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Friday November 13th, 2026
General Industry

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

April 26, 2021 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-...

April 24, 2021 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...

April 16, 2021 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...

April 13, 2021 7 min read
Sri Lanka suspends licenses of five alcohol firms over unpaid taxes

The firms owed 6.7 billion rupees including fines

VAT increase could reduce purchasing power: Ceylon Chamber

CCC raises concerns about VAT increase, says government should consider other options of increasing revenue.

Water shortages delay Sri Lanka investments

ECONOMYNEXT – Sri Lanka’s efforts to attract more investments are being affected by a new threat, shortage...

December 7, 2017 1 min read

Sri Lanka's Dipped Products returns to profit helped by plantations

Sri Lanka's Dipped Products Plc, a glove maker which also owns tea and rubber plantations, has reported profits of 83.3 ...

November 6, 2017 1 min read

Sri Lanka’s Chemanex to shed staff, stop exports, paints business

ECONOMYNEXT – Chemanex said it intends to stop its exports and retail paints business to focus on chemical tradin...

November 1, 2017 1 min read

Sri Lanka anti-dumping law ready for parliament

ECONOMYNEXT – An anti-dumping law that Sri Lankan businesses have been lobbying for has been approved by the gove...

September 29, 2017 1 min read

CEAT Kelani wins Rs1.1bn Sri Lanka state bus tyre deal

Sri Lanka's loss-making state-run Sri Lanka Transport Board has awarded a 1,115 million rupee deal to CEAT Kelani Intern...

September 17, 2017 1 min read

Sri Lanka mulls relaxing domestic market curbs on BOI firms

ECONOMYNEXT – Sri Lanka’s government is considering relaxing restrictions on domestic sales of mainly expo...

August 21, 2017 1 min read

Thailand’s Rojana to set up industrial zone in Sri Lanka

ECONOMYNEXT – Rojana Industrial Park is to set up Sri Lanka’s first industrial zone in over a decade, aimi...

August 21, 2017 3 min read

Sri Lanka’s Dankotuwa Porcelain June net profit up sharply

ECONOMYNEXT - Sri Lankan tableware manufacturer Dankotuwa Porcelain said net profit shot up 880 percent to 29 million ru...

August 17, 2017 1 min read

Sri Lankan industrialists worry over China trade deal, cess removal

ECONOMYNEXT – Sri Lankan industrialists have voiced concern over a proposed free trade agreement with China and g...

August 14, 2017 3 min read

Sri Lanka's Haycarb profits down on high coconut shell prices

Activated carbon maker Haycarb Plc said high coconut shell prices in Sri Lanka, Thailand and Indonesia were shrinking pr...

August 6, 2017 2 min read
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Sri Lanka's Dankotuwa Porcelain says workers down tools

Sri Lanka's Dankotuwa Porcelain Plc, said workers have stopped work over a pay dispute.

August 1, 2017 1 min read

Sri Lanka's TJL net down 45-pct, expects GSP+ bounce

Sri Lanka based Teejay Lanka, a fabric maker said profits plunged 45 percent to 219 million rupees in the June 2017 quar...

July 28, 2017 2 min read

Piramal Glass Sri Lanka unit June net down, floods hit sales

ECONOMYNEXT – Piramal Glass Ceylon said June 2017 quarter net profit fell 3.7% to Rs105 million from a year ago w...

July 26, 2017 3 min read

Thailand's Rojana eyeing industrial parks in Sri Lanka

Thailand's Rojana group which operates industrial zones is eyeing industrial parks in Kaluthara, South of Sri Lanka's ca...

July 23, 2017 1 min read

Volvo to check on buying rubber components from Sri Lanka

ECONOMYNEXT – Sweden's Volvo has agreed to consider the possibility of buying rubber components from Sri Lanka fo...

July 21, 2017 1 min read

Drug manufacturing plant opened in Sri Lanka with Indian investment

ECONOMYNEXT – A pharmaceutical manufacturing plant that will make drugs to control diabetes, cholesterol and high...

June 27, 2017 2 min read

Investors to get land in new Sri Lanka industrial estates

ECONOMYNEXT - The Sri Lankan government has approved the allocation of land plots on 35-year leases for investors in new...

May 31, 2017 1 min read

Sri Lanka's Lankem unit buys injection moulding firm

ECONOMYNEXT – Sri Lanka's Lankem Ceylon said its fully owned J. F. Packaging (Pvt) Ltd. subsidiary had acquired a...

May 26, 2017 1 min read

Collaborative robots to boost productivity, expand Sri Lanka female employment: officials

The deployment of collaborative robots that work with humans in the workplace can boost productivity, create new jobs an...

May 25, 2017 3 min read

Sri Lanka’s Softlogic gets franchise for Baskin-Robbins ice cream

ECONOMYNEXT – Sri Lanka’s Softlogic Holdings group said it had acquired the franchise for Baskin-Robbins i...

May 18, 2017 1 min read