Columnists

Wijedasa Liyanarachchi case: A lesson for perpetrators of human rights

Views - 7104 Monday, 21 December 2015 00:15

  Ravindra Fernando’s book ‘Death of a Lawyer in Police Custody: The Wijedasa Liyanarachchi Case’ Almighty governments fighting with citizens When an almighty government is at war with a section of its own


Budget 2016 and education and health expenditure: Playing numbers games isn’t in accord with good go

Views - 8009 Monday, 14 December 2015 00:10

   Chief of the IMF Mission to Sri Lanka, Todd Schneider, has questioned the accuracy of some of the figures presented in Budget 2016 - AFP Controversy over education and health numbers A controversy has arisen relating


The Great November Revolution: The inside story according to Dinesh Weerakkody

Views - 6831 Monday, 7 December 2015 00:00

Author Dinesh Weerakkody presents his book ‘The Great November Revolution’ to President Maithripala Sirisena at its launch held at the BMICH. Prime Minister Ranil Wickremesinghe, Health Minister Rajitha Senaratne and Deputy Fo


EPS and Budget 2016 Part 4: The establishment of a viable social security system for an ageing popul

Views - 5901 Monday, 30 November 2015 00:00

Providing old-age social security is a national issue Sri Lanka’s population is ageing and an ageing population needs a viable old-age social security system. In this regard, the Economic Policy Statement or EPS of the Government has pledg


Budget 2016: Has it laid foundation for implementing the policy outlined in EPS of Yahapalana Govern

Views - 5178 Monday, 23 November 2015 00:05

Economic Policy Statement has vowed to discipline the budget The Budget of the new Yahapalana Government for 2016 was presented by Minister Ravi Karunanayake in Parliament last week. This budget follows the economic policy statement or


EPS of Yahapalana Government: Necessity for introducing machinery for sustaining the reform program

Views - 6361 Monday, 16 November 2015 00:10

   A fourth wave of policy reforms The economic policy statement presented by the new Government has vowed to introduce a reform program laying a firm foundation to place the economy on the right track so that it can sustain gr


Economic Policy Statement of Yahapalana Government: Building concrete plans for implementation out o

Views - 7947 Monday, 9 November 2015 00:10

An economic policy statement at last Prime Minister Ranil Wickremesinghe outlined the economic policy to be pursued by his Government in the next five-year period in Parliament last week (available at: http://www.ft.lk/article/492945/


Paradox in Central Bank’s monetary policy: Not everyone approves of the policy direction

Views - 6608 Monday, 2 November 2015 00:00

IMF’s Resident Representative for Sri Lanka and the Maldives, Dr. Eteri Kvintradze Wrong monetary policy direction of the Central Bank The IMF’s Resident Representative for Sri Lanka and the Maldives, Dr. Eteri Kvin


IPS’s SOE 2015 has delivered a strong message to Govt. which it cannot ignore: ‘Reform or Perish’

Views - 7279 Monday, 26 October 2015 00:00

  Fine advice on the need for reforms by IPS The Institute of Policy Studies, better known as IPS, has just released its Sri Lanka: State of the Economy 2015 with a sub tagline ‘Economic Reforms: Political Econom


Part 6: Social Market Economy – Education should be reformed to create creative capital and not mere

Views - 6624 Monday, 19 October 2015 00:10

  Should the objective of universities be just producing graduates? Sujata Gamage, columnist, writer and campaigner for education, had responded to Part 4 of the article under this series titled ‘Universities and research ins


Part 5: Social Market Economy – Go for complex production system, facilitate entrepreneurship

Views - 6435 Monday, 12 October 2015 00:05

  Inventions and innovations go hand in hand Part 4 of the article in this series argued that Sri Lanka should create an ‘innovation economy’, and not just a knowledge economy, by using the research think-tanks at


Part 4: Social Market Economy: Universities, research institutions as catalysts of an innovation eco

Views - 6372 Monday, 5 October 2015 00:00

It is not pure knowledge economies, but innovation economies Modern economies are called ‘knowledge economies’ because they rely on human knowledge for economic prosperity. However, this designation describes a modern econom


Part 3: Social Market Economy – Innovations are a must for delivering economic prosperity

Views - 6945 Monday, 28 September 2015 00:00

   Need for modelling growth on knowledge As pointed out in the previous two parts, Social Market Economy to be set up in Sri Lanka has been qualified by two attributes by its proponents. It is to be ‘knowledge-based


Part II: Delivering Economic Democracy will lead to controversy unless it is defined properly

Views - 6194 Monday, 21 September 2015 00:10

 Economics Nobel Laureate Milton Friedman   Promise of economic democracy to people As mentioned in the previous part of the article in this series under the title of ‘The Promise of a Social Market Economy:


Part I – The promise of a Knowledge-based Competitive Social Market Economy: What does it herald for

Views - 7043 Monday, 14 September 2015 00:10

 The onus of creating and running an economic democracy will lie chiefly on the newly-appointed National Government     The promise of ushering in a social market economy The election manifesto of the


Part II – Governance and institutions are needed to check the big government

Views - 5280 Monday, 7 September 2015 00:00

  One malady which a society should avoid is having a big government which uses scarce resources of a society without giving it back a matching amount of benefits   In a society of robbers, good governance is


Part I: Governance and institutions have now become important in Sri Lanka

Views - 5209 Monday, 31 August 2015 00:00

The proliferation of much-hated bribery and corruption directly relates to the presence of a big government Governance and institutional framework go hand in hand A new Government promising the delivery of good governance t


Ministerial aspirants should be good learners too

Views - 4749 Monday, 24 August 2015 00:05

  Fourth Century Indian Guru Kautilya offers several pertinent lessons for Sri Lanka’s new Government The late Singaporean leader Lee Kuan Yew made certain that all his ministers possessed the virtues of compete


Google Loon: Test tube for Sri Lanka but promises massive dividends if successful

Views - 4797 Monday, 17 August 2015 00:30

ICT Agency CEO Muhunthan Canagey (second from left) exchanging the MOU with Google Vice President Mike Cassidy. Others from left are Highways and Investment Promotion Deputy Minister Eran Wickramaratne, State Minister of Defence Ruwan Wij


Singapore at 50 ready to reach next level; Can Sri Lanka follow?

Views - 3753 Monday, 10 August 2015 00:10

    Singapore is presently celebrating its 50th year of independence with much fanfare and delight. Since gaining its independence, the country has blossomed into an ideal example of how a small but determined nation can tra


APJ Abdul Kalam: Campaigner for human empowerment to the end

Views - 3824 Monday, 3 August 2015 00:15

 Teachers and schoolchildren hold a portrait of the former Indian President A. P. J. Abdul Kalam during a prayer ceremony in Agartala, India, July 29, 2015. Kalam, considered the father of the country’s missile programme, died on Monday


National Education Policy: Professionals should design it and take its ownership

Views - 4478 Monday, 27 July 2015 00:00

Education is too important to be left to politicians who are not experts on the subject   An important TV talk show on national education policy In a recent TV talk show on what should be the country’s na


Lesson from Greece for Sri Lanka: Ignore economic policy governance and be doomed!

Views - 6585 Monday, 20 July 2015 00:10

  Greece’s problem is home-grown and its politicians, past and present, along with the people should take the blame. International creditors are responsible for its woes only to the extent of failing to make a proper assessment


Fear of opening economic borders: Countries to lose instead of gain

Views - 4113 Monday, 13 July 2015 00:10

Ken Schoolland addressing the Bastiat Society Fear of opening economic borders “Don’t harbour fears about opening economic borders. You are to gain rather than losing when economic borders are open.” This was the p


Projects, Projects everywhere: But who knows how to run them?

Views - 5174 Monday, 6 July 2015 00:00

There are projects all over but many of them are failed projects Human history is replete with projects enabling civilisations to deliver marvellous creations through them. But many of them have been failures right from the design stage. Sri Lan


Rendering unto Caesar: the pathetic state of Sri Lanka’s university administration

Views - 5810 Monday, 29 June 2015 00:05

   What the University Grants Commission has done so far is not to promote competition among universities. It has developed a system where all universities have become uniform institutions – Pic by Sameera Wijesinghe


Good governance incomplete without effective mechanism for economic policy governance

Views - 5609 Monday, 22 June 2015 00:10

 Soldiers marching in North Korea. In extractive institutional systems such as North Korea, the state plunders the fruits of hard work by its population through various devices and apportions them among those who support or are made up of the


Little white book of Hilmy Cader’s wisdom: Strategic reflections at one’s fingertip!

Views - 5350 Monday, 8 June 2015 00:00

  MTI Consulting CEO Hilmy Cader   Value of sparsity over verbosity Hilmy Cader, Strategy Master, has chosen sparsity of words over verbosity in communicating his wisdom in his Strategic Reflections, a coll


The issue of continual losses and depleted capital: Central Bank still misses the main point

Views - 4832 Monday, 25 May 2015 00:00

A parable from accounting teachers Accounting teachers are used to relating a story to their students when they are introduced to the concept of profit in an organisation. The objective is to show them that ultimate profits of a bu


A Central Bank missing the main point puts the nation on ‘extra’ red alert

Views - 6242 Monday, 18 May 2015 00:00

Treating losses lightly by the Central Bank The Central Bank has issued a response (available here) to the article of this writer in this series titled ‘The continually loss-making Central Bank puts nation on red alert’


Today's Columnists

Soaring heights of NPLs in banking

Thursday, 27 June 2019

Capital inadequacy, political interference, abuse of power, wasteful and unproductive expenditure, corrupt deals, circumventions of regulatory directions, unscrupulous lending operations, imposed IMF and WB conditions for reforms, and window-dressed


New Land Policy: Ideal alternate development strategy, but accompanying policies needed

Thursday, 27 June 2019

It is reported that the Government has prepared a law to grant freehold possession of farm land held under lease from the Government. This may be a revision of the Land Development Ordinance (LDO) of 1935. This article proposes to discuss the pros a


Need for an education revolution: Future of our kids and the nation is at risk – Part II

Thursday, 27 June 2019

Lessons to be learnt from the Asian educational giants A journalist of New York Times requested Hideki Shirakawa, a Nobel laureate, to describe Japanese culture. He said, “Fundamentally, Japanese culture is based on rice farming. Rice cultivation r


Country’s reconciliation with English and Moragahakanda

Thursday, 27 June 2019

When the country received independence from British, it was blessed with an efficient administration, a high standard in education, and also sound foreign exchange reserves; the country was admired by other countries. The three major and several mino


Columnists More