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Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business, says High Commissioner

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  • = Australia has provided SL more support than ever this year, including through $75 million in development funding in 2022-23

  • = There is great potential in GOSL’s plan to become a regional hub for international education

  • = Permanent migration visas available in 2022-23, has increased legitimate migration pathways to Australia

by Sanath Nanayakkare

As a friend and neighbour, Australia will continue to support the people of Sri Lanka in any way we can, and Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business,” the newly designated Australian High Commissioner to Sri Lanka Paul Stephens told The Island Financial Review during an exclusive interview with him.

“Australia and Sri Lanka enjoy strong economic and trade cooperation, which has continued this year despite the economic challenges faced by Sri Lanka. Australian companies continue to see Sri Lanka as a highly prospective place to invest and do business, for example in renewable energy, mineral resources, agrifood, water infrastructure, and education partnerships,” he said.

Further speaking Paul Stephens said:

“Under Australia-Sri Lanka Trade and Investment Framework Arrangement (TIFA), we hold Joint Trade Committee (JTC) meetings between senior officials annually (last held in 2021) and regular working level meetings every few months. We expect to continue senior bilateral engagement on trade and investment, including with a JTC hosted by Australia later this year.”

“I’m pleased to say there are now more than 30 partnerships between Australian education providers and Sri Lankan institutions – and this number continues to grow. Australia sees great potential in the Sri Lankan Government’s plan to become a regional hub for international education. The recent interim budget announcement to allow foreign universities to establish campuses in Sri Lanka is a strong, positive step towards growing Sri Lanka’s international education sector. Australian providers are keen to be part of this journey. The technical and vocational education sector is also an emerging growth area for Sri Lanka, and one where Australia has deep expertise and experience. We continue to work with the Sri Lankan Government to consider how best to collaborate in this space. For example, in partnership with the Sri Lankan Ministry of Skills Development and Vocational Training, Australia has been a strong supporter of programs that strengthen skills across the full value chain of the tourism sector. This work is carried forward through Australia’s $14.4 million Skills for Inclusive Growth program, which has been in operation since early 2017.”

“Australian society has been fortunate to benefit from a rich mix of cultural backgrounds and heritage. As reported in the most recent Australian census, since 2021 more than half of Australia’s population was either born overseas themselves or had a parent who was born overseas. Strong people-to-people links are a bedrock of the Australia-Sri Lanka relationship. Many Sri Lankans have chosen to make Australia their home and they have made outstanding contributions to Australia’s diverse, multicultural society. I have no doubt this will continue in the future. Australia’s focus is on supporting legitimate pathways to migration, and of course, discouraging Sri Lankans from making dangerous journeys by sea. Australia recently announced an increase in the number of permanent migration visas available in 2022-23, with a focus on meeting skills shortages in regional areas. This step has increased the legitimate migration pathways available to Australia, including for Sri Lankans.”

“Australia remains committed to working practically and constructively with Sri Lanka to advance its commitments toward reconciliation and transitional justice and to meet its international human rights obligations. Australia has always had transparent and open discussions with the Sri Lankan Government on our strong support for international human rights norms. While Sri Lanka’s current economic situation is challenging, there is good evidence that durable reconciliation is a key underpinning factor for long-term political and economic stability. While we welcome a central role for strengthened, independent domestic institutions that have the trust of affected communities, we also continue to encourage Sri Lanka to engage positively with international human rights processes. We do also consider the ongoing impacts of the conflict, and the role we can play in helping to mitigate these, through our development assistance to Sri Lanka. Among other initiatives, in recent years Australia has provided support for livelihoods and psycho-social support for affected communities in the North and East, and supported a range of community-based organisations to lead reconciliation and economic development at the local level. We will continue to look for opportunities to support Sri Lanka’s reconciliation journey.”

“I was very pleased to see Sri Lanka and the IMF work together to recently finalise the IMF staff-level agreement. This is a positive step in Sri Lanka’s economic recovery and Australia welcomes the strong and productive engagement by senior officials in this process. We continue to encourage the Sri Lankan Government to follow through with the implementation of any necessary reforms recommended by the IMF, as part of returning Sri Lanka to a stable and prosperous economic path. I am also pleased Australia has provided Sri Lanka more support than ever this year, including through $75 million in development funding in 2022-23, to help alleviate the impacts of the crisis on the most vulnerable. As a friend and neighbour, Australia will continue to support the people of Sri Lanka in any way we can.”

“Australia’s Indo-Pacific vision is for an open, inclusive and resilient region underpinned by rules, norms and respect for sovereignty. As an Indian Ocean neighbour, Australia wants Sri Lanka to be stable, resilient and prosperous, including by safeguarding its sovereignty and democratic values. Australia and Sri Lanka have long had productive and mutually beneficial collaboration in regional and multilateral forums, including the UN, the Commonwealth and the Indian Ocean Rim Association. We will continue to work together and support Sri Lanka’s engagement in these institutions, which we see as important mechanisms for frank and open discussion and practical action in areas of common interest.”

When asked to tell our readers about his diplomatic career, his family, the food he loves to eat and what he enjoys doing in his leisure time, the High Commissioner said,” I have been fortunate to have had a varied career which has included postings in Stockholm (where I was Ambassador), Bangkok, New York and Brasilia, in addition to Colombo. My wife Christina and I have three children, twin boys Cody and Daniel and a daughter Bella. All three are adults and remain in Australia where they are working. We are looking forward to having them visit us here in Sri Lanka. I am an avid sports follower, especially of cricket and Australia’s indigenous football code, Australian Rules. I played grade cricket for many years in Australia but have more recently focused on distance running, while also enjoying bike riding, swimming and going to the gym. There are very few foods I don’t like but I do love spicy cuisine and am looking forward to experiencing Sri Lanka’s many culinary delights, especially fish and fresh fruits!

When asked if there’s a motto that best describes how he views and approaches life, he said,” I don’t have a special motto, but I think it’s important to be nice to people and stay calm.”



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Sri Lanka wins ‘Best Stand for Doing Business’ award at WTM 2024

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Dignitaries at the award presentation ceremony.

Sri Lanka Tourism has once again showcased its global appeal and commitment to strengthening the tourism industry by winning the esteemed “Best Stand for Doing Business” award at the 2024 World Travel Market (WTM) in London competing with more 183 destination stands present at the show. It was presented to chairman Sri Lanka Tourism Buddhika Hewawasam by the Johnathan Hull, chairman of World Travel Market & Reed Exhibitions UK on November 6 at the Sri Lanka stand. The award underscores Sri Lanka’s innovative approach to promoting tourism and fostering partnerships with international trade partners, reaffirming its position as a key player in the global travel and hospitality industry.

The WTM, one of the world’s most prominent travel fairs, brings together tourism professionals from across the globe, facilitating business networking, and encouraging investment in the travel sector. This year, the Sri Lanka Tourism stand impressed judges and attendees alike with its visually captivating design, welcoming ambiance, and strategic layout that optimized business interactions. The stand featured immersive experiences showcasing Sri Lanka’s rich cultural heritage, pristine natural landscapes, and vibrant wildlife, setting the perfect stage for meaningful discussions and collaborations with international tourism professionals.

The “Best Stand for Doing Business” award is particularly significant as it reflects Sri Lanka’s commitment to building strong partnerships and boosting tourism following a period of unprecedented challenges. The Sri Lanka Tourism stand drew hundreds of visitors, offering them a taste of the country’s unique attractions and providing opportunities for in-depth business discussions. Key stakeholders from travel agencies, tour operators, and hospitality chains engaged in productive dialogues that promise to bring more travelers to the island.

“We are thrilled to receive this recognition, as it not only acknowledges the beauty and richness of our country but also validates our strategic efforts to position Sri Lanka as an accessible, desirable, and thriving destination for global travelers,” said Buddhika Hewawasam, chairman of Sri Lanka Tourism. “This award is a testament to the hard work and resilience of our tourism industry, and we look forward to strengthening partnerships that will make Sri Lanka a top choice for travelers worldwide.”

The award comes at a time when Sri Lanka has also been recognized as the best island destination in the world at the Wanderlust Reader Travel Awards, adding to the momentum for a promising year ahead. This dual achievement highlights the dedication of Sri Lanka Tourism in showcasing the island’s potential and its readiness to welcome the world.

Sri Lanka Tourism extends its heartfelt gratitude to the WTM organizers, participants, and all stakeholders who supported its efforts at this year’s fair. The team is optimistic that this recognition will inspire greater collaboration, attract more visitors, and contribute to the sustainable growth of Sri Lanka’s tourism sector.

(Sri Lanka Tourism Promotion Bureau)

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Eye-openers on reading and education disseminated at BCIS

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Dr. Madhubhashini Disanayake Ratnayake (L) / Dr. Preethi Liyanage (R)

Intellectual curiosity is the key to knowledge and wisdom and without an undying thirst for reading, which triggers such an urge, these invaluable personal assets could never be acquired. This thought provoking message was conveyed to nearly a hundred local primary and secondary students who were visitors to the Bandaranaike Centre for International Studies (BCIS), Colombo on October 25th by Senior Lecturer, Sri Jayewardenepura University, Dr. Madhubashini Disanayake Ratnayake.

Dr. Disanayake Ratnayake was speaking on the subject: ‘The Role of Reading in Shaping Futures in an Interconnected World.’

The event was launched, in view of National Reading Month, by the BCIS, which is celebrating the 50th year of its founding this year. Besides imparting to the students the value of the reading habit, the BCIS also intended to introduce the students to its well-equipped library, which is an invaluable resource base for those desirous of seeking a well-rounded education. For those in pursuit of cutting-edge knowledge in particularly International Relations, the BCIS Library is a veritable ‘must-go-to’ institution.

The relevant programs were conducted by the BCIS staff under the guidance of the institution’s Executive Director, Ms. Priyanthi Fernando.

The students were taken on a tour of the BCIS Library and other knowledge resources of the institution with the aim of stimulating in them the reading habit and a zest for knowledge-seeking. Such projects couldn’t have come at a better time than the present when local education at school level in particular is mainly examination-oriented.

The following are some key ‘take-away’ points, Dr. Madhubashini presented to her young audience: ‘Although exams are important, they are by no means the end-all and be-all of education. Being well-read, on the other hand, opens the door to in-depth and wide-ranging knowledge which will lead to the intellectual self-sufficiency of any individual, young or old.

‘Acquiring knowledge through continuous reading is, accordingly, a life-long process. It leads to knowledge empowerment even in one’s old age and the acquiring of ‘paper qualifications’ is not essential at the end of this process.

‘It is important to read whenever there is a possibility to do so. Reading even half a page of a literary work per day that proves enjoyable will serve the cause of one’s literacy. This points to the importance of time-management.

‘Acquiring membership of the country’s important libraries, including the National Library and its branches, will prove a great fillip in this process of educational empowerment.’

President, Sri Lanka Library Association and Librarian /Registrar, CFPS Law School, Dr. Preethi Liyanage, who also addressed the students was equally emphatic about the need for enthusiastic and continuous reading. The branches of the National Library which are spread far and wide in Sri Lanka are a boon that should be tapped effectively he pointed out.

Dr. Liyanage stressed the following: ‘Acquiring membership of the town branch of the National Library is a most inexpensive process. The annual fee that should be paid by a student is very nominal and it is not compulsory that a student be a resident of the Colombo District to be a member of the ‘Colombo Public Library’ any longer. Anyone from anywhere in the island is eligible to be a member of the ‘parent library’.

‘Literacy and knowledge is not a matter of acquiring high-sounding formal qualifications. Literary greats of Sri Lanka of yesteryear, such as Martin Wickremesinghe and G.B. Senanayake, could not boast of long primary and secondary school careers. However, they were avid readers who made good use of the country’s libraries. Their knowledge and literary greatness derived entirely from their undying reading habit.

‘Next time you wish to give someone a present, don’t give him or her a cake or sweetmeats which only invite illness. Present them with a valuable book instead.’

Lynn Ockersz

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A case for data-driven decision-making for plantations

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Dr. Chandra Embuldeniya

By Ifham Nizam

In an era where sustainable agriculture has become a global priority, Dr. Chandra Embuldeniya, Honorary Fellow at the National Institute of Plantation Management and Founding Vice-Chancellor of Uva Wellassa University, addressed plantation professionals on the transformative potential of data-driven decision-making (DDDM) for plantation sustainability.

Speaking at the “Professional Members Day” hosted recently by the National Institute of Plantation Management, Embuldeniya outlined a path toward a resilient and efficient agricultural future, guided by precision technology and collaborative innovation.

Embuldeniya’s presentation, titled “Data-Driven Decision Making for Plantation Sustainability,” resonated with Sri Lanka’s agricultural leaders and policy makers. He emphasized that with global food demand on the rise, sustainable and efficient farming practices have become more essential than ever to conserve resources, protect ecosystems, and support biodiversity.

In this effort, he argued, plantations must adopt data-driven methods that leverage real-time analytics, precision agriculture, and Internet of Things (IoT) technology to optimize resources, cut waste, and increase resilience against climate change.

“By utilizing data to guide our decisions, we can revolutionize plantation management,” he added. “The combination of DDDM and precision agriculture allows us to optimize resources and foster sustainability in ways traditional methods cannot.”

Central to his presentation was the concept of precision agriculture, an innovative approach that uses data to tailor farming practices to the unique needs of each plantation. Technologies such as Geographic Information Systems (GIS), Variable Rate Technology (VRT), and remote sensors help growers monitor and manage critical factors like soil moisture, nutrient content, and crop health.

This data-driven approach, Embuldeniya noted, enables plantations to address specific challenges efficiently, leading to higher yields, lower costs and reduced environmental impact.

Embuldeniya highlighted that the adoption of DDDM has far-reaching sustainability benefits, allowing plantations to reduce chemical inputs, lower water usage and avoid excess fertilizer application. By using data from IoT devices and precision tools, plantations can better manage pest control and optimize their fertilization schedules, promoting both soil health and biodiversity.

This approach, he explained, also helps plantations adapt to climate change. With predictive analytics, growers can make informed decisions on planting schedules and crop rotations based on historical data and current environmental conditions, ensuring resilience in the face of changing weather patterns.

Embuldeniya illustrated the power of machine learning and big data analytics through a case study on corn yield prediction in the United States. By analyzing data from IoT sensors and satellite imagery, farmers in the Midwest achieved significant yield increases by adjusting practices to weather conditions and soil health data. This success, he argued, is a testament to the impact of DDDM and IoT integration in modern agriculture, providing valuable insights for Sri Lanka’s own plantation sector.

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