It’s his mindset that made Elon Musk so incredibly successful

Elon Musk was born on June 28, 1971, in Pretoria, South Africa. At age 17, in 1989, Musk moved to Canada to attend Queen’s University. In 1992, Musk left Canada to the USA to study business and physics. He graduated with a graduate degree in economics and stayed for a second bachelor’s degree in physics. Musk became a US citizen in 2002.

NCC chief highlights importance of web-based platforms for businesses

Following is the speech delivered by the President of National Chamber of Commerce of Sri Lanka Asela de Livera at the 61st Annual General Meeting held on January 21st at Hotel Kingsbury.

Lessons I’ve learned from 30 years at the World Bank

When I look at old pictures from my childhood in Germany, I see with fresh eyes how my grandmother and my mother went about their day on our farm, milking cows, working hard, and contributing to our family’s livelihood. They were strong independent women with bank accounts and land.

How technology shaping apparel sector supply chains: Shifting to nearshoring and reshoring

The advances in technology have made nearshoring – the practice of shifting production operations to a nearby country closer to the end market – and reshoring – bringing back offshore production back to the home country – more viable for apparel manufacturers, compared to offshoring production to far away, developing countries.

Innovative, dynamic policy strategies needed for economic revival: Central Bank Governor

Following is the speech delivered by Central Bank Governor Deshamanya Prof. W. D. Lakshman at the 61st Annual General Meeting of the National Chamber of Commerce held recently.

Sunshine Healthcare: Trailblazing with a ray of sunshine

Embarking on a journey towards a brighter tomorrow four decades ago, diversified conglomerate Sunshine Holdings today stands tall and is ahead of the game due to its consistent efforts on creating a healthier Sri Lanka. The entity, starting off as a small retail shop in the city of Gampola in 1967,

Tentative stabilisation, sluggish recovery?

In the October World Economic Outlook, we described the global economy as in a synchronised slowdown, with escalating downside risks that could further derail growth. Since then, some risks have partially receded with the announcement of a US-China Phase I trade deal and lower likelihood of a no-deal Brexit. Monetary policy has continued to support growth and buoyant financial conditions. With these developments, there are now tentative signs tha

US-Iran stand off could hurt South Asia

The killing of the second most powerful leader in Iran by the US military a few days back immediately resulted in investors fleeing away from the volatile assets and also helped to destabilise the region once again.

Tim Cook – Genius CEO who took Apple to next level

Timothy Donald Cook was born in Alabama, United States, on November 1, 1960. He earned a Bachelor of Science in industrial engineering from Auburn University, in 1982. His Master of Business Administration was from Duke University.

Sri Lankan sustainable oil palm producers to target growing opportunities in first half

International market conditions are anticipated to generate extremely lucrative opportunities for Sri Lanka’s sustainable oil producers through the first half of 2020 (1H2020).

Trump keeps spoiling US Asia policy

Recent brinkmanship between the United States and Iran is the latest signal of Washington’s distraction from great power competition with China. The crisis in the Middle East and impeachment proceedings in Washington, have distracted the Trump administration from its stated emphasis on the Indo-Pacific as its priority theatre.

ADB history book explains Asia’s five decades of economic success

Sound economic policies and strong institutions have transformed Asia and the Pacific over the past five decades into a centre of global dynamism, according to a new book from the Asian Development Bank (ADB).

Companies too often become institutionalised passion killers, says Omar Khan

Omar Khan, a pioneer of neuro-linguistic programming and a leading innovator in transformational learning in the US and throughout the world, says the most essential attribute of a leader is to demonstrate behaviourally and personally what you ask of others. Khan is the founder and senior partner of a global leadership development and consulting firm that operates in the Americas, UK, Asia/Pacific (Singapore), Middle East (Dubai) and South Asia

Challenges faced by Sri Lankan maritime industry in 2020

The Port of Colombo is ranked the world’s number one container growth port among the top 30 container ports for the year of 2018, in container handling. It has also recorded a 13.5 percent growth for the year 2018, over the same period of the previous year,

Integrating management participation for MICE tourism in Sri Lanka

The high-potential tourism industry is the next game-changer in the Sri Lankan economy, however, Sri Lanka lacks conceptual requirements and is in dire need for creative tourism, innovation with technology and knowledge-based decision making.

Port of S’pore records all-time high 37.2mn TEU throughput

The Port of Singapore recorded strong growth in the past decade. In particular, the container throughput in 2019 hit an all-time high of 37.2 million twenty-foot equivalent units (TEUs), amidst challenging global economic conditions.

Ceyline delivers new trains to Sri Lanka Railways

Ceyline, on behalf of Ceylon Shipping Corporation (CSC), successfully delivered six locomotives and 24 train carriages to Sri Lanka Railways, yesterday.

Growing need for privacy and data protection in Sri Lanka

Every day, a vast amount of information is transmitted, stored, and collected across the globe, enabled by the rise of computing and communication power.

And pollution was made to go up in smoke!

Some people and certain places take us back in time. They draw out things lodged so long in the back shelves of memory that we’ve almost forgotten they exist. Nalin Dharshana. Nedalagamuwa. A person and a place. In their ‘togetherness’ one can read economy, history, agriculture, entrepreneurship and much more.

Too far, too fast?

After a stellar 2019, investors are naturally asking themselves whether the strong performance can continue in 2020 or not. Trying to answer this is difficult as different perspectives provide different answers.

‘Born in Sri Lanka’: Country-of-origin mark supports Sri Lankan brands in global market

The Sri Lankan Export Development Board’s country-of-origin certification mark for the spices sector supports growers, processors and manufacturers by helping them to identify their products as Sri Lankan Born and informs customers and consumers that all significant parts, produce, processing and products are of genuine Sri Lankan origin.

Management by Walking Around

Management By Walking Around (MBWA) has received prominence due to the leadership of the country President Gotabaya Rajapaksa making surprise visits to some of the important government departments to observe the workings and efficiency of the public service and to see how the public are being served.

Lakshmi Niwas Mittal: Steel magnate who came from obscurity to opulence

Lakshmi Niwas Mittal (born June 15, 1950) is an Indian-born steel magnate, based in the United Kingdom. He is Chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38 percent of ArcelorMittal and holds an 11 percent stake in Queens Park Rangers F.C.

Road Map: Monetary and Financial Sector Policies for 2020 and Beyond

Following is the full text of ‘Road Map: Monetary and Financial Sector Policies for 2020 and Beyond’ delivered by Prof. W.D. Lakshman Governor Central Bank of Sri Lanka 06 January 2020.

Tobacco smoking in Sri Lanka: Going the last mile

Despite multiple measures by successive governments to bring down tobacco prevalence in Sri Lanka, still more than one in four males use tobacco.

Worsening climate emergency and tepid COP25 underscore need for urgent global action

After a disappointing 2019 United Nations Climate Change Conference, there is a need to restore confidence that the intergovernmental process can deliver on mitigation, adaptation, and finance.

Learning from the greatest business leaders of the world Douglas McMillon stepped up as archetype of new-age CEO of Walmart

Carl Douglas McMillon was born on October 17, 1966, in Tennessee, USA and grew up as the eldest of three children. His parents moved the family to Bentonville, Arkansas, the home of Walmart headquarters, when McMillon was 16. McMillon began working for Walmart when he was 18 years old during the summer holidays of his high school unloading trucks in a distribution centre. After high school, McMillon attended University of Arkansas, where he grad

Is non-state, not-for-profit universities solution to SL’s shortage of IT professionals?

Sri Lanka is well known for its tea, gems and spices and over the years, the island nation has undergone a shift, making it popular for its services, where the local expertise in the IT space is much sought after.

Vignarajah writes to President on uplifting motherland

Following is an open letter to President Gotabaya Rajapaksa by minority shareholder activist K.C. Vignarajah.

A new direction for Sri Lanka

Sri Lanka’s much anticipated presidential election in November 2019 was won convincingly by Gotabaya Rajapaksa.