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Next quits Sri Lanka, exports to EU fall - report |
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Written by Sunil Perera
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Monday, 05 July 2010 01:04 |
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The British clothing retailer, Next, has stopped sourcing its garments from Sri Lanka because of the uncertainty of the continuance of the GSP+ duty concession from the European Union.The company has moved production to Bangladesh, an industry source said.. Meanwhile, exports to the EU fell 13% in the first quarter of 2010, a decline the Sri Lankan garment industry attributes to falling demand due to the economic conditions there. Garments are Sri Lanka’s largest foreign exchange earner.
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Epic Wins Excellence Award at ASPAC 2010 |
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Friday, 11 June 2010 03:18 |
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Verifone Inc. the world leader in secure payment devices conducted the ASPAC Customer & Partner Forum 2010 in Taipei, Taiwan from June 8-10, 2010. This event featured a program to provide excellent opportunity for stakeholders to meet with and network with other partners across the region, as well as to listen to industry and technology leaders. Epic Lanka was awarded the Verifone Circle of Excellence Award in recognition of their innovative technology solutions.
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Apply afresh next year for GSP + concession –EU |
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Friday, 11 June 2010 03:08 |
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According to reports from the European High Commission sources, a fresh application has to be made to obtain the GSP + concession for next year.
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Six out of 6 for Expo's court |
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Monday, 07 June 2010 03:28 |
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THE Expo Court, set up to deal with problems at the event, has solved another case by getting both parties to come to an understanding.
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Fitch Affirms John Keells Holdings at 'AAA(lka)'; Outlook Stable |
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Monday, 07 June 2010 03:21 |
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Fitch Ratings has today affirmed Sri Lanka's John Keells Holdings PLC's (JKH) National Long-term rating at 'AAA(lka)', as well as its senior unsecured notes at 'AAA(lka)'. The Outlook remains Stable.
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