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Omega Line honored as ‘Most Outstanding Exporter – Merchandise’ at the 45th Anniversary of BOI Sri Lanka
The Board of Investment (BOI) of Sri Lanka recently commemorated its 45th Anniversary with an inaugural awards ceremony on 02 April, recognizing companies with exemplary contributions to the nation’s economic landscape. Among the distinguished recipients, Omega Line Limited was honored as “Most Outstanding Exporter – Merchandise.”
Felix A. Fernando, CEO/Managing Director of Omega Line, and Paola Fava, Director – Quality Assurance & General Manager of Omega Line – Vavuniya Apparels, graciously accepted the prestigious award from President Ranil Wickremesinghe. The recognition by BOI underscores Omega Line’s significance as one of the leading apparel exporters in the country.
BOI’s selection criteria were based on recognizing companies that have made tremendous contribution towards Sri Lanka’s economic transition over the past forty-five years, especially on foreign direct investment (FDI) projects that have positively impacted the local economy.
Omega Line’s commendation reflects its noteworthy achievements in fostering economic growth and employment generation, aligning with BOI’s mandate to facilitate FDI and promote sustainable development.
Specializing in corsetry and beachwear, Omega Line boasts an impressive annual production and export volume exceeding 100 million garments, with an export turnover of over USD 370 million last year while sustaining a workforce of over 4,500 individuals, with a significant majority being women. The company’s commitment to advancing domestic fabric manufacturing capacities through local collaborations underscores its dedication to building a resilient and adaptable supply chain.
Its achievements are emblematic of the group’s larger impact on Sri Lanka’s economy. Employing over 15,500 individuals and exporting nearly 200 million garments last year, the Omega Group’s collective efforts have positioned Sri Lanka as a global hub for apparel manufacturing and export. Despite prevailing economic challenges, Omega Group’s turnover exceeded USD 600 million last year, with investments totaling over USD 350 million across its four legal entities in the country.
Apart from being chosen for the exclusive list of “The 15 Best Workplaces in the Manufacturing and Production Industry in Sri Lanka,” by Great Place to Work, 2024 was a significant year for the company. Omega Line was also won the award for its economic contribution to Sri Lanka at the Best Corporate Citizen Sustainability Awards held early this year.
The award categories included significant FDI contributors and longstanding BOI enterprises and exporters. The 45th anniversary of BOI Sri Lanka was inaugurated by President Ranil Wickremesinghe, while State Minister of Investment Promotion Dilum Amunugama and BOI Chairman Dinesh Weerakkody were also present at the event. President Wickremesinghe went onto commended the pivotal role played by companies under the BOI’s purview in driving Sri Lanka’s economic growth.
The U.S. Embassy in Colombo welcomed the U.S. Sports Envoys to Sri Lanka, former National Basketball Association (NBA) and Women’s National Basketball Association (WNBA) players Stephen Howard and Astou Ndiaye, from June 8 through 14.
The Public Diplomacy section of the U.S. Embassy said that it would launch a weeklong basketball program intended to harness the unifying power of sports, made possible through collaboration with Foundation of Goodness and IImpact Hoop Lab.
While in Sri Lanka, Howard and Ndiaye, both retired professional basketball players, will conduct a weeklong program, Hoops for Hope: Bridging Borders through Basketball. The Sports Envoys will lead basketball clinics and exhibition matches and engage in leadership sessions in Colombo and Southern Province for youth aged 14-18 from Northern, Uva, Eastern and Western Provinces, offering skills and leadership training both on and off the court. The U.S. Envoys will also share their expertise with the Sri Lanka Basketball Federation, national coaches, and players, furthering the development of basketball in the country. Beyond the clinics, they will collaborate with Sri Lankan schoolchildren to take part in a community service project in the Colombo area.
“We are so proud to welcome Stephen and Astou as our Sports Envoys to Sri Lanka, to build on the strong people-to-people connections between the United States and Sri Lanka,” said U.S. Ambassador Julie Chung. “The lessons that will be shared by our Sports Envoys – communication, teamwork, resilience, inclusion, and conflict resolution – are essential for leadership development, community building, equality, and peace. The U.S. Sports Envoy program is a testament to our belief that sports can be a powerful tool in promoting peace and unity.”
SJB Colombo District MP Mujibur Rahuman in parliament demanded to know from the government the reasons for CEB suspending the leave of all its employees until further notice from Thursday.
MP Rahuman said that the CEB has got an acting General Manager anew and the latter yesterday morning issued a circular suspending leave of all CEB employees with immediate effect until further notice.
“We demand that Minister Kanchana Wijesekera should explain this to the House. This circular was issued while this debate on the new Electricity Amendment Bill was pending. There are many who oppose this Bill. The Minister must tell parliament the reason for the urge to cancel the leave of CEB employees,” the MP said.However, Speaker Mahinda Yapa Abeywardena prevented Minister Wijesekera responding to the query and said that the matter raised by MP Rahuman was not relevant.
The Chartered Institute of Personnel Management (CIPM) successfully concluded the 8th Annual CIPM Symposium, which took place on 31st May 2024. Themed “Nurturing the Human Element—Redefining HRM in a Rapidly Changing World,” the symposium underscored the pivotal role of human resource management (HRM) in today’s dynamic global landscape. Since its inception in 1959, CIPM has been dedicated to advancing the HR profession through education, professional development, and advocacy, solidifying its position as Sri Lanka’s leading professional body for HRM.
Ken Vijayakumar, the President of the CIPM, graced the occasion as the chief guest. The symposium commenced with the welcome address by the Chairperson, Prof. Arosha Adikaram, followed by the Web Launch of the Symposium Proceedings and Abstract Book by the CIPM President. The event featured distinguished addresses, including a speech by Chief Guest Ken Vijayakumar, President of CIPM, and an address by Guest of Honor Shakthi Ranatunga, Chief Operating Officer of MAS Holdings Pvt. Ltd., Sri Lanka.
The symposium also featured an inspiring keynote address by Prof. Mario Fernando, Professor of Management and Director of the Centre for Cross Cultural Management (CCCM) at the University of Wollongong, Australia.
Vote of Thanks of the inauguration session was delivered by Dr. Dillanjani Weeratunga, Symposium Co-chair.
The symposium served as a comprehensive platform for researchers to present their findings across a wide range of critical topics in HRM. These included Cultural Diversity and Inclusion, Talent Development and Retention, Ethical Leadership and Corporate Social Responsibility, Adapting to Technological Advancements, Mental Health and Well-being at Work, Global Workforce Challenges, Employee Empowerment, and Reskilling and Upskilling.
The plenary session was led by Prof. Wasantha Rajapakse. Certificates were awarded to the best paper presenters during the valedictory session, followed by a vote of thanks delivered by Kamani Perera, Manager of Research and Development.
The annual symposium of CIPM was a truly inclusive event, attracting a diverse audience that spanned undergraduates, graduates, working professionals, research scholars and lecturers. This widespread interest highlights the symposium’s significance in the field of HRM, offering a unique opportunity for everyone to network and learn from scholarly brains.The CIPM International Research Symposium was sponsored by Hambantota International Port, Sri Lanka Institute of Information Technology (SLIIT), E B Creasy & Co. PLC, and Print Xcel Company.
US sports envoys to Lanka to champion youth development
Rahuman questions sudden cancellation of leave of CEB employees
