Author Archive for EDWARD THEOPHILUS

BUILDING A VALUE EDUCATION STRUCTURE BASED ON AUSTRALIAN VALUES

Monday, September 21st, 2020

BY EDWARD THEOPHILUS President Mr. Gotabaya Rajapaksa concerns education reforms, and I posted several articles on this website, regarding the reforming agenda, and my concern was directed to declining values in Sri Lanka’s society.  If value education included the curriculum with primary, secondary, and TVET education that could be used accelerating economic development, and growth, […]

More >

HOW TO DETERMINE THE SECURITY THREAT TO INDIA?

Tuesday, September 15th, 2020

BY EDWARD THEOPHILUS The security threat to India is a quite complicated archetype and many people confuse with the term the security threat to India. The major reason people get confused about the nature of the threat is specifically delineated and people have a feeling it like a groping in the dark.   Since Indian independence […]

More >

EDUCATION REFORMS: TECHNICAL VOCATIONAL EDUCATION AND TRAINING IN HIGH SCHOOLS

Friday, September 4th, 2020

BY EDWARD THEOPHILUS Before elected to the president position, Mr. Gotabaya Rajapaksa broadly talked about technical vocational education and training (TVET). After the general election in 2020, the president has appointed two state ministers for education reforms and TVET system development, in addition to the minister of education.  TVET system has spread in many countries […]

More >

THE BLACK ECONOMY IN SRI LANKA: HOW IT IMPACTS ON THE MACROECONOMY.

Wednesday, August 26th, 2020

BY EDWARD THEOPHILUS A black economy could be described as economic activities in a country that the revenue flow from economic activities doesn’t officially add to the gross domestic product. The revenue generates from the black economy may connect with the official economy indirect way in some areas, for example, suppose a person buys a […]

More >

CONSTITUTIONAL REFORMS: SRI LANKA NEEDS ECONOMIC FEDERALISM AND POLITICAL ADMINISTRATION IN A UNITARY SYSTEM

Monday, August 17th, 2020

BY EDWARD THEOPHILUS Sri Lanka has been confronting critical issues in constitutional reforms since independence, and many issues were underwater until 1970, in spite of receiving a dominion status in 1947 with a written constitution, constitutional reforms seemed to be a demand of academic and students.  The constitutional reforms had been limited by the lack […]

More >

THE PROPOSAL TO ESTABLISH AN INDUSTRIAL DEVELOPMENT BANK (PART 1)

Saturday, August 15th, 2020

BY EDWARD THEOPHILUS Wide publicity has given a proposal to establish an industrial development bank in Sri Lanka by the Minister of Industries, Mr. Wimal Weerawansa, and it is a good ideological contribution from a politician, and the government must instigate the idea. An industrial development bank needs the country to stimulate investments in industries […]

More >

THE PROPOSAL TO ESTABLISH INDUSTRIAL DEVELOPMENT BANK (PART 2)

Saturday, August 15th, 2020

BY EDWARD THEOPHILUS When looks at the structures of various banks established in the country the proposed industrial development bank invite to consider a different structure, especially the proposed bank must get away from trading bank functions as Sri Lankan bankers, as well as the attitude of regulators’ have stuck with money creation and cheque […]

More >

THE CONCEPT OF MEGA CITIES: NEED INCLUDING FIVE CITIES WITH FURTHER EXPANDING AND DYNAMIC PLANNING

Monday, August 10th, 2020

BY EDWARD THEOPHILUS Mr. Gotabaya Rajapaksa, the president of Sri Lanka stated at the final rally of the election, held in Hambantota that the government of that he will form, has a plan to develop four Mega Commercial Cities, Colombo, Jaffna, Trincomalee, and Hambantota. This concept needs expanding to five cities including the North Western […]

More >

INDUSTRY CLASSIFICATION, INDUSTRY AUTHORITY, AND INDUSTRY POLICY DEVELOPMENT

Monday, July 13th, 2020

BY EDWARD THEOPHILUS In the 1980s, I attempted to develop industry averages in Sri Lanka, and the purpose of my effort was to support credit policy development, which needed to successful credit management in a government bank, where I had been working. When I was talking about industry averages, bank executives, and the government authority […]

More >

WHAT ARE CREDIT IRREGULARITIES AND HOW THEY ARE DETERMINED?

Sunday, July 5th, 2020

BY EDWARD THEOPHILUS A recent statement of the Prime Minister, Mr. Mahinda Rajapaksa after meeting with executives of Ceylon Bank Employee’s Union regarding the investigation on the irregular credits of government banks during the Yahapalana Regime, expressed that the government is willing to appoint an investigation commission to consider the irregularities incurred in credit approval […]

More >

EXODUS OF SRI LANKAN EMPLOYEES BACK TO HOMELAND FROM OVERSEAS

Tuesday, June 23rd, 2020

BY EDWARD THEOPHILUS When we were studying Demography at the university, a popular topic was Brain Drain, and we were not happy about the population policy planning at that time as the government policy did not direct and address required policy measures to control brain drain.  The major reason to displease the government policy was […]

More >

LIBERAL DECISION MAKING FOR CREDIT APPROVAL AND ADMINISTRATIVE DISCRETION

Tuesday, June 16th, 2020

BY EDWARD THEOPHILUS President Gotabaya Rajapaksa reminded several times that banks must change traditional attitudes when granting financial supports to economic activities after the COVID backwardness. No doubt that the president wants quickly renaissance of the economy and the recession (negative economic growth) has become an unexpected experience in all countries. If the banking system […]

More >

THE CENTRAL BANK SHOULD TAKE RESPONSIBILITY FOR FINANCE COMPANIES UNDER ITS ADMINISTRATION

Monday, June 8th, 2020

BY EDWARD THEOPHILUS A recent statement of Mr. Mahinda Rajapaksa, the Prime Minister of Sri Lanka has stated that the responsibility for the failure of the finance company must be taken by the central bank as the company has been under its administration.  I am fully agreed with the statement of the prime minister and […]

More >

COULD CHINA HELP SRI LANKA TO BE A DEVELOPED NATION? (PART B)

Monday, June 1st, 2020

BY EDWARD THEOPHILUS International news of CNN published that China is becoming to replace the USA in international aid, the total Chinese aid from the year 2000 to 2014 was US $ 354 billion of which a quantum of aid has gone to African nations where combinedly received the US $ 32 billion for 704 […]

More >

COULD CHINA HELP SRI LANKA TO BECOME A DEVELOPED NATION? (PART C)

Monday, June 1st, 2020

BY EDWARD THEOPHILUS When the country was in a difficult time after ending the civil war, the Rajapaksa regime was given strong support by China and Russia, if a situation to let down Sri Lanka arose, both countries promised to exercise their power, most probably veto power against the international attempts to condemn Sri Lanka. […]

More >

COULD CHINA HELP SRI LANKA TO BECOME A DEVELOPED NATION? (PART A)

Sunday, May 31st, 2020

BY EDWARD THEOPHILUS The major dream of Sri Lankans since the political independence from Western colonial rules has been to become a developed nation, which could deliver the prosperity to citizens of the country.  The evidence in the past indicates that the economic policy of monarchical reigns of the country was able to accomplish the […]

More >

SRI LANKA NEEDS TO CHANGE ITS MONETARY UNIT

Monday, May 25th, 2020

BY EDWARD THEOPHILUS Historical evidence of Sri Lanka unambiguously indicates that she had been used monetary units in assorted names in the past before the current monetary unit, Rupee introduced into the country.  The fascinating coins triumphal arch installed in Bank of Ceylon Head Quarters in Colombo displays the models of different monetary units had […]

More >

SRI LANKA NEEDS TO CHANGE ITS MONETARY UNIT (PART 2)

Monday, May 25th, 2020

BY EDWARD THEOPHILUS It is considered that the rapid decline of Sri Lanka rupee created a favorable environment for exporters and Sri Lankans who are in foreign employment, however, the reality is that a rapid decline of the rupee value has massively impacted on the increase in domestic inflation as well as the increase in […]

More >

RE-MODELING ECONOMIC POLICIES TO SUCCEED BALANCED GROWTH IN THE COUNTRY (PART 1)

Friday, May 22nd, 2020

BY EDWARD THEOPHILUS Re-modeling economic policies of the country may have been the prime accountability of all governments elected to the office since independence in 1948. Although the policymakers soon after the independence, did not publicly state to accomplish the accountability with balanced growth, the focus of policymaking implied to reduce the bias in the […]

More >

RE-MODELING ECONOMIC POLICIES TO SUCCEED BALANCED GROWTH IN THE COUNTRY (PART 2)

Friday, May 22nd, 2020

BY EDWARD THEOPHILUS Since 1978 economic policies have been accomplished to satisfy the attitudes or thinking patterns of common people, however, the idea of enhancing the production, and the productivity went out of the minds of policymakers, because of the politics of the country reluctance to show or hear about the shortage of goods and […]

More >

EDUCATION REFORMS REQUIRED TO BUILD A SYSTEM THAT IS LOOKING FOR GRADUATES THAN GRADUATES LOOKING FOR JOBS

Monday, May 18th, 2020

BY EDWARD THEOPHILUS I read a news report that contained an address of Mr.Gotabaya Rajapaksa, the president of Sri Lanka, and reported that the president stated the country needs to build a system that looks for graduates to employ in the organizations than graduates are looking for jobs.  This statement directed a very good vision […]

More >

SOCIAL MEDIA SHOULD STOP MYTHICAL VIEWS, LIES, BAD LANGUAGE AND IMMORAL EXPOSURES

Tuesday, May 12th, 2020

BY EDWARD THEOPHILUS It is widely accepted that the invention of personal computers, mobile phones, and other information technology-related devices, which had been used to acquaint information bolstered the initiation of social media. The freedom of expression and the right to express independent views are affirmed by social media. It is a good development and […]

More >

WOULD THE WORLD ECONOMY BE TAKEN BACK TO THE CLASSICAL ERA BY THE CORONA PANDEMIC?

Monday, April 20th, 2020

BY EDWARD THEOPHILUS The world economy has been radically changing since the great depression experienced in the 1930s, meantime, the cold war also supported control of consumer demand and the market economic system forcing many countries to spend for defense activities than investments in development projects. The war mentality limited the production in various areas […]

More >

WHITHER THE IMF WHEN CURRENCY UNITS OF DEVELOPING COUNTRIES ARE DRAMATICALLY DEPRECIATING

Saturday, April 11th, 2020

BY EDWARD THEOPHILUS It is regret to note that the coronavirus pandemic and associated unstable economic environment created in the world has caused to dramatically depreciate official currency units of developing countries.  Sri Lanka’s rupee value has depreciated to more than Rupees 200 to a US dollar and other developing countries also gaining similar results […]

More >

SRI LANKA NEEDS A PARTIAL DICTATORSHIP FOR EFFICIENT AND CLEAN ADMINISTRATION

Wednesday, April 8th, 2020

BY EDWARD THEOPHILUS When I was talking to people in Sri Lanka as well as those who were overseas, they expressed that Sri Lanka needs a partial dictatorship for efficient and clean administration. Major news items in print and web media at present are mainly focusing on corruption, misappropriation, cheating, and information related to the […]

More >

ECONOMIC POLICY NEED TO FOCUS STRONG BALANCED GROWTH IN SRI LANKA

Thursday, April 2nd, 2020

BY EDWARD THEOPHILUS Short term performance of Mr. Gotabaya Rajapaksa, the president of Sri Lanka has proved that he is a capable person to launch the country to achieve the aspirations of people.  He has given strong leadership to control coronavirus pandemic and successfully coordinated the entire administration mechanism as a team leader of the […]

More >

POSSIBLE ECONOMIC EFFECTS OF THE PROPOSAL OF MR. AJITH NIVARD CABRAL TO RELEASE A PART OF PROVIDENT FUND

Wednesday, April 1st, 2020

BY EDWARD THEOPHILUS It seems that the proposal of Mr. Ajith Nivard Cabraal to release 20% of EPF balance to members is quite controversial as it would involve in positive and negative outcomes if the proposal implemented without experts’ opinions and a proper mathematical model. What is policy research say about the proposal, especially what […]

More >

THE WORLD ECONOMY IN CORONAVIRUS PANDEMIC AND POLICY OPTIONS FOR SRI LANKA

Tuesday, March 24th, 2020

BY EDWARD THEOPHILUS It is reported that the world economy has commenced to unexpected backward as a result of the corona outbreak and many leaders have commented that this experience could be regarded as the main incident after a century of economic history.  The major impact would be unemployment and lower-income for families. It will […]

More >

PRODUCTIVITY ENHANCEMENT AND COMPLICATED ECONOMIC ISSUES IN SRI LANKA

Monday, March 9th, 2020

BY EDWARD THEOPHILUS Modernization has been affecting the economic, social and cultural environment of Sri Lanka and it seems that the government policy framework also enthusiastic about going with modernization. Sometimes, people feel that modernization invaded many areas of the country creating distortion or a deformity in attitudes of people and the real behavior of […]

More >

MR. DINESH GUNAWARDANE AN EXCELLENT FOREIGN MINISTER

Sunday, March 1st, 2020

BY EDWARD THEOPHILUS It is surprising to Sri Lankans living in the country and overseas that Mr. Dinesh Gunawardena handled the withdrawal from the Co-Sponsorship of UNHCR resolution.  It seemed that many countries respected the views expressed by Minister Gunawardena who showed the nature of real Sri Lankan and educated personnel. There were different types […]

More >

Copyright © 2020 LankaWeb.com. All Rights Reserved. Powered by Wordpress