Traditionally known for its agriculture and tourism sectors, Sri Lanka has often been overlooked as a technological innovation hub.

However, Twinery, the innovation division of global apparel technology leader MAS Holdings, is challenging this perception by announcing its achievement of securing its 100th utility patent.

As a leading innovation force in Sri Lanka, Twinery unites scientists, engineers, designers, and entrepreneurs to revolutionize the human-textile interface. 

Through collaborative efforts and visionary thinking, Twinery has developed 23 groundbreaking technologies in fields such as Material Science, Chemistry, Electronics, Thermodynamics, and Textile Engineering—transforming the future of fashion and beyond.

“Reaching 100 patents in just 13 years, from filing our first international patent in 2011, is an accomplishment we’re extremely proud of,” said Ranil Vitarana, Chief Innovation Officer and Chief Technology Officer at MAS Holdings. “

This milestone reflects the dedication and hard work of our team and the extensive research and collaboration that have placed us at the forefront of global textile innovation.”

Twinery’s success highlights the capabilities of home-grown talent to create world-class technologies, establishing Sri Lanka as a rising force in technology, apparel, and science.

 These 100 patents, covering 23 original innovations and granted in over 20 regions including the USA, Europe, Japan, and India, represent not only technological milestones but also a pathway to economic growth, sustainability, and the global elevation of Sri Lanka’s role in innovation.

Prof. Ajith de Alwis, Chief Innovation Officer at the National Innovation Agency, commented, “MAS is bringing Sri Lanka to the forefront of global technological innovation, and we hope this milestone will inspire a new generation to pursue careers in science and technology.”

Beyond product innovation, Twinery is committed to developing future talent. Through training programs, internships, global partnerships, and collaborations with universities, Twinery works to equip students with the skills necessary for success in research and development.

MAS emphasized that the achievement of 100 patents is more than a corporate milestone; it underscores Sri Lankan ingenuity and creativity. “As Twinery continues to lead the way in apparel technology, it remains committed to nurturing local talent and invites individuals and organizations to join its innovation journey,” MAS concluded.

Recent statements by certain vehicle import groups regarding the opening of Sri Lanka’s vehicle import market have caused significant controversy. 

These groups, making bold claims on national news, have been criticized for influencing market conditions without waiting for official government announcements. 

Virann De Zoysa, Chairman of the Ceylon Motor Traders Association (CMTA), emphasized that such actions disrupt the market and could lead to fluctuating prices for used vehicles. 

He urged accountability for such irresponsible remarks, which he believes could harm both vehicle owners and the industry.

De Zoysa explained that the CMTA advocates for a balanced policy that maximizes government revenue, reduces foreign exchange outflow, and ensures that high-quality vehicles are imported. 

He highlighted concerns over proposals to allow the import of vehicles up to 7 years old, fearing that such vehicles, which would be older than many currently in the country, could require costly repairs.

 He stressed that a more effective approach would involve revising tax policies to make vehicles more affordable without compromising quality.

Meanwhile, Indika Sampath Merinchige, President of the Vehicle Importers Association of Lanka (VIAL), revealed that vehicle importers are prepared to resume imports by February, pending government approval of lifting the personal vehicle import ban.

 Although the new government has yet to confirm the specifics, there is a strong indication that it will follow the framework laid out by the previous administration, which sought to ease restrictions on imports gradually.

Deputy Minister of Economic Development, Anil Jayantha, clarified that the government will allow imports in phases, focusing on commercial vehicles first, based on the country’s foreign exchange reserves. 

He noted that the government is committed to a gradual adjustment, with a phased introduction starting in early 2025, ensuring stability and avoiding market destabilization.

The Governor of the Central Bank of Sri Lanka (CBSL), Nandalal Weerasinghe, echoed the previous administration’s stance, affirming that the financial conditions influencing the decision to lift the ban remain stable. 

While the official timeline for personal vehicle imports is set for February 2025, the final decision will depend on the Ministry of Finance’s assessment of economic conditions.

Additionally, new regulations aim to prevent bulk imports and hoarding by dealers, which could destabilize the market. A tax will be imposed on importers who fail to register vehicles within 90 days, with penalties for unregistered vehicles being sold.

Under the previous government’s import policy, three stages were outlined:

Stage 1 (October 2024): Imports of public transport, special-purpose vehicles, and non-motorized goods vehicles.

Stage 2 (December 2024): Commercial vehicles for goods transportation.

Stage 3 (February 2025): Personal-use vehicles like cars, SUVs, and pickups.

Key conditions of the policy include stricter environmental standards, prioritizing environmentally friendly vehicles and electric vehicles, and setting age limits for imports. 

From October 2024, passenger and commercial vehicles will be restricted to a maximum age of five years, while special-purpose vehicles can be up to ten years old. 

Additionally, an annual licensing system will regulate the market, ensuring contributions to the national tax system.

The evolving vehicle import landscape in Sri Lanka reflects a delicate balancing act between economic recovery, market stability, and consumer needs.

The Public Utilities Commission of Sri Lanka (PUCSL) will announce its final decision on proposed electricity tariff revisions on 17 January 2025. Public consultations will begin on 17 December 2024, allowing citizens to submit feedback on the changes until 8 January 2025. 

On December 06, the Ceylon Electricity Board (CEB) submitted its tariff proposal, which suggested continuing current rates for the next six months. The proposal aims to revise tariffs for the first half of 2025, with the changes expected to take effect from mid-January.

The previous government had suggested quarterly tariff revisions, but under the current administration, revisions have been limited to twice a year. In 2023, there were three tariff hikes, and this year, two adjustments were made.

Amid these developments, concerns have arisen over the CEB’s decision to purchase electricity from private thermal power plants despite the recent heavy rains that filled reservoirs to full capacity, ensuring sufficient hydropower generation.

 The CEB defended this decision, explaining that it was necessary to address sudden changes in the electricity dispatch order.

 Dhanushka Parakramasinghe, the CEB Media Spokesperson, denied any ulterior motives, emphasizing that the move was made to stabilize power supply, not to favor private companies. 

He further explained that hydropower generates about 50% of the country’s electricity, with coal and other sources supplementing the rest. The purchase was made in response to fluctuations in the power dispatch order, ensuring uninterrupted electricity supply.

However, the Technical Engineers and Supervisors Association of the CEB raised concerns about the timing of the purchases. 

The association’s Vice President, Nandana Udayakumara, questioned why power was bought from private thermal plants when hydropower plants and the Norochcholai coal power plant were capable of meeting the demand. 

He pointed out discrepancies in CEB’s operational records, noting that only two-thirds of the Norochcholai plant was operational at the time, and one unit was running at low capacity. 

Udayakumara demanded an investigation into the matter, citing concerns about the decision’s motives, particularly when cheaper and more efficient sources of power were available.

The CEB has pledged to release a video explaining the decision-making process to the public, aiming to clarify its stance and ensure transparency.