Apparel exports during the first six months of the year (1H’20) declined 30 per cent to nearly US$ 1.8 billion, with exports in June plummeting 20.5 per cent.
According to statistics released by the Apparel Exporters Association, apparel exports in June this year reached US$ 382 million, down 20.5 per cent from US$ 481 million worth of exports recorded a year ago.
USA and the EU remain the largest export markets for Sri Lankan apparel.
Last year, Sri Lanka’s apparel exports increased 5.2 per cent to US $ 5.3 billion, according to the Export Development Board, and the industry hopes to increase foreign exchange earnings to US$ 8 billion by 2025.
Rajasthan Royals roped in star Sri Lanka spinner Maheesh Theekshana and Wanindu Hasaranga during the…
The Public Utilities Commission of Sri Lanka (PUCSL) announced that electricity tariffs will remain unchanged…
As a subject, vocational education directly contributes to the economy and should be considered a…
Aiming to cash on growing outbound Indian tourists, Sri Lanka and Australia have launched new…
President Anura Kumara Dissanayake stated that if the current government fails to meet the expectations…
There have been abuses in the issuance of permits for expatriate workers to import electric…