How to overcome the emerging human resource bottleneck

Published : 12:01 am  February 20, 2014  |  Category: Opinion  |  Leave a Comment  |  1,116 views  |  

Sri Lanka’s development prospects Prospects of a bright future Sri Lanka has potentially extremely favourable medium-term prospects. In addition, macroeconomic conditions are likely to be more benign in the short-term, with 2014 being better than last year, provided the US Federal Reserve’s tapering program does not cause severe turbulence in emerging and frontier markets. However, there are challenges that need to be addressed if Sri Lanka is to realise its full potential. It is arguable that the lack of the necessary human resources will be the most significant binding constraint that holds back the country’s development. At present, the human resources necessary to support the Government’s... 


Debt to CB by Mercantile Credit Rs. 4.7 billion

Published : 12:00 am  February 19, 2014  |  Category: Opinion  |  Leave a Comment  |  629 views  |  

I refer you to the report of 10 February 2014 on Page 11 under the caption ‘Nihal Sri writes to CB Chief Nivard on finance companies’. Under paragraph numbered 8 of the Letter referred to at sub-paragraph 4, the amount of resulting debt to the Central Bank by Mercantile Credit Ltd., as given in the COPE Report was Rs. 4.7 billion (Rs. 4,700 million) as at 31 December 2004 and not Rs. 4.7 million, which apparently has been a typographical error. You should have this correction published, since it is very important for the public know the enormity of the default by Mercantile Credit Ltd., to the Central Bank. Shockingly no action has been taken by the Central Bank and the Directors had got... 


Stock wastage

Published : 12:00 am  February 19, 2014  |  Category: Opinion  |  Leave a Comment  |  326 views  |  

It is shocking to read that annually about Rs. 440 billion worth of food stocks are wasted due to poor storage condition in India.  At the same time there are areas where people face starvation, driving them to even to commit suicide.  This situation could be rectified if stocks are properly stored and transported in good condition and on time. In Sri Lanka also material amount of food stuffs are wasted due to lack of storage and transport facilities.  Even private companies do not concentrate much on proper storage.  For example rice is eaten by rats, spoilage caused due to weather condition, water leakage, delays in transport, etc. Excess fish caught, vegetables produced due to bumper harvest... 


People of this country need not pay for actions of a few politicians: UNP

Published : 12:00 am  February 14, 2014  |  Category: Opinion  |  3 Comments  |  986 views  |  

The UNP yesterday issued the following statement: Sri Lanka is at a precipice and the Rajapaksa administration bears full responsibility for our country’s current plight. After years of insisting that the Sri Lankan Government carryout a credible internal investigation into the alleged human rights violations, especially in the final phase of the war, the international community seems poised to demand an international investigation. This is a situation which could have been easily avoided had the ruling regime heeded the calls of the UNP and many others who have been insisting that the rulers respect the rights of its citizens, irrespective of race religion or place of origin and address the... 


Chandra J seeks answers from Govt. on upcoming Colombo Port City

Published : 12:00 am  February 14, 2014  |  Category: Opinion  |  Leave a Comment  |  449 views  |  

Good governance activist Chandra Jayaratne has written to Investment Promotion Minister Lakshman Yapa Abeywardena seeking clarifications and answers from the Government on a host of issues concerning the Strategic Development Project nod for the planned Colombo port city. Following is the full text of Jayaratne’s letter which has been copied to Minister of Finance and Planning, Minister of Ports and Highways, Minister of Economic Development, Secretary to the President, Secretary, Ministry of Finance and Planning, Secretary, Ministry of Ports and Highways, Secretary, Ministry of Economic Development, Secretary, Ministry of Investment Promotion, Secretary, Ministry of Justice, Secretary, Ministry... 


Towards resilient and stable financial institutions

Published : 12:00 am  February 13, 2014  |  Category: Opinion  |  Leave a Comment  |  1,302 views  |  

Roadmap for correcting the past mistakes   Learning from history  and the world Sri Lanka’s financial sector has experienced significant developments since partial liberalisation in the post-77 era. To move from a highly protected environment to a liberalised economy may have required some shock treatment such as the opening of the financial sector. However, unfortunately, the lack of a clear strategy and ad hoc approach to regulation has led to the emergence of a plethora of banking and non-banking financial institutions servicing a limited segment of the population and geographical areas of the island. In realising that the financial system is the lifeblood of an economy the Central... 


The casino conundrum; no to unlicensed and tax free casinos in Sri Lanka

Published : 12:05 am  February 11, 2014  |  Category: Opinion  |  Leave a Comment  |  1,185 views  |  

By Harsha de Silva, Ph.D, Member of Parliament   Forbes says Packer has got Cabinet approval for his Crown Casino in Colombo Forbes Asia reported on 29 January 2014 that Australia’s casino king James Packer had claimed he just won approval from the Sri Lankan Government to build a five-star casino resort in Colombo. The Sydney Morning Herald had also reported a few days earlier on 23 January that Packer received Government approval to build a resort in Sri Lanka but without explicit approval for a casino. It said that Crown was in discussions with the Government on the ‘gaming side’ of the project. What the Cabinet approved on 20 January 2014 What Minister Lakshman Yapa Abeywardana sought... 


UNHRC motion is unfair : Mawbima Lanka Padanama

Published : 12:00 am  February 8, 2014  |  Category: Opinion  |  Leave a Comment  |  905 views  |  

Following is a letter by Mawbima Lanka Padanama Chairman Ariyaseela Wickramanayake to all foreign missions in Sri Lanka Mawbima Lanka Padanama is a non-governmental, non-profit organisation that strives to protect the interests of Sri Lankans. It is with grave concern we draw your attention to the potential unrest that could arise due to the hasty and unfair rulings of the UNHRC. Unfortunately, there has been much bias and vested interest involved in the scrutiny of Sri Lanka. We implore you to view the issues raised against Sri Lanka objectively and consider the validity of the unusually well-publicised accusations against our island. The people of Sri Lanka come from an ancient and knowledgeable... 


Tamils’ smuggling journey to US leads to longer ordeal: 3 years of detention

Published : 12:00 am  February 8, 2014  |  Category: Opinion  |  Leave a Comment  |  667 views  |  

New York Times: Five Sri Lankan men left their hometowns reeling from the remnants of a ruthless civil war and embarked on a months-long human-smuggling journey that spanned seven countries. They each paid $ 55,000 for a ride by air and sea to a fresh chance in the Americas. They were captured within hours of their arrival in South Florida and served as witnesses for the FBI in the investigation of their smugglers, cooperation that the men were led to believe would work in their favour as their cases made their way through immigration courts. Three years later, they are still waiting for their cases to be resolved. Studies show the average detention in federal immigration cases is one month;... 


Final phase of Sri Lankan demining will take longer

Published : 12:00 am  February 8, 2014  |  Category: Opinion  |  Leave a Comment  |  948 views  |  

    KILINOCHCHI (IRIN): Sri Lankan military officials have confirmed that the “final phase” of landmine clearance in the conflict-affected parts of northern Sri Lanka will take another two or three years. “What remains to be cleared are the difficult stretches. This requires special skill and time, as they are demined manually, with minimum use of machines,” Sri Lanka’s Military Spokesman, Brig. Ruwan Wanigasooriya, told IRIN. Minister of Resettlement Gunaratne Weerakoon said, “Facilitating resettlement and solving livelihood issues were our twin priorities. Demining has now reached its final phase and people can enjoy complete return to normalcy then.” Using machines... 


Page 30 of 179« First...1020...2829303132...405060...Last »