Articles Posted February 2015

  • Echelon February 2015

    Sri Lanka’s tragedy: A century of decline

    Their crumbling edifices are a testament to the dreams of an occupier determined to build an empire on which the sun would never set. Building defiant, giant offices and trading businesses in an alien tropical place was testament to the scale of Britain’s ambition. The century…

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    Oil Search Stalls on the Road to Nowhere

          Sri Lanka’s petroleum exploration regulator and energy ministry have calculated the risk-based Mannar Basin potential to be 9 trillion cubic feet for gas and 5 billion barrels of oil. Their conservative estimate is that the gas…

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    The Private Paradise Of Brands Whisperer RANIL DE SILVA

    My dream was to wake up in the morning and hear the ocean,” explains Ranil de Silva of the premise around which he built his Channa Daswatte-designed house in Kosgoda named Saffron and Blue. “Saffron is for hot and…

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    Private Equity’s High Pedigree

    Conventional wisdom would have it that private equity (PE) investment opportunities should be plentiful in Sri Lanka. Private equity wasn’t available till a few months ago and small to medium sized firms, the main PE industry targets, have had limited other options…

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    Zen – Felicio Ferraz

    What one word would describe you? Passionate What are you most passionate about? My family What do you fear the most? Losing interest What do you dislike most about your appearance? My nose What do…

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    CHINESE by Chinese

    Chinese people are working in and visiting Sri Lanka more than ever and they’ve brought with them a new wave of truly authentic Chinese restaurants. The market has grown so much that we at YAMU are actually…

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    Corporate Conscience?

    Can a corporation have a compromised conscience? That question lurks in the background of Burwell v. Hobby Lobby Stores (Hobby Lobby), an intriguing case decided by the U.S. Supreme Court last summer. The U.S. Constitution’s First Amendment protects religious…

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    Sri Lanka needs currency reforms to boost real household incomes: Bellwether

    Harsha de Silva, the deputy minister of Policy Development and Economic Affairs in the Maithripala Sirisena administration, wants to boost household income, through a ‘social market economy’. The new administration came to power partly helped by the economic hardships imposed…

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    ‘People Power’ Beyond Elections

    An impressive 81.52% of registered voters turned up, and their majority choice changed the regime. A well-oiled system that has been holding elections since 1931 proved its efficacy again. And if its integrity came under threat, the formidable Commissioner of Elections stood…

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    Everybody Agrees: It’s Time for Stockbrokers to Up their Game

    Unethical practices and disregard for rules at the top percolate throughout. The mistrust of stockbrokers and the capital market today is more a leadership crisis than anything else Soon middle class Sri Lankan savers will be…