Dinesh Weerakkody

President Sirisena’s opportunity ahead in 2018

Views - 380 Friday, 29 December 2017 00:00

8 January 2018 will mark three years since Maithripala Sirisena was elected Sri Lankan president, after defecting from the Cabinet of his predecessor, Mahinda Rajapaksa.


Paving the way for a digital economy

Views - 269 Friday, 22 December 2017 00:00

The new economy has greatly changed our economic environment in relation to how the Government and businesses operate and provide goods and services,


2017 a decisive year; what’s in store for 2018?

Views - 243 Friday, 15 December 2017 03:39

‘Creating a Shared Future in a Fractured World’ is be the goal of the World Bank and the IMF in 2018. In the last 12 months the global...


When people get spun by internet rumours

Views - 175 Friday, 8 December 2017 00:00

Many stories doing the rounds on the internet a few weeks ago said the beginning of the end for the current regime was underway. In fact some of them quoting the former President predicted that the days of the Unity Government being in power were num


Govt. on firm ground, but needs to grow up

Views - 525 Friday, 1 December 2017 00:54

There was heavy speculation in some quarters following the President’s statement in Nikaweratiya last week that rocked the political and diplomatic circles and also DBS Jeyaraj writing in an article indicating that President had wanted Ranil Wickre


Celebrating top business performance

Views - 294 Friday, 24 November 2017 00:00

On Monday, awards to the top rankers of Business Today Top 30 – Best Banks and Companies were presented by Prime Minister Ranil Wickremesinghe. The annual Business Today awards ceremony organised by Business


The Blue Green Budget of the Unity Government

Views - 263 Friday, 17 November 2017 00:10

The Budget proposals of the Unity Government under the theme ‘Blue Green Budget’ for the fiscal year 2018 are expected to support the achievement of medium-term targets such as Per Capita Income of $ 5,000


Govt. should put aside short-term calculations

Views - 211 Monday, 6 November 2017 00:00

On the 8 January 2015, the shock electoral defeat of Mahinda Rajapaksa by his former ally, Maithripala Sirisena, rescued Sri Lanka from a slide into increasingly nationalist authoritarianism.


You can’t make an omelette without breaking eggs

Views - 376 Friday, 27 October 2017 00:00

Singapore has become a hotspot known for its efficient infrastructure. Often dubbed as the ‘Monaco of the East,’ the red dot has beaten a path to steady economic progress and prosperity since the 1970s.


Labour shortage in key sectors: Govt. needs to be flexible

Views - 326 Friday, 13 October 2017 00:00

According to Ruchir Sharma, the author of ‘The Rise and Fall of Nations’, among the ten most important things to look at to see whether a country is rising or falling is its talent pool, i.e. is the manpower pool growing?


Debt repayments, Sri Lanka’s biggest nightmare

Views - 749 Friday, 6 October 2017 00:00

When the ambitious Belt and Road initiative – with projects reportedly worth $1 trillion – was first announced by President Xi Jinping in the autumn of 2013, many were sceptical of this Chinese move aimed at building up economic connectivity of 6


Improving bank and finance company governance in Sri Lanka

Views - 597 Friday, 29 September 2017 00:00

The dust is yet to settle on the collapse of CIFL and the Ceylinco Group’s Golden Key credit card company. Many of its depositors are still awaiting settlement of their dues.


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

Views - 290 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


Digital disruption – the big bang for leaders

Views - 391 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


Government must win back public confidence

Views - 251 Friday, 8 September 2017 00:00

The President and Prime Minister sat down together this week at the BMICH to answer questions from the public. It was a good show for the Coalition Government. But, ironically today people measure their leaders by action not by what they say in publi


Sri Lanka needs more women in the workforce

Views - 558 Friday, 1 September 2017 00:00

The current female labour force participation in Sri Lanka is around 36%. This means that a disproportionate majority of women still remain outside the labour market, with limited or no access to wages, pensions and other benefits tied to gainful emp


The nation must focus on accomplishing something worthwhile

Views - 682 Friday, 25 August 2017 00:00

The Government has been in office for two years, and its agenda to many people still seems to be disconnected from the hopes and expectations of those who elected it to office on the promise of good governance. However the Government needs to be c


When political power is wielded by a small elite

Views - 1328 Friday, 18 August 2017 00:00

How did some nations, like a Japan, China, United Stated, become wealthy and powerful, while others remain stuck in poverty? And why do some of those powers, from ancient Rome to the modern Soviet Union, prosper for periods and then collapse? Pol


Black money and the war on cash; the challenge for the Government

Views - 1363 Friday, 11 August 2017 00:00

Last year India in an effort to combat corruption, tax evasion and counterfeiting, withdrew all 500 and 1,000 rupee banknotes from circulation. Many international bankers argue with me that India failed miserably in its demonetisation effort.&nbs


A National Economic Council to override the CCEM; or what?

Views - 2270 Friday, 4 August 2017 00:00

President Maithripala Sirisena submitted a Cabinet Paper last week seeking approval to appoint a new National Economic Council (NEC) under his purview to take key decisions on all the economic and development projects of the Government. The Presid


Should the BOI be shut down?

Views - 2225 Friday, 28 July 2017 00:10

Justice Minister Dr. Wijeyadasa Rajapakshe very boldly stated at the Sri Lanka Economic Summit on Wednesday that the Board of Investment should be shut down. The BOI is the PM’s brainchild and an offshoot of the GCEC.  Wijeyadasa went


Quality of leadership key to performance

Views - 2080 Friday, 21 July 2017 00:10

Steve Jobs, Henry Ford and Lee Kuan Yew. What did these titans have in common? They had a clear vision of the future, and the leadership skills to manifest the future they desired. They also surrounded themselves with great people; delegated autho


Why FDI must be pursued with greater vigour

Views - 2057 Friday, 14 July 2017 00:00

Last week a TV channel and a newspaper highlighted that a project that had been submitted for approval to the BOI had been approved without proper assessments being done. This type of negative publicity can result in the credibility of the BOI and


Taking back control of the country

Views - 2189 Friday, 7 July 2017 00:08

    The President this week said that anyone watching TV would feel there is no government. While some people may argue that it is a creation of some sections of the media and the opposition, some others would sa


What good HR can do for a firm – public or private

Views - 2598 Friday, 30 June 2017 00:05

Great Place to Work Institute on Wednesday for the fifth consecutive time recognised some of the best work places in the country.  The keynote speaker bestselling author Bob Lee expressed his surprise at the extent to which the best work pl


Education allocations must target youth unemployment

Views - 2584 Friday, 23 June 2017 00:00

There is now a commitment to increase the number of students entering universities by 2020 and also to allocate more funds for vocational training.  The current intake into government universities is around 25,000 per year. Nearly 60% (150,


The future of Sri Lankan exports

Views - 3314 Friday, 16 June 2017 00:10

Foreign Minister Ravi Karunanayake speaking at the FT Forum ‘Grow with Giants’ on Wednesday said Sri Lanka’s exports have dwindled due a lack of competitiveness over the years, from $ 17 billion to $ 11 billion and that there is


Ven. Athuraliye Rathana Thero on a collision path with Govt.

Views - 3406 Friday, 9 June 2017 00:00

MP Ven. Athuraliye Rathana Thero, a key architect of the 8 January revolution, said his dreams to get good and valuable things done from the present Government were shattered and he is now left with only one dream, and that is to prevent the Gover


Swift response needed for flood relief to minimise the fallout

Views - 3240 Friday, 2 June 2017 00:07

With Sri Lanka facing the worst-ever floods in 27 years, the Sri Lankan economy has begun to feel the pinch of climate change. The Government immediately appealed for foreign assistance to recover from the floods that caused an estimated Rs. 300 b


A Cabinet reshuffle must be done with a clear purpose

Views - 4125 Monday, 22 May 2017 00:02

The President and Prime Minister must make changes in the best interests of the country  By Dinesh Weerakkody Events, as they say in politics, have conspired to force the President to reshuffle his Cabinet, to sharpen Government and


Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“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


Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

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


Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

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


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

Wednesday, 17 October 2018

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


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