HSBC and IUCN announce project for development of greener apparel industry
Dec 06, 2019 (LBO) – HSBC and International Union for Conservation of Nature (IUCN) Sri Lanka Country Office announced the launch of their project to …
Apparel
Shangri-La Group completes One Galle Face, Group’s largest venture in South Asia
Nov 14, 2019 (LBO) – Seven years after it broke ground, the much-anticipated One Galle Face (OGF) integrated project was officially opened recently by …
Teejay’s 6-month net profit up 75-pct to Rs.1.24Bn
Oct 31, 2019 (LBO) – Textile manufacturer Teejay Lanka PLC has announced top and bottom line growth in the first half of 2019-20, with investments in …
Omega Line to reconstruct USD 24Mn Sri Lanka factory complex
Oct 22, 2019 (LBO) – Sri Lanka’s Board of Investment has signed a deal with Omega Line to reconstruct its factory complex at the existing premises at …
Shangri La’s ‘One Galle Face’ mall to open November 8th
September 26, 2019 (LBO) – In an opening that will transform the retail sector in Sri Lanka, Shangri La has announced it will open its shopping mall …
Teejay grabs ‘Best Exporter Award –Textile Sector’ at Presidential Export Awards
Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, was adjudged the Best Textile Exporter in Sri Lanka at the 2019 Presidential Export …
Sri Lanka GDP growth 1.6-pct in Q2
Sep 19, 2019 (LBO) – Sri Lanka’s Gross Domestic Product (GDP) growth rate for the second quarter of 2019 has been estimated as 1.6 percent, a new …
“Sri Lankan Airlines is a vanity we cannot afford,” Fin Min says
Sep 17, 2019 (LBO) – Sri Lanka’s Finance Minister, Mangala Samaraweera says State Owned Enterprises (SOE) management has become political rather …
Sri Lanka prepares to pioneer USD50Mn fully-fledged Ocean University
Aug 30, 2019 (LBO) – Sri Lanka’s state-run job skilling apparatus, the Technical, Vocational Education Training (TVET) sector, is now poised to receive the …
Pigeon Island partners Blue Resources Trust to create conservation programs
Aug 20, 2019 (LBO) – Sri Lankan tropical wear brand Pigeon Island, based on marine conservation and plastic recycling, recently partnered with Blue …
Teejay extends partnership with University of Moratuwa
Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another …
Swim Week Colombo to showcase Sri Lanka as an international hub
Aug 02, 2019 (LBO) – The fifth edition of OLU Swim Week Colombo will unveil the latest trends in swim and luxury resort wear presented by 9 Sri Lankan …
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) – Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level …
Teejay makes strong start to 2019-20
Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at Group and Company level through efficient capacity …
Knit fabric maker Teejay announces plans to diversify in to lace
Jul 25, 2019 (LBO) – Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company to …
Sri Lanka’s private sector opposes SLPA tariff hike at this juncture
May 04, 2019 (LBO) – Sri Lanka’s private sector firms have strongly opposed the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase …
Teejay reports 9-month net profit of Rs 1.26Bn
Feb 08, 2019 (LBO) – Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, …
Sri Lanka exports grow 4.1-pct USD980Mn in Nov 2018
Jan 29, 2019 (LBO) – Sri Lanka’s deficit in the trade account narrowed significantly in November 2018 (year-on-year) following a decline in …
Sri Lanka’s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) – Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1.2 billion rupees through a mix of shareholder …
Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) – The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, …