Category: Industry
Teejay Lanka consolidates in Q2 to post 6-month revenue of Rs 48.6 billion
A doubling of synthetic fabric volumes, higher selling prices and the impacts of the depreciation of the Rupee have generated strong growth for Teejay Lanka PLC, enabling Sri Lanka’s first multinational textile producer to close in on its preceding full-year revenue and profit figures by the end of the second quarter of 2022-23. Teejay Lanka […]
With people rushing for Sri Lanka’s exit, is anyone coming back?
By Jekhan Aruliah In July 2022 the Sri Lanka Sunday Times reported “Pandemonium at passport office”, reporting people sleeping for days in queues waiting to get their papers stamped. The Ceylon Today newspaper reported in September 2022 that “About 2000 doctors have left so far this year due to the current economic crisis”. With so […]
SEC, CSE and IFC host the second Investor Forum in Galle
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE), and the International Finance Corporation (IFC), in partnership with the Australian Government, conducted the second Investor Forum of the year in Galle at Radisson Blu Resort as part of the series of events to celebrate the sixth World Investor Week (WIW) […]
Business Chambers request all parties to call off protests planned on 2nd Nov
Several Business Chambers in a joint statement note with concern that some organizations have called for mass protests on 2 nd November. While recognizing their freedom of speech and right to express views, the Chambers request all parties to call off protests of this nature that could undermine the efforts being taken to resolve the […]
Microsoft launches startup founders hub in Sri Lanka
Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help boost the economy. The Microsoft for Startups Founders Hub is designed to remove traditional barriers to building a company and help founders innovate and grow, regardless of their background, location, progress, […]
SLASSCOM ties up with Information & Communications Technology Association of Jordan
Under the aegis of the Embassy of Sri Lanka in Jordan, an MoU between SLASSCOM and INT@J was signed on 27 October, 2022. The MoU signing took place virtually between Chairman Ashique M. Ali on behalf of the Sri Lanka Association for Software and Services Company (SLASSCOM) and Chairman Amjad Swais for INT@J in the […]
Microsoft launches Founders Hub in Sri Lanka
Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help boost the economy. The Microsoft for Startups Founders Hub is designed to remove traditional barriers to building a company and help founders innovate and grow, regardless of their background, location, progress, […]
Emirates holds assessment days to recruit cabin crew in Sri Lanka
Emirates, the world’s largest international airline, is looking for candidates to join its multinational cabin crew team with an assessment day planned in Colombo on 26 October. The Dubai-based airline is looking for individuals who are passionate about delivering simple yet personalised and impeccable hospitality while creating memorable moments for its customers. Safety being one […]
Mastercard secures 50+ travel offers to support the revival of Sri Lanka’s tourism industry
As the situation in Sri Lanka continues to improve, Mastercard today announced its latest effort to promote the island nation as a safe, affordable destination for inbound travelers. With tourism being a key pillar of the country’s economy, restoring holidaymakers’ confidence and appetite to visit Sri Lanka is the natural next step following the relaxation […]
Free-Trade-Agreements essential to enhancing Sri Lankan apparel’s resilience
With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and Foreign Ministry officials to expedite negotiations on Free Trade Agreements (FTAs) to help boost exports and strengthen he industry’s resilience. Elaborating on the progress thus far, Deputy Chairman of JAAF and Chief […]
SL Purchasing Managers’ Index: Sept 2022 manufacturing PMI decline
Manufacturing PMI declined in September 2022, indicating a setback in manufacturing activities on a month-on-month basis. Accordingly, Manufacturing PMI recorded an index value of 42.6 in September 2022, with a decline of 7.0 index points from the previous month driven by the decreases in all the sub-indices, except Employment and Suppliers’ Delivery Time. The decline […]
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, accountability and transparency on government spending. While the tax hike will invariably impact businesses and private sector employees adversely in the current context of high inflation and negative economic growth, it is […]