JAAF Statement on the Revised U.S. Tariff Structure
The Joint Apparel Association Forum (JAAF) welcomes the revised reciprocal tariff rate of 20% on Sri Lankan exports to the United States and commends the Government of Sri Lanka for its steadfast efforts in securing this critical outcome for the apparel sector. We extend our sincere gratitude to His Excellency President Anura Kumara Dissanayake for […]
Ceylon Chamber of Coconut Industries applauds Government for securing 20% tariff rate on US exports
The Ceylon Chamber of Coconut Industries extends its sincere appreciation to President Anura Kumara Dissanayake and the negotiating team for securing a reduced 20% reciprocal tariff from the United States. As our largest export market for coconut products, this achievement marks a critical win for the industry, helping Sri Lankan exporters compete more fairly with […]
nVentures Emerges as Sri Lanka’s First MAS-Licensed Foreign VC, Investing Over US$1.5 Million in Sri Lankan Startups
COLOMBO, July 31, 2025 — In a major milestone for Sri Lanka’s startup ecosystem, nVentures has emerged as the country’s first foreign venture capital firm to be licensed by Singapore’s Monetary Authority (MAS) and actively invest in local startups. In just three years, the firm has backed six Sri Lankan ventures, delivered a portfolio exit, […]
Sri Lanka’s Textile and Apparel sector strengthens ESG transparency with new GRI-backed initiative
A new sustainability initiative is set to enhance the resilience, competitiveness, and global standing of Sri Lanka’s apparel sector. The Improving Transparency for Sustainable Business (ITSB) programme, jointly launched by the Global Reporting Initiative (GRI) South Asia, the Sustainable Development Council (SDC) of Sri Lanka, Sri Lanka Export Development Board (EDB) and the Joint Apparel […]
Sunshine Holdings reports 11.6% YoY top-line growth in 1QFY26
Core operational improvements drive performance across Healthcare, Consumer, and Agribusiness sectors • Consolidated revenue of LKR 15.9 billion • Healthcare revenue up 14.0% YoY to LKR 8.6 billion • Consumer revenue up 3.7% YoY to LKR 4.8 billion • Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion August 03, 2023: Diversified Sri Lankan […]
Bring home Samsung’s 32-inch HD Smart TV with a slim-look display for an undisrupted content viewing experience
Samsung, the No.1 Global TV manufacturer for 19 consecutive years provides the 32-inch high-definition TV with a slim-look display offering entertainment without boundaries along with a range of smart features. This TV has been designed to deliver an impeccable viewing experience to consumers looking for a compact yet feature-loaded television for their dynamic needs at […]
WealthOS achieves prestigious WealthTech100 recognition for third consecutive year
COLOMBO, Sri Lanka: WealthOS, a pioneering cloud-native operating system (SaaS) for digital wealth management products, today announced its inclusion in the prestigious global WealthTech100 list for the third year running. The WealthTech100 is an annual list curated by FinTech Global, identifying the 100 most innovative wealth tech companies in the world. With over 1,200 tech […]
SLAEA hosts high-level forum on EU CSDDD: Strengthening sustainable trade through compliance and collaboration
Colombo, July 2025 – The Sri Lanka Apparel Exporters Association (SLAEA) hosted a high-level industry forum on July 9 at the Jetwing Hotel in Colombo 07, bringing together a diverse group of stakeholders to explore the growing relevance of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD). Designed to strengthen awareness and preparedness, the […]
Top Intl’ Hospitality Professional Rahul Pavithran Appointed Head of Sales & Marketing at ITC Ratnadipa, Colombo
Colombo, Sri Lanka – ITC Ratnadipa Colombo has appointed international hospitality professional Rahul Pavithran as Head of Sales & Marketing in a strategic move to strengthen the hotel’s market position. A seasoned professional, Rahul possesses over 17 years of experience in hospitality sales and marketing, demonstrating a proven ability to drive revenue growth, enhance brand […]
APB Leads Dialogue on Technology and Cyber Risk Supervision Shaping a Resilient Digital Future
The accelerating pace of digital transformation has brought the financial services industry to a defining juncture, where the growing threat of cyber risk increasingly shadows the opportunities of technological advancement. This pressing reality was at the forefront of a high-level panel discussion held recently, organised under the Continuing Professional Development Committee (CPDC) of the Association […]
