Opinion and Issues

How vision and strategy helps small businesses succeed: governance needs of SMEs

Views - 70 Monday, 15 October 2018 01:30

Most small-to-medium sized enterprises (SMEs) are aware of the benefits of good governance practice but, faced with limited time and resource, many still fail to put it in practice - which could be costly to long-term success.

Lakshman Kadirgamar Institute launches new study on the Indian Ocean economy

Views - 101 Monday, 15 October 2018 01:24

The world is currently undergoing major economic and geopolitical transformations. While economic power continues to shift from the West to the East, rising populism and escalating geopolitical tensions in the South China Sea pose risks.

US targets private sector-led global investment

Views - 116 Monday, 15 October 2018 01:21

Recently, The United States Senate moved to more than double the US Government’s scope for investment in overseas projects, from $ 23 billion to $ 60 billion.

Govt. committed to unleash SL potential as a hub: Malik

Views - 105 Monday, 15 October 2018 01:18

Good afternoon, ladies and gentlemen. It gives me great pleasure to be with you today as we launch the Multi-Country Consolidation Project in Sri Lanka, supported by the Global Alliance for Trade Facilitation.

CB responds to former Chief Cabraal on rupee

Views - 60 Monday, 15 October 2018 01:15

In spite of the clarification issued by the Central Bank on 09 October 2018 (web link: https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/statistics/ otherpub/20181011_cb_response.pdf), Mr Cabraal, wittingly or unwittingly, continues his e

Former Deputy Governor responds to Central Bank

Views - 100 Monday, 15 October 2018 01:12

I refer to the CB’s press release, dated 12 October 2018, on the above title issued in response to my article titled “Excessive Currency Depreciation: Both currency and public lose”, published in the Daily FT 11 October 2018, and wish to provid

20th anniversary of Colombo Declaration on Media Freedom and Social Responsibility Centre for Law an

Views - 33 Monday, 15 October 2018 00:00

I’d like to begin my closing comments by starting where the process leading to the Colombo Declaration began, namely in a series of criminal defamation cases brought by powerful individuals against editors, senior journalists and newspapers.

Flip-flopping in Maldivian politics makes prediction difficult

Views - 88 Saturday, 13 October 2018 00:10

It is said that politics is the art of the possible. In other words, politics is about what is possible and opportune, and not necessarily what is best or morally right. Maldivian politics and institutional functioning exemplify this, with opportunis

The public sector: The paradise where age is a blessing in disguise

Views - 387 Saturday, 13 October 2018 00:10

The Sri Lankan public sector is a symbol of equality, at least, in terms of employees’ age. I would say that the public sector is a unique place to work. Naturally, a public sector employee expresses empowerment and authority, because he or she re

PM stresses need to maintain freedom of navigation in Indian Ocean sea lanes

Views - 56 Saturday, 13 October 2018 00:01

Prime Minister Ranil Wickremesinghe on Thursday said the Indian Ocean will truly be the ‘ocean in the future’ and all littoral States should strive to strengthen a common rules-based order.

If all girls complete secondary school, over 50 million child marriages could be prevented

Views - 42 Friday, 12 October 2018 00:00

Fifty million child marriages could be prevented by 2030 if all girls around the world finished secondary school, new analysis by Save the Children reveals.i The critical role that education plays, and will continue to play, in reducing child marriag

Tapping into Indian middle-class consumer market will be game-changer for SL exporters: Malik

Views - 113 Friday, 12 October 2018 00:00

I am very happy to join you this morning at the launch of this South Asia Flagship Report, which has a collection of insightful findings and recommendations for Sri Lanka and other economies in this region. I want to firstly congratulate the World B

‘Excessive rupee depreciation: Both currency and public lose’: Central Bank responds

Views - 215 Friday, 12 October 2018 00:00

The attention of the Central Bank of Sri Lanka has been drawn to an article titled ‘Excessive rupee depreciation: Both currency and public lose’ written by P. Samarasiri that appeared in Daily FT on 11 October. With regard to the views expressed

Excessive rupee depreciation: Both currency and public lose

Views - 265 Thursday, 11 October 2018 00:00

By P. Samarasiri While noting the technical response given by Ajith Nivard Cabraal, former Governor, Central Bank (CB), to Daily FT on 8 October, in respect of the CB’s allegations made at its press briefing held on 2 October that the use of the fo

When dining with the devil, use a long spoon said William Shakespeare

Views - 797 Thursday, 11 October 2018 00:00

I start with two confessions – firstly, I am no hero, in fact I am still but a victim who has hope of overcoming the said syndrome; on the other hand I have reaped the benefits of social media and the rapid ripple effect it can offer. Secondly, eve

Rupee depreciation: Central Bank responds on ‘misleading’ article

Views - 473 Wednesday, 10 October 2018 00:00

The Central Bank is statutorily charged with the responsibility of securing, so far as possible by action authorised by the Monetary Law Act (MLA), a) economic and price stability; and b) financial system stability, with a view to encouraging and pro

Where are women’s voices in media?

Views - 196 Wednesday, 10 October 2018 00:00

Sri Lankan media does not have the best track record of covering issues related to women. Sometimes their mistakes are rather explicit – like publishing identifying details about survivors of sexual violence, publishing images that infringe on the

Dr. Ajith C. S. Perera re-agitates invocation of FR Petition

Views - 61 Wednesday, 10 October 2018 00:00

Idiriya Chief Executive Dr. Ajith C.S. Perera has re-ignited a Public Interest Fundamental Rights Petition of national importance, in the Supreme Court. Supported by an affidavit and testimonials from two eminent medical doctors, he has pleaded for t

Bringing an end to the death penalty

Views - 113 Wednesday, 10 October 2018 00:00

By Tung-Laï Margue Today, 10 October, marks the World and European Day against the Death Penalty. This international Day was launched in 2003 by the World Coalition against the Death Penalty, a coalition of non-governmental organisations, bar associ

Appreciation Prof. T. Jogaratnam – A teacher par excellence

Views - 17 Tuesday, 9 October 2018 00:00

I was deeply saddened to hear the news about the death of much-respected Professor T. Jogaratnam who passed away last week after a long illness. It was a shock to everyone who was near and dear to him. This was extremely sad news for me personally as

Sinhala Buddhism and the historic struggle of Ananda College Colombo

Views - 1156 Tuesday, 9 October 2018 00:00

In 2011, when Ananda College Colombo celebrated its 125th anniversary, having gone through the contributions made by non-Sinhalese and non-Buddhists towards building up the great school, it was decided to have an annual encounter of cricket between A

Dollar/rupee conundrum and the need for a balanced economic policy

Views - 206 Tuesday, 9 October 2018 00:00

During the last nine months of the present year (January-September 2018), the rupee depreciation had been nearly 10%, and that is what has prompted the Government and the Central Bank to take some measures (at the last moment). The situation has also

Would the budget speech be worth listening to?

Views - 127 Tuesday, 9 October 2018 00:00

The budget speech is just a month away and it has not got off to the best of starts in the form of the Appropriation Bill released recently. Seeing just one line – “budget deficit would be curtailed to Rs. 644 b, 4.1% of GDP” – is sufficient

Exchange rate crisis: Identifying right reasons and finding appropriate solutions

Views - 552 Tuesday, 9 October 2018 00:00

Sharp depreciation of the Sri Lankan Rupee (LKR) made headlines of financial press in the last month. The LKR continue to hit fresh highs against United States Dollars (USD); the primary currency of external trading. Both the Government and the Oppos

A call for more integration between South Asian neighbours

Views - 78 Tuesday, 9 October 2018 00:00

Following is the speech delivered by World Bank Country Director for Sri Lanka and the Maldives Dr. Idah Pswarayi-Riddihough at the global launch of the regional trade report titled ‘A Glass Half Full: The Promise of Regional Trade in South Asia’

A viable alternative for holding PC elections

Views - 111 Saturday, 6 October 2018 00:09

It is reported in the press that the UNP and its allies want to hold the oncoming PC elections under the old ‘Preference Voting’ (PV) system while the SLFP favours the new ‘Mixed Voting’ system. At the outset it mus

WNPS expresses serious concern over wild boar meat trade

Views - 154 Saturday, 6 October 2018 00:09

As a conservation organisation Wildlife and Nature Protection Society (WNPS) is committed to protect all species. The wild boar or pig is no exception. Although the wild boar is considered an agricultural pest and can be killed by farmers, during day

The ethnic issue and fear of power devolution

Views - 219 Friday, 5 October 2018 00:00

By Oscar E.V. Fernando Communities in this country consisting of Sinhalese, Tamils, Muslims and Burghers that stood together for the cause of independence in the thirties, became estranged and some of the disgruntled, left out shores. What put them a

Municipal Councils and our public service

Views - 483 Thursday, 4 October 2018 00:58

A friend, a retired accountant, owned a plot of land in the Dehiwala area with a long frontage to a major road. He had bought it 30 years ago as a residential property, but later, in view of the rapid transformation of the area, developed it into a s

Illicit tobacco: Tackling the threat to national law and order

Views - 119 Thursday, 4 October 2018 00:57

RIU: Increasingly the illicit tobacco network is becoming a threat to national law and order as well as security. Benefitting from access to new markets with different legal and cultural conditions, organised crime has expanded its engagement in illi

Today's Columnists

Constitutional paradox: There is no such thing called Election Commission

Wednesday, 14 November 2018

Our Constitution, which was certified by Parliament on 31 August 1978, has 19 amendments; the First Amendment to the Constitution was certified by the Speaker in the same year on 20 November. By the end of 1988, there had been 14 amendments made to t

‘So Sri Lanka’ – upgrade staff, processes, infrastructure at BIA arrivals to be world’s best!

Wednesday, 14 November 2018

24 October, time 12:47 p.m., place – my residence in Colombo My phone buzzes with a WhatsApp message from my old colleague Prasad Fernanado now with Saudi British Bank in Saudi. I am thrilled to see the message ‘Sri Lanka top country for travel i

Qatar crisis: From the Sri Lankans’ point of view

Wednesday, 14 November 2018

The aim of this article is to examine the Saudi blockade over Qatar and its impact in the past 17 months on the country. A special focus will be given to the Sri Lankan workers who have been living in Qatar for the past two decades. The reason why th

The reality of Sri Lanka – household end!

Wednesday, 14 November 2018

Whilst Sri Lanka is debating what is right and wrong on the governance of the country, the Sri Lankan household is falling part due to escalating costs, as per the latest data released by respected research agency Nielsen. For the seventh quarter in

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