Business
Impetus to Rotary and Ministry of Health partnership to eliminate cervical cancer
Launch of WHO global strategy
Seventeenth November 2020 marks a historic milestone, with the World Health Organization (WHO) officially launching its global strategy to accelerate the elimination of cervical cancer as a public health problem , targeting the period 2020-2030. This is the first time the world has committed to eliminate a cancer. As WHO has observed “Cervical Cancer is a preventable and curable disease as long as it is detected early and managed effectively”.
The Rotary Club of Colombo, in the second phase of its 15 year Cancer Prevention and Early Detection Project, launched its Cervical Cancer Elimination Project in 2019 in partnership with the Ministry of Health . Today, to commemorate the November 2020 WHO formal launch landmark, monuments in the capital, namely Colombo Town Hall and other prominent landmarks will be illuminated in the colour teal to depict cervical cancer awareness. This would be a display of solidarity by Sri Lanka with a historic global commitment to eliminate cervical cancer, and will be showcased globally as part of the WHO event , accompanied by the illumination of iconic monuments in various regions of the world. Today’s launch of the WHO strategy , gives impetus to the far reaching Rotary initiative in partnership with the Ministry of Health to fight cervical cancer, with the challenging goal of eliminating cervical cancer as a public health problem by 2030,
While local and global events , primarily the Covid-19 pandemic, delayed the launch of this life saving project , it is now targeted for early 2021 with the installation and commissioning of advanced technology HPV DNA screening equipment for early detection of cervical cancer , located regionally to reach out to areas with low coverage. This would be simultaneously accompanied by relevant capacity building of healthcare personnel focussing on behavioural change, and publicity campaign to build social awareness. Two buses for mobile screening would also be made available to facilitate greater reach to target high risk groups in the interior areas. This major project is funded with a global grant from The Rotary Foundation together with a number of Rotary Clubs across the world , and project partner Rotary Club of Birmingham ,Al, USA.
The strategy adopted by WHO in 2020 is reflected in the approach taken by the Ministry of Health Sri Lanka in partnership with Rotary, of targeting elimination of cervical cancer as a public health problem through 3 main pillars-Prevention through HPV vaccination , which will be taken on by the Ministry of Health, and which offers long term protection against cervical cancer. Rotary’s involvement would be in the facilitation of screening and early detection of cervical cancer in the 35 and 45 year old females, thus enabling early detection and treatment of pre-cancerous lesions which would prevent a pre cancer developing into a cancer. The third pillar would be the treatment for those diagnosed with invasive cancer , which could save those lives, while palliative care would address the pain and suffering and aim at mitigating this. Rotary’s ongoing partnership of over 15 years with National Cancer Control Programme of the Ministry of Health , focussing on screening and early detection and prevention of breast cancer and cervical cancer , motivated Rotary, with this long experience, to come forward, and focus on cervical cancer – being preventable , and curable if detected early and treated.
The WHO strategy targets 90% of girls to be fully vaccinated with the HPV vaccine before the age of 15 years, with a target of 70% of women being screened using a high performance test at 35 years and again at 45 years , and 90% of women identified with cervical cancer to receive treatment(both pre cancer and invasive cancer). In this respect Sri Lanka is on the right path with the HPV vaccination of 10 year old girls already close to the target. The well structured healthcare system in Sri Lanka effectively facilitates reaching the target group for screening and early detection of cervical cancer , which, with the support from Rotary, would address the present low coverage, and target an increase upto 70-80% coverage. With results being measurable and monitoring and evaluation systems being upgraded , including population based cancer registries , such a focussed strategy spearheaded by the Govt of Sri Lanka in partnership with Rotary, would make elimination of cervical cancer as a public health problem an achievable goal.
WHO states in its communique launching its strategy , ” Cervical cancer stands as one of the world’s greatest failures, but through strong action and aligned intervention, elimination is within reach for all countries. The technology and tools exist to prevent this disease , along with proven measures for early diagnosis and treatment”.
Rotary, in partnership with the Ministry of Health is focussed on this challenging and lifesaving goal which will be a historic milestone in disease prevention. In the words of WHO Director General, “We can eliminate cervical cancer and make it a disease of the past”.
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Business
Unlimited music streaming platform in Sri Lanka
SLT-Mobitel, the nation’s ICT and Telecommunications Service Provider recently partnered with Spotify, to mark their launch in Sri Lanka. Spotify is a paid premium music streaming app which allows subscribers to listen to music to their hearts content. Both, SLT-Mobitel Post-Paid and Pre-Paid customers will now be able to enjoy Spotify by activating a monthly recurring subscription or one-time subscription plan and access unlimited music streaming and downloading facilities.
The subscription charges will get added to the user’s customary billing, where payment will be deducted in real time. Starting from the payment date, the user will be able to access Spotify and download their favourite songs, for the next 30 days. Users who sign up for their first monthly subscription will receive an additional one month, courtesy of Spotify. The one-month subscription plan is not applicable with one-time subscription plans. SLT-Mobitel data rates, depending on the user’s respective broadband charges, will apply.
Spotify also has some exciting features that will provide SLT-Mobitel customers with the opportunity to listen to ad-free music, access millions of uninterrupted music under one platform, play any song they like, anywhere they go, and also be able to enjoy their music offline.
SLT-Mobitel customers can select their preferred premium package under four categories; Individual, Duo, Family, Student. Each category has recurring and non-recurring plans. After one month of free streaming, the package will activate once the offer period terminates. While both, the Individual and Student premiums are limited to one account user, the Duo package offers two accounts and the Family premium is accessible through six accounts. To view Spotify plans, users can log on to https://spoti.fi/3aLWvce
Business
Sri Lanka using ‘sovereign power’ over economy: CB Governor
by Sanath Nanayakkare
Anyone conversant with the elements of a political economy would know that Sri Lanka is using its ‘sovereign power’ to manage the different dynamics of the economy in a sustainable manner, Professor W. D Lakshman Governor of the Central Bank said on Wednesday.
“Some critics are saying that we adopt a so-called modern monetary theory. That’s not the case. In fact, Sri Lanka is using its sovereign power in a number of economic aspects to honour its external debt repayment commitments as well as to reduce its debt burden in the medium term as well as achieve resilient growth in the medium to long term, he said.
“We make policy decisions to boost our gross foreign reserves, meet our external debt servicing, to facilitate monetary expansion, to boost our GDP growth, to strengthen our current account balance and manage our domestic and external economic variables in a sustainable manner. This is not a modern monetary theory. This is an age-old tool used by central banks around the world when the circumstances demand it, he said.
“Certain trade-offs will be necessary when dealing with an economy which has a big fiscal gap to bridge. There are efforts to push Sri Lanka towards the IMF again which would in turn have influence on our policymaking. We have taken policy measures to stabilize the economy and we have adequate reserve levels to meet our debt repayments. Meanwhile, we are in negotiations with overseas central banks and multilateral agencies to further boost our reserve level and it would materialise within a matter of weeks,” he noted.
“One of the tools the Central Bank has introduced is in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lankan rupees in order to strengthen the foreign exchange situation of the country,” he said.
The Governor made these remarks while delivering the keynote speech at a webinar organised by the Veemansa Initiative led by its Managing Director Luxman Siriwardene – the former Executive Director of Pathfinder Foundation.
The webinar revolved round the topic ‘External debt situation in Sri Lanka: Are we heading for a resolution or crisis?’
Professor Sirimal Abeyratne, Prof. Sumanasiri Liyanage, Dr. Nishan de Mel and Dr. Ravi Liyanage were the other speakers on the panel.
Business
CSE on the rebound; indices close positive
By Hiran H.Senewiratne
CSE produced signs of a rebound yesterday with both indices closing positive, though turnover remained low. Central Bank Governor W.D Lakshman’s recent statement on managing foreign reserves gave some boost to the market yesterday, stock market analysts said.
The index experienced a zigzag movement within the early hours of trading; thereafter, it recorded a slight up-trend as it reached its intraday high of 7,439. Later, the market witnessed a down-trend at mid-day, followed by a sideways movement and closed at 7,372, gaining 43 points during the month of February, market sources said.
It is said the banking sector dominated turnover with a contribution of considerable parcel trades in Sampath Bank, Commercial Bank and HNB.
Further, the Commercial Bank’s impressive quarterly results during the recent turbulent period also built investor confidence. Commercial Bank was able to register a18 percent net interest income when other banks were reporting a decline. Its share price increased by Rs. 3 or 3.5 percent. On the previous day, its shares started trading at Rs. 85 and at the end of the day they moved up to Rs. 88. Due to the positive growth results, the bank announced a Rs. 4.40 dividend per share, plus a Rs. 2 script divergent for every share.
Further, Sampath Bank shares also appreciated in both crossing and retail. In crossings its shares appreciated by Rs. 1.At the end of the day they moved up to Rs. 154.50. In the retail market, its shares moved up by Rs. 2 or 1.3 percent. Previously, its shares fetched Rs. 154 and at the end of yesterday they moved up to Rs. 156.
Amid those developments, both indices moved upwards. The All Share Price Index went up by 104.48 points and S and P SL20 rose by 67.78 points. Turnover stood at Rs. 3 billion with four crossings. Those crossings were reported in Sampath Bank, where 3.9 million shares crossed for Rs. 602.2 million, its share price being Rs. 154.50, HNB 375,000 shares crossed for Rs. 39.4 million, its shares traded at Rs. 105, Pan Asia Power 9.5 million shares crossed for Rs. 33.2 million, its shares traded at Rs. 3.50 and Access Engineering 1.2 million shares crossed for Rs. 28.2 million; its shares traded at Rs. 24.
In the retail market top five companies that mainly contributed to the turnover were, Expolanka Rs. 450 million (10 million shares traded), JKH Rs. 205 million (1.3 million shares traded), Browns Investments Rs. 199 million (34.9 million shares traded), Sampath Bank Rs. 191 million (1.2 million shares traded) and Dipped Products Rs. 137.7 million (2.8 million shares traded). During the day 101 million share volumes changed hands in 18046 transactions.
During the day, Expolanka, the biggest contributor to the turnover, saw its share price appreciating by Rs. 6.20 or 15 percent. Its share price quoted on the previous day was Rs. 41 and at the end of trading yesterday it moved up to Rs. 47.
Sri Lanka’s rupee quoted wider at 193.50/195.50 levels to the US dollar in the spot next market on Thursday while bond yields remained unchanged, dealers said. The rupee last closed in the spot market at 194.50/195.00 to the dollar on Wednesday.