The Winning Mindset for Leadership Making Effective Policy and Strategic Decisions Source:dailynews.lk While appreciating all the good work done by all the governments so far, Sri Lanka’s current problem can reasonably be concluded as a decision-making failure both at the policy level and strategic level during the recent past as well as after Independence. Even during this crisis, it is good to note that at least some decisions are taken correctly, but there are doubts about whether some decisions are taken correctly at the policy-making and strategic level of the country. This must have occurred at all levels of policy and strategic decision-making for at least the last three to four decades. If the right policy level and strategic level decisions are not made, the country may suffer more. It is encouraging to see that good work is progressing towards the short-term dollar issue, but it is hard to notice ...

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CAN RANIL PULL THROUGH THE PRESENT PANDEMONIUM? – By Dr. Tilak S. Fernando Photo Source:bbc.com    Everyone doesn’t Ranil Wickremasinghe’s appointment as Prime Minister. He was the only member of Parliament ( from the national list) when the whole group of UNP candidates lost their parliamentary seats. It took nearly a year to fill the  UNP National list vacancy. In the end, the  UNP recommended Ranil Wickremasinghe’s name. Likewise, everyone blames the Opposition Leader for dilly-dallying the issue by presenting numerous excuses, such as ” the President should leave.”  By the time he agreed to accept the Prime Minister’s position (still under several clauses), the stable was closed and the horse had bolted. Usually, an opposition leader understands the Constitution of a country. For example, there is a shadow cabinet in England, and the opposition leader takes immense responsibility for national issues. He may disagree in Parliament over political issues ...

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Kaleidoscope with Savithri Rodrigo 105 13 05 2022 While the country is seeing change, there are still many questions to be answered.  Watch us today – as we celebrate Vesak with a plea for non-violence on Prime Group Kaleidoscope, discuss getting Sri Lanka out of a mess, what is needed to keep the economy’s wheels turning, find out some vignettes on the green taxonomy, tall great danes, laurels, other tidbits & announcing our speed reading winner. Enjoy, Have a super and safe weekend. ...

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The Begging Bowl Sri Lanka’s Dependency Syndrome By Rev. Fr. Leopold Ratnasekera OMI Source:dailymirror.lk The sheer dearth of dollars to pay off debts, buy oil and the poor performance in the export sector together with slackness in the traditional exports like tea, rubber and coconut are contributing to aggravate the economic crisis and monetary management As a country and a nation, we are becoming the scum of Asia, not its miracle as some bellowed from roof-tops and election platforms sometime back, as well as a country at loggerheads with itself with an array of problems and issues still at bay in need of effective solutions that are urgent. The debt-ridden wound has certainly festered through the decades of the post-independence Sri Lanka and appears to get worse as our foreign reserves dwindle, exports crumble, imports in high demand and national assets sacrificed to distant dreams, the success of which time ...

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Daunting task for government amid sliding economy  By Sunil Thenabadu The landslide resounding victory of the SLPP sweeping aside all opposing political parties in year 2020 like a “tsunami” would never have been even in the wildest dreams of any staunch supporter of the party. However the top-notch politicians prior to the postponed election knew well the pathetic situation our economy was in, was aware of a daunting task for any new government.  Although the victory at the polls was a cake walk, astounding music to the ‘SLPP”,  the new government which is burdened with an enormous intimidating state of affairs to place the system on track in the midst of a global recession and rising job losses. With negative growth predictions, no budget for the entire 2020, with negligible taxes figures with another hurdle is the climbing of tax issues in year 2021.  So far, figures indicate at least half a million workers – directly and indirectly – have lost their jobs largely in ...

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Lowering of interest rates of deposits only escalates bank profits – by Sunil Thenabadu in Brisbane The motive of the government decision to lower the interest rates of deposits was predominantly to engross the banks to lend at lower interest rates for entrepreneurs to boost the economy of the country which is in dire straits. However, would this proposal prove productive? Obviously not so practically or on paper.as at date if statistics are searched in relation to the benefit reaped by the entrepreneurs a much larger percentage of depositors have been deprived of receiving a sizeable interest component. The Fixed Deposit interest rates have been drastically reduced from around 11% per annum to alarmingly lower rate of just 4 % which  has caused a financial distress for the depositors most are retirees who had invested their life long savings and gratuity money at retirement. With the escalating cost of living, with the ...

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