Dinesh Weerakkody

The Blue Green Budget of the Unity Government

Views - 258 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 - 369 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 - 320 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 - 714 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 - 564 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 - 285 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 - 386 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 - 249 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 - 522 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 - 679 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 - 1324 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 - 1355 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 - 2244 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 - 2217 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 - 2074 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 - 2050 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 - 2186 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 - 2591 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 - 2581 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 - 3296 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 - 3396 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 - 3237 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 - 4121 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


Sri Lanka’s debt situation: Getting better or what?

Views - 4172 Friday, 19 May 2017 00:00

The external financing situation for Sri Lanka is certainly a big worry for both the Government and the private sector. This is largely due to monstrous financial profligacy of the past not yet fully explained. However it is also due to a large tr


Overall governance in the financial sector

Views - 4343 Friday, 5 May 2017 00:10

The world-renowned HR guru Prof. Dave Ulrich, speaking to a group of board executives, said that every board is responsible for governing its firm in the best interest of the shareholders and other stakeholders. They are responsible for their acti


Govt. needs to move on post-GSP+ to excite the electorate

Views - 4377 Friday, 28 April 2017 00:00

The GSP+ going through is no doubt a big victory for Sri Lanka given the many challenges the Government has been facing in the last few months and the negativity surrounding it. The Prime Minister needs to be congratulated for his efforts to resto


Financial sector needs to be future-ready to ride the next wave

Views - 4825 Friday, 21 April 2017 00:00

Prime Minister Ranil Wickremesinghe has said many times that Sri Lanka needs a new phase of economic transformation to keep pace with the major changes in global and regional growth.  The proposed Colombo Port City project according to the


Boosting exports a solid way to get out of our debt crisis

Views - 5135 Friday, 31 March 2017 04:59

Sri Lanka’s debt has increased from Rs. 7.3 trillion to Rs. 9.4 trillion in the last two years, with domestic rates moving up from 6% to 10.74%. On a domestic portfolio of Rs. 4,277.8 billion there would be an additional cost of around Rs. 2


Jobs and no takers, or what?

Views - 5327 Friday, 24 March 2017 09:49

IT and Commerce Minister of Telangana State Minister Rama Rao speaking at the Sri Lanka Human Capital Summit in Colombo said that the Telangana Academy for Skill and Knowledge created a platform between Government, academia and industry t


Today's Columnists

DMK Chief “Kalaignar” Karunanidhi excelled as a Tamil film script writer

Saturday, 18 August 2018

Muttuvel Karunanidhi, known to the Tamil-speaking world as “Kalaignar” (artiste), passed away at the age of 94 in Chennai on 7 August. Karunanidhi had been Chief Minister of India’s Tamil Nadu state for a total of 19 years. He was Chief Ministe


Bangladesh could be a happy hunting ground for Lankan entrepreneurs

Saturday, 18 August 2018

Bangladesh has traditionally been hospitable to Sri Lankan entrepreneurs and fortunately, the traditional friendliness has not given way to arrogance with the country’s growing prosperity. This was acknowledged at a meeting of Sri Lankan entreprene


Warriors who fight for a larger purpose

Friday, 17 August 2018

Are women more naturally inclined to cooperation than men? Sulochana Sigera’s impassioned statement at last week’s Women in Management Awards seemed to suggest so. Addressing the under-representation of women decision-makers, Sigera pointed to th


Do we sink or swim? No Michael, row the boat ashore!

Friday, 17 August 2018

Why Sri Lanka needs to strengthen geopolitical ties to be a competitive global economy by 2030


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