Sri Lanka Air Force to produce high flow oxygen units for Covid-19 patients

The Air Force was planning to produce 50 machines and was ready to make more

1 min read

China looking at Sri Lanka to fill and finish Sinopharm Covid-19 vaccines

World Health Organization has approved the emergency use of Sinopharm vaccine

2 min read

Sri Lanka to start trial production of RT-LAMP Coronavirus test kit: SLINTEC

Manufacturing of trial batches will commence soon, which will then be followed by commercial production

2 min read

Sri Lanka's Ocean Lanka develops new fabric dying technology

Process slashes water use by over 60 percent, cuts energy use by 20 percent and is 30 percent faster

2 min read

Sri Lanka's Hayleys buys South Asia Textiles for Rs3.9bn

Hayleys Fabrics, a unit Sri Lanka's Hayleys group said it had bought 98.84 percent of South Asia Textiles Limited, weft-...

1 min read

Sri Lanka manufacturing, services expands in March 2021: PMI

Sri Lanka's manufacturing Purchasing Managers Index reached a 9-month high as activities continue to recover backed by p...

2 min read

Hemas Holdings 'AAA(lka)' rating confirmed by Fitch

Fitch Ratings has confirmed at 'AAA(lka)' domestic rating of Sri Lanka's Hemas Holdings Plc, with a stable outlook based...

7 min read

Sri Lanka food, shampoo firms hit by midnight 'regime uncertainty' as palm oil banned

Sri Lanka firms producing a range of foods and personal care items would be hit by a palm oil ban, in addition to public...

2 min read

Blackstone group enters Sri Lanka taking over Piramal Glass unit

US-based Blackstone Capital has taken over Sri Lanka's publicly traded Piramal Glass (Pvt) Ltd, paying 6.2 billion rupee...

1 min read

Sri Lanka to set up pharmaceutical zone in Horana

Sri Lanka will set up a pharmaceutical investment zone in Millewa, Horana with an initial investment of 8 billion rupees...

2 min read

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Sri Lanka PM opens DAG Apparel factory in Moneragala

Sri Lanka's Prime Minister Mahinda Rajapaksa has commissioned a 500 million rupee export apparel factory in Moneragala, ...

1 min read

Pakistan, Sri Lanka in talks for pharma JVs supported by buy-back deals

Sri Lanka has invited the Pakistani Pharmaceutical Manufacturers’ Association (PPMA) to set up joint ventures with par...

2 min read

China MCC in talks with Sri Lanka over US$310mn mineral sand venture

China Metallurgical Group Corporation (MCC) is in talks with Sri Lanka over a 310 million US dollar mineral sand project...

2 min read

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Sri Lanka manufacturing, services expand in Jan 2021:PMI

Sri Lanka's manufacturing Purchasing Managers' Index remained in expansion at 60.2 percent though 1 point down from Dece...

2 min read

Sri Lanka makes ceramic components for New Zealand tech company

Royal Fernwood Porcelain Limited, manufacturer of porcelain tableware said it had begun producing engineering components...

2 min read

Sri Lanka's Piramal Glass Ceylon net up 60-pct

Sri Lanka's Piramal Glass Ceylon Plc, said profits rose 60 percent from a year ago to 378 million rupees in the December...

1 min read

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Sri Lanka's Global Rubber Industries adds agricultural tyre capacity

Sri Lanka's Global Rubber Industries said it is adding an agricultural tyre palnt that will take its capacity to 750,000...

2 min read

Sri Lanka state land on 30-year lease to Pelwatte Milk

Sri Lanka's cabinet of ministers had approved the transfer of 22 hectares of state land to Pelwatte Milk Industries Ltd,...

1 min read

Sri Lanka revises 'local value addition matrix' for assembled vehicles

Sri Lanka has revised the domestic 'value addition' criteria of assembled vehicles following discussions with the indust...

1 min read

Ferentino Tyre Corporation commissioned by Sri Lanka President

Ferentino Tyre Corporation (Pvt) Ltd, an export oriented greenfield project which the firm says will be South Asia's lar...

1 min read

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