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Sunday, 12 June 2016

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Innovations and inventions in the apparel industry: Technological innovations in the apparel industry were introduced at the Apparel Industry Suppliers Exhibition (AISE X) which concluded in Colombo yesterday. The organizers have revived AISE X after a lapse of seven years, mainly due to the recent visit by the EU delegation and the prospect of GSP plus. The industry is seeing rapid growth in terms of production. Sri Lanka is still considered as a favourite sourcing destination due to its best practices and ethical manufacturing (garments without guilt).

Flexi working hours to ease traffic jams

Huge private sector support for Govt plan:

The private sector will support the Government’s decision to introduce flexible working hours as a solution to ease traffic congestion in the city. Chairman, Ceylon Chamber of Commerce, Samantha Ranatunga said the proposal will have huge support from the private sector.

 

Singapore Port interested in investing in Colombo

East Container Terminal:

As the Sri Lanka Ports Authority (SLPA) last week called for Expressions of Interest for the East Container Terminal (ECT) of the Colombo Port, the Business Observer learns that several key players have shown keen interest in coming to Colombo. A senior government Minister said among the interested parties is the Port of Singapore Authority (PSA),

 

Govt eases burden on insurance industry

The burden on the insurance industry is less as the government has decided to pay compensation for loss and damage of property to the victims of the ammo dump fire at the Salawa army camp in Kosgama. Insurance industry officials said there will not be an adverse impact on the insurance industry as the government has undertaken to provide relief to those affected.

 

Technology initiative for tea trade

The Commercial Bank of Ceylon’s participation in an initiative in Sri Lanka’s tea plantation sector to automate the process of procurement of tea leaves and settlement for bought leaf will result in sophisticated technology and banking services reaching a largely under-served segment.

 

 


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