The numbers tell it all. Around 23.4 % of the country’s population is made up of young people, specifically those between the ages of 15 and 29 years.

Brexit should be seen as a great opportunity for renewal of the Commonwealth of Nations The Parliament of the United Kingdom will be prorogued from September until the middle of October meaning that at long last the UK is almost certain to leave the European Union on 31 October 2019....

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The public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, signed a Memorandum of Understanding (MoU) with the University of Moratuwa, early this year, to collaborate and introduce a self- powered housing model for low-income households, with the aim of providing the best architectural housing structure, with the...

In Philip K. Dick’s story “We Remember It For You Wholesale”, the protagonist, fantasising on and on about a trip to Mars, visits a corporation specialising in memory implants and tries to live through that fantasy. Unfortunately, as the technicians at that corporation (tellingly called Rekall) realise for themselves, the man has already paid a visit to that planet: he’s a secret agent and what’s worse, a secret agent on the run who’s unaware of his true identity. First written in 1966, just before Neil Armstrong walked on the moon, the story was a...

A larger-than-expected crowd turned up at Colombo’s Lakshman Kadirgamar Institute to listen to Sri Lanka’s star economist Dr Howard Nicholas deliver a lecture on “The Current State and Future Directions of the Global and Sri Lankan Economies”. The event, organised by ETIS Lanka, together with George Stuart Capital, Daily FT, and Hardtalk, on 11 July.

Record-breaking audiences listened to Dr Howard Nicholas’ seminar on “The Current State and Future Directions of the Global and Sri Lankan Economies” at the Lakshman Kadirgamar Institute in Colombo on 11 July, as well as to a subsequent lecture at the University of Colombo. His two-part presentation dealt firstly with the trends in the global economy Dr Nicholas has had a long and distinguished teaching career, teaching business economics and financial markets in academic institutions in various countries – including most recently China and Vietnam. He is invited regularly to give lectures on the...

Tourism is a relatively sensitive industry, more easily affected than others by the vagaries of climate and world economy. It is particularly vulnerable to acts of war and to natural disasters. So, while the Easter Sunday terror attacks of 21 April left all industries and businesses reeling, the tourist trade was among the worst affected. Profit and job losses of unprecedented magnitude were feared. Tourist arrivals plunged in April and May. In the light of the worrying news, OSL – THE Investment Magazine spoke to Kishu Gomes, the chairman of Sri Lanka Tourism Promotion...

When the Ceylon Steel Corporation steel rolling mill went into production in 1967- the first modern steel factory in the country- it revived a tradition of high-technology steel metallurgy which had died out a thousand years before.
It also began a process of innovation. At a time when plain steel reinforcing bars (re-bars) dominated the construction industry, the Soviet-built mill eventually produced twisted ribbed steel rods, which eventually took over the market.

In 1983, the then Minister of Trade and Shipping Lalith Athulathmudali inaugurated the Mahapola Lottery, which eventually became the Development Lotteries Board (DLB). Today, it remains the only public institution to donate its dividends to the President’s Fund. From the beginning, the intention was, not to make money for the...