Slump time has arrived with a bang

Published : 12:00 am  September 5, 2013  |  Category: Opinion  |  1 Comment  |  1,472 views  |  

By Lee Wei Ling While I worry about the poorer Singaporeans who will be hit hard, perhaps this recession has come at an opportune time for many of us. It will give us an incentive to reconsider our priorities in life. Decades of the good life have made us soft. The wealthy especially, but also the middle class in Singapore, have had it so good for so long, what they once considered luxuries, they now think of as necessities. A mobile phone, for instance, is now a statement about who you are, not just a piece of equipment for communication. Hence many people buy the latest model though their existing mobile phones are still in perfect working order. A Mercedes-Benz is no longer adequate as a status... 


Chandra J wants MILODA to set up multi-stakeholder platform

Published : 12:00 am  September 5, 2013  |  Category: Opinion  |  Leave a Comment  |  824 views  |  

Facilitating intellectual review of public policy and socioeconomic and environmental issues impacting on sustainable long term growth, development and prosperity of Sri Lanka and its people Following is a letter sent by good governance activist Chandra Jayaratne to Treasury Secretary Dr. P.B. Jayasundera on establishing a multi-stakeholder platform for intellectual review of public policy and socioeconomic and environmental issues impacting on sustainable long-term growth, development and prosperity of Sri Lanka and its people     Dr. P.B. Jayasundera, Secretary, Ministry of Finance and Planning, Secretariat Building, Colombo 1. Dear Sir, MILODA, the Academy of Financial Studies,... 


Letters to the Editor

Published : 11:51 am  September 4, 2013  |  Category: Opinion  |  1 Comment  |  580 views  |  

Pillay’s questionable agenda I am deeply shocked and disgusted that, in Nandikadal, Mrs. Navi Pillai wanted to pay floral tributes to Prabhakaran and his band of terrorists, the perpetrators of the most ruthless brand of human rights violations. The majority of the people of Sri Lanka have now been able to confirm Mrs. Pillay’s inner motives, and they realise that she is only a willing pawn of the US. Even so, she could have been more circumspect in her action, without making it obvious as to what her actual agenda is. I think Mrs. Navi Pillay will now need to travel to Abbottabad, Pakistan and place floral tributes for Osama Bin Laden at his house, and thereafter travel to Central Virginia... 


Chinese tourism: An opportunity for Sri Lanka

Published : 12:00 am  September 4, 2013  |  Category: Charitha Ratwatte, Opinion  |  Leave a Comment  |  1,057 views  |  

A visitor to China today will be overwhelmed by China’s domestic tourism. The economic power unleashed by Deng Xiaoping’s reforms, decades ago, has generated an affluent middle class hungry to travel. Within China this has created a massive industry. Tour guides, transport providers, restaurants are thriving. Locations like the Great Wall, Beijing’s Forbidden City, the Terracotta Warriors near Xian, Xian’s Muslim Street, the Huangguoshu Waterfall near Guiyang (Asia’s largest), Shanghai’s Bund, the restaurant district and the night river cruise are all packed with visitors, primarily Chinese but increasingly more and more foreign tourists. Airports and highways operate at full capacity.... 


Bloomberg Pursuits magazine spotlight for Jaffna

Published : 12:00 am  August 31, 2013  |  Category: Opinion  |  Leave a Comment  |  1,130 views  |  

Exploring Sri Lanka’s once-forbidden coast By Christopher Bagley bloomberg.com: “You’re going to Jaffna? Don’t worry!” My tuk-tuk driver in the Sri Lankan capital of Colombo, upon hearing that I plan to visit the northern capital of Jaffna, feels compelled to offer reassurance. Jaffna, a former stronghold of the rebel Tamil Tigers, was off-limits during long stretches of the country’s brutal civil war. My driver says he recently made the trip himself, on a freshly paved highway, and that the city and its surroundings are indeed, at long last, safe. “Most of the mines have been cleared,” he adds. In recent years, as peace has finally taken hold throughout Sri Lanka, the island... 


Lankan DoC calls for speedier exporter action to grab world’s largest regional market

Published : 12:00 am  August 31, 2013  |  Category: Opinion  |  Leave a Comment  |  701 views  |  

 “Phone us immediately!” – Fernando, Lanka’s DG Commerce Lanka’s exports to rest of SAARC jump by 36% Increase SAARC visas, introduce a SAARC mobile SIM: SAARC Chamber 350+ SAARC products are high-complementarity, costing region $ 2 b annually: SAFTA in Colombo If 350+ products brought from outside imported from SA, regional trade growth up by 20% Proven int’l trade models have not worked in South Asia: SAARC Chamber As SAARC’s GDP growth is now projected at 5%, intraregional trade growth becomes a key driver in the region’s GDP. In the same vein, trade barriers and lack of prompt action on such barriers can equally ensure trade setbacks. “The success of a bilateral or regional... 


A unique book that addresses all spheres

Published : 12:00 am  August 30, 2013  |  Category: Opinion  |  Leave a Comment  |  758 views  |  

By Sonia Chinnaiyah The 850-page book ‘In the Best Interest of My Country’ by Dinesh Weerakkody includes a collection of articles published by the author in local and international media since 1983 to date. After reading this book, one could learn a lot from the wealth of knowledge and experience of the author, who serves and had served in a number of Government and private sector boards, as the articles have a balanced view of practicality and academic insight. As the title depicts a sense of patriotism, the author’s sole purpose for launching this book was to showcase knowledge and encourage many experienced professionals to actively engage and create debate in the best interest of Sri... 


Building the MDGs beyond 2015

Published : 12:00 am  August 30, 2013  |  Category: Opinion  |  Leave a Comment  |  693 views  |  

Following is the speech delivered by Dr. Sarath Amunugama, Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning, at the Asia Pacific Ministerial Dialogue held in Bangkok from 26 to 28 August Mr. Chairman, first, I would like to thank the Government of Thailand and the Executive Secretary of UNESCAP and its staff for the excellent arrangements made for this meeting. The Millennium Development Goals (MDGs) are eight international development goals which seek to eradicate poverty and hunger, achieve universal primary education, promote gender equality, reduce child mortality, improve maternal health, combat common diseases, ensure environmental sustainability... 


Is China a capitalist economy?

Published : 12:00 am  August 27, 2013  |  Category: Opinion  |  Leave a Comment  |  609 views  |  

By R.M.B. Senanayake Many of our intellectuals think of China as a socialist or communist economy. Make no mistake, it is not a democracy where the rulers are elected by the people and held accountable to them at periodic elections. But that refers to the polity, not the economy. Somewhere in 2005 or so I attended an International Research Conference in Hong Kong called by a Chinese free market oriented think tank which was attended also I recollect by Senior Lecturer of the University of Colombo, Abeyratne. China had applied to join the WTO and only free market-oriented economies could qualify. Note that for economists, free market economies are synonymous with capitalist economies. At the conference... 


‘Athens in Flames: A result of recession or bad politics?

Published : 12:00 am  August 27, 2013  |  Category: Opinion  |  Leave a Comment  |  693 views  |  

By Venuk Ganearachchi ‘Athens in Flames’ was the term used by the Atlantic magazine, one of the most reputed magazines in America, to describe the plight of Greece; and the negative state of its economy over the past few years. As the picture indicates, the Police, a symbol of order and justice, are attacked during violent protests which took place during the years 2010 to the end of 2012. Contrary to what the above picture signifies, Greece is actually one of the most highly developed countries in the world, with a Human Development Index figure of 0.860 and a ranking of 29 out of 187 countries. Human Development Index or HDI takes into account several factors such as life expectancy rates... 


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