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MAS Holdings secures 16 Presidential Export Honours

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President Ranil Wickramasinghe handing over the "Exporter of the Year" Award for 2021/22 to Chelan Goonetilleke, CEO - MAS Active and M Deepani Kumari, Team Member - Sewing at MAS Active. 

The global apparel and textile giant, MAS Holdings, announced the resounding accomplishment of its subsidiaries, MAS Active Trading (Pvt) Ltd and MAS Intimates (Pvt) Ltd, at the distinguished Presidential Exports Awards for 2021/22 and 2022/23. In recognition of the company’s contribution to Sri Lanka’s export sector, MAS Active (Active and KREEDA divisions) secured Sri Lanka’s overall Exporter of the Year Award for two years 2021/22 and 2022/23. Alongside these two most coveted awards, together, MAS Active and MAS Intimates, secured a total of 16 awards at the event. This recognition of MAS’ contributions to Sri Lanka’s export sector solidifies the company’s standing as an industry leader and critical player in the nation’s economy.

A Remarkable Double Triumph – MAS Active Trading (Pvt) Limited

MAS Active (Active and KREEDA divisions), celebrated a remarkable victory in addition to the two Overall Exporter Awards for both years, winning the Overall Market Diversified Exporter of the Year, the Best Performing Exporter in Emerging Markets, and a Merit Award in the Apparel Sector – Large Category for 2021/22.

Continuing its winning streak MAS Active secured the awards for Contributor to Sustainable Development in Exports, Innovative Export Product of the Year, Best Performing Exporter in Emerging Markets, and the Best Exporter Award in the Apparel Sector – Large Category for 2022/23.

Pioneering Excellence – MAS Intimates Private Limited

During the 2021/22 cycle, MAS Intimates demonstrated unparalleled excellence in the export domain. The company not only secured the Overall Award for Net Foreign Exchange Earner of the Year but was also awarded as the Best Exporter in Product Diversification and was recognized as the Contributor from the Regions to the Export Supply Chain as well as the Best Exporter in the Apparel Sector – Large Category.

Building on this success, MAS Intimates continued its outstanding performance in 2022/23. The company secured the Overall Award for Net Foreign Exchange Earner of the Year and was recognized as Contributor from the Regions to the Export Supply Chain. Adding to the accolades, MAS Intimates received a Merit Award in the Apparel Sector – Large Category, further solidifying its standing as a key player in the global export market.

These victories collectively underscore MAS’ position as an undisputed leader in Sri Lanka’s export landscape. As a global apparel and textile manufacturer with a diverse portfolio of brands, MAS Holdings continues to set industry benchmarks and plays a pivotal role in the economic development of Sri Lanka and the wider apparel industry.



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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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