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Monday June 3rd, 2024
General Industry

Sri Lanka beer battle to froth after Heineken purchase

Will require new investments

November 20, 2023 3 min read

Distilleries Company of Sri Lanka to buy Heineken beer

Heineken brands to be produced by Distilleries

November 17, 2023 1 min read

Sri Lanka’s Tess Agro opens tin can plant

Tess Agro said it commenced a tin can manufacturing at its factory premises in Kelaniya.

November 16, 2023 2 min read

Sri Lanka suspends licenses of five alcohol firms over unpaid taxes

The firms owed 6.7 billion rupees including fines

November 7, 2023 2 min read
Sri Lanka wants university research to lead to commercially viable products

Ministry of Industries pushes universities, business to work together to produce exportable, commercially-ready products

Sri Lanka to raise fines after high inflation

Old fines do not match the recent substantial rises in prices of goods and services, only small fines are made: Minister

Sri Lanka cancels 1,200 acre land lease to non-starter Hambantota refinery

A 420,000 barrels a day refinery was proposed

August 15, 2023 1 min read

Sri Lanka warned that 12-month mining permit would make investors "run away"

Because that is too much of a risk for someone to come and invest

Nethmi Rajawasam
August 3, 2023 3 min read

Sri Lanka mineral industry kept down by unusual export value added tax

In Sri Lanka royalties are charged on the free on board (export) price of the mineral, not the pithead price

Nethmi Rajawasam
August 3, 2023 3 min read

Australia keen to invest in Sri Lanka phosphate, graphite, ilmenite sectors: High Commissioner

Australian firms interested in phosphate, graphite and ilmenite

July 28, 2023 2 min read

Sri Lanka apparel factories running below capacity, 20-pct drop in orders

Sometimes they have to stop a production line, or operate below capacity

Chanka Jayasinghe
May 28, 2023 3 min read

Sri Lanka's Teejay Lanka net down 82-pct in March 2023 quarter

Finance costs up

May 18, 2023 1 min read

Sri Lanka start-up takes handlooms to premium neckwear market

Global neckwear market estimated at US$5.7bn

April 2, 2023 1 min read

Sri Lanka seeks development agency backing for CEB reforms

"A reforms office will be opened at the Ministry of Power & Energy to see through the transformation."

February 24, 2023 2 min read

Sri Lanka bakers hold bread prices after power hike on demand fall

The current prices are too high and if we increase it more it will result in further downfall of the business

February 17, 2023 3 min read

Sri Lanka President launches assembled Hyundai car amid economic crisis

The introduction of this vehicle takes place at a time when Sri Lanka's economy collapsed

February 11, 2023 2 min read
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Sri Lanka's Teejay Lanka Rs365mn in the red as Fed tightens

The Group observed capacity underutilization in all three plants due to the softness in the market

February 9, 2023 2 min read

Sri Lanka’s Litro Gas hikes cooking gas price by 7.5-pct

Litro Gas is raising fuel through a price formula every month to prevent losses and borrowings

February 5, 2023 1 min read

Indian yarn smuggled to Sri Lanka in currency crisis too expensive: Minister

Department of Textiles looking at import substitutes

December 1, 2022 2 min read

Sri Lanka mulls hi-tech circulator buses without conductor: Minister

Quality of public buses is low - except on expressways - due to regulated pricing and a rigid licensing system.

October 27, 2022 2 min read
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Sri Lanka to end import bans on cosmetics, motor spares: Minister

Following appeals bans on 708 items had been lifted

October 22, 2022 2 min read
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Coca Cola Sri Lanka returns to re-usable glass bottles in currency crisis

There is shrinkage in consumer spending and people are making choices

Neshella Perera
October 21, 2022 2 min read

Sri Lanka President calls for steady national policies

Opens phama laboratory

October 11, 2022 3 min read

Sri Lanka firm launches low-cost sanitary napkins for schoolgirls in currency crisis

Pack to sell at Rs140

October 4, 2022 1 min read

Sri Lanka CAA raw material control orders to private firms

If excess stocks are found the companies the CAA will decide what to do with the stocks.

September 1, 2022 2 min read

Sri Lanka's bakers want price controls on poultry farmers in shortage solution

Egg price is rs.65 and flour per kg is rs.310.

Neshella Perera
August 14, 2022 3 min read