Special Report

Key role for Sri Lanka in China’s Belt and Road Initiative: Shanghai Institute of International Stud

Views - 1878 Thursday, 20 July 2017 00:05

By Nisthar Cassim Sri Lanka is uniquely located to play a very important role in the Belt and Road Initiative (BRI) hence greater bilateral economic cooperation is critical, a top Chinese think tank declared recently. “Sri Lanka enjoys s

Shanghai Institute of International Studies delegation to visit Sri Lanka

Views - 1526 Thursday, 20 July 2017 00:01

The Shanghai Institute of International Studies has forged a partnership with the Pathfinder Foundation to foster greater Sri Lanka-China collaboration.  A team from SIIS will be in Sri Lanka later this year as part of a fact-finding missio

GE in search of new partnerships

Views - 1952 Thursday, 20 July 2017 00:00

Global multination General Electric (GE) is implementing its slogan ‘Imagination at Work’ in Sri Lanka searching for new investment opportunities and engagement with the Government including pushing for the finalising of a dragging loc

A new breed of accountants

Views - 1712 Tuesday, 18 July 2017 00:28

  By Uditha Jayasinghe  Management accountants have to keep up with rapidly evolving technology by transforming themselves into prophets who can understand future trends in a global marketplace or risk becoming dinosau

17th CIM Annual Conference kicks off to embrace ‘Digital Transformation’

Views - 1752 Tuesday, 18 July 2017 00:27

    By Charumini de Silva The Chartered Institute of Marketers’ flagship event, the CIM Annual Conference 2017 kicked off last night to drive home the importance of ‘Digital Transformation’

Sri Lanka, Bangladesh issue joint statement

Views - 1530 Monday, 17 July 2017 00:06

Following is the joint statement issued by Sri Lanka and Bangladesh following the successful conclusion of the State Visit of Maithripala Sirisena, President of the Democratic Socialist Republic of Sri Lanka to the People’s Republic of Bangl

The world’s invisible water crisis

Views - 2672 Monday, 10 July 2017 00:12

By Madushka Balasuriya ​What is the biggest crisis facing the world today? War? Famine? Global warming? A sound case could be made for each, but in terms of immediacy and across the board impact, they all pale in comparison to the loomin

Trinity Steel takes off

Views - 2564 Friday, 7 July 2017 00:00

Following is the address by Deshabandu Tilak de Zoysa at the launch of Trinity Steel on 22 June   Hon. Minister Daya Gamage, Mr. Upul Jayasooriya, the Chairman of the BOI, Mr. Arindam Bagchi – Deputy High Commissioner fo

Fundamental rights of Sri Lankans violated as decision makers profit from Uma Oya commissions

Views - 2323 Tuesday, 4 July 2017 00:00

  Text and pix by P.D. De Silva “The fundamental rights and fundamental duties of Sri Lankans are violated by decision makers to profit from commissions doled out for disastrous projects like Uma Oya,” said Sama

Binod Chaudhary’s words of wisdom for private sector and Sri Lanka

Views - 2499 Monday, 3 July 2017 00:00

Following is the address delivered by CG Corp Global Chairman Binod K. Chaudhary at the 178th AGM of the Ceylon Chamber of Commerce on 29 June At the head table from left: CCC Deputy Vice Chairman Vish Govindasamy, CCC Vice Chairm

CNN journalists resign over retracted story about Trump-Russia ties

Views - 2074 Friday, 30 June 2017 00:00

Los Angeles (Variety.com): Three CNN editorial staffers have resigned in the wake of last week’s retracted story that suggested a questionable link between an ally of President Trump and a Russian investment fund. Thomas Frank, Eric Lichtb

Populism, ‘fake news’ dominate DW’s 10th Global Media Forum

Views - 1568 Friday, 30 June 2017 00:00

Journalists, politicians and activists debated issues of identity and diversity for three days in Bonn last week at the Deutsche Welle 2017 Global Media Forum.  “Ten years ago, we held the first Global Media Forum (GMF) here in Bonn

The dawn of the smartphone-savvy ‘jeans journalist’

Views - 936 Friday, 30 June 2017 00:00

Most journalism discussions today include a debate on the merits and disadvantages of social media. The inaugural day of DW’s Global Media Forum last week was similarly steeped in a discussion about social networks. CNN journalist Yusuf Om

Freedom of speech is stronger than all despots: DW Director General Limbourg

Views - 867 Friday, 30 June 2017 00:00

“I have a message for all despots, autocrats and dictators: You will not oppress freedom of speech forever. Freedom of speech is stronger than you.” With these words, DW Director General Peter Limbourg opened the GMF. Nearly 2,000 ex

Closing intellectual property gaps for investment

Views - 1129 Thursday, 29 June 2017 00:00

 BOI Chairman Upul Jayasuriya, Julius & Creasy Law Firm Senior Partner J. M. Swaminathan, Nithya Partners Law Firm Senior Partner Chanaka de Silva, MAS Holdings Group Director  Legal Rajitha Jayasuriya and Ceylon Tobacco Company Ma

NelsonHall Report recognises VirtusaPolaris as a leader in RPA and AI in banking

Views - 838 Wednesday, 28 June 2017 00:00

VirtusaPolaris announced this week that NelsonHall’s Vendor Evaluation and Assessment (NEAT) report on Robotic Process Automation and Artificial Intelligence in Banking positions VirtusaPolaris as a leader in the overall market segment. 

Financial technology services poised for mainstream adoption on a global scale

Views - 837 Wednesday, 28 June 2017 00:00

  EY FinTech Adoption Index says 1 in 3 digitally active consumers using FinTech  Consumers in China show highest level of FinTech adoption, with69%of respondents regularly using these services UK

Banks’ blockchain consortium picks IBM for trade finance platform

Views - 900 Wednesday, 28 June 2017 00:00

Reuters: Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies. Trade finance was iden

Innovators in payment technology hailed at LankaPay Technnovation Awards 2017

Views - 822 Wednesday, 28 June 2017 00:00

Organised with the objective of driving financial inclusivity in the country by fuelling the use of electronic transactions, Sri Lanka’s first and the only Payment Technology Innovation Awards –LankaPay Technnovation Awards 2017 reac

Sri Lanka’s electricity generation plan 2018-2037

Views - 2769 Wednesday, 21 June 2017 00:00

Sri Lanka’s State electricity utility, the Ceylon Electricity Board, in April submitted the Least Cost Long Term Generation Expansion Plan (LCLTGEP) 2018-2037, the electricity generation and expansion plan for the next 20 years, to its regu

Making use of a giant advantage

Views - 2652 Tuesday, 20 June 2017 15:52

  By Charumini de Silva Experts believe the rapidly expanding economies of India and China present huge opportunities for Sri Lanka but they come with strong lessons of adaptation for the country if it is to make full use o

Making use of a giant advantage

Views - 3757 Tuesday, 20 June 2017 08:33

Sri Lanka has to explore growth opportunities with economic giants India and China   By Charumini de Silva Experts believe the rapidly expanding economies of India and China present huge opportuniti

Bringing benefits from BRI

Views - 1536 Monday, 19 June 2017 00:02

Exploring fresh perspective on how Sri Lanka can achieve growth from China’s Belt and Road Initiative By Uditha Jayasinghe  China and India are the global growth engines of the future and for Sri Lanka the potential econo

12 unsung heroes feted by Janashakthi National Civilian Bravery Awards

Views - 1040 Monday, 19 June 2017 00:01

By Charumini de Silva The Foundation of Civilian Bravery Sri Lanka and Janashakthi Insurance PLC recognised 12 unsung heroes who attempted to save others from peril at the 23rd ‘Janaskakthi National Civilian Bravery Awards’ held in C

West underestimates China’s new Silk Road, says German envoy

Views - 1195 Friday, 16 June 2017 00:00

Beijing (Reuters): Western countries are underestimating China’s new Silk Road project, which is an important scheme, despite concerns it is too China-centric and so far lacking in opportunities for foreign firms, Germany’s Ambassador

A brilliant future for China-SL cooperation under the ‘Belt and Road’ initiative

Views - 2058 Friday, 16 June 2017 00:00

On 14 and 15 of May, The Belt and Road Forum (BRF) for International Cooperation was successfully held in Beijing. This international gathering brought together 29 heads of state and government, and 1,500 representatives from over 130 countries an

IMF raises China 2017 growth forecast again, partly due to ‘policy support’

Views - 874 Friday, 16 June 2017 00:00

Beijing (Reuters): The International Monetary Fund on Wednesday raised its forecast for China’s 2017 economic growth to 6.7%, its third increase this year, citing “policy support, especially expansionary credit and public investment&rd

China-led AIIB approves $ 324 m in infrastructure investment

Views - 791 Friday, 16 June 2017 00:00

BEIJING (Reuters): The China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday it has approved two loans and one equity investment worth $324 million across Georgia, Tajikistan and India. The bank’s first ever equity inve

APB President plans activities to fulfil core objectives of bank

Views - 908 Thursday, 15 June 2017 00:00

Newly elected APB President Senerath Bandara during his tenure of presidency plans to organise an array of activities fulfilling the core objectives of APB. The activities include evening lectures, e-journals, publishing articles useful to the gen

Navigating success in a man’s world

Views - 3328 Wednesday, 14 June 2017 00:01

CICT Commercial and Marketing Head Catriona Jayasundera – Pic by Lasantha Kumara   When Catriona Jayasundara first began work in the shipping industry in 2002 it was a highly male-dominated industry. In fact Catriona was

Today's Columnists

Sustainable tourism – New profit for businesses

Tuesday, 26 September 2017

World Tourism Day has been celebrated since 1980 on 27 September, the day in which the Statutes of the World Tourism Organization (UNWTO) entered into force.

Do economic sanctions matter to Iran?

Tuesday, 26 September 2017

Economic sanctions are not a new phenomenon to Iran. It has been 38 years since the Iranian revolution (1979) took place. Since then, the United States, European Union and some other countries have been imposing

It is an uphill task for the Govt. to attain the envisaged targets

Monday, 25 September 2017

In Part 1 of the article series on the Government’s Vision 2025 published last week, it was pointed out that the present vision document was just the fourth of such visions pronounced by the Government during the last two year period.

Women for tourism

Monday, 25 September 2017

Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.

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