Connect with us

Business

Fuel shortage increasingly dominate concerns in apparel sector

Published

on

By Sanath Nanayakkare

Fuel shortage which lingers in the country and its consequent disruptions have greatly overtaken other anxieties in the mind of the apparel manufacturers, a news report by Hiru TV revealed on Saturday.

According to the report, the fuel shortage has created huge stresses in the apparel sector which is no less so in many other sectors of the economy. However, Sri Lankan apparel manufacturers are particularly worried about the ongoing situation as prevailing energy and transportation challenges could put the industry that accounts for 6% of annual GDP and 40% of total annual export earnings of the country in disarray.

Felix A. Fernando, an apparel industry veteran having more than 30 years of experience in the field noted that due to the persistent fuel shortage, the apparel sector is facing an unprecedented, complex situation which has created huge challenges to their operational activities.

“It’s a well-known fact that the largest share of Sri Lanka’s export earnings come from the apparel sector. Today the challenges we face due to diesel shortage are enormous. We have discussed with the government to pay in US dollars and get fuel from CPC and Lanka IOC. Although we have the capacity to get diesel by paying in dollars, the Ceylon Petroleum Corporation (CEYPETCO) is not giving us priority. Our sector targets export earnings worth USD 6 billion this year. But I think a very challenging environment has been created to reach that target at a time the country is in dire need of foreign exchange,” he said.

Meanwhile, a number of women workers in the sector also voiced their concerns about the ongoing situation.Several women workers of the sector said, “Our sector is the main source of US dollar income which has a greater ability to put the country out of the foreign exchange crisis. As employees, we face many difficulties in travelling to our work places. We have to spend hours waiting for public transport when commuting to work because we don’t have the time to stay in line for days at petrol stations and get petrol. Sometimes we walk to our factories rather than using any form of transport because we can’t rely on it. This issue could hamper the productivity of our workers.”

Not only transportation of employees, the delivery of finished products to the Port of Colombo for export is also facing huge disruptions due to the fuel shortage in the logistics sector,” they said.It was noted that although apparel manufacturers had made a number of efforts to find alternative solutions to these issues, they haven’t borne fruit.

“We urge the authorities to work firmly to resolve this crisis and help facilitate the apparel sector to bring in valuable foreign exchange to the country, and enable the import of essential items to the country and thereby ease the burden placed on everyone” they said.

According to Sri Lanka Export Development Board (EDB), apparel and textile exports increased by 22.93% year on year to US$5.4 billion between January-December 2021.The achievement was a marked increase from previous years’ earnings of apparel exports, EDB said.Sri Lankan apparel sector’s major markets in 2021 were the U.S.A, U.K., Italy, Germany, Netherlands, Belgium, Canada and India.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Sri Lanka’s first generative AI‑powered, trilingual insurance assistant

Published

on

Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.

Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.

For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.

The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.

The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.

The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.

Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)

Continue Reading

Business

‘Lanka Tractors returns with a historic Colombo 11 showroom’

Published

on

Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.

Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.

Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.

The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.

Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.

Continue Reading

Business

Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo

Published

on

The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.

Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.

Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.

Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.

Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .

Continue Reading

Trending