The Minister of Industry and Commerce has claimed Rs One Billion compensation with regard to a statement broadcast on a local TV channel that allegedly damaged his image, reputation and good will.more

Lanka Sathosa, the country’s largest state owned retail chain, has expanded its branch network beyond the 400 milestone and began moving for the new target of doubling its branch network on Friday 25 January.more

For the first time in the history of Sri Lankaโ€™s US $550 Mn footwear and leather sector, the industry has come forward to felicitate the Cabinet Minister in charge of it for โ€œinvaluable support and servicesโ€ that he rendered towards its success.more

Sri Lankaโ€™s first ever insurance cover for its artisans and craftsmen will commence this March. The insurance scheme, initially proposed by HE President Maithripala Sirisena in 2017, has been a rallying cry by many local craftsmen for years. Meanwhile, the second national census of the countryโ€™s handlooms sector too ismore

Sri Lankaโ€™s textile and handlooms sector gets a major upgrade this year after many decades when a global technology platform used in complex patterns is presented to domestic craftsmen and designers this year.more

Boosting much needed farmer income and even blocking domestic market manipulations by the countryโ€™s large rice miller oligopoly, Sri Lankan Cooperative System is taking on a new challenge. The Cooperative sector- hitherto been on the rice distribution end- is now stepping in to the countryโ€™s fragmented rice supply chain.more

The Sri Lankan consumer can benefit only when the small scale rice miller is safeguarded. โ€œWe praise Minister Rishad Bathiudeen for promptly looking into this issue and clarifying itโ€ said Namal Karunaratne of Lanka Govijana Sansadaya (All island Farmersโ€™ Federation-AIFF) on 9 January. Karunaratne was speaking after a meeting withmore