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The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Sincere apologies, Hamlet! This distortion is to highlight the current impasse and to stress the need for thinking beyond short-term situational measures. The impasse is in getting the public university system going and in dealing with demands without forgetting that there is a nation in waiting and the vision for it involves that it should ...
What is sales management? Sales management is a business discipline which is focused on the practical application of sales techniques and the management of a firm’s sales operations. It is an important business function as net sales through the sale of products and services and resulting profit drive most commercial business. These are also typically ...
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
‘Shakthi’ fundraiser by Emerge Lanka Foundation today ‘Shakthi, a Celebration of Femininity,’ a fundraiser for Emerge Lanka Foundation to spread awareness about sexual assault/abuse through artistic avenues, will be held at Barefoot Café today, 21 July, from 6 to 10 p.m. Emerge Global is dedicated to empowering young women around the world who have ...
The Oxford Advanced Learners Dictionary defines ‘reconcile’ as ‘finding an acceptable way of dealing with two or more ideas that seem to be opposed to each other’. ‘Reconciliation’ is defined as ‘an end to a disagreement and the start of a good relationship again,’ and as ‘the process makes it possible for two different ideas ...
Recent newspaper advertisements heralding the birth of a sports economy is indeed good news for sportsmen in general and sports entrepreneurs in particular. Tax exemptions that serve as attractive incentives are a much awaited step in the right direction for a small nation who has time and again made forays into the big leagues. The ...
All newspapers carried headlines a few days ago stating that May 2012 tourist arrivals have increased by 17.5% from last year. It is reported that the May arrivals of 57,506, was higher than even that of April, which showed only a 9% increase YOY. So far, total arrivals for 2012 up to end May is ...
With highest-ever top and bottom line performance premier blue chip JKH says knowing exactly who were are, what we stand for and where we are headed makes all the differenceI am pleased to present the Integrated Annual Report, and the Statement of Accounts, for the Financial Year ended 31 March 2012. The Report encapsulates the ...
Keynote on ‘Leveraging the Power of Asia’The highly useful and influential CIMA Business Leaders Summit will be inaugurated this evening at the Cinnamon Grand Hotel, whilst the sessions proper will be held tomorrow. The event as an intellectual engagement seeks to educate Sri Lankan entrepreneurs on the projected global business trends and provide them the ...
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
At long last a renewed National Sports Policy (NSP) was presented to Parliament last week and will no doubt shortly transform into the latest legislation for sport in our sunny isle. No doubt this is a well-meaning initiative of the Ministry of Sports (MOS) and its front running Minister who only a few weeks ago ...
Warns that countries need tough policy changes to stimulate waning growth By Cheranka Mendis Asia Pacific faces another year of tough policy changes to stimulate growth, with Sri Lanka in particular having to manage monetary policy, control inflation, provide jobs for youth and reduce high inequality, it was revealed in a report released yesterday. The ...
Singaporean bakery boutique franchise BreadTalk opens in Sri Lanka By Cheranka Mendis Singapore boutique bakery chain, BreadTalk yesterday launched its service in Sri Lanka with an investment of Rs. 400 million, opening the largest boutique bakery in its international portfolio. At the opening of BreadTalk outlet in Sri Lanka with chefs from left Director ...
Parliamentarian Namal Rajapaksa was an invitee panellist at the prestigious India Today Conclave 2012 held in New Delhi from 16-17 March 2012. The India Today Conclave, which is held annually, has seen the participation of leading Indian and international personalities such as Shah Rukh Khan, Mohamed El Baradei, Sarah Palin, Dominique De Villepin, Union Minister ...
The gap between the rich and poor used to be the province of Third World countries. Why is it an issue in developed countries these days? INSEAD Knowledge: Gaping disparity between the rich and the poor used to be the hallmark of Third World or developing countries – places without a “middle class” or an ...
Following are some responses from three economists to the guest column by Chandra Jayaratne titled ‘Important issues’ for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over published on 2 February 1) I disagree with the Stiglitz-Krugman line. My diagnosis is that Europe is in this mess for two ...
Some important issues for Sri Lankan legislators, the Executive, policymakers, Central Bankers, economists and thought leaders to ponder over: Stiglitz believes that the austerity plans in the EU nations, especially by the debt ridden poorer nations of the group is akin to a collective suicide pact and is an act madness promoted and enforced by ...
Text and pic by Harsha Udayakantha Peiris Malaka Dewapriya a young cinematographer with a determined mission towards a cinema with a richer conception to uplift the social bases of the communities has launched fieldwork for his first feature on silver screen for the local and international audience, namely, ‘Bahuchithavadiya’ which narrate...
Following is the address delivered by The Hotels Association of Sri Lanka (THASL) President Anura Lokuhetty at the National Conference on ‘The Role of the Business Community in Reconciliation’ organised by Lakshman Kadirgamar Institute for International Relations and Strategic Studies (LKIIRSS): Ladies and gentlemen, throughout the history of mankind, humankind has searched for ...
The Central Bank of Sri Lanka recently unveiled its pioneering Sixth Strategic Plan – communicating in all transparency its plans for the forthcoming financial period – based on the theme ‘Raising the Bar’. The Sixth Strategic Plan, like its predecessors, takes root from the policy measures underscored in the ‘Mahinda Chinthana,’ and is formulated to ...
Colombo, (AFP): The Sri Lankan government has ordered a probe into the national cricket team’s “crisis situation” after they fell to another defeat in their one-day series in South Africa, an official said on Wednesday. Sports Minister Mahindananda Aluthgamage asked the country’s cricket governing body to investigate and recommend remedial action to end the side’s ...
COLOMBO: A Sri Lankan minister slammed the country’s cricket team on Thursday, blaming poor team spirit for its humiliating 258-run thrashing by South Africa, the island’s worst one-day international defeat. Government spokesman and Media Minister Keheliya Rambukwella said he was “horrified” when Sri Lanka were dismissed for 43 runs at Boland Park in Paarl on ...
“Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of a downward spiral of uncertainty, financial instability and potential collapse of global demand… we could run the risk of what some commentators are already calling the lost decade” – ...
A survey conducted last week on the health of the Sri Lankan economy revealed that almost 64% said that the Government had done its task but only 43% had said that there had been growth in the economy. Whilst some can say that this data is strange, a similar set of information was shared at ...
Brief analysis of corrupt public expenditure in Sri Lanka Lessons from China or Tunisia? Just few months ago, in response to a public outcry for more accountability and transparency in the use of public funds, the State Council, which is the Cabinet in the Chinese Government, directed 98 public institutions including ministries to make public ...