Connect with us

Business

Sri Lankan business leaders to participate in the 2025 UN Private Sector Forum

Published

on

On the invitation of the United Nations Secretary-General, António Guterres, three representatives from UN Global Compact Network Sri Lanka (Network Sri Lanka) will participate in the 2025 United Nations Private Sector Forum (PSF), a high-level roundtable that brings together a select group of global private sector leaders to drive forward sustainable economic growth as a high level convening during the UN General Assembly Week in New York.

Representing Sri Lanka at this year’s Forum are:

Dilhan C. Fernando, CEO & Chairman, Dilmah Ceylon Tea Company PLC; Chairman, Network Sri Lanka

Supun Weerasinghe, Executive Director & Group Chief Executive, Dialog Axiata PLC; Board Member, Network Sri Lanka

Rathika de Silva, Executive Director, Network Sri Lanka

They were to join a group of 50 global corporate CEOs, Government leaders, UN Principals, and the UN Secretary-General in New York on Monday, 22nd of September, to discuss how private sector finance and investments can be mobilized for sustainable, inclusive growth.

A Critical Year for Collective Action

The 2025 UN Private Sector Forum takes place at a pivotal moment for the world economy and the global development agenda. The year 2025 marks:

•Ten years since the adoption of the 2030 Agenda for Sustainable Development, when world leaders pledged to ensure the rights and well-being of people everywhere on a thriving planet.

•Twenty-five years since the late UN Secretary-General Kofi Annan called on businesses to join forces with Governments and civil society through the UN Global Compact, sparking a movement towards more ethical and inclusive markets.

This year is also significant as it will see a series of major international milestones, including the 4th International Conference on Financing for Development, the Food Systems Summit, the World Social Summit, and COP30. Each of these processes spotlights the urgency of forging stronger partnerships between the private sector and multilateral institutions to achieve a just transition and ensure long-term economic resilience.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

“ViYASA” National Business Facilitation Centre (NBFC) to be opened tomorrow (22)

Published

on

By

The National Business Facilitation Centre (NBFC), which is being established under the Presidential Secretariat with the aim of removing administrative and regulatory barriers that exist among government institutions in relation to investment and industry and expediting these processes, will be opened tomorrow (22).

The centre is being established on the President’s initiative with the aim of bringing about a positive transformation in the industrial sector. The centre will provide solutions to issues that arise in dealing with the government machinery when starting and operating a business, while also coordinating with the relevant government institutions to provide the necessary facilities.

The “ViYASA” National Business Facilitation Centre (NBFC) has been established at Building C-80, Hector Kobbekaduwa Mawatha, Colombo 07, and is headed by Senior Additional( Secretary to the President, Seevali Arukgoda.

The centre will be opened under the patronage of Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando and Minister of Industry and Entrepreneurship Development Sunil Handunnetti, with the participation of Secretary to the President Dr Nandika Sanath Kumanayake.

The website https://nbfc.presidentsoffice.gov.lk is also scheduled to be officially launched on the occasion.

President’s Media Division)

Continue Reading

Business

Charting a worker-centered AI future: Colombo hosts landmark ITF conference

Published

on

The ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka

By Sanath Nanayakkare

Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.

These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.

Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.

As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.

Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.

Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.

Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.

Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.

Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.

Continue Reading

Business

Bridging the digital divide: Sri Lanka’s airport licence challenge

Published

on

As tourism surges from digitally advanced markets like India, modern independent travelers arriving at BIA find themselves caught in a mismatch between cloudstored credentials and local paper-based transport protocols.

By Sanath Nanayakkare

As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).

While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.

This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.

The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.

Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.

For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.

Continue Reading

Trending