Special Report

China’s sovereign wealth fund hits $ 900 b

Views - 114 Thursday, 12 October 2017 00:00

Beijing (Xinhua): Total assets of China Investment Corporation (CIC), the country’s sovereign wealth fund (SWF), surpassed $ 900 billion dollars as of August. The figure is more than triple the original capital of $ 249 billion when the fund was fo

UK, China can cooperate in innovation over Belt and Road opportunities 

Views - 38 Thursday, 12 October 2017 00:00

Washington (Xinhua): China will not resume the rapid credit expansion of recent years to fuel growth as authorities have made controlling financial risks a top priority, a leading U.S. scholar on China said Thursday.

China’s anti-graft drive wins people’s trust

Views - 38 Thursday, 12 October 2017 00:00

Beijing (Xinhua): More than 70,000 officials at or above the county-head level have been investigated for suspected corruption since the 18th Communist Party of China (CPC) National Congress in 2012, the top anti-graft body of the CPC said Saturday.

Chinese automaker BYD unveils North America’s largest electric bus factory

Views - 179 Thursday, 12 October 2017 00:00

Lancaster, the United States (Xinhua): Chinese carmaker BYD unveiled Friday its expanded battery-electric bus manufacturing facility, North America’s largest, in the U.S. city of Lancaster in southern California. BYD, which stands for “Build Your

Cyber security implications in banking and financial services sector growing

Views - 105 Monday, 9 October 2017 00:00

Implications of cyber security in the banking and financial services sector are growing according to Cisco’s Director – Security Business – India and SAARC Vishak Raman.

Industrial Control Systems inherently vulnerable to cyber attacks

Views - 21 Monday, 9 October 2017 00:00

US-based Bayshore Networks Senior Director for Industrial Control Systems Dr. Vincent Turmel said industrial controls were inherently vulnerable.

Personal data losses continue to accelerate

Views - 72 Monday, 9 October 2017 00:00

Visa’s Chief Risk Officer for India and South Asia Shivakumar Sriraman said the future is digital and that future is now and in today’s digital world, change is coming fast.

Hackers find social media easy prey

Views - 110 Monday, 9 October 2017 00:00

At the Daily FT-CICRA Summit, social media security specialist the US-based ZeroFox’s Executive Vice President Global Services Gabe Goldhirsh shared key insights to the growing risks of cyber security in the world’s fastest growing platform.

Cyber security is not a technology issue but an organisational need

Views - 68 Monday, 9 October 2017 00:00

Airtel CEO Jinesh Hedge declared that cyber security is a business investment concern as opposed to a challenge to a company’s IT division.

More complex cyber security threats pose serious ongoing challenge to business

Views - 230 Monday, 9 October 2017 00:00

Cisco Managing Director, Global Security Sales Organization, Asia Pacific and Japan Stephen Dane told the Daily FT-CICRA Cyber Security Summit that because cyber security threats have become more complex, targeted, and persistent, they pose a serious

Hackers and how to protect your organisation

Views - 339 Monday, 9 October 2017 00:00

In Stieg Larsson’s bestselling Millennium trilogy protagonist Lisbeth Salander manoeuvres her way into someone’s computer by simply hacking their WiFi router.

Association of Professional Bankers Sri Lanka (APB)

Views - 138 Wednesday, 4 October 2017 00:00

In early 1988, a group of enthusiastic senior bankers saw the need to form an association to promote professionalism in the industry

Employee empowerment on service quality improvement for dynamic banking industry

Views - 70 Wednesday, 4 October 2017 00:00

‘Employee empowerment’ is a buzz word in management circles. What is employee empowerment? It is “to give someone official authority or the freedom to do something, or encourage and support the ability to do something”.

APB members get together

Views - 77 Wednesday, 4 October 2017 00:00

APB held its members get together recently. Here are some highlights

UNICEF launches 3 powerful films calling on all Lankans to protect children

Views - 68 Monday, 2 October 2017 00:04

Marking Sri Lanka’s Children’s Day which fell on 1 October, UNICEF has released a set of three, powerful five-minute films that call on all Sri Lankans to urgently prevent and protect children and young people from all forms of violence including

Experts make case for why branding is essential for biz success

Views - 514 Wednesday, 20 September 2017 00:00

Experts believe that rapidly-expanding business dynamics call for crucial restructuring of corporate branding strategy and insisted that brands in the new millennium will need to be responsible and responsive to consumers and other stakeholders.

BOI celebrates 40 years of excellence with tribute to JR, investors and workers

Views - 317 Monday, 18 September 2017 00:00

The BOI celebrated the advent of its 40th year on Friday with a high-energy, colourful event that paid tribute to the country’s investors and employees.

China is Sri Lanka’s biggest source of FDI, but there is room for more

Views - 458 Friday, 15 September 2017 00:00

Chinese investment in Sri Lanka has grown significantly in the last five years but it continues to remain low as a share of GDP and in comparison to other countries in the region.

After roads and railways, China’s Silk Road dealmakers eye financial firms

Views - 198 Friday, 15 September 2017 00:00

HONG KONG (Reuters): After ports and industrial parks, the dealmakers leading China’s trillion-dollar push to build a modern Silk Road are turning to the financial sector, targeting Europe’s banks, insurers and asset managers to tap funds and exp

China to blacklist firms violating overseas investment rules

Views - 139 Friday, 15 September 2017 00:00

SHANGHAI (Reuters): China will blacklist entities which violate tougher new rules about investing overseas, part of a wider crackdown on risky investments outside China’s borders, the state-run China Daily newspaper said on Thursday, citing a senio

Young leaders show the way for 2018 Budget

Views - 1255 Thursday, 14 September 2017 00:00

Representatives of key industries yesterday presented their main proposals for consideration at the 2018 pre- Budget forum organised by the Daily FT and the Colombo University MBA Alumni Association with Standard Chartered Bank as the Strategic Partn

New Inland Revenue Act: What it is and new amendments

Views - 1930 Monday, 11 September 2017 00:00

A new income tax law, to be effective from 1 April 2018, was passed in Parliament last week. KPMG has published a Tax Alert based on the Bill and Committee Stage amendments made available. Revisions from the original Bill (tabled in June) have been h

First-ever Lankan President of International Toastmasters Balraj calls for “people first”

Views - 349 Wednesday, 6 September 2017 00:00

It is with utmost humility and resolve that I accept the trust you have placed in me as your International President.

Overcoming the conventional stumbling blocks to global success

Views - 593 Wednesday, 6 September 2017 00:00

The field of software, which is currently “eating the world”, is the great equaliser in terms of affording tech entrepreneurs the chance to reach global success in spite of the country they operate from, stated WSO2 Founder, CEO and Chief Archite

How long are we going to be silent?

Views - 225 Wednesday, 6 September 2017 00:00

Helidarawwa (The Exposure), a book written by Dr. Nalaka Godahewa discussing the current social, economical and political environment of the country, was launched on 1 September at the Sri Sambuddha Jayanthi Auditorium under the patronage of former P

Unilever and UNGC partner to mobilise collective action in Sri Lanka

Views - 259 Wednesday, 6 September 2017 00:00

Unilever Sri Lanka together with the United Nations Global Compact (UNGC) Sri Lanka hosted a discussion on public-private sector partnerships to achieve the 2030 Sustainable Development Goals (SDGs) at the Hilton, Colombo, recently.

Sri Lanka seeks an inclusive peaceful, stable, and secure Indian Ocean, calls for a Code of Conduct

Views - 55 Tuesday, 5 September 2017 00:00

Following are the remarks by Ministry of Foreign Affairs Secretary Prasad Kariyawasam at the Panel on Peace in the Indian Ocean Region Indian Ocean Conference 2017 on 1 September

2nd Indian Ocean Conference themed ‘Peace, Progress & Prosperity’ held in Colombo

Views - 182 Tuesday, 5 September 2017 00:00

The second Indian Ocean Conference, which recently concluded in Colombo, brought together the stakeholders of this region together on one platform so that there is discussion and collaboration on how to achieve peace, progress and prosperity. This is

“Indian Ocean a vital component in Sri Lanka’s national economic development policies”

Views - 74 Tuesday, 5 September 2017 00:00

Following is the address by Minister of Foreign Affairs Tilak Marapana at the Indian Ocean Conference 2017

Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law

Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence

Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.

Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing

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