Business
BIMSTEC Secretary-General discusses regional cooperation in the Bay of Bengal region at LKI
Ambassador Indra Mani Pandey, Secretary-General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was hosted by the Lakshman Kadirgamar Institute (LKI) for a special guest lecture and interactive session titled “Regional Cooperation through BIMSTEC” on 09 April 2024 at the Lighthouse Auditorium. The programme provided an opportunity for the gathering of Sri Lankan policymakers, academics, researchers, and university students to engage directly with the Secretary-General who was on his first official visit to Sri Lanka, in evaluating topics and concerns related to the region and BIMSTEC, in the context of global politics and Sri Lanka’s foreign policy interests.
Welcoming Secretary-General Pandey, Executive Director of the LKI Ambassador Ravinatha Aryasinha highlighted the contribution Sri Lanka has made to BIMSTEC as a founding member, in fielding its first Secretary-General, and the role played during Sri Lanka’s chairmanship of BIMSTEC during 2018-2021 in revitalising the organization through the adoption of the BIMSTEC Charter and the rationalisation of the areas of cooperation, as well as the streamlining of related institutes. He added that during bilateral consultations with the Secretary-General, the LKI as the Sri Lankan focal point of the BIMSTEC Network of Policy Think Tanks, had expressed its continued support towards future collaboration with BIMSTEC, with special emphasis on the thematic domain of science, technology and innovation which is Sri Lanka’s focussed area of responsibility, along with the sub-areas of Technology, Health, and Human Resource Development.
Delivering opening remarks, Additional Secretary (Economic Affairs) of the Ministry of Foreign Affairs, Ms. Shanika Dissanayake noted that the seven-member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand accounted for 1.7 billion people and a combined GDP of 5.2 billion dollars. Describing the organization as a vibrant and progressive intergovernmental organization, Ms. Dissanayake noted BIMSTEC’s relevance in creating a more interconnected region, especially in the fields of transport, security, and energy.
Delivering his guest lecture, Secretary-General Pandey outlined the role and functions of BIMSTEC and the new measures being operationalised to create a more effective and active organisation. Outlining each of the seven sectors of BIMSTEC’s sectors of cooperation, he emphasised Sri Lanka’s continuing critical role as a founding member, and thanked the Government of Sri Lanka and its leadership for their continued support in building regional cooperation in the region. Sharing that the sixth summit is set to take place in Thailand later this year, he added that BIMSTEC nations are set to meet every two years. Noting that he had already paid first visits to several member states, he said there is political commitment to further strengthen regional cooperation through BIMSTEC. He also highlighted the relevance of BIMSTEC as a platform for development, building towards a more integrated region in terms of economics, transportation, technology, and communication, leveraging the region’s geographic placement, along with its population, and GDP among other factors. He added that BIMSTEC is now ready to open its doors to new member and observer states and expressed a positive outlook for the organisation’s future.
During the interactive session that followed the audience expressed their appreciation for the opportunity to engage in a dialogue with the Secretary-General. The discussion covered a wide array of topics. On the possibility of a shared energy grid and regional collaboration in the energy sector, the Secretary-General revealed that they are hopeful to make more progress and emphasised the importance of transitioning into renewable energy sources at a regional level. On intra-regional trade which remained low at present, the Secretary-General noted that there are some developments on the subject and more progress could be expected. He said finding projects to build a more connected region would not be easy given that some nations in BIMSTEC are still in the process of development. The importance of human resource development was also emphasised during the discussion. Additional Secretary Dissanayake further underlined the importance of involving youth in BIMSTEC plans. On cooperation and collaboration between regional organisations, she said the Indian Ocean Rim Association (IORA) had approached the BIMSTEC to sign an MoU for the common purpose of greater regional cooperation. Emphasising sustainability and ocean concerns, she said both organisations prioritise connectivity, and regarding funding constraints noted IORA’s success in adopting more dialogue partners like the European Union (EU), which could also help BIMSTEC.
Responding to a question on the future of multilateral organisations such as IORA or BIMSTEC, in the context of growing minilaterals, the Secretary-General said it was difficult to find convergence even in bilateral negotiations, and it is that much harder in multilaterals. He said each of these mechanisms have a role to play and we should not give up because there are challenges in finding convergences or in implementing our decisions. It’s important to persist because regional and sub-regional organisations present huge opportunities for countries to come together and work together. Citing the EU and Association of Southeast Asian Nations (ASEAN), he said we find that under very difficult circumstances, regional organisations have been able to deliver. Ambassador Aryasinha, responding on this issue, acknowledged that the priorities of individual countries within regional organisations such as IORA and BIMSTEC might have changed from its founding to the present day depending on the new minilateral alignments some of them might have entered into and the changing global power dynamics. However, rather than being over ambitious, the safe bet for such organisations is to focus on ‘functional’ areas that are politically less contentious on which to initially cooperate, and to allow the confidence built through this to help move on to the more complex issues.
Business
Cabinet approves establishment of two 50 MW wind power stations in Mullikulum, Mannar region
Adhering to the broad plan of the Government to reach the objective of accomplishing 70% of the country’s electricity supply from renewable energy sources by the year 2030, the approval of the Cabinet of Ministers was granted on 10.02.2025 to invite requests for resolutions from interested developers of the private sector in order to implement the Mullikulum Wind Power – 100 Mega Watts (two (02) wind power stations of
50 Mega Watts each) on the basis of construction, ownership and execution with a monitoring period of 20 years.
Accordingly, requests for proposals have been called to implement the relevant project by adhering to the international competitive bidding methodology, and seven (7) prospective project proposals were submitted.
Evaluating the said proposals, based on the recommendations submitted by the negotiation committee appointed by the Cabinet of Ministers, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Power to award the contracts of establishing the two (02) 50 Mega Watts Wind
Power Stations to Consortium of Vidullanka PLC & David Pieris Motor Company (Lanka) Limited and WindForce PLC.
Business
UNDP, together with partners, brings together immersive insight into the cruel realities of SGBV
The 16 Days of Activism Against Gender-Based Violence is a global campaign observed annually from 25 November to 10 December, beginning on the International Day for the Elimination of Violence against Women and concluding on Human Rights Day. The campaign aims to raise awareness and inspire collective action to end all forms of violence against women and girls.
This year, in line with this, the United Nations Development Programme (UNDP), together with its key partners through ongoing flagship project initiatives, is taking a unique, never-before-seen approach to advocacy. ‘Through Her Eyes,
wef.aoEiska, அவளின் பார்வையில்’ narrates the heart-wrenching journey of ‘Sara’ in her search for justice through multi-medium storytelling that merges stage theatre, film and creative audio production techniques.
‘Through her eyes’ is in line with three UNDP Sri Lanka projects; Enabling Access to Justice for Victim-Survivors of SGBV in Sri Lanka funded by the Government of Canada and implemented together with UNFPA Sri Lanka; the Support to Justice Sector Project (JURE) funded by the European Union in partnership with the Ministry of Justice, and implemented together with UNICEF Sri Lanka; and the Action and Anticipation for The New Agenda for Peace (AAA) supported through UNDP’s Funding Windows with funding from the Governments of Denmark, Luxembourg and the Republic of Korea.
Commenting on the timeliness of such public activations, Azusa Kubota, Resident Representative, UNDP in Sri Lanka, stated, “As the country recovers from one of its worst natural disasters in its recent history, the focus on gender equality, inclusion, and structural change is more vital than ever. We all know SGBV leaves a deep scar in survivors, those around them and the society they live in. Yet, do we really know what it is like to live through that experience? In a crisis, how do we address root causes of SGBV that get exacerbated? We wanted to mark this year’s 16 days differently – by creating an experience where we, irrespective of our gender, culture, and all other differences, put ourselves in the shoes of those who live through the pain and hardships, and collectively think through ways in which we can tackle persistent challenges confronted by many. Our advocacy efforts aspire towards a nation and world free from SGBV- to achieve gender equality and empower. ‘Through Her eyes’ is a unique experience that is designed to bring this issue in front of a broad demographic audience, by bringing together stakeholders from across the Government, private sector, development partners, youth and CSOs, as we stand together to end SGBV and support Sri Lanka to build back better.”
Sharing the perspective from the Government of Sri Lanka, Minister of Justice Harshana Nanayakkara commented, “Through Her Eyes’ invites us to pause and truly understand the lived realities of survivors. It is a powerful reminder that every survivor who comes forward does so with immense courage. Their pathway to justice must be dignified, safe and free from fear. Ensuring the safety and empowerment of women and girls is not a task that can be achieved in isolation. A holistic approach is vital. Law enforcement, the judiciary, health services, social services, educators, civil society, the private sector and communities must stand together as allies.”
As a key partner, Kiril Iordanov, Head of Cooperation at the High Commission of Canada noted, “Addressing GBV is a shared responsibility. Canada continues to collaborate with partners to design and champion innovative solutions. Our approach is rooted in the belief that promoting gender equality and empowering women and girls has a multiplier effect on development. By placing women and girls at the centre, we contribute to building a more peaceful, inclusive, and prosperous world.”
The Safe Space of this immersive production also highlights the support and work being carried out by the projects, to support better access for justice for victim-survivors of SGBV, capacity building for relevant public sector institutions, media ethics when reporting SGBV and the promotion of male allyship and bystander intervention as a mechanism to eradicate SGBV in Sri Lanka.
Highlighting the priorities of the European Union, Carmen Moreno, Ambassador of the European Union to Sri Lanka and the Maldives, commented, “Gender-based violence endures when access to justice is made difficult by fear, stigma or indifference. This exhibition invites us to understand the experience through the eyes of the victim, and it forces us to question—and dismantle—the barriers that allow violence to continue without consequences. Justice systems Justice systems must act with determination in confronting this problem, but they cannot do so in isolation. Real change requires a society that supports women, recognises the realities of gender-based violence, and refuses to look away.”
In light of the current situation of the country, the event also hosted an interactive dialogue on the theme ‘Delivering Economic Independence for Survivors of Sexual and Gender-based Violence during Crises’ on the sidelines of the event. With participation from key individuals, including the Government, development partners, private sector leaders, civil society organisations and youth groups, the dialogue looked at key areas of Gender-responsive and intersectional crisis planning; protection, safety, and justice built into disaster preparedness and humanitarian response; safeguarding shelter design, ensuring access to health and reproductive services, psychosocial support, and safe reporting mechanisms.
The campaign aims to raise awareness and inspire collective action to end all forms of violence against women and girls. It calls on governments, organisations, and individuals to challenge harmful gender norms, support survivors, and demand accountability from perpetrators.
‘Through Her Eyes, wef.aoEiska, அவளின் பார்வையில்’ is open to the public from the 2nd to 7th of December from 10 AM to 7 PM at the Sri Lanka Foundation Institute.
To know more and engage in the immersive experience: https://go.undp.org/through-her-eyes
Business
Outstanding AI & Fintech Governance Leadership Award 2025 for Sopnendu Mohanty
Sopnendu Mohanty, former Chief FinTech Officer of the Monetary Authority of Singapore (MAS) and current Group CEO of the Global Finance & Technology Network (GFTN), has received the Outstanding AI & Fintech Governance Leadership Award 2025 for his global contribution to responsible fintech advancement, cross-border policy innovation, and AI governance.
While the recognition was announced at the Asian Digital Finance Forum & Awards held at Port City Colombo, the formal handing-over ceremony was held recently in Singapore, during the GFTN Insights Forum that took place in parallel with the Singapore FinTech Festival 2025 at Marina Bay Sands Expo & Convention Centre.
Presenting the award, Rajkumar Kanagasingam, Convener of the Asian Digital Finance Forum & Awards and Industry Fellow of the Global Fintech Institute (Singapore), lauded Mohanty’s unique global impact.
“Sopnendu has set global benchmarks in innovation-friendly regulation, Kanagasingam said.
“From cross-border payment connectivity to AI ethics and multi-CBDC frameworks, his leadership has not only shaped Singapore’s fintech ecosystem but has helped entire regions transition into the digital economy responsibly.”
He added that Mohanty’s strategic influence continues beyond regulatory leadership.
“His ability to galvanise central banks, policymakers and innovators onto common platforms is rare. What he built in Singapore is now influencing multiple jurisdictions, and that continuity through GFTN is immensely valuable.”
Serving from 2015 to 2025 as MAS’s inaugural Chief FinTech Officer, Mohanty is widely acknowledged for transforming Singapore into one of the most forward-looking and trusted digital finance environments.
Mohanty has also endorsed Sri Lanka’s initiative to shape the Colombo International Financial Centre (CIFC) at Port City Colombo as a South Asian fintech gateway. He was presented with an interim policy blueprint during the DigiEcon Global Investment Summit.
By Ifham Nizam
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