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National planning comes centre stage at Gamani Corea Foundation forum

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Top left; R.H.W.A. Kumarasiri, Top right; Dr. Nandalal Weerasinghe, Bottom left; Dr. Indrajith Coomaraswamy, Bottom right; Dr. Lloyd Fernando.

By Lynn Ockersz

‘Sri Lankans are very good at writing plans but nothing very positive has resulted from these efforts over the years. Nevertheless, the country needs a new system of planning and an essential requirement for this is a sound institutional framework coupled with good governance, chairman of the Gamani Corea Foundation (GCF) and a former Director of National Planning Dr. Lloyd Fernando said.

Dr. Fernando was addressing a GCF-initiated and organized symposium on national planning at the BMICH on March 19 titled, ‘Discourse on Lessons Learned through National Planning – The Past, the Present and the Future.’ The wide-ranging and well attended forum brought together policy planners, decision-makers, senior public servants, prominent politicians and thought leaders, among others, who count vitally in national affairs.

A principal aim of the forum was to impress on political parties and their leaders the crucial importance of including national planning in a major way in their manifestoes, now that they are gearing-up for elections expected to be held sometime this year. It was hoped that national planning would underpin all efforts at developing the country.

Among other things, the following matters were mentioned by Dr. Fernando: ‘The 9cs are the backbone of good governance, without which national advancement is unthinkable. Figuring among the Cs are: Participation, Consensuality, Accountability, Transparency, Equity and Inclusiveness, Rule of Law and Strategic Vision.

‘Sections, such as the state, the public sector, the private sector and civil society must work together to bring about economic growth and development, based always on good governance.

‘We need a planned, disciplined approach in taking the country forward. It is crucial that state actors work closely with each other. This applies in particular to the Cabinet, the Planning Council and the Defence establishment. At the end of the day, we need an Administrative Reforms Council. The latter will need to bring under its purview: recruitment policies, minister-Secretary relations, training of public cadre, performance appraisal of state agencies and rewards for performance by public officials.’

‘It is hoped that political leaders would take cognizance of these needs, going forward.’

Speaking on the subject of ‘National Planning Yesterday’, former Governor of the Central Bank of Sri Lanka (CBSL), Dr. Indrajith Coomaraswamy stated the following, among other things: ‘The most comprehensive national development plan to date was formulated under Dr. Gamani Corea in the early fifties. In 1965, the Ministry of National Planning was launched. It discussed all operational aspects in national planning. While a 5 year development plan was initiated in the early seventies to essentially address the issues raised by the youth insurrection of 1971, national planning went out of vogue, as it were, with the liberalization of the economy in 1977. However even in those times, the Dept. of National Planning played a key role.

‘We need to get back to the Committee of Development Secretaries of the seventies which played an important function in development. Besides, it must be ensured that development projects are always in keeping with national priorities.’

Some key points made by CBSL Governor Dr. Nandalal Weerasinghe in his presentation, ‘A Macroeconomic Framework for the Future’, were as follows: ‘In some past times, monetary policy was allowed to be dominated by fiscal policy. This played a role in precipitating our current economic woes.

‘We have a stronger Central Bank now but a huge problem arises when national policies change with the changing of governments. Debt sustainability is crucial, going forward.

‘We need to independently assess the election manifestoes of political parties with regard to their financial feasibility. Likewise, we need a framework for public financial accountability. An institution with proper skills needs to be set up for this purpose. A debt management unit too is a crucial need.’

Director General of National Planning, R.H.W.A. Kumarasiri making an initial and comprehensive presentation titled, ‘National Planning Today’, drew the attention of the audience, among other issues, to the vital importance of a ‘Public Financial Bill’. This is central to state financial discipline.

During Q&A, Eran Wickremeratne M.P. made the following points: ‘Over the past 40 years, the local public sector has been destroyed. This sector must be independent of politicians. Recruitment to the public sector must be in the hands of public servants. We need to invest heavily in the training of public officials. Politicians should not decide on capital expenditure but we need a robust planning process.’



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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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