Special Report

MTI’s Business Review of 2019 and Outlook for 2020

Views - 198 Tuesday, 21 January 2020 00:00

For the ninth consecutive year, MTI Consulting (via its Corporate Finance practice), in partnership with Daily FT, Daily Mirror and Sunday Times, has concluded the MTI CEO Business Outlook Study, collectively outlining the Sri Lankan business communi

Road Map: Monetary and Financial Sector Policies for 2020 and Beyond

Views - 461 Thursday, 9 January 2020 00:00

Your Excellencies, members of the Monetary Board, Senior Deputy Governor, Deputy Governor, Assistant Governors and Officials of the Central Bank, distinguished invitees, ladies and gentlemen, it is indeed a great honour for me to address you as the 1

EDB’s role in promoting Ayurveda services

Views - 362 Monday, 23 December 2019 00:43

The Sri Lanka Export Development Board (EDB) identified the export value of Sri Lankan Ayurveda services back in 2013 and facilitated the International Trade Centre (ITC) to carry out a study on the Sri Lankan Health Tourism industry. The study iden

Addressing illicit markets – why it’s a priority

Views - 347 Monday, 9 December 2019 01:21

By the Research Intelligence Unit (RIU), United Kingdom The UK-based Research Intelligence Unit (RUI) recently launched their macroeconomic policy paper on taxation and maximising Government revenue, taking the tobacco industry as a case study. Certa

Fireside Chat gets candidates talking on economic policies and role of private sector

Views - 342 Monday, 11 November 2019 00:12

By Chandani Kirinde The third in the popular Fireside Chat series hosted by the International Chamber of Commerce Sri Lanka (ICC Sri Lanka) together with Daily FT brought together six of the leading presidential candidates, where their vision for the

Siddhalepa Ayurveda Symposium: Sharing the wisdom of life with the world

Views - 560 Thursday, 31 October 2019 01:10

The first-of-its-kind Ayurveda Symposium, hosted by Siddhalepa in cooperation with the Ministry of Tourism and the Ministry of Health, was held on 5 October at the Siddhalepa Ayurveda Resort and Spa in Wadduwa. The conclave brought together practitio

Igniting the nation’s mojo via business leaders

Views - 723 Wednesday, 16 October 2019 01:40

The 40th National Conference of Chartered Accountants, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), this year underscored the critical role business dynamism and agility in corporate leadership could play in drivin

Nine recommendations to make SOEs efficient

Views - 345 Monday, 14 October 2019 00:00

National Agency for Public Private Partnerships Chairman Thilan Wijesinghe addressing the summit in his personal capacity, presented a well-researched and thought out check list for the Government to implement to reduce SOE losses without necessarily

Solving the SOE tangle

Views - 359 Monday, 14 October 2019 00:00

By Uditha Jayasinghe Reforming State-Owned Enterprises (SOEs) is essential but to do so employees need to have faith in their policymakers, transparency needs to be assured and the financial consequences of their losses need to be clearly communicat

Fundamentals strong in Sri Lanka but decisive political juncture

Views - 618 Tuesday, 8 October 2019 00:00

RECAP OF RECOMMENDATIONS OF JAN 2019 Jan ’19 bond market expectation – Bond rates to peak in 1Q2019 and gradually ease Recommendation: Accuracy maintained

Top Thai biz leader shares valuable lessons for Sri Lankan industry and tourism

Views - 683 Monday, 23 September 2019 00:55

Thai business leader, Thai Chamber of Commerce and Board of Trade Chairman and Tourism Authority of Thailand former Chairman Kalin Sarasin last week in Colombo shared valuable insights as to how his country succeeded in tourism, trade and investments

Masterclass in ‘Art of Leading the Shift’ at CIMA Business Leaders’ Summit 2019

Views - 417 Thursday, 19 September 2019 01:08

The CIMA Business Leaders’ Summit 2019 got underway at the Shangri-La Hotel in Colombo on 4 and 5 September before an unprecedented number of top ranking professionals from a multitude of industries in the country. Chief Guest State Minister of Fi

CIMA Sri Lanka Country Network Panel Chairperson highlights role of management accountants

Views - 338 Thursday, 19 September 2019 01:07

CIMA Sri Lanka Country Network Panel Chairperson Manohari Abeysekera in her address said 2019 was a special year for CIMA. “CIMA is celebrating its centenary this year. Founded in 1919 in UK, CIMA has grown in stature, and today it has become the

CIMA has portrayed importance of embracing change over the years: Rifka Ziyard

Views - 237 Thursday, 19 September 2019 01:05

In her welcome address CIMA Business Leaders’ Summit Chairperson Rifka Ziyard said CIMA had portrayed the importance of embracing change over the years, transforming itself to embed technology and innovation and ensuring the global management accou

Three lessons for SL growth: Mangala

Views - 177 Wednesday, 18 September 2019 00:00

Finance Minister Mangala Samaraweera yesterday highlighted three lessons for Sri Lanka to take forward as it looks to fast-track growth, insisting true development is not possible without reconciliation, rule of law, more open markets, and de-politic

Private sector should discard despondency: Dr. Hans

Views - 418 Wednesday, 18 September 2019 00:00

Ceylon Chamber of Commerce (CCC) Chairman Dr. Hans Wijayasuriya yesterday called on the private sector to discard sentiments of despondency and strengthen the State and Government to take the country forward. Speaking at the Sri Lanka Economic Summit

Policymakers, stakeholders must unite to connect dots and make SL successful

Views - 65 Wednesday, 18 September 2019 00:00

By Charumini de Silva Central Bank Governor Dr. Indrajit Coomaraswamy yesterday said that policymakers and stakeholders across the economy must come together to “connect the dots” to set Sri Lanka on its desired growth trajectory. The Governor ma

Ceylon Chamber introduces 2020-2025 Economic Acceleration Framework

Views - 190 Wednesday, 18 September 2019 00:00

The Ceylon Chamber of Commerce launched the working draft of its 2020-25 Economic Acceleration Framework at the Sri Lanka Economic Summit (SLES) yesterday (17). The framework was introduced by Dr. Hans Wijayasuriya during the title keynote session, w

Recalibrating for stronger growth trajectory

Views - 143 Wednesday, 18 September 2019 00:00

By Uditha Jayasinghe and Charumini de Silva The top representatives of the private sector, experts, public officials and politicians gathered yesterday for the Sri Lanka Economic Summit 2019 to take stock of the country’s economy, its strengths as

Key to unleashing Sri Lanka’s next growth drivers

Views - 225 Wednesday, 18 September 2019 00:00

By Charumini de Silva With Sri Lanka seeing a marked slowdown in the recent few years, industry leaders yesterday urged support for key sectors to kick-start growth. The CCC Economic Summit, in its second session yesterday, titled ’Sri Lanka’s Ne

Private sector insights to connecting dots in Sri Lanka’s development journey

Views - 492 Wednesday, 18 September 2019 00:00

Day one of the Ceylon Chamber of Commerce’s 19th Sri Lanka Economic Summit yesterday brought together key business leaders at the third session, titled ‘Connecting the Dots in Sri Lanka’s Economic Development Journey’, to highlight how Sri La

Redefining growth, ‘Circular Economy’ gains traction globally

Views - 500 Thursday, 12 September 2019 00:10

By Charumini de Silva in Helsinki, Finland Circular economy, which is essentially looking beyond the current ‘take-make-waste’ extractive industrial model and aims to redefine growth, focusing on positive society-wide benefits, is a new phenomen

Best Workplaces for Women in Sri Lanka 2019

Views - 2278 Thursday, 5 September 2019 01:14

Gender equality at the workplace is becoming a hygiene factor in most parts of the world – not just because it is the right thing to do, but more so because it is good for business. There is significant evidence to indicate that gender diversity in

Induction ceremony of APB Bank Coordinators

Views - 260 Thursday, 11 July 2019 00:00

APB Bank Coordinators’ Induction ceremony will be held on Monday 15 July at the Pitch Restaurant – Mercantile Cricket Association, Colombo 7 commencing 6 p.m. This is an important annual event in the APB calendar. At this induction ceremony, the

Association of Professional Bankers Sri Lanka (APB)

Views - 350 Thursday, 11 July 2019 00:00

In early 1988, a group of enthusiastic senior bankers saw the need to form an association to promote professionalism in the industry, for a forum to meet and discuss topics relating to the banking industry and also to help upcoming bankers to broaden

Members’ Night 2019 of Association of Professional Bankers Sri Lanka

Views - 406 Thursday, 11 July 2019 00:00

Member’s Night 2019, the most awaited social event of the Association of Professional Bankers – Sri Lanka (APBSL) is scheduled to be held on Saturday 20 July from 7 p.m. onwards, at the private beach of the Mount Lavinia Hotel. The members night

31st Anniversary Convention of Association of Professional Bankers Sri Lanka

Views - 472 Thursday, 11 July 2019 00:00

Banks have flourished during good times, and have managed to minimise the ill effects of bad times. If one were to say that the present time is a bad one Professional Bankers of Sri Lanka would respond that they have seen and prevailed over worse tim

Banking sector performance in 2018: Key insights from KPMG Report

Views - 3659 Tuesday, 2 July 2019 00:00

Key insights to how the banking sector performed in 2018 as well trends and challenges going forward are highlighted in the KPMG’s just released third Sri Lanka Banking Report. “The banking industry in Sri Lanka tells a story of resilience and

Lucky Dissanayake wins Gold in Social Global Eco Awards

Views - 767 Monday, 24 June 2019 00:10

Biomass Group Founder Lucky Dissanayake did Sri Lanka and the planet proud, by winning the Global Green Economic Forum (GGEF) Eco Game Changer award in a glitzy event held at the Island Shangri-La hotel in Hong Kong. GGEF is the first and only awards

Biomass Ventures Founder and Chairperson Lucky Dissanayake shares her journey of success

Views - 532 Monday, 24 June 2019 00:00

In creating Biomass Ventures, I have not been afraid to ‘think big’, because I have recognised that the opportunity for our business is massive and because I understand that the needs that we are addressing are monumental. In effect, we achieve

Today's Columnists

Research and Development: Is it essential for Sri Lanka?

Thursday, 23 January 2020

Not long ago, on the day of our 71st Independence Day celebrations, the Army for the first time in our history paraded a locally built Multi-Barrel rocket launcher. It was never revealed that the Sri Lanka Army had an R&D wing named Center for Resear

Our heritage is Kandyan law; not Roman Dutch law as Rathana Thero thinks

Thursday, 23 January 2020

There were four bills presented by private members to the Parliament on 8 January (one bill is to be presented) which were already advertised in the gazette. They were to repeal the Kandyan Marriage and Divorce Act No. 44 of 1952; to repeal the Musli

Sri Lanka at tipping point ?

Thursday, 23 January 2020

Let’s accept it, Sri Lanka is in trouble with the economy growing at +2.6%, exports declining for the fifth month in a row to register a marginal +1% growth, tourism declining by -20% and S&P credit rating at B with Negative Outlook, which sure ind

The importance of business incubators for emergence of new businesses

Thursday, 23 January 2020

The new Government is poised to enter an arena in the development of entrepreneurship in the country which most of the developed countries have succeeded at the initial stages as well as in continuous efforts. The appointment of the new chairman and

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