Female apparel workers commended the efforts taken by the country’s apparel industry to ensure the wellbeing of the workforce which makes the biggest contributions to Sri Lanka’s economy.
The female representatives of the Sri Lanka Chamber of Garment Exporters (SLCGE), member of Joint Apparel Association Forum, made these remarks during a press conference held in Colombo on the occasion of International Women’s Day. The press conference focused on the welfare and betterment of the living standards of women engaged in various occupations in the apparel industry in Sri Lanka and the representatives emphasized the importance of taking steps not to limit the recognition of the role of women in the garment industry, the biggest strength of the national economy of the country, to Women’s Day.
Women make up about 85% of the workforce in the apparel industry in Sri Lanka, especially in the rural areas and is one of the key employment generating sectors to strengthen the economy of women. A female apparel worker said that the garment industry in Sri Lanka has become a leading partner in the flow of women’s employment, creating hundreds of thousands of jobs for women and giving them the opportunity to play a leading role in the country’s economy.
It was also noted that the apparel industry itself is significantly contributing to the uplifting of the living standards of women involved in it while working towards enhancing their lifestyle.
Many women delegates who attended the press conference were of the view that women in the garment industry have a high standard of living and play a dignified role in strengthening their economy and improving the lives of their family members.
“The media, teledramas etc. always showcase the female workers in the apparel industry as an underprivileged and less fortunate group of people. This is not entirely true,” a representative said.
“The women in the garment industry have the opportunity to successfully strengthen their future by receiving promotions and pay rises based on the quality of their work, and the opportunities and privileges available to them are immeasurable,” an apparel worker said.
In the garment industry, mainly dominated by females, employers pay special attention to their problems and make a significant contribution to making their economy self-sufficient by providing incentives, attendance allowances and other benefits in addition to the monthly salary, free uniforms, transportation, etc.
A spokeswoman for the apparel industry said that the entertainment, annual outings and free meals were a big boost.
The speakers also commended the management of the garment industry for taking necessary steps to address the day-to-day economic problems of their employees and taking steps to pay the salaries and other incentives on time, even during the COVID-19 pandemic which has greatly affected the industries around the world. The women delegates who participated in the event highly commended the employers for focusing more on the health of their employees, adhering to the rules and regulations imposed by the Ministry of Health during the pandemic times, and for setting the stage for the continuation of the manufacturing process and securing their jobs. The garment workers also expressed their gratitude to the management for setting up special quarantine centers for their employees who have been infected with COVID-19, and also their close associates.
While the whole world celebrated Women’s Day, the apparel workers in Sri Lanka were of the view that the value, importance and the attention given to women should not be limited to just one day.
They added that it should be the same throughout the year and that the government should intervene to secure the role of women in this patriarchal society. The importance of creating an institution in the garment industry for women to pursue higher education relevant to their occupations was also emphasized.
“On media all you see is the condemning of the professional dignity of women entering the garment industry. Through works of art and other means of media, it is necessary to give a correct picture and take steps to avoid that situation,” the women delegates who attended the press conference added.
Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’
The Galadari Colombo was given a thumbs up from the people as the People’s Hotel Brand of the Year for the second time running at the recently concluded SLIM (Sri Lanka Institute of Marketing) People’s Awards 2021.
The uniqueness of the SLIM People’s Awards is the fact that it is awarded by the public which shows the popular choice of the Sri Lankan people.
This is the 15th successful running of the much-anticipated event conducted by SLIM in association with Nielsen which is globally renowned for its measurement and consumer insights.
Having stood the test time of time in the hospitality industry for more than 3 decades the Galadari Colombo is hopeful to remain in the hearts of its people as a brand that is trustworthy and dedicated to service.
Expatriates’ organization painting competition for Sri Lankan children from care homes highlights close India-Sri Lanka ties
Celebrating 75 years of India’s independence in Sri Lanka, Sri Lankan children from care homes converged in Colombo from all across Sri Lanka over 10-11 April 2021 for the final round of the nationwide painting competition organized by Colombo Expatriates Cultural Association (CECA) – a voluntary organization of expatriates consisting of mainly Indians – with support of the High Commission of India, Ministry of Education of government of Sri Lanka and several other partners.
Prof. G.L Peiris, Minister of Education was the Chief Guest and Gopal Baglay, High Commissioner of India was the Guest of Honour at the final round. Several other dignitaries including State Minister Piyal Nishantha were also present. The dignitaries lauded the effort as a shining example of strong people-to-people ties between India and Sri Lanka and stressed the enormous significance of the enriching experience for the children.
The competition was held in three categories – Sub Junior, Junior and Senior. The first round of the competition had seen enthusiastic participation of 4,375 students from child care homes across Sri Lanka. Contestants from all provinces who had produced sixty best paintings were invited along with one care-giver for the final round held in Colombo on April 10 at Hotel Taj Samudra. While top three winners in all the three categories were awarded SLR 100,000, SLR 75,000 and SLR 50,000 respectively in addition to various other gifts, certificates and medals, all the 60 finalists received cash awards, desktop computers, and other gifts contributed by various sponsors.
The event also formed part of ‘India @ 75’ celebrations in Sri Lanka which comprise events and activities in the run up to completion of 75 years of India’s Independence in August 2022. Prime Minister of India Shri Narendra Modi had launched these celebrations in India on March 12 2021, 75 weeks before the 75th Anniversary of Independence. In Sri Lanka, formal launch of these celebrations had taken place on April 9 2021 with the inauguration of ‘India Corner’ at the Nagananda Institute for Buddhist Studies.
Chrissworld to raise Rs. 56.25 million through IPO
By Hiran H.Senewiratne
Chrissworld Ltd. (CWL), an SME company engaged in the provision of third-party logistics (3PL) services, is gearing to raise up to Rs. 56.25 million via an initial public offering (IPO) on the Colombo Stock Exchange, sources said.
The company plans to offer 7,500,000 Ordinary Voting Shares for subscription at Rs. 7.50 per share. The subscription will open on April 27, with Atara Capital Partners representing the company as managers to the issue.
Meanwhile, the CSE noted in a statement that it has approved an application submitted by Chrissworld Ltd. for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE.
The company, starting off with Rs. 6 million capital in 2019, expanded its capital to Rs. 22.5 million and projects to obtain Rs. 79 million after the IPO.
Chrissworld will be earmarking milestones with the IPO as the first to be listed on the Empower Board, CSE’s newest listing platform, dedicated to SMEs. Further, Central Depository Systems (Pvt.) Ltd., a subsidiary company of CSE, will step in for the first time as the registrar to the issue.
Amid those developments the CSE started on a bullish note yesterday and during the latter part of the day with heavy retail investor participation the CSE witnessed a bullish trend. It is said that manufacturing sector counters became the most popular stocks during the day. Notable price appreciation was reported in Hayleys Group, Royal Ceramic Group and Distilleries.
Both indices moved upwards. The All Share Price Index went up by 100.10 points and S and P SL20 rose by 49.18 points. Turnover stood at Rs. 3.51 billion with a crossing. The crossing was reported in JKH, which crossed 1.32 million shares to the tune of Rs. 199.3 million and its share price was Rs. 151.
In the retail market, companies that mainly contributed to the turnover were; Royal Ceramic Rs. 511.2 million (1.46 million shares traded), Expolanka Holdings Rs. 359.9 million (4.5 million shares traded), Hayleys Group Rs. 359.9 million (4.5 million shares traded), Dipped Products Rs. 321 million (5.5 million shares traded), JKH Rs. 290 million (1.9 million shares traded), and Haycarb Rs. 177 million (1.5 million shares traded). During the day 87.8 million share volumes changed hands in 23900 transactions.
Hayleys shares appreciated by Rs. 6 or eight percent. Its shares started trading at Rs. 75.90 and at the end of the day they moved to Rs. 82. Royal Ceramic shares appreciated by Rs. 13.5 or nine percent. Its shares started trading at Rs. 328.25 and at the end of the day they moved to Rs. 358.75. Expolanka shares appreciated by Rs. 2.70 or five percent. Its shares started trading at Rs. 49.70 and at the end of the day they shot up to Rs. 52.40 and Distilleries shares appreciated by 70 cent or 3 percent from Rs. 20.20 to Rs. 20.90
Sri Lanka’s rupee quoted steady at 202.00/203 to the one month US dollar Monday, while gilt yields remained unchanged, dealers said.
The rupee last closed in the one-week forward market at 202/203 to the US dollar on Friday. Sri Lanka markets were dull as seasonal bliss kicks in.
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