Cleopatra Doumbia-Henry, president of World Maritime University, often renowned as the ‘Ocean Influencer’ (L), and Prof (Dr) Captain Nalaka Jayakody presently serving as VC and CEO of Northshore International Campus (R)
In recognition of his distinctive contributions to the maritime sector both nationally and internationally, Professor (Dr) Capt Nalaka Jayakody, a renowned academic and Master Mariner, was bestowed an Outstanding Alumnus award on November,1 by World Maritime University (WMU) in Malmo, Sweden, making him the first recipient from South Asia.
This prestigious award was conferred at the convocation by the Chancellor of WMU Kitack Lim who is also the Secretary General of the International Maritime Organization (IMO).
Prof Jayakody obtained his Master of Science (MSc) in Maritime Education and Training (MET) from WMU. This two year full-time programme in 2000-2001 was prior to pursuing his Doctor of Science (DSc) in Maritime Affairs from Dalian Maritime University in China where he also served as a professor. He excelled as a class leader throughout his time at WMU, actively taking part in various activities.
Commenting on this incredible achievement, president of the World Maritime University, Dr Cleopatra Doumbia-Henry, stated ‘It is always a great pleasure to be in close contact with our graduates, and to be able to recognise such an eminent graduate, and one who has made such an impact in the field of education is an immense pleasure. Professor Jayakody is an example of how, if we work together, we can transform our world and ensure sustainable development for everyone in it.’
Prof Jayakody was the first and only Sri Lankan to be elected Vice President of the Student Council. He represented WMU for the Malmo Dragon Boat Race for two consecutive years, and participated in many sports such as soccer, badminton, swimming, squash, and athletic, winning the title Sportsman of the Year in 2001.
‘I am delighted to be recognized with this prestigious award from WMU and would like to thank each and every one that made it possible. I always cherish the memorable moments spent at WMU two decades ago, and my learning and achievements during my time here has with no doubt contributed significantly to my ambitions and aspirations,’ said Prof Nalaka Jayakody who now serves as the Vice Chancellor and CEO of Northshore International Campus.
Prior to this, Prof Jayakody was the Vice President of CINEC, having joined the higher education institute as a lecturer in 1998 and quickly rose to senior lecturer, head of the department, dean of the faculty, and director. His enormous contribution towards state and private higher education and maritime sector in the country goes without saying.
Prior to entering the world of academia, Prof Jayakody was the Master of a merchant ship, having sailed with various types of vessels from 1984 to 1998 in ascending ranks of seniority. His maritime training began in 1984 and went to obtain the first Certificate of Competency (CoC) as Class II Second Officer from the Australian Maritime College in 1989, and later the Master Mariner qualification from the Royal Melbourne Institute of Technology (RMIT), Victoria, Australia in 1994.
He is undoubtedly a well experienced seafarer, having traveled over 90 countries working with diverse cultures and people. He takes great pride in being the first and only Sri Lankan Master Mariner and one of the very few in the world to obtain a doctorate and become a professor to date.
Prof Jayakody’s two other well notable awards include the recent International Leadership Innovation Excellence Award’ 2019 by IES India, and ‘Award of Academic Excellence’ 2014 by the then President of Sri Lanka.
Professor Jayakody DSc (Cn), MSc (Swe), FNI (UK), FCILT (UK), FIMarEST (UK), CMarTech (UK), Master Mariner (Aus) also served as the chairman of The Nautical Institute (NI-UK) Sri Lanka Branch, president of the Sri Lanka Association of Non-State Higher Education Institutions (SLANSHEI), and presently serves as an Advisor – Professional Services (Education) of Export Development Board (EDB). He is also a prominent advisor to various state and private sector authorities and institutions.
realme dares to leap into Sri Lankan youth market with cutting edge devices
realme, the world’s fastest-growing smartphone brand, launched its products in Sri Lanka on the November 23. The virtual launch event took place with the participation of Chanux bro and realme Sri Lanka team where benchmark, trendsetting realme products were introduced to the Sri Lankan market.
The launch expands the reach of the fastest smartphone brand to reach 50 million product sales worldwide, to a brand new market with young users looking for the very best in technology and smart devices. Ranked among the Top 5 brands in over 13 markets globally in just two years of operation, realme is ranked seventh globally. Proclaiming it will ‘dare to leap’, realme identifies with young people who are willing to take a risk, and has launched four cutting edge products to the Sri Lanka market, set to exceed expectations.
realme 7 – sharper captures and cooler gaming with faster charges
realme 7 grabs the imagination of the youth with a 64MP Quad Camera with Sony IMX682 sensor for sharper captures, the World’s First MediaTek Helio G95 Gaming Processor for cool gaming and a 30W Dart Charge, taking just 26 mins to get 5000mAh battery 50% Charged. The sleek smartphone comes with a 6.5-inch 90Hz Ultra Smooth Display with a 16MP In-display Selfie Camera and Starry Mode.
The first smartphone to have passed TÜV Rheinland Smartphone Reliability, realme 7 is the first in segment smartphone with the Sony 64MP Quad Camera.
President to inaugurate CCC Sri Lanka Economic Summit
Sri Lanka’s foremost economic summit will be inaugurated by Chief Guest Gotabaya Rajapaksa, President of the Democratic Socialist Republic of Sri Lanka on December 1. The summit is themed “Roadmap for Take-off: Driving a People Centric Economic Revival”. The President will also deliver the inaugural address.
Mahinda Rajapaksa, Prime Minister of the Democratic Socialist Republic of Sri Lanka, will launch the second phase of the summit on December 2 and participate in the VVIP session focused on “Empowering Take-off: Efficient Government and Progressive State Enterprises.”
The Inaugural session on December 1, commencing at 8.30am will feature addresses by keynote speaker Nirmala Sitharaman, Minister of Finance and Corporate Affairs of the Republic of India and Guest of Honour Ajith Nivard Cabraal, State Minister of Money and Capital Markets and State Enterprise Reforms. Dr. Hans Wijayasuriya – chairman of the Ceylon Chamber of Commerce will deliver the welcome address.
The flagship summit will be held on a virtual format in compliance with health guidelines and will bring together key policymakers, business leaders as well as the input of top international thought leaders will come together to identify the steps in developing the pathway towards the accelerated and people centric revival of the country’s economy.
Participants may register for the entire two-day virtual summit, or pick the sessions of their choice, an opportunity offered for the first time. Registrations for the event are now open. For further information, please contact Niroshini on email@example.com or 0115588852; or Alikie on firstname.lastname@example.org or 0115588805. (CCC)
Central Bank’s policy rates decision to be driven by two options
by Sanath Nanayakkare
The Central Bank will be reviewing its monetary policy stance on November 26. In this context, First Capital Research has put forward strong arguments both for and against an interest rate cut, in its Pre-Policy Analysis.
Making their argument against further relaxation in monetary policy First Capital said, “As a response to the measures taken by the government, private sector credit has improved to Rs. 87.4Bn in September while market liquidity reached Rs. 140 bn by 13th Nov indicating that there is surplus liquidity in the system. Moreover, the unemployment rate, which was at 5.7% in the 1Q2020 has declined to 5.4% in the second quarter. These indicators suggest that economic activity has remained steady without much deterioration in the 2Q. Except the GDP growth numbers, where the 2Q2020 figures are yet to be seen, other indicators are signifying a recovery, inquiring the need of further policy easing at the upcoming review”.
“In response to previous monetary easing measures implemented by CBSL, to bring down costs of borrowing of businesses and households, both market deposit and lending rates adjusted notably so far during the year. AWPR declined to historic lows in recent weeks, while banks’ lending rates also witnessed a downward adjustment in line with CBSL’s expectations. We believe that considering the recovery in the private credit and historic low levels in AWPR, there is no vital requirement for CBSL to provide a rate cut and to further bring down the market lending rates drastically”.
Their arguments for further relaxation in monetary policy was: “A thrust for development is the need of the current government. We estimate that Sri Lanka’s GDP would see its steepest contraction in history of -5.8% in 2020 following the unexpected contraction in 1Q GDP growth of -1.6% while 2Q GDP figures are yet to be seen. However, the government’s key drive is the development oriented economic growth which was spelt out through the budget 2021 as well. Accordingly, the government plans to reach 6% and above GDP growth during the next 5 years commencing from 2021. As we believe, a development-oriented budget coupled with further low interest rate environment can support the government’s medium-term goals. Therefore, the need to accelerate the GDP growth can be considered as a major factor favouring further policy easing at the upcoming review.”
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