Since the mid-60s, the public service has been subject to a high degree of politicization under successive regimes. During the 70s and 80s, the public service cadre and recruitment procedures went through many changes primarily to serve the partisan objectives.
Moody’s Investor Services said the credit guarantee scheme on pawning loans proposed by the Central Bank (CB) would have a positive impact on banks’ credit ratings.
Natural rubber today accounts for something like a third of the world’s production of all rubbers and nearly 85 percent of the output comes from Southeast Asia. Technical and economic problems that have manifested themselves in the past in relation to production and marketing of.....
Presently there is a substantial discourse on whether the Democratic Socialist Republic of Sri Lanka is waning in its commitment to the institutions of democracy. This insight explores a different question, is it waning its commitments to social institutions?
In any organisation, only two aspects of work exist—on-going operations and projects. The on-going operations constitute an organisation’s repetitive activities, such as accounting, marketing, HR, production, etc. The projects are the unique, temporary endeavours with each having a specific beginning and end.
There were a number of mistakes made by the previous governments during the 30- year old civil war fought in the North of Sri Lanka form 1978 that ended in 2009.This war was aggravated after the July 1983 riots where a large number of Tamils from all walks of life were killed and maimed or........
As a student of hospitality, I was constantly reminded that in a well-run hotel, the ‘manager must be present’, available and in evidence. He or she should be out on the floor greeting guests and putting a face on hotel operations whilst staying connected, committed and.....
It is unlikely that the rubber plantations, currently going through difficult times with profitability per hectare markedly eroded due to rapidly declining selling price of rubber and spiralling costs of production due to rising wages of tappers, will bounce back in the near future.
Are you an enthusiastic investor? Are you looking for a winning investment strategy? If yes, you will find today’s article useful. Today, we will be sharing with our readers some financial advice picked from the most successful investors and fund managers in the world.
The key to the success of the behavioural interview is in the preparation. Prior to conducting the interview, the recruiter will need to do some homework. Having a thorough understanding of the company culture and organisational environment is.....
All governments have attached high priority to foreign direct investment (FDI) since the 1970s. It is important to understand why this has been the case and pose the question whether the Strategic Development Act (SDA) contributes to creating an investor-friendly environment.
Need-based entrepreneurship has always been around – for those who are savvy enough to understand the need and do something about it. There have been successful female entrepreneurs who have built and continue to build businesses on needs they themselves have experienced.
The US-based Heritage Foundation (HF) has constructed a global index of economic freedom. Sri Lanka’s score has improved significantly post-war and declined a bit in 2014. The importance of the index has less to do with overall measures and scores, than the aspects that are......
It is easy to take a running tap for granted, but water scarcity is a serious problem in many parts of the world. It is believed that over one billion people worldwide do not have access to clean and safe drinking water, according to.....
People are the lifeblood of all organisations. Adding new people to an organisation is not unlike having a blood transfusion. If the new blood is not good match, the body will suffer and ultimately reject the transfusion. That is the risk of all organisations take when they recruit new people.
Positive sentiments during the post-war era attracted a large number of new investors to the capital market. Many investors were able to reach their financial goals while a few others did not earn profits as expected. Several factors would have attributed to the above stated.
We live in an incredibly connected world that is wired 24/7. Information flows at a rate faster than the average individual can decipher fast enough. It helps to spread the word, such a connected world, when we are doing well or our businesses need a boost. In the same way, the world can get to know in the bat of an....
John R. Hendrie wrote in 2005, and, I quote, “It used to be so easy being a hotelier. Your guest wanted a good mattress, a clean bathroom, and perhaps easy access to a pool. And, room amenities were not a loss leader, for your prices reflected a recoup of the costs, minimal, as they were.
The occurrence of mineral sands was discovered mainly in the northeast coast of Sri Lanka in 1904 during the period of the Principal Mineral Surveyor Dr. Ananda Coomaraswamy from the Colonial Office.
Financial reporting is a language that companies (public or private, non profit organizations, state or local governments) use to communicate to users of financial statements about their financial position.
The holiday shortened month of April has been merry thus far for the Colombo Stock Exchange (CSE) with the index gaining 3.1 percent (and by 185 points) during the first three weeks of the month.
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