SRI LANKA UPDATE | 17 January 2025 – 23 January 2025

The EconomyManufacturing and Services sectors strengthen in December 2024Sri Lanka’s manufacturing and services sectors improved in December 2024, according to theCentral Bank’s Purchasing Managers’ Index (PMI). The Manufacturing PMI rose to 57.2,reflecting continued expansion in manufacturing activities, while the Services PMI surged to71.1, signaling a significant boost in services sector performance.Link: https://tinyurl.com/y7b4jz5t Ministry of Energy […]

Coats Group set to reach 50 per cent sustainability milestone

by Apparel Resources News-Desk 15-March-2025  |  3 mins read Coats Group, a manufacturer of thread, is about to surpass the tipping point where 50 per cent of its goods will be made from preferred raw (non-virgin oil-based) resources. The company is ahead of schedule in its shift to the sustainable use of materials, energy, water, waste, and people, […]

Sri Lanka apparel sector to gain from new US tariffs

By Sunimalee Dias View(s): 3574 With the US imposing new tariffs on a number of different countries it would have a beneficial impact on states like Sri Lanka as buyers are now re-looking at their global supply chains and shifting orders. MAS Holdings CEO Suren Fernando speaking with The Sunday Times Business on Monday said that […]

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 to borrow a USD 100 million budget support loan,linked to power sector policy reforms, the Finance Ministry said. The reforms supportindependent and financially sustainable electricity […]