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CFW announces HSBC Fashion Fund for Emerging Designers

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Five high-potential designers to be selected in 2022

With HSBC Colombo Fashion Week 2022 (CFW) scheduled for the end of February 2022, the organization has announced the launch of the HSBC Fashion Fund for Emerging Designers, as part of its Emerging Designer programme. Commencing this year, and going forward, five high-potential emerging designers will be selected and supported by this new initiative. The HSBC Fashion Fund aims to help rejuvenate and spur on creativity and innovation within Sri Lanka’s fashion and design industry, which has faced severe challenges since 2020, with established players struggling and newcomers facing business closures and other hardships.

Announcing the launch, Ajai Vir Singh – Founder and Managing Director of Colombo Fashion Week said, “I am very pleased to announce this new support-focused Fund and really thankful to HSBC for collaborating with us in this regard. Our partnership with HSBC extends over 15 years and they have clearly understood our vision. Today, as a result, we have been able to create this fund to support younger designers. As we move forward, this Fund will be developed further, based on the learnings and feedback we gather along the way. The establishment of the HSBC Fashion Fund for Emerging Designers is a great victory for the industry in Sri Lanka in terms of creating an environment that is conducive to fostering new and emerging talent.”

CFW has worked tirelessly, since its inception in 2003, to uplift, mentor and promote the fashion design industry in Sri Lanka. Continuing to collaborate with its long-standing title partner HSBC, commencing this year, the HSBC Fashion Fund for Emerging Designers will help to support and kick start the fashion journeys of Sri Lanka’s most promising new designers. This year alone, 5 Emerging Designers will be selected through a transparent selection process. These candidates will be supported by the Fund and CFW, both financially and in terms of mentorship and business guidance. The launch of the HSBC Fashion Fund comes at a time when the industry, particularly younger designers, need as much support as possible to mitigate the challenges created by the global pandemic and spur a recovery within the industry.

Commenting on CFW’s Emerging Designer Programme, Vir Singh added, “Our Emerging Designer programme is very personal to me and remains one of our most important initiatives. We embarked on it very early on in our journey as there weren’t many designers when we began in 2003. Thus, developing design talent became a priority and has remained so till now, and it will continue to remain so for the foreseeable future, as Sri Lanka is a growing and emerging market in terms of fashion design. We hope to gain more traction for this initiative in 2022, and move to even bigger things in the future.”

CFW’s Emerging Designer program has been an integral part of Colombo Fashion Week since its inception, having paved the way for many well-known names in the industry today. CFW’s Design Development System has directly impacted close to 80% of fashion designers in Sri Lanka today, with the programme having evolved over the years, based on market feedback, to be as effective as possible. CFW, which is a developmental platform by nature, has also created various programmes to provide a support system for young designers embarking on a career in fashion. The Emerging Designer showcase programme is open to all Fashion Schools, with ever increasing participation. In 2020, this program saw 100 applications and last year, in 2021, over 120 applications were received. Applications and the selection process for the Fund have already commenced and more details are available on CFW’s digital pages.



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JAT Holdings celebrates the 6th Pintharu Abhiman Convocation, uplifting over 800 painters through NVQ certification

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JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA).

JAT Pintharu Abhiman was established to uplift Sri Lanka’s painter community through structured skills development, professional recognition and stronger earning potential. This year’s graduating cohort reflects the programme’s expanding reach and the tangible changes it continues to deliver for individuals, families and communities.JAT in collaboration with NAITA has streamlined the certification process such that what would traditionally take up to six months has been refined into an efficient and high-impact three-day assessment model. This approach ensures painters can obtain their qualification without sacrificing extended periods of work, while JAT fully absorbs the certification cost, removing financial barriers and enabling wider access to formal recognition.

Research conducted amongst NVQ qualified participants shows meaningful improvements in livelihoods, with 90 percent reporting increased personal confidence and 76 percent noting an improvement in their overall standard of living. This uplift demonstrates the long-term value of industry-aligned professional training.

A noteworthy moment at this year’s convocation was the recognition of four female painters who received their NVQ certifications. Their achievement marks an important step in broadening female participation in a field that has historically been male dominated, reinforcing JAT Holdings’ commitment to creating inclusive pathways for technical development and sustainable employment.

Speaking at the ceremony, Mr. Wasantha Gunaratne, Director Sales and Technical (South Asia) of JAT Holdings PLC, said:

“Pintharu Abhiman is fundamentally about development, giving painters the knowledge, structure and recognition they need to progress in their careers. By equipping over 800 painters with an internationally recognised NVQ qualification, we are not only strengthening the technical standards of the industry but also creating real pathways for entrepreneurship and financial independence. It is especially encouraging to see that one in five certified painters have already begun building their own businesses. These are the outcomes that matter because they show that when we invest in skills, we unlock opportunity. JAT remains committed to expanding these avenues so every painter has the chance to grow, lead and build a sustainable future.”

The 6th JAT Pintharu Abhiman Convocation underscores JAT’s continued dedication to uplifting the painter community, enhancing industry standards and supporting national skills development through accessible, professionally recognised qualifications.

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Industry bodies flag gaps in Draft National Electricity Policy

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The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several key issues have not been adequately addressed.

Whilst recognizing the need for reform in the electricity sector, the submission flags several gaps in the draft policy that require closer attention. Key areas such as affordability, decarbonisation commitments, incentives for renewable energy, competition, and the long-term financial health of the sector are either missing or not addressed in sufficient depth.

The proposed tariff revisions outlined in the draft energy policy raise concerns, particularly regarding the removal of cross-subsidies and the proposal to restrict subsidies exclusively to households consuming less than 30 kWh per month. Without detailed analysis, these measures could weaken access to sustainable and affordable energy and potentially lead to fiscal risks.

The provisions allowing uncompensated curtailment, removing feed-in tariffs, and imposing mandatory time-of-use tariffs on rooftop solar users could make renewable energy projects un-bankable for international lenders, thereby increasing the cost of capital for Sri Lanka.

Calling for a more future-focused approach, the submission stresses the need for a policy that reflects modern electricity systems, including planning for the energy transition, energy storage, market competition, cross-border electricity trading, and emerging technologies.

The Chambers and Associations request a comprehensive revision of the Draft National Electricity Policy, alignment with the Electricity Act, and resubmission following substantive consultation, and reiterate support to engage constructively with policymakers to shape a policy that supports affordability, investment confidence, and Sri Lanka’s long-term energy security.

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Bank of Ceylon partners with 36th APB Sri Lanka Convention

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Bank of Ceylon (BOC) partnered with the 36th Annual Convention of the Association of Professional Bankers (APB) Sri Lanka, reaffirming its commitment to promoting professional excellence and knowledge sharing within the banking sector. The partnership was officially handed over by Sameera D. Liyanage, Chief Marketing Officer of Bank of Ceylon and M. R. N. Rohana Kumara, Deputy General Manager Business Revival Unit of Bank of Ceylon, reflecting BOC’s focus on empowering banking professionals and supporting the sustainable growth of Sri Lanka’s financial services industry.

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