Sirisena introduces a new and critical requirement for reconciliation

Views - 172 Saturday, 29 September 2018 00:10

It is generally stated by liberals and the human rights community that for Sri Lanka to achieve ethnic reconciliation, the Government will have to implement Resolution 30 (1) and 34 (1) passed by the UN Human Rights Council (UNHRC) in 2015 and 2017 r

Is it time for a rate cut?

Views - 330 Friday, 28 September 2018 00:00

If you look at the successful economies of our region they have followed economic policies that are diametrically the opposite of what our nation state has followed. These economies had; 1. Low nominal interest rates 2. Competitive to slightly deprec

Dollar rally hurting Sri Lanka and other emerging markets

Views - 536 Friday, 28 September 2018 00:00

The Sri Lankan Rupee in the last eight weeks has taken a beating like many other Asian currencies as a result of the dollar rally. The Government rightly pointed out that many of the other currencies had taken a bigger beating. This week the rupee hi

Megalomaniacal Megalopolises

Views - 238 Friday, 28 September 2018 00:00

I note with interest the incumbent administration’s determination to develop our country’s rural periphery and the many paths it sees to get there. Then, as I read the related newspaper articles more closely, my active interest changes to anxious

Will Gods support paddy cultivation this Maha season?

Views - 130 Thursday, 27 September 2018 22:47

Normally rains for Maha cultivation season arrive around 20 September and the Meteorological Department has been forecasting incoming rains. Its website informed on 13 Sepetmber Mahiyanganaya received 50mm of rain. The Accuweather website, which giv

Rohan Masakorala speaks on maritime, shipping and logistics as IMO turns 70

Views - 276 Thursday, 27 September 2018 12:11

Rohan Masakorala is the CEO of the Shippers’ Academy Colombo and the Chairman of the Logistics Advisory Committee for EDB on the National Export Strategy of Sri Lanka. In this interview he speaks about maritime, shipping and logistics. Following ar

Protest, Arab Spring and Zimbabwe

Views - 278 Thursday, 27 September 2018 00:00

On 5 September, the city of Colombo awoke to an unusually quiet morning and an uneasy air. Something big was going to happen. The sitting Government may even fall, blood could be spilt. There were fewer vehicles on the roads and the buses had less t

Sustainability now: The flaws of plastic straws

Views - 173 Thursday, 27 September 2018 00:00

We all are used to them since our childhood, we see them every day when we visit a restaurant, bar or buy juice drinks at a grocery store: Plastic straws. Despite being small, they are one of the major contributors to plastic pollution on land and in

Rupee crisis: Mahinda cries “ehi passiko”

Views - 318 Thursday, 27 September 2018 00:00

“Ehi passiko” is a methodological statement in expressed in Pali and attributed to the Buddha. The sage asserted that his Dhamma must be experienced to be proven. “Come and experience” (ehi passiko)! Former President Mahinda Rajapaksa has sai

The camel is a horse designed by a committee

Views - 117 Thursday, 27 September 2018 00:00

This expression has been around for a long time, to deride reports made by committees. There has always been a widespread view that committees are a waste of time and achieve very little of benefit to anyone. This has led to many statements that expr

Of love and struggle: The interconnected feminist movements of South Asia

Views - 329 Wednesday, 26 September 2018 00:05

The last Cat’s Eye column observed all that there is to celebrate in the recent Supreme Court of India’s judgement on Sec. 377, which decriminalised adult consensual same-sex sexual activity in private. We used this ‘magnificent’ decision, wh

Depreciation of the rupee and Sri Lanka’s dilemma

Views - 1861 Wednesday, 26 September 2018 00:00

The rupee depreciated by Rs. 29 from 2005 to 2014 and the average year-on-year depreciation of the Sri Lankan rupee was 2.8% per year. Official foreign reserves increased from $ 2.7 billion to $ 8.2 billion over the same period. In stark contrast, th

Over-tourism: The new buzz word in tourism

Views - 301 Wednesday, 26 September 2018 00:00

Periodically the tourism industry is in the habit of coming up with some interesting name to describe a new emerging trend or situation in the industry. Sometimes the phenomena is not new, but has become relevant and topical enough to ‘package’ a

Accessibility at buildings and places – Indispensable need to enjoy civil rights

Views - 80 Wednesday, 26 September 2018 00:00

Have you not yet realised that the chances are now very high that at any stage or any moment in life, for a short time or for a long time, for different reasons, you or your loved ones could experience physical and/or sensory impediments, and fall in

Southbound rupee and northbound CoL

Views - 157 Tuesday, 25 September 2018 00:00

The Sri Lankan Rupee hit a record low of 170 per $ last week, and the Minister of Finance warns of further depreciation. This is inevitable given the chaotic state of the nation’s economy. While the rupee turns south, CoL (cost of living) has no o

The fate of the rupee: Central Bank is caught with ‘Devil’s Alternative’

Views - 2632 Tuesday, 25 September 2018 00:00

Not all are losing when the rupee depreciates The recent depreciation of the rupee against the US dollar in the market has apparently driven the entire nation to a panic mode. While it had been a field day for the media and opposition law makers, the

Laurels of ‘Living Together’: Refreshing reflections

Views - 328 Tuesday, 25 September 2018 00:00

It was a memorable evening with a mega gathering for a meaningfully different reason. It was not just another book launch with ego-boosting speeches about the author. It was also not an event where a popular politician coming late and preaching about

In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Views - 5250 Saturday, 22 September 2018 00:15

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit

Imran may turn blind eye to blasphemy law and persecution of Ahmadiyyas

Views - 499 Saturday, 22 September 2018 00:00

There are clear signs that Pakistan’s freshly minted Prime Minister, Imran Khan, will make a sincere effort to reduce corruption and maladministration in the domestic sphere. In foreign affairs he is likely to make a brave attempt to mend fences wi

Red flag over the Sri Lankan Navy

Views - 447 Friday, 21 September 2018 00:00

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc

The rate of exchange, capital flight and the Central Bank

Views - 680 Friday, 21 September 2018 00:00

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation

The bald truth about fake news, etc.

Views - 230 Friday, 21 September 2018 00:00

In its most innocent forms, we may all enjoy a bit of ‘fake news’ and go to bed with a lighter heart and clean conscience. A meme on Facebook urging social media consumers to caution – “You can’t believe everything you read on the internet

Withholding Taxes – What, why, when?

Views - 566 Thursday, 20 September 2018 23:05

The tax regime in Sri Lanka historically imposes WHT on both domestic as well as cross border payments. WHT on domestic payments eases revenue collection (e.g.: PAYE) while WHT on cross border payments are adopted by most countries to ensure that the

Modi celebrates birthday whilst making India strong – Lesson for SL

Views - 283 Thursday, 20 September 2018 00:00

The Indian Prime Minister celebrated his birthday earlier this week in the backdrop of India growing at a blistering performance of 7.1%. The January-March quarter saw the highest GDP growth in the last seven quarters with India becoming the sixth la

There is smoke in the eyes of those who do not want to see!

Views - 347 Thursday, 20 September 2018 00:00

Shyamon Jayasinghe, a former citizen of Sri Lanka, now living in Victoria, Australia, writing to Daily FT in a Guest Column article has given an old college try at the President of Sri Lanka by announcing about a cloaked portentous writing on the wal

STEAMing STEM – Moving from horoscopes to telescopes!

Views - 229 Thursday, 20 September 2018 00:00

Walking into an inventors’ exhibition should give one an experience similar to an immersion into the future. The world change with inventions and inventors lead the change. The creativity displayed is an indicator of the creativity of the society f

Maximum Residue Level: Dilemma of agricultural product exporters in Sri Lanka

Views - 235 Wednesday, 19 September 2018 00:00

Due to increased emphasis on consumer health, majority of developed countries such as EU, Japan and the US insist on MRL testing of food items which has to be done by the exporter. The Codex Alimentarius Commission which is an inter-governmental bod

President Sirisena, playing with fire, must take note that smoke will get into his eyes

Views - 379 Tuesday, 18 September 2018 00:00

Penchant for playing with fire President Gamaralalage Sirisena has always had a penchant for playing with fire. He did fire-play at the local government elections when he made a disastrous U-turn and went round country blasting the party and its lea

East Container Terminal blunder: Learn from Chinese

Views - 956 Tuesday, 18 September 2018 00:00

Minister for Ports and Shipping Mahinda Samarasinghe informed the press in August that Cabinet has approved the development of East Container Terminal (ECT) of Colombo Port by the Ports Authority. According to approval: nPorts Authority would develop

Part III of the Central Bank Anniversary Oration Central Bank should play role of a smart wife to mo

Views - 310 Monday, 17 September 2018 00:00

In Parts I and II of this series, it was presented that Central Banks, created by society and not by politicians, have the mandate to preserve the value of money which the public holds on trust. The Central Banks could do so by producing money by usi

Today's Columnists

Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav

Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every

Coup Sri Lanka: some winners, mostly losers

Wednesday, 21 November 2018

As a president proves shockingly stubborn, a nation waits with baited breath as to what His Excellency the loose cannon on a rocky slope will do next. Two Prime Ministers and the fates of their respective parliamentary groups hang in the balance lik

Rising dollar and bank NPA, brothers in arms?

Wednesday, 21 November 2018

The rising Non-Performing Advances (NPA/NPAs) is a matter of concern to the entire financial industry. It is a nightmare. The weekend papers have published some articles based on interviews journalists conducted with respective bank CEOs and also bas

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