By Chilman Jain, Principal, BCG – Prateek Roongta, Managing Director and Partner, BCG – Pranay Mehrotra, Managing Director and Senior Partner, BCG
COVID-19 has
disrupted most businesses globally and the insurance industry is no exception.
Given the restrictions imposed by the pandemic, insurers have been compelled to
accelerate their digital journeys and holistically digitize their operations. In
this regard, the Insurance Association of Sri Lanka (IASL) hosted a webinar on
‘What does it mean to be a truly bionic insurance company?’ with Boston
Consulting Group (BCG) as its knowledge partner, on 23
rd February. Prateek Roongta, MD & Partner, BCG
facilitated the event and Pallavi Malani, MD & Partner, BCG delivered the
Families who had been in possession of government lands without clear ownership started receiving grants under the patronage of President Gotabaya Rajapaksa at the Presidential Secretariat. The government’s objective is to ensure that every family owns a land with undisputed ownership as envisioned in the National Policy Framework “Vistas of Prosperity and Splendour”. Under the provisions of the Land Development Ordinance and the State Land Ordinance, grants will be awarded to 20,000 persons based on legal criteria covering the entire island during the first phase of the program. Program prioritizes low-income families whose livelihood is cultivation. The government intends to empower and encourage them by providing with ownership rights to their lands in order to increase their level of income.
.
Export
of Services
The services exports estimated by EDB which includes
ICT/BPM, Construction, Financial services and Transport & Logistics show
exports of US $ 353.98 Mn for the month of January 2021 compared to US$ 331 Mn
recorded in January 2020. Estimated service exports increased by 6.94 % in
January 2021 in comparison January 2020. Search for:
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By Nisha Arunatilake and Chamini Thilanka
The COVID-19 pandemic
which was first
reported in Sri Lanka in January
2020 has distressed the country’s labour market. According to the Department
of Census and Statistics, with the onset of the pandemic, the
labour force participation has decreased and the unemployment rate has
increased, indicating reduced job openings. For example, the labour force
participation rate decreased from 51.1% to 50.2% and the unemployment rate
increased from 4.6% to 5.4% from second quarter (2Q) 2018 to 2Q 2020. This is
partly due to the measures taken since mid-March to contain the spread of
COVID-19 through curfews and lockdowns.
To continue economic
The
Media Gender Charter (MGC) is a local initiative to guide media institutions in
the need for a fair and equal gender portrayal within the media, inclusivity of
gender issues in media content, and conducive working environments within media
outlets. The document has been produced as a result of consultations with more
than 200 journalists, 21 media institutions, 20 gender experts, and
gender-based civil society members, academia, and 14 media associations and
unions.
The
launch of the Charter was spearheaded by Hashtag Generation and included a
panel discussion moderated by journalist Smriti Daniel on the topic of ‘Gender
Inclusiveness in the Media: Today and Tomorrow.’ The panel looked at what