Global Disparities between Developing and Developed Nations have grown due to Technology Gaps and concerns of Weapons of Mass Destruction
Business Today Sri Lanka|Business Today February 2024
President Ranil Wickremesinghe with several heads of state.
Global Disparities between Developing and Developed Nations have grown due to Technology Gaps and concerns of Weapons of Mass Destruction

President Ranil Wickremesinghe commended President Yoweri Museveni for assuming leadership at the 19th Non-Aligned Movement (NAM) Summit in Kampala, Uganda.

"Let me begin by congratulating you, President Yoweri Museveni of Uganda, for taking over the helm of the Non-Aligned Movement at this 19th Summit. Your leadership is even more timely as Uganda assumes this role at a critical moment of collective awareness among countries of the global South. This is the first NAM Summit following the onset of the pandemic, the debt crisis, climate catastrophe, new global competition, and the ensuing multiple implications for the world, particularly, for the Global South.

As we meet today, a humanitarian crisis is unfolding in the Gaza Strip and beyond. For over three months, immense suffering and losses have been endured by the Palestinian civilian population, endangering regional security and stability. Until now, the NAM was largely silent. How can we remain silent when Gaza is destroyed? People were denied humanitarian aid and a vast majority of the dead were innocent civilians. Silence implies consent.

It is encouraging that this 19th Summit has given the highest priority to this crisis in Gaza and the inalienable rights of the people of Palestine to self-determination and the realization of an independent and sovereign state of Palestine. We must congratulate South Africa for its bold stand regarding Gaza. The international community has already called for an immediate humanitarian ceasefire and the release of hostages.

This story is from the Business Today February 2024 edition of Business Today Sri Lanka.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Business Today February 2024 edition of Business Today Sri Lanka.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY SRI LANKAView All
Breaking Barriers: Peoples Leasing & Finance PLC and Hayleys Solar Collaborate
Business Today Sri Lanka

Breaking Barriers: Peoples Leasing & Finance PLC and Hayleys Solar Collaborate

People’s Leasing & Finance PLC (PLC) and Hayleys Solar have entered into an agreement through a Memorandum of Understanding (MoU).

time-read
2 mins  |
May 2024
NSB Continued to Prove its Resilience within an Economic Shudder
Business Today Sri Lanka

NSB Continued to Prove its Resilience within an Economic Shudder

NSB demonstrated its mettle by recording a Profit after Tax (PAT) of 7.2 billion rupees for the fiscal year ended December 31, 2023.

time-read
2 mins  |
May 2024
Pan Asia Bank Posts Steady Performance in 1Q 2024
Business Today Sri Lanka

Pan Asia Bank Posts Steady Performance in 1Q 2024

Pan Asia Banking Corporation reported a steady performance reflecting improved macro economic conditions as the Bank reported its financial performance during 1Q 2024, which showed judicious portfolio management and prudency in dealing with possible fallout on its asset quality in challenging times.

time-read
2 mins  |
May 2024
AWS Beats Azure to Top Global Cloud Computing Market Chart with a 31 percent Share
Business Today Sri Lanka

AWS Beats Azure to Top Global Cloud Computing Market Chart with a 31 percent Share

The cloud computing market attracts users worldwide, and the battle for dominance among top providers is a constant narrative.

time-read
1 min  |
May 2024
Ban Ki-moon Appreciates Growing Close Partnership between GGGI and Sri Lanka
Business Today Sri Lanka

Ban Ki-moon Appreciates Growing Close Partnership between GGGI and Sri Lanka

During a meeting between Sri Lankan Prime Minister Dinesh Gunawardena and the Chairman of the Global Green Growth Institute (GGGI), Ban Ki-moon, the former expressed his gratitude for the close partnership that exists between Sri Lanka and GGGI.

time-read
1 min  |
May 2024
Korea Provides Support to Several Sectors
Business Today Sri Lanka

Korea Provides Support to Several Sectors

Ambassador of Republic of Korea, Miyon Lee met with Prime Minister Dinesh Gunawardena to discuss follow up actions on the decisions taken at the discussions held during the Prime Minister’s visit to Korea.

time-read
1 min  |
May 2024
Many Benefits to a Number of Sectors in Sri Lanka as a result of PM Dinesh Gunawardena's visit to Korea
Business Today Sri Lanka

Many Benefits to a Number of Sectors in Sri Lanka as a result of PM Dinesh Gunawardena's visit to Korea

During a meeting, the Governor of Gyeongsangbuk-du Province of the People’s Republic of South Korea, Lee Cheol Woo, met with Sri Lankan Prime Minister Dinesh Gunawardena.

time-read
1 min  |
May 2024
The Good Cashmere Standard Boosts its Sustainability Credentials with Focus on Animal Welfare and Transparency
Business Today Sri Lanka

The Good Cashmere Standard Boosts its Sustainability Credentials with Focus on Animal Welfare and Transparency

By revising the standard’s criteria and embarking on a new collaboration with TextileGenesis, A Lectra Company, the Aid by Trade Foundation (AbTF) is boosting the credentials of The Good Cashmere Standard (GCS) as an independent seal for sustainably produced and traceable cashmere fibers from Inner Mongolia.

time-read
3 mins  |
May 2024
The Central Bank of Sri Lanka Releases its inaugural Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023
Business Today Sri Lanka

The Central Bank of Sri Lanka Releases its inaugural Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023

The inaugural publication under Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA),namely, the Annual Economic Review 2023, and the inaugural publication under Section 99 of the CBA, namely, Financial Statements and Operations of the Central Bank 2023, were presented to Ranil Wickremesinghe, the President and Minister of Finance, Economic Stabilization and National Policies, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka.

time-read
5 mins  |
May 2024
President Ranil Wickremesinghe at the Opening of ITC Batnadina Hotel
Business Today Sri Lanka

President Ranil Wickremesinghe at the Opening of ITC Batnadina Hotel

President Ranil Wickremesinghe expressed his dedication to fostering an economic landscape in the nation that would prevent future struggles among its citizens.

time-read
2 mins  |
May 2024