H One launches machine management solution for apparel industry
Nov 19, 2018 (LBO) – H One, a IT solutions provider, launched Res.Q| MI; an all-encompassing machine management solution designed with both large and …
Apparel
Teejay 6-month net profit up 20-pct to Rs.705Mn
Nov 01, 2018 (LBO) – Sri Lanka’s Teejay Lanka PLC, a textile manufacturer, has reported sales of 14.4 billion rupees and profit after tax of 704.8 …
Govt. will support retail sector to make Sri Lanka a regional shopping destination: Fin Min
Oct 19, 2018 (LBO) – Opportunities for the retail sector will continue to expand with Sri Lanka recently crossing the US 4,000 dollar GDP per capita …
Demand growth and urbanisation fuel Sri Lanka’s retail sector: OBG
Oct 03, 2018 (LBO) – Rising demand and an accelerating population shift to major urban centres is driving activity in Sri Lanka’s retail sector, however, …
Sri Lanka Govt. cuts VAT on imported fabric by 5-pct
Sept 18, 2018 (LBO) – Sri Lanka’s Finance Ministry issuing a gazette amended the Value Added Tax (VAT) act further to reduce the VAT on imported …
Sri Lanka BoI targets 35 projects with Rs.46.4Bn in investments in the North
Sept 03, 2018 (LBO) – The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. Among the …
Cotton Collection divests to Softlogic Group
Aug 29, 2018 (LBO) – Sri Lankan fashion retailer, Cotton Collection Ltd. yesterday announced in a statement it has divested for an undisclosed amount …
Sri Lanka official reserves at USD9.3Bn : Rupee depreciated by 5.0-pct by Aug 2018
Aug 28, 2018 (LBO) – The Central Bank of Sri Lanka said reflecting developments in the domestic and global foreign exchange markets, the Sri Lankan rupee …
Teejay Lanka profit after tax grows by 27-pct to Rs.279.3Mn
Capacity expansion in India and an increased order book from the US and EU have enabled Teejay Lanka PLC, Sri Lanka’s only multinational textile …
USD25.6 million contribution from Wathupitiwela EPZ to export earnings
Jul 25, 2018 (LBO) – The BOI’s Wathupitiwela Export Processing Zone (WEPZ) has contributed US 25,599,216.25 dollars (US$ 25.6 Mn) in export revenue as …
National Export Strategy to be launched this week
Jul 16, 2018 (LBO) – Sri Lanka is to launch a long-awaited National Export Strategy (NES) later this week on the 19th. “The National Export …
Sri Lankan scents inspire high fashion fragrance
July 12, 2018 (LBO) – Sri Lankan scents are the inspiration for one of the latest perfumes by Boucheron Paris. The fragrance will be available …
Colombo Stock Exchange to launch new board for SME sector security listings
June 29, 2018 (LBO) – Sri Lanka’s Securities and Exchange Commission with the Colombo Stock Exchange will be launching a Small and Medium Enterprise Board …
Sri Lanka’s Teejay Lanka doubles capacity of India plant with USD15Mn expansion
May 21, 2018 (LBO) – Teejay Lanka, a textile manufacturer said they will be doubling of capacity of its Indian mill, following the completion of an …
GSP Plus is a transient popup for apparel sector: Apparel Institute’s Chairman
May 10, 2018 (LBO) – Apparel industry leaders say that increasing apparel exports and receiving trade benefits such as GSP Plus facility, should not blind …
Brandix and VTA signs MoU for skills development in apparel industry
Mar 20, 2018 (LBO) – Brandix Group and the Vocational Training Authority of Sri Lanka (VTA) recently signed two Memoranda of Understanding (MoU) denoting …
Sri Lanka’s Koggala EPZ earns USD122 Mn in 2017
Mar 14, 2018 (LBO) – The Board of Investment’s (BoI) Koggala Export Processing Zone (KgEPZ) contributed US 122 million dollars worth of exports …
Colombo Fashion Week Brings Together Other Creative Industries
Celebrates Expression through Collaborations Celebrating other creative industries and their expression through fashion has been one of the focus’ of …
Sri Lanka GDP down to 3.3-pct in Q3
Dec 16, 2017 (LBO) – Sri Lanka’s Gross Domestic Product growth rate for the third quarter of 2017 has been estimated as 3.3 percent, slower than …
Sri Lanka to make health care certificate for textiles compulsory
Dec 13, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to make it compulsory to obtain a health care certificate for textile and garment products. …