Last Updated : 30-07-2014 07:53

 
 

Features

Economic freedom in Sri Lanka: Changes and consequences

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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......
Views: 2412

Private investment to resolve problems of water scarcity in the world

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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.....
Views: 2386

Behavioural interviewing: Formulae for successful selection

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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.
Views: 2399

Are you capable of earning profits in stock market?

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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.
Views: 2438

Importance of reputation management is never lost

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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....
Views: 2909

Evolution of hotel amenities

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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.
Views: 3151

Mineral sands industry in Sri Lanka and value addition

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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.
Views: 3593

Changing face of financial reporting

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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.
Views: 2765

Rating bonanza and need for disposable income boost

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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.
Views: 1940

Are you a responsible investor?

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There can be discrepancy in the instructions given in relation to the company, quantity and the price. For an example, an investor might state that he gave instructions for 100 shares to be purchased even though his advisor has purchased 1000 shares. In most cases, instructions are conveyed to advisors through the telephone.
Views: 1752

360-degree feedback: Boosting up management skills

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In the last article we noticed just how good the 360-degree assessments are, if implemented correctly. But there is a major reservation! In order for the 360-degree feedback system to be successful, there must be employee acceptance of the system.
Views: 1921

A teenage entrepreneur we can all learn lessons from

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Bethany Mota is no Sheryl Sandberg; she is 18 and yet to get a degree in business studies. But Mota, who is better known to millions of teenage girls on YouTube as “Motavator”, has already created a million dollar fashion and media empire just by sitting in her bedroom of her California home and posing videos on......
Views: 2648

Sri Lanka needs more balanced and holistic alcohol policy

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Alcohol sales would have no doubt peaked during the last week or so, along with Avurudu festivities across the country – rural and urban alike.
The use of alcohol is embedded in the daily lives of many ordinary citizens in our island nation. Despite certain efforts by the government in regulating the....
Views: 2653

Innovative technologies and sustainable solutions to develop oil palm industry

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Palm oil mills are in an enviable position to harness enormous amounts of renewable energy with high efficiency, the potential which remains largely unrealised, palm oil expert Krishna Moorthy says.
Views: 3685

Sri Lanka tourism: What got us here, won’t get us there

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In 2009, Sri Lanka’s tourist arrivals were a mere 447 thousand. By 2010 the arrivals increased almost 50 percent to 654 thousand. That number is estimated to have almost doubled by 2013 to almost 1.3 million. The current plans are for this number to double again by 2016 to 2.5 million.
Views: 4350

360-degree feedback – Developing self-awareness among employees

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In the 1990s, organisations started to change from highly structured pyramid-like hierarchies towards flatter and leaner shapes. The autocratic management styles that suited a pyramid structure won’t work in the modern organisation with its wide spans of control, high levels of self-management and a workforce that relies on....
Views: 2578

Are you a responsible investor?

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During the past few weeks we have addressed the need of educating yourself on the stock market prior to investing. An equally important factor is to manage your relationship with the stockbroker firm/investment advisor and refrain from unwanted disputes that could have an adverse impact on one’s portfolio.
Views: 1697

Conflicts among Sri Lanka’s health workers hurting patients

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All health sector workers – doctors, nurses, midwives and other paramedics – share the responsibility for delivering good health services in government hospitals. Duties and roles of these professionals are intertwined. Health workers who are discharging duties in health facilities are the products of years of
Views: 2535

Balancing short-term vs. long-term interest of workers

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There were recent press reports that a number of trade unions have submitted proposals to the National Pay Commission requesting establishment of; 1. a national wages commission for the private sector, 2. a national minimum wage, 3. an unemployment benefit insurance scheme, 4. a pension scheme for the.....
Views: 2165

What can female entrepreneurs rejoice about?

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It seems much. According to the Gender Global Entrepreneurship Development Index, the conditions that foster high potential female entrepreneurship are three-fold - encouraging an entrepreneurial environment, entrepreneurial eco-system and entrepreneurial aspirations.
Views: 3780

Unresolved sustainability issues in global tea sector

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Although the subject of sustainability in tea plantations had been discussed on many occasions before, yet in view of its importance to the tea sector and also as many issues still remain unresolved, this article re-examines this subject.
Views: 3908

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