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sports.ndtv.com: Colombo: Sri Lanka Cricket (SLC) has approached the BCCI about the possibility of hosting IPL matches, the new SLC president, Upali Dharmadasa, has said. The idea has been proposed as a way for SLC to raise additional revenue because the Sri Lanka Premier League (SLPL) failed to get off the ground last year, after ...
Expects 2012 to continue 2011 success despite anticipating slow year By Cheranka Mendis Kia Motors is geared to embrace a phenomenal year in 2012, riding high on the extraordinary success of 2011. Launching the final model that was to be introduced to the local market in 2011, the all new fourth generation Kia Rio, Kia ...
Research related to Human Resources is a growing global priority. We saw the enthusiasm last week, when the Research and Publications Committee of the Institute of Personnel Management organised an evening presentation on “Research trends in HR”. Today’s column will focus on the highlights of it, with extended emphasis on the need to debunk some ...
Education is at the core of development and Sri Lanka, targeting post-war development, is still not getting its focus right on developing knowledge across the board, starting with the schooling system. It can be argued that the Sri Lankan Government is more focused on fixing the ills of the university system to pay adequate attention ...
Reuters: Sri Lanka’s stock market slipped to a one-week low on Tuesday in low volume and turnover as investors held off amid negative sentiment about a credit shortage and uncertainty after the Head of the Securities and Exchange Commission (SEC) resigned. The island nation’s main share index rose 0.43 per cent during the day on ...
With media reports mounting on the possibility of price controls for pharmaceuticals and the general perception being created that pharmaceutical prices are escalating in the market, the Sri Lankan Chamber of Pharmaceutical Industries (SLCPI) has come out strongly against, saying that in fact the opposite as true. Vish Govindasamy, President of the SLCPI, addressing the ...
In Sri Lanka there is some times a perception that there is a lack of skilled workers to fill positions at management levels. Some employers would say they have difficulty filling positions because of a talent shortage. Some of the complaints about skill shortages simply could be that employers can’t get top candidates to accept ...
Organisational sustainability is the ability for a group of persons to endure the internal and external pressures of a culture, through change and innovation, as they endeavour to deliver their specific products.There are seven components to create organisational sustainability. 1.Organisational identity Every organisation needs to distinguish and market its organisational identity. The organisati...
By Kusal Perera Groundviews.org: The media these few days, especially the English media, provides unusually high anti government coverage to the government’s latest move to push through a bill, classified as urgent. Titled “Revival of the Underperforming and Underutilised Assets Bill,” it sent many stories spinning round Colombo circles. More politically savvy circles talked abou...
Council calls for govt. intervention on a slew of issues, says production can increase by 50%, plans to launch pepper brand By Uditha Jayasinghe The spice industry yesterday urged the government to resolve a slew of issues to increase productivity and promote the sector. Spice Council Chairman Sarada de Silva making his address at the ...
Haycarb PLC has reported revenue growth of 21 per cent to Rs 3.8 billion for the six months ending 30 September 2011, with stable demand in global markets and the company’s reliable supply stream of high quality carbons with a product mix of value-added carbons protecting its top line in a period of narrowing margins. ...
By Devin Jayasundera The Sri Lanka Medical Association (SLMA) in celebrating its 125th anniversary announced the launch of the SLMA 2012 International Conference and Exhibitions to professionals in the medical field and the media on 4 October. The theme of this year’s conference will be ‘Global Forum for Sri Lankan Doctors’. The SLMA, which is ...
A reader of My View on popular fallacies of currency appreciation published in the previous few weeks has directed a series of questions to me. What is Central Bank’s mandate? Should it just target to stabilise the domestic prices? Or should it try to maintain stability in the exchange rate? Or should it work for ...
The Maldivian administration’s key economic strategy is to engage the private sector and enable the diversification of the economy for sustainable development, said Mahmood Razee, Minister of Economic Development in the Republic of Maldives who was in the country to attend the fourth Annual General Meeting of the Sri Lanka-Maldives Bilateral Business Council recently. ...
Last week I had the privilege of delivering a keynote address at an annual sales and marketing conference of one of the largest multinational companies in the country, which recorded a turnover of around Rs. 65 billion and a contribution of 1.5% of GDP to Sri Lanka. The event gave me amazing insights that motivated ...
By Cassandra Mascarenhas For the first time in Sri Lanka, the US Embassy and Sri Lankan Government agencies collaborated to organize an event on biotechnology, based on the theme ‘From green revolution to gene revolution – are we on the right track?’ The two day event which commenced yesterday will feature a line-up of distinguished ...
By Cheranka Mendis Sri Lanka’s general education system needs to up their game before long if the country is to achieve the status of knowledge hub in the economic development plans to be laid out by the Government by 2015. The system, which runs on low investment and infrastructure, questionable quality teaching and varied issues ...
Reuters: Sri Lanka’s stock market narrowly edged up on Monday from a seven-week low, ending four straight falls as investors snapped up battered shares though a liquidity shortage and global worries cooled sentiments, dealers said. The island nation’s main share index closed 0.02 per cent or 1.42 points up at 6,736.02, from the lowest since ...
Reuters: Sri Lanka’s stock market fell for a third session to a more-than six-week low on Thursday, following Asian peers on a gloomy global economic outlook, a local liquidity shortage and forced selling to meet margin debt reductions. The island nation’s main share index closed 0.45 per cent or 30.50 points weaker at 6,762.38, its ...
Buoyant on a lucrative trend, Sri Lankan rubber manufacturers have requested the Trade Ministry to double the cess on raw rubber exports, creating the stage for a clash with producers. Sri Lanka, the seventh largest natural rubber exporter in the world, has decided to increase taxes to reduce raw rubber exports, the Trade Ministry stated ...
Large parcels of The Finance Co. traded, foreign investors net buyers after 12 sessions The bourse continued its downward trend yesterday where broad levels of selling were displayed on stocks but foreign buying returned to after an absence of a dozen sessions. ASI decreased by 35.69 points (-0.52%YoY) to close at 6,792.88 where as sensitive ...
COLOMBO needs a new mayor. The contest to see who gets the coveted post has gathered the most amount of interest that the other 22 local government bodies together have not received. The stakes are high, especially for the United National Party (UNP) that has the last vestiges of its credibility riding on it. Policies ...
Retail selling push stocks near two-week lows Foreign investors net sellers of Rs. 339.9 m Rupee flat despite heavy importer dollar demand Reuters: Sri Lanka’s stock market fell near a two-week low on Tuesday on high turnover and volume as retail investors sold amid a credit shortage while institutional investors stayed cautious in line with ...
Last week, media were abuzz with two reports on how undesired exchange rate movements could worry governments. One was a currency under pressure for appreciation in the market and the other was a currency moving in the opposite. Swiss Franc: One way Journey to Appreciation The first was the case of the Swiss Franc which ...
By Amantha Perera (IPS): As paddy cultivation revives in Sri Lanka’s former war zones, prospects for the island’s food security have improved dramatically. Experts say the extra capacity will not only make up for shortages of the country’s staple caused by the twin floods that hit the eastern and central regions this year, but actually ...
By Devin Jayasundera A top Finance Ministry official last week declared that the country’s import sector has bright opportunities on to the future in tandem with fast growing economy and per capita income of the people. Delivering the keynote address at the Ceylon Chamber Import Section Annual General Meeting the Ministry of Finance and Planning ...
2011/2014 batch of the Graduate Diploma in Purchasing and Supply Chain Management conducted by the Institute of Supply and Materials Management (ISMM) was inaugurated at the Ceylon Chamber of Commerce on 28 August 2011 in the presence of Director Training Dr. Kingsley Wickremasuriya, two of the vice Presidents of ISMM I.G.Perera and Anil Ponweera. According ...
The Sri Lanka Standards Institution (SLSI) yesterday lifted the ban on the import of Lucky brand of cement following the Pakistan-based manufacturer’s factory getting a certification on quality from a London laboratory. The decision to lift the suspension imposed in June, was made at a meeting of the SLSI Council which includes representatives from the ...
Stock Broking firm Capital Alliance suggests that the 2.6 million tourist arrivals target isn’t a pipedream but achievable though it will be only by 2020, which is 4 years later than the Government and industry set timeline of 2016. “The Government projects 2.5m arrivals in 2016, but the industry will lack the rooms and trained ...