Business and Economics
Green Climate Fund to support ADB’s first green recovery program in Southeast Asia with US$ 300 mn

The Green Climate Fund (GCF) has allocated $300 million to support the Asian Development Bank’s (ADB) efforts to help Southeast Asia shape a climate-resilient, environmentally sustainable economic recovery from the coronavirus disease (COVID-19) pandemic.

The Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) Green Recovery Program aims to leverage GCF and ADB funds to catalyze financing from development partners and private capital sources to support more than $4 billion worth of green infrastructure projects across the region. All projects supported by the program will incorporate innovative green finance instruments and approaches.

“The ACGF Green Recovery Program is designed to kickstart a cycle of low-emissions investments during the first few years of a COVID-19 recovery,” said ADB Vice-President Ahmed M. Saeed.
SriLankan Airlines introduces neighbour-free travel on Economy class

SriLankan Airlines the national carrier of Sri Lanka and a member of the oneworld alliance unveils Neighbour Free Seats. This feature allows passengers to purchase an empty seat or row beside them on a flight, at a nominal price set by the airline, ensuring the seat or row remains vacant on economy class, giving passengers the option to physically distance themselves inflight and fly in comfort with more space and privacy. Neighbour-free seats provide customers with generous legroom and more space to relax during the flight. Also, it benefits concerned travellers by enabling passengers to block seats around them, providing an effective solution for social distancing onboard.
These seats will be offered to all Economy Class passengers holding a confirmed booking on SriLankan Airlines. Passengers will be able to pre-book empty seats, as these are subject to availability.

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ICCSL meets new Chinese Economic Counsellor

The International Chamber of Commerce of Sri Lanka(ICCSL) met with the new Economic and Commercial Counsellor Li Guangjun of the Chinese Embassy and Attaché Zhu Min this week to discuss travel and trade restrictions for business visitors to China, carnet issuance, potential business opportunities, exhibitions and areas for business cooperation.

The Counsellor reiterated that China is hopeful of normalcy in the fourth quarter 2021. The International Chamber of Commerce works with business groups worldwide including ICC China to represent the voice of businesses at the intergovernmental level, the United Nations and World Trade Organization.

The International Chamber of Commerce, founded in 1919, is the world’s largest business organization with a network of over 45 million members in more than 130 countries. ICC works to champion evidence-based policies to shape the multilateral trade and investment agenda as a driver of growth, jobs and development.ICC Paris is represented in Sri Lanka by ICCSL Dinesh Weerakkody Chairman ICCSL, Ranjith Fernando COO ICCSL and officials from the National Gem & Jewellery Authority Amal Thennakoon Director and Ayoma Dias Assistant Director participated in the discussion.

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