W. A. Wijewardena

Issue of Treasury bonds: CB has finally vindicated direct placements

/ Monday, 14 August 2017 00:02

The reintroduction of the direct placement system under a new format by the Central Bank is a welcome sign   Restorat...


Plotting to breach the confidentiality of the Central Bank? Not a matter to be ignored

/ Tuesday, 8 August 2017 00:00

Why should someone plot to obtain information pertaining to the Central Bank? That is because such information has economic value and could be used...


Education should be reformed to create creative capital and not mere human capital

/ Monday, 31 July 2017 00:10

The objective of education should be to create relevant and applicable wisdom among students The continued economic prosperit...


Rescuing tea industry: Time to act global after thinking global too!

/ Monday, 24 July 2017 00:01

A nation savouring small gains An important message was delivered to Sri Lanka’s policymakers and bastions in the tea industry by ...


Privately funded education vs. publicly funded education: Elimination of myths needed

/ Monday, 17 July 2017 00:09

Two issues raised by readers Several readers of the last week’s article in this series (available at: http://www.ft.lk/article/627020/SAITM...


SAITM: A war unto a finish to protect their interests by monopolies and oligopolies

/ Monday, 10 July 2017 00:32

GMOA has been in the practice of announcing wildcat strikes demanding the closure of SAITM, crippling the country’s State-sponsored medicare ...


Green accounting for sustainable development: Much to be done to convert hype to reality

/ Monday, 3 July 2017 00:16

Keynote address delivered at Wayamba University’s research symposium To be of use, green accounting has to be accepted by global comm...


Saman Kelegama: Even the blood running through his veins is oriented to economics

/ Tuesday, 27 June 2017 00:10

The bearded economist who saw shortcomings of Sri Lanka’s liberalisation move My association with Dr. Saman Kelegama, Executive Director of...


Sri Lanka has no choice but to grow with giants

/ Monday, 19 June 2017 00:10

Sri Lanka has no choice but to adopt a development strategy that helps it to grow with giants – Pic by Shehan Gunasekara   ...


Asking a wings-clipped Finance Minister to fly is a classic repeat of ‘Dunna Dunugamuwe’

/ Monday, 12 June 2017 00:01

An unorthodox and illogical functional allocation President Maithripala Sirisena has issued the Extraordinary Gazette Notification dated 7 June 2...


Missing the bus to prosperity: Sri Lanka should now go for comprehensive reforms instead of savouring ‘Small Miracles’

/ Monday, 5 June 2017 00:10

Samaraweera’s commitment to policy reforms Finance Minister Mangala Samaraweera, lamenting over the country’s missed opportuniti...


New Finance Minister has a Herculean task ahead; he will win only if he moves with foresight

/ Monday, 29 May 2017 00:05

New Finance Minister Mangala Samaraweera officially assuming duties at the ministry  – Pic by Pradeep Pathirana   P...


One Belt One Road Initiative: When Donald Trump closes up, Xi Jinping plans to open up

/ Monday, 22 May 2017 00:07

Chinese President Xi Jinping together with Heads of Governments including Sri Lanka’s Prime Minister Ranil Wickremesinghe pose for a...


CB Annual Report 2016: Bold in critical analysis and proactive in policy recommendations

/ Monday, 15 May 2017 00:21

Release of CB Annual Report 2016 The Monetary Board released its Annual Report on the state of the economy in 2016, commonly known as the Ce...


Reform of Exchange Controls – Part III: Proposed Foreign Exchange Act, an improvement on many counts, but not free from ghostly features contained in the present one

/ Monday, 8 May 2017 00:04

Making exchange control a permanent law In parts one and two of this series (available respectively at: http://www.ft.lk/article/610886/Refo...


Reform of exchange controls – Part II: Bringing exchange controls to the permanent law book

/ Tuesday, 2 May 2017 00:00

 The Central Bank implements ECA as the agent of the Government and for that purpose has to create a separate department called the Exchange C...


Reform of exchange controls: There is a need, but do it correctly – Part I

/ Monday, 24 April 2017 00:01

The first Ceylonese Governor of the newly-established Central Bank N.U. Jayawardena ​ Proposal to reform exchange contro...


Emerging challenges in the power sector: Unless tackled urgently, future growth is gloomy

/ Monday, 17 April 2017 00:10

  SLEA to analyse critical economic issues   The Sri Lanka Economic Association, abbreviated as SLEA, under ...


Prof. Dharma De Silva: The unforgettable trailblazer in management education in Sri Lanka

/ Tuesday, 11 April 2017 00:10

  Professor Dharma De Silva (extreme left) with Vice Chancellor Rev Walpola Rahula (extreme right) at a book donation ceremony to Vidy...


Alleged losses at EPF: Monetary Board will open itself to outside inquiry by playing slow mode

/ Monday, 3 April 2017 00:03

Massive losses at EPF through imprudent bond deals Media reports last week had referred to an alleged loss of Rs 9.5 billion at the Employee...


Today's Columnists

India’s ‘Act East’ policy rests on forging closer links with ASEAN

19 August 2017

Given its seemingly-intractable problems with neighbours Pakistan and China, India has been reaching out to friendlier countries beyond the region, both to its West and the East.  In the East, its key partners are Japan and the Association ...


When political power is wielded by a small elite

18 August 2017

How did some nations, like a Japan, China, United Stated, become wealthy and powerful, while others remain stuck in poverty? And why do some of those powers, from ancient Rome to the modern Soviet Union, prosper for periods and then collapse? Pol...


Cleanse those ‘Augean Stables’ – don’t just bolt the barn doors!

18 August 2017

I am amazed – and amused – by the spate of “ministerial responses” to Ravi’s exit last week. The Prime Minister has promised to expedite the backlog of anticorruption cases his administration appears to have shelved f...


Risk management: Everyone’s business!

18 August 2017

Home truths   Organisations and their employees takerisks and also managerisksevery day.  Of course, it is a part of the business and the service delivery operations. However, often, the management of risks is confined...


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