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20% of apparel factories face 3-month closure after December!

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Chairman of the Free Trade Zone Manufacturers’ Association – Mr. Dhammika Fernando says that around 20% of the large-scale garment factories in Sri Lanka has decided to close for a period of one to three months, after the December holidays.

He also adds that around 50% of small and medium scale factories have already been closed.

Mr. Fernando states that the income of investors in the garment industry has fallen by 25% due to increased costs and a fall in orders.

In this backdrop, many local investors are looking into the possibility of investing in other countries, he added.

Some investors have arranged for workers to be compensated and laid off. Around 10% of large scale companies have apparently done so.

Meanwhile, it is also reported that some company owners have asked their employees to stay home while paying them either partially or in full.

Mr. Fernando sys that some factories are only open for 4 days a week, while some are open every other week.

In addition to the above mentioned woes, the inability to secure a suitable price for their products have also affected the income levels, according to industry experts.

Mr. Fernando also mentioned that Sri Lankan garment exporters are unable to compete with other countries cost wise.

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School outdoor activities suspended over soaring temperatures

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The Education Ministry has instructed all respective school authorities to refrain from making students participate in strenuous outdoor activities until Friday (March 01) at schools as temperatures are expected to rise further.

Accordingly, Sports Day events, sports practices or any other scheduled outdoor activities are urged to be suspended for the time being.

Provincial and zonal authorities of education have been instructed to brief school principals about the matter, the ministry said in a press release.

In addition, school administrations are required to comply with the health guidelines issued by the Health Ministry and the Education Ministry.

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Court suspends divestiture process of SLT & Lanka Hospitals

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The Court of Appeal yesterday (27) issued an interim order preventing authorities from proceeding with the divestiture process of Sri Lanka Telecom and Lanka Hospitals Corporation PLC, until March 12.

Three Petitions were filed for Sri Lanka Telecom PLC including by Lyca Mobiles, and S.M.R. M company, while two petitions were filed for Lanka Hospitals Corporation PLC including by Lyca Leasing Holdings.

Upon the oral submissions made by President’s Counsel Kuvera De Zoysa, Court of Appeal Justice D.N. Samarakoon issued notices on respondents, returnable for March 12.

The petitioners named Minister of Finance Ranil Wickremesinghe, State Minister of Finance Shehan Semasinghe, the members of the special Cabinet-appointed negotiating committee for the purpose of selecting pre-qualified bidders for the strategic divestiture pertaining to 51.34% shares of Lanka Hospitals PLC and several others as respondents.

Kuvera De Zoysa, PC with Raslka Dissanayake, Sajana de Zoysa, Dinusha Pathirana and Shablr Huzalr instructed by Sanath Wijewardane appeared for the petitioners.

The petitioners had informed the court that they had submitted bids per the required criteria for the divestiture of the Sri Lankan Government’s shares of 50.23% in Sri Lanka Telecom PLC and 51.34% in Lanka Hospitals Corporation PLC.

The petitioners alleged that, however, the Cabinet of Ministers had rejected the bids without providing any clear explanations, adding that the decision was against the law.

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Lankan convict in Gandhi assassination case passes away

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Santhan alias T Suthendiraraja, a Sri Lankan national who was one of the six convicts released in the Rajiv Gandhi assassination case, died on Wednesday morning at the Rajiv Gandhi Government Hospital (RGGH) in Chennai.

Santhan, who was released by the Indian Supreme Court in November 2022, was kept at the special camp near the Tiruchirapalli Central Prison.

Last week, the Foreigners Regional Registration Office (FRRO) in Chennai issued an order to deport Santhan to Sri Lanka, however, he was admitted to the RGGH for treatment for a kidney-related ailment.

Addressing the reports, E Thenirajan, Dean, RGGH, said that based on the directions of the Tiruchirapalli district collector, Santhan was admitted to the hospital on January 27.

Thenirajan said a team of doctors were treating him at the Intensive Care Unit (ICU) and constantly monitoring him. He said Santhan was diagnosed with cryptogenic cirrhosis or a liver disease.

“He suffered a setback to his health yesterday (Tuesday) night. He had lost consciousness and we were providing treatment. Around 4.30 am today (Wednesday), he suffered a cardiac arrest. He was revived following a CPR (cardiopulmonary resuscitation) procedure and was on ventilator support. However, he failed to respond to further treatment and passed away at 7.50 am,” he said.

Thenirajan said they would carry out the post-mortem procedures now and take further measures to send his body to Sri Lanka.

According to court documents, Santhan is believed to have fled then strife-torn Sri Lanka in 1991 and reached India by boat, along with Sivarasan, who led the assassination team and was never caught alive, and a few others. According to the Supreme Court order, Santhan’s role in the assassination of Rajiv Gandhi was direct and active.

Santhan was initially sentenced to death for his involvement in the assassination of former Prime Minister Rajiv Gandhi in 1991, however, his sentence was commuted to life imprisonment. He was released in November 2022, along with five other convicts, after spending over three decades in prison.

(The Indian Express)

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