Business
Erik Solheim critical about US’s indictment of Gautam Adani
By Sanath Nanayakkare
Erik Solheim, the former Norwegian politician, peace negotiator, advisor to green businesses and international guest speaker on environment and development, has criticised the indictment by U.S. authorities on Indian billionaire Gautam Adani, for his conglomerate’s alleged role in a $265 million bribery scheme.
This news sent shockwaves across the world last week while the Adani Group denied the allegations.
Erik Solheim, who had been the Executive Director of the UN Environment Programme between May 2016 and November 2018 has chosen to criticise the US authorities by writing a scathing post on X (formerly Twitter) titled: ‘When will American overreach stop??’- with a double question mark.
Erik Solheim’s post on X is quoted below.
“The last week global media have been full of stories about indictment against the Adani Group by an American prosecutor.”
“It is time the world started asking when American overreach would stop? Let’s turn the table for a second and assume that an Indian court charged top American business executives for crimes allegedly done in the US. Would this be acceptable to America? Would American media find it appropriate?”
“It is now clear that the accusations are not against the top Adani leaders; Gautam and Sagar Adani [the millennium scion of the Group]. Nor is there evidence that bribes were paid by Adani executives to Indian government officials. The indictment solely rests on claims that bribes were promised or discussed.”
“This American overreach has serious consequences for people’s lives. It makes it harder for one of India’s economic power houses to finance its operations. It forces the Adani Group to spend time and resources in court rather than building solar and wind plants. It simply slows down the green transformation of India. It’s time to put a stop to American overreach!” the post said.
A few days before the parliamentary election in Sri Lanka, Solheim, via a post on X, had predicted a landslide victory for Sri Lanka’s NPP led by President Anura Kumara Dissanayake, and said that the mandate would be given for deep reforms.
“Sri Lanka is incredibly beautiful with fantastic natural assets. Establishing a green economy in tourism, protection of mangroves, forestry and renewable energy would be one of these key reforms,’ he said in that post.
Solheim was the sixth among former UN Environment Executive Directors and Under-Secretaries-General of the United Nations.
The Adani Group and John Keells Holdings PLC are jointly developing the West Container Terminal (WTC) at the Colombo Port.
Sri Lanka’s Attorney General in October 2024 informed the Supreme Court that the Cabinet of Ministers has decided to reconsider matters related to the wind power project in Mannar by Adani Green Energy.
Business
Microsoft hosts ‘Scaling AI at Work’ to drive AI-first innovation for Sri Lankan businesses
Microsoft ignited the ‘Scaling AI at Work’ event in Sri Lanka on 26 November 2024, providing a dynamic platform for key customers and partners to delve into the transformative potential of AI. The event showed how Microsoft AI is sparking success among its customers, effectively enriching employee experience and driving business processes with the use of an AI platform that is secure, safe, and private.
Dr. Rohini Srivathsa, Chief Technology Officer for Microsoft India and South Asia, led a power track on ‘The Art of Possible with AI for Productivity’. In her session, Dr. Srivathsa discussed the extensive suite of AI models accessible through the Microsoft platform, emphasizing that unlocking its true potential hinges not only on the prompts customers use, but also the context of one’s work. She elaborated on how AI is reshaping business transformation and the critical importance of responsible AI practices, reaffirming Microsoft’s stance on protecting customer data.
Speaking on the efficacy of AI in driving value, Dr. Srivathsa said, “Microsoft runs on trust. We aim to empower our customers to bend the curve on innovation with AI Copilots, driving efficiency through comprehensive cutting-edge systems. We’re changing the way innovation is done, effectively helping our customers accelerate their transformation in the age of AI with a platform that is secure by design to reshape collaborative businesses, processes and decision making.”
A key highlight was how Microsoft 365 Copilot enhances productivity by saving time, automating routine work, thereby freeing workforces to pursue higher priority goals with the potential of creating significant impact.
The event explored how Copilot is actively helping organizations create new business opportunities, optimize capital management, and improve profitability while reducing operational costs by eliminating the need for external support and third-party AI tools. Copilot users reported saving 30 minutes a day, equating to 10 hours per month, highlighting the value of AI in everyday business operations.
Trust and security were central themes throughout the event. Speakers underscored the importance of implementing robust security measures alongside AI adoption. In line with this, a panel discussion titled ‘Creating Customer Delight by Optimizing Processes with Utmost Security’, moderated by Harsha Randeny, Country Manager for Microsoft Sri Lanka and Maldives, explored real-world success stories of businesses achieving operational efficiency through AI-powered solutions.
Business
The George Keyt Foundation unveils a distinguished line-up of Sri Lankan artists for upcoming auction conducted by Sotheby’s
Sotheby’s conducts its first ever Auction celebrating contemporary and modern Sri Lankan artists
The eagerly anticipated first-ever art auction conducted by Sotheby’s in Sri Lanka, presented by the George Keyt Foundation, continues to generate excitement with the unveiling of the distinguished line-up of artists.
The landmark event aims to bring together an extraordinary constellation of Sri Lanka’s most celebrated contemporary and modern artists whose works will be showcased and sold in an unprecedented charity auction.
The artworks will be available for viewing at Cinnamon Life on December 8th from 10.00 a.m. to 6.00 p.m and on December 9th from 10.00 a.m to 5.00 p.m. On December 8th, Ishrat Kanga – Director, Specialist, and Co-Worldwide Head of Modern and Contemporary South Asian Art at Sotheby’s will lead a panel discussion titled ‘Indian Ocean Affiliations in the Making of Modern and Contemporary Sri Lankan Art’. The Panel will be moderated by Mariah Lookman and will include Professor Jagath Weerasinghe and Anoma Wijewardene. This is a free event and registration is available on Eventbrite on the following link: https://www.eventbrite.com/e/indian-ocean-affiliations-in-the-making-of-modern-contemporary-sri-lanka-tickets-1094936778379
The Charity Auction,conducted by Ishrat Kanga of Sotheby’s, featuring 46 Lots by 35 leading Sri Lankan artists will take place on December 9th 2024 at 6.30 p.m. at The Forum, Cinnamon Life. Pre-registration to participate in the Auction is required. For more information, please visit www.georgekeytfoundation.com/auction
The prestigious exhibition receives support from generous sponsors including Cinnamon Life as the Principal Sponsor and Nations Trust Bank serving as Co-Sponsor. Other Official Partners include Lynear Wealth for Wealth Management, Wine World for Beverages, MA Lanka for Logistics, Colombo Jewelers for Gem & Jewellery, Calcey for Technology, Printcare for Print Services, and Chatham Luxury as Watch Partner.
The exhibition provides a valuable opportunity for art enthusiasts, collectors, patrons and the public to immerse themselves in contemporary creative expressions, celebrating Sri Lanka’s artistic legacy. For more information visit our website www.georgekeytfoundation.com/auction and pre-registration details, contact: info@georgekeytfoundation.com
Business
NDB Kotahena branch sets a new benchmark with record-breaking CEO’s Club achievement
NDB Bank proudly celebrates the exceptional performance of its Kotahena Branch, which has achieved a monumental milestone in the bank’s history. The branch has become the first in NDB’s history to produce an unprecedented all 12 branch staff members qualify for the elite CEO’s Club members in a single year 2024 with a remarkable YTD achievement of Rs.37 million, cementing its position as the highest performer across the entire network.
This historic achievement is a testament to the Kotahena Branch team’s relentless dedication, exceptional teamwork, and commitment to delivering customer-centric solutions. By placing the needs of customers at the forefront, the team has demonstrated the true spirit of excellence that NDB strives for.
NDB Bank’s CEO’s Club, a hallmark of bancassurance excellence, has grown exponentially since the partnership with AIA Insurance began in 2006. As a pioneer in integrating banking and insurance services, NDB has consistently enhanced its suite of bancassurance solutions to provide comprehensive financial security for its customers. In 2023, the bank recorded a landmark achievement with 210 CEO’s Club members, showcasing the growing importance of bancassurance in NDB’s customer-focused offerings.
The 12 exemplary staff members who contributed to this outstanding achievement were Balasubramaniam Aingaran – Branch Manager, Shivanthan Jayaranjit – Privilege Relationship Manager, Jeyasekaram Kuganthan – Assistant Manager, Gagan Hiniduma – Credit officer, Navodya Nagodavithana – Credit Associate, Chamara Udayanga – Pawning officer, Sharmin James – Cash Officer. Amirthalingam Kirushikan – Previous cash officer, Mohammed Nafeel – Junior Executive, Nishan Madushanka Leonard – Senior Business Development Associate, Nidhursha Yogaraj – Banking Assistant and Sesadi Jeyasekara – Banking Assistant.
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