Wednesday, 31 December 2014

Sri Lanka to start business daily

Sri Lanka to start business daily
18 Nov, 2009 09:59:20

http://www.lankabusinessonline.com/news/sri-lanka-to-start-business-daily/1788504333

Nov 23, 2009 (LBO) - Sri Lanka's Wijeya Newspapers, a privately owned publishing group, is starting a daily business newspaper under the brand Daily FT, officials said.

Wijeya Newspapers publishes Sri Lanka's The Sunday Times, Daily Mirror newspapers in English and The Sunday Lankadeepa and Daily Lankadeepa in Sinhala and several other specialist newspapers and magazines.
Daily FT, the country's first daily newspaper to focus on business news is expected to be launched on November 23

The business section of the Daily Mirror, which is now known as Daily Mirror Financial Times will be re-branded Mirror Business.

The business section of the The Sunday Times, now known as The Sunday Times FT will be re-branded Business Times.

The Daily FT will be edited by Nisthar Cassim, a senior journalist who had earlier edited the Bottomline newspaper and Daily Mirror Financial Times.

Tuesday, 30 December 2014

South Asian researchers say women farmers should be a priority for food security

South Asian researchers say women farmers should be a priority for food security
 
http://www.ft.lk/2012/10/24/south-asian-researchers-say-women-farmers-should-be-a-priority-for-food-security/

Empowering women to be confident farmers should be a priority of South Asian countries, according to a GDN Policy Brief on addressing challenges to food security and rural livelihoods in South Asia, launched this week in Colombo.
Empowered women farmers can increase their income and develop a stable rural livelihood, the policy brief recommended. The brief highlighted an example from Kerala, a state in south India, where 250,000 women farm 10 million acres of land.
In Kerala, the Sangha Krishi experiment shows that if women are supported with land ownership schemes and index-based insurance From left: Ali Hasanain – Lahore University of Management Sciences, Vijaya Paul Sharma – Indian Institute of Management India, Beryl Leach – Panos London, UK, Mustafa K. Mujeri – Bangaladesh Instute of Development Studies, Bangaladesh, K. S. Kavi Kumar – Madras School of Economics, India, Parakrama Samaratunga – Institute of Policy Studies of Sri Lanka - Pic by Sameera Wijesingheto become independent food producers, then they can play a significant role in combating food security.
Pooja, a farmer from the Sanga Krishi initiative said, “Now that we work in a group we at least earn 70,000 rupees each per harvest. We can help each other out because we know we will earn from our crops. We are able to get loans easily from a bank, and a family can borrow from within the group to pay for children’s education. Then that family can repay the other members without interest.” More than 44,000 such groups now exist in Kerala, improving lives of quarter of a million impoverished women.
South Asia Country Research Teams presented their main findings of a systematic review of agricultural research on five key issues, at the regional workshop of the Global Development Network (GDN) research project, ‘Supporting Policy Research to Inform Agricultural Policy in Sub-Saharan Africa and South Asia.’
The five vital topics include: irrigation and water use efficiency, agricultural pricing and public procurement, managing agricultural commercialisation for inclusive growth, long-term challenges to food security and rural livelihoods and improving the effectiveness, efficiency and sustainability of fertiliser use.
The purpose of the workshop was to present an Asian perspective on agricultural research and policy issues.
“Sri Lanka anticipates a 7% GDP growth this year despite the global economic downturn and food security and domestic agricultural growth is one of the key factors in the economic landscape,” Dr. Sarath Amunugama, Sri Lanka’s Senior Minister for International Monetary Co-operation, Ministry of Finance and Planning, said at the opening ceremony of the workshop.
“The global economic crisis and increasing energy costs mean Sri Lanka and other South Asian countries can no longer rely on importing foodstuffs like food cereals so national food security is important for sovereignty and self-sufficiency, so this seminar is absolutely important,” he said. But there are many challenges.
Agriculture Minister Mahinda Yapa Abeywardena (right) along with Senior Minister for International Monetary Cooperation Dr. Sarath Amunugama and Institute of Policy Studies Executive Director Dr. Saman KelegamaSpeaking at the opening ceremony, Krishibid Shawkat Momen Shahjahan, Member of Parliament and Chairman, Parliamentary Standing Committee of the Ministry of Agriculture, Government of Bangladesh said, “Agriculture in South Asia is facing severe challenges. Pressures on the land and climate change are putting pressure on the agricultural system”.
 “It is time for us to think ahead and think about events such as natural disasters,” said Minister Mahinda Yapa Abeywardena, Member of Parliament and Minister of Agriculture, The Democratic Socialist Republic of Sri Lanka.
“For example this year we have had a bumper crop of fish in the western province not because of improved fishing, but the fish beached themselves on our shores due to climate change. So these are areas that we must concentrate our research on in future.”
Over the last 12 months, five country research teams from leading universities and organisations in South Asia, along with the Project Steering Committee and Research Assistants, reviewed extensive published and unpublished research on five vital agricultural development issues.
The event culminated with the official launch of the five GDN Agricultural Policy Briefs by Dr. George Mavrotas, Project Director and Chief Economist at GDN. The briefs summarise the findings emanating from the five agricultural policy research papers.
 “Agriculture remains an extremely vital sector for millions of people in South Asia, including small farmers in the region who are crucially dependent on agriculture. Yet, we need to delve deeper into agricultural policy issues by providing policymakers, the media and the wider public with research which is scientifically rigorous but at the same time timely and easily accessible to them”, says Dr. Mavrotas, GDN Chief Economist and Project Director. “This is one of the reasons why GDN and agricultural policy researchers from South Asia have been working on this project across the region”, he said.
The event is held in partnership with the Institute of Policy Studies of Sri Lanka. SamanKelegama, Executive Director, Institute of Policy Studies of Sri Lanka said, “New research into agricultural policy is vital because the sector supports 30-60 per cent of the population in South Asia and plays a key role in reducing poverty and supporting food security.”
Forty participants attended the event. The consortium of policymakers, agricultural researchers and key experts, and private sector players who met here, came from several policy planning organisations and other institutions spread across South Asia including the Government of Sri Lanka, Government of Bangladesh, regional research institutes (Institute of Policy Studies of Sri Lanka, Bangladesh Agricultural University, Centre for Environment and Agricultural Policy Research, Extension and Development in Nepal, National Agribusiness Council in Sri Lanka and Indian Institute of Management, India), international organisations (Food and Agriculture Organisation of the United Nations, in Sri Lanka), non-government organisations (Oxfam India and Oxfam Australia) and the private sector (ITC Agribusiness India, Valley Irrigation Pakistan Pvt. Ltd., Macro Economic Insights Pvt. Ltd., Pakistan and Hayleys Agriculture Holding Ltd. in Bangladesh).
Following the rich and successful interaction between the Southern researchers and key policymakers from the region, at this event, the project will hold its first Policy Expert Roundtable in collaboration with the International Food Policy Research Institute (IFPRI) on 16 November 2012, in Washington DC.
The Global Development Network (GDN) global research project ‘Supporting Policy Research to Inform Agricultural Policy in Sub-Saharan Africa and South Asia’ is conducting its Regional Workshop in Colombo, Sri Lanka. GDN along with policymakers, leading agricultural researchers and key experts from South Asia gathered at this event to discuss and bring forth agricultural policy issues that are relevant to the region.
The event is held in partnership with the Institute of Policy Studies of Sri Lanka.
The workshop offered South Asian policy makers, an opportunity to discuss the role that agricultural research plays in informing policy in this crucial area.

Monday, 29 December 2014

BLAZING A TRAIL

BLAZING A TRAIL
AMONG SCRIBES

http://nistharcassimsrilanka2.blogspot.com/2014/06/nisthar-cassim-background.html

Nisthar Cassim’s name is synonymous with business journalism today. What
makes him such an effective communicator? Savithri Rodrigo investigates.

he Daily Mirror Financial Times (Daily FT) turns three this month. For Nisthar Cassim, it’s a birthday worth celebrating. He can be credited with introducing the daily concept to business journalism. He was also presented the first ‘Business Journalist Of The Year’ award by the The Editors’ Guild Of Sri Lanka. He opines: “The lack of appreciation of financial journalism – both within the media, and society at large – is astounding… despite Sri Lanka being a trading nation since the dawn of civilisation.”
Cassim never wanted to be a journalist. Not overly studious, he was more interested in cricket at school and captained the teams in all age groups, though missing out on the final cap – the Under 19 team – when he switched from Carey to Wesley College to do his ‘A Levels’. “I think my writing skills emerged in my late teens, because I used to write to teen pages in the newspapers and do some Interact work. I also took up commerce and political science as A-Level subjects; and after I left school, I dabbled in a bit of CIM, because I loved marketing,” he reveals.
In 1988, an advertisement for trainee journalists at the Dawasa Newspaper Group – long known as Sri Lanka’s ‘school of journalism’ – soon had Cassim doing the rounds as a stringer for the Sun… but only six months later did he finally see his byline in print. “It was exciting,” he recalls, “because you had to earn a byline. Journalists’ bylines were not printed until they were deemed good and ready. It also put attitude into perspective and gave me an excellent grounding. I worked with some media greats – like Rex de Silva, who was the editor; News Editor Kenneth Amaresekere; Kumudini Hettiarachchi, who taught me subbing; Sinha Ratnatunge and Iqbal Athas.” At the Sun, even though Cassim worked on the usual news stories, his potential was obviously noted early, and he was given the trade and shipping round to cover. “Once I began covering that sector, I started to get more specialised and more focused,” he asserts.
At the Sun, all telephone calls went through the operator, and it seemed that Cassim was taking far too many internal calls to the pretty telephone operator/receptionist. And in 1991, the young journalist proposed and married Anne – a Sinhalese Catholic – amidst immense family opposition. “It was a difficult time for both of us, but it has been a wonderful 14 years. She is my inspiration, and she understands the long hours and pressures of my work,” he affirms. Having overcome numerous obstacles along the way – including Cassim’s 12-hour work day – the young couple eat out at least once a week, take off on weekends whenever possible and enjoy a few holidays abroad… if time permits!
Always on the ball, Cassim enjoys introducing different angles to his stories – simply because he wants to be one step ahead of the competition.

Two years later, the Sun closed down and The Island snapped him up. “Since I had some background in business journalism, I started writing for the main paper, while overseeing The Island’s business pages. I then commenced the shipping segment – which became quite popular – running three pages of shipping news every week,” he recalls. Within two years, the budding journalist was reporting full-time for the business section.
Once again, opportunity knocked and Cassim had an exciting proposal made to him by Deshabandu Karu Jayasuriya and Hemaka Amarasuriya: to handle media for Sri Lanka Expo. He took up the challenge, completing Expo 1992, Expo 1994 and a few other events in-between, while also taking advantage of a training programme in Germany on trade-fair management and marketing. Two-year spans seem to be the term for each of his jobs, and Cassim then joined the Federation of Chambers of Commerce & Industry of Sri Lanka as Director – Publicity.
Then, Singapore beckoned with a lucrative offer for a Business Development Manager at Expo International – a company wanting to set up operations in Sri Lanka and promote trade fairs in the island nation as well as in Singapore. “I was there for a month; but that was in 1996/97, and the instability within the country frightened the Singaporean company,” he reveals. However, even though Cassim returned after only three weeks, he had added another dimension to his portfolio!
Despite having been out of journalism for five years, he was soon bitten by the media bug again. With business-journalist guru Manik de Silva having just left the Daily News, Cassim was given the opportunity to prove himself again. “So, in July 1997, I was faced with the challenge of increasing the popularity of the business section – which had waned after de Silva’s departure – and to re-establish myself,” he discloses. For two years, Cassim remained the de facto business editor – though officially designated as a journalist. Nevertheless, with the promised change of designation not forthcoming – even though he felt he had restored the Daily News business section’s lost glory – Cassim was restive.
The MidWeek Mirror was looking for a deputy editor/business editor – and once it became a daily, Cassim joined its team, though he says that reorientating from the popular Daily Newsto a then unknown daily paper was challenging.
In September 2002, the distinctively pink Daily FT was born. “Wijeya Newspapers has the rights to the word ‘Times’ in Sri Lanka, and we saw the potential for the Daily FT: we identified the market early and also created a new market for a pull-out. Being different, we called ourselves the FT, blending in well with the corporate sector and helping with a common brand for the daily and Sunday issues,” he avers. Having raised the bar in business reporting and publications, Cassim now works with a team of about five.
Some of his scoops have shaken and stirred the corporate sector. It was he who broke the stories of the sensational buy-ins and buyouts of Dhammika Perera, Raj Rajaratnam and Dr. Sena Yaddehige. “We have developed a relationship with business circles, and they find our reporting to be objective and professional. They look forward to our stories to find out what’s going on,” he claims.
 
NISTHAR CASSIM
DATE OF BIRTH: 8 August 1967.
FAMILY BACKGROUND: Married; fifth in a family of two girls and four boys.
ALMA MATERS: Carey College and Wesley College.
STRONGEST BELIEF: “Have a ‘doer attitude’, be positive at all times and believe in people’s goodness – until proven otherwise.”
MOST MEMORABLE MOMENTS: “ The launch of the Daily FT and the day I decided to get married.”
MOST PRESSING NATIONAL ISSUE: The need to keep pace with the rest of the advancing world – if that is met, the rest will fall into place.
HOBBIES: Watching Sinhala, English and Hindi movies, and listening to music.
FAVOURITE CHILL-OUT: Home – and the countryside, where there are streams, lakes, trees and where all is green.
FAVOURITE COUNTRY: Sri Lanka, because it has to be the only country that has everything and is the ideal place for relaxation.
MOST ADMIRED LEADER: Mahatma Gandhi: for his non-violent leadership.
ROLE MODELS: Besides his father, Deshabandu Karu Jayasuriya, who has both “humane and excellent leadership qualities and who – despite getting into politics – has managed to be himself and not get caught up in the political carnival”; and Lasantha Wickrematunge, for his role in revolutionary journalism.
Always on the ball, Cassim says that lead stories may change even as late as 9 p.m. the night before the paper is published. He enjoys introducing different angles to his stories – simply because he wants to be one step ahead of the competition. “Daily papers aren’t the only competition. There’s the Sunday papers and electronic media as well. We all get the same stories, the same releases and same events to cover. So how do we add value? We read the competition and what they might do, while also trying to report the story in perspective, while being innovative. We have brought in graphics and charts to make it more creative. I have enjoyed the hype and controversy created by theFT’s coverage of the stock market. Sometimes, we even go into political issues if we feel it will change the mindsets of the people. We want to contribute to society, make people think, be competitive, try and improve the lot of the poor and make Sri Lanka a better place to live in,” he declares.
Anne is definitely his anchor, but Cassim also cites Lalith Alahakoon, Ranjith Wijewardene and his colleagues for inspiring him along the way. Very proud of his roots – especially of his father Lafir, who having joined Unilever as a labourer, culminated a 30-year career in the multinational company as its first Sri Lankan accountant – Cassim says: “He really is my role model and I don’t think I will ever be like him. My mum, Huzaima, strove to keep the home fires burning for six children; and, between them, they exposed us to education – even the girls. As a result, I grew up in an environment of professionals.”
While he enjoys a relaxing Sunday watching a movie with Anne, Cassim is feeling that restless impulse once more. He wants to move on. He ponders his love of marketing, but also sees opportunity in television and has a burning desire to do for the electronic media what the Daily FT did for print. He concludes: “You don’t have to be a financial wizard or an eco­nomist to be a business journalist. I have no qualifications and no degree – I learnt on the job. All you need is a news angle, common sense and the ability to communicate it. At the end of the day, we are all communicators.”

Sunday, 28 December 2014

Exports to India swell by 160% to Rs. 16 b

FINANCIAL TIMES
Exports to India swell by 160% to Rs. 16 b

http://archives.dailymirror.lk/2003/02/28/ft/1.html

Though commanding an insignificant market share experts reiterate vast scope for growth as a total of 4,150 items would enjoy duty free access
By Nisthar Cassim
In what experts described as an encouraging breakthrough Sri Lanka's exports to the giant and Non-Tariff Barriers laden India had swelled by 160% to Rs. 16 billion last year from Rs. 6.2 billion in 2001.

Commerce and Consumer Affairs Minister Ravi Karunanayake yesterday described the jump in exports to India as "impressive" and expressed confidence at a top seminar on the Indo Lanka Free Trade (ILFTA) organized by the National Chamber of Commerce that the exports would grow further.

He said that specific exports under the ILFTA had grown by 342% to $ 46.6 million or Rs. 4.4 billion up to August 2002 compared with US$ 16 million or Rs. 1.4 billion in the entirety of 2001. The rise in 2002 over 2001 was unprecedented as the growth in previous years have been lower. In 1995 exports to India was only Rs. 1.6 billion while in 1999 it was Rs. 3.3 billion and Rs. 4.2 billion in 2000.

The release of impressive performance came few days ahead (March 31) of the three full years of implementation of ILFTA and at a time when Premier Ranil Wickremesinghe is touring India. He is expected to lobby for greater market access or minimum non tariff barriers for Lankan products as well as woo Indian investments as part of strong bilateral economic cooperation. \The ILFTA was signed by President Chandrika Kumaratunga and Premier Atal Bihari Vajpayee in December 28, 1999.

Though the spurt in exports is encouraging, Sri Lanka's share of India's imports is insignificant or around 0.1% while exports to India out of Sri Lanka's total is only 3.6% in 2002, reflecting vast scope for massive growth. As per the FTA, a further 2,799 items would enjoy zero duty concessions in addition to 1,351 items that were allowed duty free from March 2000.

Sri Lanka's imports from India had also increased by 48% to Rs. 79.8 billion in 2002 and India continues to be Sri Lanka's major source for imports. Minister Karunanayake stressed that India should not be perceived as a giant trying to swamp the tiny Sri Lanka or no should Indians perceive that a dynamic Sri Lanka is looming as a threat to India. "Instead both countries must explore ways to work together and take on the world," he added.

Spurred by growth dynamics of Sri Lanka's exports to India, the Minister said that the task at hand is not to harp on ILFTA implementation related issues any longer but to exert concerted efforts by all to find ways from the FTA in a sustained manner.

"This does not mean that we are completely ignoring the remaining few implementation related issues. While keeping the few issues in the back of our minds and resolving to take necessary steps to sort them, I reiterate that our main focus should be on how to maximize benefits. Such a focus is in full compliance with the economic policy objectives of the Government under the leadership of Premier Ranil Wickremesinghe," Minister Karunanayake said.

In the seminar he detailed various achievements made during the first Joint Minister Committee Meeting held in June 2002. “We have already taken action to resolve various bottlenecks and erosion of concessions and competitiveness due to the imposition of sales tax on items enjoying zero duty,” the Minister said. “We are awaiting a response from India on these issues,” he added.

“A concept paper on FTA 2 and beyond has been prepared by Ministry which is under consideration now to identify modalities of closer partnership between the two countries,” Minister Karunanayake said.

Acting Director of Commerce Ms. Manel de Silva maintained that the FTA has been beneficial to Sri Lanka both in terms of diversifying export product base to India and attracting investments from India and other countries keen to enter Indian market through Sri Lanka.

She said that during the past three years a host of issues have been resolved but urged the private sector to update the Department of any further or future problems. She said that the Department and the Ministry was busy preparing papers for the next round of the Joint Ministerial meeting in June. Two leading exporters to India Ceylon Biscuits and Mayfair Lanka Ltd., expressed their problems and achievements.

World's first Delifrance Cafe on Wheels in Colombo
Delifrance, the France-based worldwide restaurant chain, on Wednesday opened its first ever mobile cafe at Nawam Mawatha. This Rs. 9 million venture is operated by Crescat Restaurants and serves up and middle market clientele.

Crescats Joint Managing Director Nick Clayton who opened the restaurant said that this is an experiment in developing a network in Sri Lanka and it was Delifrance's first mobile facility. Delifrance has over 500 outlets worldwide and 100 in Asia.

Delifrance Manager Niroshan de Silva said that this mobile restaurant will operate in the vicinity of Nawam Mawatha serving executives of the corporate sector in particular. "This location was chosen to cater to the corporate market in the area which did not have a cafe that is able to fulfil their needs for high quality but easy dining," he added.

Future plans include introduction of three more mobile restaurants in Colombo and suburbs. Manned by four employees Delifrance serves high quality Eastern and Western cuisine with range of drinks from fruit juices to soft liquor such as beer and wine. Having set up its first cafe at Crescat shopping mall in 2000 Delifrance's other outlet is at Odel.

January tea exports down
In addition to a dip in crop, the tea industry had another blow with exports in January 2003 being lower both in terms of quantity and value over the corresponding month of last year.

Asia Siyaka Commodities said that tea exports in January 2003 dropped to 21.1 MnKg the lowest in nine months and it was also 9% lower than the 23.2 exported during January 2002. Value of exports dropped to Rs. 4.7 billion as against Rs. 5.1 billion. The drop has been mostly to markets in the Middle East particularly the UAE (Dubai) a key regional distribution centre. Exports to UAE, which averaged 2.6 MnKg during the past three months slumped 42% to 1.5 million kilos in January.


Govt., World Bank set stage for North East Fund
An exchange of letters between the Government and the World Bank took place on Wednesday providing the framework to establish a fund known as the" North-East Reconstruction Fund" (NERF).

The NERF will support activities of the Sub-Committee for Immediate Humanitarian and Reconstruction Needs of the North and East (SIHRN). The World Bank was selected as the custodian for the NERF during the fourth meeting of peace talks in Nakorn Pathom, Thailand in January 2003. The exchange of letters is a prelude to the custodian arrangement to be negotiated between the World Bank and SIHRN.

The NERF will receive grant assistance from donor countries to support immediate humanitarian and rehabilitation needs of the North and East. The Fund will have several funding-windows making it flexible to attract donor contributions.

The donor countries pledged commitments to the tune of US$ 70 million at the Oslo Donor Conference in November 2002. The custodian will employ an internationally recognised monitoring agency to physically monitor project implementation, while the accounts of the fund will be audited by an internationally reputed auditing firm with a view to maximising transparency and accountability

Saturday, 27 December 2014

MTI inputs help Daily FT success

MTI inputs help Daily FT success

http://www.ft.lk/2014/11/25/mti-inputs-help-daily-ft-success/

When the Daily FT planned its launch in 2009, MTI Consulting was retained to carry out comprehensive research and facilitate the strategising process, in which the Directors and Senior Management of Wijeya Newspapers and Editorial team of Daily were extensively involved.

“Being the first business daily and in fact business newspaper in Sri Lanka, we were entering an unchartered territory, although our experience with the Daily Mirror did help. MTI has continued to support us with research, strategising and advisory at different time periods in the last five years. We have also partnered MTI with many pioneering thought leadership initiatives in Sri Lanka,” said Daily FT Editor Nisthar Cassim.

Commending Daily FT on its fifth anniversary, MTI CEO Hilmy Cader said: “Our association with Wijeya goes back to 1998, when we identified the need for improved business journalism and partnered the business page of the Daily Mirror for thought leadership. This has continued with the launch of the Daily FT, where the five-year performance for a niche English business daily has been impressive and bound for continued growth in the next few years, in line with the growth of the Sri Lankan economy.”

Friday, 26 December 2014

SLID Entrepreneurs’ Forum today

SLID Entrepreneurs’ Forum today

http://www.ft.lk/2013/11/07/slid-entrepreneurs-forum-today/

The SLID Entrepreneurs’ Forum ‘Daring to be Different’ will be held today, from 5 p.m. onwards at the Hilton Colombo Residencies.

The Forum a ‘must witness’ for budding entrepreneurs of the country will comprise of a panel discussion featuring some of the well known entrepreneurs of the country.

Adding versatility and experience to its overall structure, the panel brings together some of Sri Lanka’s successful entrepreneurs in the likes of ODEL PLC Founder/CEO Otara Gunewardene, Kapruka.com Founder/CEO Dulith Herath, Softlogic Holdings PLC Chairman/MD Ashok Pathirage and Expolanka Group Director/CEO Hanif Yusoof.

The panel discussion will be moderated by none other than Nisthar Cassim, Editor of the Daily Financial Times.

Sampath Bank PLC will sponsor the Forum whilst SLID is joined by Bates Strategic Alliance as the Creative Partner, Daily Mirror and Daily Financial Times as the Print Media Partners and YES FM, Legends FM and MTV Sports as the Electronic Media Partners. More information on the forum can be obtained from the institute’s website www.slid.lk as by email via iod@sltnet.lk or on telephone numbers 2301646/8.

Thursday, 25 December 2014

Inviting Japan to tap Sri Lanka’s post-war revival

Inviting Japan to tap Sri Lanka’s post-war revival

http://www.ft.lk/page/2/?s=Nisthar+

NWS Holdings breaks new ground with successful conclusion of biggest ever Sri Lanka Business Forum in Tokyo

Text and Pix by Nisthar Cassim

The Sri Lanka Business Forum 2014, organised by NWS Holdings Ltd., successfully concluded in Tokyo last week with a record number of participants enlightened about the post-war resurgence and potential for future growth opportunities.

Held at the Hotel New Otani in Tokyo, the forum attracted nearly 200 participants who listened to the progress of post-war Sri Lanka from a macro and corporate perspective and the emerging new opportunities for investments, partnerships, tourism and trade.

The forum was part of NWS’s goal of increasing Japanese investments to $ 500 million by the end of 2015 after having facilitated over $ 300 million in Japanese investments since the end of the conflict in Sri Lanka. Previously NWS Holdings, owned by Japanese investor Takashi Igarashi, held investment promotion events in 2011 and 2012 in Tokyo. Last week’s event was the most successful in terms of participation, despite adverse weather in Tokyo on that day.

The participants were informed about Sri Lanka for four hours at the forum and thereafter attended a networking reception.
The event’s Chief Guest was Sri Lanka’s Consul General in Osaka, D.W. Aluthgamage while NWS Holdings Chairman Takashi Igarashi and Toyohiko Murakami, the Chairman of Bansei Securities Ltd., which is one of the new investors in post-war Sri Lanka facilitated by NWS Holdings.

The forum also saw participation by a Sri Lankan private sector delegation comprising Softlogic Holdings Plc, Just in Time Technologies Ltd., Jetwing Hotels Ltd., Hsenid Software International Ltd., Speedmark Transportation Lanka Ltd., Pan Asia Banking Corporation and Dior Properties and Investments Ltd. These companies were represented at chairman/MD and director levels.

The Softlogic team comprised Financial Services Sector Head Ifthikar Ahamed, Softlogic Holdings Head of Corporate Finance and Treasury Hiran Perera and Head of Strategy Chinthaka Ranasinghe. The Jetwing Group was represented by Director Jerome Auvity, Just In Time Group by Chairman Jit Warnakulasuriya and Chief Technology Officer Navin Seneviratne, hSenid Software International by Managing Director Dinesh Sapramadu, Speedmark Transportation Lanka by Chairman Sunil Malawana and Director Commercial Sujan Malawana while the Dior Investments and Properties team comprised Nataraj Ramaiah and Vikram Nataraj. Takashi Igarashi also represented Pan Asia Bank on whose board he is a director.
Among the sectors promoted for Japanese investors at the forum were ICT, tourism, retail, healthcare, logistics, property development and financial services.

The forum was also timely as it was held a month after the historic visit by Japan’s Prime Minister Shinzo Abe to Sri Lanka, which gave bilateral ties a big boost. The visit of Premier Abe also figured in some of the speeches and presentations by the Sri Lankan delegation.

Given the national importance of the NWS initiative, a special pre-recorded message from Investment Promotion Minister Lakshman Yapa Abeywardena in Japanese was aired for the benefit of participants.