Apparel exports rise 8.8%

balapas · 1 Apparel exports rise 8.8% Sat May 04, 2013 6:38 am

balapas

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Interesting figures for whom wish to invest or think about shares they are holding.

Apparel exports rise 8.8% to USD 371.6m in February

May 03, 2013 (LBT) - Sri Lanka's exports fell 2.9 percent to 797.5 million rupees in February 2013 from a year earlier but apparel exports rose 8.8 percent to 371.6 million US dollars, the Central Bank said.

Rubber product exports were down 12 percent to 66.1 million US dollars and agricultural exports were down 5.9 percent to 174.5 million US dollars.

Source: http://www.lbt.lk/news/business/4308-apparel-exports-rose-88-percent-to-3716-million-us-dollars-in-february

kukumarx · 2 Re: Apparel exports rise 8.8% Sat May 04, 2013 10:41 am

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balapas wrote:Interesting figures for whom wish to invest or think about shares they are holding.

Apparel exports rise 8.8% to USD 371.6m in February

May 03, 2013 (LBT) - Sri Lanka's exports fell 2.9 percent to 797.5 million rupees in February 2013 from a year earlier but apparel exports rose 8.8 percent to 371.6 million US dollars, the Central Bank said.

Rubber product exports were down 12 percent to 66.1 million US dollars and agricultural exports were down 5.9 percent to 174.5 million US dollars.

Source: http://www.lbt.lk/news/business/4308-apparel-exports-rose-88-percent-to-3716-million-us-dollars-in-february

Problems in Bangaladesh will help the industry here.

Also read somewhere that Disney Company is going to stop sourcing from Pakistan and Bangaladesh because of bad compliance to regulations.

NZ BOY · 3 Re: Apparel exports rise 8.8% Sat May 04, 2013 11:07 am

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Good news for OGL,TJL and MGT

celtic tiger · 4 Re: Apparel exports rise 8.8% Sat May 04, 2013 1:32 pm

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this is a well established industry in sri lanka. we will fight back to get our market share.

wiki · 5 Re: Apparel exports rise 8.8% Sat May 04, 2013 10:33 pm

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My deepest sympathy for the people who scarifies their lives in this tragedy..

On the other hand this is a good opportunity for us to capitalize.. Bangladesh enjoy the GSP+ facility and some of factories moved to Bangladesh from SL, once we lost it. time to reconsider GSP+ facility from the EU.. This will help to increase export earnings

VISA · 6 Re: Apparel exports rise 8.8% Sun May 05, 2013 6:58 pm

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first of all we can't compare bangladeshi garment industry to sri lanka garment trade. we are 500000 strong work force and shrinking. Bangladesh is 3.5 million workforce and growing. what i understand is our fabric suppliers are struggling meet even this slight demand of increase in short term. We have only four mills at the moment. (TJL, Ocean Lanka, MGT and South Asia) What I heard is all of them struggling to supply demand. I do not think without work force increase we are not going to get much advantage in this situation. So this company's perform well but as industry we have reach to the saturation point