People – EconomyNext https://economynext.com EconomyNext Wed, 22 May 2024 16:34:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://economynext.com/wp-content/uploads/2019/09/cropped-fev-32x32.png People – EconomyNext https://economynext.com 32 32 Ravi Jayasekera to continue as acting chief executive officer for Hemas https://economynext.com/ravi-jayasekera-to-continue-as-acting-chief-executive-officer-for-hemas-164285/ https://economynext.com/ravi-jayasekera-to-continue-as-acting-chief-executive-officer-for-hemas-164285/#respond Wed, 22 May 2024 13:52:03 +0000 https://economynext.com/?p=164285 ECONOMYNEXT – Ravi Jayasekera will continue as acting chief executive officer for Hemas Holdings Plc, the company said.

“Ravi Jayasekera has been appointed as the Acting CEO w.e.f. 22nd May 2024 in addition to his current responsibilities as the Chief People Officer of Hemas Holdings PLC. Mr. Ravi Jayasekera in his capacity as the Acting CEO will oversee the affairs of the Company and the Group,” the company said in a stock exchange filing.

“The Board of Directors continues the search for a successor for the position of CEO and has resolved to make the above interim arrangements until a further announcement is made.

Kasturi C Wilson announced her resignation from the position of CEO in October 2023. She continues to serve on the Board of Directors in the capacity of a non-independent non-executive director.

Jayasekera has over 20 years of leadership experience in Human Resources. He was at Union Bank of Colombo PLC immediately prior to joining Hemas.

He has worked at HSBC as its Head of HR for Sri Lanka and Maldives, Head of HR for HSBC Australia, Head of HR for Mauritius and Senior Manager Group HR for Retail Banking and Wealth Management based in Hong Kong.

Prior to joining HSBC, he worked at Standard Chartered Bank and Standard Chartered Grindlays Bank in several HR roles which included HR Operations, Employee Relations, Industrial Relations and Compensation and Benefits.

Ravi Jayasekera holds a MBA from the University of Western Sydney, Australia. (Colombo/May22/2024)

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VFS Global hires GB Srithar as head of Tourism Services https://economynext.com/vfs-global-hires-gb-srithar-as-head-of-tourism-services-164048/ https://economynext.com/vfs-global-hires-gb-srithar-as-head-of-tourism-services-164048/#respond Tue, 21 May 2024 12:21:36 +0000 https://economynext.com/?p=164048 ECONOMYNEXT – VFS Global, a service provider for visa services for governments, said it had hired G B Srithar as its Head of Tourism Services.

“His expertise positions him to lead our efforts with our client governments to promote travel, trade, and tourism from key source markets,” Founder and CEO, VFS Global Zubin Karkaria said.

Srithar was previously at the Singapore Tourism Board (STB). He served as the Area Director for South India and Sri Lanka and led the International Marketing and Brand Campaigns teams at STB’s headquarters. As Regional Director he was responsible for the STB’s regional marketing, tourism development, and trade partnership work across India, the Middle East, South Asia, and Africa.

Srithar will support client governments by offering specialised services in travel, trade, and tourism services, VFS said in a statement. “This support will add value and enable these governments to achieve their strategic goals of boosting tourism and trade in their respective countries.”

Srithar is a Singapore national who has completed his Bachelor of Arts (majored in Sociology and English Language) as well as his Bachelor of Social Science (Honours) in the National University of Singapore). (Colombo/May21/2024)

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Sri Lankans trapped in Myanmar forced labour cyberscam come home https://economynext.com/sri-lankans-trapped-in-myanmar-forced-labour-cyberscam-come-home-159163/ https://economynext.com/sri-lankans-trapped-in-myanmar-forced-labour-cyberscam-come-home-159163/#respond Thu, 18 Apr 2024 12:15:31 +0000 https://economynext.com/?p=159163 ECONOMYENXT – Eight Sri Lankans who were trafficked for forced criminal activities in cyber scamming compounds in Myanmar returned to Sri Lanka today.

“Myanmar law enforcement authorities rescued these Sri Lankans on 4 April 2024, following the request by the Government of Sri Lanka,” the Ministry of Foreign Affairs said in a statement.

“The Sri Lanka Embassy officials in Bangkok received them on 11 April 2024 at the Mae Sot border gate in Thailand, and subsequently they were brought to Bangkok and provided accommodation until their repatriation was arranged with the assistance of the International Organization for Migration.”

The International Organization for Migration provided logistical assistance in repatriating the rescued Sri Lankans.

The Sri Lankan Embassy in Myanmar, through the Eden Foundation, a charity organization based in Myanmar, provided them with food and other necessities during their stay at the Myawaddy Police Station following the rescue from traffickers. (Colombo/Apr18/2024)

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Kaushali Kusumapala appointed Coca-Cola Country Director for Sri Lanka and the Maldives https://economynext.com/kaushali-kusumapala-appointed-coca-cola-country-director-for-sri-lanka-and-the-maldives-158522/ https://economynext.com/kaushali-kusumapala-appointed-coca-cola-country-director-for-sri-lanka-and-the-maldives-158522/#respond Mon, 15 Apr 2024 07:04:00 +0000 https://economynext.com/?p=158522 ECONOMYNEXT – Kaushali Kusumapala has been appointed Country Director for Sri Lanka and the Maldives, becoming the first woman to hold the position, the company said.

“In this position, Kaushali will closely collaborate with bottling teams, customers, partners, consumers and external stakeholders in Sri Lanka and Maldives,” the company said.

Kusumapala said she will collaborate with bottling partners, Coca-Cola Beverages Sri Lanka and Male’ Aerated Water Company, and other stakeholders.

“For some years now, Coca-Cola holds a special place for me as a consumer and as a marketeer, and I am deeply committed to steering our loved brands and franchise operations to greater heights,” she said in the statement.

She takes over from Pankaj Sinha, who was country director for 2019.

“The Coca-Cola Company is steadfast in its commitment to building a sustainable business in Sri Lanka and Maldives and Kaushali will play an important part in moving the needle,” Ajay Vijay Bathija, Vice President of Franchise Operations for Southwest Asia (SWA) said.

Kaushali is a graduate of the University of Melbourne, where she earned her Bachelor of Commerce degree. She was a recipient of the Slim Brand Excellence and SLIM Kantar People’s Awards for Local Brand of the Year and CSR Brand of the Year.

Coca-Cola has been present in Sri Lanka since 1961, and has a network of over 80,000 retailers and a direct workforce of over 400 employees. (Colombo/Apr15/2024)

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Sri Lanka minister Thondaman chosen as World Economic Forum Young Global Leader https://economynext.com/sri-lanka-minister-thondaman-chosen-as-world-economic-forum-young-global-leader-157708/ https://economynext.com/sri-lanka-minister-thondaman-chosen-as-world-economic-forum-young-global-leader-157708/#respond Fri, 05 Apr 2024 10:31:20 +0000 https://economynext.com/?p=157708 ECONOMYNEXT – Sri Lanka’s Minister of Water Supply and Estate Infrastructure Jeevan Thondaman has been chosen as a Young Global Leader by the World Economic Forum, a ministry statement said.

“He worked relentlessly to create a conducive environment for plantation workers, ensuring fair wages, safe working conditions and adequate benefits,” the World Economic Forum said on its website.

“As Minister for Water Supply, he has been spearheading ambitious reforms in the water sector to increase access to safe and affordable drinking water, create a climate resilience roadmap for water services and a transparent pricing formula that protects the most vulnerable in society.”

The YGL is a multi-stakeholder community of more than 1,000 young leaders. Past inductees included French President Emmanuel Macron and former New Zealand Prime Minister Jacinda Arden.

“He continues to advocate for the rights of all marginalized people in Sri Lanka, especially workers, women, ethnic minorities and the LGBT+ community.” (Colombo/Apr5/2024)

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Jayamin Pelpola appointed to Sri Lanka’s BOC board https://economynext.com/jayamin-pelpola-appointed-to-sri-lankas-boc-board-152312/ https://economynext.com/jayamin-pelpola-appointed-to-sri-lankas-boc-board-152312/#respond Tue, 27 Feb 2024 12:25:37 +0000 https://economynext.com/?p=152312 ECONOMYNEXT – Jayamin Pelpola, a fintech entrepreneur and investor, has been appointed to the board of Bank of Ceylon (BOC) as a non-executive director with immediate effect.

Pelpola has over 15 years of international experience in investment banking, asset management and digital finance.

As a senior consultant, Pelpola advised US banks and international Central Banks on banking sector reforms.

In 2015 Pelpola entered the financial technology (FinTech) space. He developed a proprietary market pricing model to value non-traditional assets.

He serves as a Director of Onterra Group and a Director of Jayaru TP. He was appointed as a board member of the Board of Investment (BOI) of Sri Lanka in 2020.

Pelpola received his MBA from Harvard University (Cambridge, Massachusetts). He obtained his charters from the CFA Institute (USA) and CIMA (UK), and Postgraduate Diploma in Marketing from CIM (UK). He is a past pupil of Nalanda College and Gateway International School. (Colombo/Feb27/2024)

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CEB spokesman resigns after insensitive comments https://economynext.com/ceb-spokesman-resigns-after-insensitive-comments-151927/ https://economynext.com/ceb-spokesman-resigns-after-insensitive-comments-151927/#respond Thu, 22 Feb 2024 05:34:51 +0000 https://economynext.com/?p=151927 ECONOMYNEXT – The official spokesman of the Ceylon Electricity Board, Sri Lanka’s state-owned electricity supplier, has resigned from the post after controversial comments he made on a talk show sparked anger.

CEB spokesman engineer Noel Priyantha told a talk show on the TV station Ada Derana on Tuesday that children don’t need electricity, or lights, to study and can do so with a kerosene lamp. “People have got used to free electricity… Why do children need electricity to study? If there is no electricity they can use a bottle lamp (ku-ppi lam-pu-wa).. That’s how I studied. People should know to use what they have and come up in life.”

“The Management of CEB has also informed me that the spokesperson has tendered his resignation from the post and issued a public apology for his statement. The management will also take appropriate steps regarding the statement made,” Minister of Power and Energy Kanchana Wijesekera said on X (twitter) Thursday.

Wijesekera said he agreed with the sentiments of everyone who “had raised the lack of empathy and professionalism in the statement made by the CEB spokesperson.”

The comments were widely circulated on social media, including by Minister of Water Supply and Estate Infrastructure Jeevan Thondaman, after the comments criticized estate sector people as being drunk after 2 pm and blamed parents for not providing for children. “The ‘entire’ statement made by the CEB spokesperson, lacks empathy and is unacceptable,” Thondaman said.

Wijesekera then hastened to point out that “The statement does not reflect the views of the Govt or the CEB. and would like to extend my apology on behalf of the Ministry & CEB.”

Sri Lanka’s estate workers are some of the most impoverished people in the island, trapped in a poverty cycle with no resources necessary to escape poverty. They have no land rights or adequate education facilities. (Colombo/Feb22/2024)

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Sri Lanka interim mechanism discusses reconciliation bill https://economynext.com/sri-lanka-interim-mechanism-discusses-reconciliation-bill-150632/ https://economynext.com/sri-lanka-interim-mechanism-discusses-reconciliation-bill-150632/#respond Mon, 12 Feb 2024 08:49:26 +0000 https://economynext.com/?p=150632 ECONOMYNEXT – Sri Lanka’s Interim Secretariat for Truth and Reconciliation Mechanism (ISTRM), recently held a forum to discuss the draft bill for a Commission for Truth, Unity, and Reconciliation (CTUR), amidst Human Rights Watch criticism.

“The primary objective of the forum was to discuss various aspects of the draft bill for a Commission for Truth, Unity, and Reconciliation (CTUR), which will play a pivotal role in addressing grievances of persons affected by the conflict in the North and East, promote reconciliation and non-recurrence,” a statement by the President’s media division said.

The statement added that, “participants expressed views on the handling of sensitive information related to national security, collaboration with National Archives for systematic records management and the involvement of the Tamil diaspora in the transitional justice process.”

“Participants were informed that the draft CTUR bill is available for review and feedback by the stakeholders, and that this inclusive approach is adopted to ensure that the proposed legislation takes account of the diverse needs and concerns of all sections of society.”

However, in its report ‘If We Raise Our Voice They Arrest Us’ released by Human Rights Watch in September 2023, 80 interviews with relatives and victims of enforced disappearances, abuse, human rights defenders, activists and journalists from the North East showed that the government had not consulted with victims in the past.

It was documented that the Sri Lankan government had ignored evidence from its own past commissions, and had exposed victims who participate in the commissions to further security force abuses.

The forum provided a platform for discussion on aspects of transitional justice, “including the need to adopt a victim-centric approach ensuring that the voices of victims are heard,” the statement said. (Colombo/Feb12/2024)

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Sri Lanka president urges new landholders to safeguard right https://economynext.com/sri-lanka-president-urges-new-landholders-to-safeguard-right-150070/ https://economynext.com/sri-lanka-president-urges-new-landholders-to-safeguard-right-150070/#respond Tue, 06 Feb 2024 09:42:51 +0000 https://economynext.com/?p=150070 ECONOMYNEXT – Sri Lanka’s President Ranil Wickremesinghe who distributed an initial 10,000 freehold titles to land to farmers as part of the first phase of the Urumaya program urged beneficiaries to safeguard their new right.

“I urge everyone to cherish and safeguard this right, not just for themselves but for future generations,” Wickremesinghe said during the ceremony at the Rangiri Dambulu Stadium on Monday (5).

The ‘Urumaya’ program will be rolled out nationwide benefiting an estimated 2 million farming families. The 2024 budget allocated 2 billion rupees for the program’s implementation.

Applicants seeking full ownership of land will receive freehold titles in three main stages. To streamline the process and address community concerns, a Urumaya National Operations Secretariat was established under the Presidential Secretariat, coordinating relevant institutions.

Related story
Sri Lanka launches operations secretariat for free hold land distribution

“This monumental step empowers our citizens to exercise control over their land without the need for constant approvals from authorities,” Wickremesinghe said when he personally distributed a first batch of land deeds. “Let us capitalize on this opportunity for progress and development.”

“If the Government Land Ordinance could grant land to white individuals and provide free land rights to investors, there is no reason why the same rights cannot be extended to the general public.”

The president’s full speech on the occasion is as follows:

“This is our homeland, the place of my birth, the nation that defines my heritage. Today marks a significant occasion as we gather to address a longstanding struggle faced by the people of our beloved nation—the quest for land rights. What we are witnessing today is a transformative moment, a revolution, as we grant land rights to 02 million individuals. This monumental step empowers our citizens to exercise control over their land without the need for constant approvals from authorities.

I urge everyone to cherish and safeguard this right, not just for themselves but for future generations. Let us capitalize on this opportunity for progress and development. While many parts of the world have witnessed revolutions to secure land rights, our country is distinguished by achieving this milestone without the need for such upheavals.

Many deemed this impossibility, but our government made the decisive choice. Specifically, those engaged in farming and those who have built houses will now hold the rights to that land. I extend my gratitude to all involved in agricultural activities. Your support in the last Maha and Yala seasons played a crucial role in revitalizing the country’s economy, leading to a successful harvest.

Additionally, I acknowledge those who have constructed homes on these lands. It is in appreciation of their contributions that we grant this freehold land right. This marks a historic moment, as even during the Sinhalese dynasty, there was no established deed system. Lands were allocated to the privileged and Nilames through letters, while others received land for cultivation without permanent deeds. The Waste Land Act designated all such lands to the government, leaving the people with nothing.

Mr. D.S Senanayake initiated efforts to allocate land to people for farming under the Land Development Ordinance Act of 1935. The Land Acquisition Act was utilized to acquire land for village expansion, but ownership rights were not granted.

Subsequently, settlements were established in arid regions, accompanied by the commencement of paddy cultivation. Mr. Philip Gunawardena introduced the Paddy Act to enhance paddy fields in the wet zone where the majority existed, facing considerable opposition. However, the initiative persevered.

During the Mahaweli movement, Mr. J R Jayawardena allocated additional acres to the people. We are now launching a similar program.

In the past, Mr. Gayantha Karunathilaka faced legal challenges when initiating this program, accused of introducing a new law. However, this time, I did not encounter such opposition. If the Government Land Ordinance could grant land to white individuals and provide free land rights to investors, there is no reason why the same rights cannot be extended to the general public.

Today, we are granting free land rights to everyone using the same ordinance that facilitated land allocation to investors. No legal hurdles need to be overcome again. This program is historic and revolutionary. Land rights have only been granted in Asia by Japan and South Korea, and today, the people of our country have acquired this right.

I have instructed the swift implementation of this initiative in every divisional secretariat. I urge all Members of Parliament to unite without party distinctions for the success of this endeavour.

It must be acknowledged that the current government in Sri Lanka is unprecedented, with individuals from various parties coming together to take on responsibilities during challenging times. Despite the complexities of forming a government with contributions from different parties, we faced the task of rebuilding the country.

While our nation is gradually recovering, I recognize the hardships endured by the people. Efforts have been made to provide relief through programs such as the ‘Aswesuma’ program and salary increases for government employees. Emerging from a state of bankruptcy, the next step involves granting free land rights to the people. Despite economic challenges, undertaking these initiatives raises the question of what cannot be achieved in the future with a strengthened national economy.

Continuing on the path we have embarked upon, there is the potential to achieve a 5% economic growth in 2025. Our collective efforts, transcending party politics, have contributed to the success achieved so far. I urge everyone to unite in carrying forward this work, keeping the future of our people in mind.

We have already granted land rights to 02 million people and provided benefits to another 02 million, along with salary increases for 1.5 million. The development of the tourism sector has also created new income streams. If such significant accomplishments can be achieved with parliamentary unity, envision the possibilities if all members collaborate. This is the direction we must take.

Anticipating further legislative measures to foster the country’s development, let us advance together. An extensive agricultural revolution is underway, transforming the landscape through agricultural modernization.

We must avoid falling into debt again and prevent becoming a nation of beggars. Safeguarding our pride is crucial, and we must embark on this journey together. Today, each one of you is a stakeholder in this country. I encourage everyone to act with pride and wish you all the best.”

(Colombo/Feb6/2024)

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Imad Fakhoury appointed IFC South Asia regional director https://economynext.com/imad-fakhoury-appointed-ifc-south-asia-regional-director-148231/ https://economynext.com/imad-fakhoury-appointed-ifc-south-asia-regional-director-148231/#respond Mon, 22 Jan 2024 09:45:10 +0000 https://economynext.com/?p=148231 ECONOMYNEXT – The International Finance Corporation has appointed Imad N Fakhoury as Regional Director for South Asia, the World Bank Group member said in a statement.

“Private sector investment is key to achieving South Asia’s development goals,” said Fakhoury. “Our focus is on creating opportunities where they are needed most, sustaining jobs, supporting climate goals, improving inclusion for all by improving services for people, and strengthening digital and financial access across the region.”

IFC provides investment and advisory interventions across Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka.

In 2023, IFC provided nearly 3.45 billion dollars in long-term investments in South Asia, including 1.3 billion dollars mobilized from other investors, according to the statement.

“I look forward to engaging with all stakeholders to ramp up our support for sustainable infrastructure … while empowering small businesses and facilitating public-private partnerships (PPPs) to increase the region’s resilience.”

Fakhoury held several ministerial positions in successive Jordanian governments as Minister of Planning and International Cooperation, Minister of Mega Projects, Minister of Public Sector Development, and Chief of Staff to the King of Jordan.

Fakhoury has a BSc in Biomedical Engineering, an MSc in Engineering Management, a Master’s in Public Policy, and an MBA.

“Fakhoury’s deep experience in enabling and scaling up private capital mobilization for sustainable infrastructure and climate transitions will be a huge asset for IFC,” Riccardo Puliti, IFC’s Regional Vice President for Asia and the Pacific was quoted in the statement. (Colombo/Jan22/2024)

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Dasun Perera appointed Chief Executive of Senfin Securities https://economynext.com/dasun-perera-appointed-chief-executive-of-senfin-securities-148224/ https://economynext.com/dasun-perera-appointed-chief-executive-of-senfin-securities-148224/#respond Mon, 22 Jan 2024 09:00:58 +0000 https://economynext.com/?p=148224 ECONOMYNEXT – Dasun Perera has been appointed Chief Executive at Senfin Securities Limited, a trading member of the Colombo Stock Exchange, which is affiliated to Senkadagala Finance.

Perera was the Deputy Chief Investment Officer of Senkadagala Finance PLC (SFCL).

He had previously been at NDB Wealth Management, Senfin Asset Management (Pvt) Ltd and at JB Financial (Pvt) Ltd.

Perera had gained post graduate experience with placements at the Inspiration Group in Germany and BlackRock in UK.

He is a CFA charter holder. He has Bachelor of Commerce degree and Master of Finance (MFin) degree. (Colombo/Jan22/2024)

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Sri Lanka to bring end to missing persons matter by 2025: President https://economynext.com/sri-lanka-to-bring-end-to-missing-persons-matter-by-2025-president-146511/ https://economynext.com/sri-lanka-to-bring-end-to-missing-persons-matter-by-2025-president-146511/#respond Mon, 08 Jan 2024 09:50:07 +0000 https://economynext.com/?p=146511 ECONOMYNEXT – Sri Lanka is in the process of resolving an issue of missing persons by 2025, President Ranil Wickremesinghe had said during a meeting with Akila Thirunayaki, an athlete from Mullaitivu, according to his media office.

“We are committed to resolving the land issue in the North and addressing the missing persons’ matter before the conclusion of 2025,” President Wickremesinghe was quoted as saying in a statement.

The Council of the European Union in November in a Joint Staff Working document on the progress of Sri Lanka, highlighted concerns regarding the independence and effectiveness of the Office on Missing Persons and the Office of Reparations, after the introduction of the 20th amendment of the Sri Lankan Constitution in October 2020.

Sri Lanka is preparing for a possible renewal of its trade concession scheme with the European Union trade bloc, namely, the Generalised Scheme of Preferences Plus (GSP+).

The GSP+ grants tariff-free access for Sri Lankan exports conditioned on compliance with international human rights conventions.

The island nation is to participate in the 55th session of the UN Human Rights Council in Geneva, in February this year. Sri Lanka’s ratifications of the human rights conventions, keeping in line with the scheme, are to be brought under scrutiny.

Sri Lanka in its budget for 2024 announced that it had provided compensation to 181 missing persons and victims affected by the internal conflict in the Northern and Eastern Provinces and another 170 persons are to be compensated for by the end of 2023.

According to the official speech, the preliminary work for the compensation process for 6,300 incidents, out of the submitted requests, has been completed.

“Rs 1,500 million has already been allocated by the Appropriation Act,” it said, with an allocation of Rs 1,000 million to expedite the allocations. (Colombo/Jan08/2023)

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Sri Lanka FM calls Myanmar counterpart for help in repatriating Myawaddy detainees https://economynext.com/sri-lanka-fm-calls-myanmar-counterpart-for-help-in-repatriating-myawaddy-detainees-146063/ https://economynext.com/sri-lanka-fm-calls-myanmar-counterpart-for-help-in-repatriating-myawaddy-detainees-146063/#respond Thu, 04 Jan 2024 10:21:10 +0000 https://economynext.com/?p=146063 ECONOMYNEXT – Minister of Foreign Affairs Ali Sabry has contacted the Deputy Prime Minister and Minister of Foreign Affairs of Myanmar U Than Swe by telephone on Wednesday (3), to discuss the issue of Sri Lankan nationals held in the Myawaddy area in Myanmar.

In the call Sabry sought the assistance and urgent intervention of the Government of Myanmar in having these Sri Lankans released, according to a Ministry of Foreign Affairs statement.

“As per the information available to the Ministry of Foreign Affairs, 56 Sri Lankan nationals are being illegally held in Myawaddy area as victims of human trafficking for cybercrimes.”

The Sri Lankans are believed to have entered Myanmar on tourist visas in search of employment.

“The Ministry continues to explore all possible avenues to ensure the safety and security of Sri Lankans and seek early repatriation in consultation with the Government of Myanmar.” (Colombo/Jan4/2024)

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Sri Lanka resettlement will be based on 1985 map: President https://economynext.com/sri-lanka-resettlement-will-be-based-on-1985-map-president-145119/ https://economynext.com/sri-lanka-resettlement-will-be-based-on-1985-map-president-145119/#respond Thu, 28 Dec 2023 10:18:22 +0000 https://economynext.com/?p=145119 ECONOMYNEXT – The government is actively working on addressing concerns of all segments of the population, President Ranil Wickremesinghe said.

“Despite the conclusion of the war, unresolved matters persist before the Human Rights Commission in Geneva and we have taken necessary steps to address these issues,” Wickremesinghe said at the centenary celebration of Badulla Guruthalawa Muslim Central College on Wednesday (27).

“Efforts are underway to rectify the displacement of some individuals by allowing settlement based on the 1985 map,” Wickremesinghe was quoted as saying on the occasion according to a statement by his media division.

“Land rights are being granted to those affected in the northern and eastern provinces, comprising Tamil, Muslim, and Sinhalese communities.”

The government is also focusing on addressing missing persons, Wickremesinghe said, and providing compensation.

“We are committed to developing the economies of the northern and eastern provinces. A robust economy is essential to prevent the recurrence of underlying issues even after their resolution.”

Wickremesinghe added that special attention is being given to the concerns of Hill Country Tamil people, with dedicated programs focusing on their rights, including land and education development. This is an area that has drawn much Indian support.

“Additionally, efforts are ongoing to address the issues faced by the Muslim community, including a thorough review of burial practices and the removal of Post – Easter Sunday attack restrictions.”

“The path to a prosperous nation lies in collective progress as Sri Lankans.” (Colombo/Dec 28/2023)

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President, Tamil MPs discuss Sri Lankan refugees in India https://economynext.com/president-tamil-mps-discuss-sri-lankan-refugees-in-india-144685/ https://economynext.com/president-tamil-mps-discuss-sri-lankan-refugees-in-india-144685/#respond Fri, 22 Dec 2023 06:05:07 +0000 https://economynext.com/?p=144685 ECONOMYNEXT – The plight of Sri Lankans in Indian refugee camps was discussed during a meeting between the president and leaders of the North and East, at the Presidential Secretariat on Thursday (21).

Members of Parliament R Sampanthan, S Rasamanickam, G Karunakaran, T Kalaiarasan and Kulasingham Dileepan were present at the discussion which focused on the provision of land rights for the people in the Northern and Eastern Provinces, the implementation of laws related to resettlement and reconciliation, and issues concerning district development, in addition to the challenges faced by Sri Lankans in refugee camps in India.

Though Sri Lankan politicians have pledged to address the larger concerns pertaining to Tamil populations, such as reconciliation, resettlement, and rehabilitation in the past, the matter of Sri Lankan Tamil refugees in Indian camps has yet to be addressed by a Sri Lankan head of state.

Successive Sri Lankan administrations have had differing repatriation and reintegration plans. Direct concerns over safety, lands, housing, livelihood, and reconciliation have been reported as reasons why refugees refuse to return to Sri Lanka.

Protests, political declarations, and calls for the Indian central government to be more aggressive in safeguarding the safety and well-being of Sri Lankan Tamils in India and Sri Lanka have occurred in the past.

However, interventions and actions taken by the Tamil Nadu government regarding Sri Lankan refugees have been sporadic and influenced by political dynamics, with changes in leadership, and the evolving relationships between India and Sri Lanka.

Since 2022, Sri Lanka has experienced its worst economic crisis as a result of a number of issues including the COVID-19 pandemic, dwindling tourism, the fuel crisis, a shortage of basic commodities, and soaring debt.

This has led to a rise in migration with illegal methods including ferries being used by migrants to get to Dhanushkodi in Tamil Nadu, which has become a viable destination.

The federal government has given Sri Lanka financial assistance totaling 3.5 billion dollars since the crisis and has allotted financial aid of 80 crore in 2021 and 2022 for welfare of Sri Lankan Tamils in refugee camps, along with cash assistance, subsidised rice and free clothes. (Colombo/Dec22/2023)

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Sri Lanka to investigate execution of Henry Pedris a century ago https://economynext.com/sri-lanka-to-investigate-execution-of-henry-pedris-a-century-ago-143485/ https://economynext.com/sri-lanka-to-investigate-execution-of-henry-pedris-a-century-ago-143485/#respond Tue, 12 Dec 2023 10:41:38 +0000 https://economynext.com/?p=143485 ECONOMYNEXT – The cabinet has approved a proposal submitted by President Ranil Wickramasinghe to investigate the execution of Henry Pedris in 1915 by the colonial administration of Sri Lanka at the time accusing him of rioting and treason against the government.

A three-member committee headed by retired supreme court judge Anil Gunarathne, has been appointed to probe the incident, reveal information, study relevant matters and submit a report with recommendations to cabinet in order to bring justice to his family.

“Historians have said that Henry Pedris, who was in charge of the security in Colombo, faced false accusations for his failure to stop the riots between Sinhalese and Muslims,” Cabinet Spokesman, Bandula Gunawardena said on Tuesday (12).

“Despite President’s Council G G Ponnambalam submitting an appeal on behalf of Henry Pedris, he was executed on July 7, 1915, under martial law, for treason.”

Gunawardena said that the execution was a result of a plan carried out by officials in the country at the time.

The body of 27-year-old Pedris was cremated at an undisclosed location following the procedure prescribed for a convicted criminal under martial law. (Colombo/Dec12/2023)

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River for Jaffna project to supply water to Sri Lanka’s north https://economynext.com/river-for-jaffna-project-to-supply-water-to-sri-lankas-north-139132/ https://economynext.com/river-for-jaffna-project-to-supply-water-to-sri-lankas-north-139132/#respond Thu, 09 Nov 2023 07:50:39 +0000 https://economynext.com/?p=139132 ECONOMYNEXT – The Sri Lankan government is in discussions with various bodies to establish water supply to the island’s north through the ‘River for Jaffna’ policy, which was proposed by an engineer decades ago.

“There is an acute water shortage in the north. To mitigate this dangerous situation, we are in discussions on how to implement the ‘River for Jaffna’ project which was proposed by professor Arumugam,” Prime Minister Dinesh Gunawardena said in parliament on Wednesday.

Gunawardena said that the government is in discussions with engineers, relevant specialist institutions and international bodies on how to implement the policy, and resolve the water supply and irrigation obstacles in the region.

Gunawardena pointed out that desalination was costly and would incur heavy prices for consumers.

In 1954, Engineer Arumugam, former deputy director of the Irrigation Department, proposed a River for Jaffna for the benefit of the Jaffna peninsula water resources and environment.

Over the years, the irrigation department, Mahaweli Authority, various local and foreign consultants, and international agencies have contributed to and improved the proposal. (Colombo/Nov9/2023)

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President assures Malaiyaha Tamils integration https://economynext.com/president-assures-malaiyaha-tamils-integration-138298/ https://economynext.com/president-assures-malaiyaha-tamils-integration-138298/#respond Fri, 03 Nov 2023 11:15:38 +0000 https://economynext.com/?p=138298 ECONOMYNEXT – President Ranil Wickremesinghe said the government is committed to providing Malaiyaha Tamils with land titles and ensuring their right to education.

“The current government’s policy to uphold the rights of all Sri Lankan citizens, regardless of their background,” Wickremesinghe was quoted as saying at the Naam Irannura (We are 200) event, according to a statement from the president’s media division.

The Naam Irannura event held at Sugathadasa stadium yesterday (02) commemorated 200 years since the Indian Origin Tamils arrived in Sri Lanka from India.

A project to construct 10,000 houses in Kotagala with Indian assistance also commenced in Kotagala.

Indian Finance Minister Nirmala Sitharaman placed the foundation stone for the housing project in the lower part of Mount Vernon Estate, Dimbula, Kotagala.

Prime Minister Dinesh Gunawardena said the program was the first time a comprehensive project had been initiated by the Sri Lankan government to fully “integrate the community into Sri Lankan society,” a statement quoted him as saying.

In August during a Parliamentary debate over a viral video of an estate manager harassing a Malaiyaha family living on estate land, minister of estate infrastructure development Jeevan Thondaman said the biggest issue with workers in the estate sector is that they are not considered as citizens of this country.

“They are considered more or less as assets and liabilities within the estates,” he said.

“There’s about 200,000 people in the estates who are workers and another 800,000 of their family members who are not given any rights, and not even recognised.”

Indian finance minister Sitharaman highlighted the substantial contributions of the Malaiyaha Tamil people to the Sri Lankan economy and expressed readiness for cooperation in the government’s efforts to secure their rights. (Colombo/Nov3/2023)

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Sri Lanka begins computer assisted census 2024 https://economynext.com/sri-lanka-begins-computer-assisted-census-2024-137945/ https://economynext.com/sri-lanka-begins-computer-assisted-census-2024-137945/#respond Wed, 01 Nov 2023 10:24:32 +0000 https://economynext.com/?p=137945 ECONOMYNEXT – Sri Lanka has started the process of taking a census of the population, which is assisted by computers for the first time, the president’s media office said.

The last census was conducted in 2012.

The listing phase of the 15th Population and Housing Census commenced at the Presidential Secretariat this morning (1). It will be followed by the enumeration phase in 2024.

“The deployment of tablet computers, internet connectivity and geo-spatial technologies is a standout feature. This method, known as Computer Assisted Personal Interviewing (CAPI), is being employed for the first time,” a statement from the president’s media office said.

The Population and Housing Census entails a comprehensive tally of all individuals and existing residences within a country over a specific timeframe.

The process ensures that no person or dwelling is omitted or counted twice.

The census is the main source of official data for obtaining population and housing information, vital for shaping national policies, public administration and understanding demographics, ethnic distribution and other social characteristics.

It includes assigning a unique number to every building and obtaining GPS coordinates for each structure.

Additionally, it results in digitized maps at the village official division level.

For this year’s census, around 16,000 enumerators will be recruited, all of whom will be government sector employees. (Colombo/Nov 1/2023)

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Top Sri Lanka accounting professional Sujeewa Mudalige retires https://economynext.com/top-sri-lanka-accounting-professional-sujeewa-mudalige-retires-137080/ https://economynext.com/top-sri-lanka-accounting-professional-sujeewa-mudalige-retires-137080/#respond Fri, 27 Oct 2023 01:09:22 +0000 https://economynext.com/?p=137080 ECONOMYNEXT – Sujeewa Mudalige, Territory Senior Partner of PwC Sri Lanka is retiring with effect from October 27, after serving the firm for over 25 years, leading domestic and international professional bodies and contributing his knowledge and guidance to key financial regulatory agencies.

The full statement is reproduced below:

Industry Leader Sujeewa Mudalige retires after an illustrious career in professional services

PwC Sri Lanka today announced the retirement of its Territory Senior Partner, Sujeewa Mudalige, effective October 27, 2023, after serving the firm for over 25 years. Earlier the Sri Lanka firm of the PwC network had announced their decision to exit the network. The firm intends to join the Deloitte network, with effect from 28 October 2023.

Sujeewa Mudalig’s distinguished career encompasses key leadership roles, including his tenure as a current Commissioner of the Securities and Exchange Commission of Sri Lanka, past President of the Institute of Chartered Accountants of Sri Lanka (ICASL), Chairman of the Sri Lanka Accounting Standards Committee, Past President of Confederation of Asian and Pacific Accountants (CAPA), Board Member of the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) and Deputy Chairman of the Financial Systems Stability Consultative Committee (FSSCC) of the Central Bank of Sri Lanka in addition to active participation in various committees within the International Federation of Accountants (IFAC).

Over the course of his remarkable journey, Sujeewa has left an indelible mark on the firm, contributing significantly to its growth, reputation, people engagement, and client service. With an unwavering dedication spanning more than two decades, he steered the firm to unprecedented success, achieving remarkable milestones, venturing into new markets, and cultivating a prestigious clientele across diverse industries during his tenure as Managing Partner.

Sujeewa is respected as a preeminent authority in the realms of business, finance and auditing.
Mudalige’s leadership extended beyond the boundaries of the firm. He served as a prominent voice in the Sri Lankan business community, contributing to the development of the accounting and auditing profession, allowing him to influence the industry’s best practices and ensure high ethical standards.

Sujeewa Mudalige, who joined the firm as partner in 1998, was appointed Managing Partner in 2017. He played a pivotal role in the firm’s growth, reputation, and excellence in client service. Reflecting on his tenure, Sujeewa said, “It has been an honor and a privilege to lead PwC Sri Lanka for the past six years. I am immensely proud of what we have achieved together as a team. I am also grateful to our clients, partners, regulators, and other stakeholders for their trust and support throughout my journey. As I prepare to retire, I am confident that our firm is in good hands with Channa Manoharan at the helm and an excellent team.”

PwC Sri Lanka, along with the entire financial and business community, expresses its deep appreciation
for Sujeewa Mudalige’s contributions and wishes him a fulfilling retirement. His legacy and the impact of his work will continue to inspire future generations of professionals in the field.

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