FT View

Trade assistance packages

Views - 14 Wednesday, 22 November 2017 00:00

On the road to liberalisation, some companies will become winners and others losers. For the latter the Government has promised a Trade Adjustment Package (TAP) that may ease the pain of evolving into a different


Power problems

Views - 17 Tuesday, 21 November 2017 00:00

To an exasperated public it sometimes feels that plans and policies are made in Sri Lanka only to be broken.


Fixing SOEs

Views - 30 Monday, 20 November 2017 00:00

The listing of non-strategic State Owned Enterprises (SOEs) could begin in the first six months of next year, according to a top Government official. However, broadening reform will be a hard but necessary step.


Return of liberal ideals

Views - 36 Saturday, 18 November 2017 00:46

Tourism is often cited as a golden goose industry for Sri Lanka. Since the end of the war in 2009 the industry has boomed, delivering double digit growth and earned $3 billion at the end of last year.


New solutions to old age

Views - 54 Friday, 17 November 2017 00:00

One of the goals of the Government’s revamped tax policy is increasing revenue so that it can provide a strong social welfare network to its people,


The flip side of EV

Views - 53 Thursday, 16 November 2017 00:08

Budget 2018 has good news for the environment. Key proposals introduced plans to phase out all fossil fuelled vehicles by 2040 and replace them with electric vehicles. Indeed the Government will be fast tracking this process by providing tax concessi


Financial management

Views - 56 Wednesday, 15 November 2017 00:00

The Government is made up of hundreds of institutions, departments and ministries that are essentially tasked with managing public assets but clear oversight is often missing, resulting in public funds being mismanaged or going astray.


Bittersweet taxes

Views - 52 Tuesday, 14 November 2017 00:00

The Government has proposed increasing the tax on sweetened drinks, aiming to expand its current colour


Women to the fore

Views - 30 Monday, 13 November 2017 00:32

Despite women making up about 52% of the population, Sri Lanka has repeatedly had extremely limited women’s representation in politics with less than 5% of women in Parliament.


The up effect

Views - 20 Saturday, 11 November 2017 00:23

Budget 2018 unveiled on Thursday had special focus on promoting female entrepreneurship and providing avenues for women to enter the female workforce, even giving preferential access to capital through a new Development Bank the Government plans to e


Fuel chaos

Views - 61 Friday, 10 November 2017 00:00

As fresh fuel stocks reach Sri Lanka’s sun-dappled shores and snaking fuel lines shorten, the time has come to have a candid and transparent look at why the crisis happened and why it was allowed to get so out of hand.


Keeping it simple

Views - 39 Thursday, 9 November 2017 00:00

Budget 2018 will be presented today in what many hope will be a deviation from previous editions, namely, that the Government will stick to its already outlined policies in V2025 and give achievable streamlined goals that will be


Cities to the fore

Views - 27 Wednesday, 8 November 2017 00:00

Cities are the next hotspot for global development. Prime Minister Ranil Wickremesinghe believes that Sri Lanka, and Colombo in particular can use this trend to gather more investment and expand as a maritime, logistics and economic hub for South Asi


Growth in provinces

Views - 61 Tuesday, 7 November 2017 00:00

One of the biggest challenges to Sri Lanka’s growth is its unequal distribution. In the latest Central Bank report on provincial GDP, the Western Province continues to be the biggest contributor, with other provinces lagging behind significantly. G


Reconciliation beyond Constitution-making

Views - 38 Monday, 6 November 2017 00:00

Last week top politicians across the party divide gathered in Parliament to debate the interim report on proposals for the eventual formation of a new Constitution.


Making LGs matter

Views - 19 Friday, 3 November 2017 00:00

As the Local Government Election race gets set to begin in earnest there is renewed need for them to prove that they are worthy of public trust. According to the latest gazette notification, which was signed by Local Government


Credible claims

Views - 18 Thursday, 2 November 2017 00:00

As the countdown begins for elections, debates on the economy will become one of the key policy platforms for the different political campaigns of various parties. Therefore it becomes all the more imperative to have independent evaluation on claims,


Campaign finance

Views - 40 Wednesday, 1 November 2017 00:00

Transparency International Sri Lanka (TISL) has become the latest organisation to join election watchdogs calling for transparent and controlled spending on election campaigns. As elections edge closer it has become ever more


Saving the indebted

Views - 36 Tuesday, 31 October 2017 00:00

The high level of indebtedness in the north that had been flagged by stakeholders for many months is finally getting attention but it is imperative that solutions are fast-tracked to prevent a social catastrophe. Central Bank Governor Dr. Indrajit C


Electronic IDs and privacy

Views - 45 Monday, 30 October 2017 00:00

Last week the Government unveiled the Electronic ID cards, or eNICs, that will hold a plethora of information and potentially be used to track everything from financial information to where citizens live.


Getting R&D right

Views - 31 Saturday, 28 October 2017 00:22

Research and Development (R&D) is set to get a new lease of life in Budget 2018 but this segment deserves a closer look. One of the biggest hurdles for this process is the disconnected R&D programs of universities and other bodies that do not target


Climate resilient infrastructure

Views - 39 Friday, 27 October 2017 00:00

Battered by multiple devastating floods and drought, the Government has focused heavily on disaster management but climate change also demands more long-term policies such as building climate resilient


Stalled public transport

Views - 41 Thursday, 26 October 2017 00:00

Sri Lanka has seen a renewed discourse on how it can increase its labour component into different segments of the economy. Last week the Government outlined plans to limit three-wheelers on the assumption that it would reduce productivity and increas


Dealing with battery waste

Views - 39 Wednesday, 25 October 2017 00:45

As fleets of electric cars grow around the world, countries, especially smaller developing ones like Sri Lanka, are faced with the challenge of attempting to recycle their batteries and make the vehicles truly sustainable.


Proud to be included

Views - 261 Tuesday, 24 October 2017 00:00

It doesn’t take years of painstaking research to see that Sri Lankan society is deeply divided along lines of language, religion and culture. Apart from the obvious ethno-religious differences, the populace is also fragmented along lines of caste (


Getting the fight against poverty right

Views - 47 Monday, 23 October 2017 00:18

Household income and expenditure is perhaps the best and most transparent litmus test for an economy. Sri Lanka, caught between moderate real growth, low entrepreneurship, high inflation, complicated tariff systems and inconsistent policies, faces an


Counting jobs

Views - 70 Saturday, 21 October 2017 00:00

A key pledge of the Government, particularly the United National Party (UNP), is to create one million jobs by 2020. Employment is one of the most important measurements of economic growth and perhaps the most tangible one, making it imperative to ha


Regulating three-wheelers

Views - 110 Friday, 20 October 2017 00:00

Many consider the humble three-wheeler to be a menace to society and an indication of the youth of this country choosing cushy self-employment over hard work.


Spotlight on misogyny

Views - 45 Thursday, 19 October 2017 00:00

The past few days have seen the #MeToo movement take social media by storm, with women from all walks of life sharing their stories of abuse and sexual harassment. The hashtag, which was created by Hollywood actress Alyssa Milano in the wake of the H


Alleviating poverty

Views - 45 Wednesday, 18 October 2017 00:00

Poverty is an issue that plagues Sri Lanka and has been the topic of much debate over the years. Successive governments have always painted rosy pictures of the country’s improving situation which it reinforces through numbers that clearly fail at


Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


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