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 | 30 August 2024 to 5 September 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Trade deficit widens in July amidst surge in importsSri Lanka’s trade deficit widened by USD 237 million to USD 604 […]
SRI LANKA UPDATE | 23 August 2024 to 29 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Total export earnings for July exceeds USD 1 billionSri Lanka’s merchandise export earnings exceeded USD 1 billion in July, whilst […]
Sourced SRI LANKA Fashion and Textile Trade Show to boost UK apparel exports to over USD 1 Bn
United Kingdom: Sri Lanka is aiming to increase its apparel exports from the current USD 650 million to USD one billion mark via the Sourced SRI LANKA Fashion and Textile […]
Sri Lanka apparel exports account for 3% of UK apparel market
June 18, 2024 The Sri Lankan High Commission has organised and brought in ambassadors, high commissioners and a high level diplomatic community from around 28 countries to attend the Sourced […]
Sri Lanka’s apparel exports to EU reach $417 mn in Jan-Apr 2024
20 Jun ’24 Pic: Adobe Stock Insights Sri Lankan apparel exports to the European Union (EU) reached $417.814 million from January to April 2024. This trade performance raises hopes of […]
July apparel export earnings up 3.3% YoY
27 Aug 2024 Sri Lanka’s apparel sector performance expanded in the month of July from the corresponding period of the previous year, indicating an improvement in the order books. […]
SRI LANKA UPDATE | 9 August 2024 to 15 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The Economy📰 Sri Lanka’s economy boosted by USD 566.8 million in July remittancesIn July 2024, Sri Lanka received USD 566.8 million in […]
SOURCED SRI LANKA 2024
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SRI LANKA UPDATE | 2 August 2024 to 8 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) 💰 The EconomyAsian Development Bank (ADB) grants USD 100 million budget support loan for Sri LankaSri Lanka has signed an agreement with ADB […]
SRI LANKA UPDATE | 26 July 2024 to 1 August 2024
JOINT APPAREL ASSOCIATION FORUM SRI LANKA (JAAFSL) The EconomySri Lanka foreign exchange earnings exceed imports by USD 586 million in JuneSri Lanka’s current foreign exchange earnings from exports, remittances and […]