A License Raj

Sri Lankan Banking and Finance can be categorised as a license raj. This is not because institutions are regulated by the central bank but rather that the capacity to conduct business is contingent on one obtaining a license. For the NBFI sector, usually understood as the Finance companies, are heavily…

A Lack of a Right of reply to “Right of reply – Rotarian replies to Muttukumaru”

http://www.dailymirror.lk/149962/Right-of-reply-Rotarian-replies-to-Muttukumaru “Editor’s Note: This correspondence is now closed.” Amrit Muttukumaru, a self-defined public activist who makes it a point to stick it to those who are in power, is prominent within the local papers. He makes allegations. The allegation relevant to this piece of work is that against K.R. Ravindran.…

Banking in Sri Lanka

“A bank is a place that will lend you money if you can prove that you don’t need it.” – Bob Hope Banking in Sri Lanka is lending to a person only if it results in that person being worse off. I recently got rejected for a loan, for the…

Reply to misleading article published in Daily FT

This is a response I wrote to an article on the implications on the anti tobacco policies of the government. Subject: Implications of the proposed ban of the sale of loose cigarettes in Sri Lanka. From: [email protected] To: [email protected]; [email protected]; [email protected] Date: Tuesday, April 17, 2018, 2:09:25 PM GMT+5:30 Dear…