Former Sathosa chairman Nalin Fernando further remanded

Former Sathosa chairman Nalin Fernando was today ordered by court to be further remanded until April 12 over ongoing investigations related to the misuse of state funds.Fernando had been arrested last week by the Financial Crimes Investigations Division (FCID). (Colombo Gazette)

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Africa calls for strengthening of private initiatives for continental development

Strengthening the private sector, in its widest sense, depends on educating an efficient, supportive and capable public sector and improving economic and political governance, areas which require policy action by the African countries, the 13-member Panel’s report says.The private sector, the role of which is stressed in the report, must be assisted through such measures as providing credit, establishing clear property rights and providing technical assistance, wherever necessary, the Panel says. The International Monetary Fund (IMF) and the World Bank should put greater emphasis on the private sector’s role within the framework of national poverty reduction strategy papers (PRSPs), it adds.It cautions that reducing trade barriers must be carefully planned and the structure of African trade kept in view. “For instance, a reduction of agricultural subsidies in the European Union and the United States of America could harm, not help, the many African nations that are net importers, rather than exporters, of agricultural goods,” the report says.The reduction of African trade barriers could enable the African nations to benefit from trade between developing countries, it adds.While the number of bilateral and subregional preferential trade agreements are increasing in Africa, the Panel says the completion of the World Trade Organization’s (WTO) Doha Round of multilateral trade negotiations is an important priority for African nations and it urges NEPAD to show “fulsome support” for it.In this regard, to facilitate the completion of the Doha Round, the Panel says NEPAD can make a strong case for both compensatory and short-term, adjustment-oriented aid flows to those African countries seriously affected by the reduced value of their products as they gradually lose their most favoured nation (MFN) status.On aid, it says: “The Panel fully endorses the call for a substantial increase in aid levels (net of debt relief and humanitarian assistance), in accordance with the commitments made by the Group of Eight (G8) major industrialized countries in Monterrey, Mexico, and the pledge to channel at least one-half of this increase to sub-Saharan Africa.” read more

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Calsonic Kansei promotes future job opportunities to local schools

Calsonic Kansei opens its doors to local children as part of a co-ordinated national event to promote careers in manufacturing.Throughout June automotive companies across the UK will open their doors to pupils, teachers and career advisors to promote manufacturing in the automotive sector as part of government’s See Inside Manufacturing initiative.Supported by the Automotive Council, the initiative is being launched across the UK to encourage young people to take up Science, Technology, Engineering and Mathematic (STEM) subjects in order to boost the UK’s skills base.Calsonic Kansei will invite pupils from local schools to visit its UK plants in Washington and Sunderland to participate in four half-day events, tailored to promote future careers opportunities in automotive manufacturing.Pupils will tour the Washington and Sunderland plants, receive presentations on manufacturing in the automotive sector, carry out practical exercises and visit the Calsonic Kansei Production Systems Training Centre. The company’s current apprentices will also meet with the pupils to share their experience of working in a manufacturing environment.John Barnett, Senior General Manager for Calsonic Kansei’s manufacturing operations in the North East, said, “Manufacturing is key to the success of the region, and therefore has an impact on every one of the schoolchildren that come on the visit. We need to get young people engaged in what manufacturing actually involves.”Business Minister Mark Prisk said, “I’m pleased that Calsonic Kansei will be opening their doors to help represent the automotive sector, and dispel outdated perceptions of manufacturing. I encourage people to come along and see for themselves what exciting opportunities exist.”James Davies, Chairman of Calsonic Kansei in Europe, said, “This initiative will also enable us to assist educational establishments in promoting STEM subjects which are key to improving our national skills base. I have now worked in the Automotive sector for 26 years and I can testify that it is an amazing and dynamic industry, which can offer a vast range of opportunities and experiences to our young people.”For more information on UK automotive participation in See Inside manufacturing, click here. To discover more about the wider government initiative, click here.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

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