For low-lying island states, the impacts of global warming and climate change can be a matter of survival. The irony is that while these states have not contributed much to greenhouse emissions, as they produce very little, they may face some of the

In the new year, Sri Lanka remains at a crossroads. As before, the island nation requires carefully calibrated statecraft from policymakers to choose the path towards prosperity. The political, constitutional and parliamentary crisis over the last mo

The ongoing tariff war between the United States and China will have far-reaching consequences for the trade relations of other countries. Even South Asia — one of the world’s least economically integrated regions with relatively less pre

A cup of tea is every Sri Lankan’s morning mantra. This might not be the case much longer as Sri Lanka may face a shortage of milk powder as several leading milk powder importers are reported to have taken a collective decision to suspend impor

Owing to climate change, natural disasters have become an almost commonplace occurrence in the world. Developing countries, especially island nations like Sri Lanka, are particularly prone to such disasters, due to two reasons: their geographical loc

Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 amid rising downside risks to the outlook, the World Bank said on Tuesday.  

The news communication industry is highly dependent on technology, and every new technology will take its transformation. Although the algorithmic news has just started,

In 1996, a punishing drought crippled hydroelectricity generation and impacted households and industry with gruelling eight-hour blackouts. Thousands of farmers faced crop failure and bankruptcy as Chandrika Kumaratunga limped along without plan or p

Sri Lanka’s experiment with hybrid governments failed miserably. By hybrid government, I mean a government that entails the President from one party and the administration or the Cabinet of ministers from another party (or a coalition). &n

To improve SOEs’ performance and following many controversial appointments to State-owned enterprises in the past, President Maithripala Sirisena has issued fresh instructions on selection criteria in a bid to eliminate controversial and poorly

The ideologies of the United National Party (UNP) and Sri Lanka Freedom Party have shaped the political experience of both Maithripala Sirisena and Ranil Wickremasinghe. These ideologies, experiences and struggles for dominance over the other have be

CNBC: What might seem as a crisis averted in Sri Lanka — is actually far from being over and investors could potentially be underestimating the level of uncertainty in the country, an expert told CNBC.  

In the rapidly developing world, inventions are like mushrooms blooming overnight in the fields of science and technology. An invention is a practical solution to a problem on the field of technology and it could be in form of a process or a product.

Many argue that performance of banks is more market-driven. Better performance is no more a choice and it has become mandatory to sustain competiveness by satisfying diverse interests of stakeholders. Lending is a key function of banks and non-bank

As we get into the final lap of bond issuances for the year, it is helpful to take stock of where the green bond markets are and what we could look forward to in 2019 and beyond.   

President Maithripala Sirisena appointed a 29-member Cabinet last week after two months of political turmoil. It was reported that the United National Party (UNP) has sent in 36 names to the president to be appointed as ministers and that Sirisena ha

Kamal, a construction labourer living on-site in Colombo, finds it difficult to make ends meet with his daily wage of Rs.1,500. On the other hand, Hong Chua, a Chinese construction worker in Colombo, who works 10 hours a day, says, “We are paid

A customer likes to view, feel, look for alternatives, check the prices and at times bargain before buying a product. Sadly not so, when we buy utility services, particularly electricity and water supply. These, as the economists call, are ‘nat

“It is better to be feared than loved, if you cannot be both.” -Niccolo Machiavelli, Prince 1532 St. Augustine’s ‘City of God’ was perhaps the book Maithripala Sirisena was following since the beginning of his presidency

The biggest challenge the power sector is facing today is that there hasn’t been a single new power plant commissioned since 2014. Meanwhile, there have been issues in the form of delays in the generation plan approval, the Kerawalapitiya lique

In today’s interconnected financial system, it is impossible to remain isolated from online communications and commerce or immune from network outages and data breaches. Cyber risks exist everywhere.  

FORBES.COM: The man who bankrolled the science-fiction film 2.0, India’s costliest movie, is a former immigrant from Sri Lanka who is now running his family’s telecom, healthcare, financial services, media and entertainment conglomerate i

Sri Lanka’s recent political crisis has attracted global attention with the appointment of former president Mahinda Rajapaksa as the new prime minister. Many observers link the leadership change to the contest for influence in South Asia betwee

The ongoing trade conflict between the US and People’s Republic of China (PRC) was supposed to be a way of protecting domestic industries. But it is backfiring in large part because of the vast global interconnections in production and trade. &

Data and information is the life blood of organisations and businesses as it provides vital information for operational, tactical and strategic decisions. Storage for this vital information scales from a simple spreadsheet, to traditional databases a

Dr. Wickrema Weerasooria, fondly known as Wickrema, was first my guru, mentor and role model but later became a fan of mine, admiring my work immensely. That was a rare display of humbleness, which only a good teacher would extend toward his students

At the opening ceremony of the first China International Import Expo (CIIE) that was just concluded, President Xi Jinping pointed out that holding the CIIE is “China’s major initiative to still widen market access to the rest of the world

To begin, after the financial crisis, the regulators and funds came up with a new bunch of new governance structures and rules that they wanted their companies to practice and adopt. This new governance regime brought about new challenges for the cha

New Zealand’s Fonterra Co-operative Group — for us Sri Lankans, the Anchor company — has gone through a remarkable transformational change in the face of certain issues they faced in some of the markets they operated several years a

The events that unfolded on October 26 have led the country towards an unprecedented chaos. Almost a month later, we are still awaiting a firm interpretation of the decisions and the credibility of actions while pondering if all the sudden changes ha