Author Archive for EDWARD THEOPHILUS

THE DEBT RESTRUCTURING CONTROVERSY IN SRI LANKA

Monday, November 28th, 2022

BY EDWARD THEOPHILUS The information on the debt restructuring of Sri Lanka shows that it has become a serious controversy among many people, despite this situation ordinary people in the country have no idea about the controversy. Some information publishes in the media and much of them have limited to policymakers. As the process of […]

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WHAT’S THE ECONOMIC POLICY OF RISHI SUNAK? COULD HE SAVE UNITED KINGDOM’S DETERIORATING THE ECONOMIC POWER AFTER THE BREXIT?

Wednesday, November 2nd, 2022

BY EDWARD THEOPHILUS The change in the British Prime Minister has become a question of whether Britain needs a new leader with dynamic abilities for economic policy innovation and conceivable to direct such policies to the world as happened in the past. In this environment, another question emerges, why is apocryphal thinking respected by British […]

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SRI LANKA NEEDS A NEW FAMILY FOR POLITICAL LEADERSHIP

Tuesday, November 1st, 2022

BY EDWARD THEOPHILUS Family politics is a concerning matter for all Sri Lankans because there has been severe criticism against family politics which promoted corruption in the country. In history, before foreign invasions, families got the power to become kings and queens. Since the beginning of the Donormore administration in 1932, the political leadership has […]

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WHAT WAS THE ECONOMIC POLICY OF THE ARAGALAYA?

Friday, October 21st, 2022

BY EDWARD THEOPHILUS Various reasons contributed to beginning the unsuccessful ARAGALAYA in 2022, which focused on either capturing the government or changing the government policy towards the people suffering from economic difficulties.  Capturing a government that was elected by a democratic election could be considered illegal in terms of law and gaining political power in […]

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WHY UNIVERSITY ADMINISTRATION IN SRI LANKA CAN NOT STOP AMATORY CRIMES SUCH AS RAGGING?

Saturday, October 15th, 2022

BY EDWARD THEOPHILUS University ragging was treated as a way of socialization and was limited to the beginning two weeks after commencing university education. Later the aspect of ragging expanded to more than socialization and ragging expanded to amatory crimes when it was expanded to not only the university premises but also adjoining areas and […]

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WHAT IS AN ECONOMIC CRIME? POLITICIANS IN SRI LANKA HAVE RELATIONSHIPS WITH ECONOMIC CRIMES

Friday, October 14th, 2022

BY EDWARD THEOPHILUS The concept of economic crime is involved in a broader area of activities that could be financially valued and a vital aspect of economic crime could be seen it has ample relationships with illegally gaining financial benefits from an economic transaction. Defining an economic crime is a hard task because it involves […]

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UNIVERSITY RAGGING IN SRI LANKA PROVES THAT EROTIC CRIMINALS ARE IN UNIVERSITIES

Tuesday, October 11th, 2022

BY EDWARD THEOPHILUS Erotic crimes are punished by criminal law and the ragging in Universities of Sri Lanka could be investigated and punished as criminal offences. These barbaric activities are going on in universities despite controls and laws against these barbaric activities. When I entered a university in 1969, I was relegated to ragging which […]

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THE PROPOSAL TO ESTABLISH AN INTERNATIONAL UNIVERSITY ON CLIMATE CHANGE

Tuesday, October 4th, 2022

BY EDWARD THEOPHILUS It was published in a newspaper that president Ranil Wickremasinghe has proposed to the Asian Development Bank to establish an International University on climate change. The proposed university is to be established in Sri Lanka and my view is the Mullaitivu area would be the best place to establish the university. Climate […]

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SOCIAL SECURITY TAX AND THE NECESSARY CONDITIONS FOR THE PAYMENT OF SOCIAL SECURITY

Sunday, October 2nd, 2022

BY EDWARD THEOPHILUS The government of Sri Lanka has imposed a social security tax that aims to charge a 2.5% tax on those with a turnover of more than Rs 120 million. According to the tax details, it seems an indirect tax and people aren’t clear about the tax details. Can this tax shift to […]

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UNITING THE PEOPLE FOR THE COUNTRY  Part 1

Tuesday, September 27th, 2022

BY EDWARD THEOPHILUS The administration of Sri Lanka has encountered a gigantic task of uniting the people of the country after the ARAGALAYA, the challenge seems to be an arduous task. People in the country are divided based on various ideologies and policy matters of the government. It is natural, that people have a variety […]

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UNITING THE PEOPLE FOR THE COUNTRY – PART 2

Tuesday, September 27th, 2022

BY EDWARD THEOPHILUS Since the administration of King Vijaya, the application of values did not work in society because the behaviour of King Vijaya showed that he had no values and was not concerned about practising values in society. King Vijaya was a lawbreaker and was deported from his country as he was behaving harmful […]

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THE DECISION TO EDUCATE IN THE ENGLISH MEDIUM

Sunday, September 11th, 2022

BY EDWARD THEOPHILUS I read a news report in Daily Mirror that the education in Sri Lanka from next year would be in the English medium. It is a good decision and it would support reducing social differences in the country. As we have seen for a long-time education in the English medium is an […]

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IS SRI LANKA A CHAOTIC COUNTRY?

Tuesday, September 6th, 2022

BY EDWARD THEOPHILUS When we read the information in print and web media staying from outside Sri Lanka, it appears Sri Lanka is a chaotic country without law and order. The information is mixed with social media which is associated with manipulation than truth. Many Sri Lankans living in the country state that the actual […]

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HAD THE CATHOLIC CHURCH A SECRET AGENDA AGAINST THE OTHER RELIGIONS DURING THE ARAGALAYA?

Friday, September 2nd, 2022

BY EDWARD THEOPHILUS WANIGASEKERA Social, religious and political issues have been associated with the Catholic Church, which arrived in Sri Lanka with the invasion of the Portuguese in 1505, and the church had several conflicts with the government. Historical information related to the Christian churches in Sri Lanka evidence that the church always attempted to […]

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CLIMACTERIC OF GOVERNMENT ENTERPRISES MANAGEMENT IN SRI LANKA

Sunday, August 21st, 2022

BY EDWARD THEOPHILUS Public sector investments from 1956 to 1977 had a tremendous growth, the major reason for the increasing trend was the political pressure towards the elected governments from public and trade unions while restrictions for private investment have been decreed by the government. Investment role and ownership patterns have been misinterpreted by Marxist […]

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REINTRODUCING THE SIX YEARS PROGRAM OF INVESTMENT (1955-1960)

Thursday, August 11th, 2022

BY EDWARD THEOPHILUS I read content in many publications that Sri Lanka has an economic crisis (2022) that is unimaginable to the government’s economic advisors what should do to get out of the problem. If the government economic advisors knew about this situation before 2022, why didn’t they educate the policymaking process of the country? […]

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ESTABLISHING A PEOPLE’S CONGRESS IN SRI LANKA

Monday, August 8th, 2022

BY EDWARD THEOPHILUS The concept of a people’s congress has been related to political administration in socialist countries and they functioned to consider the ideas of people regarding any work. Before the collapse of the Soviet Union, many socialist countries had a people’s congress that was a similar constitutional institution to a parliament which is […]

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THE MACROECONOMIC FRAMEWORK FOR SRI LANKA NECESSITOUS

Tuesday, August 2nd, 2022

BY EDWARD THEOPHILUS Financial assistance for Sri Lanka from international financial institutions has been conditioned to have a macroeconomic framework for the country. Although the macroeconomy is a broader area like a jungle as stated by R.G.D.Allen in his famous title Macroeconomics, many countries have developed their macroeconomic framework,   considering the vital structural factors of […]

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WHAT IS THE SOLUTION FOR STAGFLATION IN SRI LANKA?

Sunday, July 31st, 2022

BY EDWARD THEOPHILUS Stagflation means double-digit inflation seems in many countries as a result of the post-Corona pandemic, and the temporary solution to this situation being used by many countries is to increase subsidies to lower income earners, how these countries spend for subsidies (Source of funds) has not been disclosed and it could assume […]

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WHAT ARE THE REFORMS NEEDED TO GET BACK SR LANKA TO THE STABILITY LEVEL? PART TWO

Wednesday, July 27th, 2022

BY EDWARD THEOPHILUS Part one of this article focused on several significant points that have been developed in the country since the colonial era that are vital to understanding the background for reforms needed in the country. The working knowledge of English is essential to reduce the population of the country as a strategy to […]

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WHAT ARE THE REFORMS NEEDED TO GET BACK SR LANKA TO THE STABILITY LEVEL? PART ONE

Thursday, July 21st, 2022

BY EDWARD THEOPHILUS Although Sri Lanka is a small country with a limited land area and resources it needs radical reforms to achieve stability and expected development. It is needed to understand that stability in this dynamic world is like a dream. The country has a long history of seditions (Aragala) and the result of […]

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WHAT ACTIONS WILL TAKE AGAINST RAJAPAKSA REGIME?

Wednesday, July 6th, 2022

BY EDWARD THEOPHILUS When two people get together there is a question that each other ask. The question is what actions by the government would take against the Rajapaksa regime? Many information published on social media may not be true and it would be a willful fabrication. But, Sri Lankans believe that no smoke could […]

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SRI LANKA NEED TO AGREE WITH THE HARSH CONDITION OF IMF

Tuesday, July 5th, 2022

BY EDWARD THEOPHILUS Despite the views of politicians and others, Sri Lanka should be forced to agree to strong conditions for economic support. Historical information indicates that the welfare economy has been operating against people working and many people in the country have been addicted to subsidies the government needs to change this situation. Subsidies […]

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THE PRIVATE SECTORS OF SRI LANKA IS EQUALLY RESPONSIBLE FOR ECONOMIC MANAGEMENT

Friday, July 1st, 2022

BY EDWARD THEOPHILUS According to the general understanding, the government sector and the private sector are equally responsible for the management of the economy, however, since the 1956 election, the responsibility of the management of the economy was unequally transferred to the public sector and this process was incurred by the nationalization of private enterprises, […]

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WHY DOES SRI LANKA NEED TO PRIVATIZE GOVERNMENT BANKS?

Wednesday, June 29th, 2022

BY EDWARD THEOPHILUS The current economic crisis in Sri Lanka is a consequence of misguided economic management based on deluded policies that have become operative since 1970 elected government and the management of government banks have been politicalized by the elected government and party members were attempting to control all affairs of banks, which were […]

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WHY WAS RAJAPAKSA GROUP SILENT WHEN MASSIVE ACCUSATIONS WERE DIRECT AGAINST THEM BY PEOPLE

Saturday, June 18th, 2022

BY EDWARD THEOPHILUS Tremendous accusations against the Rajapaksa family were directed by various people and no member of the Rajapaksa family came out and express a few words against the accusations. This silent situation supports people to believe that the Rajapaksa family has done tremendous bamboozling against the country and the obvious situation is they […]

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HOW TO GET OUT OF THE CURRENT ECONOMIC CRISIS IN SRI LANKA

Monday, May 16th, 2022

BY EDWARD THEOPHILUS It is reported that Sri Lanka has a gigantic economic crisis. The major reason is the mismanagement of the economy since 1978, and money printing without control began in the late 1980s and has been continued by later governments.  There are reported cases in that the Rajapaksa family associated with investment projects […]

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MISUNDERSTANDING DEMOCRACY AND COMPLICATED ISSUES IN SRI LANKA

Wednesday, April 27th, 2022

BY EDWARD THEOPHILUS The concept of democracy for government administration arrived in Sri Lanka with foreign invasion, especially by Europeans.  In the book of John Doily, the sketch of the Kandian Kingdom attempted to give reasonable details of the system of administration in Sri Lanka in the past and it indicated that Sri Lanka had […]

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COMPARATIVE ECONOMIC DATA AND TRUTH ABOUT THE HUMAN CONDITION IN SRI LANKA

Tuesday, April 12th, 2022

BY EDWARD THEOPHILUS  The study on the economic history shows that there have been fluctuations in economic growth from time to time and people in the world experienced negative and positive economic outcomes resulting from fluctuations. The changes in economic prosperity either positively or negatively impact human lives. This reality could be seen in all […]

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SEEKING FINANCIAL SUPPORT FROM THE IMF FOR SRI LANKA

Sunday, February 27th, 2022

BY EDWARD THEOPHILUS The history of the International Monetary Fund indicates that it was established (1944) when there was a crisis in the international financial system in the 1930s, France and associated countries attempted to devalue and revalue national currencies to gain trade advantages using the international financial system. At that time there was no […]

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