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PRESS RELEASE CILT AND PIM ALUMNI CONDUCTS A SUCCESSFUL DISCUSSION ON CHINA’S BELT AND ROAD INITIATIVE AND ITS IMPACGT TO SRI LANKA

Chartered Institute of Logistics and Transport Sri Lanka  (CILT) in partnership  with  PIM Alumni Association (PIMA) of the Postgraduate Institute of Management , recently concluded

a successful  event on Belt and Road Initiative (BRI) and its impact to Sri Lanka at the PIM Auditorium, with a large  gathering of Professional  and academic  enthusiasts. The participants were truly interested in this topical discussion, which is highly relevant to Sri Lanka at this juncture being at the center of the Belt part which, is the sea route of the Belt and Road initiative. President PIMA Dinesh Hamangoda in his welcome address thanked PIMA and CILT for coming together to organize an event of this nature for the benefit of both PIM alumni and CILT membership. Chairperson CILT SL Gayani de Alwis, CMILT who is a PIM Alumni also, mentioned in her speech that it is important to create a discourse on issues of public interest and thanked PIMA for partnering with CILT and assured that both parties will continue this event in their annual calendar.

 

Key note speech was given by   Dr Janaka  Wijesiri, The  Research fellow IPS. Distinguished Panel were Mr Romesh   David, FCILT, CEO South Asia Gateway Terminal  (SAGT) and International Vice President CILT, Mr Diren  Hallock, Chairman/Managing Director DRH logistics international (Pvt ) ltd , Ms Subashini Abeysinghe , Research Director  Verite   Research. Panel Discussion was moderated by Mr  Nisthar Cassim , the Editor Daily FT.

 

Key note Speaker Dr Janaka Wijesiri, highlighted five major objectives of the present BRI initiative, and those were policy coordination, connectivity, unimpeded trade, Financial  Integration and  people to people Exchange  and Sri Lankan involvements  in the BRI. The Belt and road initiative is a major thrust of the Chinese government, which is linking their trade routes  between the Asia and the West through the Indian ocean.

 

Dr Wijesiri  explained about  Sri  Lanka’s integration with China  for  the present FTA and highlighted the major projects and investments undertaken  by them  in the country. Under the people to people exchange, he pointed that the frequent influx of Chinese travellers under the cultural and academic  sectors.  He further reiterated the objective of this BRI and how Sri Lanka’s geographical location can be utilized under the maritime route, and  showed  that  the major BRI connected projects in the country such as the Colombo International Port City  Project,  the  Hambanthota Port Development and the adjoining Industrial  estate  as well as the Colombo Port  expansion  etc are of vital Importance to the country.  

 

He also mentioned the following benefits that   Sri Lanka could derive  through BRI:

  • Higher Trade flows
  • Attracting foreign direct investments
  • Hard and soft infrastructure development
  • Opportunity to become the economic Hub in the Indian ocean.
  • Possible integration of Sri Lank to Global Value Chains
  • Growth in Tourism
  • Technology and Knowledge transfer
  • Employment opportunities

 

He stated that concerns of risks involved will be to balance and strengthen the relationship and the rivalry between India and China. The concern over Sri Lanka’s autonomy and the independence and the Possible lower Investment return was also highlighted. Another area was the public perception and opposition connected with possible sustainable growth.

 

Romesh  David in his speech highlighted the whole scenario  of  BRI   in a positive sense . He stated that he could see that BRI  is focused in the Central Asian Region and for Example , the Kazakhstan is having a major Impact in the Central Asian Region  He  stated that Sri  Lanka will have a tremendous Impact and opportunity with greater diversity to become a major  trading  Hub as part of BRI. Further highlighting  the Central Asian  region developments through BRI, having Pakistan  through the corridor has given tremendous opportunity to China. He stated that China and India are great markets   and we got the opportunity to reach both markets and Sri Lanka could play a pivotal role and could supply products to each other and will create connectivity. He also mentioned that the Hambanthotha port was not part of BRI originally since the BRI initiative  was initiated in  2013  and whereas the Hambanthota Port initiation was in year 2007.

 

Diren  Hallock  during his presentation highlighted that , as he observed China  truly requires the Indian Ocean,  since China is mainly concerned for their Energy and  Security . He pointed out that since China has been excluded by other partners, they wish to transport and carry bulk transports, energy requirements through the Indian Ocean. The biggest challenge that the Sri Lankans will face will be to balance India and China and to establish a moderate relationship  in the area of  maritime security . One major factor will be to establish data communication line, which will go through Sri Lanka. He further stated that Sri Lanka has failed to handle matters in a diplomatic manner and cautioned Sri Lanka  to handle India  well , to manage  geo political tension.

 

Subashini  Abeysinghe ,during her presentation viewed the whole BRI initiative in  a  balanced and transparent manner. Her comments on the BRI issue was that these Initiatives are not undertaken as a   major concept of the Chinese Government and are Pre based BRI . Most of the time as  per her  observation  that many of these large scale Investment  Initiatives do not come directly through main Chinese  Government,   but many large scale companies and Provincial governments in China are involved.  Several such Projects could be present under the Umbrella of BRI. She observed   that most of these Investments are from different Agencies in China.

 

Further she stated the difficulties encountered in understanding the BRI Initiative in full and as well as the laid down Chinese policies due to language barrier. Most of the written articles are in Chinese Language and for a laymen it is difficult to understand, since the use of English Language is  not frequent  in China.  She also noted the   comments and concern in Sri Lanka about the debt burden which is discussed as a serious   issue for Sri Lanka. She stated that there are notable factors   for this challenge we face  currently and factors such as our poor Public Debt management , Poorly selected Projects,   Reckless Burrowing , lack of Transparency etc causing this problem.  In general western countries shows the debt trap diplomacy, but we in Sri Lanka has graduated to become non-concessional Debt burrower. She said that It is due to our own faults and poor financial management, hence countries such as China could benefit from the current  situation  in Sri  Lanka.

When asked about the  debt crisis, she further said that, we owe much to international Finance institutions and financial  markets  and it was evident that the Sri Lankan debt has increased from 11%  to 54% . In that sense there is nothing that we can do with China regarding our own debt crisis. The Chinese debt also has now increased from 2% to 9%. The factor to note is that what we burrow from International markets are quite expensive. Sri Lanka burrows at 6% from international markets with a maturity period of 7 years and we could burrow at 2% from China with a maturity period of 20 years. This factor will make burrowing from china more appealing for the Sri Lankan government.

 

Another valid point under the BRI initiative will be that China is concerned about their energy security but they want close friendships  and loyalty with countries in the  region  and they wish to  see a Chinese dominant  South  Asian region  as their Global ambition and certainly they do not wish to see  the region with Western or Japanese Dominance. As such China is negotiating with countries such as Singapore. Another observation she made was that the Chinese Institutions do not have hard and fast rules, and even through the BRI   China has not spelled any political aspirations as well. It was argued that the competition setup made by China may be hurting     other countries in the world.

 

During the discussion, while appreciating the Belt and Road Initiative by China and what it matters to our country, it was argued that Sri Lanka will have multiple benefits through the Operation. Further the management of diplomatic relations of these two Asian giants, China  and India as our close friend and ally will be of much importance  for the expected growth and sustainable development in the BRI initiative.    

 

The Chartered Institute of Logistics and Transport is a leading global professional body associated with the logistics, transport and supply chain industry. CILT is celebrating its Centenary year this year. The Institute holds unparalleled international recognition and works towards achieving its objectives of promoting and encouraging the art and science of logistics and transport through its membership and its educational qualifications. CILT is celebrating “Centennial,” this year.  with a global membership of over 35,000 in 35 countries across the globe, CILT provides a professional identity to those in the ever expanding logistics and transport sector. It is a strong, active and a unified professional body that is able to speak with authority on strategic issues related to transport and logistics.

                                                                                                                   

                                                       PIMA President welcoming the gathering

                                                          CILT Chairperson addressing the gathering


                                                  Keynote speaker Dr Janaka Rathnasiri

                                                                        Panel discussion

                                                               Section of the audience

                                                       PIMA & CILT team with the speaker & panelists

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PRESS RELEASE CILT CONDUCTS A ROAD SHOW AT EFL CAMPUS

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka was invited to conduct a road show at the EFL logistics campus at Orugodawatte on 6th March 2019. Chairperson CILT Gayani de Alwis, CMILT, Secretary General CILT SL Vasantha and   Administration Coordinator-Membership, Dushmika Senanayake, attended the Road show from CILT. The road show was initiated  by Amra Zareer , MILT , Head of Learning and Development  and Venuja Weerasekera, Head of Shared Services- HR of EFL.

 

It was encouraging to see 22 participants attending the Road show. Chairperson gave an introduction to CILT and its global presence and the need for individuals to develop them selves through continuing profession development and how CILT can support in this endeavor for their personal and career growth.

 

The Chartered Institute of Logistics and Transport (CILT) is a leading global professional body associated with the logistics, transport and supply chain industry. The Institute holds unparalleled international recognition and works towards achieving its objectives of promoting and encouraging the art and science of logistics and transport through its membership and its educational qualifications.

 

CILT celebrating “Centennial,” this year with a global membership of over 34,000 in 35 countries across the globe, CILT provides a professional identity to those in the ever expanding logistics and transport sector. It is a strong, active and a unified professional association that is able to speak with authority on strategic issues affecting businesses and people in the industry and support their careers.

                                                               Amra Zareer, MILT welcoming the participants          

                                                                                CILT  Chairperson addressing the participants

                                              Participants at the Road show  March 2019

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CILT PAYS A COURTESY CALL TO NEW SLPA CHAIRMAN

Senior officials of the Chartered Institute of Logistics and Transport (CILT) Sri Lanka last week paid a courtesy call on the new Sri Lanka Ports Authority Chairman Mr Kavan Rathnayake. Chairperson CILT Gayani de Alwis, CMILT, International Vice President Romesh David, FCILT, Past Chairman, Saliya Senanayake, FCILT Vice Chairmen Channaka de Alwis, CMILT and Gihan Jayasinghe, CMILT, Treasurer Upali Gunawardena, FCILT, and Secretary General CILT, Vasantha Dias represented the CILT. Additional Managing Director SLPA Upali de Zoya, CMILT, joined the meeting with the SLPA Chairman.

CILT Chair gave brief presentation on CILT and opportunities for joint collaborative work between the two organizations were discussed.

 

The Chartered Institute of Logistics and Transport (CILT) is a leading global professional body associated with the logistics, transport and supply chain industry. The Institute holds unparalleled international recognition and works towards achieving its objectives of promoting and encouraging the art and science of logistics and transport through its membership and its educational qualifications.

 

CILT is celebrating “Centennial,” this year with a global membership of over 35,000 in 35 countries across the globe, CILT provides a professional identity to those in the ever expanding logistics and transport sector. It is a strong, active and a unified professional body that is able to speak with authority on strategic issues affecting businesses and people in the industry and support their careers.

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CILT CONDUCTS THE PB KARANDAWALA MEMORIAL LECTURE JOINTLY WITH CMM.

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka held their 24th P.B. Karandawala Memorial Lecture on 24th January at Hector Kobbekaduwa Agrarian & Research Institute. The lecture was conducted jointly with Company of Master Mariners. Family members of late Mr Karandawala were present at the talk.

 

The late Mr. P.B. Karandawala was widely regarded as a pioneer in developing the maritime sector in Sri Lanka. He had the rare distinction of being the Chairman of three state transportation entities that focus on three different modes, The Ceylon Shipping Corporation, Air Ceylon and Ceylon Transport Board, during the 1970s. He established the National Shipping Line and structured around it several independent organizations to provide the support it needed in its nascent years, such as the Freight Bureau, the Ceylon Shipping Lines, the Port Services and the Colombo Dock Yard. He was known as a leading Economist from the Central Bank and later went onto serve the United Nations as a Shipping and Sectoral Economic Adviser to many developing countries.

 

The title of the memorial lecture was “Contribution of International Shipping and Maritime community towards sustainable development” which was delivered by Capt. Peshala Medagama who is a CMILT and a CMM. He is an IMO consultant and Asst. Vice President International Relations, Foreign Projects and Local Branches and Consultant, Department of Marine Simulation, CINEC Maritime Campus.

In his speech he mentioned about 17 UN sustainable development goals and how the maritime community is working towards sustainable development.  Amidst the global challenges that we face, Sri Lanka has committed to achieve these targets set for SDGs by 2030, he said.

He further elaborated that shipping is the life blood of the global economy and in future it will become as the most environmentally friendly mode of freight transport than transporting goods by planes or trucks due to lowest carbon foot print per unit of cargo transported thereby ships of future becoming smarter, greener & faster. In concluding the speech, he reiterated that shipping industry has an important role to play in helping to achieve the aforesaid goals before end of 2030. Q&A Session was moderated, by Council member Mr Ibrahim Saleem, CMILT.

The Chartered Institute of Logistics and Transport (CILT) is the leading international professional body for everyone who works within supply chain, logistics and transport. The institute holds unparalleled international recognition and works towards achieving its objective of promoting, encouraging and coordinating the study of the science and art of logistics and transport through its membership, events and educational qualifications. With a global membership of over 34,000 CILT is present in 34 countries across the globe. CILT provides a professional identity to those in the ever-expanding Logistics and Transport industry. It is a strong, active and a unified professional body that is able to speak with authority on strategic issues affecting businesses and people in the industry and support their careers.

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CILT STARTS THE NEW YEAR BY INDUCTING NEW CORPORATE PARTNERS & MEMBERS AT THE LOGISTICS LEADERS EVENING

The Chartered Institute of Logistics & Transport (CILT) Sri Lanka held their first Logistics Leaders Evening for 2019 on 10th January at the Kingsbury Hotel. The eminent speaker for the evening was Mr Tham Kok Kuan Simon, Assistant General Manager CHEC Port City Colombo (Pvt) Ltd (CPCC) who spoke on the topic Port City Colombo – The art & science of transport & logistics to build a new city. Over 180 participants attended the event from a wide spectrum of the industry.  CILT Sri Lanka combined this event with the induction of new Corporate Partners for 2019 and individual members.

Mr Simon said during his keynote speech that the 269 hectares of reclaimed land from the sea, Port City Colombo will be South Asia’s premiere residential, retail and business destination, offering unmatched planned city living along the waters of the Indian Ocean. The development will comprise of five different precincts including the Financial District, Central Park Living, Island Living, The Marina and the International Island. When completed, Port City Colombo will have over 5.6 million square meters of built space, boasting the best in design and standards. Its lifestyle and business offerings will include world-class facilities and spaces in Healthcare, Education, Entertainment, Hotels and Restaurants, Retail and Office with an Integrated Resort and a Marina, offering the best in living by the sea. He also said that the city will adopt a reverse traffic pyramid where more space for walking and cycling will be created as opposed to vehicles. Built on the latest sustainable city designs and smart city concepts, Port City Colombo will be the most livable city in South Asia. CPCC will be investing over US$ 1.4 billion, thereby making this the largest ever FDI project to be implemented in Sri Lanka so far. He further said that the land reclamation is to be completed by end of 2019 and the first building will be ready by 2023. He finally said that the port city is the aspiration of the next generation.

Chairperson CILT, Gayani de Alwis CMILT in her address welcomed the large gathering present for the first event for the year. She highlighted CILT’s global presence and that CILT is celebrating its centenary year, which will be celebrated in Manchester on 16th-18th June 2019. She also stressed on CILT’s role in both passenger and goods in all modes of transport and urged all professionals to engage with CILT to support the development of the industry.  She mentioned that Corporate Partnership (CP) program which was launched in 2011 with 15 partners, have now grown to 22 and three more CPs are in the pipeline. 13 partners have been with CILT since the inception and they have been recognized as Patron Partners.  She thanked all the partners for having confidence in CILT and pledged to add value to them by working together to achieve a mutually beneficial partnership. Speaking on member benefits, Chairperson mentioned that CILT international education qualification and post nominal are globally recognized, Continuing Professional Development (CPD) programs, networking opportunities expose the members to new developments in the industry to benchmark and upgrade knowledge, involvement with research and consultancy, mentoring, scholarships, job and internship opportunities etc., other benefits that they will enjoy by being part of the CILT family.  She invited all members to come forward and lend their expertise to CILT to take the industry forward.

The CPs were inducted under four categories as Hayleys Advantis and DIMO as Platinum, Finlay Cold Stores Pvt Ltd as Gold, Ceyline Hodlings, Mclarens Group and South Asia Gateway Terminals as Silver and Abans, Aitken Spence Maritime Ltd, Chrisslogix (Pvt) Ltd, Civil Aviation Authority, General Sir John Kothalwala Defense University, Inter Air & Sea Logistics (Pvt) Ltd, Lanka Shipping & Logistics, Pickme ,  Sri Lanka Institute of Information Technology, Trelleborg Lanka Pvt Ltd, John Keells Logistics, National Transport Commission and Oviklo International (Pvt) Ltd as Bronze partners.

Another key highlight of the logistics leaders evening was the membership induction where 49 new members and upgraded members were awarded with the membership certificates. Two Fellow members (FCILT), Mr Upali Gunawardene Chairman Upali Transworks and Mr Romesh David, CEO of SAGT, 25 Chartered members (CMILT) and 22 members (MILT) were inducted at the event.  This will be a regular practice for all new members and upgrades.

The Chartered Institute of Logistics and Transport (CILT) is a leading global professional body associated with the logistics and transport industry. The Institute holds unparalleled international recognition and works towards achieving its objectives of promoting and encouraging the art and science of logistics and transport through its membership and its educational qualifications. With a global membership of over 34,000 from 35 countries across the globe, CILT provides a professional identity to those in the ever expanding logistics and transport sector. It is a strong, active and a unified professional association that is able to speak with authority on strategic issues affecting businesses and people in the industry and support their careers.

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CILT CONDUCTS A SUCCESSFUL WORKSHOP ON WAREHOUSE MANAGEMENT

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka launched the first workshop for this year on 6th December at the EFL Auditorium.   Workshop was organized as part of CILT’s continuing professional development. Wasantha Sooriyarachchi, Group Chief Operating officer OSM Holdings and Kemantha Perera General Manager BlueScope were the resource personnel. The topics covered were benchmarking, modelling applications of industry best practices, utilisation of technology in warehouse management, steel warehousing – design, installation and manufacturing for improved durability.

The key feature of the workshop was the visit to the state of the art modern EFL warehouse. 45 participants attended the workshop. Chairperson, CILT Sri Lanka, Ms Gayani de Alwis CMILT and Vice Chairperson Education Dr Namali Sirisoma, CMILT attended the event along with the CILT secretariat staff. A membership drive was also organised at the workshop.

Vice Chairperson in her welcome speech mentioned the importance of continuing professional education in an individual’s career journey and that CILT is committed towards supporting in this. Chairperson briefly spoke about CILT, and its global affiliations and about the activities of CILT and invited participants to be pat of a globally renowned professional body.

The Chartered Institute of Logistics and Transport (CILT) is a leading global professional body associated with the logistics, transport and supply chain industry. The Institute holds unparalleled international recognition and works towards achieving its objectives of promoting and encouraging the art and science of logistics and transport through its membership and its educational qualifications. With a global membership of over 34,000 in 35 countries across the globe, CILT provides a professional identity to those in the ever expanding logistics and transport sector. It is a strong, active and a unified professional association that is able to speak with authority on strategic issues affecting businesses and people in the industry and support their careers.

Comments are closed.