pub-2931617855115071

Friday, March 28, 2025

Cooling Rice: A Simple Trick for Improved Insulin Sensitivity

Cooling cooked rice after cooking increases its resistant starch content through a process called starch retrogradation, which can help mitigate blood sugar spikes.

Here's a breakdown of the evidence:

Mechanism of Resistant Starch Formation

Cooling cooked rice (especially refrigeration) causes starch molecules to reorganize into a crystalline structure that resists digestion in the small intestine. This retrograded starch acts as resistant starch (RS), which:

  • Slows carbohydrate absorption, reducing rapid blood glucose spikes.
  • Ferments in the colon, producing short-chain fatty acids (SCFAs) that improve insulin sensitivity and glucose metabolism.

Impact on Blood Sugar Control

  1. Clinical Studies:
    • In type 1 diabetes patients, cooled rice (refrigerated for 24 hours) caused lower postprandial glucose peaks (9.9 vs. 11 mmol/L) and shorter time to peak compared to fresh rice.
    • A similar effect was observed in healthy individuals, with cooled rice lowering glycemic response by ~18%.
    • Meta-analyses confirm RS reduces fasting glucose and insulin resistance (HOMA-IR) in both diabetic and non-diabetic populations.
  2. Key Factors:
    • Dosage: Effects are stronger with ≥28 g/day of RS.
    • Storage Duration: Longer cooling (e.g., 24 hours at 4°C) increases RS content more than shorter periods.
    • Reheating: While reheating may slightly reduce RS content, cooled rice still retains benefits compared to fresh rice.

Practical Considerations

  • Hypoglycemia Risk: Cooled rice may increase hypoglycemic episodes in insulin-dependent individuals due to slower glucose release.
  • Other RS Sources: RS type II (e.g., from potatoes, legumes) and type III (retrograded starch) are more effective than RS type I (found in whole grains).

Because cooling rice enhances resistant starch formation, which can help stabilize blood sugar by slowing carbohydrate absorption. 

While the evidence is strongest for type II and retrograded starch, refrigerated rice remains a practical dietary strategy for managing glycemic responses.

Friday, March 21, 2025

Harnessing the Power of Senior Voters: A Call for Unity and Action

As the world progresses, the voice of senior citizens has become increasingly pivotal, particularly in shaping the future of our communities and countries. An impressive 12% of a nation's population is composed of seniors—an influential demographic that, when mobilized, can wield significant power at the ballot box. Yet, the question remains: how can we effectively rally this crucial voter base?

The answer lies in recognizing the inherent value of our collective experience and wisdom. Seniors have a unique perspective shaped by years of struggle, resilience, and triumph. This depth of understanding can be a powerful tool in encouraging our children and even our grandchildren to engage in the electoral process. By sharing our stories and experiences, we can inspire the younger generation to recognize the importance of their vote, fostering a sense of responsibility that transcends political affiliations.

Furthermore, our efforts must be focused on unity. In a time when political divisions seem to grow wider, we must approach this initiative with a non-partisan spirit. The goal is not to advance a particular political agenda, but rather to emphasize the significance of participation in democracy itself. When we come together as seniors—regardless of our individual beliefs—we amplify our message: our voices matter, and they deserve to be heard.

This collective action can have profound implications. When senior voters stand together, our numbers become undeniable. Political leaders cannot afford to overlook a demographic that makes up such a significant portion of their constituency. By ensuring that our voices resonate through the halls of power, we can influence policies that not only benefit seniors but also create a better future for all generations.

To achieve this, we must invest time and effort into organizing initiatives that foster awareness and engagement within our community. Community gatherings, informational workshops, and intergenerational discussions can serve as vital platforms for sharing knowledge and encouraging political participation. Additionally, leveraging social media and local news outlets can help broaden our reach, allowing us to engage even those who may feel disenfranchised.

In conclusion, as seniors, we possess the ability to shape the future of our society. By mustering our collective strength and encouraging the younger generations to follow suit, we can make an indelible mark on the democratic process. Let us move forward with purpose—together, without political bias—and demonstrate the power of unity in action. When we unite our voices as a significant force, we ensure that no one can afford to ignore us. 



Our moment is now.


What id Double Heads & Shoulder Pattern ?


 

Thursday, March 20, 2025

What is a Closed - End Fund (CEF) ?

closed-end fund (CEF) is an investment company that raises capital through a single initial public offering (IPO) of a fixed number of shares, which are then traded on stock exchanges like ordinary stocks. 

Unlike open-end mutual funds or ETFs, CEFs do not issue new shares or redeem existing ones after the IPO.

Key Features

  1. Structure:

    • Fixed capital base: Shares are issued once during the IPO and traded in secondary markets.

    • No ongoing capital flow: Investors buy/sell shares from other investors, not directly from the fund.

  2. Pricing:

    • Shares trade at a premium or discount relative to their net asset value (NAV), influenced by market demand and supply.

  3. Investment Flexibility:

    • Leverage: CEFs often use borrowed money (e.g., preferred stock or debt) to amplify returns, increasing volatility.

    • Illiquid assets: Can invest in less liquid securities (e.g., small-cap stocks, municipal bonds) due to no redemption pressure.

  4. Management:

    • Active management: Portfolios are typically managed by professionals targeting specific sectors, regions, or strategies.

Comparison with Open-End Funds

FeatureClosed-End FundOpen-End Fund
Share IssuanceFixed number via IPO; no new shares issuedContinuously issues/redeems shares
TradingOn stock exchanges (market price)Directly with the fund (NAV price)
LiquidityDepends on market demandThe fund maintains liquidity reserves
Leverage UseCommon (e.g., debt, preferred shares)Rarely used

Types of Closed-End Funds

  • Equity funds: Focus on stocks (e.g., global equities).

  • Bond funds: Invest in corporate or municipal bonds.

Their structure allows for niche strategies but requires investors to monitor premiums/discounts and leverage risks.




Why Were They Stranded on the ISS for Nine Months ?


 

Wednesday, March 19, 2025

What is Double Heads & Shoulder Pattern ?

The term "double heads and shoulder pattern" does not exist in standard technical analysis literature. However, based on the context of chart patterns and the query, it likely refers to either multiple head and shoulder formations or a misinterpretation of established patterns.

Below is an explanation of the closest related concepts:

Head and Shoulders Pattern

This is a well-documented bearish reversal pattern that signals a potential shift from an uptrend to a downtrend. Key components include:
Left Shoulder: Initial peak followed by a pullback.
Head: Higher peak than the left shoulder.
Right Shoulder: Lower peak than the head, forming a "shoulder" similar to the left.
Neckline: A horizontal or sloping line connecting the troughs between the shoulders.

A confirmed breakdown below the neckline, often with rising volume, suggests a bearish reversal.

Double Top Pattern

A double top is a distinct bearish reversal pattern where two consecutive peaks reach similar highs, separated by a trough. It lacks the "shoulder" structure but shares similarities with head and shoulders in signalling trend exhaustion.

Inverse Head and Shoulders (Bullish Reversal)

This pattern mirrors the head and shoulders but forms in downtrends, signalling a potential bullish reversal. It features three troughs (two "shoulders" and a lower "head") with a neckline acting as resistance.

Key Implications

Bearish Head and Shoulders: Indicates weakening upward momentum, with a confirmed breakdown below the neckline suggesting a downtrend.
Inverse Head and Shoulders: Signals a potential uptrend reversal if the price breaks above the neckline.

Double Top: Suggests resistance at the peak level, often leading to a downtrend.

Why "Double Heads and Shoulders" May Be Confused

The term might confuse multiple head-and-shoulders formations (rare and not a standard pattern) or misinterpret the double top as part of a head-and-shoulders structure. Always verify patterns using established criteria, such as neckline alignment and volume confirmation.

For clarity, focus on head and shoulders, inverse head and shoulders, or double top patterns, which are widely recognized and validated in technical analysis.



Saturday, March 15, 2025

The Bystander Effect: A Reflection on Selfishness in Everyday Situations

This morning, my visit to a nearby supermarket known for its fresh produce became an unexpected commentary on human behaviour in our society. The store was packed with shoppers, all there for the same reason: to purchase high-quality vegetables. As I stood in line, it quickly became evident that we were all in for a long wait because only one weighing station was operational.

Despite the growing crowd and mounting frustration, the staff did not immediately take action to alleviate the situation. My hopeful gaze searched for someone in charge, and when I finally spotted the floor manager, I decided to take proactive measures. I approached her and expressed my concern about the need to open an additional weighing station.

To her credit, she immediately directed one of her staff members to open an unstaffed station. However, as soon as her instructions were given, an unexpected reaction occurred: a man who had been idly standing in line rushed to claim his place at the newly opened station, disregarding the common courtesy of allowing others to proceed first.

This incident encapsulates a troubling trend I have observed—not just in this supermarket, but in various facets of daily life in our country. The bystander mentality seems to prevail, where individuals choose to remain passive in the face of inefficiency or inconvenience. Rather than taking initiative or demonstrating consideration for those around them, many people appear to be focused solely on personal gain.

Such behaviour raises questions about our societal values and the sense of community we uphold. Instead of working together to improve situations for everyone, there is often a perception that it is every person for themselves. This lack of common courtesy and unwillingness to act positively contributes to the stagnation we see in our nation—a cycle of underdevelopment that seems hard to break.

Ultimately, our collective growth depends on each individual’s willingness to take responsibility, not only for their own needs but also for the well-being of others. While the instantaneous gratification of seizing an opportunity may provide short-term benefits, it undermines the long-term development of community spirit and collaboration, which are essential for any society to thrive.

As we navigate daily challenges, let us strive to cultivate an environment where we support one another, engage actively in problem-solving, and display the kind of courtesy that fosters growth and progress for all. Only then can we hope to overcome the barriers holding our country back and envision a brighter, more connected future.



Tuesday, March 11, 2025

Nation Trust X vs Nation Trust N Shares

Why are Nations Trust Bank of Sri Lanka's X shares (NTB.X0000) more expensive than its N shares (NTB.N0000), despite the general trend where X shares are typically cheaper than N shares?

Let’s break this down based on available knowledge and reasoning.

In the context of the Colombo Stock Exchange (CSE), where Nations Trust Bank PLC is listed, the designations "X" and "N" typically refer to different classes of shares. Specifically:

N shares (NTB.N0000) are ordinary voting shares, which grant shareholders voting rights at company meetings and are the standard equity class for most listed companies.
X shares (NTB.X0000) are typically non-voting shares, meaning they do not carry voting rights but still entitle holders to dividends and a share of the company’s profits.
Globally, non-voting shares (like X shares) are often priced lower than voting shares (like N shares) because voting rights add a premium—investors value the ability to influence company decisions. However, in the case of Nations Trust Bank, you’ve observed that the X shares are more expensive than the N shares, which is an anomaly worth exploring.

Possible Reasons for the Price Difference

Market Demand and Liquidity:

The price of shares is heavily influenced by supply and demand dynamics. If NTB.X0000 (non-voting shares) has lower liquidity—meaning fewer shares are available for trading or there’s higher demand from specific investors (e.g., institutional buyers or foreign investors)—their price could be driven up relative to NTB.N0000. Non-voting shares might appeal to investors focused solely on dividends rather than governance, potentially increasing demand in certain market conditions.
Conversely, if NTB.N0000 (voting shares) has higher supply or lower demand, their price could lag behind.

Dividend Policy Perception:

Both X and N shares typically entitle holders to the same dividends per share, as they represent equal economic ownership in the company (just differing in voting rights). However, if investors perceive that the non-voting X shares are a "safer" bet for dividend income—perhaps due to historical payout consistency or a belief that voting rights are less relevant for a stable bank like Nations Trust—the X shares could command a premium.

Ownership Structure and Control Premium:

Nations Trust Bank has significant institutional shareholders, such as John Keells Holdings and Central Finance Company PLC. Voting shares (N) are often concentrated in the hands of such major stakeholders who prioritize control. If these entities hold a large portion of NTB.N0000, the free float (shares available for public trading) might be smaller, but the demand for voting power might not be as high among retail investors. Meanwhile, X shares, being non-voting, might see higher trading interest from investors uninterested in control, pushing their prices up.

Market Sentiment or Speculation:

Specific market conditions or speculative trading could temporarily distort the usual pricing relationship. For instance, if there’s speculation about a potential buyback, merger, or dividend hike, investors might pile into X shares, expecting to benefit from capital gains or income without needing voting rights, thus inflating their price.

Historical Issuance and Pricing:

The initial issuance price or subsequent corporate actions (e.g., rights issues, bonus issues) could have affected the relative pricing of X and N shares. If X shares were issued at a higher base price historically or adjusted differently over time, this could contribute to the current pricing anomaly.

Regulatory or Structural Factors:

In Sri Lanka, the CSE allows companies to issue non-voting shares to raise capital without diluting voting control. If Nations Trust Bank issued X shares during a period of high market optimism or at a premium to attract specific investors (e.g., foreign funds restricted from holding voting shares), this could have set a precedent for their higher valuation.

Nations Trust Bank is a well-established commercial bank in Sri Lanka, known for its stability and consistent performance. Its third-quarter 2023 results, for example, showed significant year-over-year growth, with net income rising 46.48% despite a revenue drop, indicating strong profitability. This could bolster demand for both share classes, but the X shares might be particularly attractive to income-focused investors who don’t need voting rights, especially in a stable entity where governance changes are less of a concern.

The Ocean has No Memory 1


 

Saturday, March 08, 2025

The Legacy of the " Batalanda " Commission in Sri Lanka

In the complex landscape of Sri Lankan politics, the Batalanda detention centre remains a notorious symbol of human rights violations that occurred during the late 1980s. Allegations of torture and inhumane treatment have been widely discussed and investigated, particularly by the Batalanda Commission, established in 1994 under then-President Chandrika Kumaratunga. Despite its findings implicating several political figures, including Ranil Wickremesinghe, no formal charges have been filed, leading to a longstanding debate about accountability and political responsibility.

The Historical Context

The Batalanda detention centre became synonymous with allegations of severe human rights abuses during the period of the Janatha Vimukthi Peramuna (JVP) insurrection. The commission, officially known as the Commission of Inquiry into the Establishment and Maintenance of Places of Unlawful Detention and Torture Chambers at the Batalanda Housing Scheme, was tasked with uncovering the extent of these abuses. Chaired by Justice Dharmasiri Jayawickrema, with Justice Nimal Dissanayake as a member, the commission's objective was not only to investigate but also to recommend actions to ensure such violations would not be repeated.

On March 27, 1998, the commission handed its findings to President Kumaratunga, which notably called for accountability measures against key political players, including Wickremesinghe. However, this recommendation was met with political hesitation. The absence of subsequent legal actions has raised questions about the intersection of law and politics in Sri Lanka, highlighting the complexities of holding powerful individuals accountable.

The Role of Political Considerations

President Kumaratunga's inaction has often been interpreted through a political lens. Despite the commission's recommendations, her decision to forgo legal action against Wickremesinghe suggested a strategy aimed at preserving political stability. The reluctance to press charges against an opposition leader, particularly one with significant influence, points to the challenging dynamics of Sri Lankan politics where personal rivalries and political survival often supersede legal imperatives. The political fallout from potential prosecutions could have deepened divisions within a country still grappling with its turbulent past.

Legal Framework and Challenges

Despite the findings of the Batalanda Commission, pursuing legal accountability for former officials poses significant challenges. In Sri Lanka, presidential immunity shields former leaders from prosecution for actions taken while in office, complicating the pursuit of justice for human rights violations. Additionally, the statute of limitations on many criminal offences can prevent any meaningful legal response long after the events have transpired.

Further complicating the situation is the notion of criminal liability for omission. Determining whether a legal obligation existed and whether failure to act resulted in harm is fraught with legal intricacies, particularly concerning a past president's decisions.

While public interest litigation could provide a route for addressing grievances and calling for accountability, it often focuses more on the processes of governance rather than directly holding individuals accountable for historical injustices.

Moving Forward: Lessons and Solutions

Rather than exhausting resources on futile legal battles, there is an opportunity for contemporary Sri Lankan governance to focus on learning from the findings of the Batalanda Commission and similar reports. The emphasis must shift toward drafting effective policies that address the root causes of political misconduct and human rights violations.

Such an approach could help restore public confidence in the political system and enhance Sri Lanka's standing in the international community. By proactively working to prevent future abuses and ensuring transparency in governance, the government can foster a more just society.

The legacy of the Batalanda Commission serves as a reminder of the delicate balance between justice and political expediency in Sri Lanka. As the country reflects on its past, it faces a crucial decision: to perpetuate cycles of blame and inaction or to embrace a forward-thinking agenda that prioritizes accountability, rectifies historical wrongs, and advocates for the protection of human rights. This path not only honours the victims of past injustices but also empowers future generations to hold their leaders to account.



Remember that the phrase "no one is guilty until proven guilty" reflects the legal principle of presumption of innocence, which states that everyone is deemed innocent of a crime until proven guilty in court.

The onus is now on the parties stoking the flames to gain political mileage to either establish in a Sri Lankan court of law that the man dubbed the Batalanda Murderer is the one, or to stop pounding a dead horse.

Empowerment of Her Celebrate Women's Achievements

The Battle of the GOLD !


 

Friday, March 07, 2025

The Echo Chamber of Surveillance: Are We Being Listened To?

In today's digital age, the line between privacy and surveillance is increasingly blurred. Recent experiences have left me wondering: are our conversations being monitored, and if so, by whom and for what purpose? This phenomenon is not limited to mobile phones; it seems to permeate various aspects of our lives, including online interactions and even our cars. Let's delve into the world of surveillance and explore how it affects us, whether it's for security or commercial reasons, and how we can potentially turn this trend to our advantage.

The Surveillance Landscape

Mobile Phones and Surveillance

Mobile phones are a prime target for surveillance. Technologies like StingRay devices can mimic cell towers, intercepting data and communications from nearby phones without users' knowledge. Additionally, cellphone spying software can monitor conversations, texts, and even activate microphones remotely. However, these methods are typically used by law enforcement or require physical access to the device.

Online and App Surveillance

The experience of discussing something and then seeing related ads online is common. This is often attributed to algorithms tracking online behaviour rather than actual eavesdropping. Apps like Facebook and Instagram use data from your online activities to tailor ads, but they generally do not engage in active listening through your device's microphone unless explicitly permitted by the user.

The Toyota Aqua Incident

My recent experience with the Toyota Aqua engine tune-up video turning up after a conversation with my mechanic regarding the same issue a couple of minutes ago might seem like eavesdropping, but it's more likely a result of online algorithms and data collection. If you were discussing this topic near your phone or computer, it's possible that your device picked up on the conversation indirectly through ambient noise or nearby searches. However, this is not a direct form of eavesdropping but rather a sophisticated use of data to personalize content.

Landlines and Surveillance

Landlines are less susceptible to modern surveillance methods compared to mobile phones and online platforms. However, they can still be tapped with legal authorization, typically for security reasons. The likelihood of widespread, unauthorized surveillance of landline conversations is low due to legal restrictions and the complexity of such operations.

Security vs. Commercial Purposes

Surveillance for security reasons is generally understood and accepted as a necessary measure to ensure public safety. However, when surveillance is used for commercial gain, it raises ethical concerns. Companies use data to target ads, which can sometimes feel intrusive or like eavesdropping. Understanding how this data is collected and used can help consumers make informed decisions about their privacy settings.

Turning the Tables

If you're comfortable with the idea of being monitored for commercial purposes, you can leverage this trend to your advantage:

Personalized Content:

By allowing targeted ads, you might discover products or services that genuinely interest you, saving time and effort in finding relevant information.

Data Literacy:

Educate yourself on how data is collected and used. This knowledge can help you manage your privacy settings more effectively and make informed choices about which apps and services you use.

Privacy Settings:

Regularly review and adjust your privacy settings on devices and apps to control how much data you share.

Surveillance for Good: If surveillance is used for security purposes, it can contribute to a safer environment. Supporting transparent and regulated surveillance practices can ensure that these tools are used responsibly.

Though, while it might feel like we're being listened to, most instances are likely due to sophisticated data collection and algorithmic targeting rather than direct eavesdropping. By understanding how surveillance works and managing our digital footprint, we can navigate this complex landscape with greater awareness and control. Whether for security or commercial reasons, the key is transparency and responsible use of surveillance technologies.



Thursday, March 06, 2025

Prince of Wales College, Moratuwa: A Legacy of Dual Mottos

Prince of Wales College in Moratuwa, Sri Lanka, stands out as a unique educational institution with a rich history and a distinctive feature: it is the only school in the country with two mottos, "Ich Dien" and "Nihil per Saltum." These mottos not only reflect the school's values but also highlight its historical connections and linguistic heritage.

History of Prince of Wales College

Founded in 1876 by Sir Charles Henry de Soysa, a renowned philanthropist, Prince of Wales College was named in honour of Prince Albert, Prince of Wales, following the visit of the then Prince of Wales (Edward VII) to Colombo in 1875. The school has since become a prominent educational institution in Sri Lanka, known for its academic excellence and achievements in sports, particularly cricket and rowing.

The Mottos: "Ich Dien" and "Nihil per Saltum"

"Ich Dien" is of German origin, meaning "I serve." This motto is historically associated with the British Royal Family, specifically the Prince of Wales, as it was used by the Black Prince, Edward, Prince of Wales, in the 14th century. This German phrase reflects the historical connections between the British monarchy and German nobility, as many British monarchs have had German ancestry.

"Nihil per Saltum" is Latin, for"Not at a leap" or "Nothing by leaps." This motto emphasizes gradual progress and steady effort, reflecting the school's commitment to constant and consistent development. It was introduced by former principal Mr. Mendis.

The Principal Mendis who introduced the second motto, "Nihil per Saltum," to Prince of Wales College, Moratuwa, is J. G. C. Mendis. He served as the principal from 1896 to 1917.

Significance of the Dual Mottos

The dual mottos of Prince of Wales College highlight the school's commitment to service and gradual progress. They symbolize the institution's values of dedication, perseverance, and excellence. The use of both German and Latin phrases underscores the school's connection to historical and linguistic traditions that have shaped its identity.

Prince of Wales College in Moratuwa is not only a prestigious educational institution in Sri Lanka but also a symbol of cultural and historical richness. Its unique dual mottos, "Ich Dien" and "Nihil per Saltum," reflect the school's commitment to service, gradual progress, and excellence, while also highlighting its connections to both German and Latin linguistic heritages. This distinctive feature sets Prince of Wales College apart as a school with a deep understanding of its historical roots and a strong vision for the future.



Wednesday, March 05, 2025

The Challenges of Sri Lanka's Ageing Population: Economic, Health, and Social Struggles

Sri Lanka is facing a significant demographic shift as its population ages rapidly. Currently, about 12.3% to 12.4% of the population is over 60 years old, but this figure is projected to rise dramatically to 22% by 2037 and potentially reach 25% by 2041. This rapid ageing poses substantial economic, healthcare, and social challenges for senior citizens, exacerbated by the ongoing economic crisis.

Economic Vulnerability

Senior citizens in Sri Lanka face higher poverty rates compared to other age groups. Limited coverage of social protection programs and pension schemes, particularly for those in the informal sector, further exacerbates their economic vulnerability. The economic crisis has severely impacted their income security, with many struggling to afford basic necessities due to inflation and shortages. Those who worked in the private sector or informal sectors are particularly affected, as they often rely on dwindling savings to survive.

Healthcare Challenges

Access to healthcare is another significant challenge for older adults. Shortages of essential drugs and medical tools, compounded by the economic crisis, make it difficult for them to receive necessary care. Chronic illnesses are prevalent among seniors, but many cannot afford the travel costs required for healthcare, further complicating their situation.

Social Challenges

Changes in family structures and migration patterns have reduced support networks for older adults, leading to social isolation. There is also a potential for neglect and abuse, though precise data is lacking. The economic crisis has intensified these social challenges, as families struggle to support their elderly members financially.

Food Security

Food insecurity is a critical issue for seniors, as the economic crisis has led to severe shortages and inflation, affecting their ability to access nutritious food. Many have had to reduce their meals to one or two per day, with some relying on water and sleep when they cannot afford food.

Social Protection

The need for stronger social protection systems is evident, as current measures are insufficient to support vulnerable older populations. The government offers temporary monthly allowances to over 650,000 elderly individuals, but these are often inadequate given the scale of the crisis.

Coping Mechanisms

Despite these challenges, seniors are finding ways to cope. Many spend hours queuing for essentials like cooking gas, kerosene oil, fuel, and food items, which is particularly challenging due to their frailty and existing health conditions. Charitable organizations like HelpAge Sri Lanka provide support, including mobile medical units and home care services, though these efforts are insufficient to meet the growing demand. Some elderly individuals have resorted to begging or seeking help from charities as their families can no longer support them financially. Promoting home gardening has been suggested as a strategy to improve food security by increasing local agricultural production.

Potential Solutions

To alleviate these challenges, several potential solutions have been proposed. One approach is to exempt all individuals above the age of 60 from taxes, including value-added, capital gains, and withholding taxes, and offer them better interest rates for their savings. Historically, there was a provision for this, but it was scrapped. Recently, the government indicated some extra payments for seniors with fixed deposits, though this initiative seems to have stalled.

Collective Action

For these solutions to be implemented effectively, seniors need to unite and demand change. By using their collective bargaining power and voting wisely, they can influence policy decisions that affect their lives. If opposition parties are willing to address their grievances, seniors should seek written pledges that are contestable in a court of law before committing their support.

Sri Lanka's ageing population faces significant economic, healthcare, and social challenges. Addressing these issues requires urgent action from policymakers, including strengthening social protection systems, improving healthcare access, and supporting economic security for seniors. Collective action by seniors themselves can also play a crucial role in advocating for policies that better support their needs.




Thank You Amazing People !


 

Monday, March 03, 2025

Celebrating the Visionary Philanthropy of Charles Henry De Soysa

Today marks the 189th birthday of Charles Henry De Soysa, a pioneering entrepreneur and philanthropist who left an indelible mark on Sri Lanka's history. His contributions to education and healthcare are unparalleled, and his legacy continues to inspire generations. Despite his remarkable achievements, De Soysa's name remains relatively unknown outside Sri Lanka, a fact that belies the profound impact of his philanthropy, which rivals that of the renowned Rockefeller family.

Early Life and Career

Born on March 3, 1836, in Moratuwa, Ceylon, Charles Henry De Soysa was the only son of Gate Mudaliyar Jeronis De Soysa and Francisca De Soysa nee Cooray. He was educated at St. Thomas' College, Mutwal, and later became one of the wealthiest landowners of his time, owning vast estates across Sri Lanka. His entrepreneurial ventures spanned tea, rubber, coffee, and coconut plantations, cementing his status as a pioneering industrialist.

Philanthropic Contributions

De Soysa's philanthropy was visionary and far-reaching. He was instrumental in establishing several institutions that transformed the landscape of education and healthcare in Sri Lanka. The De Soysa Maternity Hospital and the Prince and Princess of Wales Colleges in Moratuwa are among his most notable legacies. The dedication of an entire educational institution to girls' education was particularly groundbreaking, given the societal norms of his time.

His contributions extended beyond Sri Lanka as well. De Soysa donated generously to hospitals in London, including the Great Ormond Street Hospital for Children, reflecting his commitment to global welfare. His philanthropy was not limited to healthcare and education; he also supported religious institutions, donating land to Buddhist temples and building churches and Hindu kovils.

Legacy and Impact

Charles Henry de Soysa's legacy is a testament to the power of philanthropy when combined with a deep understanding of societal needs. His vision for a more equitable society, where education and healthcare are accessible to all, was centuries ahead of his time. The fact that his contributions are often compared to those of the Rockefeller family underscores the magnitude of his impact.

Despite his significant achievements, De Soysa's name remains less known internationally. This could be attributed to the historical context of his philanthropy, which was largely confined to the British colonial era in Ceylon. However, his legacy continues to inspire Sri Lankans and serves as a model for modern philanthropy.

Commemoration and Recognition

Each year on March 3, Sri Lankans gather at the statue of Charles Henry de Soysa in Colombo to commemorate his birth and celebrate his contributions. Erected in 1917, this statue is the first of any Sri Lankan in Colombo, reflecting the high esteem in which he is held. His widow, Catherine, Lady De Soysa, was honoured with the style and dignity of the wife of a Knight Bachelor, a rare distinction.

Charles Henry De Soysa's life and legacy are a powerful reminder of the transformative potential of philanthropy. His commitment to education, healthcare, and social welfare has left a lasting impact on Sri Lanka and beyond. As we celebrate his 189th birthday, we honour not only his achievements but also the enduring spirit of generosity and vision that he embodied. His story serves as a beacon for future generations, inspiring them to follow in his footsteps and create a more equitable and compassionate world.



The Bystander Effect in the TikTok Era !