March 13, 2023
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3min




 

The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Secretariat and the International Food Policy Research Institute (IFPRI) signed a Memorandum of Understanding (MoU) on 05 March 2023 in Dhaka, Bangladesh.

H.E. Tenzin Lekphell, Secretary General of BIMSTEC and Dr. Johan Swinnen, Director General of IFPRI and Managing Director, Systems Transformation, CGIAR, signed the Memorandum of Understanding (MoU) on behalf of the respective organizations to formalize the partnership between the BIMSTEC Secretariat and the IFPRI.

The Memorandum of Understanding (MoU) focuses on conducting research and facilitating capacity sharing in order to explore the full agricultural potential of the BIMSTEC region. Through this collaboration, BIMSTEC Secretariat and IFPRI will work together to enhance food security, nutrition, agricultural productivity, and rural development and trade in the region as well as the sustainable and inclusive transformation of food systems.

Acknowledging the untapped trade potential of the BIMSTEC region, Secretary General Lekphell observed that by working with BIMSTEC, IFPRI can leverage its expertise and knowledge to help the region address its challenges more effectively.

Dr. Swinnen, in his remarks said that IFPRI is delighted to engage in this partnership and work with the BIMSTEC Secretariat as well as member countries’ research institutions on capacity sharing initiatives along with outreach and policy communications through cross-country learning and idea exchange.

The ceremony was attended by H.E. Dr. Mashiur Rahman, the Economic Affairs Advisor to the Hon’ble Prime Minister of Bangladesh and as well as Mr. Shabbir Ahmad, the Secretary Bilateral (West) of the Ministry of Foreign Affairs of Bangladesh. Dr. Purvi Mehta of the Bill and Melinda Gates Foundation (BMGF) addressed the event virtually.

The IFPRI is a research-based institute that develops policy solutions to reduce hunger and malnutrition in developing countries. Founded in 1975, IFPRI presently has more than 500 employees operating in over 70 countries and collaborates with a wide range of partners. It is a CGIAR research center, the world’s biggest agricultural innovation network.IFPRI’s regional and country programs play a critical role in responding to the demand for food policy research and in delivering holistic support for country-led development.




 


December 5, 2022
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3min

 



 

 

TOKYO, JAPAN – Media OutReach – 5 December 2022 – Asian Productivity Organization (APO) Secretary-General Dr. Indra Singawinata received Indonesian Vice Minister of Finance Dr. Suahasil Nazara and delegates at the APO Secretariat in Tokyo on 2 December 2022 to exchange ideas on increasing prosperity through labor productivity enhancement in APO members. Vice Minister Suahasil expressed interest in strengthening productivity initiatives through fiscal policy measures.

(Left to Right) Director General of Budget Financing and Risk Management Ministry of Finance Dr. Suminto, Indonesian Vice Minister of Finance Dr. Suahasil Nazara, APO Secretary-General Dr. Indra P. Singawinata, and Special Adviser to the Minister of Finance Dr. Titik Anas discussing labor productivity enhancement.

“It is high time for Indonesia and other developing countries to reflect productivity performance in their minimum wage formulas, although this could be sensitive,” stated the Vice Minister. He acknowledged that while labor market policy could be used as a tool for the social protection of workers, its impact on the improvement of productivity would require in-depth investigation. Vice Minister Suahasil suggested that, although such a policy might not fit all countries, the APO could study this pressing issue and disseminate the results to its members as part of efforts for more inclusive productivity improvement.

The Vice Minister emphasized that productivity improvement should be considered from a long-term perspective, requiring well-planned, consistent, continuous policy interventions. “The APO is grateful for the sharing of ideas and looking forward to future collaboration on them for the benefit of its members,” responded Secretary-General Dr. Indra in concluding the discussion.

 



 

 


September 16, 2022
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3min

 



 

 

TOKYO JAPAN – Media OutReach – 16 September 2022 – The Asian Productivity Organization (APO) announced that Dr. Indra Pradana Singawinata had assumed the role of APO Secretary-General as of 16 September 2022.

Dr. Singawinata brings a wealth of experience from leadership positions in both the public and private sectors in Indonesia. Most recently, he served as Senior Vice President of the Indonesia Infrastructure Guarantee Fund (IIGF), a state-owned enterprise that provides guarantees for infrastructure projects implemented under a national public–private partnership scheme.

Prior to that, Dr. Singawinata was at the Putera Sampoerna Foundation (PSF), which he joined as Head of Research before becoming Head of Business Development and then Head of Corporate Affairs.

Dr. Singawinata earned a Ph.D. in Philosophy from Ritsumeikan Asia Pacific University (APU), Japan, following a Master’s degree in Accounting from the University of Indonesia and a Bachelor’s degree in Economics from Trisakti University, Indonesia.

Outlining the goals for his 2022–25 tenure as Secretary-General, Dr. Singawinata stated, “My mission is to reduce the productivity gap between APO member economies by strengthening APO programs and tools. Our vision must include capacity building and technical assistance for National Productivity Organizations (NPOs) in member countries through mixed programs, strengthening the use of digital technology in NPO programs, and identifying ‘quick-win’ opportunities in addition to mid-term programs.”

He emphasized three guiding principles for APO actions under his leadership to achieve its vision and mission: synergy; good corporate governance; and transparency. “I’m looking forward to building on over 60 years of history and past accomplishments of the APO to cement its position as the leading productivity organization not just in the Asia-Pacific region but in the world.”

 



 

 


September 12, 2022
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47min

 



 

 

 

        Apparel industry proves resilient in the face of adversity

        Total apparel exports in July 2022 ($ 522.14 million) – 22.4% increase YoY

As Sri Lanka struggles with the ongoing economic crisis, the country’s trade balance recorded a surplus last July. While this surplus reflects the continued decline in import expenditure, it is also reflective of the contribution the apparel industry continues to make towards Sri Lanka’s economic recovery and growth. 

At an event organized by the Shippers’ Academy this week, in response to a question raised by the Secretary General of the Joint Apparel Association (JAAF), the Central Bank Governor Dr. Nandalal Weerasinghe pledged support to the apparel industry and the contribution the industry makes to the economy stating that the government is looking into initiatives to promote and improve Sri Lanka’s preferential access to international markets. 

Secretary General of JAAF, Yohan Lawrence highlighted that trade agreements are essential to sustaining the performance of Sri Lanka’s apparel exports. Sri Lanka is to benefit from UK’s new Developing Countries Trading Scheme (DCTS) and the apparel industry has consistently highlighted the importance of retaining GSP+ post-December 2023. The current schemes unfortunately only have a utilization of around 50% for apparel due to the restrictions on the Rules of Origin on fabric which mean that only fabric from a SAARC country are permitted for cumulation purposes. JAAF has highlighted this constraint and has requested that this aspect be addressed in future iterations of the GSP scheme.    

Apparel export performance 

As per the Central Bank Annual Report 2021, of Sri Lanka’s industrial exports, textiles and garments amount to 43.5%. Textile and garments export value in the same year amounted to USD 5,435.1 million. The resilience of the apparel industry, along with policy support received by the government amidst the prolonged crisis, has enabled the industry to continue this positive start to 2022, while aiding the country’s economy. 

According to calculations made by the Joint Apparel Association Forum (JAAF), total apparel exports in July 2022 (USD 522.14 million) experienced a 22.4% increase in comparison to July 2021 apparel exports ($425.75million). The table below illustrates exports to Sri Lanka’s major apparel export markets – the US, EU and the UK and other countries, which recorded an increase of 16.93%, 32.3%, 29.32%, and 15.77% respectively.

 

 

2021

2022

2021/2022

Change %

USD Mn

USD Mn

Total Exports

425.75

522.14

22.64

US

182.72

213.65

16.93

EU (Excl. UK)

116.62

154.29

32.30

UK

57.98

74.98

29.32

Other

68.43

79.22

15.77

 The cumulative performance of the apparel industry from January to July 2022 has also demonstrated a positive outlook. Total exports during the seven month period from January to July 2022 increased by 20.44% compared to the corresponding period of 2021. Overall exports to the US, EU, UK and other countries increased by 27.12%, 14.55%, 18.12%, and 16.64% respectively. 

 

2021

2022

2021/2022

Change %

USD Mn

USD Mn

Total Exports

2,752.25

3,314.78

20.44

US

1,110.41

 

 

1,411.56

27.12

EU (Excl. UK)

840.87

963.25

14.55

UK

385.60

455.47

18.12

Other

415.37

484.50

16.64

 

As per the numbers of the Sri Lanka Apparel Exporters Association, exports of knitted and woven products to all countries posted an increase in July 2022 year on year.  

  

 

July (USD Mn)

 

2021

2022

Knitted products

257.02

319.77

Woven products

158.43

193.62

 

Apparel export trade revenue of all countries for knitted, woven and other products from January to July 2022 too increased year on year. 

 

 

July (USD Mn)

 

2021

2022

Knitted products

1,659.21

1,983.57

Woven products

1,023.54

1,262.72

Other products

69.51

68.46

Total

2,752.26

3,314.75

 

 

These numbers depict the enormous contribution the apparel industry makes to Sri Lanka’s economy in its hour of crisis. The entirely privately owned and operated industry has been resilient in the face of adversity and has emerged successful yet again while ensuring worker welfare and sustenance. 

Secretary General of the Joint Apparel Association Forum (JAAF) Yohan Lawrence reiterates that, “There is opportunity in crisis.  While celebrating this milestone, Sri Lanka must work towards securing GSP+ post December 2023 and must push for better trade agreements with the EU, US and the UK that suit Sri Lanka’s realities, while looking for opportunities in countries like China and India, working on a framework to ensure compliance with global trade legislation.” 

Lawrence identifies these steps as vital in sustaining the resilience of Sri Lanka’s apparel industry.

 

 

 



 

 


December 30, 2021
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10min

This has been another challenging year for our societies, our economies and tourism. Many millions of jobs and businesses remain in peril, at the mercy of an evolving crisis and of the actions of governments. However, we are by no means in the same place we were when the pandemic was declared in March 2020. In fact, we have succeeded in laying the foundations to restart tourism around the pillars of sustainability, innovation, people and investing for a resilient future.

 

 



 

 

Working together

Over the past year, much progress has been made in rolling out vaccinations and in both detecting and treating COVID-19. We have also seen significant progress made in finding the right balance between keeping people safe and keeping the vital lifeline of tourism intact, as illustrated by UNWTO’s effective collaboration with the World Health Organization (WHO) since the very start of the pandemic.

A collaborative and multilateral approach is and must remain at the centre of capitalizing on the lessons we have learned in such a short space of time.

Ensuring harmonized travel protocols has been our message since day one. They are at the heart of tourism’s restart in many parts of the world, most notably in the Northern Hemisphere destinations during the peak summer months.

We are also encouraged by the resilience and determination coming from the tourism sector itself, as well as from our Member States.

Like never before, the pandemic has made clear tourism’s relevance to our economies and societies. Tourism is now part of the global conversation and at the heart of both national and international recovery action plans.

Expanding on our mandate

Interest in UNWTO’s innovation and start-up competitions keeps growing, showcasing the talent we have unleashed, and our shared readiness to hear new voices and embrace new ideas.

Our global innovation ecosystem is now made up of more than 12,000 start-ups from 160 countries, with US$83 million mobilized and 300 corporate partners currently working on new tourism technologies.

And UNWTO’s education programmes are reaching unprecedented numbers of people, welcoming more than 20,000 students from 100 countries in just 18 months. We promote lifelong learning thanks to partnerships with the world’s top five institutions in tourism and hospitality. Together, IE university, Les Riches, Glion Institute, Ecole du Casse and the Swiss Education Group offer 19 online courses in Spanish, English and Arabic – a true ‘online university of universities’.

Underpinning it all are data analytics on tourism investments powered by our partnership with the Financial Times. Through this, we have produced the first UNWTO tourism investment guidelines, which we are now scaling up to create guidelines for doing tourism businesses by country.

Restarting tourism is unthinkable without green investments. We are collaborating with institutions such as the World Bank’s International Finance Corporation and the Inter-American Development Bank. To date, more than 200 investors are part of UNWTO’s global investment network advancing critical work such as supporting hotel chains from 50 countries to become more sustainable.

For people and planet

Tourism is ready to do the hard work and live up to its responsibilities to people and planet, as demonstrated by the huge interest we have received in the Glasgow Declaration on Climate Action in Tourism, launched at the UN Climate Summit COP26. We are receiving a growing number of commitments to halve emissions by 2030 and to reach NetZero by 2050 at the latest, with Member countries, individual destinations, global companies and local players as well as media outlets, hundreds are on board, and counting.

And for people, we are making sure the benefits tourism offers are enjoyed as widely and fairly as possible. That includes establishing the sector as a driver of rural development, as celebrated through the Best Tourism Villages by UNWTO initiative. Launched to great enthusiasm this year, 44 villages from 32 countries were granted the recognition during our recent General Assembly, for showing a commitment to tourism development in line with the Sustainable Development Goals.

The 24th UNWTO General Assembly in Madrid brought our Members together to speak with one voice. Members commended UNWTO’s work done during the pandemic and its vision for the future of both the Organization and the sector, endorsing key initiatives such as a first International Code for the Protection of Tourists. This landmark legal framework is designed to restore trust in travel, a vital ingredient for recovery.

I am very grateful for the wide support of our Members, who have put their trust in me to serve a second term as UNWTO Secretary-General.

Mainstreaming tourism

In a crisis, you realize both what’s important and who your friends are.

Like never before, the pandemic has made clear tourism’s relevance to our economies and societies. Tourism is now part of the global conversation and at the heart of both national and international recovery action plans.

And support for UNWTO has never been louder or more visible. Over the past 12 months, we have strengthened our key partnerships, among them the G20 and G7, as well as ICAO (the International Civil Aviation Organization), FAO (the Food and Agriculture Organization of the United Nations), the World Bank, IDB (Inter-American Development Bank), CAF, (The Development Bank of Latin America) and the EBRD (European Bank for Reconstruction and Development). We have further strengthened our voice at the top of the United Nations, including the landmark recognition of tourism and UNWTO by the UN Secretary-General.

Closer to our Members

UNWTO has made a significant leap to be on the ground next to our Members. This year we opened the first Regional Office for the Middle East in Riyadh, in the Kingdom of Saudi Arabia. Built and opened in record time, it will serve as the platform to deliver our commitment to education and as a global centre for tourism and rural development.

Moving closer to our Members in other regions is an ongoing task and we will also work towards opening the first regional offices in Africa and the Americas.

As we advance preparations for these new hubs, we also welcome new Member States. Antigua and Barbuda, a destination where tourism is an economic pillar, has joined UNWTO. This shows that tourism-dependent countries look to UNWTO and depend on us, and we are ready to live up to this responsibility. Alongside this our network of Affiliate Members of the private sector, local administrations, destinations and academia, keeps growing.

So too does our collaboration with media outlets through new partnerships with Euronews, Xinhua and Travel Index, which build on our existing relationship with CNN International. As a result, the message of tourism for development will continue reaching a global audience of unprecedented size and diversity.

The future begins now

The way in which the pandemic has developed over the closing weeks of the year gives us all reason for concern and to again put public health above everything else.

But recent developments again validate our initial position: the only way forward is through collaboration and actions that are based on evidence rather than on speculation or political strategy.

UNWTO is in a good place to use the achievements of 2021 as a springboard for building a better tourism in the years to come, with the sector ready to return once conditions are right.

It is in this spirit that I wish everybody a safe and healthy 2022. UNWTO stands by your side, to keep on working together for our joint progress.

 

 



 

 

Zurab Pololikashvili
Secretary-General

#Statement : Source: UNWTO.org



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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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