News
USAID’s Accelerator Programme showcases innovative entrepreneurs supporting climate resilient approaches
August 3, 2023, COLOMBO: Ten entrepreneurs who received intensive help from the United States Agency for International Development (USAID) and Good Life X (GLX) business accelerator to develop their climate adaptation ideas displayed their results in a Demo Day event on 02 August.
This Demo Day marked the end of an eight-month program to help early-stage businesses grow into scalable and sustainable enterprises that can enhance the climate resilience of agriculture, fisheries, and tourism-associated livelihoods in Sri Lanka. The 10 businesses showcased their innovations at the event before an audience of more than 80 investors, partners and collaborators.
Climate smart innovations introduced at the live-streamed event included products to better preserve food, solar charging kits, energy efficient tea dryers, urban farming models, and seaweed-based organic fertilizer among others. The businesses were coached by experts in innovation, business, climate change, agriculture and tourism through a Climate Change Accelerator activity of GLX and USAID’s Climate Change Adaptation project.
“It is inspirational to think that one of the greatest challenges facing our world also presents some of the best business opportunities,” said United States Embassy Deputy Chief of Mission Douglas Sonnek, who addressed the event. “I am impressed with the leadership these enterprises have shown in tackling climate change.”
Randhula de Silva, Founder CEO of GLX noted the importance of applying the innovations of entrepreneurs to tackling climate change adaptation.
“Climate change, whether we like it or not, is real,” she said. “And is the most urgent threat to food security, biodiversity, and livelihoods; in short, to life on earth. This program was tailored to bring climate adaptation into the hands of entrepreneurs, so that our communities and ecosystems stand resilient and thriving amidst the changes.”
The 10 showcased businesses and their innovations were: Food Things, an enterprise that is engaged in preservation of food products explained their new vacuum sealer machine that increases the shelf-life of the food and their plans to use a solar powered food dryer;
• Kulumoto, the eco-transport enterprise explained the prototype solar charging kit that offers a zero-carbon footprint solution to potential buyers, as opposed to their earlier model relying on the power grid;
• Saruketha Organics, which produces homemade organic forest tea with a few small-scale tea growers, explained their new energy efficient tea drying machine.
• Ceylon Green and Aqua, explained its urban farming model that combines aquaponics and integrated outdoor farming methods;
• Carbon Blueprint, explained its new seaweed cultivation plan with an expanded value addition process for cultivated seaweed to manufacture liquid organic fertilizers for vegetables and ornamental plants;
• Tourmate.lk (re-branded as Eco Escape- Galle), an eco-tourism venture committed to the conservation of the Keppu Ela (river) and its mangroves, explained its new business model with an electric motor-powered boat to facilitate tours with near zero environmental footprint;
• Inova explained its bio-char production business as a soil conditioner as a waste reduction process;
• Therapy Ceylon explained its business of producing infused tea using native herbs, spices and flowers;
• Iluktenne Plant Nursery, which produces plants and seeds of export crops, explained its expansion to introduce forest plant seedlings in nurseries, ensuring the conservation of forest plants that are at risk of climate change and deforestation, and;
• The Raawana Agro Limited, explained its venture of educating rural farmers on polytunnel greenhouses and other climate-smart technologies that can be used by farmers to better adapt to climate change related impacts.
News
Pakistan naval trio arrives at Colombo Port
In a display of naval tradition, the Sri Lanka Navy formally welcomed the Pakistan Navy Ships ‘PNS Taimur’ and ‘PNS Aslat’, alongside the submarine ‘PNS/M Hangor’, arrived at the Port of Colombo on 01 Jun 26.
The Pakistan naval units made port in Sri Lanka for a goodwill visit as well as replenishment.
The visiting naval assets are commanded by a lineup of naval officers, with Captain Niamat Saeed Khan (‘PNS Taimur’), Captain Nadir Mateen Afridi (‘PNS Aslat’), and Captain Uzair Farooq (‘PNS/M Hangor’).
During their stay in Sri Lanka, the crew members of the visiting ships and submarine are scheduled to tour several key locations across the country.
Concluding the visit, the Pakistan naval units will engage in a Passage Exercise (PASSEX) with the Sri Lanka Navy off the west coast.
News
IMF turning a blind eye to NPP corruption: Opp.
The People’s United Opposition yesterday (01) alleged that the International Monetary Fund (IMF) had turned a blind eye to serious corruption allegations against the NPP government and was going ahead with the USD 2.9 bn loan in terms of the Extended Fund Facility (EFF) programme, finalised in 2023.
Addressing the regular weekly media briefing at the Flower Road Office of former President Ranil Wickremesinghe, former Ministers Prof. G. L. Peiris and Patali Champika Ranawaka questioned the failure on the part of the IMF to act in spite of the NPP government engaging in open corrupt practices, contrary to the terms and conditions of the agreement/understanding with the lending agency.
The media was told that the IMF couldn’t absolve itself of the responsibility for the actions of the government, especially because Sri Lanka, experiencing severe economic difficulties, was receiving loans from IMF at over 8%. Ex-parliamentarian Ranawaka pointed out that what Sri Lanka received from the IMF was not JAICA-type soft loans and the country was further burdened.
Prof. Peiris and Ranawaka alleged that the IMF appeared to have chosen not to take up the serious and growing accusations, particularly over coal and fuel scams that caused massive losses. They claimed the government had taken decisions at the expense of the country but for the benefit of certain businessmen close to them.
Both Prof. Peiris and Ranawaka explained the circumstances under which certain persons and companies received privileged status to import very costly vehicles and even helicopters and aircraft as the government
wasted precious foreign reserves for the benefit of friends. Ranawaka named two companies that benefited from government actions while alleging that those engaged in lucrative coal and fuel business made a killing.
They pointed out that the IMF released the latest USD 695 mn amidst stepped up serious allegations against the government. (SF)
News
Shavendra tells Beijing meet Sri Lanka should not become an arena for geopolitical rivalry among major powers
Former Commander of Sri Lanka Army with possibly the best battlefield record, having recovered the most amount of enemy occupied territory by troops he led from the front in the Vanni theatre of operations (2007-2009), General Shavendra Silva recently discussed growing challenges faced by smaller countries, like Sri Lanka, in what he called the evolving global environment.
Stressing that responsibilities must be shared across all states, the former Commander of the Sri Lanka Army told the 5th edition of the Wanshou Dialogue on Global Security in Beijing: “Major powers bear a special responsibility to exercise strategic restraint, avoid coercive practices, uphold international law, and contribute toward global stability rather than fragmentation.
Emerging and middle powers have an increasingly important role as bridge builders promoting dialogue, cooperation, and institutional reform.
For countries such as Sri Lanka, the path forward lies in principled and balanced diplomacy.
This requires maintaining constructive relations with all nations while safeguarding sovereignty, strategic independence, and national interests.
Sri Lanka has consistently maintained that its territory should not become an arena for geopolitical rivalry or military confrontation among larger powers.
Instead, our focus remains on strengthening national resilience through economic development, institutional stability, maritime awareness, modern defence capabilities, and agile diplomacy.
Credible domestic institutions, accountable governance, and national cohesion ultimately strengthen sovereignty while reducing opportunities for external interference.”
Referring to his service as Ambassador and Deputy Permanent Representative of Sri Lanka to the UN in New York, General Silva said that his engagements at the UN and other international forums reinforced the importance of defending national interests while remaining committed to reconciliation, development, and peaceful coexistence.
The celebrated battlefield commander discussed the transformation of global security, the future direction of the international order and the responsibilities of states in this transitional era. Silva said: “Today, security threats extend far beyond conventional warfare.
Cyber threats, terrorism, disinformation, economic coercion, artificial intelligence, and the weaponisation of technology increasingly influence global stability. At the same time, climate change, pandemics, food insecurity, and economic disruptions have demonstrated how closely national security and human security are now interconnected.
For Sri Lanka, located at the centre of the Indian Ocean along one of the world’s most important maritime trade routes, these developments carry direct strategic significance. Sri Lanka’s own experience offers valuable lessons.
The defeat of the LTTE, in 2009 demonstrated the importance of decisive state action against terrorism, while also revealing how modern conflicts become internationalised through financing networks, propaganda, illicit arms flows, and external geopolitical pressures.
The post-conflict period further reinforced the importance of reconciliation, economic recovery, institutional rebuilding, and long-term national resilience.
Smaller states increasingly face pressures arising from great-power rivalry, economic dependency, and strategic competition.
Sri Lanka has, therefore, consistently sought to maintain strategic balance while safeguarding sovereignty and constructive engagement with all partners.
China has remained an important development and economic partner for Sri Lanka over many decades. The relationship, strengthened through the 1952 Rubber-Rice Pact, expanded significantly in the post-war period through cooperation in infrastructure, connectivity, logistics, energy, and economic recovery. Projects associated with the Belt and Road Initiative have contributed to Sri Lanka’s development, regional connectivity, and post-crisis resilience. China also extended support during the COVID-19 pandemic and Sri Lanka’s recent economic stabilisation efforts.
The future international order must be shaped not by confrontation or exclusive blocs, but through pragmatic cooperation, institutional reform, and balanced multilateral engagement.
International institutions, particularly the United Nations system, must evolve to better reflect contemporary geopolitical realities and the growing voice of the Global South.
Without greater inclusivity and legitimacy, multilateral institutions risk losing effectiveness in addressing increasingly complex global challenges.
Equally important is preserving a rules based maritime order grounded in international law, particularly the principles of the United Nations Convention on the Law of the Sea.
The international community must also establish clearer norms governing emerging technologies, cyber operations, artificial intelligence, autonomous weapons systems, and outer space security.
Sri Lanka’s recent economic stabilisation efforts further demonstrated that internal resilience is essential for maintaining strategic autonomy and an independent foreign policy.
It is also an opportunity to build a more inclusive, balanced, and resilient international order capable of responding to the realities of the 21st century.
-
News4 days agoIMF urges Lanka not to meddle with exchange rate
-
Business5 days agoSri Lanka’s construction industry losing ground while no one watches
-
News4 days agoState of emergency extended
-
Midweek Review7 days agoIsraeli-US aggression won’t go unanswered -Iranian Ambassador
-
Features5 days agoThe Division Bell Mystery
-
News2 days agoUNP challenges NPP move to amend Vihara – Devalagam Act
-
Business2 days agoIMF’s unstated rate:Sri Lanka’s $695m loan costs about 5.33% per annum
-
News6 days agoRTI query of Ditwah funds: Presidential Secretariat mum on key questions
