Columnists,W. A. Wijewardena,Opinion and Issues

With this man-made Constitutional crisis, economy will be the casualty; resolve it quickly or perish

Views - 6170 Monday, 29 October 2018 00:20

Two prime ministers without a Government The political change that took place in Sri Lanka last week has driven the country to a constitutional crisis. The President, while removing Prime Minister Ranil Wickremesinghe from office, has appointed form


IPS’s State of the Economy Report 2018 is a demonstration of its independent analysis of the economy

Views - 4916 Monday, 22 October 2018 00:00

Economists are at the receiving end of society today when it comes to economic crises. They have been blamed not only for giving confusing advice, but also for failing to predict accurately the oncoming economic catastrophes.


The fate of the rupee: Time to stop playing the ‘blame-excuse-blame games’

Views - 5236 Monday, 15 October 2018 01:27

As I have presented in a previous article titled ‘Rupee’s Sad Destiny of One-way Journey to Depreciation’ (available at: http://www.ft.lk/columns/Rupee-s-sad-destiny-of-one-way-journey-to-depreciation/4-654254), it has been a historical tragedy


Sri Lanka can still open the window of opportunity: Dr. Amarakoon Bandara

Views - 2246 Monday, 8 October 2018 00:00

My former colleague at the Central Bank and presently Senior Economic Advisor to UNDP, Dr. Amarakoon Bandara, delivering a public lecture at the Bank on Growth Dynamics, has opined that Sri Lanka can still open its window of opportunities if proper p


The fate of the rupee Part II: Need for addressing issues at root

Views - 1319 Monday, 1 October 2018 00:00

In the previous part, we looked at how the Sri Lanka rupee has been continuing its one way journey to depreciation ever since the country gained independence from Britain in 1948 (available at: http://www.ft.lk/columns/The-fate-of-the-rupee--Central-


The fate of the rupee: Central Bank is caught with ‘Devil’s Alternative’

Views - 3078 Tuesday, 25 September 2018 00:00

Not all are losing when the rupee depreciates The recent depreciation of the rupee against the US dollar in the market has apparently driven the entire nation to a panic mode. While it had been a field day for the media and opposition law makers, the


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

Views - 344 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 - 439 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 - 506 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 - 687 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 - 1765 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 - 710 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 - 525 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 - 875 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 - 496 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 - 809 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 - 1019 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 - 959 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 - 3599 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 - 654 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 - 1652 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 - 1043 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 - 875 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 - 921 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 - 1351 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 - 12867 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 - 1471 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 - 1023 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 - 645 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 - 1139 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


Today's Columnists

Is Sri Lanka under the dominance of a powerful cabal?

Saturday, 15 June 2019

There is a saying that “A fish rots from the head”. That is the expression used when a country’s leadership is seen as responsible for violence and unethical behaviour of its supporters and the citizens in general - agitating the majority commu


Behind the scenes

Saturday, 15 June 2019

We see and hear many things happening on the stage. Some we only hear about and do not see. More things are happening without being seen clearly. An observation with extensive view and survey will be the only means of bringing to light the true natur


My way or the Huawei: global battle for 5G dominance and its impact on Sri Lanka

Friday, 14 June 2019

The ongoing battle between the US and the Chinese tech giant Huawei is escalating due to both parties’ eagerness to dominate 5G technology, the next major global technological revolution. It will define the future of the World Wide Web, creating a


Plunder of public property by rulers

Friday, 14 June 2019

While the failure to build the modern nation has been the prime factor that had caused the wretchedness of Sri Lanka, plundering of public property by rulers when they are under their custody can be considered the next vital factor that had exacerbat


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