Special Report

Saving lives, one stroke at a time

Views - 250 Wednesday, 12 February 2020 00:00

Drowning is the lead cause of death among 1-14 year olds, a new report on drowning prevention has revealed, with a worrying lack of “basic swimming skills” among most Sri Lankans cited as one of the main causes. “We are in an island with so man


SL is not an economic island hence more vulnerable to external shocks

Views - 639 Wednesday, 5 February 2020 00:20

Famous Lankan born economist Dr. Howard Nicholas recently enlightened two separate fora on some of the recent developments in global economy and financial markets and their likely impact on Sri Lanka. Organised by the Economic Training and Informatio


CSBM and WIF ‘International Conference on Women Entrepreneurship’ a great success

Views - 465 Monday, 27 January 2020 00:07

“Empower a woman, and empower the whole nation.” This is proven by empirical research globally. By 2019, the global female population accounted for approximately 50% out of the total world population and 52% in the Sri Lankan context. Thus, empow


MTI’s Business Review of 2019 and Outlook for 2020

Views - 724 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 - 863 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 - 374 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 - 356 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 - 343 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 - 579 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 - 730 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 - 353 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 - 361 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 - 644 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 - 691 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 - 427 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 - 347 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 - 245 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 - 181 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 - 425 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 - 73 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 - 191 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 - 144 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 - 237 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 - 501 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 - 512 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 - 2422 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 - 263 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 - 361 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 - 414 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 - 476 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


Today's Columnists

Diplomatic drone strike, Indo-Lanka equation and constitutional change

Thursday, 20 February 2020

The ‘diplomatic drone strike’, the dramatic US strictures against the Army Commander, Lt. Gen. Shavendra Silva, tells us that Big Brother IS watching. This isn’t the usual suspects, its way out of their league. This is the Big League, the big b


Solar and wind power can resolve electricity crisis, early and cheaper, if allowed

Thursday, 20 February 2020

The country is facing the worst power situation in the history, with electricity generation being unable to meet the demand, with generation costs among the most expensive in the world. With the current scenario, the country cannot be expected to com


Sri Lanka: A great ocean polluter with plastics? No, we are not!

Thursday, 20 February 2020

I was going through the corridors of an impressive State training facility in the heart of Colombo and witnessed the message on each floor as you await the lift that Sri Lanka is the fifth largest marine polluter with respect to single use plastics!


Future of higher education and challenges for public universities in Sri Lanka

Thursday, 20 February 2020

We are constantly told that the workplace or private spaces of the future will be radically changed due to rapid technological changes, but the only certainty about this future is its uncertainty. How do we face such an uncertain future? The consensu


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