Category: Industry
Sri Lanka’s Apparel industry responds to new U.S. tariffs; Engages Government on way forward
Sri Lanka’s apparel industry has expressed its concern over the Reciprocal Tariff policy announced by the U.S regime earlier today. The new tariffs proposed could significantly disrupt the country’s largest export sector and put thousands of jobs at risk. Following an announcement by U.S. President Donald Trump on April 2, a 10% baseline tariff on […]
Celebrating progress and partnerships: EZVIZ’s new product launch in Sri Lanka
EZVIZ, a global leader in smart home security solutions, proudly hosted its event, ‘EZVIZ: LEADING SMART HOME EMPOWERMENT 2025’ at Cinnamon Life last week. The event brought together esteemed partners, distributors, and stakeholders to celebrate their remarkable journey in Sri Lanka, express gratitude to their valued partners, and unveil the latest innovations designed specifically for […]
Strengthening Sri Lanka’s reputation for responsible sourcing
Sri Lanka’s apparel industry has long been held up as a leader in ethical manufacturing, and that reputation has been further validated by a strong endorsement from Avedis Seferian, President and CEO of Worldwide Responsible Accredited Production (WRAP). In a recent discussion with the Joint Apparel Association Forum (JAAF), Seferian emphasized how independent certification has […]
Shyam Sathasivam succeeds veteran leader Vish Govindasamy at Sunshine Holdings PLC
Sunshine Holdings PLC (CSE: SUN) announced that Vish Govindasamy will be stepping down from his executive role within the Group to a Non- Executive role as Deputy Chairman after an illustrious 28-year journey marked by bold leadership, transformative innovation, and deep-rooted commitment to responsible entrepreneurship. Govindasamy will continue to support the Group in an advisory […]
Xapp by NDB Wealth Simplifies Investing for Everyone
NDB Wealth introduces Xapp, a seamless digital investment platform designed to remove barriers to investing and make wealth-building more accessible than ever. Many individuals hesitate to invest due to complexity, market uncertainty, and the traditionally cumbersome process of managing investments. Xapp is set to change this by offering an intuitive, user-friendly experience that makes investing […]
CMA CGM SILVERSTONE Makes Maiden Call at Hambantota International Port
The Hambantota International Port (HIP) welcomed vessel CMA CGM Silverstone, a pure car carrier operated by CMA CGM, marking her first-ever call at a Sri Lankan port. This milestone emphasises the growing significance of HIP as a regional hub for vehicle transshipment. The 200-meter-long, LNG powered, CMA CGM Silverstone sailing under the Maltese flag, was […]
Fitch Assigns State Mortgage &” Rating; Outlook Stable
Fitch Ratings has assigned Sri Lanka-based State Mortgage & Investment Bank (SMIB) a first-time National Long-Term Rating of ‘BB(lka)’. The Outlook is Stable. Key Rating Drivers Intrinsic Profile Drives Rating: SMIB’s rating reflects its standalone financial strength and factors in its weaker-than- peers funding profile that has led to balance sheet mismatches. Risk controls are showing […]
& Zenbook 14
ASUS, a Taiwanese tech giant is set to push the boundaries of innovation with its latest lineup of AI-powered laptops offering versatile performance, stunning design, and multiple use case options for enhanced productivity and entertainment. The brand’s first lineup of 2025 not only caters to a new segment but also makes AI more accessible than […]
Optimism among Swedish companies working with Sri Lanka
“Growth in the last five years, growth in 2024 and optimism for 2025.” These are some of the key findings from the Sweden-Sri Lanka Business Council’s (SSLBC) 2025 Membership Survey. The results are also a reflection of the increasing interest for Sri Lanka among Swedish companies. In two years, the number of members of SSLBC […]
Emirates’ A350 debuts in Sri Lanka, offering airline’s unique Premium Economy experience
Emirates’ latest aircraft, the Airbus A350, has made its debut in Sri Lanka, introducing an exciting new dimension in air travel to and from the popular destination of Colombo. The roll out of Emirates’ A350 aircraft to Sri Lanka featuring the airline’s latest interiors, industry-first technologies and innovations, reinforces the airline’s commitment to a market […]
CBL Foods International wins Gold for best in-house R&D unit at National awards
CBL Foods International (Pvt) Ltd. (CBLF), a subsidiary of CBL Group, was awarded Gold for Best In-House Research and Development Unit at theNational Industry Brand Excellence Awards, organised by the Industrial Development Board (IDB), for its exemplary performance and commitment demonstrated in driving innovative solutions and technological advancements that significantly contribute to the expansion of […]
Property Market Shows Signs of Growth Despite High Taxes & Bureaucratic Hurdles
Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax policies will foster […]