Search Results for: Sri Lankan

Devendra Chawla, group president of food and fast-moving consumer goods (FMCG) at India’s Future Group, has a clear view of how the Indian branded food sector is and has been developing: while Indian consumers love to try new products, they prefer them to be spiced with some familiar flavours from the past.…

Sri Lanka’s government remains positive about the possibility of regaining its Generalised Scheme of Preferences Plus (GSP+) concession status from the European Union (EU), which would probably boost the country’s knitwear exports. This privileged trade access status might help the country’s clothing industry overall achieve an ambitious target of earning USD8.5 billion from exports by 2020.…

The president of the American Chamber of Commerce in Bahrain has told just-style he is working closely with the US Congress to secure a Tariff Preference Level (TPL) extension for the Gulf island kingdom this year. It would allow Bahrain exporters to continue selling apparel and textiles, among other goods, into the USA tariff-free. …

Sustainability improvements in the Asian outsourced clothing and textile sector are far from being the sole preserve of China. In Cambodia, Tonlé, a sustainable garment-making firm based in Phnom Penh, obtains 90% of its fabric from factory cut-out and 10% through sustainable suppliers to make a zero-waste clothing line.…

IN a fast-growing emerging economy such as Bangladesh, companies and consumers alike can sometimes play fast-and-loose with the truth to hide financial wrongdoing and commit frauds, but they will have to reckon with Bangladesh’s Comptroller and Auditor General Masud Ahmed and his staff.…

Bangladesh’s top auditor understands only too well the key role strong auditing can play in an emerging economy such as his own country – for good or ill. Indeed, he does not mince his words when he recalls the role auditors played in Bangladesh’s 2011 capital market collapse that ruined millions of small investors.…

After years of strong economic growth, salaries of Chinese clothing makers have increased, resulting in more expensive Chinese textiles and clothing manufacturing. But while cheaper outsourcing locations such as Cambodia, Vietnam, Bangladesh and India have picked up the slack, experts both in China and abroad have yet to buy into the notion that garment production is dramatically shifting out of China.…

SRI Lanka’s newly elected government has developed plans to bring more business to Sri Lanka’s loss-making second international airport, the Mattala Rajapaksa International Airport.

The vice chairman of the government owned Airport and Aviation Services (Sri Lanka) Ltd, Sanjeewa Wijeratne said authorities are looking at converting land around the airport into an industrial zone, using the airport as a military air force base, and redirecting international flight to exploit the airport’s maximum one million passenger capacity.    …

The United States’ African Growth & Opportunity Act (AGOA) has helped boost many African countries’ apparel and textile sector, giving them duty-free and quota-free access to the US market. And while many are keen to see the act renewed before its expiration this September 30, some countries have benefited more than others.…

The new Sri Lankan government has started negotiations with the European Union (EU) in a bid to re-secure membership of Europe’s Generalised Scheme of Preferences (GSP +) scheme. If successful, the move would see EU tariffs fall for Sri Lankan clothing and textile exports.…