The Embassy of the People's Republic of China in Sri Lanka recognized the Pathfinder Foundation as one of its top 10 partners at a ceremony to mark Chinese New Year and Sri Lanka's National Day held at the BMICH on Friday 17th January. President Mahinda Rajapaksa, Prime Minister D.M Jayaratne, Minister of Health Maithreepala Sirisena, Minister of External Affairs G.L Peiris and Secretary to the President Lalith Weeratunga were among those present at this ceremony. Here Chinese Ambassador Wu Jianghao presents the top 10 partners award to Mr. Milinda Moragoda, Founder of the Pathfinder Foundation.
Category: Economic Flash Published on Thursday, 15 October 2015 10:42
The history of State-Owned-Enterprises (SOEs) goes back to British colonial rule. Even after the Independence, ownership and management of commercial enterprises by the state were, justified by the parties identified with socialist ideology. State involvement in businesses increased due to regimes which gained power on a populist agenda. This trend was reinforced by a wave of thinking which advocated insulating developing countries from the vagaries of an international economic system which was dominated by advanced countries and their MNCs. These statist economic policies steadily grew and gathered further momentum in the 1970s when government policy, in the name of socialist or progressive reforms, sought to gain control of the “commanding heights of the economy”. However, Sri Lanka’s production /distribution of goods and provision of certain services, including mass transportation, was rolled back after the election of the J R Jayawardena government in 1977. Successive governments, up until 2005, privatised a considerable number of SOEs. Since then, however, the process has come to a halt. As a result, SOEs still account for a significant share of the economy and their losses and inefficiencies substantially contribute to the retardation of growth and development of the country.
Last Updated on Thursday, 15 October 2015 10:42
Category: View Point Published on Tuesday, 29 September 2015 09:42
By Sarah Hettiaratchi, Project Executive - Pathfinder Foundation
The new government, elected to govern the country for the next five years, has vowed to implement its flagship Megapolis project which was included in its election manifesto. It was reported that the conceptual plan was initially mooted in 1991 by the then young Sri Lankan Minister of Industries, Science and Technology, Ranil Wickremesinghe, when he made a presentation in the presence of the visiting Japanese Prime Minister, Hon. Toshiki Kaifu. The objective of the presentation was to seek Japanese government assistance to implement this mega project. In spite of this initiative, further development of the concept came to a halt with the change of the government in 1994. Once again, during the 2001-2002 period the same urban development concept was considered for implementation, at least on a phased basis, giving priority to reclamation of the sea near Galle Face and areas adjacent to Colombo 03 to develop an extended city within Colombo. The new government is now ready to embark upon its flagship project as the Western Region Megapolis Project (WRMP) which will help transform the entire Western Province, enveloping the Colombo, Gampaha, and Kalutara districts and positioning Colombo as the best city in the South Asian region.
Last Updated on Tuesday, 29 September 2015 09:42
Category: View Point Published on Monday, 14 September 2015 15:41
A series of high level visits during the course of this year have formed the basis of attempts to re-set Indo-Lanka bilateral relations. There has been an exchange of visits involving President Sirisena, Prime Minister Modi and Foreign Ministers Samaraweera and Swaraj. Prime Minister Wickremesinghe’s forthcoming visit will be the first after the Parliamentary Elections, which have completed the transition to a new political dispensation. This visit offers the opportunity to seek concrete outcomes, which promote the declared goal of a bilateral relationship of ‘irreversible excellence’. This would entail addressing sources of continuing friction between the two countries as well as strengthening economic and cultural links.
Last Updated on Tuesday, 29 September 2015 09:46