The public sector: The paradise where age is a blessing in disguise

Views - 388 Saturday, 13 October 2018 00:10

The Sri Lankan public sector is a symbol of equality, at least, in terms of employees’ age. I would say that the public sector is a unique place to work. Naturally, a public sector employee expresses empowerment and authority, because he or she re

At what value of the rupee will Central Bank think it needs to stop the depreciation? 200? 250? 300?

Views - 499 Friday, 12 October 2018 00:00

By Ajith Nivard Cabraal In Aesop’s Fables’ ‘The Fox and the Grapes,’ the fox, when it finds that it is unable to reach the grapes it is seeking, claims that the “grapes are sour” and hence it’s not worthwhile reaching for the grapes. I

Understanding the current industry trend towards bespoke tourism

Views - 391 Friday, 12 October 2018 00:00

Bespoke tourism is growing in popularity around the world. The reason for this is because it’s similar to choosing between off-the-rack suits over tailor-made suits. No matter how good the design is, a bespoke version is going to fit you much bette

Lankan stock market needs serious State intervention

Views - 480 Friday, 12 October 2018 00:00

The ASPI decreased eight points or 0.14% to 5,872 on Wednesday 10 October from 5,880 in the previous trading session and on Thursday down to 5,840. Historically, the Sri Lanka stock market (CSE All Share) reached an all-time high of 7,811.82 in Febru

Integration of global value chains for sustainable tourism development in Sri Lanka

Views - 260 Thursday, 11 October 2018 00:00

Inclusiveness, coopetition and innovation Sustainable tourism is the concept of visiting a place as a tourist and trying to make a positive impact on the environment, society and economy. Tourism can involve primary transportation to the general loc

Indonesia: An indifferent god?

Views - 156 Thursday, 11 October 2018 00:00

I am at a loss to make sense of the terrible catastrophe in Indonesia. At the time of writing, I watched on Al Jazeera how a pathetic, large-scale human tragedy was unfolding in the Indonesian province of Sulawesi. A 7.5 magnitude colossal earthquak

Sri Lanka power system expansion and national security implications

Views - 249 Thursday, 11 October 2018 00:00

The national power system expansion debate continues with the fossil fuel and renewable energy (RE) options under consideration. Embarking on a program to rapidly harness RE resources will bring direct economic benefits to the nation and negate the n

Miracle on the Han River: Can Kelani emulate?

Views - 472 Thursday, 11 October 2018 00:00

If a country has grown with science and technology driven by its own internal research and development and deployment, Korea should enter into anyone’s mind – or does it? Certainly when one hears the story of the miracle on the Han river, the sto

When dining with the devil, use a long spoon said William Shakespeare

Views - 798 Thursday, 11 October 2018 00:00

I start with two confessions – firstly, I am no hero, in fact I am still but a victim who has hope of overcoming the said syndrome; on the other hand I have reaped the benefits of social media and the rapid ripple effect it can offer. Secondly, eve

Indian Ocean economy: Renewed opportunities for Sri Lanka

Views - 291 Wednesday, 10 October 2018 00:00

As Sri Lanka gears up to host ‘The Indian Ocean: Defining Our Future’ conference this week, it is worth examining the benefits that Sri Lanka stands to gain from greater engagement with over two dozen countries, spanning three continents, across

The geopolitics of ports and the silk road of the sea

Views - 317 Wednesday, 10 October 2018 00:00

The expertise of a country’s diplomats and the effectiveness of its armed forces are not the only variables determining its rise. Geographical factors must also be considered. Influencing the overall prosperity of a nation are its access to raw mat

Trade is our way out

Views - 267 Wednesday, 10 October 2018 00:00

When you look at the graphs, it’s not difficult to understand the long term reason for the pressure on the currency. Seen is the data for merchandise exports and the external current account balance from 1970. Look at the trend. See how the proble

Where are women’s voices in media?

Views - 196 Wednesday, 10 October 2018 00:00

Sri Lankan media does not have the best track record of covering issues related to women. Sometimes their mistakes are rather explicit – like publishing identifying details about survivors of sexual violence, publishing images that infringe on the

A fork in the road: IPCC’s ‘Special Report on 1.5 Degrees’ and the future of the world

Views - 168 Wednesday, 10 October 2018 00:00

Climate change is real, and its impacts cannot be overstated. Climate change is happening now and happening everywhere, from developing to developed nations, from North to South and East to West. The 2015 Paris Agreement has set the governments of th

Clear national strategy results in strong brands

Views - 269 Wednesday, 10 October 2018 00:00

Last week the Daily FT-Colombo MBA Alumni Association staged the first-ever pre-Budget Forum dedicated to women entrepreneurs and professionals. If one were to conceptualise the presented proposals, they hinged on two points. The first was the overa

Sinhala Buddhism and the historic struggle of Ananda College Colombo

Views - 1160 Tuesday, 9 October 2018 00:00

In 2011, when Ananda College Colombo celebrated its 125th anniversary, having gone through the contributions made by non-Sinhalese and non-Buddhists towards building up the great school, it was decided to have an annual encounter of cricket between A

Dollar/rupee conundrum and the need for a balanced economic policy

Views - 207 Tuesday, 9 October 2018 00:00

During the last nine months of the present year (January-September 2018), the rupee depreciation had been nearly 10%, and that is what has prompted the Government and the Central Bank to take some measures (at the last moment). The situation has also

Exchange rate crisis: Identifying right reasons and finding appropriate solutions

Views - 577 Tuesday, 9 October 2018 00:00

Sharp depreciation of the Sri Lankan Rupee (LKR) made headlines of financial press in the last month. The LKR continue to hit fresh highs against United States Dollars (USD); the primary currency of external trading. Both the Government and the Oppos

Sri Lanka can still open the window of opportunity: Dr. Amarakoon Bandara

Views - 2178 Monday, 8 October 2018 00:00

My former colleague at the Central Bank and presently Senior Economic Advisor to UNDP, Dr. Amarakoon Bandara, delivering a public lecture at the Bank on Growth Dynamics, has opined that Sri Lanka can still open its window of opportunities if proper p

Govt., CB have abdicated vital statutory duty by not being able to deal with rupee depreciation

Views - 460 Monday, 8 October 2018 00:00

As per the Monetary Law Act (MLA), it is a statutory duty of the Central Bank’s is to maintain “economic and price stability”. In so doing, the MLA requires the Monetary Board “to maintain the international stability of the Sri Lanka Rupee”

The Artificial Intelligence revolution that is coming

Views - 451 Monday, 8 October 2018 00:00

Artificial intelligence, the ability of computers to perform activities associated with intelligent beings.

Paradox navigation: From potential to possibilities

Views - 263 Monday, 8 October 2018 00:00

It was delightful to be a Sri Lankan speaker at the NATCON 2018, the biggest HR conference in India held in Pune recently. I spoke on the future of HR and had the opportunity to discuss it further with Dr. T.V. Rao, who is hailed as the pioneer of th

Rupee depreciation, mismanagement and Government’s indecisive nature

Views - 378 Saturday, 6 October 2018 00:30

On Tuesday, the Cabinet heated up once again over the rupee depreciation and the mismanagement of the currency. Despite the eloquent economic analysis by the Governor of the Central Bank and the Finance Ministry Advisers praising each other over thei

Maldives belies hopes of smooth transition from Yameen to Solih

Views - 122 Saturday, 6 October 2018 00:10

When the result of the Maldivian Presidential election of 23 September came out, and the defeated incumbent, Abdulla Yameen, gracefully announced that he had accepted the people’s verdict and was bowin

Labour imports must be managed professionally to avoid destabilisation

Views - 255 Friday, 5 October 2018 12:00

A group of professionals belonging to several agencies said in one voice on Tuesday that foreign worker policies must be carefully drafted and should not in any way be allowed to destabilise the local labour market. The known facts about Sri Lanka

Does Sri Lanka have a foreign policy at all today?

Views - 255 Friday, 5 October 2018 00:00

My approach in this article is to make as little comment as possible, and to let the documentation, consisting of authoritative resolutions, statements and other material, speak for itself. I. Address by President Sirisena at the United Nations Gene

Need for an equitable and people friendly-tax regime

Views - 177 Friday, 5 October 2018 00:00

Far-reaching fundamental changes have been done to the tax structure of the country in the recent past. It is true that laws have to evolve and change to suit the changing socio economic environment. The new tax law among other things aim at widening

The free media: but no such beast

Views - 244 Friday, 5 October 2018 00:00

I think we liberals are quite a bit mistaken about the so-called free media. Or at least are naïve or idealistic about it. We value the honesty, integrity and outspokenness of the Fourth Estate. Up to the very heart-stopping gut-wrenching moment whe

Municipal Councils and our public service

Views - 483 Thursday, 4 October 2018 00:58

A friend, a retired accountant, owned a plot of land in the Dehiwala area with a long frontage to a major road. He had bought it 30 years ago as a residential property, but later, in view of the rapid transformation of the area, developed it into a s

Understanding the current industry trend towards bespoke tourism

Views - 247 Thursday, 4 October 2018 00:00

The current trend within the tourism industry in Sri Lanka is leaning towards bespoke tourism, which hints at growing opportunities and challenges for the tourism sector in general. Bespoke tourism is growing in popularity around the world. The reaso

Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.

Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca

The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.

The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R

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