Issues of truth and accountability

Published : 12:00 am  September 6, 2014  |  Category: Columnists, Opinion  |  1 Comment  |  522 views  |  
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Last Stages of the War in Sri Lanka Narrative iii; MARGA and CHA colloquium, A private sector perspective The ‘Third Narrative’ reviewed at the colloquium presents an alternative narrative, of the events of the last stages of the war, and has been developed as a response to the UNHRC resolution of 2014. This is in the wake of the purported conflicting and contradictory accounts of the last stages of the war in Sri Lanka. These varying accounts have come from the Defence authorities/Army and the Government of Sri Lanka, INGOs, university teachers for human rights, academics, documentaries, film clips and publications by individuals, ex-soldiers and combatants, diaspora groups, civil society... 

“UPFA will win Uva election”: Wimal

Published : 1:20 am  September 5, 2014  |  Category: Chamitha Kuruppu, Opinion  |  1 Comment  |  759 views  |  
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Says NFF will continue working with Rajapaksa regime Calls for production boost, engagement of private sector The National Freedom Front used the upcoming election to get its 12 demands implemented by the Government, says Party Leader Wimal Weerawansa. Minister Weerawansa, who threatened to pull out of the Government, now claims his party will continue to work with the Rajapaksa regime as it has agreed to implement the NFF’s Action Plan. “But we will continue to criticise the President and his Government, although it is the Rajapaksa regime. It is our responsibility,” Weerawansa, the Minister of Construction, Engineering Services, Housing and Common Amenities, stressed. Following are... 

From Elkington’s Triple Bottom Line to dumping an ice bucket

Published : 1:12 am  September 5, 2014  |  Category: Dinesh Weerakkody, Opinion  |  Leave a Comment  |  1,104 views  |  
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The consultant who coined the famous phrase the ‘Triple Bottom Line’ in 1994, Dr. John Elkington told a group of top Sri Lankan CEOs on Monday that CEOs must own sustainability, at present they don’t, they think it is someone else’s responsibility, therefore firms must make sustainability mainstream and a part of their business. Furthermore, he said globally 93% of CEOs who were surveyed recently see sustainability as important to a company’s future but there remains an implementation gap. What he did not say is that most companies still do not promote sustainable remuneration practices that take a long-term view with a view to connect today’s profit with tomorrow’s bottom line. SustainAbility Dr.... 

From humble beginnings to heady heights

Published : 12:48 am  September 5, 2014  |  Category: Marianne David  |  6 Comments  |  1,635 views  |  
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A highly-respected business leader in Sri Lanka who spearheaded CIC Holdings’ transformation from a chemicals-oriented company into a leading conglomerate, B.R.L. Fernando stepped down from his position as Non-Executive Chairman of CIC Holdings last month. Fernando served the company in various senior management positions for 36 years and helped it become one of the largest conglomerates in Sri Lanka during his time at the helm, as its Managing Director/CEO from 1988 to 1995 and Chairman from 1995 to 2009. Fernando, who leaves a substantial legacy at CIC, will continue to serve on the boards of some of CIC Holdings’ subsidiary companies, while turning his attention to a new challenge –... 

Let the new money boost growth

Published : 12:00 am  September 4, 2014  |  Category: Columnists, Opinion  |  1 Comment  |  514 views  |  
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Yes, there is a lot of new money! One little symbol of this money is the flood of grand cars on the roads. Soon there might be more Mercs than nano cabs! ‘What is new money?’ one may well ask. It is a lot of money with people who previously had little or no wealth and also great new wealth with those who previously had some wealth. Economic history Economic history narrates numerous stories of how a sudden accumulation of wealth has led to bursts of economic growth. When a few other important pieces are put in place, this new money can turbo-charge a sustained phase of growth in Sri Lanka. In the 19th century, the flow of wealth (from trading and plunder) from the colonies to the UK started... 

Corruption can snowball into destroying a country, along with those corrupt

Published : 12:00 am  September 4, 2014  |  Category: Columnists  |  4 Comments  |  1,014 views  |  
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A lesson from Venezuela Country and the resources Venezuela, as most of the readers may know, is the country that the charismatic leader President Hugo Chavez ruled from 1999 till his unfortunate death due to cancer in March 2013. He was loved by the masses in his country and many millions the world over for his brave leadership against Western powers and his rhetoric against the American economic empire. Venezuela is a country with a land mass of 912,000 Sq Km (14 times bigger than Sri Lanka) with a population of 29 million people. Per capita income of the country in 2012 was $ 13,800 with 95% of export revenue coming from crude oil (source: Index Currency of Venezuela is ‘Bolivars’... 

Nuclear neighbours and Sri Lankan energy

Published : 11:23 am  September 2, 2014  |  Category: Columnists  |  2 Comments  |  561 views  |  
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Sri Lanka has the potential to reap the benefits of nuclear positives, especially to prosper the energy sector. Neighbours support on technology is vital Nuclear is a much discussed topic in the present day international and political arena and security forums. Although the designed out put of nuclear capability is deterrence and destruction, the different nations use this as a power tool or a political tool to achieve the higher status of the regional hegemony. Though countries discussed about regional cooperation, power sharing, and free trade etc the nuclear assets and capabilities contribute vise versa in order to destroy the said important development concepts. This is very much imminent... 

Building ‘Brand Sri Lanka’ over and over again

Published : 3:03 am  September 2, 2014  |  Category: Columnists, Rohantha Athukorala  |  Leave a Comment  |  545 views  |  
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Last week we saw some key events unfolding in Sri Lanka, the first being the announcement officially that Sri Lanka is engaging a global PR agency to give a balanced picture of Sri Lanka in the US market and the other being the staging of Miss China for Miss Universe 2014 in Sri Lanka. A thought that crossed my mind from the many interactions that I have had with the global expert in Nation Branding Simon Anholt was him mentioning that nation branding is a process where respect is earned with a series of actions over a long period of time rather than just orchestrated activity. In this ethos if we evaluate Sri Lanka we a mixed bag if one Googles Sri Lanka.                               Sri... 

Bharat’s Pradhan Sevak

Published : 2:59 am  September 2, 2014  |  Category: Charitha Ratwatte, Columnists  |  Leave a Comment  |  788 views  |  
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Modi speaks on India’s 67th Independence Day Politicians, especially populist ones, campaign in poetry and govern with prose. Most times it with a repressive and harsh prose that they govern. This has not happened yet in India, but in the build-up to the traditional address to the nation from the ramparts of Delhi’s 17th century Mughal era Red Fort, the feeling was that the inspiring poetry of the Modi tsunami, which swept the cow belt in Bharat and showed a strong performance in other areas to enable the BJP to have an absolute majority in India’s lower house of Parliament, was fast turning into dull prose. In the election campaign, the Modi rhetoric was all about sweeping market reforms... 

Carriers to blank sailings for China’s Golden Week

Published : 12:00 am  September 1, 2014  |  Category: Columnists, Shipping / Aviation  |  Leave a Comment  |  1,499 views  |  
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Carriers to blank sailings for China’s Golden Week Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October. The reason is that despite volumes that significantly fall off during the national holiday week, which will be 2-7 October this year, or week 41, 2014 overall is a stronger year in the head-haul east-west trades, making carriers possibly more hesitant to cancel or ‘blank’ scheduled sailings out of China to Europe and the US.   But it’s a high-wire act, or sorts, because if carriers misjudge the market and keep too much tonnage on the water, they may... 

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