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Opportunities Arise for Nations to Improve Ocean Health

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Upcoming U.N. General Assembly offers a global stage for marine conservation

By: Elizabeth Wilson
Senior Director
Environmental Policy

September 18, The Pew Charitable Trusts: The ocean is the lifeblood of our planet, regulating climate, feeding billions of people and animals and teeming with biodiversity. Yet it faces unprecedented threats from overfishing, pollution, mining and climate change. As world leaders convene in New York City for the high-level portion of the 79th session of the United Nations General Assembly starting Monday, Sept. 23, there are five key opportunities for nations to advance toward a healthier, safer and more resilient ocean.

A school of silvery forage fish swim along an ocean coastline at sunset. A series of global agreements could help protect a wide range of marine species and habitats. Jordan Robins Ocean Image Bank

Landmark opportunity for marine conservation

In June 2023, the United Nations adopted the landmark agreement for the conservation and sustainable use of high seas marine biodiversity. The high seas treaty—formally known as the Biodiversity Beyond National Jurisdiction Agreement—provides a path to establishing marine protected areas and other tools to tackle the dual challenges of climate change and biodiversity loss.

The treaty requires ratification by 60 countries to be legally binding. To date, eight countries have formally consented to the new international law. Once implemented, the treaty could provide a powerful tool for achieving the global “30 by 30” target adopted by 196 countries in 2022 by advancing the establishment of protected areas in international waters, which account for two-thirds of the world’s ocean.

Tackling plastic pollution

Plastic pollution is a pressing global issue. Its rapid increase endangers human health, livelihoods and ecosystems while contributing to greenhouse gas emissions. In response, the United Nations Environment Assembly has established an intergovernmental negotiating committee to develop a legally binding international agreement on plastic pollution, known as the U.N. plastics treaty.

To meet its goals, this agreement must address environmental and human health impacts across the full life cycle of plastics, including its production, use and end-of-life management. The science is clear: Humans cannot recycle our way out of this problem. Instead, the solutions must span the entire plastic life cycle, with an emphasis on reducing plastic production and demand in the first place. Multiple assessments show that the world cannot achieve its goals of ending plastic pollution and limiting global average temperature rise to less than 1.5 degrees Celsius if the unsustainable production of primary plastic polymers is not addressed. Additionally, Pew’s 2020 “Breaking the Plastic Wave” report found that reducing plastic production and consumption would yield the biggest reduction in plastic pollution of any potential action.

The next – and final – round of negotiations are scheduled for November in South Korea, which could set the stage for the treaty to be adopted next year. Governments can collectively solve the plastic pollution problem but to do so will require an agreement that is comprehensive, legally binding and ambitious.

Moratorium on deep-seabed mining

The deep sea harbors an immense reservoir of biodiversity and helps to regulate the earth’s climate in ways scientists are only starting to understand. Due in part to limited knowledge of the deep sea’s intricacies, most of the scientific advice warns of the potential for deep-seabed mining to inflict irreversible damage on this sensitive ecosystem.

In the absence of effective, robust, science-based regulations, a growing chorus of countries, Indigenous groups, international organizations, companies, scientists and non-governmental organizations are calling for a moratorium on deep-seabed mining by the International Seabed Authority, the U.N.-mandated body tasked with overseeing deep-sea mining activities in international waters.

This pause would provide the scientific community with the time needed to better understand these unique ecosystems and the impacts of mining activities. It would allow for the development of an adequate regulatory framework and safeguards before any large-scale commercial operations begin, potentially preventing irreparable harm to these fragile environments.

Improving the sustainability of the world’s fish populations

For decades, harmful subsidies have fueled irresponsible fishing practices, depleting fish populations and hurting economies and ecosystems worldwide. Healthy fish populations are vital for thriving oceans, which in turn underpin strong economies and coastal communities globally.

In 2022, nations took a significant step toward addressing this issue with a historic World Trade Organization (WTO) agreement to curb harmful subsidies. As of August 2024, at least 83 of the required 110 countries had ratified the agreement. For it to be effective, countries must implement new laws, enforce regulations, monitor impact and support developing nations in compliance.

While the 2022 agreement will substantially reduce harmful subsidies once in force, it has limitations. It does not address subsidies encouraging fleets to fish in other countries’ waters, nor does it prevent overfishing and overcapacity within a nation’s own waters. WTO members have been negotiating for two years to create rules addressing these issues, aiming to incorporate them into the existing agreement, and there is growing pressure for countries to agree on those new rules this year.

Combating illegal fishing and saving lives

Worldwide, more than 100,000-fishings related deaths annually. But with the Cape Town Agreement – the only global agreement specifically designed to tackle the safety of the environment fishers work in – this situation could change. The agreement aims to provide fishers with the same safety measures and training that have been available to other seafarers, such as those on cargo ships or passenger vessels, for many years.

The agreement needs 22 countries with a combined 3,600 vessels to go into force. That threshold should have been met already: In 2019, 51 countries committed to ratify the agreement by October 2022. However, most countries haven’t followed through, despite the continuing number of fatalities each year.

Leveraging the power of international cooperation

Ocean health is inextricably linked to the future of the planet and the well-being of people. The challenges facing the ocean are transboundary in nature and require global solutions. Only by uniting and moving together from agreement in principle to concrete action can people and nature benefit from these solutions.

The upcoming U.N. General Assembly is more than just a meeting of world leaders; it’s a pivotal moment for the future of our planet. By taking decisive action on these five critical issues, countries can demonstrate their commitment to ocean health and set us on a path toward a more sustainable future.

Elizabeth Wilson leads The Pew Charitable Trusts’ environmental policy team. 

Source: The Pew Charitable Trusts

National Single Window Transforming Trade Efficiency for Developing Economies

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By: Staff Writer

September 19, Colombo (LNW): The National Single Window (NSW) is an integrated digital platform designed to simplify international trade by enabling businesses and transport parties to submit standardized information and documents through a single portal. Supported by organizations like the World Trade Organization (WTO) and World Customs Organization (WCO), NSW aims to streamline the flow of information between traders and government authorities, enhancing trade efficiency globally.

An NSW connects various government agencies responsible for regulating trade, such as customs, quarantine, and port authorities. This centralization eliminates the need for businesses to submit information multiple times to different agencies, reducing redundancy and increasing operational efficiency.

The NSW promotes a paperless, automated environment for managing trade-related procedures such as licenses, permits, and customs declarations, contributing to a more competitive global trade landscape. In a world where quick, cost-effective, and secure trade processes are essential for economic success, NSW is crucial.

Implementing an NSW in developing countries, such as Sri Lanka, presents numerous economic, regulatory, and technological benefits, significantly enhancing trade efficiency.

NSW dramatically improves trade efficiency by automating and integrating trade procedures. Studies show that countries adopting NSW can reduce the time required for import/export processes by 30-40%. This reduction in clearance times and transaction costs makes businesses more competitive, attracting foreign direct investment (FDI) and promoting economic growth.

By digitizing trade processes, NSW reduces paperwork, leading to lower operational costs for businesses. It also minimizes errors and delays, resulting in additional cost savings. Moreover, real-time data analytics provided by NSW help customs authorities detect misreporting, leading to better revenue collection and reduced corruption.

The COVID-19 pandemic has demonstrated the need for adaptable trade systems. NSW offers a robust framework that allows trade processes to continue smoothly, even during global disruptions.

NSW enhances transparency and compliance by creating an auditable trail of all trade transactions, discouraging fraudulent practices and corruption. It ensures adherence to international trade standards and regulations while fostering collaboration among government agencies. This inter-agency communication accelerates decision-making, reducing bureaucratic delays and facilitating smoother trade flows.

Additionally, implementing NSW aligns a country with global best practices, such as the WTO’s Trade Facilitation Agreement (TFA), improving its ranking in global competitiveness indices and attracting international trade and investment.

For businesses, NSW simplifies compliance by providing a single interface for meeting regulatory requirements. It reduces the complexity of interacting with multiple government agencies, lowering the risk of non-compliance, penalties, and delays. The platform speeds up customs clearance and inspections, reducing costs associated with warehousing and delays, thereby improving global competitiveness.

NSW acts as a catalyst for digital transformation in the public sector, promoting the adoption of technologies like artificial intelligence (AI) and data analytics. By centralizing trade data, it enables governments to use advanced analytics to identify trends, forecast demand, and make informed policy decisions. The platform also supports cybersecurity measures to protect sensitive trade data.

Lawyers’ Collective urges voters to strengthen democracy through thoughtful voting

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September 19, Colombo (LNW): The Lawyers’ Collective has issued a renewed appeal to voters, emphasising the importance of participating in the upcoming presidential election to uphold democratic governance, the rule of law, and judicial independence.

In their statement, they offered detailed guidance on the voting process and how votes are counted, aiming to clarify the electoral procedures for the electorate.

Voting Guidelines:

The Collective reminded voters that they have the right to vote for their preferred presidential candidate by marking either “X” or “1” next to their chosen candidate’s name.

However, if “X” is marked, voters cannot indicate second or third preferences.

Voters may also choose to mark second and third preferences for two other candidates using “2” and “3” on the ballot.

This option allows voters to express a broader range of support among multiple candidates if they so desire.

Vote Counting Explained:

The Collective explained the process for counting votes. A candidate can be declared the winner if they secure more than 50 per cent of the valid votes on the first count.

However, if no candidate achieves this majority, a second round of counting is initiated. In this round, only the top two candidates remain, and the second and third preferences marked on ballots of eliminated candidates are examined.

If a voter’s second preference is for one of the top two candidates, that vote is transferred accordingly.

If the second preference is for an already eliminated candidate, the third preference is then considered.

The candidate who garners the most votes in this final tally will be declared the winner.

The Collective highlighted the unique nature of this election, noting the presence of more than two prominent candidates for the first time.

They suggested that voters may consider marking not only their primary choice but also second and third preferences to ensure a comprehensive expression of their will.

However, they emphasised that marking these additional preferences is entirely optional and rests solely at the discretion of the voter.

Official exchange rates in SL today (Sep 19)

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September 19, Colombo (LNW): The Sri Lankan Rupee (LKR) indicates further depreciation against the US Dollar today (19) in comparison to yesterday, as per the official exchange rates released by the Central Bank of Sri Lanka.

Accordingly, the buying price of the US Dollar has increased to Rs. 299.20 from Rs. 297.72, and the selling price to Rs. 308.57 from Rs. 307.01.

The LKR has also depreciated against several other foreign currencies, including Gulf currencies.

ACS Capital: Rebranding for Global Expansion and Growth

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By: Staff Writer

September 19, Colombo (LNW): ACS Capital, formerly known as Nation Lanka Equities, is embarking on a global mission to attract international investors to the Colombo Stock Exchange (CSE), starting with a strategic rebranding. Under the leadership of Asanga Seneviratne, a prominent business leader and former Director at the CSE, the company seeks to leverage the recovering Sri Lankan economy to capture new opportunities.

Seneviratne, who previously served as CEO of Asia Capital for 19 years, is recognized for his extensive contributions to both the business and sporting sectors in Sri Lanka. Together with ACS Capital’s Chief Operating Officer, Ralph Wijesinghe, Seneviratne co-founded the CDAX platform, Sri Lanka’s first online trading system introduced to brokerage firms in 2003.

In discussing the rebranding, Seneviratne explained that the move reflects a proactive strategy aimed at positioning ACS Capital to take advantage of Sri Lanka’s improving market conditions. As the country’s economy shows signs of recovery, the firm aims to align its identity with the future growth prospects.

ACS Capital CEO Hussain Gani, who previously held senior positions at Softlogic Investments and Asia Securities, emphasized that the rebranding is just the beginning. According to Gani, this initiative is part of the company’s broader commitment to innovation, global outreach, and responsiveness to the evolving needs of its investors.

Ryan Thineth, the company’s strategist, highlighted the need to differentiate ACS Capital from its past affiliations with Nation Lanka, a relationship that ended in 2015. Thineth stated that the timing and necessity of the rebranding were carefully considered, ultimately concluding that this step was essential to meet the company’s long-term growth objectives.

ACS Capital has deep roots in Sri Lanka’s stock market, originally starting as a subsidiary of Commercial Bank before being acquired by the Ceylinco conglomerate and eventually evolving into its current form. The company holds one of the first fifteen licenses issued to stockbroking firms by the Colombo Stock Exchange.

The market conditions in Sri Lanka are increasingly favorable for companies looking to raise capital. With rising investor activity and a growing appetite for initial public offerings (IPOs), the environment is primed for companies seeking to raise equity. Furthermore, the introduction of new financial products, such as sustainable bonds and infrastructure bonds, offers companies more options for capital infusion.

The Colombo Stock Exchange has also diversified its offerings, providing three listing boards: the Main Board, Diri Savi Board, and Empower Board. These cater to companies of various sizes and capital requirements.

The CSE has introduced additional boards, such as the Catalist Board for state-owned enterprises and the Multi-Currency Board for foreign-listed companies seeking dual listings in Sri Lanka.

As ACS Capital moves forward with its rebranding and expansion strategy, it aims to capitalize on these favorable market dynamics while fostering innovation and global investor engagement.

SL prepares for Presidential Election amidst strict regulations and voter guidance

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September 18, Colombo (LNW): Sri Lanka is set to elect its 9th executive president this Saturday, 21 September, as voters head to the polls across 13,421 stations nationwide.

Voting is scheduled from 7:00 a.m. to 4:00 p.m., with the Election Commission having wrapped up all campaign activities at midnight on the 18th, ushering in a period of electoral silence.

During this time, all forms of electioneering are strictly forbidden, and law enforcement agencies have been empowered to arrest anyone breaching these regulations.

Commissioner General of Elections Saman Sri Ratnayake confirmed that extensive preparations have been undertaken to ensure a smooth electoral process. Voters are advised to bring their polling card and a valid form of identification to their designated polling station.

Acceptable forms of ID include a National Identity Card (NIC), a valid driver’s licence, a passport, an elderly identity card issued by the Department of Social Services, or a pensioner’s identity card issued by the Department of Pensions.

Additionally, identity cards issued to clergy members and temporary IDs specifically provided for the disabled community will also be accepted.

For those lacking these documents, a temporary ID issued by the Election Commission through the Grama Niladhari officers is valid.

This year’s presidential election provides voters the opportunity to express their preferences for multiple candidates.

The Commissioner General explained the process for marking the ballot, clarifying that voters can cast their vote using an ‘X’ or the Arabic numeral ‘1’.

Voters may also indicate their preferences by marking their first, second, and third choices using the numerals ‘1’, ‘2’, and ‘3’, respectively.

Any markings deviating from this standard will result in an invalid vote.

In a bid to ensure that all eligible voters can participate, the Postal Department has announced that post offices will remain open on election day.

This decision aims to accommodate the approximately 300,000 official ballot papers that remain uncollected at post offices across the country.

Postmaster General Ruwan Sathkumara encouraged voters who have not yet received their polling cards to visit their local post office.

The Election Commission, in collaboration with other government departments, has made extensive efforts to ensure that the electoral process is accessible, fair, and conducted with integrity.

This includes maintaining open channels of communication and providing clear guidelines on the voting process.

As the country approaches this pivotal moment, authorities are focused on facilitating a seamless transition of leadership through democratic means.

Dollar rate against LKR at banks today (Sep 19)

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September 19, Colombo (LNW): The Sri Lankan Rupee (LKR) indicates slight depreciation against the US Dollar today (19) in comparison to Wednesday (18) as per leading commercial banks in the country.

At Peoples Bank, the buying price of the US Dollar is Rs. 298.86, and the selling price, Rs. 309.58.

At Commercial Bank, the buying and selling prices of the US Dollar have increased to Rs. 297.72 from Rs. 296.25 and to Rs. 307.50 from Rs. 306, respectively.

At Sampath Bank, the buying and selling prices of the US Dollar have increased to Rs. 299.50 from Rs. 298 and to Rs. 308.50 from Rs. 307.

Election Commission warns against filming at polling stations, lists prohibited actions for 2024 Presidential Election

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September 19, Colombo (LNW): The Election Commission issued a warning against photographing or filming events at polling stations and marked ballot papers during the 2024 Presidential Election.

In a statement, the Commission urged the public to avoid taking photographs or video-recording polling activities and to refrain from uploading them on social media, deeming them a violation of election laws.

Meanwhile, the Election Commission announced a list of authorised personnel allowed to enter the polling centres during the election period. These people are;

  • Registered voters of the polling station
  • Polling staff
  • Police officers on duty at the polling centres
  • Candidates contesting the election
  • Voting representatives of candidates contesting the election
  • Agents of candidates contesting the election
  • Regional representatives of candidates contesting the election
  • Polling representatives formally appointed for each candidate contesting the election
  • Local/foreign election monitors approved by the Election Commission
  • Officers authorised by district returning officers

The Commission further prohibits people from possessing mobile phones, firearms, smoking, alcohol and other substance consumption and entrance to polling centres intoxicated, and practicing photography and videography.

PAFFREL reports 1,618 election law violations, including violence and public property misuse

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September 19, Colombo (LNW): The People’s Action for Free and Fair Elections (PAFFREL) has received 1,618 complaints corresponding to the period of July 26 – September 18, 2024 related to election law violations, a statement released by the election watchdog disclosed.

These complaints detail sixty eight (86) occurrences of violence, including six (06) severe assaults, ten (10) assaults, sixteen (16) incidents related to threatening and intimidation, and thirty one (31) occurrences of vandalism targetting political offices, the statement read.

The PAFFREL also revealed that eighty eight (88) occurrences of public property misuse, including the usage of government-owned vehicles for election campaigning, pressuring of public servants, and arbitrary involvement of public servants for election campaigning, have occurred during this period.

Three suspended over Grade 5 Exam Paper leak as probe widens

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September 19, Colombo (LNW): Authorities have moved to suspend three individuals, including the invigilator, involved in the recent leak of the Grade 5 Scholarship Examination question paper at Rathmale Thissa Maha Vidyalaya in Anuradhapura.

The decision follows a preliminary investigation led by North Central Provincial Education Director S.M.W. Samarakoon, who stated that statements had been recorded from those implicated in the incident.

Initial findings revealed that an assistant invigilator had photographed the first question paper and shared it on a social media group comprised of private class teachers before the examination had even begun.

In response, authorities have decided to suspend the invigilator, the assistant invigilator, and one teacher from the examination centre.

This swift action aims to address the serious breach of examination protocol and ensure the integrity of the education system.

In a broader scope, the Department of Examinations has summoned ten teachers from the Anuradhapura and Nochchiyagama areas to Colombo for further questioning.

These teachers are suspected of having received the leaked examination content through the social media group.

The incident has sparked outrage among parents, with nearly 100 complaints lodged at the Anuradhapura police headquarters. Many parents have expressed concern over the fairness of the examination, urging authorities to consider a re-examination to ensure a level playing field for all students.