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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.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Daily FT

Kanoo and Prudential form strategic joint venture to elevate maritime excellence in Sri Lanka

KANOO Shipping, one of the oldest and most trusted maritime brands in the Middle East for the last 115 years, and Prudential Shipping, a leading Sri Lankan shipping agency with over 28 years of industry expertise, have joined forces to form Kanoo Prudential Shipping, a strategic joint venture set to revolutionise regional shipping services in Sri Lanka and beyond.

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1 mins

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Daily FT

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Daily FT

SLTDA to unveil tourism revenue leakage survey end of this month

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Daily FT

Ditwah-hit export crop farmers to get relief package

Pepper, coffee, and cardamom farmers receive up to Rs. 425,000 per hectare for replanting Department of Export Agriculture provides seedlings free of charge to affected cultivators

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1 min

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Daily FT

SC Judge urges lawyers against monetising data protection disputes

Supreme Court Judge Arjuna Obeyesekere yesterday urged the legal profession against turning uncertainty around data protection into a wave of opportunistic litigation, warning that such an approach could weaken trust in Sri Lanka's emerging digital framework.

time to read

1 min

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Daily FT

Sri Lanka must avoid digital economy racing ahead of trust architecture

Supreme Court Judge Arjuna Obeyesekere cautions, delivering key note at 2nd National Data Protection Symposium Notes Personal Data Protection Act is foundation, not guarantee, of digital trust Questions readiness of laws to deal with rising Al-driven decision-making mechanisms amid concerns about fairness and accountability Data Protection Authority Chairman Rajeeva Bandaranaike maps out next steps toward operationalising the regulatory body

time to read

5 mins

January 07, 2026

Daily FT

Daily FT

A tribute to Uncle Lakshman

MY family and I were in Melbourne for the Christmas holidays in December when I received a call from my father-in-law, Nabil. He said, “Rehan, Lakshman has passed away, and I am on my way to the hospital.”

time to read

3 mins

January 07, 2026

Daily FT

Daily FT

People's Leasing & Finance welcomes 2026 under theme "People's Trust, Empowering People"

PEOPLE'S Leasing & Finance PLC (PLC) officially ushered in the New Year with a ceremonial event at its Head Office, under the theme: “People's Trust, Empowering People.”

time to read

2 mins

January 07, 2026

Daily FT

Daily FT

Graveside memorial service tomorrow to mark 17th anniversary of Lasantha’s assassination

THE 17th anniversary of the assassination of The Sunday Leader founder Editor-in-Chief Lasantha Wickrematunge, which falls on 8 January, will be marked with a service at his graveside.

time to read

1 min

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Daily FT

Daily FT

Beyond bank discretion: Why Sri Lanka needs independent mechanism to protect calamity-affected SMEs

SRI Lanka's economic recovery is now threatened not only by past crises, but by a growing governance vacuum in how financial distress is resolved.

time to read

2 mins

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