Search Results for: Sri Lankan

THE EUROPEAN Commission has included four American external territories – Puerto Rico, the US Virgin Islands, Guam and American Samoa – on a proposed blacklist of weak AML/CFT jurisdictions released today (Feb 13).

Brussels’ updated list includes 12 countries that are viewed with concern by the Financial Action Task Force (FATF) – the Bahamas, Botswana, North Korea, Ethiopia, Ghana, Iran, Pakistan, Sri Lanka, Syria, Trinidad & Tobago, Tunisia and Yemen. …

WITH the Asia-Pacific coatings market and industry being one of the most dynamic worldwide, experiencing continuous robust growth, the potential for additives to give brands an edge in seizing market share is increasingly important.

Backed by buoyant construction, automotive and marine industries across the Asia Pacific, the region’s paint and coatings additives market is showing promising growth, analysts say.…

With manufacturing technology advancing at an ever-faster pace, sports apparel companies need to constantly look for ways to embrace new techniques to compete in a constantly changing landscape, an international industry meeting has been told.

Sustainability, blockchain and Industry 4.0 are three of the most important trends being considered by brands and their suppliers, and they were focal points at the sixth World Manufacturers Forum (WMF), organised by the World Federation of the Sporting Goods Industry (WFSGI) in Ho Chi Minh City, Vietnam from December 11-12.…

CHINESE exports of knitted fabrics have been hit by major USA duties in the latest round of tit-for-tat tariffs imposed in the countries’ ongoing trade war. China exported USD470 million’s worth of knitted and crocheted fabrics to the USA in 2017, according to international trade data.…

SRI LANKA’S knitwear industry is insisting that despite the country’s current political turmoil over who should lead its government, its business is operating smoothly, noting that it had managed to maintain commerce during the country’s 26 years-long civil war that ended in 2009.…

BY this time next year, there could be as many as 30 garment manufacturing factories that are owned and operated by Asia-based companies in Haiti, according to Georges Sassine, president of the Association des Industries d’Haïti (ADIH).

The Caribbean country has seen an influx of Asian-owned businesses since early 2017 and Sassine said there are presently almost 20 such garment factories in Haiti.…

Malaysia’s newly elected government, in power from May, led by Prime Minister Dr Mahathir Mohamad, came to power in part as to clear draft and corruption from the country. How well is it performing? Poorna Rodrigo reports.

The Mahathir government has pledged a whole raft of measures to fight corruption.…

The Airports Authority of India (AAI) will take over a controlling stake of Sri Lanka’s second international airport, Mattala Rajapaksa International. With few flights currently arriving ore departing. The AAI will have a 70% stake, with the remaining 30% expected to be owned by the Sri Lankan government, which would retain control over what airlines landed and departed from Mattala Rajapaksa, in southern Sri Lanka.…

AS China’s retreat from mass market clothing production continues, Bangladesh knitters are eyeing another added value knitwear niche – sportswear. Following the industry’s success in boosting sales within the profitable lingerie segment, Bangladesh manufacturers are ramping up production in sports apparels, although some experts say that work is needed on boosting its supply chain, particularly of manmade fibres.…

India’s new Goods and Services Tax (GST) system has severely disrupted tax refund payments and duty drawbacks to exporters, leading to higher production costs and a 30% dip in knitwear exports, experts have warned.

Since its adoption in July 2017, the new value added tax system has been criticised for its complexity – with the knitwear sector having to deal with four separate tax brackets – and forcing small business to invest in online accounting infrastructure that they cannot afford and are ill equipped to manage.…