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BIMSTEC Secretary-General discusses regional cooperation in the Bay of Bengal region at LKI

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(R-L) Amb. Ravinatha Aryasinha, Amb. Indra Mani Pandey and Ms. Shanika Dissanayake.

Ambassador Indra Mani Pandey, Secretary-General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was hosted by the Lakshman Kadirgamar Institute (LKI) for a special guest lecture and interactive session titled “Regional Cooperation through BIMSTEC” on 09 April 2024 at the Lighthouse Auditorium. The programme provided an opportunity for the gathering of Sri Lankan policymakers, academics, researchers, and university students to engage directly with the Secretary-General who was on his first official visit to Sri Lanka, in evaluating topics and concerns related to the region and BIMSTEC, in the context of global politics and Sri Lanka’s foreign policy interests.

Welcoming Secretary-General Pandey, Executive Director of the LKI Ambassador Ravinatha Aryasinha highlighted the contribution Sri Lanka has made to BIMSTEC as a founding member, in fielding its first Secretary-General, and the role played during Sri Lanka’s chairmanship of BIMSTEC during 2018-2021 in revitalising the organization through the adoption of the BIMSTEC Charter and the rationalisation of the areas of cooperation, as well as the streamlining of related institutes. He added that during bilateral consultations with the Secretary-General, the LKI as the Sri Lankan focal point of the BIMSTEC Network of Policy Think Tanks, had expressed its continued support towards future collaboration with BIMSTEC, with special emphasis on the thematic domain of science, technology and innovation which is Sri Lanka’s focussed area of responsibility, along with the sub-areas of Technology, Health, and Human Resource Development.

Delivering opening remarks, Additional Secretary (Economic Affairs) of the Ministry of Foreign Affairs, Ms. Shanika Dissanayake noted that the seven-member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand accounted for 1.7 billion people and a combined GDP of 5.2 billion dollars. Describing the organization as a vibrant and progressive intergovernmental organization, Ms. Dissanayake noted BIMSTEC’s relevance in creating a more interconnected region, especially in the fields of transport, security, and energy.

Delivering his guest lecture, Secretary-General Pandey outlined the role and functions of BIMSTEC and the new measures being operationalised to create a more effective and active organisation. Outlining each of the seven sectors of BIMSTEC’s sectors of cooperation, he emphasised Sri Lanka’s continuing critical role as a founding member, and thanked the Government of Sri Lanka and its leadership for their continued support in building regional cooperation in the region. Sharing that the sixth summit is set to take place in Thailand later this year, he added that BIMSTEC nations are set to meet every two years. Noting that he had already paid first visits to several member states, he said there is political commitment to further strengthen regional cooperation through BIMSTEC. He also highlighted the relevance of BIMSTEC as a platform for development, building towards a more integrated region in terms of economics, transportation, technology, and communication, leveraging the region’s geographic placement, along with its population, and GDP among other factors. He added that BIMSTEC is now ready to open its doors to new member and observer states and expressed a positive outlook for the organisation’s future.

During the interactive session that followed the audience expressed their appreciation for the opportunity to engage in a dialogue with the Secretary-General. The discussion covered a wide array of topics. On the possibility of a shared energy grid and regional collaboration in the energy sector, the Secretary-General revealed that they are hopeful to make more progress and emphasised the importance of transitioning into renewable energy sources at a regional level. On intra-regional trade which remained low at present, the Secretary-General noted that there are some developments on the subject and more progress could be expected. He said finding projects to build a more connected region would not be easy given that some nations in BIMSTEC are still in the process of development. The importance of human resource development was also emphasised during the discussion. Additional Secretary Dissanayake further underlined the importance of involving youth in BIMSTEC plans. On cooperation and collaboration between regional organisations, she said the Indian Ocean Rim Association (IORA) had approached the BIMSTEC to sign an MoU for the common purpose of greater regional cooperation. Emphasising sustainability and ocean concerns, she said both organisations prioritise connectivity, and regarding funding constraints noted IORA’s success in adopting more dialogue partners like the European Union (EU), which could also help BIMSTEC.

Responding to a question on the future of multilateral organisations such as IORA or BIMSTEC, in the context of growing minilaterals, the Secretary-General said it was difficult to find convergence even in bilateral negotiations, and it is that much harder in multilaterals. He said each of these mechanisms have a role to play and we should not give up because there are challenges in finding convergences or in implementing our decisions. It’s important to persist because regional and sub-regional organisations present huge opportunities for countries to come together and work together. Citing the EU and Association of Southeast Asian Nations (ASEAN), he said we find that under very difficult circumstances, regional organisations have been able to deliver. Ambassador Aryasinha, responding on this issue, acknowledged that the priorities of individual countries within regional organisations such as IORA and BIMSTEC might have changed from its founding to the present day depending on the new minilateral alignments some of them might have entered into and the changing global power dynamics. However, rather than being over ambitious, the safe bet for such organisations is to focus on ‘functional’ areas that are politically less contentious on which to initially cooperate, and to allow the confidence built through this to help move on to the more complex issues.



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AHK Sri Lanka champions first-ever Sri Lankan delegation at Drupa 2024

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The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.

AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.

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Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness

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Kotaro Katsuki, Ambassador for the Embassy of Japan

In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.

The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.

“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.

Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,

Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.

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HNB General Insurance recognized as Best General Bancassurance Provider in Sri Lanka 2024

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HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.

The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.

“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”

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