Search Results for: Sri Lankan

SOURCING in Asia has been a merry-go-round for many buyers in recent years. As the era of low-cost Chinese manufacturing draws more or less to a close, several countries have leveraged their low cost labour to capture a significant volume of the world’s lower end knitwear manufacturing, while others have sought to extend their reach into higher value-added manufacturing by investing in infrastructure and training.…

THE TAIWAN textile dyeing and finishing sectors have never quite recovered from the World Trade Organisation’s (WTO) abolition of global textile quotas in 2005. It resulted in the closure of many stand-alone units by making their labour-intensive manufacturing processes on the relatively wealthy island uncompetitive.…

BY JENS KASTNER, in Taipei

THE TAIWAN textile dyeing and finishing sectors have never quite recovered from the World Trade Organisation’s (WTO) abolition of global textile quotas in 2005. It resulted in the closure of many stand-alone units by making their labour-intensive manufacturing processes on the relatively wealthy island uncompetitive.…

Steel importers in Sri Lanka are expecting a decline in sales next year following the government’s decision to raise import duty on steel products, in an effort to encourage more local production.

Subramaniam Sritharan, import manager at Janatha Steels, one Sri Lanka’s leading steel importing companies told Steel First that his company is anticipating a 25% drop in sales from next year due to the increase.…

Sri Lanka’s aluminium industry has welcomed a government decision to increase import taxes from next year on most imports of aluminium products, processed and semi-processed, while reducing it on basic aluminium imports.

Pramuk Dediwela, director of the Alumex Group, a leading aluminium company in Sri Lanka told Metal Bulletin that the changes, whose exact details have yet to be announced, would benefit Sri Lankan aluminium manufacturers.…

WINNERS AND LOSERS

RETAIL

WINNERS

ASOS

Fashion retailer ASOS showed online convenience and price are still a winning combination with shoppers. The UK-based online retailer continued its impressive trajectory this year, announcing pre-tax profit had reached GBP54.7m (US$88.3m) for the year ending 31 August, compared to GBP40m in the same period of last year, with retail sales jumping 40% to GBP753.8m, up from GBP537.9m last year. …

THE LAST few years have brought significant changes to the apparel sourcing landscape in Asia. The era of Chinese low-cost apparel manufacturing is well behind us, and several countries have stepped up to claim their part of the manufacturing pie.

Apparel industry analysts say that although China’s dominance continues, a clear segmentation in Asia is now taking place.…

Ahmad Darwish, chairman of the ACCA UAE (United Arab Emirates) members’ advisory committee (UAE MAC) and manager of the management accounting team at DP World UAE region.

“The UAE is becoming a more developed economy like the USA and Europe.…

THE HIGHLY diverse and emerging markets of the Middle East, North Africa, and South Asia (MENASA) face major challenges in bringing financial services, accounting and auditing up to international standards. They are often lacking qualified professionals and sometimes overly reliant on expatriate expertise.…

Botswana’s first private university, the Malaysian-owned Limkokwing University of Creative Technology (Limkokwing Botswana), has continued to flex its muscles in this diamond-rich Southern Africa nation, taking advantage of a fast growing tertiary education sector. Botswana’s college and university student (aged 18-24) enrollment has grown from 11.4% in 2007/08 to 16.4% in 2012, or 46,613 students.…