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"Truecaller blocks and identifies over 7 million unwanted calls per day, globally" - Kari Krishnamurthy

Oct. 28, 2014 (LBT) - Truecaller, the mobile app that helps you take the right call announced its foray in Sri Lanka, recently as a strategic entrance to one of its key emerging markets. In a recent media release the company announced that is had identified Sri Lanka as an opportunity for the application to further extend this service to millions of users across Sri Lanka. With that in the limelight, below are excerpts of an interview conducted with Kari Krishnamurthy, Vice President of Growth and Partnerships of Truecaller Asia, Middle East and Africa. Q: What is the concept behind Truecaller? Truecaller is a mobile app that helps users take the right call and reach people through the world’s most comprehensive global phone directory. Truecaller is meant to make the mobile environment more secure, because if you think about it, if someone you don’t know is calling you on your phone, that person has received your phone number from somewhere, and you have the right to know who that person is. There are three defining features of Truecaller. These are, Search, Caller ID and Spam Blocker. Truecaller helps users easily search for any number in the world whether if it’s a landline, ... Read more

Expert Advice | Hits: 386 | Comments

Risky business of price controls and guaranteed prices

Oct. 26, 2014 (LBT) - The anticipated national elections have spawned a spate of misguided and unaffordable claims and counter claims. There have been calls for price controls for ‘essential commodities’ and a higher guaranteed price for paddy farmers as well as the introduction of a guaranteed price for fish. When considering such requests, it is important to learn from the mistakes of the past. Repeating policies, which have undermined the development of the country and ultimately imposed additional burdens on the people, would not serve anyone’s interest, particularly those who need ‘relief’ the most. In this connection, it would be useful to examine why price controls and subsidizing ‘essential commodities’ was a failed policy in the past. There is also merit in considering what the best instrument is for providing relief and how it can be targeted to those most in need. Finally, one needs to understand how best to treat the causes rather than the symptoms of the ‘cost of living problem’ which are triggering the pressure for these distortionary policies. Failed Policies For thirty years from the dawn of independence, there was a food ration scheme which covered some ‘essential items’, including free rice. This was then converted into ... Read more

Opinions | Hits: 356 | Comments

Grave situation faced by Plantation Industry highlighted

Oct. 18, 2014 (LBT) - The grave situation the Plantation Industry is facing was brought to the notice of Basil Rajapaksa, Minister of Economics Developments at the 78th Annual General Meeting of the Ceylon Planters’ Society held at Waters Edge on September 27, 2014. The Chief Guest was Gamini Lokuge, Minister of Labour and labour relations and also gracing the occation as the guest of honour was Neil Bogahalanda, the newly appointed Chairman of Sri Lanka State Plantations Corporation and Elkaduwa Plantations Ltd. Suresh Nawaratnam, President of the Ceylon Planters’ Society presented the review or the Annual Report on the activities of the Society’s work citing its accomplishments, the new problems, the solutions and plans for the future. The President placed before Minister Basil Rajapaksa the grave situation the Plantation Industry is facing and said that some of the grievances are significant and serious. He said the Plantation Industry as reported last year did have to face numerous problems and even at present faces many problems. Some of the major issues he mentioned are: • The felling and selling of state owned trees in the Sate Governed plantation sector. • Issues related to Chilaw Plantations Ltd. • The depleted condition in some of the company ... Read more

Opinions | Hits: 870 | Comments

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