The economic benefits of the digital economy

Views - 155 Friday, 24 January 2020 00:00

The digital economy that results from billions of everyday online connections among people, businesses and devices has greatly changed our economic environment in relation to how the government and businesses operate and provide goods and services.

Research and Development: Is it essential for Sri Lanka?

Views - 485 Thursday, 23 January 2020 01:48

Not long ago, on the day of our 71st Independence Day celebrations, the Army for the first time in our history paraded a locally built Multi-Barrel rocket launcher. It was never revealed that the Sri Lanka Army had an R&D wing named Center for Resear

The importance of business incubators for emergence of new businesses

Views - 169 Thursday, 23 January 2020 00:00

The new Government is poised to enter an arena in the development of entrepreneurship in the country which most of the developed countries have succeeded at the initial stages as well as in continuous efforts. The appointment of the new chairman and

Sri Lanka at tipping point ?

Views - 2378 Thursday, 23 January 2020 00:00

Let’s accept it, Sri Lanka is in trouble with the economy growing at +2.6%, exports declining for the fifth month in a row to register a marginal +1% growth, tourism declining by -20% and S&P credit rating at B with Negative Outlook, which sure ind

Our heritage is Kandyan law; not Roman Dutch law as Rathana Thero thinks

Views - 731 Thursday, 23 January 2020 00:00

There were four bills presented by private members to the Parliament on 8 January (one bill is to be presented) which were already advertised in the gazette. They were to repeal the Kandyan Marriage and Divorce Act No. 44 of 1952; to repeal the Musli

Project scope options if the Government wishes to accept the MCC Grant

Views - 221 Wednesday, 22 January 2020 00:35

Cabinet, having approved a proposal by President Gotabaya Rajapaksa to suspend the Millennium Challenge Corporation (MCC) grant agreement, has appointed a four-member committee headed by Dr. Lalithasiri Gunaruwan to study the deal and propose further

Gotabaya proposals, environmentally -friendly power

Views - 1655 Wednesday, 22 January 2020 00:29

A few weeks after being elected as President, Gotabaya Rajapaksa publicised the 76 page document under ‘National Policy Framework, Vistas of Prosperity and Splendour,’ a working document based on his election manifesto. At the inauguration speec

Tourism development and minimum hotel room rate

Views - 543 Wednesday, 22 January 2020 00:11

The Hoteliers Association of Sri Lanka is in a world of its own in requesting the Government to bring back minimum hotel rates. There is no country in the world to our knowledge that governments get involved in fixing hotel room rates. The only coun

Physical security of Sri Lanka nobody spoke about

Views - 270 Wednesday, 22 January 2020 00:04

Year 2019 was the year in which security situation in Sri Lanka received an unprecedented level of attention after those dark days prior to May 2009. Ten years is not a long period in the history of a country, but the average Sri Lankan never expecte

Why not sing the National Anthem in Sinhala and Tamil at the Independence Day celebration?

Views - 360 Tuesday, 21 January 2020 00:00

There is debate whether the National Anthem of Sri Lanka should be sung only in Sinhala or in Tamil as well. Hopefully, this debate and the discussions that are going on will contexualise this issue to what is relevant and best for Sri Lanka, and not

Cultural dynamics and the beauty of multi-ethnic society in Sri Lanka

Views - 145 Tuesday, 21 January 2020 00:00

Modern world is full of multidimensional and multidisciplinary conflicts involving use of physical and psychological violent tools. The panacea for conflict resolution requires revivalist research in the mind of an individual and physical outburst is

Saving Gotabaya

Views - 1041 Tuesday, 21 January 2020 00:00

Nearly two months have passed since Gotabaya Rajapaksa (GR) was elected to the presidency. Although it is too soon to make any informed judgement on his administration, his achievements so far, in improving efficiency and productivity in public admin

Strategic thinking and planned processes key to economic development

Views - 371 Tuesday, 21 January 2020 00:00

Higher education cannot be experienced, nor can it function in isolation from its relevant industries. We need to be aware of the country’s demand for resources and an effective workforce that will support industries to take the economy to the next

2020: Safe has never looked so dangerous

Views - 166 Tuesday, 21 January 2020 00:00

While it was never easier to meet your audience, it is becoming near impossible to buy their attention. In this fearsome digital pandemic, the antidote of creativity is going to be more sought after than ever. The alternative is an invisible and expe

Limping merchandise exports: Gota should not make the same mistakes as the previous governments

Views - 7182 Monday, 20 January 2020 02:20

Sri Lanka’s sluggish export performance Sri Lanka’s merchandise exports have been limping from around 2011. Exports which amounted to $ 10.6 billion in 2011 have changed at a very slow rate since then. During 2011-18, the average annual merchandi

2020 – What will the decade ahead hold for aviation?

Views - 315 Monday, 20 January 2020 02:16

Crystal balls are murky things, and predicting what is ahead for the next decade is fraught with pitfalls. This is especially true in the aerospace industry as there is so little history to go on. As readers of this column are aware, the airline indu

UNP’s leadership crisis, democratic balance and stability

Views - 548 Monday, 20 January 2020 01:12

The UNP is in decline not because it divided, but because its leadership is in a state of advanced deterioration and decay. The party has failed to replace or separate itself from the incubus of its hopelessly out of touch and durably unsuccessful Ol

Role of private sector in climate change mitigation

Views - 96 Monday, 20 January 2020 00:00

We Sri Lankans, similar to those in other developing countries, prefer to leave a lot of things to the State. When something goes wrong we say “there ought to be a law” or “Government should take of these things”. However, climate change is a

US-Iran standoff could hurt South Asia

Views - 265 Saturday, 18 January 2020 00:05

The killing of the second most powerful leader in Iran by the US military a few days back immediately resulted in investors fleeing away from volatile assets and also helped to destabilise the region once again. The US could very well find itself wit

Tea and Empire

Views - 272 Saturday, 18 January 2020 00:02

For more than a century, tea has been a major stay of our economy; a primary earner of foreign exchange, an income source for many thousands. Like all commercial crops organised as labour intensive plantation industries, earnings range from the lavi

Is assisting Election Commission a disqualification to serve on ICTA Board?

Views - 929 Friday, 17 January 2020 00:10

I was saddened by the criticisms of the suitability of two of the current directors of the ICT Agency Sanjiva Weerawarana, Wasantha Deshapriya to hold office because they had assisted the Election Commission develop its technology capabilities on th

Nudity exposed

Views - 1376 Friday, 17 January 2020 00:09

The collection of recorded telephone conversations of Ranjan Ramanayaka can be said to have become a kind of collection of short films that reveal the degeneration of the entire institutional system of the country while conveying the message of it to

Powering Sri Lanka through renewables: The floating solar opportunity

Views - 821 Friday, 17 January 2020 00:08

January is here; the season CEB talks up power shortages to ask for emergency power, with a fresh push to get more coal power projects approved. The grid has not improved since last year we saw this drama, apart from rooftop solar additions – whic

In search of a virus guard: Quarantine greed and corruption in finance

Views - 347 Friday, 17 January 2020 00:07

An eminent economist; Prof. W.D. Lakshman has been appointed as the new Governor of Central Bank of Sri Lanka. At the outset, President Gotabaya Rajapaksa seems to carefully select professionals to lead the poorly managed State-owned institutions in

Tea industry has the power to ignite economic resurgence for new Govt. led by Gotabaya Rajapaksa

Views - 296 Friday, 17 January 2020 00:06

In order to make use of the opportunities rampant in the world consumer preferences and to meet such demands by producing quality controlled products at profitable and competitive levels, the overall tea industry must be looked at from a different pe

Watchdog to watch the watchdog

Views - 201 Friday, 17 January 2020 00:00

For a small time investor starting to be involved in the Sri Lanka stock market this year, 2020, the starting point is to carry out research into the companies and to identify the opportunities available (or where we could have an arbitrage gain). T

YouTube: No. 3 channel with 6.5 million viewers

Views - 1193 Thursday, 16 January 2020 00:23

Latest media insight on Sri Lanka reveals that almost 6.5 million people can be reached via the YouTube channel and is currently in third place on reach, next to Derana and Hiru TV channels. This has resulted in brand marketing companies having to mo

Why foreign earnings could solve the debt problem

Views - 275 Thursday, 16 January 2020 00:01

It was heartening to note that some have read my recent book, although some feedback was critical about some of the contents. “Why do you say external current account deficit is more important than fiscal deficit? Aren’t those two linked anyway?

Are we a zero-sum economy?

Views - 139 Thursday, 16 January 2020 00:00

It is very probable that we have been heading towards a zero-sum economy since the first industrial revolution in 1760. Although demand and supply existed long before the industrial revolution, countries, and regions and brands have sought to gain an

Use resources wisely and change the economy to circular – A call to arms

Views - 188 Thursday, 16 January 2020 00:00

Sri Lanka has a debt of $ 4.8 b to repay this year and this is an enormous burden, to say the least. When we see the income from products in the export basket we should be able to understand that this task has to be achieved after compromising quite

Today's Columnists

Sri Lankan housewife in trouble again?

Wednesday, 19 February 2020

After almost six quarters of negative growth, starting from Quarter 1 2016, Sri Lanka saw overall general trading conditions recovering to register +4.1% GDP growth in Q1-2019 and +3.7% in Q2-2019 which was a welcome sign to a typical Sri Lanka hous

Their investigations and our investigations

Wednesday, 19 February 2020

There must be very few subjects in this country more investigated than the alleged wrongdoings in relation to Government issued bonds. Beginning with the so-called Pilipino committee (appointed by persons whose very conduct was germane to the inquir

Education and vocational training: lessons learnt from Singapore

Wednesday, 19 February 2020

In the 1960s, Lee Kuan Yew, the eminent leader and founding father of Singapore, once said that he wants to build Singapore as Sri Lanka. But what has happened today? Sri Lanka is lagging behind Singapore in many aspects. Singapore has no natural res

Bringing the State closer to the people

Wednesday, 19 February 2020

The manifesto of the winning candidate in the 2019 Presidential Election, ‘Vistas of Prosperity and Splendour,’ is now the governing policy framework of the Government. In Chapter 6, ‘A technology-based society,’ it commits to establishing n

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