Author Archive for EDWARD THEOPHILUS

THERE MAY BE NEGATIVE IMPACT OPERATING AN OFFICE OF BJP IN SRI LANKA

Friday, February 19th, 2021

BY EDWARD THEOPHILUS Unconfirmed reports from India indicated that some people have expressed concern about the news that the BJP is willing to be opened a branch in Sri Lanka, and how it impacts politics in Sri Lanka may be an unexpected change of the nature of political issues in Sri Lanka, and many people […]

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MAKING JUDGMENT ON THE ROLE PLAYED BY THE GOVERNMENT SINCE ITS ELECTION

Friday, February 12th, 2021

BY EDWARD THEOPHILUS Before coming to power, members of the current government promised various policy actions to people, and now it has come the right time for evaluating such policies whether they were fulfilled or initiated to work on. This is a critical question to people as they are eager to see the performance of […]

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FROM TWO MEASURES OF RICE TO CHEAP DHAL, SUGAR, AND OTHERS

Tuesday, February 9th, 2021

BY EDWARD THEOPHILUS Mr.Bandula Gunawardane, a minister of the government expressed in a recent press conference that the government has decided to reduce the prices of dhal (lentil), sugar, rice, and other several consumer items. He again stated in the parliament that the gazette notice has been canceled as no retailer sells goods for a […]

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FOREIGN DIRECT INVESTMENTS AND DELUSIONS ON PRIVATE CONTRIBUTION TO THE ECONOMY

Sunday, February 7th, 2021

BY EDWARD THEOPHILUS Without any difference of the government and opposition policies, all prefer foreign direct investments (FDI) as they positively impact Sri Lanka’s economy. Especially foreign direct investments play a massive role to improve macroeconomic variables such as foreign reserves, employment, GDP growth, international trade, and terms of trade, and many others.  Foreign direct […]

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THE GOVERNING WAY AND STYLE OF MR. GOTABAYA RAJAPAKSA CONSISTENT WITH THE EXPECTATION OF THE PUBLIC (PART 1)

Wednesday, February 3rd, 2021

BY EDWARD THEOPHILUS Before Mr. Gotabaya Rajapaksa was selected as the nominee of Pohottuwa for the presidential election in 2019, there were many misconceptions, manipulations, and vicious engineering against him, and the malice engineering was focused on personal attacks against Mr. Rajapaksa as he had gained strong confidence of people than the performance of the […]

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THE GOVERNING WAY AND STYLE OF MR.GOTABAYA RAJAPAKSA CONSISTENT WITH THE EXPECTATION OF THE PUBLIC PART 2

Wednesday, February 3rd, 2021

BY EDWARD THEOPHILUS The major issue during the next five years to Mr. Gotabaya Rajapaksa will be how to reconcile the technical dualism between the Port City and the rural economy. Port City is a good economic strategy for showing to the world, but the reality is the provincial economy which consists of more than […]

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WHY SRI LANKA NEEDS PRIVATIZATION OF PUBLIC ENTERPRISES?

Tuesday, January 26th, 2021

BY EDWARD THEOPHILUS The privatization of public enterprises had been a significant policy initiative in a liberal economic system, and if it considers the era after the first world war, it could be seen that many countries in the world have espoused the privatization of public enterprises for various reasons and purposes, and many governments […]

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ECONOMIC LIBERALIZATION POLICIES IN SRI LANKA: BOON OR BANE?

Thursday, January 14th, 2021

BY EDWARD THEOPHILUS The Sunday Observer (10/01/2021) reported that the Central Bank of Sri Lanka is going to review economic liberalization policies, it is a good and overdue task. Economic liberalization policies initiated by President J. R. Jayewardene and it would have done when Mr.J.R.Jayawardane ended the presidency, and he was the right person to […]

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IS BUDDHISM A GREAT BLESSING UPON SRI LANKA?

Friday, January 1st, 2021

BY EDWARD THEOPHILUS People in Sri Lanka as well as in the world got an excellent message from Cardinal Malcolm Ranjith for the new year 2021 that nobody has been expected from a religious leader in the country at the religious controversy current environment that Buddhism is being a great blessing upon Sri Lanka. Rev.Malcolm […]

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THE ECONOMIC POLICYMAKERS MUST AIM TO BUILD A HIGH VOLUME OF FOREIGN RESERVES- PART ONE

Thursday, December 31st, 2020

BY EDWARD THEOPHILUS A major reason for the economic downturn of Sri Lanka could be considered as the variation of foreign exchange reserves, and no government since 1948 has been explained the issue to the public, despite the policymakers widely talking about foreign exchange earnings and shortages. The public in Sri Lanka has no understanding […]

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THE ECONOMIC POLICYMAKERS MUST AIM TO BUILD A HIGH VOLUME OF FOREIGN RESERVES- PART TWO

Thursday, December 31st, 2020

BY EDWARD THEOPHILUS In the 20th century, many developed countries considered establishing SOVERIGN WEALTH FUNDS and policy advisors of Sri Lanka with the strong hope of Mannar basin oil deposits advised the government to start Sovereign Wealth Fund, but the government is still talking Mannar basin oil deposits rather than realizing the oil and gas […]

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UNREST IN MAHARA PRISON AND VALUE EDUCATION IN SRI LANKA

Sunday, December 6th, 2020

BY EDWARD THEOPHILUS After the LTTE war, the most internationally noted incident in Sri Lanka was the unrest in Mahara Prison, and pictures of the incident have been viewed globally through social media. The factors that contributed to unrest seem to be contradicted and ordinary people are confused by a range of information provided by […]

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WERE RELIGIOUS DIFFERENCES CONTRIBUTED TO THE DISUNITY OF SRI LANKANS?

Tuesday, December 1st, 2020

BY EDWARD THEOPHILUS It considers the unity among different community groups in a country will be an essential condition and ingredient for prosperity and strength, either in economic achievements or political stability. When critically tests the era of King Parakramabahu the Great, the idea is confirmed with much evidence.  The archetype had in mind of […]

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REDUCTION OF BUDGET DEFICIT AND CREATING A PRODUCTION ECONOMY

Saturday, November 21st, 2020

BY EDWARD THEOPHILUS The main focus of the budget speech of the prime minister for 2021 has reported that the reduction of the budget deficit, and creating a production economy in the country.  The idea has been written in my articles during the past several years as I observed that macroeconomic issues have been less […]

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HAS SRI LANKA BEEN CAUGHT IN A CHINESE DEBT TRAP? PART 1

Friday, November 13th, 2020

BY EDWARD THEOPHILUS What is a debt trap, is a question to ordinary people in the country, because many people have no understanding of the debt trap issue, and access to related statistics? People know what is a trap, and how to use a trap for various purposes.  A trap is used to catch animals, […]

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HAS SRI LANKA BEEN CAUGHT IN A CHINESE DEBT TRAP? PART 2

Friday, November 13th, 2020

BY EDWARD THEOPHILUS Sri Lanka has good strategies for debt management and the current debt statistics don’t indicate that Sri Lanka has caught in a Chinese debt trap, and China helped Sri Lanka to expand its GDP base by initiated loan projects, and Sri Lanka needs to expand Chinese sponsored projects in many areas, not […]

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THE CONCEPT AND CONTENTS OF THE 13TH AMENDMENT

Sunday, November 1st, 2020

BY EDWARD THEOPHILUS It seems that many people of Sri Lanka talk about the 13th amendment to the constitution before the quick boost of opinion on the arrival of the US Secretary of State. The visit was highly focused on opinion on the MCC agreement and political talks on the agreement, and it is clear […]

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THE VISIT OF MIKE POMPEO, THE SECRETARY OF STATE AND MISCONCEPTIONS ON INVESTMENT IN SRI LANKA

Saturday, October 31st, 2020

BY EDWARD THEOPHILUS When it talks about investment nobody can ignore the views of Schumpeter, who is regarded as a classical economist that investment is built upon on the level of returns that an investor gains and expected, which is based on the cost of investment plus the risk that could be tolerated by an […]

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BOOSTING THE PRODUCTIVITY AND COMPETITIVENESS OF THE GARMENT INDUSTRY IN SRI LANKA

Sunday, October 25th, 2020

BY EDWARD THEOPHILUS When evaluates the export industry structure of Sri Lanka, we would find that the industry has been instigated changes in the market structure since the early 1960s with the results of foreign advice as well as findings of domestic researches. This changing trend has been continually incorporating new industries into the sector. […]

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WASTING FUNDS FOR THE SCHOLARSHIP EXAMINATION AND THE REQUIREMENT OF SPENDING FUNDS FOR THE IMPROVEMENT OF TEACHER QUALITY

Monday, October 19th, 2020

BY EDWARD THEOPHILUS The scholarship examination has become a stressful test for parents, teachers, students, and the government.  Many people in the country say it is an examination of parents as the interest of parents is greater than students take the test. Generally, the test may be a method of determination of the competitive quality […]

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EDUCATION REFORMS AND INTER-RELIGIOUS AND ETHNIC RECONCILIATION IN SRI LANKA

Sunday, October 11th, 2020

BY EDWARD THEOPHILUS Mahinda Rajapaksa, the Prime Minister of Sri Lanka, has recently made a public statement that the establishment of deviated schools for kids in different religious and ethnic groups was a major reason to deflect society according to religions and ethnic groups.  The policy created many issues in the process of building a […]

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ADVANTAGES OF UNDERSTANDING BANK CREDIT POLICIES TO AVOID PROBLEMS IN THE FINANCE SECTOR

Wednesday, October 7th, 2020

BY EDWARD THEOPHILUS A few months ago, the country-wide highlighted problem that was directed to the president was difficulty in obtaining credit facilities for the small business sector and neglecting small business communities by organized banks in the country. The issue has been widely discussed by bankers as well as policy-makers of the country.  The […]

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IS JVP A POLITICAL PARTY THAT DEVIATED FROM THE TRADITIONAL LEFT POLITICS AND DEVELOPMENT ORIENTED?

Monday, September 28th, 2020

BY EDWARD THEOPHILUS It is amorphous what the objectives of traditional left political parties when they were established in Sri Lanka? People of Sri Lanka had been adapted to feudalism in politics and administration since Kalinga rule, and generally, they did not prefer a revolutionist administration that turns the country to upside down.  Many historians […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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