Economic Indicators: 2000 to 2015 Data presented without comment. You can click on chart for source interactive data. GDP Change (Billion USD)2000 16.3 2005 24.4 8.12014 74.9 50.5Change in GDP 2000-2005=49%Change in GDP 2005-2014=200%Note:Comparison of GDP per Capita for IndiaComparison of Debt to GDP for the US.The US GDP also includes intangibles such as films, music, iTunes to GDP, increasing GDP by 3%.Also see US ...

Audi, BMW And Daimler Looking To Acquire Nokia’s HERE Maps Platform With Microsoft supposedly dumping Nokia, a lot of Nokia’s tech is being acquired by other companies. For example, Nokia’s mapping division responsible for their “Here Maps” platform is on the verge of being acquired by non-other than German manufacturer Audi, BMW and Daimler for a whopping $2.7 billion. The acquisition is slated to be an outright one with the 3 ...

Huawei Proposes Building  A Better Connected Asia At Inaugural Asia Pacific Ultra-Broadband Summit Huawei is a leading global information and communications technology (ICT) solutions provider whose aim is to build a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Founded in 1987, Huawei is a private company fully owned by its employees. Driven by customer-centric innovation and open partnerships, ...

Microsoft Buys Adallom For $320 Million So Microsoft is on a buying spree again, they recently signed an agreement to pay $320 million (in cash mind you), for Adallom, a startup with software for monitoring the use of cloud-based services. Launched in 2012, the company has offices in Palo Alto, California, and Tel Aviv, Israel. As of April it had raised a total of $49.5 ...

The outcome document of the 3rd Financing for Development Summit was adopted on 16th July without intergovernmental tax body or new financial commitments. The developed countries rejected the proposals made at last hours of negotiations for the improvements to the UN tax committee, and a global tax body. Developing Country Proposals Rejected On Wednesday key improvements to the language ...

Huawei Releases Y3 and Y5 Smartphones Huawei has become one of the world’s fastest growing smartphones manufacturers. From sturdy build quality to innovative new features, the smartphone manufacturer manages to find the perfect balance between price and performance. They also announced the launch of two new smartphones this month in Sri Lanka. The Huawei Y3, priced at LKR 9,499 and the Huawei Y5, priced at LKR ...

Text of my column written for Echelon monthly business magazine, Sri Lanka, July 2015 issue Kidney Disease Needs ‘Heart and Mind’ solutions  By Nalaka Gunawardene If bans and prohibitions were a measure of good governance, Sri Lanka would probably score well in global rankings. Successive governments have shown a penchant for banning – usually without […]

Sri Lanka needs to follow good practice which is being pursued by an increasing number of countries around the world. All hand- outs, subsidies and other welfare measures included in the manifestos should be costed and specific measures should be identified for financing the incremental costs involved. This will enable the voters to assess the financial viability of the promises ...

Entrepreneurship is very much about ideas and efforts of individual (or a collective) of private actors, who start a business, hire employees, make profits, invest, expand, etc. – all through private initiative and risk-taking. So, to talk about a role for government in all this might seem unnecessary. At the same time, believing that there is no room for government ...

The recent controversy involving Maggi noodles in India is an eye opener for the entire region. The popular instant food, which has been sold for over three decades, was banned in early June by India’s food safety regulator after tests found excessive levels of lead. Some samples also found Monosodium Glutamate (MSG), a flavor enhancer. […]

The headline said that Bharti Airtel has now reached the exalted status of having the third largest number of mobile customers worldwide, after China Mobile and Vodafone Group. But as the writer concludes, the real challenge is going to be how new business models can be implemented to make Internet access as successful as voice access. As Reliance Jio gets ...

Uber, Microsoft And AOL: Map Wars And Advertsing Wars Uber is really making headlines. They have recently got their hands on a piece of technology that powers Bing Maps, along with a number of Microsoft employees. Think of it as part of the companies attempt to build up its own mapping tech. Image taken from http://www.theverge.com As part of the deal around 100 Microsoft employees will join Uber. The ...

Microsoft May Buy AMD Now here’s something to get those conspiracy juices flowing. Microsoft may acquire AMD (Advanced Micro Devices) in the not too distant future. Think of it as Microsoft’s attempt to bring around the company’s chip design operations. Image taken from http://www.vrworld.com Microsoft has been in the Game Console business for the last 10 years or so and even had their own ...

In the past 6 months Ravi Karunanayake and Harsha de Silva have managed to make sure that you and the whole country pays dearly. The mismanagement of the economy is evident in the recent foreign reserves data of $6.4 billion or 3.8 months of imports, rising external debt cost of 6.125%, domestic debt increase of $216 billion (in the first ...

The Hambantota port project was a long overdue long term investment. The investment in the southern port was done with the intention of providing employment and capturing of significant foreign exchange revenue from fuel bunkering and transhipment facilities. This was discussed and debated during the 2002 government of Chandrika and Ranil but it did not get the required leadership and ...

Colombo-Katunayake Expressway: Corruption at its finest In 1984, a feasibility study prepared by Japan International Cooperation Agency recommended the construction of an expressway to the east of the existing Colombo-Negombo road. The proposal was accepted for implementation by President Premadasa in 1989.Estimated cost: Rs. 5,544 million or $ 110 million in 1991. The route was finalised, designed, and ready to be commenced when President Premadasa’s demised ...

India’s seeing a lot of public involvement from the techscape these days. Microsoft, in a statement made on the 24th, stated that it’s looking at building three “hyper-scale” data centres in India. From these, they’re expecting to roll out services for sectors such as the government and finance industries. We’re not quite certain – the press releases carried by the Indian ...

  In Sri Lanka, there is an ancient folk tale call four laughs. One of those laughs is, how the land laugh at people who fight for the land. There's a short story call "How much land does a man require" by Leo Tolstoy. It beautifully elaborates about a man , in his lust for land, forfeits everything. Love for the ...

Tourism mega-development in Sri Lanka results in human rights violations Sri Lanka has an increasing number of tourist arrivals which could be very good for the development of the island. Therefore, of course, the local communities should benefit from the tourism above all. This does not seem to be always happening. The Society for Threatened People (STP) Switzerland, together with the National Fisheries Solidarity Movement (NAFSO), published a report ...

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