Business and Economics
Sri Lanka Voted among ‘The Best Countries to Travel to’ in Condé Nast Traveler Readers’ Choice Awards

Sri Lanka has consistently ranked among the world’s favorite destinations for travelers seeking unadulterated escapism and the experience of a lifetime. The island offers a unique mix of sensory delights, making it a must-visit for the traveler that yearns to be inspired and awed.

According to the Conde Nast 2021 Readers’ Choice Awards, Sri Lanka ranks among ‘The Best Countries to Travel to’, as voted for by Condé Nast Traveler’s readers. The prestigious travel publication Condé Nast Traveler invites readers to submit their vote for the destinations and experiences they wholeheartedly recommend. In the most recent survey, over 800, 000 people responded with their preferences. The results were then published on the Condé Nast Traveler website.Sri Lanka was once again amongst the most celebrated destinations in the world, reaching an impressive score of 93.96, which is an improvement over last year's score of 91.79.
Green 5G Networks for a Low-Carbon Future – Huawei’s Ryan Ding

At the 2021 Global Mobile Broadband Forum (MBBF), Ryan Ding, Huawei's Executive Director and President of the Carrier Business Group, gave a keynote speech entitled "Green 5G Networks for a Low-Carbon Future". In his speech, Ding said that 5G has become a new engine for the growth of the mobile industry, and that to adapt to the rapid growth of data traffic, the whole industry will need to keep pursuing innovations in power supply, distribution, use, and management, and build greener 5G networks with higher performance and lower energy consumption.

According to Ding, in countries where 5G is developing faster, operators who have invested heavily in 5G have seen remarkable returns, but he stressed that operators will realize business value only when the 5G user penetration rate is high enough.

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‘Pandemics and Disruptions: Safeguarding Lives and Livelihoods of Sri Lankans’

The second of IPS’ three-part webinar series to launch the ‘Sri Lanka: State of the Economy 2021’ report on the topic ‘Pandemics and Disruptions: Safeguarding Lives and Livelihoods of Sri Lankans’ was held via Zoom on October 13, 2021. It featured presentations by Dr Nisha Arunatilake and Dr Bilesha Weeraratne from the IPS with expert insights from Ms Madhavie Gunawardena, Director, TRCSL and former Commissioner of the Department of Labour, and Dr Kolitha Wickramage, Global Migration Health Research and Epidemiology Coordinator, Migration Health Division, International Organization for Migration (IOM). Ashani Abayasekera from IPS moderated the discussion.

Dr Arunatilake stated that the unemployment rate increased by 0.7% in 2020. The most affected were youth, low and medium-skilled individuals, and males, while several women left the labour market altogether. The quality of jobs available declined too with many workers taking on more vulnerable forms of employment (eg. agriculture, self-employment) that have low social security. IPS research shows that the perception of employees, employers, and trade union leaders is that the government could have done better by providing financial support through the EPF/ETF. However, no such legal provisions exist.

She pointed out that the COVID-19 crisis has highlighted the need for pre-retirement social security benefits such as sickness benefits and unemployment assistance and that the funds allocated for ETF is sufficient to cover pre-retirement benefits that can be given to workers.

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