Poging GOUD - Vrij

WIPO’s GII for my breakfast: This year’s serving is on 16 Sept.

Daily FT

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September 12, 2025

FEEDBACK is the Breakfast of Champions is a popular phrase attributed to the author Ken Blanchard. His suc- cinct writings using One Minute themes have a global fol- lowing. The Deming cycle PDCA (Plan- Do-Check-Action) has embedded the feedback loop into the top manage- ment governance cycle and is a gold standard in manage- ment practices. Our PDCA is more akin to Politics-Diatribe- Constituency- Attrition in prac- tice. However, in our nation’s plan- ning, feedback is not exactly visible. Our breakfast of short eats or loads of carbs with some sambol and curry has led to more NCD prevalence than progress.

- By Prof. Ajith de Alwis

I am writing this early to get more attention to a report card coming our way next week.

The Global Innovation Index for the year 2025 will be launched on 16 September from Geneva by the WIPO (World Intellectual Property Organization). As per the newsfeed coming from WIPO, this year’s report card will be a comparison of 140 economies. The objective of GII is positioning and ranking national economies over their innovation prowess. The underlying understanding in moving to an exercise of this nature is understanding the value of innovation in transforming an economy makes it an imperative to understand and study how economies execute policies and practices innovation based and led. The exercise addresses inputs and outputs and critiques on efficiency. The methodology is via evaluating a data metric of about 80 indicators under 7 pillars and then calculating a composite value which yields a ranking.

The report card for Sri Lanka last year is presented while we wait for this year’s news. Have we or do we take these published measures seriously and decisions taken after studying the series of reports cards available since 2007? The positioning of Sri Lanka over the years, when observed, demonstrate a saw tooth pattern of little or no order and a global position of no significance! This pattern is an indication of feedback absent eco system performance. Compare how India has performed if you want to see a different nation at work.

Obama’s White House considered innovation as the key ingredient that was sought from everyone when trying to rally round the economy in 2008. The message from the White House was direct to all individuals. In India, the first citizen downwards gives GII their highest attention, and the curve for India in the GII is indicative of the feedback effect.

MEER VERHALEN VAN Daily FT

Daily FT

Cabinet approves four-month Murban crude supply deal with BB Energy Asia

CABINET Spokesman and Minister Dr. Nalinda Jayatissa yesterday said that the Cabinet of Ministers had approved a proposal to award a long-term contract to Singapore-based BB Energy Asia Ltd. for the supply of four shipments of Murban crude oil to Sri Lanka.

time to read

1 min

October 09, 2025

Daily FT

SWRD to AKD: From mastery to marginality in foreign policy

\"My country is a small one, a weak one, a poor one...\" - SWRD Bandaranaike, UNGA speech, November 1956

time to read

8 mins

October 09, 2025

Daily FT

CA Sri Lanka President says higher growth outweighs Macro-Linked Bonds risk

Higher growth could lead to $ 2 b in additional debt costs between 2028-2038 However, CA Sri Lanka President Heshana Kuruppu says Sri Lanka must not slow growth to limit future Bond payments Notes only 38 professionally qualified among 1,600 public finance officers managing Rs. 7 b expenditure budgets Warns transparency laws need skilled professionals to deliver results Calls ethics and financial credibility the foundation for investor confidence

time to read

1 mins

October 09, 2025

Daily FT

Why Sri Lanka: Investor perspectives at SLEIS 2025

AS Sri Lanka transitions from economic stabilisation towards a path of accelerated, inclusive growth, with a renewed emphasis on private sector—led development, Day 2 of the Sri Lanka Economic and Investment Summit 2025, organised by the Ceylon Chamber of Commerce, will host a dedicated session titled “Why Sri Lanka -— Investor View”.

time to read

1 min

October 09, 2025

Daily FT

Hameedia re-launches H Sports Pelawatte outlet

HAMEEDIA, celebrated the grand relaunch of its H Sports outlet in Pelawatte, unveiling a fresh new store concept and exclusive activewear collections.

time to read

1 mins

October 09, 2025

Daily FT

Daily FT

Govt. says those who attempt to discredit CIABOC have vested interests

@ Cabinet Spokesman and Mass Media Minister Dr. Nalinda Jayatissa defends appointment of Ranga sanayake as DG of CIABOC @ Reiterates Govt's commitment to upholding independence of CIABOC @ Says Govt. has full confidence in CIABOC officials @ Stresses no Minister with allegations could escape CIABOC @ Says former Minister Gammanpila should get redress from legal process @ Accuses those against CIABOC of shielding culprits involved in corruption and bribery

time to read

2 mins

October 09, 2025

Daily FT

Cosmetics.lk wins “Most Popular Website in Sri Lanka” in E-Commerce category

COSMETICS.LK, has been honoured with the title ‘Most Popular Website in Sri Lanka” in the E-Commerce Category at BestWeb.lk 2025, organised by the LK Domain Registry.

time to read

1 mins

October 09, 2025

Daily FT

Sri Lanka means business in Tokyo

SRI Lanka under a public private sector initiative last month wooed Japanese investor interest at a forum in Tokyo.

time to read

1 mins

October 09, 2025

Daily FT

Taj Samudra Colombo hosts International Women's Cricket Teams

TAJ Samudra, Colombo was honoured to host the national women's cricket teams of Australia, Bangladesh, and South Africa during their recent visit to Sri Lanka.

time to read

1 min

October 09, 2025

Daily FT

Monk on hunger strike for Mahinda

A Buddhist monk from Rathupaswala, Ven. Theripahala Siridhamma Thero, began a hunger strike in Tangalle yesterday to protest the Government's decision to withdraw the security detail of former President Mahinda Rajapaksa.

time to read

1 min

October 09, 2025

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