Tag: lbo
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 […]
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 […]
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 […]
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 […]
She shapes the fabric: Women lead the charge in Sri Lanka’s apparel industry transformation
In the heart of Sri Lanka’s bustling apparel sector, where fabrics are woven into garments that travel the world, a quieter revolution is taking place. This revolution isn’t marked by grand speeches or flashy headlines. This transformation isn’t driven by grand speeches or flashy headlines. It unfolds quietly, one story at a time, as a […]
MAS Holdings to gain greater access to growing Indian market with expansions in Odisha, India
MAS Holdings, South Asia’s largest apparel manufacturer, marked a significant milestone in its global expansion by breaking ground for its first facility in the state of Odisha, India. This strategic initiative builds on MAS’ long-standing presence in India while strengthening its regional production capabilities and giving it a strong foothold to access the fast-growing Indian […]
GoviLab AgriTech accelerator : Empowering Sri Lankan farmers through technology
The Regional Demo Day of the GoviLab AgriTech Accelerator concluded successfully on the 2nd of March 2025, at the Farm Mechanization Training Centre in Anuradhapura. The event brought together over 3,000 participants, including farmers, government officials, private sector representatives, and members of the public, to witness the demonstrations of ten innovative Agri-Tech solutions developed by […]
Capital Trust Properties (Pvt) Ltd. joins Leading Real Estate Companies of the World®
Capital Trust Properties (CTP), recognized as the largest property transaction company in Sri Lanka and a one-stop shop for all real estate services from A to Z, announced its membership in Leading Real Estate Companies of the World® (LeadingRE), the premier global network of independent residential real estate brokerages. This landmark partnership reinforces CTP’s commitment […]
Gourmet Galle welcomes Tom Parker Bowles to Colombo and Galle
Gourmet Galle hosts Tom Parker Bowles, son of Queen Camilla, at 1864, Galle Face Hotel in Colombo for an unforgettable Royal Banquet. Gourmet Galle brings its signature culinary extravagance to Colombo, welcoming the award-winning food writer, renowned restaurant critic, and royal food historian. Known for his deep dive into the tastes and traditions of the […]
JAAF welcomes budget 2025, calls for caution on removal of SVAT
Similarly, initiatives such as the National Single Window, e-cargo tracking, scanners, revisions to Customs law, and improvements in logistics and Customs yards are crucial steps toward enhancing ease of doing business. Measures such as revisiting the Economic Transformation Act and introducing the proposed Investment Protection Bill will further strengthen investor confidence and drive export growth. […]
HP unveils the next evolution of large format printing to Sri Lanka
HP has introduced the HP DesignJet Smart Tank T908 MFP and T858 SFP, the first large-format ink tank printers in Sri Lanka, exclusively distributed by The Technocity (Pvt) Ltd. Designed for Architecture, Engineering, and Construction (AEC) professionals and copy shops, who increasingly work in a hybrid environment. This new 36-inch HP DesignJet portfolio delivers cost-effective, high-speed printing with industry-leading security. “The AEC industry operates in a […]
Ceylon Chamber of commerce unveils outlook 2025 report
The 10th Annual Outlook Report 2025 was officially launched by the Ceylon Chamber of Commerce at the Economic Review and Outlook 2025 seminar. This year’s theme, “Consolidating Stability; Fostering Sustainable Growth”, encapsulates Sri Lanka’s progress toward economic recovery and resilience. The keynote address was delivered by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank […]