Trade preferences are often spoken of as though tariff cuts alone can remake an industry. They cannot. Preferences matter only when firms are able to use them. That is what makes the United Kingdom’s revised Developing Countries Trading Scheme (DCTS), effective from January 1, 2026, important for Sri Lanka’s apparel sector. It offers more than […]
Category: Industry
Sri Lanka’s apparel sector holds steady despite global slowdown
Sri Lanka’s apparel exports recorded a broad-based decline in February 2026, reflecting increasing pressure across key global markets. Total exports for the month fell by 11.46% year-on-year to US$ 361.2 million, with notable contractions in the EU (-19.48%), USA (-3.53%), UK (-5.67%), and other markets (-18.54%). This trend extends into the cumulative performance for the […]
Sri Lanka’s banking leaders convene in Colombo to tackle rising fraud risks in digital payments co-hosted by IFINITY and BPC
Senior leaders from Sri Lanka’s banking sector convened in Colombo on 17 March for the “Fraud Management Deep Dive 2026”, co-hosted by IFINITY, a BFSI-focused digital transformation partner and system integrator, together with BPC, a global leader in payment solutions. The forum focused on how financial institutions can strengthen fraud risk management as digital payments […]
MAS advances Plan for Change strategy as Texo and Noyon facilities become bluesign® System Partners
MAS Holdings, Sri Lanka’s largest apparel manufacturer, announced that two of its subsidiaries, Texo (Pvt) Ltd, a cotton fabric processing mill, and Noyon Lanka, a knitted lace manufacturer, have officially become bluesign® System Partners, marking a significant step forward in the company’s commitment to responsible, future-ready manufacturing. With these two facilities achieving bluesign® System Partner status, […]
To reach US$8 billion, Sri Lanka apparel must grow differentlyBy Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF)
Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust, and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation remains one of our greatest strengths. But the next […]
INSEE Ecocycle Champions Sustainability Hosting Circularity Summit 2026 & Future 360 CEO Forum
INSEE Ecocycle is set to convene an important series of events during March, establishing Sri Lanka as the leader in circular economy and resource efficiency transformation and sustainable industrial development in Sri Lanka. These events represent a milestone in the country’s journey toward circular Economy adoption, sustainable manufacturing, and environmental stewardship. On 19 March 2026, […]
Event Management Association of Sri Lanka Celebrates International Women’s Day with Elegant High Tea at ITC Ratnadipa
To honor the vital contributions of women within the professional events industry, the Event Management Association (EMA) of Sri Lanka hosted an elegant High Tea recently at the Ahasa, ITC Ratnadipa. The afternoon served as a dedicated tribute to the strength, creativity, and leadership of women who drive the industry forward. The event brought together […]
Fortune GP Farms Strengthens Poultry Sector Performance Standards Through Global Collaboration
Reinforcing its commitment to advancing measurable production standards across Sri Lanka’s poultry value chain, G P Farms Lanka Limited, which is a joint-venture between Bairaha Farms PLC and Crysbro group, recently conducted a two-day technical workshop/seminar in collaboration with global breeding leader Cobb Vantress. The programme brought together technical specialists from Cobb Vantress operations in […]
DPMC opens Workshop Express in Ambalangoda, strengthening after-sales network and technical education support
Continuing to strengthen its islandwide after-sales network, David Pieris Motor Company (Private) Limited (DPMC) ceremonially opened the DPMC Workshop Express in Ambalangoda. Strategically located at No. 24, Galle Road, Urawatta, Ambalangoda, the new Workshop Express is positioned in a highly convenient and easily accessible location, ensuring seamless access for Bajaj customers in the area. Conveniently […]
Private Healthcare Leaders, Policymakers and Experts Convene at APHNH Healthcare Leadership Summit 2026
The Association of Private Hospitals and Nursing Homes (APHNH) successfully concluded its 1st Healthcare Leadership Summit 2026 on 9 March 2026 at Waters Edge, Colombo, bringing together hospital leaders, policymakers, regulators, insurers, investors, and international experts to discuss practical, implementable priorities for Sri Lanka’s healthcare sector. The APHNH, established in 1972, is the recognised representative […]
