Author Archive for EDWARD THEOPHILUS

THE PROPOSED BANKING ACT AND VITAL AREAS TO BE CONSIDERED IN THE ROLE OF THE CENTRAL BANK (PART 1)

Tuesday, January 14th, 2020

BY EDWARD THEOPHILUS It is a pleasure to hear that Prof.W.D.Lakshman, the governor of Central Bank publicly announced that a new banking act will be enacted in 2021.  According to news reports, the following areas would be the major consideration in the proposed legislation. However, the governor’s statement did not give clear information on whether […]

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THE PROPOSED BANKING ACT AND VITAL AREA TO BE CONSIDERED IN THE ROLE OF THE CENTRAAL BAK (PART 2)

Tuesday, January 14th, 2020

EDWARD THEOPHILUS Governance – It is not clear governance refers to the management of the Central bank or other trading banks.  I believe that Central Bank has own policy and procedures manuals, which are updated amalgamating internal circulars. However, governance of the Central Bank should consider appointing members to the Monetary Board and heads of […]

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PROPOSED CONSTITUTIONAL AMENDMENTS 21ST AND 22ND AND THE RIGHTS OF SMALL POLITICAL PARTIES

Sunday, January 12th, 2020

BY EDWARD THEOPHILUS I read variety of opinions on the proposed amendments of 21st and 22nd to the constitution by Mr. Wejedasa Rajapaksa in weekend newspapers of 12.01.2020. The editorials of some newspapers, politicians, and analysts in newspapers have expressed views on the proposed amendments and the vital matters regard to the proposed amendments are […]

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THE GOVERNMENT OF SRI LANKA NEEDS TO CONSIDER ESTABLISHING AN INDEPENDENT ORGANIZATION TO MANAGE SUPERANNUATION

Monday, January 6th, 2020

BY EDWARD THEOPHILUS Historical information indicates that the superannuation system to Sri Lanka was brought by the British colonial rulers and originally, it was limited to a government pension program to its employees. The superannuation system was broadened by the establishment of the Employees Provident Fund (EPF) and the system further enhanced by the establishment […]

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THE SOVEREIGNTY OF PEOPLE AND THE ELECTION SYSTEM OF SRI LANKA

Monday, January 6th, 2020

BY EDWARD THEOPHILUS The policy statement made to the parliament by President Gotabaya Rajapaksa especially mentioned four significant areas in political administration in which ordinary people may not clearly understand the meaning of such a strong statement and how should they respond at the next general election. The policy statement included the following four points. […]

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THE GOVERNMENT NEEDS TO PERMIT MERGERS AND ACQUISITIONS IN BANKING AND FINANCE SECTOR IN SRI LANKA

Sunday, January 5th, 2020

BY EDWARD THEOPHILUS The major crisis in the banking and finance sector in Sri Lanka has been the shortage of capital in individual corporates since the early 1960s and the control mechanism in the regulatory authority (Central Bank) had little understanding and the capability of forecasting on the control requirements.  Regulatory reviews for the efficiency, […]

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NATIONAL ANTHEM IN TAMIL

Wednesday, January 1st, 2020

BY EDWARD THEOPHILUS How to sing the national anthem of Sri Lanka in Tamil is a question to me as the current National Anthem is in Sinhala language and originally it was authored by the lyricist in the Sinhala language.  If anyone suggests or requests to sing in Tamil it will not be a national […]

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THE ROLE OF RELIGIONS AND RELIGIOUS RECONCILIATION IN SRI LANKA

Saturday, December 28th, 2019

BY EDWARD THEOPHILUS Why religions emerged to this world and when religions emerged are hard questions to answer because nobody can give specific and clear answers to these questions. People can recollect that when they born, religions were existing and some historians attempted to interpret that the beginning of religions was to get a relief […]

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POLICY INITIATIVE OF MR. GOTABAYA RAJAPAKSA IS THE RIGHT WAY TO ACHIEVE EXPECTATIONS OF SRI LANKANS

Saturday, December 21st, 2019

BY EDWARD THEOPHILUS During the short period after the presidential election as the elected president of Sri Lanka, Mr. Gotabaya Rajapaksa has successfully initiated an excellent policymaking and policy implementation process.  The vital aspect of the policy process to the country is the vision and dedicated thrust to work for the achievement of economic advancement, […]

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EDUCATION REFORMS ESSENTIAL TO SRI LANKA (PART 2)-VERTICAL AND HORIZONTAL MODELS OF DISTRIBUTION AND SOCIAL JUSTICE IN PROVIDING EDUCATION

Monday, December 16th, 2019

BY EDWARD THEOPHILUS Part one of this article focused on a basic requirement a Horizontal Model for Education Distribution in the country for education reforms.  The structure for the model for a million population irrespective of where the population has networked or distributed, whether in rural or urban area, the proposed model designed to apply […]

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EDUCATION REFORMS ESSENTIAL TO SRI LANKA (PART 1a) A HORIZONTAL DISTRIBUTION MODEL

Tuesday, December 10th, 2019

BY EDWARD THEOPHILUS During the presidential election 2019, many candidates and people publicly talked about education reforms.  Except for Mr. Gotabaya Rajapaksa, other candidates and public have not expressed clear views on this subject and reluctant to talk about what kind of reforms need to Sri Lanka. Education is a broader subject area that involves […]

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THE REALITY OF TEN PRINCIPLES OF GOVERNMENT AND THE NATIONAL POLICY ON ECONOMIC TARGETS

Monday, December 9th, 2019

BY EDWARD THEOPHILUS Mr. Bandula Gunawardane, Minister for Information Technology, Higher Education, Technology and Innovation and Co-Cabinet Spokesman has made a public statement on ten principles of government and the national policy in relation to priorities.  This statement further included major economic targets, which seemed to be not unrealistic as the targets could be easily […]

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ENGAGING SRI LANKA’S BORN PROFESSIONALS NATION BUILDING

Thursday, November 28th, 2019

BY EDWARD THEOPHILUS I read articles published in national newspapers in this subject and many reporters or writers did not consider essential points on this matter and some professionals overseas have primary views that current professionals in Sri Lanka have no required knowledge, skills, experience to perform their work.  It is the not correct view. […]

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WHAT IS NEEDED TO SRI LANKA?

Thursday, November 21st, 2019

BY EDWARD THEOPHILUS Two years ago, people knew that yahapalanaya was failed and it was the most corrupt regime ever came to power in the country. In my writing indicated that Mr. Gotabaya Rajapaksa will be the right person to lead the country and he will win with the support of Sinhala people, who represent […]

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POLITICS AND CIVIL SOCIETY ACTIVISTS IN SRI LANKA

Thursday, October 3rd, 2019

BY EDWARD THEOPHILUS Civil Society Activists in many countries in the world appear to be working as independent activists without engaging in popular politics or supporting political parties, however, in Sri Lanka civil society activists appear to be in a mud puddle without clearly understanding the role of them. As I reiterated before, civil society […]

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SRI LANKA NEEDS STRONG UNITY OF ALL POLITICAL PARTIES

Saturday, September 28th, 2019

BY EDWARD THEOPHILUS It seems that different opinion was expressed by desperate or discrete individuals and the hidden intention of many of these individuals seem to gain personal advantages after the presidential election. People have been seen in this situation since 1970. Many individuals or groups  demonstrated that they associated with political parties to gain […]

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CAN SLFP BRING BACK TO ORIGINAL POLICY STATUS?

Saturday, September 21st, 2019

BY EDWARD THEOPHILUS A recent statement of Mr Dayasiri Jayasekera, the secretary of SLFP published in news media that SLFP will bring back to original policy status and it is a good idea, but the likelihood of occurrence of the statement might be a statement with a negligible value.  Policy wise SLFP after the political […]

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PRIVATIZATION OF GOVERNMENT BANKS AND THE REQUIREMENT OF REFORMING THE MANAGEMENT OF BANKS

Thursday, September 12th, 2019

BY EDWARD THEOPHILUS Privatization of government owned banks has been an issue in Sri Lanka since early 1990s and many have no idea why the issue was emerged at that time, and it seems that now the issue has involved in politics rather than considering the facts  related to the requirement of privatization or popularly […]

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NATIONAL SECURITY AND THE ECONOMY OF SRI LANKA

Tuesday, September 10th, 2019

BY EDWARD THEOPHILUS The biggest mistake done by the yahapalana regime was neglecting the economy and national security and these two vital areas have clearly understood by Mr. Gotabaya Rajapaksa.  The current unofficial presidential campaign shows that except Mr. Gotabaya Rajapaksa, all other buoyant presidential candidates are reluctant to talk about the national security and […]

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WHAT IS THE ECONOMIC POLICY OF JANATHA VIMUKTHI PERAMUNA?

Sunday, September 8th, 2019

By Edward Theophilus It is widely published in overseas that JVP will nominate a candidate for the presidential election with the support of a TV channel which has been giving wide publicity for the candidate since 2016 in its two major programs in Sinhala and English.  The candidate associated with audit activities and good for […]

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THE CATHOLIC CHURCH AND INTER-RELIGIOUS RECONCILIATION IN SRI LANKA BETWEEN RELIGIONS

Tuesday, September 3rd, 2019

BY EDWARD THEOPHILUS The most impressive picture that people of Sri Lanka and overseas seen in media recently was the paying homage to the tooth relic of the Buddha at the Dalada Maligava in Kandy by Archbishop Malcolm Rajith. At that time Mahanayake Thera Most Venerable Tibbotuwave Medankara Thero and Chairman of the Association of […]

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REGIONAL SECURITY, JOURNALIST BEHAVIOUR, AND PRESIDENTIAL CANDIDATES

Monday, August 19th, 2019

BY EDWARD THEOPHILUS This year’s Indian independence celebration primarily focused on regional security, which is a vital issue for all countries in the South Asian region. It seems that certain media of Sri Lanka attempts to mislead people of the country focusing on unimportant issues that are entirely worthless and they are really like opening […]

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SEPARATING POLITICS FROM ECONOMIC DEVELOPMENT AND SECURITY OF SRI LANKA

Sunday, August 11th, 2019

BY EDWARD THEOPHILUS It has been reported in news media in Sri Lanka that Mr. Gotabaya Rajapaksa stated if he becomes the president of Sri Lanka from the next election, he will give all politics and political-related activities in the country to Mr. Mahinda Rajapaksa and fully concentrate on the economic development, elevating the economy […]

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HAS SINHALA POPULATION DECLINED IN SRI LANKA?

Thursday, July 25th, 2019

BY EDWARD THEOPHILUS The determination of increase or decrease in population of different communities or races living in Sri Lanka would be based on the actual census results and pre-emptive decisions just listing to gossips talks going on in village tea boutiques is unreasonable and misleading. Sinhala community is frequently disturbed by fabricated information that […]

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MILLENNIUM CHALLENGES, ECONOMIC ISSUES AND INTERNATIONAL POLITICS IN SR LANKA PART 1

Thursday, July 18th, 2019

BY EDWARD THEOPHILUS Recent political analysis of Mr. C.A Chandraprema in Sunday Island on 14.07.2019 allowed understanding the truth about the achievement of millennium goals in Sri Lanka as it has been quite closed information that most of the population in the country including politicians have no idea about this test performance.  I associated with […]

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MILLENNIUM CHALLENGES, ECONOMIC ISSUES AND INTERNATIONAL POLITICS IN SR LANKA PART 2

Thursday, July 18th, 2019

BY EDWARD THEOPHILUS Fiscal Policy Fiscal policy became a vital issue after the conditions created Korean War in early 1950s and Sri Lanka was unable to design and develop a good fiscal policy to the country.  It seemed that the economic authority treated fiscal policy and monetary as alternatives despites in our university classrooms education […]

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MR RUWAN WIJEWARDANE IS THE BEST LEADER FOR UNP

Tuesday, July 9th, 2019

BY EDWARD THEOPHILUS Generally, all political parties in Sri Lanka have a common problem, which is they don’t train the next leader for the party to take responsibilities on account of the country.  Next leader of a political party should be a dynamic characteristic, which has a good education, excellent attitudes, dynamic skills and broader […]

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THE BEST ALTERNATIVE APPROACH FOR MAINTAINING THE EXECUTIVE PRESIDENCY

Sunday, July 7th, 2019

BY EDWARD THEOPHILUS Despite the various arguments against the executive presidency in Sri Lanka, when impartially consider on the role played by the position, it is acceptable that the executive presidency has performed a significant role in the country in relation to a various area.  There may have been weaknesses in it as human discharges […]

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CAN CAPITAL PUNISHMENT JUSTIFY IN A DEMOCRATIC SOCIETY? PART 1

Wednesday, July 3rd, 2019

BY EDWARD THEOPHILUS Narcotic has become a serious problem in the modern world as they are badly affected to the human body as the adherent substance in the one hand and the consumers and dealers of the illicit drug do massive harm to the young generation and to the society in other hands. Many countries […]

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CAN CAPITAL PUNISHMENT JUSTIFY IN A DEMOCRATIC SOCIETY? PART 2

Wednesday, July 3rd, 2019

BY EDWARD THEOPHILUS In Sri Lanka a widespread talking point or a gossip was, that originally abolished capital punishment was re-established after the assassination of Prime Minister S.W.R.D. Bandaranaike, and the capital punishment was given to the assassinator, Rev. Talduwe Somarama was not the real assassinator, but some other person did it, and the exterminator […]

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