Author Archive for EDWARD THEOPHILUS

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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THE CONCEPT OF SEPARATE STATE AND ASPIRATIONS OF TAMILS IN SRI LANKA

Tuesday, February 25th, 2020

BY EDWARD THEOPHILUS The concept of a separate state is a confusing term to Sinhala and Tamil people in Sri Lanka and it is more complex and baffled term to Muslims too in the country.  The term separate state defines dictionaries and encyclopedia on the internet using the arguments had between Hindu and Muslim leaders […]

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POPULATION GROWTH AND WOMEN FERTILITY RELATED ISSUES IN SRI LANKA

Tuesday, February 18th, 2020

BY EDWARD THEOPHILUS Population in any country contemplates as a macroeconomic factor that has a relationship with a broader economic activity in a country and policymakers concern with population-related issues as it associates with primarily economic development and it also concerns with social and cultural issues. Many western countries face the problem of economic growth […]

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CENTRAL BANK BOND SCAM AND MISLEADING PUBLIC PART 1

Monday, February 10th, 2020

BY EDWARD THEOPHILUS Central Bank bond scam has been in news media of Sri Lanka since 2015 and when I was watching TV programs on this matter I had a feeling that it has been used by many people in the country to mislead public who haven’t clear understanding about the dealing and some TV […]

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CENTRAL BANK BOND SCAM AND MISLEADING THE PUBLIC PART 2

Monday, February 10th, 2020

BY EDWARD THEOPHILUS TV programs conducted by TV companies and participants of the programs including Mr. Sunil Hadunneththi did not explain point by point to people and I have a reasonable question whether they wanted to mislead the public talking unknown and irrelevant matters rather than presenting the real picture of the central bank bond […]

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CURRICULUM AND TEACHING REFORMS ESSENTIAL TO SRI LANKA PART 1

Friday, January 31st, 2020

BY EDWARD THEOPHILUS Curriculum and Teaching reforms would be the most considerable area in the education reforms process of Sri Lanka and the quality of education will be dependent on the success of the curriculum and teaching process. This is the secrecy that the success of education in Western countries.  Parents of Sri Lanka wish […]

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CURRICULUM AND TEACHING REFORMS ESSENTIAL TO SRI LANKA PART 2

Friday, January 31st, 2020

BY EDWARD THEOPHILUS UNESCO defined curriculum is an organized education plan and curriculum in education in Sri Lanka has not become an education plan that leads kids to achieve future success and the national curriculum documents have not organized as an education plan. The weakness in curriculum in schools in Sri Lanka is that educational […]

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FORENSIC AUDIT REPORT ON CENTRAL BANK BOND SCAM AND THE SUPERANNUATION MANAGEMENT IN SRI LANKA

Wednesday, January 29th, 2020

BY EDWARD THEOPHILUS I attempted to find a copy of the forensic audit report on the central bank bond scam, but I could not find it, most probably, the speaker of parliament may want to maintain confidentiality on the contents of the report. If it is opened to the public different views would have aroused […]

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ADAPTING TO MODERNIZATION IN A DYNAMIC SOCIETY

Monday, January 27th, 2020

BY EDWARD THEOPHILUS When I look at opinions, readings and human behavior regarding the concept of modernization it seems that policymakers in Sri Lanka are in a difficult situation without a clear understanding of how it should be adapted to the society of Sri Lanka.  Not only in a theoretical sense but also in practical […]

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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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