Do economic sanctions matter to Iran?

Views - 159 Tuesday, 26 September 2017 00:00

Economic sanctions are not a new phenomenon to Iran. It has been 38 years since the Iranian revolution (1979) took place. Since then, the United States, European Union and some other countries have been imposing

Sustainable tourism – New profit for businesses

Views - 184 Tuesday, 26 September 2017 00:00

World Tourism Day has been celebrated since 1980 on 27 September, the day in which the Statutes of the World Tourism Organization (UNWTO) entered into force.

Women for tourism

Views - 246 Monday, 25 September 2017 00:00

Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.

It is an uphill task for the Govt. to attain the envisaged targets

Views - 691 Monday, 25 September 2017 00:00

In Part 1 of the article series on the Government’s Vision 2025 published last week, it was pointed out that the present vision document was just the fourth of such visions pronounced by the Government during the last two year period.

Turkey could be an additional player in South Asian affairs

Views - 99 Saturday, 23 September 2017 00:59

With improvement of ties with Bangladesh after the standoff over the 1971 war crimes trials, and with the strengthening of relations with Pakistan, an economically resurgent and politically ambitious Turkey may become a factor in South Asian affairs

Rise of sustainable electric automobiles and the end of petrol and diesel vehicles

Views - 255 Friday, 22 September 2017 00:00

The past three years have been the hottest in recorded history and 2017 is already projected to be hotter than 2016! The cause for this heating up of the planet is clearly due to the excessive burning of fossil fuels.

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

Views - 260 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

Media Freedom: alive and not so well… is it?

Views - 161 Friday, 22 September 2017 00:00

Today the only corpses in sight are those lining the bullpen – critics and social commentators who have fallen asleep at their desks, lulled by a democracy that offers peace but pre-empts justice. Oscar Wilde,

Simple, sector-specific IoT solutions to drive economic value in Sri Lanka over the short term

Views - 204 Thursday, 21 September 2017 00:00

The Internet of Things, or IoT, is the next technological revolutionpoised to change the way we, and everything around us, communicate and interact. Management consultant company McKinsey forecasts that IoT will generate up to $11trillion a year in e

CEB engineers and power generation proposals

Views - 201 Thursday, 21 September 2017 00:00

Future electricity supply to the country is sitting on a time bomb. Since latter part of 2016, expected rainfall failed to arrive and the rainfall in 2017 was worse. Meanwhile 3x300 MW capacity Norochcholai power plant’s generators failed to operat

Think, speak, walk and act with purpose!

Views - 195 Thursday, 21 September 2017 00:00

As a nation we are perhaps positioned within a time period where we need our population to act with purpose rather than with discord. We currently appear to find solace in distress and appear to be a nation in waiting for trouble with all the news al

Why are interest rates high?

Views - 593 Thursday, 21 September 2017 00:00

The general public is concerned about the high level of interest rates prevailing in the recent past. Interest rates influences the day-to-day life of ordinary people as it is the benchmark for all economic decisions.

Why Sri Lanka needs more entrepreneurs

Views - 404 Wednesday, 20 September 2017 00:00

Following the end of a near three-decade civil war, Sri Lanka was primed for rapid economic growth. Buoyed by post war optimism the country’s economy surged ahead from 2009 onwards amidst adverse development and slowdown in the global economy.

Some thoughts on ‘Vision 2025: A Country Enriched’

Views - 236 Wednesday, 20 September 2017 00:00

Recently, our Government unveiled a forward plan titled: ‘V2025: A Country Enriched’. It spells out the Government’s economic vision for many relevant areas, including development plans for our human resource.

Dream or nightmare?

Views - 258 Wednesday, 20 September 2017 00:00

An air of unreality pervades the country. What you see is not what it is; fact, truth, reality - mere words, having no intrinsic meaning. An illusion shrouds another illusion; a maya merely hides another ‘maya’, a bottomless pit of deception.

Why are interest rates high?

Views - 463 Wednesday, 20 September 2017 00:00

The general public is concerned about the high level of interest rates prevailing in the recent past. Interest rates influences the day-to-day life of ordinary people as it is the benchmark for all economic decisions.

Government has accepted jurisdiction of the International Court of Justice over Sri Lanka

Views - 523 Tuesday, 19 September 2017 00:00

At the ongoing September 2017 sessions of the UN Human Rights Council, the UK has written to the President of the Council to assert that a long standing dispute it has with the Mauritius cannot be referred to the International Court of Justice becaus

Venerable villainy of mercenary monks

Views - 278 Tuesday, 19 September 2017 00:00

The picture says it all. The ‘Silredi Sirakaruwan Mudaganime Aramudala’ was not demonstration of piety. It was a bold repudiation of the rule of law by a cabal of venerable villains, brazenly insisting that we Sinhala Buddhists submit to a rule b

Is Sri Lanka ready for the 2025 growth agenda?

Views - 357 Tuesday, 19 September 2017 00:00

The other day the President and Prime Minister launched the 2025 vision for Sri Lanka which was incidentally the third policy statement of the Government since coming to power in 2015. My view is that the continuous changes to policy is important and

Vision 2025: Part 1: Need for moving from a wish list to a concrete plan

Views - 1131 Monday, 18 September 2017 01:14

The Unity Government released its newest economic policy statement titled V2025 – the marketing tag for the goals it has set for realisation from 2017 to 2025 – two weeks ago.

Reforms Sri Lanka needs to boost its economy

Views - 254 Monday, 18 September 2017 01:02

Many Sri Lankans understand the potential benefits of lowering trade costs and making their country more competitive in the global economy. The majority, however, fear increased competition, the unfair advantage of the private sector from abroad and

Engaging employees in a disruptive environment

Views - 363 Monday, 18 September 2017 00:08

I had yet another memorable visit to Tamilnadu. For the second time, I was invited to be one of the speakers at the Annual Conference of the National Institute of Personnel Management (NIPM), India. I received much warmth of Chennai people. Represent

Maldivian envoy refutes contentions about growing Islamic radicalisation

Views - 431 Saturday, 16 September 2017 00:01

The Maldivian Ambassador-designate in Sri Lanka, Mohamed Hussain Shareef, has strongly refuted contentions by the opposition Maldivian Democratic Party (MDP) and the US Acting Assistant Secretary of State for South and Central Asia, Alice G. Wells, t

The abortion debate: Mismatched and misplaced?

Views - 249 Saturday, 16 September 2017 00:01

I once came into contact with a woman on account of a professional relationship we had. We had met to discuss her prolonged absence from work. With a reserved demeanour and a soft voice, she claimed that she had to run her father’s shop back home a

China is Sri Lanka’s biggest source of FDI, but there is room for more

Views - 430 Friday, 15 September 2017 00:00

Chinese investment in Sri Lanka has grown significantly in the last five years but it continues to remain low as a share of GDP and in comparison to other countries in the region.

Digital disruption – the big bang for leaders

Views - 321 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

Powerful zealots and the prisoners of Zen

Views - 166 Friday, 15 September 2017 00:00

I have been thinking about prison and their inmates a lot recently. Not because it is the pleasantest of subjects. But because I have been bombarded by media, social media, and antisocial elements on the subject. And I’m beginning to smell a rat. O

Are we bowling without umpires again? (Flight version)

Views - 167 Thursday, 14 September 2017 00:00

I plagiarised this title from myself, bear with me for the repetition. It fits so well that I did not bother to create a new heading to tell a repetitive story.

Sri Lanka’s Electronic National ID carries serious risks

Views - 661 Thursday, 14 September 2017 00:00

According to a news report, the Department for Registration of Persons (DRP) is to issue a new ‘smart ID’ within the next two months.

Automation, machines replacing humans and what’s in store for Sri Lanka

Views - 383 Thursday, 14 September 2017 00:00

Automation has been playing an increasingly important role in improving efficiency and reducing costs in many industries and sectors. It has also been sought after for addressing the challenges of skills shortage in certain industries while also thre

Today's Columnists

Bringing beedi into tax net can yield Rs. 40 b in revenue

Tuesday, 24 October 2017

Last week, the Financial Times quoted an AFP article that stated Sri Lanka will start regulating the toddy industry to boost tax revenues from the informal sector. This same principle should be applied to the beedi trade, which has also grown unabate

Grade 5 Scholarship examination and the future of the country

Tuesday, 24 October 2017

The Grade 5 scholarship examination results have been released recently. Although this is known as the “Mothers’ exam,” the mentality of the children can be well articulated when children come from the examination halls after the exams. Today w

Need for tax reforms: Government should not lose it this time but go for them early

Monday, 23 October 2017

In the first economic policy statement, Prime Minister Ranil Wickremesinghe made a number of pledges related to taxes and tax reforms. One was that the Government would review whether the tax concessions given to investors have really delivered the e

Lessons from Geneva

Saturday, 21 October 2017

‘Mission Impossible – Geneva’ is an inspiring account of developments at the Human Rights Council in Geneva when Dayan Jayatilleka was our Permanent Representative there. It is written by his wife Sanja, which provides for fascinating insights

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