Brain Draining Pearl – By Nisal Rukshan A state’s economy can significantly influence its population. The economic stability of a country relies on salient factors including, labour, taxation, human resources, income distribution, political status, policies & strategies of the government, education system, usage of technology, the contribution of the state sector and private sector, the trade balance (the difference in country’s imports and exports of goods and services), unemployment, infrastructure, wages, inflation etc. However, in times of economic upheaval or political instability, a country’s development growth can be hindered and such a situation can lead to unrest among citizens. Waves of the depressed population will strive to seek remedies or ask for solutions from authorities to overcome financial difficulties. When such efforts have become futile, the road to struggle will automatically open up. That results in a high rate of brain drain aka substantial emigration among any population. Marshlaw’s hierarchy ...

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Sriyan Cooray takes over role of Chairman at NDB Bank Source:ft.lk Veteran banker and current independent Non-Executive Director Sriyan Cooray will take the helm as the Chairman of National Development Bank PLC with effect from today.Cooray succeeds outgoing Chairman Eshana de Silva who tendered his resignation from the post last week for personal reasons having steered the bank through the challenges brought on by the pandemic during the past two years. Sriyan Cooray joined the NDB Board in August of 2018 and currently serves on several Board level sub-committees of the Bank including the Integrated Risk Management Committee, Audit Committee, Strategic Issues Committee, Human Resources and Remuneration Committee and the Nominations Committee, Chairing the Integrated Risk Management Committee and Human Resources and Remuneration Committee.  He has also served in the capacity of NDB Acting Chairman on multiple occasions during his current tenure on the NDB Board. An accomplished banker with ...

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