Search Results for: Sri Lankan

THE SINGAPORE Parliament has beefed up the powers of the country’s accounting regulator, especially over corporate service providers. MPs passed an accounting and corporate regulatory authority (amendment) bill, which will insist corporate service providers be registered as filing agents, able to help companies with their establishment, legal advice, regulatory filings, office hosting and secretarial services.…

Sri Lanka’s leading aluminum profiles manufacturer Alumex Group hopes to raise USD6.41 million via an initial public offering made today (on March 6), which will make way for the company to finance a series of expansion plans including setting up a powder coating plant and acquire related dyeing manufacturing equipment.…

Sri Lanka’s customs officials have launched a full scale investigation aimed at cracking down on copper scrap smuggling, after two export-bound containers of copper scrap worth more than USD172,189 were seized in late January.

The two containers weighing 32,140 kilogrammes were being exported to Singapore under false documentation claiming that the cargo was ‘plastic hangers’.…

Sri Lanka could be relaxing its restrictions on foreign investment in the steel industry as construction projects aimed at building 35,000 hotel rooms across the country by 2016 get underway.  Its government announced last June that it would curtail steel-related foreign investments to encourage local manufacturers to create locally-owned steel-making capacity, but the hotel-fuelled construction boom is generating demand that local manufacturers may struggle to meet.…

Sri Lanka’s apparel and textile sector exported a record USD4.3 billion in 2013 and its Joint Apparel Association Forum (JAAF) has predicted overseas sales will continue rising this year.

Its president Noel Piyatilake told just-style said the industry is targeting an ambitious mark of USD6 billion exports by 2020, making Sri Lanka one of the world’s top 10 apparel exporting countries.…

BANGLADESH is far from being the only emerging market outsourcer that has had problems with factory safety and auditing. Elsewhere in Asia, Pakistan, Sri Lanka, and especially Cambodia have had their own problems.

Indeed Cambodia has been wracked by industrial disputes overworking conditions in its textile and clothing sector.…

INDIAN publishers are adopting a smarter more holistic approach to fight book piracy and are focusing on awareness campaigns to tackle the problem.

“Educational authorities like the ministry of human resource development and other stakeholders should join hands with publishers to make people understand that there is some sanctity to copyrighted knowledge, which should be respected,” said Mr Sesh Seshadri, secretary of The Association of Publishers in India (API).…

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.…

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.…