It was not so long ago when we realized that there should be a mode of communication where we wished we could connect with our high school friends and university batchmates who were far away from us. And then when

Singapore has become a hotspot known for its efficient infrastructure. Often dubbed as the ‘Monaco of the East’, the red dot has beaten a path to steady economic progress and prosperity since the 1970s. When President B.J. Habibie of Indo

The energy sector of Sri Lanka is seen as an integral component of the country’s shift towards sustainable development, with more attention being focused on achieving growth targets at low emission levels through sustainable energy sources.&nbs

The world oceans play an important role in the sustenance of the planet earth and human kind.   Humans have been using the oceans for various purposes; as a source of food, to travel and explore and to trade and acquire wealth.  

The Electronic Transactions Amendment Bill, approved by parliament this week, will be a major boost for commerce, business and trade in the digital era. This is the first amendment to the Electronic Transactions Act. No. 19 of 2006, presented to parl

As Sri Lanka enters an increasingly competitive international environment with a renewed emphasis on transforming itself into a modern economy, the importance of promoting technological innovations and generating an educated workforce with market ori

The constitution of Sri Lanka is the supreme law of the country giving peoples’ power to the government of the day and limiting its powers to the constitutional boundaries. In the preamble of the 1978 constitution, the term ‘people’

National Human Resources Development Council of Sri Lanka (NHRDC) and International Chamber of Commerce Sri Lanka Chairman Dinesh Weerakkody points out that a key factor the success of Sri Lanka’s economic growth plan hinges on is its availabil

‘Crowdfunding’ is the pooling of small amounts by a large number of investors to fund a project. It is carried out using the Internet. Crowdfunding is a novel approach for raising funds and is known to have been in existence for a little

An important avenue to promote inclusive and sustainable development includes accelerating the gainful participation of women owned/led micro, small and medium enterprises (WMSMEs) in the economy

Richard Thaler has just won the highest prize in economics for his stellar work in behavioural economics. But India is no stranger to some home-grown nudgers of its own.

Finance and Mass Media Minister Mangala Samaraweera underscoring the development priorities of the emerging economies at the World Bank (WB)/International Monetary Fund (IMF) Annual Meeting held in Washington recently, emphasized on the need of adapt

At the recently held ‘Sri Lanka Economic Summit 2017’, Sri Lankan and international speakers shared their views and recommendations on Sri Lanka’s trade reform efforts and the direction it should take, under the theme of ‘Exec

  Former Finance Minister Ravi Karunanayake in his budget speech for 2017 stated that the tax system of the country is revisited with emphasis being made on the creation of a much simpler tax regime with minimum tax exemptions and a broadened t

Monday’s announcement of the 2017 Nobel Prize for economics, to Richard Thaler, for his groundbreaking work incorporating psychology into economic theory, was a victory not only for the University of Chicago Professor and co-author of Nudge: Im

Women in Japan continue to face obstacles. If the glass ceiling doesn’t prevent them from gaining positions of power, the glass cliff prevents them from staying there.

If you have not yet heard of blockchain, you will soon. Blockchain is expected to further speed the pace of change in a financial sector already probing new frontiers. This emerging digital technology promises to also further expand financial inclusi

The importance of providing access to quality education to all, in order to eradicate extreme poverty and reduce poverty, is well-documented. The UNICEF’s Child Poverty in Post-2015 Agenda argues that extreme child poverty can lead to an interg

Two decades after Yusuf Karodia launched Mancosa, a distance learning school to teach South Africans business skills, he sold up to the UK private equity firm Actis.

Following is the speech delivered by the newly-elected International Chamber of Commerce Sri Lanka (ICC Sri Lanka) Chairman Dinesh Weerakkody at the 51st annual general meeting of the chamber.

According to a news item in Mirror Business of Daily Mirror on September 15, Development Strategies and International Trade Minister Malik Samarawickrama has emphasized the need to increase our exports. At the recently held symposium on Sri 

Environmentalists, non-governmental organisations (NGOs), civil society and the media at large are an important part of a sustainable development process. Every country needs them and needs them to be operating freely, without hindrance or undue 

Following is an edited version of the speech made by International Monetary Fund (IMF) Managing Director Christine Lagarde at the Bank of England Conference, London.

Dr. Supachai Panitchpakdi has held many top roles in international trade organisations, from Secretary General of the United Nations Conference on Trade and Development (UNCTAD) to the World Trade Organisation (WTO) Director General and has an unpara

Two decades ago Asia was in the grip of a broad economic crisis. Through the 1998 Asian financial crisis, regional stock markets lost more than 60 percent of their value. Already fragile government reserves ran dry. By May 1998, Indonesia’s sov

The interim report of the steering committee was presented to the Constitutional Assembly on September 21, 2017. One can argue that when drafting the new 

As one of the 43 Climate Vulnerable Forum (CVF) member countries, Sri Lanka is not only disproportionately affected by the impacts of climate change, but is also willing to take bold domestic actions to combat it.

A recent visit to Kataragama and the deep south laid bare the deficiency of our system of governance, equivalence and the severe case of pretence that engulfs our society. These culpabilities come with great costs: economic and human costs and a brea

Earlier this month, parliament passed a new Inland Revenue Act, effective from April 1, 2018. How will the new tax regime affect the tax revenue and what will be the tax burden on Sri Lankan citizens? Is it more pro-poor? This article tries to answer

A recent statement from the Minister in charge of Western Megapolis Development has stated that there are no funds allocated to his Ministry for Megapolis Development.