SRI LANKA UPDATE | 23 February 2024 – 29 February 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) Central Bank shifts focus to medium-term inflation strategy The Economy The Central Bank announced a strategic shift in focus on inflation from near-term […]
SRI LANKA UPDATE | 19 January 2024 – 25 January 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) The Economy Central Bank of Sri Lanka (CBSL) keeps policy rates steady to tame inflation CBSL decides to maintain interest rates from 9 […]
Exports to all traditional mkts but UK tumble
UK saves situation with 13pc growth in H2 MONIRA MUNNI | January 22, 2024 Apparel shipments to the UK showed an exception with a double-digit growth amid a downturn in […]
Red Sea disruption sees apparel shippers switch to air.
By Alex Lennane | 19/01/2024 https://theloadstar.com/high-fashion-red-sea-disruption-sees-apparel-shippers-switch-to-air/ It has begun. Forwarders are finally seeing air cargo demand rise as shippers look to avoid the disruption in the Red Sea – with garment makers leading […]
SRI LANKA UPDATE | 12 – 18 January 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) The Economy President discusses effective progress of debt restructuring at Business Roundtable in Switzerland President Ranil Wickremesinghe highlighted Sri Lanka’s economic recovery during […]
Marks & Spencer initiate digital transformation of clothing operations
by Apparel Resources News-Desk 16-January-2024 | Apparel retailer Marks & Spencer has embarked on a digital transformation journey by teaming up with o9 Solutions, a software platform provider. The collaboration aims to […]
SRI LANKA UPDATE | 05 January 2024 – 11 January 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) The Economy Sri Lanka’s economy to expand by 1.7 per cent in 2024, 2.4 per cent in 2025: World Bank Sri Lanka’s economy […]
Apparel sector eyes US $ 1bn exports to India in next few years
DailyMirror – By SHABIYA ALI AHLAM Sri Lanka’s apparel sector has no major hopes for export earnings reaching the US$6 billion level this year; however, it is striving to bag a bigger […]
SRI LANKA UPDATE | 30 SEPTEMBER – 6 OCTOBER 2022
SRI LANKA UPDATE | 12 July 2024 to 18 July 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy 📰 Electricity tariff slashed by 22.5 percent The Public Utilities Commission of Sri Lanka (PUCSL) announced a 22.5 percent electricity […]
SRI LANKA UPDATE | 5 July 2024 to 11 July 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy 📰 Migrant workers send USD 3.14 billion boosting Sri Lanka’s remittances Migrant workers have collectively sent USD 3.14 billion to […]
SRI LANKA UPDATE | 28 June 2024 – 4 July 2024
The Economy *Sri Lanka has finalised a restructuring agreement for a USD 12.5 billion bond closure* Sri Lanka has successfully concluded its discussions with the bondholders, reaching an agreement on […]
SRI LANKA UPDATE | 21 June 2024 – 27 June 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Sri Lanka finalises debt restructuring agreement with international creditorsSri Lanka announced the successful conclusion of debt restructuring talks, securingdeals to […]
SRI LANKA UPDATE | 14 June 2024 – 20 June 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 The International Monetary Fund (IMF) approves Second ReviewThe IMF has approved the Second Review of Sri Lanka’s Extended Fund Facility […]
SRI LANKA UPDATE | 31 May 2024 – 6 June 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL)SRI LANKA UPDATE | 31 May 2024 – 6 June 2024 💰 The Economy📰 International Monetary Fund (IMF) Board to take up Sri Lanka […]
SRI LANKA UPDATE | 17 May 2024 – 31 May 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL)SRI LANKA UPDATE | 17 May 2024 – 31 May 2024 💰 The Economy📰 Finance Minister announces that economy has stabilized and growth is […]
SRI LANKA UPDATE | 03 May 2024 – 10 May 2024
The Economy:Sri Lanka container volumes rise to nearly 50 percentIn the first quarter of 2024, the Sri Lanka Ports Authority (SLPA) reported a significant 48 percent increase in container volumes, […]