Category: Apparel
Sri Lanka’s clothing industry looks to improve competitiveness: OBG
Dec 01, 2015 (LBO) – With an eye on the target of reaching 8.5bn dollars worth of clothing exports per annum by 2020, Sri Lanka’s apparel manufacturers are backing a national bid to regain preferential trade concessions from the EU, a report by the Oxford Business Group said. Sri Lanka has carved a niche as […]
Textured Jersey to offer share options to employees
Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives in management positions, in a stock exchange filing. The total number of shares to be issued, if all of the share options are exercised in full, amounts to 27 million […]
Brandix allocates Rs5 mn for each model village in CSR project
Aug 27, 2015 (LBO) – Sri Lankan apparel exporter Brandix says it plans to allocate five million rupees for each ‘model village’ it supports with improved water supply and sanitation facilities under its corporate social responsibility program.The villages are selected within a five kilometre radius of its factories, initially in Polonnaruwa. The program has contributed […]
Sri Lanka should respect labor rights to regain GSP+; wage hike alone not enough: GZEU
Aug 14, 2015 (LBO) – Sri Lanka’s Free Trade Zones and General Services Employees Union has called on apparel exporters to protect labor rights to regain the tax concessions under GSP Plus. The union has recalled a meeting held recently with the Prime Minister where apparel exporters agreed to raise wages in order to regain […]
Colombo Fashion Week SWIM 2016 kicked off
Aug 09, 2015 (LBO) – Sri Lanka’s Colombo Fashion Week swim 2016 kicked off in August as its third annual season, in line with its objective of uplifting Sri Lanka’s fashion design industry. Swim, as a season of its own, focuses on swimwear as a specialized category, which has shown immense growth potential as an […]
MAS in chemical leasing arrangement for waste water treatment
July 24, 2015 (LBO) – MAS Active Linea Intimo announced it has entered into a chemical leasing arrangement for waste water treatment, a world’s first for the industry, according to the garments manufacturer. Chemical leasing is a business model in which a chemical is leased from a company providing its service. MAS Active Linea Intimo […]
Team of American multinational Honeywell Corporation to arrive Sri Lanka next month: Eran
July 08, 2015 (LBO) – Honeywell Corporation, a Fortune 100 diversified technology and manufacturing conglomerate is to send a team next month to discuss investment opportunities in Sri Lanka, a former Deputy Minister said.Former Deputy Minister of Investment Promotion Eran Wickramaratne told LBO, the Corporation initially proposed to send a team here on 17 August […]
Sri Lanka to recover GSP+ after Human Rights Council sessions in Geneva: PM
June 22, 2015 (LBO) – Sri Lanka will regain the GSP plus trade concession after the Human Rights Council sessions which are to be held in Geneva in September, Prime Minister Ranil Wickramasinghe said. The European Union withdrew the concessions in 2010 expressing deep concern over alleged human rights violations said to have occurred during […]
Sri Lanka‘s MAS lingerie brand Amante launches its new collection
Apr 06, 2015 (LBO) –Sri Lanka’s, MAS lingerie brand Amante launched its newest collection recently, embracing the shades, contrast details and extravagant prints in vogue this season. The new Sunburst collection –which features prints, contrast piping details and two-tone laces with aquamarine and sunflower yellow as strong accent colours – comes in five styles: Tropical […]