Dinesh Weerakkody

Labour shortage in key sectors: Govt. needs to be flexible

Views - 240 Friday, 13 October 2017 00:00

According to Ruchir Sharma, the author of ‘The Rise and Fall of Nations’, among the ten most important things to look at to see whether a country is rising or falling is its talent pool, i.e. is the manpower pool growing?


Debt repayments, Sri Lanka’s biggest nightmare

Views - 467 Friday, 6 October 2017 00:00

When the ambitious Belt and Road initiative – with projects reportedly worth $1 trillion – was first announced by President Xi Jinping in the autumn of 2013, many were sceptical of this Chinese move aimed at building up economic connectivity of 6


Improving bank and finance company governance in Sri Lanka

Views - 365 Friday, 29 September 2017 00:00

The dust is yet to settle on the collapse of CIFL and the Ceylinco Group’s Golden Key credit card company. Many of its depositors are still awaiting settlement of their dues.


The cry of ‘export or perish’ becoming real to Sri Lanka

Views - 257 Friday, 22 September 2017 00:00

Prime Minister Ranil Wickremesinghe speaking at the International Organization of Securities Commissions (IOSCO) Annual Committee held in Colombo said for Sri Lanka to promote exports and investment, the Government will soon introduce several laws in


Digital disruption – the big bang for leaders

Views - 317 Friday, 15 September 2017 00:00

Mohit Pande, Country Head of Google India, delivering the keynote at the CIMA Business Leaders’ Summit last Monday pointed out that Airbnb (an online marketplace and hospitality service, enabling people to lease or rent short-term lodging including


Government must win back public confidence

Views - 227 Friday, 8 September 2017 00:00

The President and Prime Minister sat down together this week at the BMICH to answer questions from the public. It was a good show for the Coalition Government. But, ironically today people measure their leaders by action not by what they say in publi


Sri Lanka needs more women in the workforce

Views - 227 Friday, 1 September 2017 00:00

The current female labour force participation in Sri Lanka is around 36%. This means that a disproportionate majority of women still remain outside the labour market, with limited or no access to wages, pensions and other benefits tied to gainful emp


The nation must focus on accomplishing something worthwhile

Views - 658 Friday, 25 August 2017 00:00

The Government has been in office for two years, and its agenda to many people still seems to be disconnected from the hopes and expectations of those who elected it to office on the promise of good governance. However the Government needs to be c


When political power is wielded by a small elite

Views - 1294 Friday, 18 August 2017 00:00

How did some nations, like a Japan, China, United Stated, become wealthy and powerful, while others remain stuck in poverty? And why do some of those powers, from ancient Rome to the modern Soviet Union, prosper for periods and then collapse? Pol


Black money and the war on cash; the challenge for the Government

Views - 1320 Friday, 11 August 2017 00:00

Last year India in an effort to combat corruption, tax evasion and counterfeiting, withdrew all 500 and 1,000 rupee banknotes from circulation. Many international bankers argue with me that India failed miserably in its demonetisation effort.&nbs


A National Economic Council to override the CCEM; or what?

Views - 1925 Friday, 4 August 2017 00:00

President Maithripala Sirisena submitted a Cabinet Paper last week seeking approval to appoint a new National Economic Council (NEC) under his purview to take key decisions on all the economic and development projects of the Government. The Presid


Should the BOI be shut down?

Views - 2179 Friday, 28 July 2017 00:10

Justice Minister Dr. Wijeyadasa Rajapakshe very boldly stated at the Sri Lanka Economic Summit on Wednesday that the Board of Investment should be shut down. The BOI is the PM’s brainchild and an offshoot of the GCEC.  Wijeyadasa went


Quality of leadership key to performance

Views - 2046 Friday, 21 July 2017 00:10

Steve Jobs, Henry Ford and Lee Kuan Yew. What did these titans have in common? They had a clear vision of the future, and the leadership skills to manifest the future they desired. They also surrounded themselves with great people; delegated autho


Why FDI must be pursued with greater vigour

Views - 2034 Friday, 14 July 2017 00:00

Last week a TV channel and a newspaper highlighted that a project that had been submitted for approval to the BOI had been approved without proper assessments being done. This type of negative publicity can result in the credibility of the BOI and


Taking back control of the country

Views - 2166 Friday, 7 July 2017 00:08

    The President this week said that anyone watching TV would feel there is no government. While some people may argue that it is a creation of some sections of the media and the opposition, some others would sa


What good HR can do for a firm – public or private

Views - 2552 Friday, 30 June 2017 00:05

Great Place to Work Institute on Wednesday for the fifth consecutive time recognised some of the best work places in the country.  The keynote speaker bestselling author Bob Lee expressed his surprise at the extent to which the best work pl


Education allocations must target youth unemployment

Views - 2560 Friday, 23 June 2017 00:00

There is now a commitment to increase the number of students entering universities by 2020 and also to allocate more funds for vocational training.  The current intake into government universities is around 25,000 per year. Nearly 60% (150,


The future of Sri Lankan exports

Views - 3201 Friday, 16 June 2017 00:10

Foreign Minister Ravi Karunanayake speaking at the FT Forum ‘Grow with Giants’ on Wednesday said Sri Lanka’s exports have dwindled due a lack of competitiveness over the years, from $ 17 billion to $ 11 billion and that there is


Ven. Athuraliye Rathana Thero on a collision path with Govt.

Views - 3333 Friday, 9 June 2017 00:00

MP Ven. Athuraliye Rathana Thero, a key architect of the 8 January revolution, said his dreams to get good and valuable things done from the present Government were shattered and he is now left with only one dream, and that is to prevent the Gover


Swift response needed for flood relief to minimise the fallout

Views - 3222 Friday, 2 June 2017 00:07

With Sri Lanka facing the worst-ever floods in 27 years, the Sri Lankan economy has begun to feel the pinch of climate change. The Government immediately appealed for foreign assistance to recover from the floods that caused an estimated Rs. 300 b


A Cabinet reshuffle must be done with a clear purpose

Views - 4084 Monday, 22 May 2017 00:02

The President and Prime Minister must make changes in the best interests of the country  By Dinesh Weerakkody Events, as they say in politics, have conspired to force the President to reshuffle his Cabinet, to sharpen Government and


Sri Lanka’s debt situation: Getting better or what?

Views - 4082 Friday, 19 May 2017 00:00

The external financing situation for Sri Lanka is certainly a big worry for both the Government and the private sector. This is largely due to monstrous financial profligacy of the past not yet fully explained. However it is also due to a large tr


Overall governance in the financial sector

Views - 4329 Friday, 5 May 2017 00:10

The world-renowned HR guru Prof. Dave Ulrich, speaking to a group of board executives, said that every board is responsible for governing its firm in the best interest of the shareholders and other stakeholders. They are responsible for their acti


Govt. needs to move on post-GSP+ to excite the electorate

Views - 4361 Friday, 28 April 2017 00:00

The GSP+ going through is no doubt a big victory for Sri Lanka given the many challenges the Government has been facing in the last few months and the negativity surrounding it. The Prime Minister needs to be congratulated for his efforts to resto


Financial sector needs to be future-ready to ride the next wave

Views - 4803 Friday, 21 April 2017 00:00

Prime Minister Ranil Wickremesinghe has said many times that Sri Lanka needs a new phase of economic transformation to keep pace with the major changes in global and regional growth.  The proposed Colombo Port City project according to the


Boosting exports a solid way to get out of our debt crisis

Views - 5110 Friday, 31 March 2017 04:59

Sri Lanka’s debt has increased from Rs. 7.3 trillion to Rs. 9.4 trillion in the last two years, with domestic rates moving up from 6% to 10.74%. On a domestic portfolio of Rs. 4,277.8 billion there would be an additional cost of around Rs. 2


Jobs and no takers, or what?

Views - 5296 Friday, 24 March 2017 09:49

IT and Commerce Minister of Telangana State Minister Rama Rao speaking at the Sri Lanka Human Capital Summit in Colombo said that the Telangana Academy for Skill and Knowledge created a platform between Government, academia and industry t


Building sustainable organisations through talent, leadership, culture

Views - 4885 Friday, 17 March 2017 00:00

New Deloitte research shows that culture, engagement, and employee retention are now the top talent challenges facing business leaders. More than half business leaders rate this issue “urgent” – up from only around 20% last year.


Retooling the Foreign Ministry to focus on commercial diplomacy

Views - 5574 Friday, 10 March 2017 00:00

Saudi King Salman on Sunday kicked off a multi-nation month-long trip to Asia last week aimed at boosting economic ties with Asia. It is King Salman’s first visit to Asia since he took the throne in January 2015. The last Saudi monarch to vi


Demonetising the Rs. 5,000 note; good or bad?

Views - 6353 Friday, 3 March 2017 00:00

Recently when a news item appeared in a newspaper that the Government was preparing to demonetise the Rs. 5,000 currency note, Finance Minister Ravi Karunanayake was quick to react. The Finance Minister told the media that what he said in Parliame


Today's Columnists

Priming the pump to make your MP jump

Friday, 20 October 2017

Here’s a radical idea. What if – instead of liking it or lumping it as you do for years on end – the voter could hold his or her Member of Parliament accountable for their performance?


Eyes wide shut: Fate of our times

Friday, 20 October 2017

‘Eyes Wide Shut’ was the title of a film by famed director Stanley Kubrick. Loaded with Freudian sub-currents, the film was about an occult society that eliminates any one who cross its path. A theme that would no doubt appeal to a buccaneer prim


SLFP within the political party system: Past and the future

Friday, 20 October 2017

Reforms in political parties are necessary in the process of democratisation of any country, however on the condition that those are progressive and democratic, and not regressive or authoritarian


A SME policy finally in Sri Lanka

Wednesday, 18 October 2017

The other day there was a communiqué that Sri Lanka must have a SME policy as per the direction from the leadership of the Yahapalanaya Government. It sure gave breath to the economy that is currently nose diving with a growth at 4.7% and all banks


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