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MAS to close down two factories in Mihintale

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Two factories in Mihintale belonging to MAS Holdings Group, which has amassed wealth as one of the biggest garment exporters in Sri Lanka for nearly 36 years, would be closed down, it is learnt.

With this decision, nearly 1,000 employees will lose their jobs. However, the authorities have informed the employees that the factories will be closed for 4 months.

Garment manufacturers are of the opinion that the lack of orders for garment products has led to the temporary closure of factories.

Meanwhile, some experts in the field said that the instability of the US Dollar due to the economic crisis in the United States and the financial crisis in Sri Lanka has directly affected the garment industry in Sri Lanka.

However, some people said that there is no lack of orders for these garments. They said the cost of manufacturing garments in Sri Lanka has increased due to the increase in the price of services including electricity. Therefore, the manufacturers divert the orders from the local factories to their own factories outside of Sri Lanka and then close down the local factories.

Who is this MAS?

MAS Holdings is the largest underwear manufacturer in South Asia.

The company was founded in 1987 by the three brothers of Mahesh, Ajay and Sharad Amalean and named the company with the first letter of their names.

MAS Holdings began as a manufacturer of intimate apparel and later diversified into sports wear, performance wear and swimwear.

MAS Holdings has 53 manufacturing facilities in 17 countries and employs over 93,000 people globally.

The company has design and development centers in New York, London, Hong Kong and Colombo. Its clients include Victoria’s Secret, Nike, Polo, Lululemon and PVH.

The company manufactures apparel accessories and fabrics and provides services beyond apparel manufacturing.

MAS was recognised as the second most prestigious corporate body in Sri Lanka in a 2017 survey conducted by Sri Lanka’s LMD Magazine and The Nielsen Company.

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President leaves for Indonesia

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President Ranil Wickremesinghe has left for Indonesia this morning (18) to attend the 10th World Water Forum High-Level Meeting in Bali, at the invitation of Indonesian President Joko Widodo.

The 10th World Water Forum is being held from May 18th to 20th in Bali, Indonesia.

This significant gathering, themed “Water for Shared Prosperity,” will convene global leaders to address pressing issues related to water management and sustainability.

President Wickremesinghe left for Indonesia on Saturday, following an invitation from Indonesian President Joko Widodo, underscoring Sri Lanka’s commitment to international cooperation on water-related challenges.

Scheduled to deliver a keynote address on May 20th, President Wickremesinghe will articulate Sri Lanka’s perspective on achieving equitable access to water resources for all, the President’s Media Division said.

During the forum, President Wickremesinghe is expected to engage in bilateral discussions, including a meeting with President Widodo, to explore avenues for collaborative action in water resource management.

His delegation, comprising senior officials from the Presidential Secretariat and the Ministry of Foreign Affairs, reflects Sri Lanka’s comprehensive approach to addressing global water issues.

President Wickremesinghe’s participation underscores Sri Lanka’s proactive role in advancing sustainable solutions to ensure water security, not only domestically but also on the global stage, the PMD said.

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Mahinda, Sajith Join Indian HC At Mayurapathy Kovil Ceremony

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The procession of offerings for the Kumbhabhishekam Pooja began its journey from the Mayurapathy Kovil in Colombo, destined for the Seetha Amman Kovil in Nuwara Eliya.

A group of special representatives recently brought holy water from the Sarayu River in Ayodhya, India, considered the birthplace of Lord Rama, to Sri Lanka for the Kumbhabhishekam festival.

These offerings, including bowls containing the sacred water, were deposited at the Mayurapathy Kovil in Colombo yesterday.

Today, after a special pooja, the procession carrying the offerings began its journey.

Indian High Commissioner to Sri Lanka Santosh Jha, opposition leader Sajith Premadasa and former President Mahinda Rajapaksa were also present at this event.

The offerings are being taken to Seetha Eliya in a special procession.

The motorcade will travel to the Seetha Amman Kovil in Seetha Eliya, Nuwara Eliya.

It is believed that this temple is located in the jungle areas, where Princess Seetha was held after being brought to Sri Lanka.
(newsfirst.lk)

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Govt. to transform agriculture using modern tech – President

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President Ranil Wickremesinghe emphasized that the government plans to transform Sri Lankan agriculture using modern technology, including Artificial Intelligence (AI). The government is committed to support the private sector entrepreneurs interested in this initiative.

The President further mentioned that 100 Divisional Secretariat Divisions have been selected this year for the Agricultural Modernization Program. In the first phase, 25 Divisional Secretariat Divisions will receive the necessary facilities, while the second phase will extend modern agriculture practices to an additional 75 Divisional Secretariat Divisions.

President Ranil Wickremesinghe made these remarks during an observation tour of the AiGrow Company’s greenhouse in Nelumdeniya, Kegalle this morning (17). The inventor of Vega Car and the Group CEO of Vega innovations Dr. Harsha Subhasinghe accompanied the President on this visit. The AiGrow greenhouse is the first in Sri Lanka to utilize artificial intelligence technology.

With over seven years of experience in Sri Lanka’s agricultural sector, the AiGrow Company applies AI in both greenhouse and open cultivation, utilizing automated methods to enhance efficiency and productivity

The company designs and constructs customized greenhouses to meet specific customer requirements, offering continuous service and maintenance support for these facilities.

The company’s inaugural greenhouse, located in Nelumdeniya, Kegalle, comprises three sections where tomatoes, bell peppers and lettuce are cultivated. Additionally, AiGrow operates a separate greenhouse for mushroom cultivation.

AiGrow exports a significant portion of its harvest and supplies its branded products to local supermarkets.

Furthermore, the green agricultural automation devices produced by this company are being promoted to both local and international markets.

Additionally, AiGrow collaborates with local universities to provide educational opportunities in the field of applying AI to modern agricultural practices.

President Ranil Wickremesinghe conducted a visit to the AiGrow Company’s Nelumdeniya, Kegalle Greenhouse this morning, where he observed first-hand agricultural operations and production activities carried out using the modern technology.

During his visit, President Wickremesinghe also observed the electric three- wheelers and motorcycles developed by Dr. Harsha Subhasinghe.

Subsequently, the President participated in a discussion held at the premises, where he reiterated the government’s commitment to introducing modern agriculture to the country. He emphasized the government’s willingness to provide necessary financial support and training for this endeavour.

Additionally, President Wickremesinghe instructed officials to propose a bank loan system to facilitate this initiative.

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