Home / Business/ Dhananath Fernando wins $ 10,000 for Sri Lanka in Think Tank Shark Tank in Asia

Dhananath Fernando wins $ 10,000 for Sri Lanka in Think Tank Shark Tank in Asia


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 14 February 2018 00:00


Advocata Chief Operating Officer Dhananath Fernando won the Asia Think Tank Shark Tank championship in Jakarta for a research study titled ‘Cost of Construction and Protectionism’. 

The Asia Think Tank Shark Tank is a championship for Asians to pitch their ideas on creating an impact in public policy to help economic prosperity in Asia. 

Dhananath contested in the final round with two fellow contestants from Nepal and Indonesia and won the Asia Think Tank Shark Tank Championship title with a $ 10,000 project grant for Sri Lanka to conduct the study. 

Dhananath made a strong case on the high cost of construction in Sri Lanka and highlighted that more than 10 million Sri Lankans would benefit if border taxes were brought down. He explained the total taxes at the border on wall tiles and floor tiles which is 108%, construction steel which is 90% and sanitary ware (commodes, squatting pans) which is 72% were completely unfair for a country where about 10 million people dream their entire life of building a basic house. He added that the cost of construction was 40%-60 % higher in Sri Lanka than the rest of the region which has negatively impacted the entire construction industry.

Dr. Chatib Basri - former Finance Minister of Indonesia and Ash Centre Senior Fellow at the Harvard Kennedy School, Harvard University; Prof. Razeen Sally from the National University of Singapore; Linda Whetstone - Chairperson at Atlas Network; Terry Kibbe – CEO and Co-founder of Free the People in the United States; and Siegfried Herzog - Regional Director for East and Southeast Asia at the Friedrich Naumann Foundation for Freedom were on the panel of judges 

Dhananath is currently the Chief Operating Officer and a founding member of the Advocata Institute. He is a volunteer at Candle Aid Lanka, a humanitarian organisation and was a member of the founding team of the AK Lit Fest, a platform for local literature lovers. 

He hosts two flagship TV shows on ART Television namely ‘Public Space Sri Lanka’ and ‘Wake Up with ART’. 

He is a graduate of the Atlas Leadership Academy, Washington DC and a graduate from the University of Colombo in Bioscience and Biochemistry.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Victory over the oppressed

Tuesday, 19 November 2019

The Presidential Election is over and the new President has taken his oaths. Although there were opinions expressed that there can be a second count of preference votes of the candidates other than the first and second, it was an easy victory for Got


The mantra of attracting high-end tourists

Tuesday, 19 November 2019

“Easier said than done!” is what many veterans of the tourism industry say whenever the subject of enticing high spenders to Sri Lanka is debated. That being so, some boutique brands have fetched high prices in the past though the current situati


Adopt high-impact interventions to secure future of antibiotics and rollback the global AMR crisis

Tuesday, 19 November 2019

Antimicrobial resistance (AMR) is a global crisis that threatens the future of our most precious drugs: antibiotics. Across the world, AMR kills an estimated 700,000 people annually, including 230,000 from multi-drug resistant tuberculosis. By 2050,


A child’s guide to MCC Compact Sri Lanka

Monday, 18 November 2019

Intelligent children, unlike some of the adults, are curious, probing and questioning. They do not jump to conclusions until and unless they are convinced of facts that have been presented to them. Asani, a student in the Advanced Level class in a le


Columnists More