Finishing the job of ending poverty in South Asia

Views - 112 Thursday, 18 October 2018 00:00

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B

1/3 of your training budget should be spent on developing leaders for boosting corporate performance

Views - 158 Wednesday, 17 October 2018 00:00

“Great companies spend an average of 32% of their training budget on leadership development.” – Brandon Hall’s leadership survey The highest Return On Training Investment (ROTI) comes from helping your managers sharpen the leadership skills

Economy in disarray, banks flourishing; can this be true?

Views - 755 Wednesday, 17 October 2018 00:00

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel

Responsible water stewardship in Sri Lanka

Views - 222 Wednesday, 17 October 2018 00:00

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines

Depreciating rupee: Avoiding a money-go-round

Views - 746 Wednesday, 17 October 2018 00:00

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U

Australian Labor Party Action Plan and takeaways for Sri Lanka

Views - 123 Tuesday, 16 October 2018 00:00

The Australian Labor Party (ALP) launched its Fair Go Action Plan recently, highlighting the following eight points: nTo get the government and the economy working for the people. nTo put people first. nTo get country’s priorities back. nTo fix

The process that brought in the new Chief Justice is a Yahapalanaya achievement

Views - 447 Tuesday, 16 October 2018 00:00

Cheers to Chief Justice Dep! We saw Justice Priyasad Dep come and now we see him going into retirement. The fact that a judge cannot get an extension is also sacrosanct; because if that was permitted it could lead to abuse, with judges giving decisi

Falling rupee and sliding economy

Views - 345 Tuesday, 16 October 2018 00:00

The Central Bank (CB) seems to have given up its effort to defend the depreciating rupee. Not that it does not want to but that it cannot because there are no more reserves to gamble with. The CB, however, is trying to put a positive spin on the surr

The fate of the rupee: Time to stop playing the ‘blame-excuse-blame games’

Views - 5116 Monday, 15 October 2018 01:27

As I have presented in a previous article titled ‘Rupee’s Sad Destiny of One-way Journey to Depreciation’ (available at:, it has been a historical tragedy

What is inflation targeting?

Views - 291 Monday, 15 October 2018 01:26

“Given that Sri Lanka is a twin deficit country, in terms of budget deficit and current account deficit, the chances that Sri Lanka attracting new money at this juncture is very minimal indeed.

Liberalisation of shipping: Fact or fiction?

Views - 477 Monday, 15 October 2018 00:00

Sri Lanka’s Finance Minister Mangala Samaraweera wrapped up the 2018 budget debate promising to end the country’s ‘nanny state’ approach, and expressed his determination to press ahead with radical liberalisation.

Rwanda: An inspiration for Africa

Views - 1060 Monday, 15 October 2018 00:00

Rwanda, one of the fastest growing economies in the world, the Singapore of Africa as it’s referred to, is rebranding itself as an economic miracle.

Flip-flopping in Maldivian politics makes prediction difficult

Views - 88 Saturday, 13 October 2018 00:10

It is said that politics is the art of the possible. In other words, politics is about what is possible and opportune, and not necessarily what is best or morally right. Maldivian politics and institutional functioning exemplify this, with opportunis

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

Views - 389 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 - 501 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 - 394 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 - 496 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 - 261 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 - 159 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 - 476 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 - 799 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 - 297 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 - 323 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 - 272 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 - 1166 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 - 210 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

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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