Business
The importance of protecting migrant workers
Speeph by Piyankara Jayaratne, State Minister of Foreign Employment Promotion and Market Diversification,
Sri Lanka at the Abu Dhabi Dialogue Sixth Ministerial Consultation, 26th October 2021 in Dubai as Troika Chair.
Allow me to address you all in the opening session of the 6th Ministerial Consultation of the Abu Dhabi Dialogue. I’m talking here with great honour and pleasure in this pleasant morning as the Troika member in this hybrid meeting, in the first physical gathering in the post-covid new normal.
First of all, I would like to appreciate and congratulate the Government of United Arab Emirates, the current chair of ADD, for organizing this hybrid event for 6th ministerial consultation while we all are combating against the Global Pandemic of COVID-19. I am happy to be in person here and too see you all gathered here together for this important consultation.
As we are aware, Migration today, as it has always been, is a function of the search for greater opportunities. It is of course, related to the economic development through trade and labour migration while ensuring rights of the people and national and regional security.
On one way, labour migration provides an opportunity for the migrants to find fruitful employment and improve their socio-economic status. On the other hand, this allows growing nations to seek out the required expertise and talent from rest of the world. However, it poses risks such as those encountered during recruitment, in the workplace and throughout the migration process in the country of origin, transit and destination.
Development gains of labour migration depends upon the degree, to which migrant workers are protected and empowered, by the country of origin as well as the country of destination.
Therefore, migration today is a multi-dimensional process, countries of origin and destination has the potential for both benefits and challenges. In light of the COVID 19 pandemic, it has resulted in many socio-economic challenges for migrant workers. In order to address these challenges, we as Country of Origin and Country of Destination have to consult each other for the successful and sustainable solutions.
Sri Lankan Government was able to take several measures that contributed to the national Covid 19 response plan for migrant workers. I believe that all other countries have their own plans. However, I would like to highlight that ADD platform is an excellent opportunity for all of us to share our experiences, best practices especially in areas that are important for migrant workers. This would enable us, to have a good understanding as to which areas we need to improve and strengthen in the future.
We, as member states of ADD, have just completed twelve years in the journey since the inception in 2008 and therefore, I strongly believe that it is high time to review and evaluate our collaborative efforts how we act in the current pandemic period and in future. This will certainly help all member states to develop future plans of ADD more meaningfully. I know that ADD can Play a vital role in bringing together labour sending and receiving countries and fostering the dialogue and trust that is central to the governance of Migration. Further, I’d like to highlight the need for regional corporation to enhance the resilience of safe labour migration in future to meet global event like that of Covid-19 pandemic.
Further, Migrant workers face various challenges in accessing quality training and decent employment opportunities, and lack of information and exploitation of low-skilled workers. To reap the benefits of migration, countries thus need to ensure that migration is demand-oriented, while migrant workers’ rights are protected. The access to education and training with right information and employment opportunities would enable proper integration of workers with the labour market and society. Certification and Joint Recognition of skills is another important factor that we have to be discussed.
We are all aware, there are three pillars of effective governance guides that are initiated by the ADD.
1) Ensuring the protection of migrant workers;
2) empowering workers to fulfil their goals and aspirations; and
3) affording workers the opportunity to benefit equitably from the outcomes of temporary labour migration.
Under this, the four thematic areas were designed and outlined during the last Senior Officials Meeting with these principles in mind. Namely,
Anticipated changes in the employment landscape in the GCC and their impact on labour supply and demand in ADD corridors
Leveraging advanced technology to improve labour mobility governance
Pre deployment testing of workers in Asia GCC Corridors
Global Governance of Migration
At this juncture, as ADD member countries, I would like to request you to continue our efforts with collaborative actions, because, I believe that productive, safe and harmonious migration can only be achieved if there is wider and deeper inter-state co-operation among the sending and receiving countries. It is the key to a better functioning of International Labour Migration Process. It will provide us with more positive results through a voluntary and cooperative efforts based on shared recognition of the benefits while enhancing the resilience.
On behalf the Government of Sri Lanka and as a Troika Member, would like to express our sincere gratitude to Abu Dhabi Dialogue Secretariat for their trust that kept with Government of Sri Lanka to initiate consultations among Abu Dhabi Dialogue Member States of Labour Origin and to identify a consensus candidate to chair the next cycle of the ADD.
I am happy that we were be able achieve that task diplomatically. Thank you very much for Government of Nepal and Pakistan. I take this opportunity to congratulate Government of Pakistan as the upcoming chair of Abu Dhabi Dialogue for the next two years. In this juncture, I also would like to extend my thanks to Government of United Arab Emirates for the esteemed corporation given during their period of chairmanship despite the challenges brought by COVID 19 pandemic.
Finally, I request active participation of the member countries for this 6th Ministerial consultation and in future in order to strengthen the migration management, both in labour origin and destination countries through this excellent platform of ADD.
We will have a collective voice together for the betterment of Migrant workers and the Countries of Origin and Destination as a whole.
I hope and believe we would have a very productive consultation toward enhancing the resilience of safe labour migration.
Business
Rs. 1 million fine proposed on substandard plastic producers
The government’s proposal to raise fines on manufacturers of substandard plastic products to as much as Rs. 1 million is expected to trigger a major compliance shift within Sri Lanka’s plastics industry, correcting long-standing market distortions caused by weak enforcement.
Environment Deputy Minister Anton Jayakody said the move targets producers who continue to bypass approved standards, undercutting compliant manufacturers and exacerbating environmental damage.
Environment Ministry Advisor Dr. Ravindra Kariyawasam said the initiative represents a structural market correction rather than a purely environmental intervention.
“Non-compliant producers have enjoyed an artificial cost advantage for years, distorting pricing and discouraging legitimate investment,” Kariyawasam told The Island Financial Review. “Meaningful penalties are essential to restore fairness and industry discipline.”
He said the widespread circulation of low-grade plastic products has eroded consumer confidence and delayed the sector’s transition towards higher-value and sustainable manufacturing.
Industry analysts note that a Rs. 1 million fine would significantly alter risk calculations for marginal operators, forcing upgrades in machinery, testing and compliance or pushing weaker players out of the market.
Kariyawasam stressed that the policy is intended to support responsible businesses rather than suppress industry growth.
“Manufacturers investing in recycling, biodegradable alternatives and quality assurance should not be penalised by competing with environmentally damaging, low-cost products,” he said.
The Deputy Minister indicated that tighter enforcement will be paired with policy support for sustainable packaging and circular-economy initiatives, aligning the sector with emerging global trade and environmental standards.
From a business perspective, the proposed regulation is likely to impact pricing, supply chains and capital investment decisions, while improving the long-term credibility of Sri Lanka’s plastics industry in both domestic and export markets.
By Ifham Nizam
Business
First Capital to unveil Sri Lanka’s Economic Outlook and Investment Strategies for 2026
First Capital Holdings PLC (the Group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, is set to host the 12th edition of its renowned ‘First Capital Investor Symposium’ on 22 January 2026 at Cinnamon Life Colombo, starting from 5.30 pm onwards.
The 12th Edition will focus on Sri Lanka’s Economic Outlook for 2026, offering attendees a comprehensive analysis of market forecasts, investment strategies and emerging opportunities in the capital markets. The symposium serves as a crucial gathering for investors seeking insights to navigate the evolving economic landscape and make sound, strategic decisions.
As a leading investment institution, First Capital remains committed to promoting informed decision-making through comprehensive research and market analysis. By hosting this annual symposium, the organisation reinforces its role as a trusted partner in Sri Lanka’s capital markets, providing a premier platform for investors, professionals, and industry leaders to exchange knowledge, explore opportunities and build meaningful connections.
A key highlight of this year’s agenda will be First Capital’s presentation on the Economic and Investment Outlook, outlining market conditions and investment strategies for the period ahead. The presentation will be delivered by Ranjan Ranatunga, Assistant Vice President – Research of First Capital Holdings PLC.
Business
Rivers, Rights, Resilience Forum 2026 begins in Colombo
Oxfam in Asia commenced the Rivers, Rights, Resilience Forum (RRRF) 2026, a three-day regional forum bringing together water experts, policymakers, civil society, researchers, and community leaders from across South Asia and beyond to strengthen cooperation on shared river systems and climate resilience.
The Forum is part of the Transboundary Rivers of South Asia (TROSA) programme, supported by the Government of Sweden, which works on the Ganges–Brahmaputra–Meghna (GBM) river basins, while also encouraging cross-basin learning at the regional and global levels. This year’s theme is “Building Resilient Communities and Ecosystems.” The Forum is co-organised by Oxfam in Asia and Dev Pro, Sri Lanka.
The forum opened with a welcome address by John Samuel, Regional Director, Oxfam in Asia, who highlighted the deep connection between rivers, politics, climate change, and sustainability. He underlined how rivers shape both environmental and social outcomes across South Asia and called for stronger collaboration between governments and civil society.
“Today building resilience is important in terms of climate and politics, and when civic space is shrinking, we should all work in solidarity,” he said.
Speaking at the Forum, Chamindry Saparamadu, Executive Director of DevPro shared examples of how communities in Sri Lanka have taken actions to ensure equitable access to water resources through catchment protection initiatives, community-based water societies etc. She further highlighted that learning exchanges would be useful to further strengthen inter-provincial water governance in Sri Lanka.
The Chief Guest, Syeda Rizwana Hasan, Advisor, Ministry of Environment, Forest and Climate Change and Ministry of Water Resources, Bangladesh, in her video message, emphasised the need for regional cooperation among South Asian countries beyond the upstream–downstream identity.
“Climate change will make water scarce, so South Asian countries have to come together to work on the common interest of their communities. Rivers are not just ecology but economics as well for communities. Forums like this help us to share our experience and learn from each other,” she said.
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