Thursday 24th April 2014

Bribe paying still very high worldwide but people ready to fight back

Published : 12:00 am  July 13, 2013  |  Category: OPINION  |  Leave a Comment  |  420 views  |  

World’s largest public opinion survey on corruption from Transparency International shows more than 1 in 4 paid a bribe in last 12 monthsMore than one person in two thinks corruption has worsened in the last two years, according to the world’s largest public opinion survey on corruption from Transparency International, but survey participants also firmly believe they can make a difference and have the will to take action against graft. The Global Corruption Barometer 2013 is a survey of 114,000 people in 107 countries and it shows corruption is widespread. 27% of respondents have paid a bribe when accessing public services and institutions in the last 12 months, revealing no improvement... 


War or peace, Sri Lankan women struggle to survive

Published : 12:00 am  July 13, 2013  |  Category: OPINION  |  Leave a Comment  |  543 views  |  

By Amantha Perera IPS: It has been four years since the guns fell silent in Sri Lanka’s northern Vanni region, after almost three decades of ethnic violence. Unfortunately peace does not mean the end of hardship for the most vulnerable people here: the women. In general, life has improved for the Northern Province’s 1.2 million inhabitants. Of these, 467,000 are newly-returned war displaced, most of whom fled the last bouts of fighting between the Government’s armed forces and the separatist Liberation Tigers of Tamil Eelam (LTTE) from 2008 to 2009. Central Bank Governor Ajith Nivard Cabraal frequently mentions that the previously underdeveloped Northern and Eastern Provinces have been... 


Asian stress points unveiled as Fed tapering looms

Published : 12:00 am  July 13, 2013  |  Category: OPINION  |  Leave a Comment  |  416 views  |  

Singapore (Reuters): The panic that rippled through Asia’s markets in May and June might just be a prelude to a more serious capital flight when the US Federal Reserve starts winding down its stimulus measures for real. How quickly the US Federal Reserve reduces its $85 billion a month of bond purchases, which keep interest rates low, will determine how quickly money is pulled out of Asia. Countries with large current account deficits where foreign investors hold a significant portion of stocks and government bonds, such as Indonesia, Thailand and Malaysia, look vulnerable, analysts say. Fleeing capital would drive bond yields higher and local currencies lower. Asian companies that borrowed... 


Pay higher to attract better talent at Auditor General’s Dept, says Karu J

Published : 4:56 am  July 12, 2013  |  Category: OPINION  |  Leave a Comment  |  507 views  |  

Every citizen and stakeholder in every sphere has a duty and obligation to defend and protect the office of the Auditor General, whose office upholds the principle of public accountability, Senior United National Party Legislator Karu Jayasuriya told Parliament on wednesday. Speaking during a recent debate on remuneration of the Auditor General as a determination of the Constitution, the Gampaha District Parliamentarian said the office of the Auditor General must always be the best resourced, best-staffed and equipped state department. “To get the best talent available, they must have an attractive remuneration package and must be exposed to countries that have best in class practices,” Jayasuriya... 


Technical education and vocational training: Present status and future directions

Published : 4:51 am  July 12, 2013  |  Category: OPINION  |  Leave a Comment  |  864 views  |  

By Earle Fernando Technical education and vocational training (TEVT) generally refer to skills training for industrial, manufacturing, construction, and service sectors. It is also education and training outside the general education and higher education systems. TEVT covers a diverse range of training activities. These are undertaken by the government and private sector organisations. During the past four decades, the socio-economic setting of Sri Lanka changed considerably. Among the more significant changes that brought about social upheavals were youth insurrections of 1971 and 1989. The Youth Commission that probed into the youth uprisings recommended the establishment of the National Education... 


Challenging the status quo

Published : 2:13 am  July 11, 2013  |  Category: Hilmy Cader  |  Leave a Comment  |  1,340 views  |  

 Following are excerpts from an interview with Hilmy Cader, CEO of MTI Consulting and Architect of the MTI Strategic Reflections Column   Q: What motivated you to write this column? A: I had done a presentation at a forum in Sri Lanka about three years ago and on my way out, I met Nisthar Cassim (who at that time was re-joining the Wijeya Group to start this new business paper), who suggested that I write a column. My first reaction was “Why?” and “What should I write about?” After some further thought I agreed to give it a go!   Q: Initially you wrote a full column before shifting to the front page short paragraph, why? A: With my personal style of communication, as well... 


Published : 12:53 am  July 11, 2013  |  Category: OPINION  |  Leave a Comment  |  199 views  |  

I am surprised to hear that in the estate sector nearly Rs.1,000 million in total is due to EPF and ETF Departments remaining unsettled. Further, unions intend taking legal action against these companies for the recovery. In this connection I wish to state as follows: It is the duty of the EPF and ETF Departments to check as to whether statutory dues are properly computed and settled on time with prompt submission of returns. All late payments are liable for penalty on the increasing trend. Legal action should be taken by these departments, only as they owe paramount duty towards the benefits of our employees. Further they are in a better position to check the accuracy of the dues demanding... 


Amunugama outlines Sri Lanka’s effective integration of MDGs

Published : 12:00 am  July 6, 2013  |  Category: OPINION  |  Leave a Comment  |  726 views  |  

Country’s achievements highlighted in regional and global statistics in terms of realising or even surpassing many MDGsFollowing is the statement made by Senior Minister of International Monetary Cooperation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama at the Inaugural Session of the High Level Segment of the Substantive Session of ECOSOC titled ‘Science, Technology and Innovation and the Potential of Culture for Promoting Sustainable Development and Achieving the Millennium Development Goals’ on 3 July in Geneva Mr. President, excellencies, distinguished delegates, Science, Technology, Innovation (STI) and culture play a key role towards the achievement of global development... 


Beyond Sri Lanka’s Big Brother syndrome

Published : 12:00 am  July 6, 2013  |  Category: OPINION  |  Leave a Comment  |  309 views  |  

By Vivek Katju The Hindu: Colombo’s moves to control subjects connected with State security, and indirectly demography, must not trample on the aspirations and rights of the Tamils and other minorities Amidst the entire range of complexities that mark the situation in Sri Lanka one fact remains incontestable: President Mahinda Rajapaksa and his three brothers — Defence Secretary Gotabaya, Basil, who controls politics and economic policies, and the soft-spoken Speaker of the Parliament, Chamal — are the arbiters of their country’s destiny. The institutions of democracy as provided for within Sri Lanka’s democratic Constitution operate but neither the Parliamentary Opposition nor voices... 


Time to walk the talk

Published : 12:00 am  July 6, 2013  |  Category: OPINION  |  Leave a Comment  |  460 views  |  

Indo-Lanka talks advance prospects for trade, investment and tourismThe Pathfinder Foundation welcomes the acceptance of the principle of special and differential treatment by the Indian trade delegation which visited Sri Lanka recently, given the asymmetry between the two economies. This transpired at meetings chaired by Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning, Sri Lanka and S.R. Rao, Secretary of Commerce, India. The convening of the first meeting of the Joint Task Force involving private sector representatives from the two countries, which was established last year, was also a positive development.   The Pathfinder Foundation, which has consistently advocated... 


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