In Depth

CSR: Proper perspective and doing it right

Views - 8484 Tuesday, 14 October 2014 00:50

By Tyron Devotta Sri Lanka’s first-ever CSR Conference took place last week, with some of the top corporates in the country attaching their names as strategic partners and sponsors of the event. Some of the names included Dialog, Holcim, Microsoft

How important is the role of an independent director?

Views - 8078 Monday, 4 August 2014 00:03

By Shabiya Ali Ahlam While a handful of independent directors are observed to be diverting from their mandated responsibilities, the regulators have continuously emphasised the need for those holding such responsibilities to realise their true role.

TSR turnarounds are leading value creators since global financial crisis

Views - 4936 Monday, 4 August 2014 00:00

Companies that delivered superior Total Shareholder Return after a period of below-average TSR performance are heavily overrepresented in BCG rankings of the top 10 value creators in 26 industries Some of the most successful value creators sinc

Microinsurance in Sri Lanka: Where is it heading?

Views - 12985 Monday, 7 July 2014 00:12

By Shabiya Ali Ahlam Insurance starts with trust. But trust is greatly won by the wealthy segment and not the poor, who are the most vulnerable to shocks of different natures and are in need of a safety net for their livelihood to continue. Althoug

Transforming family-owned businesses: What does it take?

Views - 9263 Thursday, 22 May 2014 00:43

By Kinita Shenoy Most family-owned businesses revolve around their founders. Their values set the example and the tone. Their words carry gospel-like weight. Understandably, it was their wisdom along with their blood, sweat and tears that built them

Top heads of banks have their say on consolidation

Views - 6745 Tuesday, 20 May 2014 00:01

By Shabiya Ali Ahlam Top heads of the financial sector were recently brought on to one platform to share their thoughts on the widely-discussed topic of consolidation. With financial sector consolidation being the hot topic in the industry at prese

A journey that epitomised the power of human spirit

Views - 44854 Wednesday, 22 January 2014 00:02

By Sarah Hannan With the Trail Cancer Hospital being open to the public at the Tellippalai Base Hospital, the people of the north now have better access to a state-of-the-art treatment centre in the heart of the Jaffna District. We arrived at the T

CEO confident of SriLankan Airlines’ route to profitability

Views - 41871 Monday, 30 December 2013 01:18

Operating margins being improved though still negative Explains major reasons for losses in recent past but urges stakeholders to look beyond mere profit factoring in catalytic role in tourism development and GDP contribution 5-year revival pl

SriLankan Airlines, economy and tourism

Views - 45102 Monday, 30 December 2013 01:17

SriLankan Airlines CEO Kapila Chandrasena estimates aviation industry’s contribution to national economy at 3.8% of GDP, of which SriLankan Airlines’ contribution is at 2.2%. With a GDP value of $ 60 billion, 2.2% works out to around $ 1.3 billio

Uplifting socioeconomic sustainability in Mullaitivu

Views - 8849 Friday, 29 November 2013 10:52

By Sarah Hannan Visiting the district where the three-decade brutal civil war saw its end gave me mixed feelings. Though it is now safe to travel to the north with no concerns about being caught in crossfire, visiting the post-conflict zone and witn

Future policy direction for Sri Lanka’s exports

Views - 7224 Wednesday, 20 November 2013 10:54

This article is Part 2 and final of the series on ‘Whither exports in the next five years?’ Forum held recently. The first part was published in the Daily FT on 7 November 2013. For web access see

Whither exports in next 5 years?

Views - 9086 Thursday, 7 November 2013 00:01

As exports play an important role in influencing a country’s level of economic growth, employment and balance of payments, most nations have been gaining momentum in this regard in the recent years. Sri Lanka, however, does not fall in that cluster

Human capital towards 2020

Views - 9467 Thursday, 3 October 2013 00:01

By Shabiya Ali Ahlam With Sri Lanka gearing up to become the ‘Wonder of Asia,’ it is faced with a number of challenges. One that has been brought to light in many instances is the unavailability of human capital to help achieve this target. Alth

Lessons from Australia and Malaysia

Views - 16760 Thursday, 3 October 2013 00:00

To help improve the education system of Sri Lanka, the OPA conference featured two top personalities serving the higher education sector in Australia and Malaysia. Innovation and Business Skills Australia CEO Patricia Neden, also the keynote speaker

Will the current education system support ‘Vision 2020’?

Views - 3284 Thursday, 3 October 2013 00:00

To discuss the future of the education system in Sri Lanka, a panel discussion titled ‘Vision 2020’ took place at the last session of the conference. Moderated by Executive Council Member Ruwan Gallage, the panellists included Ceylon Chamber of

Sri Lanka to embrace new trends in technology for speedy economic growth

Views - 13959 Monday, 22 April 2013 00:00

By Shabiya Ali Ahlam “Sri Lanka needs to adapt to emerging technological advancements if it is to achieve rapid economic development.” Senior Minister Scientific Affairs Professor Tissa Vitarana stated this at the ‘Nanotechnolog

Ceramic industry: A shadow between vision and reality

Views - 36193 Monday, 25 March 2013 00:33

 By Cheranka Mendis Despite the mark it has made in the international arena for quality and precision, Sri Lanka’s ceramic industry today is facing tough times in the face of rising energy costs, economic decline in export markets, lost

Colombo’s facelift

Views - 19622 Friday, 22 February 2013 00:25

Urban regeneration in the metro Colombo region is beautifying the city while adding value By Cheranka Mendis The Colombo landscape is changing visibly. The sprucing up of Colombo with an emphasis on serving the citizens with a cleaner and gre

A tone from the top

Views - 4463 Tuesday, 19 February 2013 00:01

Continuing with the highly successful Chairmen’s Forum late last year, the Sri Lanka Institute of Directors brought together yet another distinguished panel of business leaders to elucidate and evaluate the importance of setting the tone of a c

CAPM 2013 highlights capital market avenues of Sri Lanka

Views - 5081 Friday, 8 February 2013 00:01

By Shabiya Ali Ahlam Sharing fine insights into the capital markets of Sri Lanka, conceptualised by UTO Educonsult, the Capital Market Conference 2013 facilitated wide-ranging presentations and panel discussions moderated by industry experts. Th

Independence of the Judiciary

Views - 2620 Tuesday, 25 December 2012 00:00

Mr. Chairman, Your Ladyship, distinguished guests, my dear brothers and sisters, I was indeed pleasantly surprised when your President invited me to address you today.

Acuity analyses Budget 2013

Views - 6242 Monday, 26 November 2012 00:00

Acuity Stockbrokers Ltd., has recently released its analysis on the Government’s Budget 2013 presented by President and Finance Minister Mahinda Rajapaksa on 8 November. Here are excerpts from the research report.

South Asia Apparel Leadership Forum explores new scope, sustainable change

Views - 6290 Thursday, 22 November 2012 00:16

By Shabiya Ali Ahlam With over 100 professionals in apparel manufacturing, supply chain services, ethical fashion, retail brands, media and opinion leaders, the South Asian Apparel Leadership Forum took place for the second consecutive year in Colo

Making changes for a $ 5 billion target

Views - 1269 Thursday, 22 November 2012 00:11

By Rashika Fazali Newly-appointed SLAS Chairman Yohan Lawrence addressed the need to change the Labour market reforms, which will help achieve the apparel industry target of US$ 5 billion. He stated that though Sri Lanka has a number of public holi

Corporate social responsibility and sustainability practices

Views - 4379 Wednesday, 5 September 2012 00:02

The SAFA-CMA Management Accounting Summit 2012 held in June this year revolved around the theme ‘Corporate Social Responsibility and Sustainability Practices,’ of which the highlight was the final session of the two-day summit, the CEO an

Critique on Board directors’ role and liabilities

Views - 16158 Wednesday, 22 February 2012 01:19

By Cassandra Mascarenhas The role and responsibilities of a director on the board of a company is a topic that has risen to the forefront of the business community, both in Sri Lanka and globally, in recent times and tackling the billion rupee ques

Policy conflicts in the capital market

Views - 4172 Thursday, 2 February 2012 00:00

Top experts in various fields of the economy gathered last week to discuss how policy conflicts in the capital market have an impact on the overall running of the economy. With the country aiming for 8% growth in 2012 as well, the imbalance caused by

Winning the corporate race healthily

Views - 1895 Friday, 20 January 2012 00:01

Being an athlete is not just about having the extra muscle, the six pack and the perfect body. Being an athlete is about consistent training, long hours of commitment, absolute dedication, sacrifice and a healthy mind; practices that would sit well i

Exploring the ‘Quest for Balance’

Views - 4404 Tuesday, 25 October 2011 01:18

The first session titled ‘Quest for Balance – Our World: People, Planet and Profit’ was chaired by a former Chairman of the Ceylon Chamber of Commerce Deva Rodrigo and featured Hatton National Bank PLC Managing Director and CEO Raje

Key insights at first-ever pre-Budget open private-public pow-wow

Views - 2420 Friday, 21 October 2011 00:01

With the 2012 Budget to be presented in a month’s time, a unique initiative was undertaken for the first time in the country between Government officials and key business communities – ‘Speak Up Before Budget 2012’ – at

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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