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A solution for loss-making SOEs? In the USA, a new corporate entity referred to as a Benefit Corporation (B-Corp) has been brought into being. The states of Maryland, New Jersey, Virginia, California and Vermont have legislation which permits companies to combine the profit motive with the purpose of making a positive impact on society and ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
n The Scholar who has refused to changeHumanistic approach Dr. Gunadasa Amarasekera, scholar, writer, poet, novelist, social activist and many more, in a special contribution to Professor Buddhadasa Hewavitharana Felicitation Volume Two released last month, has tried to analyse the most recent history of Sri Lanka in the context of the onset of the process ...
The solar energy development will not face any obstruction as it generates energy through sunlight. Being alternative energy source, it is sustainable as well as eco-friendly. An American political activist Ralph Nader writes- 'the use of solar energy has not opened up because the oil industry does not own the sun. 'Yes! if we use the costly diesel generators to tide over long load shedding...
The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
“Throughout the centuries there were men who took first steps, down new roads, armed with nothing but their own vision” – Ayn Rand, Russian-American Novelist Queueing for bread Forgotten are the days when people waited in line for two to three hours to buy a loaf of bread; forgotten are the days when rice was not available ...
Benito Mussolini, the fascist ruler of Italy, during World War II, said that his brand of fascism ‘should be more appropriately called Corporatism, because it is a merger of state and corporate power’. Compare this with the dictionary definition of capitalism: ‘A system in which a country’s business and industry are controlled and run for ...
Harsh rhetoric and emotional outbursts before the commencement of the19th Session of the United Nations Human Rights Council next week in Geneva have obfuscated the objectives of the resolution to be moved against Sri Lanka at the sessions. The issue on alleged war crimes committed by Sri Lankan servicemen has polarised into a debate of ...
“It is unlikely that in making his overstatement on development that the President was seeking to downplay the achievements of the past by his illustrious predecessors in the governance of the country. In the 1950s there was the Gal Oya development scheme that opened up the vast territories of thick jungle land in the east ...
By Victor Ivan This article is meant to analyse the inadequacy of traditional interpretations of the ethnic crisis and point out limitations inherent in them. It is not incorrect to treat this issue as an ethnic crisis. Yet, in my opinion, it is not correct to treat it only as a conflict based
After the recent Commonwealth Games in New Delhi, India, critics found three new words for the acronym ‘CWG’ – Corruption, Waste and lack of Governance. The Chairman of the Indian National Olympic Committee, who was Chairman of the Organising Committee, is presently in Tihar Jail, in Delhi with many of his acolytes, on charges regarding ...
A COLLEGE drop out and global genius is dead. Steve Jobs was a very private person, eccentric and brash. He was fired from the company he founded Apple and was brought back to resurrect it and make it one of the most valuable and admired companies on earth, its stock earlier this year the most ...
Sri Lanka in ancient times exported its elephants, peacocks, gems, spices and even monkeys (!) to the then known world. Old Europe, more precisely the writers of ancient Rome and Greece have made reference to such imports from Taprobane, the name referred to by them to Sri Lanka then. It was not only the Europe ...
Banks’ Profits Up 111% The banking industry achieved a considerably high level of profits in 2010. Profit after tax amounted to Rs. 57.5 billion last year, a 111% growth in comparison to a Rs. 27.2 billion profit in 2009. The significant growth in profitability was mainly attributed to a higher increase in fee-based income, a ...
By Malathi De Alwis On 18 May 2009, Sri Lanka officially declared the end of a 30-year civil war fought between. Sri Lankan government forces (GoSL) and Tamil militants, namely the Liberation Tigers of Tamil Elam (LTTE). Such a sea...
by Dr.Dayan Jayatilleka “The contest is never over, the field never quite ours.”- Dave Robicheaux in James Lee Burke, ‘The Tin Roof Blowdown’ (2007) Is it only me, or is not sad that there is no review in the Sri Lankan public space, of the first decade of the 21st century and the new millennium? Should we not be looking back at the road that has been travelled by the world, by our co...
By Dr.Harsha de Silva Mr. Speaker, I am glad that important Ministers and Members from the Government side have come to listen to this speech. I must first state that I am happy to have been able to join the...
Dr. Muttukrishna Sarvanathan is the principal researcher at the Point Pedro Institute, which is a non-for-profit think tank that provides analysis and advocacy on political and economic issues afflicting the Sri Lankan Tamil population in the north. In an exclusive...
A newspaper reported on its first page, Monday, October 25, that Defence Secretary Gotabaya Rajapaksa says the on-going crisis at universities is an international conspiracy. And we need to believe him since he knows what he is talking about and further, he is the third, fourth, or fifth
by Eran Wickramaratne Parliamentary oversight on Finance Article 148 of the Constitution gives Parliament full control over public finance. Since President Wijetunga retained the finance portfolio the authority of the Parliament over finance has been usurped, and created a conflict between the powers of the legislature and the Executive. Even though Article 44(2) of the Cons...
by Dr. Dayan Jayatilleka Sri Lanka is a sovereign state which belongs to the international system. It must safeguard its sovereignty as well as its membership of that system. Sri Lanka’s enemies have a main objective – a separate state...
Dr. Dayan Jayatilleka Sri Lanka is a sovereign state which belongs to the international system. It must safeguard its sovereignty as well as its membership of that system. Sri Lanka’s enemies have a main objective – a separate state – and two subsidiary objectives which are a prelude to the main objective. Those subsidiary objectives ...
By Mangala Samaraweera Mr. Speaker, The Rajapakse administration has shown an uncanny ability to create world records in the last few years; prior to the General Election, Sri Lanka had the dubious honour of having the world’s largest number of...