Category: Special Reports

Apr 10, 2010 (LBO) – What makes a nation a nation is above all the justice that prevails within that nation. It is justice that creates the bond between the people. Justice connects one with the other. Justice among the people is the one thing that is common to all in a nation if it […]

Mar 13, 2010 (LBO) – Banking is one sector which undergoes rapid change and transformation. Hence, what we have today as banks is completely different from what we had as banks yesterday. Similarly, banks tomorrow will be completely different from banks today. By incorporating ICT in their production models, banks have been able to successfully […]

Mar 05, 2010 (LBO) – Accounting principals have been the same for almost 500 years, but the role of the accountant has evolved from a book keeper and today’s finance managers should play a more active role in steering the business, a senior accounting professional said. “Ever since Italian monk Pacioli came up with double […]

Jan 10, 2010 (LBO) – Sri Lankan university education despite being available only to the brightest students ranks well below its peers in Asia although academics vow to improve syllabi and facilities to climb the rankings. Academics said the universities have to pay to get the rankings done by various independent organizations. The best known […]

Jan 09, 2010 (LBO) – Sri Lanka’s former chief justice Sarath Silva, a controversial figure who locked horns with the executive in the last stages of his term says the island’s constitution has been hit by a “litany of violations.” In an interview with Namini Wijedasa of Labmimanews newspaper he speaks on the 17th amendment […]

Dec 05, 2009 (LBO) – A good policy should carry with it six qualifications. The policy should be simple, consistent, efficient, cost-effective, free from unintended consequences and sustainable.Hence, any policy thrust that is to be pursued should satisfy these qualifications. This applies to the policy on microfinance as well. Policies are implemented by numerous branches […]

Dec 01, 2009 (LBO) – First, we need to understand that debt markets broadly require three enabling factors, the need (or demand) for debt capital, a source (or supply) of debt capital, and the accompanying intermediary infrastructure that is required to put the two together. As far as the private sector corporate debt market is […]

Oct 03, 2009 (LBO) – First of all it’s necessary to say, that there can be several definitions of budget deficits such as the structural budget deficit, the inflation adjusted budget deficit, the nominal budget deficit, the primary budget deficit, the budget deficit on current account and the over-all budget deficit. Each definition has its […]

Sep 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Had the Business Chambers followed the above strategy, which in fact was suggested to them, they and their members could have minimized the […]

June 30, 2009 (LBO) – A new word that has been added to Sri Lanka’s vernacular usage recently has been ‘sakvithi’. This word has so far not got into lexicographers’ lexicon in its new sense. Literarily, it means the ‘Chief God of Heavens’. But, the contemporary media have used it in a different sense, drawing […]

May 23, 2009 (LBO) – The primary objective of a central bank is to stabilise the value of its currency and continue to maintain that stability to facilitate long term economic growth. There could be other ancillary objectives assigned to a central bank, such as providing liquidity to the government to bridge its revenue and […]

May 10, 2009 (LBO) – India is one of the world’s most dynamic economies and attractive markets with which Sri Lanka continues to have strong relations by reason of proximity and history. India’s relations with Sri Lanka have, for the most part, been friendly and are probably the best that it enjoys with its non-micro-state […]