Columnists,Financial Services

Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Views - 108 Wednesday, 22 November 2017 00:00

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Ranil’s reluctant tryst with truth

Views - 199 Wednesday, 22 November 2017 00:00

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Views - 336 Wednesday, 22 November 2017 00:00

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Some strengths and more weaknesses of Budget 2018

Views - 174 Tuesday, 21 November 2017 00:00

Under the prevailing circumstances, Budget 2018 may appear reasonable on paper. Government expenditure is kept under reasonable control and the deficit is expected to be 4.8% of GDP


Extending the net of AML/CFT: The need for public awareness

Views - 170 Tuesday, 21 November 2017 00:00

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


Ceylon Tea: go back to basics

Views - 228 Tuesday, 21 November 2017 00:00

During the last couple of weeks the banter between a brand owner for Tea and the Tea Exporters Association was very interesting. Ultimately the editor of the said newspaper mentioned that no more correspondence would be


Mangala’s Mangala Budget – Part 2: Go for reforms but permanently fix the country’s rising debt prob

Views - 427 Monday, 20 November 2017 00:05

Mangala’s Mangala Budget was approved in its Second Reading by a two-thirds majority in Parliament last week.


Today’s bonding with Bhagavad-Gita

Views - 279 Monday, 20 November 2017 00:00

We live in times of moral complexity. Whose deed is more pernicious, a burglar raiding the vault or the cop who wipes away the burglar’s fingerprints?


Improving the quality of policy proposals in the Budget

Views - 157 Monday, 20 November 2017 00:00

Every Budget Speech includes complex policy measures. Given the traditions associated with the Budget Speech, it is not possible to conduct public consultations on each of the measures beforehand.


Is Iran a threat to global peace?

Views - 88 Saturday, 18 November 2017 00:06

The aim of this article is to explore Iran’s nuclear program and its consequences throughout the world. Iran one of the nuclear power countries in the Middle East, which has brought very grave concern to the US.


Maldives forcefully voices plight of small island states at climate change conference

Views - 31 Saturday, 18 November 2017 00:00

The plight of small island states was forcefully voiced by Maldivian Minister for Environment and Energy Thoriq Ibrahim at the 23rd Conference of Parties to the UN Convention on Climate Change (COP23) being held in Bonn, Germany.


The Blue Green Budget of the Unity Government

Views - 212 Friday, 17 November 2017 00:10

The Budget proposals of the Unity Government under the theme ‘Blue Green Budget’ for the fiscal year 2018 are expected to support the achievement of medium-term targets such as Per Capita Income of $ 5,000


Starship budgets and the “Bicycle Brigade”

Views - 160 Friday, 17 November 2017 00:08

One has only to read the wide and varied responses to Budget 2018 (B18) to realise how fissured our society is.


Blue Green and scientific! Do we care, are we aware?

Views - 157 Friday, 17 November 2017 00:05

I see many comments on and summaries of the most recent Budget of the State. It is interesting to note that almost all the summaries ignore the provisions for science and technology made by the Budget. It is always


Going green needs defined regulations to go forward

Views - 29 Friday, 17 November 2017 00:00

With the new ‘Blue-Green Budget’ for 2018, Sri Lanka is taking a leap to the future to ensure that we leave behind a sustainable and environmentally friendly landscape for future generations


Mangala or Premadasa? Another globalisation is possible!

Views - 226 Friday, 17 November 2017 00:00

Speaking at an event organised by Ernst & Young, Mangala Samaraweera has decried a “nanny state”, quite omitting to mention that the idea and phraseology is from Maggie Thatcher in the early 1980s and has been quite


Seychelles and cinnamon business opportunity

Views - 155 Thursday, 16 November 2017 00:52

On the invitation of an old friend, I had the opportunity of visiting Seychelles. My friend, a senior officer in the Government Service,has received official accommodation in the mountainous region and accommodated my family in his residence.


Our maritime and logistics hub dream and liberalisation of the shipping and freight forwarding indus

Views - 556 Thursday, 16 November 2017 00:04

A lot has already been expressed, for and against, in the press, on the proposal made via the country’s 2018 Budget speech to liberalise the shipping and freight forwarding sectors in full. After the budget speech, the Finance Minister himself wrot


Tribalism and its discontent

Views - 194 Wednesday, 15 November 2017 00:12

This is a hurriedly-composed rebuttal to Dr.Dayan Jayatilleka’s critique of the Budget that he has described as a social war budget. The contrived indignation he summons in denouncing the Budget that a more learned


Investment options beyond fixed deposits and savings accounts

Views - 564 Wednesday, 15 November 2017 00:08

The majority of Sri Lankans invest their hard earned money in banks and finance companies in the form of fixed deposits and savings products. However, there are a number of other financial instruments available for investment for retail investors whi


Crowdfunding: Its economic impact and regulation

Views - 145 Wednesday, 15 November 2017 00:03

Crowdfunding is the pooling of small amounts by a large number of investors to fund a project and crowdfunding is carried out using the internet. Crowdfunding is a novel approach for raising funds and is known to have been in


Budget 2018: Enterprise Sri Lanka must address realities

Views - 318 Wednesday, 15 November 2017 00:02

The other day at a post-Budget forum the Minister of Finance said that Enterprise Sri Lanka needed to take off just like the USS Enterprise in the movie Star Trek with innovative solutions while venturing into places that no man


An analysis of the Budget from an automotive perspective

Views - 175 Wednesday, 15 November 2017 00:00

Historically, Customs duty on motor vehicle imports has been calculated on the CIF value of the vehicle. In Customs terminology, the value for Customs duty is assessed on the price “paid or payable” by the importer.


‘Social war’ Budget: Sri Lanka’s social contract under siege

Views - 185 Tuesday, 14 November 2017 00:00

Earlier this year, the country’s top economists and policy planners, current and previous, were gathered together to honour the country’s top development thinker and perhaps the finest Sri Lankan intellect alive, Dr. Godfrey


Budget 2018 lacks commitment to Central Bank’s inflation targeting crusade

Views - 203 Tuesday, 14 November 2017 00:00

It would be a suicide mission for the Central Bank to undertake inflation target-based monetary policy without strictly enforcing budget discipline by the Government, as I cautioned in my article appeared in the Daily FT of 30


Cyberbullying and the bond boondoggle

Views - 206 Tuesday, 14 November 2017 00:00

This essay is about cyberbullying or cyber defaming that President Maithripala Sirisena recently alluded to at the memorial event for Venerable Maduluwaee Sobhitha Thero.


Promising and committed, but his Cabinet colleagues have to walk the talk

Views - 616 Monday, 13 November 2017 00:30

Finance Minister Mangala Samaraweera’s Mangala Budget (Maiden Budget) was presented to Parliament last week. A budget is simply a one year financial plan of the government.


To improve female labour force participation in Sri Lanka, first change attitudes

Views - 138 Monday, 13 November 2017 00:27

Earlier this year in Hatton, I met a group of talented, young adults who had just participated in a social innovation pilot program.


Embracing the new world of work

Views - 249 Monday, 13 November 2017 00:00

I had the opportunity of participating in one of the largest HR conferences in the world last week. The 70th annual conference of the Chartered Institute of Personnel and Development (CIPD), UK, was held in Manchester Conventions Centre on 8 and 9 No


Do current unemployment figures show a true picture or is there more to it?

Views - 174 Monday, 13 November 2017 00:00

Sri Lanka boasts low unemployment rates. It seems Sri Lanka to be in a comfortable place when it comes to unemployment. If you check the statistics, unemployment has fallen YOY from 2016 to 2017 from 4.6% to 4.5%.


Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


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