Special Report

Addressing illicit markets – why it’s a priority

Views - 132 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 - 334 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 - 521 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 - 718 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 - 336 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 - 356 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 - 586 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 - 663 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 - 393 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 - 327 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 - 223 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 - 169 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 - 414 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 - 64 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 - 186 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 - 137 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 - 216 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 - 481 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 - 478 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 - 1998 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 - 255 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 - 337 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 - 398 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 - 465 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 - 3090 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 - 730 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 - 515 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


2019 GGEF Women Eco Game Changers Awards winners

Views - 174 Monday, 24 June 2019 00:00

nGerman Sustainable Building Council Chief Executive Officer Christine Lemaitre received the Eco Innovator Award honouring her contribution to tackling global challenges through design and urban planning nReconnect Founder and Chief Executive Officer


A primer on conduct of monetary policy and central banking in Sri Lanka: Past, present and future

Views - 995 Monday, 10 June 2019 00:00

1. Introduction With the objective of institutionalising the achievement of maintaining single digit inflation for a continued period of over 10 years, the Central Bank of Sri Lanka has announced the adoption of flexible inflation targeting as its m


Muslim communities assist security operations in WP

Views - 673 Monday, 3 June 2019 00:00

In the aftermath of organised mob attacks on Muslims in Gampaha and the North Western Province, Muslims in Biyagama are still having sleepless nights in fear of a similar hostile backlash. “We have no issues or differences with our neighbours, who


Today's Columnists

Roots of the crisis

Saturday, 14 December 2019

The candidates who had genuinely contested the Presidential Election had elaborate and attractive election manifestos. But none of them had a pragmatic program to address the basic question of how to overcome the extensive crisis Sri Lanka is facing.


What price reforms now that progress rules?

Friday, 13 December 2019

It was a famous victory. A shadow of a doubt persists after an election commission member spoke up recently, after the event, about an alleged irregularity somewhere in the voting system works. But this would be churlish, buffoonish and academic to t


Assessment of fitness and propriety of directors and officers

Friday, 13 December 2019

In the early ’80s, a businessman turned financier from the hill capital started a public deposit canvassing drive by offering 20% interest per month. The depositors were offered on the spot payment of 20% as interest for the first month for their d


How to select top officials to public corporations

Friday, 13 December 2019

It is commendable that the President wants to select suitable decision-makers to public corporations without them being mere and ad hoc political appointments. However, the process thus far seems somewhat weak. Various people are complaining about th


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