Mangalore University honors NRI Businessman, Philanthropist Dr. Ronald Colaco with Hon Doctorate
Mangaluru: Dr. Ronald Colaco, a distinguished Dubai-based businessman and philanthropist, is set to receive an honorary doctorate from Mangalore University at its 42nd annual convocation on June 15. Born in Moodbidri near Mangaluru, Dr. Colaco began his professional journey in 1975 in Oman. Over the years, he worked across eight Arab and European countries, eventually rising to the position of commercial CEO for a consortium of three multinational companies: CCICL based in Athens, Greece; Mannesmann of Germany; and Saipem of Milano, Italy. His career has been marked by significant contributions to various turnkey projects, including the construction of world-class petro-refineries, gas processing plants, townships, and airports.
Dr. Colaco's entrepreneurial journey is a result of his hard work, dedication, and disciplined approach. He has successfully leveraged his extensive experience in diverse capacities to establish a series of thriving business ventures. However, his success in the business world is matched by his commitment to socio-cultural, charitable, and philanthropic activities, aimed at giving back to society. His initiatives have benefited countless individuals and organizations, regardless of their caste, creed, race, religion, or language.
Dr. Colaco has been a pioneer in providing essential infrastructure for the public good, setting a precedent that many multinational corporations have followed in their corporate social responsibility efforts. His acts of charity have included the donation of modern police stations, the construction of Hindu temples and churches, and financial support to historic temples and churches. He has also built a Taluk Office, an Advocate Bhavan, and a modern double road for the government. His contributions extend to educational institutions, healthcare facilities, housing for the underprivileged, and various public amenities.
His philanthropy has been recognized with numerous national and international awards. Among these is the prestigious '2015 International Recognition Award for Leadership in Service Excellence' conferred by the Prime Minister of Australia, awarded during the Australian Service Excellence award ceremony in Melbourne. Dr. Colaco was the only international recipient chosen from among 80 countries. In 2022, he was inducted into the World Book of Records, London, for his social and charitable contributions, particularly for providing infrastructure support to the Karnataka state government. This honor was presented to him at the House of Commons during the Indo-UK Leadership Summit.
Dr. Colaco's charitable activities span Karnataka, Goa, Maharashtra, and several overseas countries. His contributions include building and donating an international standard government high school, supporting over 70 schools, and providing substantial assistance to various healthcare clinics and hospitals. He has also donated houses for the less fortunate, supported arts and culture, and contributed to the development of rural infrastructure, among many other initiatives.
Throughout his career, Dr. Colaco has received numerous accolades and honors. In 2020, he was conferred with a Professional Doctorate in Global Leadership and Management in Philanthropy by the European International University of Paris. He has been recognized by the Institute Directors House of Lords of the British Parliament with a Distinguished Fellowship Award, and has received historic honors from the Premier of Ontario-Canada, the Australian Prime Minister, and invitations for breakfast meetings with US President Donald Trump.
Dr. Colaco's awards also include the "Global NRI of the Year Award 2017 in Philanthropy" by Times Now Group in association with ICICI Bank, the Karnataka State Rajyotsava Award in the Overseas Kannadiga Category, and several titles from the Konkani community such as "Vishwa Konkani Samaj Ratna" and "Pearl of Konkani Community." He has been honored by various religious and cultural organizations, including the Rachana Best NRI Entrepreneur of the Year and the Vishwa Bhushan title.
Dr. Colaco's philanthropy is supported by his wife, Jean Colaco, who has been fully involved in his charitable endeavors. Together, they have made a significant impact on countless lives, embodying the values of compassion and commitment to the common good. Dr. Ronald Colaco's story is one of remarkable professional success and dedication to humanitarian causes, making him a true role model and an inspiration to many.
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Explosive device kills 13, injures 38 on bus in southwestern Colombia as violence persists
Bogota (Colombia) (PTI): An explosive device killed 13 people travelling on a bus in southwestern Colombia on Saturday, an attack the country's army chief described as a “terrorist act" that also left at least 38 injured as violence linked to drug trafficking in the region escalates.
Octavio Guzman, the governor of the region of Cauca, said on X that the device was set off while the bus was travelling along the Panamerican Highway in the municipality of Cajibio. Five children were among the injured, Cauca Health Secretary Carolina Camargo told Noticias Caracol, a TV news program.
Gen. Hugo Lopez, commander of Colombia's Armed Forces, told a news conference that it was a “terrorist act" and blamed the network of a man known as “Ivan Mordisco” — one of Colombia's most wanted figures — and the Jaime Martínez faction. Both are dissidents of the now-defunct Revolutionary Armed Forces of Colombia that operate in the region.
Neither Ivan Mordisco nor the Jaime Martínez faction abide by the peace agreement signed with the state in 2016.
Colombian President Gustavo Petro condemned the attack on X.
“Those who carried out the attack and killed seven civilians — and wounded 17 others — in Cajibío — many of them Indigenous people — are terrorists, fascists, and drug traffickers,” he wrote.
The attack is the latest in a spate of explosions that have attempted to target public infrastructure. At least 26 incidents have taken place in the past two days in southwestern Colombia, which Lopez said have only affected civilians.
They included a shooting at a police station in the rural area of Jamundi, and an attack on a Civil Aviation radar facility in El Tambo, where authorities took down three explosives-laden drones earlier on Saturday. No one was hurt.
On Friday, two vehicles rigged with explosives were detonated near military units in Cali and Palmira, causing material damage.
The escalation of violence in that region — a territory contested by illegal armed groups linked to drug trafficking — prompted the mobilisation of high-ranking officials on Saturday. Led by Defence Minister Pedro Sanchez, the delegation that includes regional governors and local authorities, was meeting in Palmira when the deadly explosion occurred.
“These criminals seek to instil fear, but we will respond with firmness,” Sanchez said on X.
Meanwhile, Francisca Toro, governor of Valle del Cauca, has called upon the national government to provide “immediate support.” In a message on X, Toro called for a reinforcement of public security forces, enhanced intelligence operations and “decisive actions” against crime in the face of a “terrorist-level escalation.”
According to authorities, Cauca and Valle del Cauca serve as a critical hub for illicit activities of illegal armed groups vying for control over sea and river access routes leading to the port of Buenaventura — a key transit point used to traffic drugs to Central America and Europe.
The government has also offered a reward of more than 1 million dollars for information leading to the capture of “Marlon,” who is identified as the leader of the region's dissident group. On Friday, local authorities offered more than USD 14,000 for information leading to the identification and location of those behind the attacks in Cali and Palmira.
