Author Archive for EDWARD THEOPHILUS

THE TASK OF THE ELIMINATING BUDGET DEFICIT

Monday, October 18th, 2021

BY EDWARD THEOPHILUS Mr. Basil Rajapksha, the Minister of Finance, stated that his intention is to eliminate the budget gap or deficit in Sri Lanka. It is a good fiscal motivation, and the task is difficult to achieve and it may be an art of discourse because the budget deficit of Sri Lanka cannot be […]

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WHAT ARE THE REASONS FOR A HIGH-RISK BANKING MARKET IN SRI LANKA?

Sunday, October 17th, 2021

BY EDWARD THEOPHILUS I read an interview had with Mr. Lakshman Silva, the chairperson of Bankers Institute, wherein he described the banking system in the country as in a high-risk situation. What factors have been contributed to the high risk not described, but two points mentioned were the low economic performance of the country and […]

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SRI LANKA NEED ECONOMIC DISCIPLINES

Thursday, October 7th, 2021

BY EDWARD THEOPHILUS Many Sri Lankans have misunderstood the meaning of economic disciplines and they also misapprehend economic disciplines in broader terms. When introduced market economic strategy in 1978, the attention of policymakers was broadening trade policies relating to imports and other aspects of trading, including investments. The simple purpose of economic liberalization in connection […]

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LIMITING PARLIAMENT REPRESENTATIVES TO 100 BY NEW CONSTITUTION

Friday, September 24th, 2021

BY EDWARD THEOPHILUS Sri Lanka has a critical debate about the number of representatives that should be in the parliament and the debate has focused on various matters concerning many matters of representatives such as minimum education qualifications, the limits of functional authority. The public has disappointed the value of services and the productivity generated […]

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CHANGING THE OPERATION POLICY OF THE IMF MAY NEED TO CONSIDER

Monday, September 20th, 2021

BY EDWARD THEOPHILUS The purpose of establishing the International Monetary Fund was a good policy design because there had been conflicts in the international financial management relating to exchange rate determination and gaining trade advantages.  Economically, powerful countries attempted to take power by determining the exchange rate for their currency units. This situation was encountered […]

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COULD POVERTY BE ELIMINATED?

Saturday, September 11th, 2021

BY EDWARD THEOPHILUS After reporting Mr. Susil Siriwardane passed away, the debate on the elimination of poverty re-emerged and it might be for a short period because the condition of poverty in the country has not been eliminated so far. Mr. Susil Siriwardane attempted to reduce poverty through his project JANASAVIYA and Mr.R. Premadasa assisted […]

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BUILDING A DIGITAL ECONOMY IN SRI LANKA

Friday, September 3rd, 2021

BY EDWARD THEOPHILUS Mr. Namal Rajapaksa recently expressed that he intends to build a digital economy in Sri Lanka. It is an astonishing challenge and the task will attract enormous resources and time. It is not a simple task in the way the Minister assumes because Sri Lanka has no resources to build a digital […]

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POLICY EMINENCE OF MR. GOTABAYA RAJAPAKSA

Thursday, August 26th, 2021

BY EDWARD THEOPHILUS Since the election of Mr.Gotabhaya Rajapaksa as the president of Sri Lanka at the end of 2019, people expected from him he will launch Sri Lanka in an era of new policy implementation. People expected the eminence of the political administration compared to previous presidents. The excellent feature of his administration is […]

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REGULATING MICROFINANCE (CREDITS) AND ENHANCEMENT OF PRODUCTIVITY OF MICRO BUSINESS PART 1

Wednesday, August 11th, 2021

BY EDWARD THEOPHILUS Microfinance for various small businesses (including agriculture) has been a vital support for the economic development and the growth of Sri Lanka since the beginning of the economic activities of the country. Microfinance helped non-economic purposes such as giving dowry, spending for weddings, funerals, and many other purposes helped in the management […]

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REGULATING MICROFINANCE (CREDITS) AND ENHANCEMENT OF PRODUCTIVITY PART 2

Wednesday, August 11th, 2021

BY EDWARD THEOPHILUS The major areas of regulating microfinance should be included. Before regulating the operation process of microfinance, it requires identifying the lender and the business format of lenders that may be a sole proprietorship, partnership or a private company, or public company. Many micro-financing businesses are not identified as business owners due to […]

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ABUSE OF SOCIAL MEDIA AND DEVELOPING COMMON CONTROLS

Monday, August 2nd, 2021

BY EDWARD THEOPHILUS Social media, which has been originated in the last quarter of the 20th century, started giving justice to ordinary people who were restrained to express his /her views in major media (Print, Radio, and Television). The major media represented owners’ views and sometimes advertisers’ points of view regarding products and services and […]

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CHALLENGES OF ELECTRONIC DELIVERY OF EDUCATION IN SRI LANKA

Sunday, July 25th, 2021

BY EDWARD THEOPHILUS The COVID-19 pandemic urged social distancing because experts on the epidemic believed that social integration through various methods will agent the spread of the virus, and it considers that the social distancing any method would be supported to control the virus. In addition, there are health and hygiene rules that are difficult […]

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WHAT IS THE TRUTH ABOUT THE MONEY PRINTING STORY IN SRI LANKA: IS IT THE ART OF DISCOURSE IN POLITICS?

Sunday, July 18th, 2021

BY EDWARD THEOPHILUS Money printing has become a folk story of opposition politicians in Sri Lanka where the story has been popular political rhetoric since the 1970s, and many people and news media in the country use this discourse without a clear understanding of the process of money printing. Is it a process like political […]

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RELIGIONS AND VIOLENCE -PART ONE

Saturday, July 3rd, 2021

BY EDWARD THEOPHILUS What’s the prime aim of a religion? This question requires careful consideration because of the emergence of increased religious-based violence around the world, where such violence has resulted in unmitigated human tragedy that no religion is supposed to promote; can a religion promote violence amongst its believers or against the believers of […]

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RELIGIONS AND VIOLENCE PART TWO

Saturday, July 3rd, 2021

BY EDWARD THEOPHILUS The current developments of the management of religions or the operation of corporate religions needed to be debated by all religions unless ordinary believers may attempt to rationally think that Karl Marx’s opinion on the religion was accurate that it was a substance like opium, which deviates human being from the right […]

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EPIDEMIC CONTROL AND SOCIAL DISTANCING

Saturday, June 26th, 2021

BY EDWARD THEOPHILUS Sri Lanka had been experienced the control of various human epidemics since its human history There are contrasting opinions on this matter.). All epidemics were in Sri Lanka had been controlled by the use of the most powerful technique, social distancing. The term has a different meaning in a practical situation and […]

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POLICY INNOVATION PROVIDING EDUCATION IN THREE LANGUAGES: WHY THE GOVERNMENT AND POLICYMAKERS RELUCTANT TO IMPLEMENT THE RIGHT POLICY?

Friday, June 11th, 2021

BY EDWARD THEOPHILUS Since the 1930s policy changes in education with a bull’s eye on a broader spectrum of policies that included expanding literacy skills of the population and ability to use a second language, besides mother tongue. The accomplishment of the policy was unsuccessful because of many reasons. Before the Donormore reforms, education provision […]

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WOULD COVID PANDEMIC CHANGE THE NEED OF CUT-THOUGHT COMPETITION AND ATTITUDES OF PEOPLE TOWARD SOCIO-ECONOMIC, POLITICAL ENVIRONMENT AND RELIGIONS?

Monday, June 7th, 2021

EDWARD THEOPHILUS Competition is a helpful disposition in the dynamic environment and might help for social and economic progress if it works well in society concerning the broader spectrum. The concept of competition entered politics as a feature of democracy, and many opinions that competition in politics would be harmful to society when competition animates, […]

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MR. GOTABAYA RAJAPAKSA IS SUCCESSFUL IN ECONOMIC MANAGEMENT

Monday, May 24th, 2021

BY EDWARD THEOPHILUS The nature of politics in Sri Lanka is giving heavyweight to criticise minor issues that aren’t significant and people observed that the opposition parties in the country have been using such minor issues to show that they are active in politics to attract the support of people. As the head of the […]

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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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