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 …
Apparel
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. …
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 …
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 …
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 …
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 …
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 …
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 …
Largest participation of emerging designers at HSBC Colombo Fashion Week 2020
Mar 11, 2020 (LBO) – This season, CFW sees the highest participation of high potential Emerging Designers, a testimony to the development of the next …
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we’re discussing how Sri Lanka can benefit from more women joining the workforce and what can be done …
Opinion: How technology shapes apparel sector supply chains: Shifting to nearshoring and reshoring
Nipuni Perera Advances in technology have made nearshoring – the practice of shifting production operations to a nearby country closer to the end market …