Sri Lanka’s earnings from textiles and garments exports grew by 46.8 percent year-on-year to US$ 436.4 million in October 2013, which was the highest monthly value of export of garment and textiles ever recorded, according to a Central Bank of Sri Lanka press release. “Exports of garments to both the EU and USA, which are Sri Lanka’s major export destinations, recorded remarkable growth rates of 53.2 percent and 43.4 percent, respectively in October 2013, reflecting the recovery in those eco

The garment industry is reporting fall offs in export orders as overseas buyers have been deterred from visiting due to the ongoing political unrest. In response some suppliers have been incurring additional costs by arranging to negotiate contracts abroad. When added to the extra costs imposed by delays caused by blockades and hartals, this creates a gloomy financial outlook and increases the risk of workers being laid off. It is vital that the industry works together with government and

The overall export of jute and jute goods have plunged by 19.80 per cent in July- November period of the current fiscal compared to the same period of the previous fiscal, according to a latest export figure compiled by the Export Promotion Bureau (EPB). The data also showed, export of raw jute and jute sack and bag also fell by 50 per cent and 42.71 per cent respectively during the first five months of the current fiscal against the corresponding period of the previous fiscal. "Exports of

Vuitton Spring, Take 2 – Following up the initial preview posted earlier today, here are more images from Louis Vuitton’s spring 2014 campaign, the final advertisements from Marc Jacobs. Accordingly, Jacobs tapped his favorite muses including models Gisele Bundchen, Caroline de Maigret and Edie Campbell, director Sofia Coppola, actresses Fan Bingbing and Catherine Deneueve. Steven Meisel captured the women in New York with a focus on the Noé bag and luggage. Source: Fashion G

Come Christmas, UK e-retailers are expected to see a 22 percent increase in visits compared to last year, receiving an estimated number of 105 million visits, according to the latest data published by Experian, the global information services company. Experian's data also revealed that UK consumers are expected to make 117 millions visits to retail websites on Christmas Day and 118 million visits on Boxing Day, which are increases of 9 percent and 5 percent respectively year-on-year. Briti

LS Mtron Ltd., a South Korean company supplying tractors in over 40 countries, has signed an agreement with the Government of Uzbekistan to supply 24,570 specialized mini tractors for harvesting cotton over the next five years. According to the agreement signed by LS Mtron and the Uzbek national enterprise Agromash Sanoat Invest LLC, the Korean firm will provide tractors worth US$ 500 million during 2014-18. In addition to supplying tractors of six different models, the Korean company will

The exports of cotton from Egypt decreased by 38.8 percent during June-August 2013 period, according to the data from the Central Agency for Public Mobilization and Statistics (CAPMAS). Egypt exported 91,600 quintal of cotton during the three-month period compared to exports of 149,500 quintal made during the same period last year, CAPMAS said in its quarterly newsletter for the fourth quarter of the 2012-13 agricultural year. CAPMAS attributed the drop in cotton exports to a decrease in amou

A cotton factory was gutted by a fire at Upashahar in the city on Tuesday morning. Sub-inspector Rabiul Islam of Sylhet Kotwali Police Station said the fire originated at a room of “Saiful Alam Cotton Factory’’ on the 3rd floor of a building around 9am and it soon engulfed the whole factory. On information, a firefighting unit rushed in and doused the blaze after one hour of frantic efforts with the help of the locals. The reason behind the fire could not be known yet. The extent of

A woman walks past a International Holdings Ltd store in Yichang, in central China's Hubei province. Liu Junfeng / for China Daily The increasing cost of down and declining retail sales have brought a hard winter to down jacket producers in 2013, market insiders said. Apparel industry experts said expanding sales channels, especially at online platforms and designs that better cater for consumers' needs, are solutions to regain profitability. Bosideng International Holdings Ltd, one

Pakistan is the fourth largest producer of cotton after China, India and the United States and has about 8.7% share in world’s cotton production. PHOTO: FILE Agriculture is the most important sector of Pakistan as it provides raw material to the industry and contributes 21.4% to the GDP. It employs 45% of the labour force and is the most important source of foreign exchange earnings. Pakistan is the fourth largest producer of cotton after China, India and the United States and has about 8