Category Archives: economic processes

Darshanie Ratnawalli, in Daily Mirror, 11 January 2017 the title runs  “The poor little handicrafts of Laksala”

Alias, an Assistant Merchandising Director, tells me that Laksala is changing. Not for the better. If we are to talk in analogies for the benefit of tourists, he is claiming a slide down the scale from a Tiffany’s to a K-Mart. “I went to the Thummulla outlet today. They are going to shift the exclusive Batik collection to a less prominent place and put some t-shirts in the vacant place,” Alias told me in November.

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January 14, 2018 · 5:40 pm

Rising! Rising! In Sydney. Vertical Families

Colin Lee, in The Indian Sun, 11 January 2018, with the title “The rise of the vertical families

A report by demography company McCrindle predicts that detached dwellings will be in the minority by 2024, citing trends over the past 25 years that show the share of detached homes in the major cities having fallen from 68% to 55%. Sydney’s once traditional standalone homes with a backyard will be outnumbered by apartments, townhouses and terrace houses within seven years—terrace /townhouses at 17%; detached houses at 34%, and apartments at 49%.

 Data shows that Sydney has a bigger proportion of apartments, terrace houses and townhouses than any other Australian state capital

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Filed under architects & architecture, Australian culture, australian media, economic processes, modernity & modernization, self-reflexivity, world events & processes

Roundtable Investment Forum with Sovereign Wealth Funds in Colombo

Island Report, 11 January 2018

Malik Samarawickrama, Minister of Development Strategies and International Trade opened a two day Roundtable Investment Forum with Sovereign Wealth Funds (SWFs) in Colombo yesterday under the patronage of the Prime Minister.

The Roundtable was an initiative by the minister following his visit to the Global Investment Forum in Dubai during November 2017 and is jointly hosted by the Central Bank of Sri Lanka and the Board of Investment. He met several of these Funds in Dubai and they were enthused by the potential of Sri Lanka as an investment destination. The fact that so many SWFs accepted the invitation to participate in the Roundtable at short notice was a validation of our nation’s value proposition and its increasing attractiveness due to the current economic policies under adoption, a press release said. Continue reading

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Filed under accountability, China and Chinese influences, commoditification, economic processes, foreign policy, governance, Indian Ocean politics, island economy, landscape wondrous, modernity & modernization, performance, sri lankan society, world events & processes

LTTE Financiers under Legal Gun in Switzerland … At Last!

News Item Times Online, 5 January 2018

Thirteen financiers accused of funnelling more than $15.3 million to the separatist group the Liberation Tigers of Tamil Elam (LTTE) will stand trial before a Swiss Federal Criminal Court on Monday, foreign media reported.  According to a report in Swissinfo the accused are from Switzerland, Germany and Sri Lanka. Some are former members of the World Tamil Coordinating Committee (WTCC), which represented the LTTE in Switzerland until 2009, and include its founder, his deputy and the person in charge of finances. 

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Indian Aid is without Strings says Ambassador Sandhu

Editor, NewsInAsia, 4 January 2018, where the title runs  India’s only aim in Lanka is to cooperate and collaborate with it, says envoy Taranjit Singh Sandhu””

The Indian High Commissioner in Sri Lanka, Taranjit Singh Sandhu, has said that India’s only agenda in Sri Lanka is to “cooperate and collaborate” with it, and that Indo-Lankan bilateral cooperation is all about “sharing and caring” and devoid of “caveats and riders”. Speaking here on Wednesday following the signing of an agreement by which Sri Lanka will purchase 209 state of the art ambulances with an Indian grant of US$ 15.02 million, the Indian envoy quoted Indian Prime Minister Narendra Modi  who said in July 2016 that India joins hands with its dear and near partner, Sri Lanka, to cooperate on projects, “based on Sri Lanka’s own choices and priorities for development.”

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The Colombo Port City: Basic Details

Editor, News-in-Asia, 2 January 2018, where the title is  Sri Lankan PM undertakes inspection tour of China funded Port City project””

Sri Lankan Prime Minister, Ranil Wickremesinghe, on Tuesday made an inspection tour of a 1.4 billion dollar mega port city which is being constructed close to the Colombo Harbour in the island’s capital.

The Colombo Port City, which will be the first of its kind in South Asia, is being constructed by China Harbour Engineering Company (CHEC). Wickremesinghe, who was accompanied by several ministers, was briefed by the Port City management on the overall project and the present stage of construction. “This project which will also be a financial center will convert Sri Lanka into a global hub in the Indian Ocean region,” Wickremesinghe told reporters at the site of construction.

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Filed under accountability, commoditification, economic processes, foreign policy, governance, growth pole, Indian Ocean politics, island economy, landscape wondrous, life stories, politIcal discourse, power politics, sri lankan society, world events & processes

Balancing Human Rights with Poverty Alleviation

Sanja De Silva Jayatilleka, in The Island, 29 December 2017

Professor Richard Falk’s inspiring and reflective article on Human Rights, Democracy and International Liberalism in ‘The Island’ of Dec 28th (originally titled ‘Democracy, Development, and Reputation: Vietnam, Turkey, and International Liberalism’) re-thinks human rights in a way that potentially introduces a whole new paradigm which  will resonate with many developing countries including Sri Lanka. That it was written by an internationally eminent Professor of Law who has been involved with issues of Human Rights for decades including as Special Rapporteur of the UN Human Rights Council, makes it all the more important.

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