Columnists,W. A. Wijewardena

Part III of the Central Bank Anniversary Oration Central Bank should play role of a smart wife to mo

Views - 132 Monday, 17 September 2018 00:00

In Parts I and II of this series, it was presented that Central Banks, created by society and not by politicians, have the mandate to preserve the value of money which the public holds on trust. The Central Banks could do so by producing money by usi


Part II: Central Bank Anniversary Oration 2018 Hawks, doves, swingers and pigeons in Central Banks

Views - 373 Monday, 10 September 2018 00:03

In the previous part (available at: http://www.ft.lk/columns/Revisiting-Central-Bank-s-independence/4-662019 ), it was presented that Central Banks are required to use their power to print money responsibly, so that people who hold those moneys have


Revisiting Central Bank’s independence

Views - 389 Monday, 3 September 2018 00:00

It is good to be back after 9 years, if I use a slightly amended phrase borrowed from Madonna, the pop singer. When she visited Argentina, 13 years after she had played the main role ‘Eva’ in Evita, to sing to an ecstatic live audience ‘Don’t


Challenge of learning is how to transform information to wisdom: Prof. Worsak Kanok-Nukulchai

Views - 599 Monday, 27 August 2018 00:00

The outgoing President of the Thailand-based Asian Institute of Technology or AIT, Professor Worsak Kanok-Nukulchai, is an unconventional academic.


Singapore miracle – How SL could benefit from trade with Singapore

Views - 1378 Monday, 20 August 2018 00:00

According to a media report released by President’s Media Division, a committee of experts has been appointed by the President to examine and report on ‘the practical impact and use of the proposed officer policy guidelines and recommendations on


Part III: National Export Strategy 2018-22: Focus on selected sectors welcome but challenging

Views - 473 Monday, 13 August 2018 00:52

In the previous two parts of this series (available at: http://www.ft.lk/columns/Part-I--National-Export-Strategy-2018-22--Disrupt-the-economy-fast-if-the-goals-are-to-be-attained/4-659860; http://www.ft.lk/columns/Part-II--National-Export-Strategy-2


Part II: National Export Strategy 2018-22: Introducing measurable physical targets

Views - 419 Monday, 6 August 2018 00:00

In part I of our analysis of the National Export Strategy or NES (available at: http://www.ft.lk/columns/Part-I--National-Export-Strategy-2018-22--Disrupt-the-economy-fast-if-the-goals-are-to-be-attained/4-659860), we commended the Export Development


Part I: National Export Strategy 2018-22: Disrupt the economy fast if the goals are to be attained

Views - 735 Monday, 30 July 2018 00:00

Sri Lanka’s Export Development Board, better known as EDB, released the country’s National Export Strategy, dubbed as NES, last week after conducting a series of national consultations for over a year with main stakeholders (available at: http://


Graduates have responsibility to impart digital knowledge to fellow citizens

Views - 431 Monday, 23 July 2018 00:10

Let me congratulate all those who receive their degrees today at this General Convocation on the achievements they have made.


Disruptive economy and poverty of knowledge: Sri Lankans have a lot to learn

Views - 752 Monday, 16 July 2018 00:00

The poor are usually defined as those who are below a given level of income that would be insufficient to meet their basic needs. In my view, the poor – no matter whether it is an individual, family or a nation – are those who are unable to read


Resolving the paradox of rice-poverty amidst plenty

Views - 925 Monday, 9 July 2018 00:10

Sri Lankans are great rice eaters. On average, they eat 108 kg of rice per person per year as against the world average of just 54 kg per head. A plate of rice eaten by an average Sri Lankan is usually equated to Adam’s Peak or Samanala Kanda.


The killing of ‘the leopard’ and call for the return of ‘a Hitler’

Views - 918 Monday, 2 July 2018 00:00

Last week, the mainstream media as well as social media was abuzz with two explosive stories.


Crisis-ridden Sri Lanka economy: Time for economics to prevail on politics

Views - 1256 Monday, 25 June 2018 00:10

Sri Lanka’s official statistics bureau, Department of Census and Statistics or DCS, has released the country’s 2018 first quarter provisional economic growth data in its website (available at: http://www.statistics.gov.lk/national_accounts/dcsna_


Craving a world with free migration of Homo sapiens

Views - 595 Monday, 18 June 2018 00:00

During the discussion time following the presentation of a paper by former diplomat Tamara Kunanayakam on the invasion of Sri Lanka’s economic policymaking by neoliberal economic thinkers two weeks ago, Colombo University’s economics don Lalithas


Sri Lanka has lost economic sovereignty, target of neoliberal economic hitmen: Tamara Kunanayakam

Views - 1266 Monday, 11 June 2018 00:00

Tamara Kunanayakam, formerly a UN official and Diplomat and presently, civil and human rights activist cum public voice maker,


Mahathir’s second coming: Lesson for Sri Lankan leaders ‘Deliver what you promise’

Views - 994 Monday, 4 June 2018 00:10

The election of 92-year-old Dr Mahathir Mohamad, commonly known as Mahathir, to premiership by Malaysian voters, especially the young voters, has been a surprise to many.


Channa de Silva: ‘Technology should be for people’s convenience'

Views - 812 Monday, 28 May 2018 00:10

Channa de Silva, CEO of LankaClear, Sri Lanka’s official clearing and payment services provider, declares convincingly: “I firmly believe that technology should be for improving people’s convenience.”


Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Views - 866 Monday, 21 May 2018 00:10

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.


Introduction of fintech regulatory sandbox by Central Bank is a move in correct direction

Views - 1032 Monday, 14 May 2018 00:10

The Central Bank of Sri Lanka has recently announced its intention to create a sandbox for financial institutions to experiment with new financial technologies


Rohan Pallewatta: Man who has proved that Sri Lanka can also do

Views - 8407 Tuesday, 8 May 2018 00:10

A speaker with a guitar Imagine a scenario like this. You invite a CEO of a successful start-up company to speak to your students. Your wish has been to drive the message home to students that they do not have to live with a constant defeatist mental


Rupee’s sad destiny of one-way journey to depreciation

Views - 1245 Tuesday, 1 May 2018 00:10

Sudden fall in the value of the rupee The recent media reports have been abuzz with a sudden fall in the value of the Sri Lanka rupee against the US dollar, the benchmark currency used by Sri Lanka to quote the external value of its currency. The C


Designers of Sri Lanka’s Future: Episode I Nihal Ranasinghe

Views - 866 Monday, 23 April 2018 00:10

To sustain economic growth, Sri Lanka needs a critical pool of daring people who would see things differently and design a new future.


Success at issue of dollar notes should not be a substitute for taking early measures to fix economy

Views - 625 Tuesday, 17 April 2018 00:57

The Central Bank has brought $ 2.5 billion to the country by issuing Sri Lanka Government Sovereign but ‘Senior Unsecured Notes’ in the international markets (available at: https://www.cbsl.gov.lk/en/news/the-democratic-socialist-republic-of-sri-


Now that CB has done its job, RW & Harsha should pick up the ball & play the game

Views - 1112 Monday, 9 April 2018 00:10

The Central Bank in its second monetary policy review in 2018, released last week, has cautiously and partially relaxed the tight policy package it had introduced earlier when inflation was rearing its ugly head causing chaos to investment initiative


Belated transfer of CB back to Finance Ministry is welcome, but some more follies to be rectified

Views - 652 Monday, 2 April 2018 00:10

A confusing folly committed by the new government in January 2015 happened to be the listing of the Central Bank and other financial institutions away from the Ministry of Finance.


Policy disagreement in Unity Govt. has been the killer of the economy

Views - 835 Monday, 26 March 2018 00:00

According to the data released by the Department of Census and Statistics or DCS – the country’s official statistics bureau – Sri Lanka’s economy has grown in 2017 by 3.1%


Harsha’s plan to innovate the economy is welcome but time is running out for him

Views - 858 Monday, 19 March 2018 00:48

The State Minister for National Policies and Economic Affairs, Dr. Harsha de Silva, in his second incarnation in that ministry, has acted promptly to propose a strategy to convert Sri Lanka into an innovation and entrepreneurship economy.


Economy suffers with few people acting on the slogan ‘Sri Lanka is ours and not theirs’

Views - 1108 Monday, 12 March 2018 00:10

The slogan that is being shouted in an angry loud voice by a minority section of Sri Lanka’s majority Sinhala Buddhist population conveys a non-negotiable message to minorities in the country.


Dhammika Perera: An economist par excellence though not trained formally as an economist

Views - 2042 Monday, 5 March 2018 00:10

Humans who forget that they are wired as economists Dhammika Perera, businessman, entrepreneur, wealth-creator and many more, admits humbly that he has never been formally trained as an economist. But, that is an under-assessment, since there is an e


Number-twisting game may be self-pleasing but not in accord with economic laws

Views - 717 Monday, 26 February 2018 00:10

The local government elections that concluded on 10 February 2018 have shaken the ruling United National Party(UNP)to its foundation.


Today's Columnists

East Container Terminal blunder: Learn from Chinese

Tuesday, 18 September 2018

Minister for Ports and Shipping Mahinda Samarasinghe informed the press in August that Cabinet has approved the development of East Container Terminal (ECT) of Colombo Port by the Ports Authority. According to approval: nPorts Authority would develop


President Sirisena, playing with fire, must take note that smoke will get into his eyes

Tuesday, 18 September 2018

Penchant for playing with fire President Gamaralalage Sirisena has always had a penchant for playing with fire. He did fire-play at the local government elections when he made a disastrous U-turn and went round country blasting the party and its lea


Response to claims that Sri Lanka was in a ‘debt trap’ in 2014 due to ‘Chinese loans’

Monday, 17 September 2018

Several Western analysts have carried out a relentless media campaign in keeping with their own geopolitical agenda, to suggest that China was luring Sri Lanka into a carefully engineered debt trap.


Understanding the debt trap: Nothing but simple arithmetic

Monday, 17 September 2018

Prime Minister Ranil Wickremesinghe, speaking recently at the World Economic Forum in Vietnam, denied that Sri Lanka was in danger of spiralling into a debt trap from excessive Chinese borrowings


Columnists More