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Omega Line honored as ‘Most Outstanding Exporter – Merchandise’ at the 45th Anniversary of BOI Sri Lanka

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Paola Fava, Director - Quality Assurance & General Manager of Omega Line - Vavuniya Apparels receiving the award from President Ranil Wickremesinghe

The Board of Investment (BOI) of Sri Lanka recently commemorated its 45th Anniversary with an inaugural awards ceremony on 02 April, recognizing companies with exemplary contributions to the nation’s economic landscape. Among the distinguished recipients, Omega Line Limited was honored as “Most Outstanding Exporter – Merchandise.”

Felix A. Fernando, CEO/Managing Director of Omega Line, and Paola Fava, Director – Quality Assurance & General Manager of Omega Line – Vavuniya Apparels, graciously accepted the prestigious award from President Ranil Wickremesinghe. The recognition by BOI underscores Omega Line’s significance as one of the leading apparel exporters in the country.

BOI’s selection criteria were based on recognizing companies that have made tremendous contribution towards Sri Lanka’s economic transition over the past forty-five years, especially on foreign direct investment (FDI) projects that have positively impacted the local economy.

Omega Line’s commendation reflects its noteworthy achievements in fostering economic growth and employment generation, aligning with BOI’s mandate to facilitate FDI and promote sustainable development.

Specializing in corsetry and beachwear, Omega Line boasts an impressive annual production and export volume exceeding 100 million garments, with an export turnover of over USD 370 million last year while sustaining a workforce of over 4,500 individuals, with a significant majority being women. The company’s commitment to advancing domestic fabric manufacturing capacities through local collaborations underscores its dedication to building a resilient and adaptable supply chain.

Its achievements are emblematic of the group’s larger impact on Sri Lanka’s economy. Employing over 15,500 individuals and exporting nearly 200 million garments last year, the Omega Group’s collective efforts have positioned Sri Lanka as a global hub for apparel manufacturing and export. Despite prevailing economic challenges, Omega Group’s turnover exceeded USD 600 million last year, with investments totaling over USD 350 million across its four legal entities in the country.

Apart from being chosen for the exclusive list of “The 15 Best Workplaces in the Manufacturing and Production Industry in Sri Lanka,” by Great Place to Work, 2024 was a significant year for the company. Omega Line was also won the award for its economic contribution to Sri Lanka at the Best Corporate Citizen Sustainability Awards held early this year.

The award categories included significant FDI contributors and longstanding BOI enterprises and exporters. The 45th anniversary of BOI Sri Lanka was inaugurated by President Ranil Wickremesinghe, while State Minister of Investment Promotion Dilum Amunugama and BOI Chairman Dinesh Weerakkody were also present at the event. President Wickremesinghe went onto commended the pivotal role played by companies under the BOI’s purview in driving Sri Lanka’s economic growth.



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Cut power bills by 3-5%, don’t hike them, consumers demand

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By Anuradha Hiripitiyage

Electricity tariffs should be reduced by between 3 and 5 percent instead of being increased by 2.88 percent in the fourth quarter, as proposed by the National System Operator (NSO), Electricity Consumers’ Association Secretary Sanjeewa Dhammika said.

Addressing a media briefing in Maradagahamula, Divulapitiya, Gampaha, yesterday (16), Dhammika said a proper assessment of electricity generation costs, including the contribution of hydropower, could justify a reduction in tariffs.

He said the NSO had sought approval from the Public Utilities Commission of Sri Lanka (PUCSL) for a 2.88 percent tariff increase, which was expected to generate an additional Rs. 4,438 million.

However, the Commission had indicated that an increase of only 1.46 percent was warranted, amounting to Rs. 2,245 million, he said, adding that even this increase was unnecessary.

Dhammika alleged that the proposed revision sought to pass on to electricity consumers the financial burden arising from the non-arrival of five coal shipments and failed tenders.

“The Government had said that the burden of coal-related losses would not be passed on to the public. It is therefore unjust to make consumers bear these costs,” he said.

He pointed out that the PUCSL had forecast that hydropower would account for 32.34 percent of total electricity generation in the coming quarter, while the cost of such generation would represent only 3.45 percent of the overall cost of electricity production.

Consumers should benefit from the lower cost of hydropower generation rather than bear the burden of more expensive thermal power generation, he said.

Dhammika also questioned the inclusion of Rs. 669 million in capacity charges that had not been approved by the PUCSL, as well as a further Rs. 1,069 million to repay loans relating to incomplete projects.

Including such charges in the proposed tariff revision was unjustifiable, he said.

The PUCSL has given the public until October 30 to submit their views on the proposed tariff revision.

Dhammika said the possibility of increased hydropower generation in the coming weeks, as reservoir levels rise, should also be taken into account when determining electricity tariffs.

He maintained that tariffs could be reduced by 3 to 5 percent if hydropower generation was properly assessed and coal-related losses and unapproved charges were excluded from the calculations.

He further claimed that electricity tariffs could be reduced by as much as 10 percent through the promotion of renewable energy and the effective use of solar power and battery storage systems.

The Electricity Consumers’ Association urged the Government to withdraw the proposed tariff increase, insisting that consumers should not be made to bear costs arising from coal supply problems and other disputed charges.

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Asgiri Mahanayake calls for immediate release of Gnanasara Thera

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Most Ven. Warakagoda Sri Gnanaratana Mahanayake Thera

By S.K. Samaranayake

Most Ven. Warakagoda Sri Gnanaratana Mahanayake Thera of the Asgiri Chapter has called for the immediate release of Ven. Galagodaaththe Gnanasara Thera, who is currently serving a prison sentence, following a court ruling.

The Asgiri Mahanayake made the appeal when a delegation of senior prison officials, including Assistant Commissioner of Prisons and Director of Operations Senaka Pallegedara, called on him on the 16th.

During the meeting, the prelate warned that the continued incarceration of Ven. Gnanasara Thera could lead to a volatile situation and cause public agitation.

Responding to the appeal, the prison officials informed the Mahanayake Thera that the authority to order the release of Ven. Gnanasara Thera did not rest with the Prisons Department but with the President.

Other senior prison officials, including Rajeev Srimal Silva, Sampath Warnakulasooriya and Mangala Welivita, were also present at the meeting.

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Lanka Air Force joins multinational exercise in India

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A Sri Lankan Air Force Beechcraft King Air 360ER during Exercise Tarang Shakti 2026. Photograph: Sri Lanka Air Force

The Sri Lanka Air Force participated in a multinational air exercise in India, alongside the air forces of the United States, France and Germany, as Sri Lanka continues to expand military cooperation with foreign countries.

A Sri Lankan Air Force Beechcraft King Air 360ER aircraft, and a six-member crew, took part in Exercise Tarang Shakti 2026, held at Air Force Station Jodhpur, from September 26 to October 12.

The exercise was hosted by the Indian Air Force, under the theme “Power in Partnership,” and involved Australia, Bangladesh and the United Arab Emirates, among other participating countries.

According to the Sri Lanka Air Force, the exercise was aimed at enhancing operational cooperation and interoperability among participating air forces and providing opportunities to share tactics and operational experience.

India’s public broadcaster reported that the exercise included training and experience in planning and conducting joint multinational combat operations, including counter-air, air defence, reconnaissance and air-to-air refuelling missions.

The exercise also involved 32 countries as observers.

Sri Lanka’s participation comes amid increased military engagement with foreign partners. India and Sri Lanka recently exchanged 240 military personnel under a tri-service exchange programme.

Sri Lankan military personnel also recently participated in a counter-terrorism exercise with Russia, while a senior US Army Pacific official visited Sri Lanka and discussed opportunities for greater joint training.

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