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

Views - 6618 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 - 6428 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 - 6367 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 - 6938 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 - 6186 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 - 7036 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 - 5276 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 - 5202 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 - 4743 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 - 4791 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 - 3739 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 - 3811 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 - 4472 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 - 6574 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 - 4106 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 - 5163 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 - 5801 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 - 5604 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 - 5341 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 - 4824 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 - 6235 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’


The continually loss-making Central Bank puts nation on red alert

Views - 4777 Monday, 11 May 2015 14:39

        Central Bank making losses in two consecutive years There is an ominously dangerous Trojan horse that has been placed in the Central Bank by its previous administration led by the so-called Monetary


‘Kithul syrup can be Sri Lanka’s maple syrup to the world,’ says scientist Sirimal Premakumara

Views - 9415 Monday, 27 April 2015 00:00

‘Drink Ceylon Tea: The brain tonic’ Some 150 years ago, the British planters introduced a new herbal drink called ‘Ceylon Tea’ to the European markets. Their marketing slogan? “Drink Ceylon Tea: The Brain Tonic”, according to a billboard


‘Solid waste no more waste but like gold’ says Sri Lankan-born scientist C. Visvanathan

Views - 10531 Monday, 20 April 2015 00:01

How would we react to a nauseatingly stinking dump of garbage in the vicinity? Stinking of all kinds of foul odours because it is in various stages of natural decomposition? Many of us would wrinkle up our noses and try to walk away from it as fast a


Is capitalism immoral? Not at all, says Atlas Network’s Tom Palmer

Views - 6973 Monday, 6 April 2015 00:00

[caption id="attachment_403639" align="alignnone" width="360"] Tom Palmer – Pic by Shehan Gunasekara[/caption] Bastiat Society in Colombo “Is capitalism immoral?” This was the question which Tom G. Palmer of Atlas Network – a US-based n


Central banking 18: Governor and board members are trustees and not owners of the central bank

Views - 7177 Monday, 30 March 2015 00:30

A central bank can earn its living by printing money A central bank is a unique species. It does not have to work in order to earn its existence. This is because it has been given a power which no one else in society has. That power is to have all th


From bomb disaster to bond disaster: How to restore the lost reputation of the Central Bank

Views - 7967 Monday, 23 March 2015 00:10

The Central Bank was left severely damaged after being struck by the deadly terrorist bombing of 1996     Central Bank being hit by two disasters In a recent conversation, a top central bank officer mentioned to this writer, p


Prof. Lalith Samarakoon: As US interest rates rise, no space for Sri Lanka to wait and see

Views - 8820 Monday, 16 March 2015 01:07

Two contrasting developments associated with USA and EU Two contrasting developments are now taking place in the global monetary arrangements. On one side, US Federal Reserve, known as the Fed, which had introduced an unconventional monetary stimulu


To have or not to have IFRS: CB should not make hasty decision

Views - 7975 Monday, 9 March 2015 00:10

Dropping IFRS should not be an arbitrary and hasty decision to be made by the Central Bank’s current management. Before they reach such a decision, they should listen to both sides and that should be a part of Central Bank’s good governance


Questionable governance when loss-incurred CB has made a profit transfer to Government

Views - 7423 Monday, 2 March 2015 00:01

Massive losses incurred by Central Bank in 2013 A very vital piece of information relating to the Central Bank which has been missed by many has been the incurrence of a massive loss amounting to Rs. 24 billion in its ordinary operations during 2013


Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch


Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further


What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available


On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q


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