Opinion and Issues

Serving Millennial customers better: 5 changes banks need to make

Views - 165 Wednesday, 20 September 2017 00:00

Millennials have becoming an increasingly important demographic, globally. In the United States alone they have been identified as the largest population cohort in US history, outnumbering the previous ‘baby boomer’ generation.

Why Sri Lanka needs more entrepreneurs

Views - 144 Wednesday, 20 September 2017 00:00

Following the end of a near three-decade civil war, Sri Lanka was primed for rapid economic growth. Buoyed by post war optimism the country’s economy surged ahead from 2009 onwards amidst adverse development and slowdown in the global economy.

Continued improvements in health indicators

Views - 98 Tuesday, 19 September 2017 00:00

The Department of Census and Statistics (DCS) takes steps to identify, collect, analyse and communicate the information needed for the development programs of the country. For this purpose, the DCS and the Ministry of Health, Nutrition and Indigenous

Open letter to Media Minister: Ensure trade union rights of journalists

Views - 41 Monday, 18 September 2017 01:11

http://kusalperera.blogspot.com: There is going to be an ‘Open Media Workshop’ for journalists in Colombo on 25 September organised by the state agency the SL Media Training Institute, which comes under the Media Ministry. Improving reporting ski

Think-tank experts convene at INSSSL-NESA Strategic Forum

Views - 111 Saturday, 16 September 2017 00:34

The Institute of National Security Studies of Sri Lanka (INSSSL) hosted its first strategic forum together with the Near East South Asian (NESA) Center for Strategic Studies at its premises from 6-7 September.

Sri Lanka on a path of economic transformation; exports key: Malik

Views - 204 Friday, 15 September 2017 00:00

Sri Lanka is now on a path of economic transformation, and an important part of that transformation is the export sector. Which is why today’s awards ceremony – recognising our export champions – is so important, and I am very glad to be here w

Are we bowling without umpires again? (Flight version)

Views - 160 Thursday, 14 September 2017 00:00

I plagiarised this title from myself, bear with me for the repetition. It fits so well that I did not bother to create a new heading to tell a repetitive story.

Sri Lanka’s Electronic National ID carries serious risks

Views - 615 Thursday, 14 September 2017 00:00

According to a news report, the Department for Registration of Persons (DRP) is to issue a new ‘smart ID’ within the next two months.

Automation, machines replacing humans and what’s in store for Sri Lanka

Views - 297 Thursday, 14 September 2017 00:00

Automation has been playing an increasingly important role in improving efficiency and reducing costs in many industries and sectors. It has also been sought after for addressing the challenges of skills shortage in certain industries while also thre

Ambassador Wells on ‘Maintaining US Influence in South Asia: The FY 2018 Budget’

Views - 44 Wednesday, 13 September 2017 00:00

Following is the statement by Ambassador Alice Wells, Acting Assistant Secretary, Bureau of South and Central Asian Affairs, US Department of State before the HFAC Subcommittee on Asia and the Pacific on ‘Maintaining US Influence in South Asia: The

Decriminalise abortion in Sri Lanka: Statement by human rights defenders and women’s groups

Views - 61 Wednesday, 13 September 2017 00:00

As a collective of organisations and individuals who work on women’s human rights in Sri Lanka, we are keen to add our voices to the prevailing debate in public fora around legislation governing abortion.

Family businesses: Taking over the mantle

Views - 116 Wednesday, 13 September 2017 00:00

On 2 August, global strategy consulting firm STAX and Sri Lanka Institute of Directors unveiled the results from the first-ever survey of Sri Lankan family businesses and convened a stimulating panel discussion

The 3 Es of effective Board Leadership

Views - 106 Wednesday, 13 September 2017 00:00

knowledge.insead.edu: Boards of directors often get media attention when something goes wrong. The board of VW, for instance, was recently in the news after it received a terrible corporate governance rating based on the 2015 emissions scandal and it

South-South investment: A necessary synergy with development finance

Views - 47 Tuesday, 12 September 2017 00:00

Even though 35 developed countries pledged to provide 0.7% of their Gross National Income (GNI) to foreign aid, only six nations - the UK, Denmark, the Netherlands, Norway, Luxembourg, and Sweden - currently fulfil this obligation.

The pre-1977 closed economy: Lest we forget

Views - 585 Saturday, 9 September 2017 00:00

This article is composed of what the writer could recollect when functioning as the Deputy Controller Imports and Exports during the pre-1977 period. It is intended to draw attention to the negative effects of a Closed Economy which we may be heading

Positive occurrences over the last 3 months in Sri Lanka

Views - 1502 Saturday, 9 September 2017 00:00

When it comes to the recent state of events in Sri Lanka, especially relating to politics, there has been a lot of talk of negative issues. Recent issues include the constant strikes burdening the public, the garbage problem, the threat of dengue and

Some realities of poverty alleviation

Views - 79 Saturday, 9 September 2017 00:00

The year 2017 which began nobly with President Maithripala Sirisena dedicating it as the ‘Year of Poverty Alleviation’ was soon enough engulfed with drought, muck-slides, mudslides and floods. As is always the case, it is the low-income-earning s

Are we sure we are leaving no one behind?

Views - 59 Friday, 8 September 2017 00:00

The underlying theme for the 2030 Agenda is that the 17 Sustainable Development Goals should be achieved without a disparity between different groups; everybody should progress at the same rate to ensure the development of a country and with it, the

“As long as there is suffering somewhere, no one is safe”

Views - 50 Thursday, 7 September 2017 00:00

Following is the Valedictory Address delivered by Ministry of Foreign Affairs Secretary Prasad Kariyawasam at the Colombo Defence Seminar 2017 themed ‘Countering Violent Extremism’ on Tuesday 29 August

A poverty-free future?

Views - 80 Wednesday, 6 September 2017 00:00

Although great strides have been taken to address this issue, the problem of poverty persists in society to this day. The history of post-independence Sri Lanka has been characterised by its substantial provision of social protection programs, partic

Ajith Nivard Cabraal’s statement on Greek bonds and his extravagance

Views - 332 Wednesday, 6 September 2017 00:00

I refer to Janitha Devapriya’s letter on the above subject (Daily FT 31 August) and the very interesting points he highlighted in respect of the Central Bank’s investments in Greek bonds in response to the statement issued by former Governor.

Sri Lanka should be watchful – Our economic development program under the Maritime Silk Road

Views - 243 Friday, 1 September 2017 00:00

The OBOR (One Belt and One Road), also known as the BRI (Belt & the Road Initiative) launched by Chinese President Xi Jinping in September 2013 has become a popular subject of discussion involving China’s intentions, participating countries’ expe

Former Governor Cabraal’s statement on Greek bonds – A comment

Views - 559 Thursday, 31 August 2017 00:56

The statement of former Central Bank Governor Ajith Nivard Cabraal in the Daily FT of 26 August, where he defends the investment of Central Bank in Greek bonds in 2011 as a ‘wise’ move in risk management strategy of the foreign exchange reserves

SOS Children’s Villages Sri Lanka offers a loving home for children who have lost parental care

Views - 91 Wednesday, 30 August 2017 00:00

Currently there are 340,000 children who have lost parental care due to various reasons in Sri Lanka. These children grow up without basic human needs such as food, water, clothing, shelter and also lack sanitation, education and healthcare. Some of

Hemas ‘Piyawara Singithi Diriya’ Prison Project to enrich and empower children

Views - 58 Wednesday, 30 August 2017 00:00

The Hemas Outreach Foundation (HOF), in collaboration with the Ministry of Women and Child Affairs of Sri Lanka and the Welikada Prison Authorities, launched ‘Piyawara Singithi Diriya’, a special project aimed at empowering the lives of children

Justice must be served equally to all

Views - 448 Wednesday, 30 August 2017 00:00

Due to public pressure and the President’s firmness, Foreign Affairs Minister Ravi Karunanayake was forced to resign from his Ministry two weeks ago. Foreign Affairs Minister Ravi Karunanayake is currently being investigated regarding the alleged B

Bloomberg charity scrutinised by India for anti-tobacco funding, lobbying: documents

Views - 70 Wednesday, 30 August 2017 00:00

New Delhi (Reuters): India has been investigating how Bloomberg Philanthropies, founded by billionaire Michael Bloomberg, funds local non-profit groups for anti-tobacco lobbying, government documents show, making it the latest foreign non-government

When in the eye of a storm…

Views - 238 Monday, 28 August 2017 00:14

By Idah Z. Pswarayi-Riddihough http://blogs.worldbank.org: This year, yet again, flooding caused by heavy monsoon rains came and receded. Meanwhile, this year alone, more than one million people have been hard hit by the worst drought in 40 year

Ranil Wickremesinghe - A Political Biography by Dinesh Weerakkody

Views - 411 Saturday, 26 August 2017 00:29

By Ilica Malkanthi Karunaratne This book by Dinesh Weerakkody, a top private sector executive who has many publications to his credit, traces the political journey of an extraordinary statesman and should be of interest to all citizens of Sri La

EU boost not enough to revive Sri Lanka’s garment industry

Views - 703 Friday, 25 August 2017 00:00

  Sector has fallen well behind rivals such as Bangladesh  By Munza Mushtaq Nikkei Asian Review: Despite a recent move by the European Union to restore Sri Lanka to its highly-favourable Generalised System of Pre

Today's Columnists

Media Freedom: alive and not so well… is it?

Friday, 22 September 2017

Today the only corpses in sight are those lining the bullpen – critics and social commentators who have fallen asleep at their desks, lulled by a democracy that offers peace but pre-empts justice. Oscar Wilde,

Rise of sustainable electric automobiles and the end of petrol and diesel vehicles

Friday, 22 September 2017

The past three years have been the hottest in recorded history and 2017 is already projected to be hotter than 2016! The cause for this heating up of the planet is clearly due to the excessive burning of fossil fuels.

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

Friday, 22 September 2017

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

Why are interest rates high?

Thursday, 21 September 2017

The general public is concerned about the high level of interest rates prevailing in the recent past. Interest rates influences the day-to-day life of ordinary people as it is the benchmark for all economic decisions.

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