Sri Lanka news and archive

UK government introduces new trade measures for developing countries

The UK government has introduced new measures that intend to simplify imports from developing countries. The changes come under the Developing Countries Trading Scheme and, according to a press release, aim to “lower prices on everyday goods while supporting growth in some of the world’s poorest nations”. The measures particularly address...

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Sri Lankan garment exports rise by 23 percent in 2021

While the garment exports of Sri Lanka increased by 25.7 percent in 2021 from 3.939 billion US dollars in 2020, the garment export volume of the South Asian nation narrowly missed the 5-billion-US-dollar mark by reaching 4.951 billion US dollars in 2021, according to the “External Sector Performance” report for December 2021 published by the...

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Sri Lanka: new union-employer agreement addresses key worker rights issues

Garment worker unions in Sri Lanka have signed a ground-breaking agreement with employer association Joint Apparel Association Forum (JAAF) on Monday, in which both parties reached an understanding about how to address vital workplace issues for garment workers, especially during the pandemic. Sri Lankan unions and workers groups have been...

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Video: ASOS' Anders Holch Povlsen's three Children Killed In Sri Lanka

Danish fashion mogul Anders Holch Povlsen lost three of his four children in Sunday's Sri Lanka bombing attacks that killed more than 290 people and left more than 500 injured. See the gut-wrenching final photos posted to his daughter's Instagram account before the attack happened during their family vacation. Source: Access, YouTube.

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Can Sri Lanka benefit as apparel companies leave China?

In view of rising wages of garment workers in China and thus apparel companies leaving and investing in other countries, could Sri Lanka's garment industry scoop up some of China's business? This was one of the questions posed at the Sri Lanka Economic Forum 2016, which took place on January 7 and 8 in Colombo. “China is still about a third of...

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Sri Lanka: textile & garment exports grow to almost 5 billion USD

Sri Lankan textile and garment exports increased in 2014 by 9.4 percent, reaching a volume of 4.929 billion US dollars, compared to 4.508 billion US dollars in 2013. This is according to recent data released from the Economics Research Department of the Central Bank of Sri Lanka. The textile and garment industry is a promising sector for the...

Apparel

Sri Lankan brand Avirate plans India expansion

Sri Lankan high street fashion brand Avirate, owned by the Timex and Fergasam Group is planning aggressive retail expansion in India. The brand was launched one-and-half-years back in the country. The company plans to open outlets in five to seven cities in the next two quarters. The company has chalked out a retail strategy that involves...

Apparel

Aviraté launches first store in Bangalore

Aviraté, an international high-street fashion label from Sri Lanka has forayed into India by launching its first flagship store in Bangalore. The new store offers the brand’s international range of women’s fashion wear for the upcoming season. The Aviraté range includes an extensive selection of day and evening wear, lingerie, shoes and bags....