September 2010
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Archives

Technical diagnostics for a safer journey

(Sunday Observer – by Sahan Hasaranga Wasala)

“The whole world steps aside for the man who knows where he is going.”

Thanks to President Mahinda Rajapaksa, we are witnessing a fast growth of our economy. Simultaneously we have many investors coming into our peaceful motherland and starting huge development projects.

Vibration analysis of [...]

Sri Lanka price floor for mobile calls

(LBO) – It is not the responsibility of a regulatory agency to ensure the profitability of telecom operators. Yet, when every single operator in the country, including the incumbent who used to make profits even under inefficient government management, starts bleeding red ink, it is not possible for the government [...]

Why HR? Why now?

(Daily News – by T. Vijayabaskar, Management Department Eastern University Sri Lanka)

Generally in all organizations there are two types of resources being used. They are human resources and physical resources. Between these resources HR is vital for organizational sustainable competitive advantage.

Since among four Ms that is to say, Men, Material, [...]

Sri Lankan motorist get directions from the heavens

(LBO) – Sri Lanka’s Sala GIS (Geo Information System) has developed the country’s first GPS (Global Positioning System) map, where a space-based network of radio navigation system satellites can assist motorist find directions and plot routes.

Sala ProSat is the first company to offer GPS navigation that works in Sri Lankan [...]

Situation favourable for apparel industry

(Daily News – by Harshini Perera)

[Profile]

*Name: Kumar Dewapura

*School attended: Thurstan College

*Civil status: Married, has two children

* Experience: 30 years experience in the Apparel industry

* Professional qualification: Textiles technology in Henden

* Sports: Cricket, rugger and Cadeting

The political stability in the country will enable the apparel industry [...]

Lankan milk powder for export

Self sufficiency in three years:

(Sunday Observer – By Shirajiv Sirimane)

Ariyaseela Wickramanayake
Group General Manager, Prasad Haputhanthrie

“Made in Sri Lanka” milk powder will be exported next month under the brand Pelwatte Milk Powder for the first time bringing pride to the country.

In addition plans are also under way to make [...]

Kim Kardashian

(Daily News) Born Kimberly Noel Kardashian on October 21, 1980 (1980-10-21) (age 29)inLos Angeles, California, U.S. An American national, she is occupied as American Celebutante, Entrepreneur, actress and model since 2007 and is well known for her reality show ‘Keeping Up with the Kardashians’, Dancing With the Stars and [...]

SriLankan Airlines named ‘Airline of the Year’

(Daily Mirror) SriLankan Airlines has once again been named ‘Airline of the Year’ for its overall contribution to the country’s tourism industry at the Presidential Awards for Travel and Tourism 2009, the second successive year that the airline won this title in the country’s highest accolades for the airline, travel and [...]

Sri Lanka budget will maintain economic stability: IMF

(LBO) – Sri Lanka’s latest budget should ensure the island maintains macro-economic stability that would help accelerate economic growth, the International Monetary Fund representative in the island said.

“The key element is in ensuring macro-economic conditions remain stable,” said Koshy Mathai.

“Inflation, interest rates and the exchange rate must remain stable to [...]

Milk production starts with grass!

(The Island – By J.B. Müller)

It is a matter of national humiliation that Sri Lanka is unable to produce sufficient milk for its 20 million+ population even after six decades of independence and the ability to take decisions on its own without anyone’s dictation.  Indeed, what price independence [...]

Sri Lanka – Dumping ground for surplus stock

Self-sufficiency in dairy milk mooted:

(Sunday Observer – by L.S. Ananda Wedaarachchi)

Minister Arumugam Thondaman
Maubima Lanka Chairman Ariyaseela Wickramanayaka

Sri Lanka imports sixty-five percent of her milk food items worth over three billion rupees annually. The government and various other organisations introduced a number of programs to develop the milk production in the [...]

Govt intervenes to reduce prices

(Sunday Observer By – Uditha KUMARASINGHE ) The Government has withdrawn the Rs. 10 duty waiver given per kilogram of imported wheat grain to protect the Yala paddy harvest that is coming into the market now to promote the country’s rice consumption.

According to Government sources,this duty concession was waived last November due to the rice shortage [...]

Sri Lanka car tax cut sends market into a spin

(LBO) – A steep tax cut on vehicle imports in Sri Lanka has injected life into the almost comatose car trade, but some dealers are stubbornly holding onto high prices hoping that the lower tax regime will not last too long.

They are appealing to the fear and greed of buyers. While [...]

Perils of managing a security firm

Industrial security in Sri Lanka:

(Daily News – by F N de Alwis)

Industrial security in Sri Lanka is engaged depending on the calculated risk the business organisation is exposed to. In the process of engaging security certain assessments of vulnerability is required by studying the trends in crime, fire and disasters. [...]

Sri Lanka bourse hits record, ends off highs

(Reuters – By Ranga Sirilal) – Sri Lankan shares touched a record on Wednesday on high turnover thanks to buying interest in John Keells Holdings and Dialog Telekom but closed slipping as investors booked profits, traders said.

The Colombo Stock Exchange’s all-share price index hit an all-time high of 4,638.03 points, surpassing its previous peak of [...]

Auto prices to drop further in 3 months

(TBL – By Azhar Razak) Prices of vehicles are likely to drop further soon as competition gets intense and with the availability of a full range of newly imported vehicles hitting the local market, a senior industry official told The Bottom Line. Accordingly, the availability of the full range is [...]

Tricks condominium developers play

(Daily News – by Dr Kingsley A de Alwis)

Condominium housing refers to a complex of dwelling units (apartments or houses) which are individually owned, but with each owner also having access to and owning a share of the common areas and facilities (referred to as the ‘common elements’). The complex [...]

Things to consider in cheque operations

(Daily News – by S. R. Balachandran)

S. R. Balachandran

Cheques are the popular mode of payment worldwide. If properly monitored it has several advantages, some of which are as follows:

(1) Large sums of money need not be retained or transported and thereby losses could be avoided.

(2) An official receipt is not essential for [...]

Ranjit Tissaweera Jinasena,Tribute to a friend

(The Island) Is it possible to succeed in business, be very spiritual, focus on family and live a balanced life? You may say this is too much to expect from someone. One person who combined all these qualities was Ranjit Jinasena. A truly outstanding human being, business leader, [...]

EZY Computers for Journalism Awards winners

(Daily Mirror)  Sri Lanka’s premier computer manufacturer EZY, who have lived up to their promise of ‘making computers – simply affordable’ have joined The Editors Guild of Sri Lanka and the Sri Lanka Press Institute in rewarding all award winners a laptop, namely the EZY Slimbook Laptop at the annual Journalism [...]