Hirdaramani takes new steps in transparency and accountability for renewable energy use
The Hirdaramani Group has yet again taken bold strides towards energy accountability by being the first in Sri Lanka to receive International Renewable Energy …
Apparel
Sri Lanka to receive same benefits of EU GSP+ for UK from 2021
Nov 14, 2020 (LBO) – Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, it is …
Teejay reports net profit of Rs.631Mn in Q2
Teejay Lanka PLC has adapted to the “new normal” to post an improved performance in the three months ending 30th September 2020. Sri Lanka’s only …
Exports propel Hayleys to new heights; declares best ever six months
The Hayleys Group delivered a record profit in the first six months of FY 2020/21, with pre-tax profit nearly tripling to Rs. 5.52 billion compared to the …
Ambeon Group appoints Ajith De Silva as MD/CEO of South Asia Textiles Limited
Nov 09, 2020 (LBO) – Leading conglomerate Ambeon Group announced the appointment of Ajith De Silva as Managing Director/Chief Executive Officer of their …
Exporters outlook for business and economy improves; Report
Sri Lankan exporters are more positive in their outlook with expectation for a moderate growth for export business and the economy over the next 12 months as …
Brandix stands firm that it followed all quarantine protocols
Oct 11, 2020 (LBO) – Brandix on Sunday said that they can confirm with proof that all stipulated protocol was followed concerning their employees and …
Early detection of COVID-19 positive employee: Brandix
Oct 05, 2020 (LBO) - Brandix has detected that an apparel worker in its manufacturing facility in Minuwangoda is COVID-19 positive, a statement said. "The …
Sri Lanka Export Development Board proposes export stimulus reward scheme for exporters
Sep 25, 2020 (LBO) – The commendable performance of Sri Lankan exporters and the resilience shown during an unprecedented COVID 19 pandemic is to be rewarded …
Colombo fashion week introduces retail week with One Galle Face
Sep 10, 2020 (LBO) - A new normal environment calls for a new normal experience, Colombo Fashion Week (CFW) curates a first-of-its-kind experiential retail …
Evolution of Fashion Week in a Post-Covid Environment
Sep 09, 2020 (LBO) - HSBC Colombo Fashion Week (CFW) became the first fashion week platform in the region to present fashion amid the Covid-19 environment. The …
Council for Business with Britain to strengthen the UK-SL trade corridor
Sep 04, 2020 (LBO) - The newly elected President of the Council for Business with Britain says efforts will primarily be focused on enhancing business and …
Teejay posts operating profit of Rs. 15mn in COVID-19 hit first quarter
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a …
Sri Lanka receives safe travels stamp from World Travel and Tourism Council
Aug 10, 2020 (LBO) - Recognising the safety protocols introduced by the Government of Sri Lanka along with standards mandated by Sri Lanka Tourism Development …
United States works with Sri Lankan apparel industry to increase PPE exports
Jul 27, 2020 (LBO) – The United States is helping Sri Lankan apparel producers to export Personal Protective Equipment (PPE) to the United States. In …
9 new innovators selected virtually for second batch of Fashion for Good’s South Asia Innovation Programme
Jul 23, 2020 (LBO) - Fashion for Good, a global platform for innovation, welcomes 9 start-up innovators into the second batch of its regional Programme. …
Teejay ends 2019-20 with net profit up 28-pct
May 15, 2020 (LBO) - Textile manufacturer Teejay Lanka PLC has ended 2019-20 on an encouragingly strong note, despite its projected fourth quarter profit …
MAS: Engagement to fight COVID-19 crisis through our manufacturing
Apr 29, 2020 (LBO) - Sri Lanka's MAS joins in the global efforts to contain the spread of COVID-19, protect the healthcare givers at the frontlines and give …
VIDEO: Discussion on impact of COVID-19 on Sri Lankan export industry
The Advocata Institute hosted an online discussion featuring Ashroff Omar (CEO, Brandix), Dilhan Fernando (CEO, Dilmah Tea), Romesh David (CEO, SAGT) and …
Joint Apparel Association Forum predicts USD1.5bn reduction in June quarter exports
Apr 10, 2020 (LBO) – The Joint Apparel Association Forum (JAAF) foresees an immediate contraction of 1.5 billion US dollars in Sri Lankan apparel exports …