Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Today at 12:11 pm

» Sri Lanka Equity Market Place
by Miss-Sangeetha Today at 11:02 am

» LOFC IN FOR A BIG RUN
by mahasona2 Yesterday at 4:13 pm

» 6 % of EPF funds in stock market
by hammurabi Yesterday at 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Yesterday at 12:54 pm

» EPF Enter Stock Market
by visvajith Yesterday at 12:20 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Soilconomy Yesterday at 8:54 am

» SEC yet to publish its 2017 Annual Report
by ChooBoy Yesterday at 6:01 am

» EAST Steady at 18
by Chanaka303 Fri May 17, 2019 10:20 pm

» Daily Stock Market Update
by Insights Equity Fri May 17, 2019 6:42 pm

» Look PAP Amazing company
by Miss-Sangeetha Fri May 17, 2019 2:35 pm

» 20th MAY IS IT A HOLIDAY FOR CSE?
by Winner123 Fri May 17, 2019 1:33 pm

» Hight Profile Selling at EAST
by Miss-Sangeetha Fri May 17, 2019 12:12 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Fri May 17, 2019 11:13 am

» East total Hotel deal value US $ 58 Mn there will be another Dividend, Nahil's family is smart
by karuna2 Fri May 17, 2019 6:48 am

» What is going on with TFC.N0000
by Gihan04 Thu May 16, 2019 11:58 pm

» emer???????????????????????
by roky@ Thu May 16, 2019 9:58 pm

» Sri Lanka's Commercial Bank's deposits surpass landmark Rs 1 Trillion in Q1 2019
by hammurabi Thu May 16, 2019 8:05 pm

» LIOC upward curve
by hammurabi Thu May 16, 2019 7:42 pm

» Maithree pala siresenas next winning chance
by Uaecoindubai Thu May 16, 2019 5:10 pm

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by Uaecoindubai Thu May 16, 2019 5:05 pm

» Mahaweli coconut will be listed soon
by Uaecoindubai Thu May 16, 2019 4:57 pm

» BALA can come down to 9/-
by Uaecoindubai Thu May 16, 2019 1:08 pm

» Sri Lanka's tourist industry has debt and tax relief of up to two years????
by Uaecoindubai Thu May 16, 2019 1:08 pm

» BFN slowly slowly unloading
by Uaecoindubai Thu May 16, 2019 1:04 pm

» Dark times - Sampath Bank
by Uaecoindubai Thu May 16, 2019 12:55 pm

» Sampath Bank PLC Rights Issue of Shares @ Rs.136/- p.s
by Uaecoindubai Thu May 16, 2019 10:09 am

» Please DON'T SELL IN PANIC, BUY, ONLY A SMALL INCIDENT, IT'S COMPLETELY OVER!!!!!
by mark Wed May 15, 2019 11:39 pm

» ආස නැද්ද ඔබ?
by reyaz Wed May 15, 2019 3:59 pm

» Reasons for market to crash
by Maharaja Wed May 15, 2019 12:54 pm

» AIA INSURANCE DE-LISTING (CTCE)
by mark Wed May 15, 2019 12:45 pm

» Bitcoin reached 8K while ..
by Uaecoindubai Wed May 15, 2019 11:45 am

» HOW ABOUT MASK
by Namal Wed May 15, 2019 5:52 am

» Market will test 4700
by karuna2 Tue May 14, 2019 12:16 pm

» Garment Shares are the most demanding at this situation : No hotels / No poultry
by Trader321 Mon May 13, 2019 10:11 am

» Is Nimal Perera trying to push down East shares using Twitter to buy More at lower price to collect dividend?
by dmtmadusanka Sat May 11, 2019 10:05 pm

» remove the white flag as a forum picture
by samaritan Sat May 11, 2019 12:24 pm

» Buy GHLL.N0000 Galadhari Hotels
by Uaecoindubai Thu May 09, 2019 2:05 pm

» Losses Double..
by Uaecoindubai Thu May 09, 2019 12:55 pm

» Understanding Technical Analysis
by Miss-Sangeetha Thu May 09, 2019 7:15 am

» Best picks for May
by Bdcdman Wed May 08, 2019 3:03 pm

» TERRORIST ATTACK : FROM A SOULLESS NATION TO NATION OF OWNERSHIP
by ranferdi Wed May 08, 2019 1:45 pm

» HEXP 2ND DIVIDEND
by Uaecoindubai Tue May 07, 2019 5:29 pm

» Significant demand for Ceylon Tea from global South
by Namal Tue May 07, 2019 7:35 am

Sri Lanka Equity Business Classiifieds
Submit Post

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Dhammika shows way out of middle income trap

Dhammika shows way out of middle income trap

Go down  Message [Page 1 of 1]

1Dhammika shows way out of middle income trap Empty Dhammika shows way out of middle income trap on Thu Oct 11, 2018 8:02 am

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Dhammika shows way out of middle income trap-11 October 2018 





Dhammika shows way out of middle income trap Image_9fc9292a9cDhammika shows way out of middle income trap WAAACH5BAEKAAAALAAAAAABAAEAAAICRAEAOw==

Vallibel Finance Chairman Dhammika Perera – Pic by Lasantha Kumara

 

  • Says education is key; calls for hike in Budget allocation for education
  • Suggests branches of popular national schools in suburbs may help tackle Colombo’s traffic congestion
  • Encourages CAs to take up challenges for better career growth
  • Next social project aimed at web-based mathematics teaching to 10,000 underprivileged O/L students 


By Charumini de Silva and Ruwandi Gamage

Business tycoon Vallibel One Plc Chairman Dhammika Perera yesterday said quality education to a wider audience was the only solution to escape the middle-income trap, a well-kept secret that many developed economies have practiced.

Sharing his visionary thoughts towards a sustainable economic development at the Technical sessions of the 39th National Conference of the Chartered Accountants themed ‘Hyperleap,’ Perera highlighted the need to increase the Budget allocation for the education sector, insisting that it would help build the lives of the socially and economically challenged communities in rural Sri Lanka.

“Quality education is a key cornerstone in developing our economy. Having an educated human capital is one of the main components that investors watch out for, apart from Doing Business Index ranking, a sound public transportation system and cheap energy,” he pointed out.

Noting that only 4% or 25,000 graduates were employable, he said that a system needed to be developed to absorb the remaining 96% in economic activities.

“I think we need to build a system where the Government can invest on their education, where the beneficiaries’ knowledge transpires into Gross Domestic Product (GDP),” he added.

With a total of 10,500 schools islandwide, Perera pointed out 2,900 schools lacked proper sanitary, water and electricity facilities. However, these are the schools that the majority of underprivileged children attend. “To build proper infrastructure in 1,000 schools, we can roughly estimate a cost of Rs. 300 billion, along with the inclusion of smart classes in schools that lack competent teachers,” he stressed.

He also emphasised on the need to open up branches of popular national schools in the suburbs, pointing out that it would help children who attend these schools as well as tackle traffic. “Instead of concentrating only within Colombo, I think it is important that these popular schools branch out to areas such as Maharagama, Homagama, Panadura, Moratuwa, Wattala and Ja-Ela to better accommodate students coming from these areas. It also can work as a solution to beat traffic within Colombo,” he added.

Considering the evolution of the education benchmark, Perera said a bachelor’s degree taught in English would be the key yardstick for future employment.

“Although leaders of developed countries and international funding agencies keep pointing out that Sri Lanka is in a middle income trap, no one is really saying that the solution to get rid of it is education. Lee Kuan Yew had written many books, but he never mentioned education because it is a practical solution that can be executed within three years if there is a proper system in place,” Perera stated.

In terms of availability of chartered accountants, he said that there was a lack of qualified chartered accountants applying themselves to positions apart from their safe zones, which hindered them from seeking their true potential.

“When the average number of students passing as Chartered Accountants is as low as 300 per annum, they will definitely have opportunities in the accounting field, hence they are reluctant to explore other sectors beyond their comfort zone. Right now, accountant professionals are caged into their fields, but if we can at least increase this number to 700 students per year, then they will at least look for opportunities in other sectors,” he said.

Reiterating that there was no point in criticising the Government, he said that as a business community they should be able to provide solutions to the Government, adding that he had submitted several proposals similar to legal drafts that could be implemented.

Perera, who has built 1,000 fully-fledged pre-schools in the country in his personal capacity as a businessman over the past two years, said his next social project was aimed at teaching mathematics to 10,000 underprivileged Ordinary Level (O/L) students via web-based classes.

http://www.ft.lk/top-story/Dhammika-shows-way-out-of%C2%A0middle-income-trap/26-664471

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum