By Prof. Samitha Hettige Benjamin Franklin said early to bed & early to rise makes a man healthy & wise. However, due to lifestyle changes with night life & smart phones etc. many aren’t following Franklin. Though it’s difficult to wake those who pretend fast asleep, they should be aware that approx. 936 million people…
Large infrastructure projects of the government are often financed by foreign loans and grants. When the amount exceeds USD 100,000, the law requires information about the projects to be disclosed to the public online. However, compliance with the law is poor. In 2024, the government has disclosed only 40% of the required information on foreign-financed…
Ministry of AI for Sri Lanka is The Code of the Future, Vision for the Next Growth By Jithendra Antonio In an era where technology is reshaping every facet of human life, Sri Lanka stands at a crucial point. As global giants race ahead with advanced Artificial Intelligence (AI) initiatives, our nation must decide whether…
Fitch Ratings: Fitch Ratings has assigned DFCC Bank PLC’s (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to LKR2.5 billion an expected National Long-Term Rating of ‘A-(EXP)(lka)’. Key Rating Drivers The green bond is rated at the same level as DFCC’s National Long-Term Rating as it constitutes a direct, unconditional, unsubordinated…
By Prof. Samitha Hettige. Birth centenary of Dr. Ray Wijewardene (Inventor, Innovator, Engineer, Aviator & Olympian) was celebrated recently. Though Sri Lanka didn’t benefit from the light aircrafts he designed largely due to the 30 year conflict, they were recognized internationally (in addition to the land master tractor). With increased concerns on clean energy &…
By Jithendra Antonio As the presidential election draws near, the people are eagerly awaiting the next era of Sri Lanka. There is no doubt that the result of the election will have a lasting impact on the nation and the economy. One of the most important aspects that the next government should focus on, is…
By Prof. Samitha Hettige Paramount Leader Deng Xiaoping who turned the course of China & the world (born 22nd August 1904) is remembered on his 120th birth anniversary. Before implementing economic reforms in China (1979) he got his next generation leaders to study nearly 12 countries including Sri Lanka which started reforming its economy in…
In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption, where bribery and inefficiency rule, bleeding exporters dry and stifling economic growth. The country stands at…
In the wake of Sri Lanka’s economic recovery, banking institutions are adapting strategies to align with the evolving landscape. Prins Perera, Senior Vice President of Treasury and Investment Banking at DFCC Bank PLC, discusses the proactive measures and innovative approaches the industry has undertaken to safeguard liquidity, ensure profitability, and identify promising sectors for investment….
By Prof. Samitha Hettige Although Elephants were domesticated since times immemorial for work & war, in 2012, 12th August was dedicated as ‘World Elephant Day. Objective was to raise awareness on the threats faced by elephants & to promote protection efforts. Historic records indicate that Elephants were a key export from Sri Lanka until the…
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