Category: Industry
Strong April 2025 performance of Sri Lanka’s Apparel sector; JAAF
Sri Lanka’s apparel industry recorded an encouraging 15.14% year-on-year growth in April 2025, reflecting a notable rebound in demand from major global markets. According to data released by the Joint Apparel Association Forum (JAAF), exports to the EU (excluding the UK) surged by an impressive 27.04%, while shipments to the USA and UK grew by […]
Stakeholders validate apparel curriculum for persons with disabilities
A diverse group of stakeholders from Sri Lanka’s apparel industry, vocational training institutes, the Department of Social Services, Vocational Training Authority, Tertiary and Vocational Education Commission, EFC’s disability resource centre, organizations for persons with disabilities and international development agencies convened recently at the NH CollectionColombo for a national workshop focused on validating an inclusive apparel […]
ComBank and MD/CEO Sanath Manatunge clinch top honours as ‘Sri Lanka’s Best’ from The Asian Banker
The Commercial Bank of Ceylon and its Managing Director/CEO Mr Sanath Manatunge have been named the ‘Best Managed Bank’ and the ‘Best Bank CEO’ in Sri Lanka respectively by The Asian Banker (TAB) magazine, bestowing on them two prestigious accolades that are presented once in every three years. These awards, in respect of the 2022-2024 […]
Hambantota International Port Group Enhances Vehicle Clearance Efficiency
Hambantota International Port Group (HIPG) has responded decisively to recent complaints regarding delays in vehicle clearance. Since February 2025, more than 9,151 vehicles, both used and brand new, have entered the country through the HIP, placing increased demand on port operations. In light of this, the Hambantota International Port Group (HIPG) has implemented a series […]
Sri Lankan Delegation to Engage in Tariff Talks in Washington
A Sri Lankan delegation is set to participate in discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR). This is the second in-person meeting aimed at ongoing efforts to strengthen bilateral trade relations between the two nations. This initiative builds on several […]
Sri Lanka’s Land Market Shows Strong Momentum Amid Growing Demand, Reports LankaPropertyWeb
The Sri Lankan land market is gaining renewed strength, with Colombo and the broader Western Province leading the way in price growth, according to the latest Land Price Index (LPI) published by LankaPropertyWeb (LPW). The 2025 index reveals that land prices in Colombo city (Colombo 1-15) have risen by 7% year-on-year, while the overall Western […]
ComBank ends Q1 as first private sector banking group on cusp of Rs 3 Tn. assets milestone
Loan book grows by Rs 116.75 Bn. in 3 months to Rs 1.642 Tn. Net interest income up 23.53% to Rs 34.21 Bn. Improves provision cover and interest margin alongside balance sheet growth Reports 3-month PBT of Rs 22.56 Bn. and PAT of Rs 14.97 Bn., with taxes amounting to Rs. 11.61 Bn. The […]
Hameedia launches ‘We Create’ – Sri Lanka’s first-ever online tailoring platform
Hameedia, Sri Lanka’s leading menswear brand, recently launched ‘We Create’, the country’s first-ever digital tailoring platform, via www.envoylondontailorstore.com. This innovation reflects Hameedia’s 75-year legacy of craftsmanship combined with modern technology, allowing customers to design personalized garments online. More than just clothing, Hameedia views fashion as the art of crafting identity. The brand has built a […]
US-China Tariff De-escalation Does Not Signal Trade Normalisation: Fitch Ratings
The Joint Statement on US-China Economic and Trade Meeting in Geneva published on 12 May appears to be a significant de-escalation of the trade war between the two countries, Fitch Ratings says. But in the absence of a lasting deal, uncertainty over where tariff rates will settle and the impact of those already implemented will […]
Navigating Sri Lanka’s digital future: A conversation with Dr. Hans Wijayasuriya
By Ashanthi Ratnasingham Sri Lanka is entering a defining chapter in its digital journey—one that could reshape how citizens live, work, and connect. As global economies accelerate toward smarter governance, inclusive connectivity, and resilient digital infrastructure, Sri Lanka is laying the groundwork to leapfrog into a digitally empowered future. Leading this transformation is Dr. Hans […]
Sri Lanka CERT Issues Cybersecurity Alert Amid Regional Concerns
In light of recent cybersecurity reports emerging from the South Asian region, Sri Lanka Computer Emergency Readiness Team (CERT) has issued an urgent advisory urging all public and private sector organizations within the nation to elevate their cybersecurity vigilance and implement necessary precautionary measures. While Sri Lanka CERT explicitly stated that there is no direct […]
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Fitch Ratings has assigned Seylan Bank PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated, Basel III-compliant subordinated debentures of up to LKR15 billion an expected National Long-Term Rating of ‘A-(EXP)(lka)’. The proposed debentures, which will have maturities of five, seven and 10 years, will be listed on the Colombo Stock Exchange. The bank plans to use the […]