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Netherlands Embassy brings responsible business conduct to forefront
Launch of the Addendum on Responsible Business Conduct Handbook on Doing Business in Sri Lanka
Responsible Business Conduct (RBC), as defined by the OECD Guidelines for Multinational Enterprises, revolves around the key principle of due diligence, which means the responsibility of businesses to identify, prevent, mitigate, and report on risks related to their operations, products, and services. To highlight its importance and create a conversation around RBC, the Embassy of the Kingdom of the Netherlands launched the ‘Addendum on RBC Handbook on Doing Business in Sri Lanka’ in Colombo, Sri Lankam facilitated by the Citra Social Innovation Lab of the United Nations Development Programme (UNDP) in Sri Lanka, which saw the participation of high-level representatives, followed by a dialogue around RBC in Sri Lanka’s context by expert panelists.
The Handbook on Doing Business in Sri Lanka provides guidance on RBC for entrepreneurs and businesses. Adhering to RBC standards is critical for exporters from Sri Lanka to the European Union and the Netherlands to stay competitive and retain access to EU markets. The Addendum compiles essential information to understand RBC, the frameworks, and actions supporting it, as well as step-by-step guidance on incorporating RBC in business operations and practices, managing risks, and accessing tools, guidelines, and relevant information.
Delivering the keynote speech at the event, Nanna Stolze of the International RBC Unit, Department for Market Regulation and Trade Policy, Ministry of Foreign Affairs, Netherlands, provided an overview of what RBC is in the Dutch context and why it is important.
Speaking at the event, Anouk Baron, Deputy Ambassador of the Embassy of the Kingdom of the Netherlands, mentioned, “To survive and build a better future, the era of bigger is better, take, make, dispose and exponential growth should be replaced with a greater focus on quality, sustainability and a move towards understanding what footprint or impact a business creates throughout its entire supply chain. We have a choice, an opportunity but also an obligation to collectively deliver on that demand as citizens, consumers, producers and policymakers.” She also went on to highlight how the Embassy aims to support businesses in Sri Lanka to prepare and embrace the shift towards RBC.
Highlighting the role of the Government of Sri Lanka, Chamindry Saparamadu, Director General of the Sustainable Development Council, stated, “We have prioritized the private sector in our work at our institution and have developed a framework of private sector engagement on sustainability with a steering committee appointed to operationalize this framework with representatives from main business chambers. One of the main elements of this framework is promoting inclusive and sustainable business models, through standardization, certification and reporting….Given that the Sri Lankan economy is predominantly based on SMEs, our approach is to see an industry-wide adoption of all these standards in a phased out approach to ensure a wider adoption of these standards”
The panel on Responsible Business Conducted consisted of sector experts, including Shiran Fernando, Chief Economist of Ceylon Chamber of Commerce; Simrin Singh, Country Director of ILO Sri Lanka; Myanthi Peiris, Business and Human Rights National Specialist of UNDP Sri Lanka; Shehan Liyanage of SLYCAN Trust (GTE) Ltd., and was moderated by Murali Kanapathy, Senior Programme and Operation Officer, Better Work Programme of ILO Sri Lanka.
The dialogue, which was facilitated by the Citra Social Innovation Lab, is a part of their wider service offerings to development partners. Citra uses human centered design approaches and innovation tools, such as design thinking and systemic design to ensure holistic approaches to achieve the desired impact.
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PM participates in special Shiva Pooja held at the Thirukedeswaran Temple in Mannar
The Prime Minister Dr. Harini Amarasuriya participated in the special Shiva pooja held on at the Thiruketheeswaran Kovil in Mannar, in observance of Maha Shivaratri, a day celebrated with deep devotion by Hindu devotees
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“Sri Lanka Set to Become the First South Asian Country to Enter the Global Charter on Children’s Care Reform”
Today (17), Sri Lanka officially expressed its Intent to Enter into Global Charter on Children’s Care Reform at the United Nations Compound, Bauddhaloka Mawatha, Colombo 07.
The event was attended by the David Lammy, Member of Parliament, Lord Chancellor and Secretary of State for Justice and Deputy Prime Minister of the United Kingdom. On behalf of Sri Lanka, the official Expression of Intent was made by the Minister of Women and Child Affairs, Saroja Savithri Paulraj.
Sri Lanka has long been a State Party to the United Nations Convention on the Rights of the Child (UNCRC) and remains committed under international law to protecting and promoting children’s rights. The Global Charter for on Children’s Care Reform has been developed based on existing international commitments, including the 2009 United Nations General Assembly Guidelines for the Alternative Care of Children; the 2019 UN General Assembly resolution focusing on the rights of children without parental care (A/RES/74/133); the CRPD/C/5: Guidelines on de-institutionalization, including in emergencies (2022); the 2022 Kigali Declaration of Commonwealth States; and the 2024 1st Global Ministerial Conference on Ending Violence Against Children, which called for action. To date, 34 countries around the world have endorsed this Charter.
As no South Asian country has yet joined this Charter, Sri Lanka is set to become the first South Asian nation to do so.
The primary objective of joining this Charter is to further strengthen Sri Lanka’s national child Care policies and align their implementation with international standards.
The event was collaboratively organized by UNICEF and the British High Commission in Sri Lanka. Among those present were the British High Commissioner to Sri Lanka, Andrew Patrick; British Deputy High Commissioner to Sri Lanka, Theresa O’Mahony; UN Resident Coordinator in Sri Lanka, Marc-André Franche; UNICEF Representative to Sri Lanka, Emma Brigham; Secretary to the Ministry of Women and Child Affairs, Tharanganie Wickramasinghe; government officials; representatives of non-governmental organizations; and civil society representatives.
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CEB seeking tariff hike while making huge profits, says opposition trade union leader
Convenor of the Samagi Joint Trade Union Alliance affiliated with the Samagi Jana Balawegaya, Ananda Palitha, yesterday (16) said that the Ceylon Electricity Board was seeking to raise electricity tariffs by 13.56% percent although it had earned a profit of more than Rs 22,000 mn.
The CEB recently submitted its proposal to the Public Utilities Commission of Sri Lanka (PUCSL) for an electricity tariff revision for the second quarter of this year – the period effective from April 1 to June 30.
Palitha alleged that the PUCSL, in spite of knowing the massive profit earned by the CEB, at the expense of the hapless public, had chosen to allow the state enterprise to propose an additional burden.
The economic, technical and safety regulator of the electricity industry, and the designated regulator for petroleum and water services industries, should exercise its powers in terms of the PUCSL Act No. 35 of 2002 and the Sri Lanka Electricity Act No. 20 of 2009 to provide relief, the veteran trade unionist said.
Palitha emphasised that the PUCSL had the right to intervene on behalf of electricity consumers but, unfortunately, chose to facilitate the CEB’s despicable strategy. “The proposal to increase tariffs by 13.56% was meant to divert attention. The real issue at hand is the percentage of electricity tariff reduction,” Palitha said. The former UNPer found fault with the Opposition for failing to expose the CEB.
Taking into consideration the Rs 22,000 millionplus profit, the PUCSL could order the CEB to grant relief to consumers, Palitha said, adding that the CEB and PUCSL, together, deprived electricity consumers tariff reduction in the first quarter of this year, too.
In January this year, the CEB asked for a 11.59% tariff increase though it was enjoying Rs 22,000 mn profit at that time, the trade unionist said.
Palitha said that as the PUCSL received all data available to the CEB it was fully aware of the finances of the state enterprise.
In January, 2025, regardless of the NPP government floating the idea regarding as much as a 37% tariff increase, the PUCSL granted a 20% tariff reduction (25% of Rs 22,000 mn profit), Palitha said.
According to him, as a result of relief granted to the consumers, the profits had been reduced to Rs 16,000 mn but by June 2025 profits had increased to Rs 18,000 mn and there was a need to grant tariff reduction. But, the NPP, having always lashed out at the International Monetary Fund (IMF) in the run up to the presidential election, held in September 2024, started playing a different tune.
Responding to The Island queries, Palitha said that contrary to claims that the CEB proposed a 13.56% tariff increase to cover up losses caused by the importation of low-quality coal for the Norochcholai Lakvijaya coal-fired power plant, the current strategy seemed to have been adopted at the behest of the IMF.
Instead of granting tariff reduction for the third quarter in 2025, the PUCSL ordered an 18% increase, Palitha said. The trade unionist claimed that the Finance Ministry, at the behest of the IMF, directed both the CEB and the PUCSL to increase electricity tariffs by 20% in violation of the relevant Acts, he said.
Then in Oct, 2025, the CEB proposed a 6.8 % tariff increase at a time its profits were around Rs 22,000 mn. The CEB and PUCSL staged a drama over that proposal and finally, on the false pretext of the CEB’s failure to furnish its proposal on time, the revision was dropped, Palitha said. The SJB activist pointed out that the Opposition failed to highlight that consumers had been deprived of downward revision in spite of massive profits earned by the Board. “In fact, when Energy Minister Kumara Jayakody met trade unions, he very clearly declared that they were considering electricity power reduction, perhaps by 10%, 12% or 15%. But in the end nothing happened.”
Now the same drama is being enacted by the government, the CEB and the PUCSL, Palitha said.
By Shamindra Ferdinando
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