Just read the news Sri Lanka beat Australia by 5 wickets at the under 19 World Cup in Malaysia. Australia was all out for 172 runs in 49.3 overs and in reply Sri Lanka reached the total comfortably in the 37th over with 5 wickets in hand.
Hope they will continue thier form and give a lession to SL senior cricket players.
Friday, February 22, 2008
Sunday, February 10, 2008
Inflation rate in Sri Lanka
It has been said that inflation rate in Sri Lanka tops whole South and South East Asia.It is up to over 20% now. I think there are several reason for this.
1. Rising oil price in world market.
2. Escalated war.
3. Bad economic policies.
The first one is out of Sri Lanka's hand since Sri Lanka doesnt produce oil.So it is highly crusual factor for inflation.Every time oil price went up ,prices for public transport goes up.Not only that every other items including vegetable prices are going up too.
Escalated war is 2nd reason.Because It has been said that government has to allocate lot of money to war.Those money are not productive by economy wise.Although one might argue that those are short term expenditures but no one garantee when war will be ended near future.
3rd reason is government bad economic policies.Printing money to cover up budget deficits directly caused high inflation. It has been said that new notes value over 49 billion rupees printed by central bank.
1. Rising oil price in world market.
2. Escalated war.
3. Bad economic policies.
The first one is out of Sri Lanka's hand since Sri Lanka doesnt produce oil.So it is highly crusual factor for inflation.Every time oil price went up ,prices for public transport goes up.Not only that every other items including vegetable prices are going up too.
Escalated war is 2nd reason.Because It has been said that government has to allocate lot of money to war.Those money are not productive by economy wise.Although one might argue that those are short term expenditures but no one garantee when war will be ended near future.
3rd reason is government bad economic policies.Printing money to cover up budget deficits directly caused high inflation. It has been said that new notes value over 49 billion rupees printed by central bank.
Friday, February 01, 2008
Microsoft's TOB for Yahoo
I just read the news of Microsoft bids 42 billion dollers to buy Yahoo. What will will happend next?
Will Yahoo accept the bid? For me this is the tough time since yahoo has been in trouble situation in these days. Their stocks prices slummped and plan to cut 1000 jobs etc. Share holders may want their prices up and settling with microsoft means that thier stock prices going up for sure. This will be huge bonus if microsoft succed this deal since they could challenge with Google's monopoly in the web business.
Will Yahoo accept the bid? For me this is the tough time since yahoo has been in trouble situation in these days. Their stocks prices slummped and plan to cut 1000 jobs etc. Share holders may want their prices up and settling with microsoft means that thier stock prices going up for sure. This will be huge bonus if microsoft succed this deal since they could challenge with Google's monopoly in the web business.
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