On the front page of The New York Times’ March 27 edition, a staggering chart illustrated the COVID-19-induced unemployment level in the US.

Recently the Sri Lankan parliament passed the Colombo Port City Economic Commission Bill, creating a city-based special economic zone.

In a world where confrontational geopolitics and the concentration of production of crucial industrial components like semiconductors and medical supplies in particular locations are high, the call for self-reliance has become a political stampede.

Tobacco use is a major global healthconcern claiming eight million lives annually. Sri Lanka has made major strides in reducing the overall smoking prevalence rate in recent years, but tobacco still claims more than 20,000 lives each year.

Traditionally, retailers always had a strong hold in people’s hearts as the go-to destination to grab essentials, pick up a treat, get advice and spend time with friends. But, over time, those levels of familiarity and trust have weakened, as the s

The Transgenerational Entrepreneurship Practices (STEP) Project, Global Consortium and KPMG Private Enterprise came together in June of 2020 to find out what family business leaders around the world were doing to respond to the impact of COVID-19. Da

It’s as good a time as any to discuss cryptocurrencies and blockchain technology. The reason being that we seem to be in a truly transitional period of time. To anyone paying attention, it might appear evident that the traditional economic structur

Asian consumer groups engaged with reducing smoking and tobacco-related harm charged that health authorities and western anti-tobacco lobby groups often got in the way of shifting consumers towards less harmful products.

Asia-Pacific emerging and frontier markets continue to evolve rapidly. With insights from authors based in 11 local markets, this publication offers insights about regulatory developments, market structure and financial history in the region.

The Hotels Association of Sri Lanka (THASL) is deeply concerned by the exponential increase in COVID-19 cases and deaths across the island. We wish to express our fullest support to the government, medical professionals, tri-forces and civil servants

Sri Lanka’s tourism sector had to grapple with a series of challenges in the past. Despite the difficulties, the industry has been successful in coming out stronger with every impact.

It was with some amusement that I read the article titled ‘Interest rate policy: Is it a punitive measure?’ written by Chandrasena Maliyadde, which appeared in the Daily Mirror on May 17, last Monday. It is a critique of my article, ‘Low intere

In early 2020, when the COVID-19 lockdown began, Sri Lanka’s food supply chain was significantly disrupted, leaving farmers and consumers to face the adverse effects of the pandemic. Wholesale and retail markets were closed and traders were encoura

The word ‘sustainability’ is often distorted without being used in ecological context to get its proper meaning. In simple terms, we have the responsibility to protect the right of future generations to live in a safe environment.

Fast-tracking development is at the core of all efforts in Sri Lanka’s journey towards progression and with technology evolving at a rapid pace across the world, the island nation has acknowledged and understood the importance of getting onboard th

An effective vaccination strategy is a necessity for countries to move beyond COVID-19. However, it also requires careful policymaking to balance the financial cost of purchasing and delivering vaccines while stimulating economic growth.

Sri Lanka is in a conundrum. its present governance has approved China’s extra-jurisdictional Special Economic Zone (SEZ) in Colombo Port City, right next to its commercial port.

The provisions of the Port City Bill, if enacted, will erode the legal and political sovereignty of Sri Lanka in a number of ways.

The media reported, a few days ago the Presidential ban on agrochemicals from the next Maha season, apparently with a total Cabinet nod.

The success of the Colombo Port City is not dependent on the Colombo Port City Economic Commission Bill (“Bill”) itself, but in building an ecosystem that fosters sustainable financial industry growth.

Ahead of the parliamentary debate on the Port City Economic Commission Bill, Director – Sales and Marketing of the Port City Yamuna Jayaratne spoke to Mirror Business about the economic importance of the project and the plans in place for its attra

Logistics carry dreams. Back in 2007, when I applied to graduate schools in the United States, nothing could beat the excitement of handing over my applications to FedEx,

International Chamber of Commerce Sri Lanka (ICCSL) Chairman Dinesh Weerakkody points out that the private sector is the engine of economic growth.

There’s mounting opposition from all fronts against the government’s plan to change the existing Tourism Act. Having been a member of the team that helped draft the current act around 15 years ago, I felt that I should also lend my voice to the

Sri Lanka’s edible oil market has received considerable attention in recent weeks due to a series of events: the banning of palm oil importation in a bid to promote the coconut industry, detection of aflatoxins in imported coconut oil, importation

The State Minister of Money & Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal recently completed a visit to Oman and Qatar as the special envoy of Prime Minister Mahinda Rajapaksa, heading the country’s delegation to the oil-rich

On the 26th of April each year, Intellectual Property (IP) Day is celebrated to draw public attention to the importance of IP rights in fostering creativity and innovation.

The Colombo Stock Exchange (CSE) has approved, an application submitted by Chrissworld Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription, and Initial Public Offering (IPO) is due to be opened on April 27th. Th

Deng Xiaoping, China’s great reform leader, faced a serious problem in the 1970s. Thousands of young Chinese were crossing to Hong Kong, risking their lives. Rather than cracking down on the migrants, Deng sought to understand why they were migrati

The pandemic has disrupted how organisations operate across a multitude of industries, transforming global systems in ways that have never been explored.