Author Archive for EDWARD THEOPHILUS

POPULATION IS A CRITICAL FACTOR FOR ECONOMIC DEVELOPMENT IN SRI LANKA

Tuesday, May 11th, 2021

BY EDWARD THEOPHILUS Economic development has been talking since independence in 1948 focussing on various strategies and at the school level, this topic was broadly discussed to educate the young generation. Since early 1960, the government policy focused on a variety of issues that affected economic development. There was a theoretical explanation that the population […]

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DO WE NEED A FUNDED PEACE?

Wednesday, April 28th, 2021

BY EDWARD THEOPHILUS I read an article published in Daily News on 28.04.2021 ‘World Military Spending Rises to the US $ 2 Trillion by Thalif Deen.  The article was concluded quoting a statement US Secretary-General, Bank-Ki Moon, ‘the world is over-armed, and peace is underfunded.’ My question is could last a funded peace in the […]

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MEANING OF ECONOMIC DEVELOPMENT AND GROWTH IN SRI LANKA

Sunday, April 25th, 2021

BY EDWARD THEOPHILUS It seems that economic development and growth in Sri Lanka could be used with different approaches and many Sri Lankans mean that economic development is individual prosperity while growth is an aggregate status that could reflect the comparative position of individuals with the previous pattern of consumption and other matters. Many students […]

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BENEFITS OF COLOMBO PORT CITY SHOULD GO TO THE DEVELOPMENT OF RURAL SRI LANKA

Tuesday, April 20th, 2021

BY EDWARD THEOPHILUS Before start work in Colombo Port City, I published several articles explaining how it positively impacts the economy of Sri Lanka. The concept of port city development has been attracted in many countries and some are successful others are not successful as expected. Sri Lanka needs to invent new strategies for its […]

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DESPITE CULTURAL INTEGRATION COMPOSING SUB-CULTURES IN OVERSEAS BY SRI LANKAN MIGRANTS

Monday, April 5th, 2021

BY EDWARD THEOPHILUS Culture is defined by many focusing on the past civilization; however, the culture cannot strictly define its real complexity limiting to past matters, which were broader and connected to social, economic, political, religious, races, and many others, the evolution of civilization added many features to the culture and historical information provides that […]

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THE EPIDEMIC OF CURRENCY DEPRECIATION: CAN ASIAN REGION CONTROL THE EPIDEMIC BY UNITED ACCOMPLISHMENT? PART 1

Monday, March 22nd, 2021

BY EDWARD THEOPHILUS The currency devaluation by developed countries (Especially France) had been an epidemic since the early 1900s until the establishment of the International Monetary Fund, and many western economies looked at this issue with a bias toward hard currencies of America and European counterparts. Fifty Economics classics edited by Tom Butler-Bowdon (2017) has […]

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THE EPIDEMIC OF CURRENCY DEPRECIATION: CAN ASIAN REGION CONTROL THE EPIDEMIC BY UNITED ACCOMPLISHMENT? PART 2

Monday, March 22nd, 2021

BY EDWARD THEOPHILUS The regime change in international financial management cannot be done overnight by South and Southeast Asia, the attitudes of people in the region are rigid and overnight changes impossible, it needs a broader discussion and debate among countries, and the political leadership of China and India must be agreed to a plan […]

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CAN SRI LANKA BECOME COMPETITIVE AND PRODUCTIVE ECONOMY IN ASIA WITH VALUE ENGINEERING IN PUBLIC ENTERPRISES

Monday, March 8th, 2021

BY EDWARD THEOPHILUS The economic conference held in Colombo several years ago especially focused on economic issues such as foreign debt, regulation, and export performance. They were quite significant issues not only in Sri Lanka alone but also in many third-world countries.  The major macroeconomic attention of the conference was based on three vital aspects, […]

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TAMIL ASPIRATIONS OF SRI LANKA ARE LIKE CRYING OF KIDS TO BRING MOON PART 1

Wednesday, March 3rd, 2021

BY EDWARD THEOPHILUS Aspirations might be used to describing the ambitions which are too broader and at present, they may look limiting wishes, latter, they would go like crying of kids to bring the moon. Aspirations of any nation will go to a broader area, from the point of view of Tamils of Sri Lanka […]

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TAMIL ASPIRATIONS OF SRI LANKA ARE LIKE CRYING OF KIDS TO BRING MOON PART 2

Wednesday, March 3rd, 2021

BY EDWARD THEOPHILUS The LTTE, Prabhakaran, and colleagues worked against Sri Lanka’s unity and territorial integrity as he needed to establish a separate Tamil state with armed forces and struggle. His behavior appeared he wanted to re-establish the Vijaya Nagar empire that will create severe risk India creating new Issues. The intention of the LTTE […]

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DOES SRI LANKA NEED AN OPPOSITION IN THE PARLIAMENT?

Wednesday, February 24th, 2021

BY EDWARD THEOPHILUS Does Sri Lanka need an opposition in the parliament when the affairs of the state are activated and discharged? It may be a critical question because when evaluating the role was played and is played by the opposition, the general impression of people seems that the government, as well as the opposition, […]

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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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