September 12, 2023
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12min
      Just as economic reforms must take the long-term view, so should policy for the apparel industry By Yohan Lawrence – Secretary General, Joint Apparel Association Forum In The State of Fashion Report 2023, global consulting company McKinsey, estimates that the fashion industry will grow at two speeds: between 5 and 10 per […]

June 20, 2023
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6min
      10 apparel factories belonging to Vogue Tex, Orit Apparels and Hela Clothing hosted the pilot project 106 women in the apparel sector trained in essential technical and soft skills necessary for their progression and success in leadership roles Over 70% of participants experienced promotions from machine operators to supervisory and executive-level positions […]

May 15, 2023
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4min
      15th May 2023: In 2020, the Hirdaramani Group announced their Future First initiative, a truly ambitious and comprehensive Sustainability Roadmap for 2025. As part of their commitment to transparency and accountability, the Group has released their second annual Sustainability Report with detailed data-driven updates on Hirdaramani’s progress in 2022 towards achieving the […]

May 15, 2023
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5min
      MAS Foundation for Change, the non-profit arm of South Asian apparel tech conglomerate, MAS Holdings, announced direct-to-consumer intimate apparel brand Adore Me, a Certified B Corporation™, as the funding partner for its recently launched mangrove restoration project. Sri Lanka, where the MAS Foundation for Change is headquartered, is a mangrove hotspot, home […]

May 15, 2023
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2min
      Colombo, Sri Lanka, Affirming the company’s unwavering dedication to ensuring a trajectory towards net zero by 2050, Hela Apparel Holdings received the ISO 14064-1:2018 certification for quantification and reporting of greenhouse gas emissions across the Group, for the second consecutive year. A comprehensive group-wide GHG inventory assessment was carried out, taking into account […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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