News
Brandix excels at export awards
Brandix was recognised for leading Sustainable Development in Exports from Sri Lanka, at the Presidential Export Awards 2023 held yesterday. The seven-time winner of the Exporter of the Year award organised by the Export Development Board, Brandix, received the accolade from President Ranil Wickremesinghe highlighting the collective effort of 60,000 staff to drive quality manufacturing in Sri Lanka’s apparel sector.
Brandix received the accolade for its contribution to Sustainable Development in Exports for the period 2021/22 and was recognised for its role in Large Category Apparel Exports in 2021/22 and 2022/23. The Presidential Export Awards are the most prestigious awards presented by the President to exporters in recognition of their outstanding contribution to the export sector and to the economic development of the country.
Brandix has led Sri Lanka’s apparel industry for over five decades, delivering apparel solutions to world-renowned brands. Brandix also holds the distinction of being the first Net-Zero Carbon apparel manufacturer in the world, with six of its facilities now certified Net-Zero. The company will convert all its manufacturing facilities around the world to Net-Zero by 2030.
News
Import and Export (Control) Regulations No. 08 of 2026
The Ministry of Industries and Entrepreneurship Development has recommended the establishment of Sri Lankan Standards, i.e. the import testing methodology for imported tires used for passenger cars and pneumatic tires for three-wheelers with the aim of ensuring a fair competitive environment for local
manufactures and ensuring consumer safety and security.
Taking into the said recommendations, “Import and Export (control regulations N0.08 of the 2026)” has been enacted to amend the existing regulations by means of the Extraordinary Gazette Notification No. 2508/27 dated 2026-10-01, prescribing Sri Lanka standard 1212 for the import of passenger types (HS Code 4011.10.90) and Sri Lanka standard 1347 for the import of
pneumatic tires for three – wheeled vehicles (HS Code 4011.90.10).
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to submit the aforementioned regulations to Parliament for approval.
News
Draft Bill of the Public Private Partnership Enterprises Act to be gazzetted
Approval of the Cabinet of Ministers was granted at their meeting held on 02.06.2025 to introduce a new act to promote and providing legal provisions for facilitating the Public Private Joint Enterprises within Sri Lanka as well as the establishment of the National Agency for Public Private Partnership Joint Enterprises.
Accordingly, the Legal Draftsman has formulated the relevant draft bill and the Attorney General has given his clearance to the said draft bill.
The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to publish the said
draft bill in the government gazette notification and thereby submit it to the Parliament for its concurrence.
News
Amendment of the Ayurvedha Act No. 31 of 1961
Regulation, development and control of indigenous medical sector in Sri Lanka comprised of Ayurvedha, Sidhdha, Unani, Local Therapies are carried out under the provisions of Ayurvedha Act No. 31 of 1961.
Although amendments were made to the act from time to time as per the requirements, the necessity of further amending the Ayurvedha Act has been identified to enable efficiently maintaining all activities of local medical field productively, further formalizing the regulation of the sector, taking actions to providing licenses applicable to export of local medicines, and achieving the progress and sustainable development goals in the local medical sector.
Based on the said factors, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Health and Mass Media to direct the Legal Draftsman to formulate a draft bill to amend the Ayurvedha Act No. 31 of 1961.
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