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 […]
Indian Textile Association to host sustainability event in Jan ’24
INSIGHTS The Textile Association (India), Mumbai unit, has announced that it is organising an international conference titled ‘Sustainability and Circularity—The New Challenges for The Textile Value Chain’ on Wednesday, January […]
Bangladesh RMG exports to US dip 23.33% in Jan-Sep, India’s dip 21.91%
INSIGHTS Bangladesh’s apparel exports to the United States fell by 23.33 per cent year on year (YoY) to $5.78 billion in the first three quarters this year amid slow demand […]
Ethical Fashion Trade Groups Push Bangladesh Prime Minister on Minimum Wage
By 16 November 2023 Organisations representing more than 2,500 international brands, retailers and suppliers said the country’s new minimum wage for garment workers is too low to basic needs. Ethical […]
82% of US shoppers to buy online in 2023: Survey
INSIGHTS The number of consumers in the US planning to do at least some of their holiday shopping online rose to 82 per cent in 2023, as per a survey. […]
Apparel Buyers’ Association (SLASA) emphasizes regaining status of being ‘competitive, reliable and in a safe pair of hands’
August 2023 – Colombo, Sri Lanka – The Sri Lanka Apparel Sourcing Association (SLASA) held a sundown meeting with the objective of moving beyond immediate challenges facing the apparel industry […]
SRI LANKA UPDATE | 08 – 14 SEPTEMBER 2023
SRI LANKA UPDATE | 08 – 14 SEPTEMBER 2023 The Economy: Government defers controversial Simplified Value-Added Tax (SVAT) – The Cabinet of Ministers accepted the modification of the relevant provisions’ implementation […]
SRI LANKA UPDATE | 01 – 07 SEPTEMBER 2023
SRI LANKA UPDATE | 01 – 07 SEPTEMBER 2023 The Economy: Government confident of receiving International Monetary Fund (IMF) second tranche amid progress – Cabinet Co-Spokesman expressed optimism on the Government’s chances of […]
SRI LANKA UPDATE | 25 – 31 AUGUST 2023
SRI LANKA UPDATE | 25 – 31 AUGUST 2023 The Economy: Sri Lanka’s July exports decline by 12 per cent YoY (year on year) to USD 1 billion – While Sri […]
SRI LANKA UPDATE | 11 – 17 AUGUST 2023
SRI LANKA UPDATE | 11 – 17 AUGUST 2023 The Economy: International Monetary Fund (IMF) team due to arrive in Sri Lanka in September – A delegation from the IMF is […]