Opinion and Issues

Travails of an aspirant seeking the protection of an invention (patent) in Sri Lanka

Views - 55 Wednesday, 22 November 2017 00:00

The Innovators to Industry (I2I) proposal is important. We have had many inventions slipping through our fingers and finding their way into other economies and the sad fact is we are quite unaware all these losses taking place.

Evolution of monetary, exchange rate policy in Sri Lanka and the way forward: Part 3

Views - 64 Wednesday, 22 November 2017 00:00

Considering the success of flexible inflation targeting in advanced and emerging markets, the Central Bank of Sri Lanka also considered this as the best framework to be adopted in the medium-term. A number of prerequisites for the new framework have

Illicit liquor problem in Sri Lanka

Views - 41 Wednesday, 22 November 2017 00:00

The problem of illicit liquor is not something new to Sri Lanka. It is to the credit of this Government that it has viewed this problem with the seriousness that it deserves.

Evolution of monetary, exchange rate policy in Sri Lanka and the way forward: Part 2

Views - 89 Tuesday, 21 November 2017 00:00

While monetary aggregate targeting remained the framework for the conduct of monetary policy in Sri Lanka, the exchange rate regime also underwent a gradual evolution.

Olcott Oration: 2017 Evolution of monetary, exchange rate policy in Sri Lanka and the way forward

Views - 191 Monday, 20 November 2017 00:00

I am deeply honoured to have been invited to deliver the Olcott Oration 2017 and to join a list of great Anandians who have delivered this Oration before. I cannot think of a greater honour that my school could confer on me.

Ex-UN climate chief sees climate action “explosion” in coming decade

Views - 39 Saturday, 18 November 2017 00:47

LONDON (Thomson Reuters Foundation): In the next five to 10 years, the world will see an “explosion” of positive action on climate change, not only in terms of efforts to reduce planet-warming emissions but also in people’s daily lives, former

UN countries must press Sri Lanka on justice, say NGOs

Views - 69 Saturday, 18 November 2017 00:00

International jurists of the Sri Lanka Monitoring and Accountability Panel (MAP) say the Government has made no credible progress on its transitional justice commitments, and are urging the international community to get tough. This comes as Human Ri

‘The Tea Hub’: Reality behind the TEA façade

Views - 224 Friday, 17 November 2017 00:00

The TEA, in its response in the Daily FT of 9 November to my writing, ‘TEA brews toxic blend for its own survival,’ has resorted to vague generalities whilst accusing me of misrepresenting facts to suit my interests, without

Struggle for human rights in Sri Lanka: Progress despite difficult legacy

Views - 31 Friday, 17 November 2017 00:00

At a time when the world seems to be struggling mightily to put human rights at the forefront of a global discourse burdened by conflict, fear of terrorism and radicalisation, and real or perceived security threats of various kinds,

‘Son of the Soil’ shoots himself in the foot

Views - 218 Friday, 17 November 2017 00:00

I am glad that as analysts we don’t have to be frogs in a well, we do not see with tunnel vision. Fortunately, it must be mentioned that the Prime Minister has known liberalisation since 1977 and knows what should and could be liberalised as time p

SMEs concerned over liberalization

Views - 149 Friday, 17 November 2017 00:00

The SMEs engaged in the shipping industry are concerned over the recent government move to liberalize the shipping industry by lifting the 40% foreign ownership threshold. It is sad to note that SMEs who are the largest

A response to Analyst who is unaware that shipping is already liberalised in Sri Lanka

Views - 301 Thursday, 16 November 2017 00:09

We are not only amused but perplexed to read the article in the Daily FT of 15 November which is not only misleading but maliciously written by a mercenary of interested parties with no national interest. The shipping industry is already liberalised

Budget allocations for teacher training: Is Sri Lanka playing its cards right?

Views - 48 Thursday, 16 November 2017 00:05

The 2018 Budget proposals presented in Parliament on 9 November have correctly recognised the importance of good quality teachers for improving education in the country. The Budget has allocated Rs. 50 m to increase the allowance given to teacher tra

Towards an evidence-based alcohol policy in Sri Lanka

Views - 133 Thursday, 16 November 2017 00:00

History is studded with examples of temperance movements and prohibitions, whenever alcohol was perceived as a menace to the society. All of them have failed and some have wrought worse chaos in societies. History brings two examples to mind where th

Fitch says beer makers to regain market share with tax changes

Views - 96 Thursday, 16 November 2017 00:00

Fitch Ratings said yesterday that Sri Lanka’s beer industry would regain market share from hard liquor following a more favourable tax regime for the segment announced in the Government’s Budget on 9 November.

Urban Development Authority a law unto itself!

Views - 69 Wednesday, 15 November 2017 00:07

The Urban Development Authority (UDA) is seen as a law unto itself, leaving surveyors in a quandary and the public in the lurch.

Biometric IDs and privacy safeguards

Views - 33 Wednesday, 15 November 2017 00:04

Brazil is back on track

Views - 35 Wednesday, 15 November 2017 00:01

Just over 18 months ago, I took office as the President of Brazil with the task of facing up to the most severe economic crisis in the history of Brazil along with its deep social impacts on our people.

Samarasinghe’s description of foreign shipowner agents as “local industrialists”

Views - 117 Wednesday, 15 November 2017 00:00

Sources from the export-import industry said that they never expected that a so-called educated Minister would come on television and criticise a long overdue Government policy to make Sri Lanka a maritime and logistics hub.

Budget 2018: Will clarity in thought translate to clarity in action?

Views - 155 Tuesday, 14 November 2017 00:00

Slow growth, declining export earnings and FDI inflows, and inadequate foreign exchange reserve cover characterise Sri Lanka’s current macroeconomic climate.

Chandra J writes to Speaker on dealing with dual citizens in Parliament

Views - 92 Tuesday, 14 November 2017 00:00

Do good governance commitments and ethical Parliamentary administration benchmarks compel you to take further action on the recent Supreme Court determination?

Govt. focuses on reconciliation in 2018 Budget with Rs. 12.75 b allocation

Views - 47 Monday, 13 November 2017 00:25

Sri Lanka’s Budget for next year, presented by Minister of Finance Mangala Samaraweera, has focused on post-war reconciliation proposing a number of measures to develop the war-ravaged North and East and uplift the lives of the people in those area

TEA takes on Merrill

Views - 439 Thursday, 9 November 2017 00:00

Reference article of ‘TEA brews toxic blend for its own survival’ by Merrill J. Fernando, Chairman of Dilmah Tea Company published under the guest column of Daily FT of 31 October 2017.

Budget tracker

Views - 151 Wednesday, 8 November 2017 00:00

As the country prepares for the unveiling of Budget 2018, the transparency and status of proposals under the previous edition is under review with an analysis of 2017 Budget proposals by Verite Research showing that less

Professionals to meet President on current FTA process malpractices

Views - 77 Wednesday, 8 November 2017 00:00

We, the Professionals National Front (PNF), highly appreciate you for establishing a National Economic Council. Your effort will make sure no impulsive decisions will be taken when it comes to making highly-sensitive decisions

JO MP Balasuriya suggests changes in Insurance Industry Bill and SOE management

Views - 238 Wednesday, 8 November 2017 00:00

Before addressing some of the complexities of the Insurance Bill, JO MP Tharaka Balasuriya made some aggressive remarks on privatisation and the management of State-Owned Enterprises (SOEs)

Future global trends in shipping and logistics and opportunities for Sri Lanka

Views - 188 Wednesday, 8 November 2017 00:00

The shipping and logistics industry in Sri Lanka is at a pivotal point, as the Government focuses on leveraging its strategic location to position the country as “the Hub of the Indian Ocean”. As highlighted in the Vision 2025 policy

Chandra J on ‘Yahapalanaya’ not taking away accountabilities of independent public institutions and

Views - 73 Tuesday, 7 November 2017 00:00

3 November 2017 An open letter to the Prime Minister and copied to the President Dear Mr. Prime Minister, ‘Yahapalanaya’ is not taking away accountabilities of independent public institutions and vesting them in cabinet ministers In order to

A recovering world economy? Dynamics of China and India in global growth

Views - 120 Tuesday, 7 November 2017 00:00

The remarkable growth of China and India has shifted the centre of the world economy towards Asia. However, the 2008 global financial crisis exposed vulnerabilities in the export-led model of Asia’s two economic giants. With the IMF predicting a r

Illicit alcohol market in Sri Lanka

Views - 256 Tuesday, 7 November 2017 00:00

By Priyanga Dunusinghe, 1. Introduction 1.1. Overview The illicit alcohol poses a substantial health, economic and social costs to the society in general and in particular to the users. In addition, it causes loss of Government of revenue and incur a

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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