Opinion and Issues

Rupee depreciation: Central Bank responds on ‘misleading’ article

Views - 474 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 - 1162 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 - 207 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 - 578 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 - 80 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 - 113 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 - 220 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 - 120 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


Understanding the current industry trend towards bespoke tourism

Views - 247 Thursday, 4 October 2018 00:00

The current trend within the tourism industry in Sri Lanka is leaning towards bespoke tourism, which hints at growing opportunities and challenges for the tourism sector in general. Bespoke tourism is growing in popularity around the world. The reaso


Who says you are green?

Views - 111 Thursday, 4 October 2018 00:00

In a recent promotion in Sri Lanka, an internationally reputed Fast Moving Consumer Goods (FMCG) company gave away a free gift with every purchased pack. The product was labelled as an ‘Environmentally Friendly Product’, but was in a completely s


Why most startups fail

Views - 318 Thursday, 4 October 2018 00:00

There has been an unprecedented boom in the number of startups around the world. Even in Sri Lanka, interest has been piqued, with greater participationof various stakeholders. The glamorisation of a once lowly-held profession and falling entry barri


Authoritarian thinking in political culture and some political alternatives

Views - 94 Thursday, 4 October 2018 00:00

If the JVP had brought a simple private member bill to change the Sinhala and Tamil name for the President in the constitution, it could have done a better service to promote democracy in Sri Lanka than the present convoluted and not so democratic 20


Why EPF’s re-entrance is a much-needed boost to CSE

Views - 144 Thursday, 4 October 2018 00:00

By Dulan Lokuwithana When the Governor of the Central Bank of Sri Lanka announced in the final week of August that plans are underway for Employees’ Provident Fund (EPF), Sri Lanka’s largest pension fund, to re-engage in the equity investments in


Lessons from the ‘Summer Davos’ in China

Views - 188 Thursday, 4 October 2018 00:00

By Lahiru Pathmalal The World Economic Forum’s 12th Annual ‘Meeting of New Champions’ was held in Tianjin, China recently. Dubbed the ‘Summer Davos’, the summit focuses on the latest in digital, science and technology, innovation, and drivi


Digitalising financial inclusion – Digital financial literacy an imperative

Views - 367 Thursday, 4 October 2018 00:00

The recent statement by Minister Eran Wickramaratne on the assurance that the digitalisation of financial inclusion has full Government support provokes the assertion that any Government initiative in this regard by way of support or formulation itse


Shortage of quality infrastructure in South Asia impedes growth: ADB

Views - 56 Wednesday, 3 October 2018 00:00

Manila, Philippines: South Asia suffers from severe and persistent shortages of quality infrastructure that threaten to halt its progress as the fastest growing subregion in the world, according to a new paper from the Asian Development Bank (ADB). T


ADB downgrades SL growth forecast

Views - 44 Wednesday, 3 October 2018 00:00

Asian Development Bank (ADB) has downgraded its growth forecast for Sri Lanka in 2018 and on weak domestic demand, investment and exports. In an update to the Asian Development Outlook (ADO) report, ADB downgraded the GDP growth forecast from 4.2%


Bosnia calls for greater cooperation in tourism with Sri Lanka

Views - 125 Tuesday, 2 October 2018 00:01

Bosnia and Herzegovina and Herzegovina is firmly placing itself on the map in global tourism markets, leaving behind its conflict-ridden past. The country, which maintains high standards in health and education fields, is projected to have the third


150th birth anniversary celebrations of Mahatma Gandhi Mahatma in the mail

Views - 45 Tuesday, 2 October 2018 00:00

Mahatma Gandhi’s steadfast belief in, and practice of, non-violence and peace has been a source of inspiration around the world. He is of course the father of the Indian nation, but his is a global iconic status. Countries around the world have nat


Muslim leadership: Imperative for change

Views - 162 Tuesday, 2 October 2018 00:00

Wealth and piety had been the historical legitimisers of Muslim leadership in Sri Lanka. Wealth was accumulated either through inheritance or from trade and commerce. Of the two, trade has a special relationship with the religion of Islam. It remains


Chandra J writes to SEC on errant directors and officers of listed companies

Views - 20 Tuesday, 2 October 2018 00:00

Good governance activist Chandra Jayaratne has written to the Securities and Exchange Commission seeking a clarification of the applicable statutory provisions, policies, regulations and enforcement practices to make investors and public aware of err


What global economic crisis?

Views - 78 Tuesday, 2 October 2018 00:00

Is there a global economic crisis or a currency crisis, as some people claim? The largest national economy is getting stronger The US economy hasn’t grown over 3% since 2005. According to analysts, they are likely to reach that in 2018. In other wo


LKR under pressure – How not to crack

Views - 478 Tuesday, 2 October 2018 00:00

By the Economic Intelligence Unit, Ceylon Chamber of Commerce The Sri Lankan currency (LKR) has weakened against the US Dollar in 2018 (9.4% as at 26 September 2018) with close to 4% of the depreciation being recorded in the last two weeks. Currencie


Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.


Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca


The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.


The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R


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