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‘Double XL relocates to Reid avenue, a bigger, wider, bolder experience’



Established in 2010, Double XL is Sri Lanka’s first plus-size clothing store. As a pioneer in plus-sized clothing for both men and women, the brand has grown into a household name in Sri Lanka’s fashion industry. Empowering wearers to break the stigma of fuller bodies, Double XL has remained consistent in delivering comfort, unique designs, style, and quality manufactured clothing to customers for over a decade.

Double XL recently relocated its premises to No. 106, Reid Avenue, Thummula Junction, Colombo 4 to customers for an enhanced shopping experience with increased retail space. The new location offers twice as much shopping space and four times as much parking as the previous one, allowing it to showcase a wider range of items to even more visitors.

Double XL Founder and Director Adhisha Dahanayaka, along with Directors Priyan Senerath and Deminthe Dahanayake and the Double XL team, overlook the entire process, from sourcing the fabric up to the final design on the rack. They aim for a clothing range that is aesthetic, comfortable and fashion-forward, while throwing all the outdated rules about what plus-size individuals should and shouldn’t wear, right out the window. There are short dresses, crop-tops, body-con dresses, bold prints, jeans and more, making it easier than ever to fill your wardrobe with quality, chic pieces.

The store design embraces the space’s original details and eccentric layout, proving how much Double XL truly understands its customers’ wants and needs. Armed with the desire to prevent plus-size people from experiencing the fashion frustrations they have long suffered from, the brand fills the gap in the market for the plus-size clothing.

The brand has also debuted its new DXL Teen and DXL Active ranges, after two years of research and development by the team. Designed based on the feedback gathered from plus-sized teenagers and their parents, the new DXL Teen line aims to tastefully meet their preferences, while ensuring the designs remain affordable.

Adhisha further explained, “We’ve noticed teenagers coming to our store and picking out cute and fun outfits, while they would have specific preferences, such as opting for jeans instead of a linen dress. Understanding these preferences, we created the teenage collection to be colourful and fun, while making it affordable.”

Shoppers will find that the two-storey building has been tastefully utilised, with an elegant and cosy interior that fills the added space through artistic ambience. The ground floor holds the lady’s clothing options along with accessories, while the first floor displays menswear, the activewear range and teens clothing.

Additionally, for the first time in Sri Lanka, Double XL has introduced an activewear range for plus-sized individuals under its premium brand DXL Exclusive. The sporting and activewear line consists of tennis skirts, shorts and t-shirts for squash and badminton, gym wear, jackets and more.

Produced in limited-run batches and crafted from high-quality innovative textiles, Adhisha draws inspiration from a deeply personal place and real-life human stories to cater to her clients’ needs. Double XL curates capsule collections of minimalist wardrobe essentials crafted from premium fabrics, and their approach ensures that comfort goes beyond the basics. “I want to thank all my loyal customers and team, without whom we wouldn’t have achieved who we are today. Not forgetting my international and local fabric suppliers, despite the pandemic. They always managed to deliver on time,” Adhisha added.

Their latest collections introduce a wide range of colourful attires and fun prints that are quite different from their usual styles. Expanding to cater to everyone, they seek to deliver a versatile range that strives to include something for everyone.

It doesn’t stop there; Double XL also has a collection of loungewear, pyjamas, accessories, lingerie and footwear, while Exclusive Lines will also be available at the store with a selective range of fragrances, cosmetics and skincare.

You can follow Double XL on Instagram or Facebook to keep up with their latest designs, and make purchases at their physical store or order online via their website.

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CSE expected to maintain growth momentum in the wake of brighter IMF bailout hopes



By Hiran H.Senewiratne

The CSE will be able to maintain its growth momentum with IMF bailout prospects brightening this week. Consequently, foreign inflows to the CSE will improve in the future, Head-Market Development, CSE, Niroshan Wijesundara said.

“To date the CSE has been able to register a 14 per cent growth and with the IMF bailout approval we could expect more foreign inflows into the market, Wijesundera told the Island Financial Review.

Amidst these developments the market ended on a positive note at the end of yesterday. Initially there were mild profit- takings but this did not negatively impact the overall performance of the market.

Accordingly, shares edged up in mid-day trade yesterday while investors adopted a wait- and -see approach as the country looked forward to IMF approval on the Extended Fund Facility towards the end of this week.

“Investors are on a wait- and- see approach as the IMF is likely to approve the US$ 2.9 billion dollar loan, market analysts said.

“Selling pressures have eased and now buying sentiments are improving, analysts said.

The ASPI went up by 29.54 points, while the most liquid S&P SL20 index rose by 15.7 points. Turnover stood at Rs 1.8 billion with three crossings. Those crossings were reported in Hemas Holdings, which crossed three million shares to the tune of Rs 199 million, its shares were quoted at Rs 65, Hayleys 738,000 shares crossed for Rs 59.8 million, its shares traded at Rs 31 and JKH 290,000 shares crossed for Rs 42 million, and its shares fetched Rs 141.

In the retail market top seven companies that mainly contributed to the turnover were; Browns Investments Rs 209 million (30.8 million shares traded), JKH Rs 84.6 million (584,000 shares traded), Access Engineering Rs 79.5 million (4.9 million shares traded), LOLC Finance Rs 75.4 million (10.9 million shares traded), Union Bank Rs 62.9 million (6.7 million shares traded), Expolanka Holdings Rs 60 million (420,000 shares traded) and SLT Rs 57.5 million (687,000 shares traded). During the day 98.7 million share volumes changed hands in 20000 transactions.

Top gainers during mid- hours were Commercial Bank, Browns Investment and Access Engineering. Access Engineering is an unusual top contributor and this is because interest had been generated in it after assurances had been given on the IMF deal and there is an assumption that multilateral projects are likely to begin with the IMF restructuring process coming to a close, market analysts said.

Sri Lanka’s growth will be contained at a negative 3 per cent in 2023 after a 12.4 per cent shrinkage in the fourth quarter of 2022 and is expected to turn positive from next year, State Minister of Finance Ranjith Siyambalapitiya said. Siyambalapitiya told reporters on March 18 that Sri Lanka can expect a “positive economy” in 2024.

Yesterday the rupee opened stronger and was quoted at around Rs 330/338 to the US dollar, stronger from Friday’s close of Rs 337/345 to the US dollar, dealers said.

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“Surfing Through the Crisis”



EY Sri Lanka, is scheduled to host a discussion ‘Debt Restructuring Implications to the Financial Services Sector’, on March 22, from 08:45 am to 12:30 pm at The Kingsbury Colombo. The session branching under the theme, ‘Surfing through the Crisis’, is designed specifically for CEOs, CFOs, and CRO of the financial sector, as well as the chairpersons of the Audit Committee and the Board Integrated Risk Management Committee. The event hopes to create value for Sri Lanka’s financial sector amidst the prevailing economic challenges. As the largest service providers to the financial sector in terms of audits, tax, consultancy, and strategy & transaction, EY Sri Lanka feels compelled to assist the financial sector as they navigate the challenges of the economic crisis.

Despite the expected positive outcomes of debt restructuring, the process itself can be painful for the country, financial institutions, debtors and creditors. To the financial services sector specifically it could bring several challenges to capital management, financial reporting, Credit Risk and Liquidity Risk management strategies.

This session will explore these implications, under two technical segments, from Risk Management and Accounting lenses, and the mechanisms required for an effective transition. From a Risk Management perspective there will be several simulations on how it affects the financial institution’s capital and profitability whilst the accounting perspective will include discussions relating to how the debt restructuring process shall be accounted for in line with SLFRS 9 Financial Instruments.

The event will be conducted by Manil Jayesinghe, Country Managing Partner of EY Sri Lanka and Maldives, and Rajith Perera, Partner Financial Accounting Advisory Services EY Sri Lanka. To register for the session, or for further inquiries please contact Nurani Rajapaksha (

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Participants of Raid Amazones 2023 arrive from Paris on SriLankan Airlines



The participants of the adventure trail ‘Raid Amazones 2023’ arrived at Bandaranaike International Airport on SriLankan Airlines’ flight UL 564 from Paris. SriLankan Airlines is the Presenting Partner of Raid Amazones and extended a warm welcome with a traditional flare to the arriving group.

The group boarded the Udarata Menike train from the Gampaha Railway Station shortly thereafter for a scenic journey to Kandy, where the trail will unfold from 22 – 28 March.

Raid Amazones is the world’s only itinerant women’s adventure race. Nearly 250 female athletes will be participating in the 21st edition of the trail in Kandy.

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