Search Results for: Sri Lankan

INTRODUCTION

ACCOUNTING used to be restricted to financially measurable matters of profit and loss; expenditure and revenue; taxes and subsidies; investment and liabilities. But the mathematical and statistical skills underpinning a solid set of books and filed accounts are today increasingly being used to measure the environmental and social sustainability of a product, input, production process and supply chain.…

INTRODUCTION

The Covid-19 pandemic has sparked a reassessment of the model of relying on one or two outsourcing locations. It has demonstrated that when there is a major disruption caused by an emergency as serious as a pandemic, shipping and industrial processing can be disrupted.…

Japan may become a significant market for the halal food sector in future, predicts the Japan Halal Association, whose members are looking ahead to sustained growth once the Covid-19 pandemic ebbs. Faslin Mohammed Lafir, head of halal certification and international relations, of the Japan Halal Association, stressed that the country’s Muslim population is around 120,000 individuals at present, with an estimated 10,000 Japanese converting to the religion every year, boosting potential halal sales.…

The second-largest garment exporting country in the world, Bangladesh has grown its position as a key outsourcing hub since the 1980s.

With a global market share of 6.26%, according to the World Trade Statistical Review 2021 (1), “The industry has come a long way,” said Md. …

A comprehensive study of 3,650 students from 55 counties worldwide has indicated that the expansion of online learning during the Covid-19 pandemic has not reduced the attraction of moving countries to undertake in-person higher education in foreign universities and colleges.

Indeed, the study, by IDP Connect, part of Australia-based international student recruitment leader IDP Education, showed that 79% of students questioned were only considering overseas on-campus options.…

The Bangladesh innerwear industry has been witnessing robust growth in the past decade and this outsourcing hub is now competing effectively with its major rival China. The production value of the country’s intimate wear jumped from US216 million in 2012 to US1.078 billion in 2021, according to a report from data service Statista (1).…

A successful apparel-sector worker vaccination programme – where over 90% of its employees have been jabbed with single dose and 70% double-jabbed since June to date – has helped drive Sri Lanka’s clothing export sales.

Between January to July (2021), the country’s apparel exports were at USD2.75 billion, up from USD2.27 billion in January-June 2020, Yohan Lawrence, Sri Lanka’s joint apparel association forum (JAAF) executive committee member told Just Style.…

Responding to the growing needs of an on-demand economy driven by small order quantities and nearshoring, Twinery – the innovation arm of Sri Lanka’s leading garment manufacturer MAS Holdings – has developed groundbreaking digital printing and coating solutions.

Last May (2020), Twinery introduced a new plasma-based chemical vapour deposition system adding coatings to textiles that offer functional benefits, such as water repellence, without using water.…

INTRODUCTION

The textile industry is one of the world’s oldest manufacturing sector, yet it is also one of the most dynamic, constantly reinventing itself. Today, the development of micro-factories might herald root-and-branch change in how the textile and clothing industry operates, a transformation driven by advances in digital textile printing.…

The world’s anti-money laundering/combating the financing of terrorism (AML/CFT) system has come a long way since the G7 group of nations decided to launch the Financial Action Task Force (FATF) in July 1989. But Australian researchers have claimed AML/CFT compliance costs USD300 billion and only nets USD3 billion of an estimated USD3 trillion in criminal funds generated annually (a 0.1% success rate).…