Process Mapping is at the heart of many continuous improvement techniques, ranging from the very simple, (e.g. Standard Operating Procedure) to the very complex, (e.g. Six Sigma) Process Mapping is founded on the premise that if you create a picture or a map of a process, it will be much easier to understand it.
The year 2014 is expected to be a promising year for the Sri Lankan equity market. The All Share Price Index has witnessed a growth of nearly 5 percent within one month. Further on, analysts predict an increase in market activities especially in the primary market as a result of the expected increase in Initial Public Offerings (IPOs).
Following is the inaugural speech by Arjuna Herath as President of the Institute of Chartered Accountants of Sri Lanka, delivered at the 22nd President’s Induction ceremony of the Institute held at Cinnamon Grand Colombo.
They are young women of a generation that grew up with the Internet, software and lap tops. They seek solutions in technology and believe in the power of technology that can be harnessed to produce great many things. They belong to a new generation of entrepreneurs whose very existence is dependent on technology.
Sri Lanka has potentially extremely favourable medium-term prospects. In addition, macroeconomic conditions are likely to be more benign in the short term with 2014 being better than last year, provided the US Federal Reserve’s tapering programme does not cause severe turbulence in emerging and frontier markets.
The Planter’s Association of Ceylon (PA) has warned of an acute shortage of fertilizer which will have a detrimental effect on the plantation industry.
The PA whose mandate is to promote, foster and protect the plantation industry of Sri Lanka has sounded the alarm and appealed to all stakeholders to......
Tucked away amidst a tea plantation and bordering the Deniyaya side of the Sinharaja rainforest is a unique ecotourism venture that could hold valuable lessons on the future of forest-based ecotourism in Sri Lanka.
When one purchases a high-priced item, it is natural and reasonable to expect a high-quality of performance. For most people, cars and holidays count as the two highest priced items of regular expenditure. People save money to take their annual holiday and also put aside money to be able to purchase a newer car.
There is a controversy with regard to the alleged upward revision of the growth rate of quarterly GDP by 0.5 per cent from 5.5 per cent to 6.0 per cent.
This has created some doubt in the public mind as to the accuracy and reliability of estimates of National Accounts.
A recent article by Gail Tvreberg from a think tank on “Our Future World”, reproduced in “Oil Voice” Magazine of 4 February 2014 highlights that solutions to our energy dilemma will not work if we do not understand that the problem is quite different from what it really is and developing into a long term problem which in.........
Providing satisfaction to customers is an intuitively sensible route to running a profitable business. But we have not been very good at measuring whether or not businesses are doing a right job in delivering satisfaction to their customers. Part of the problem is a lack of clarity about the meaning of some of the concepts involved.
Because you plan to spend the money you set aside for short-term goals relatively quickly, you’ll want to focus on safety and liquidity rather than growth in your short-term portfolio. Treasury bills (T-bill) backed by the government’s promise to repay are generally considered safe investments.
The Fourth Assembly of the International Renewable Energy Agency (IRENA) took place from January 18-19, 2014 in Abu Dhabi, United Arab Emirates (UAE), attended by more than 1200 participants including heads of state and ministers from over 150 countries, as well as representatives from 120 international organisations.
Volunteering is in – whether in reaching out to communities, helping street children or simply doing something for someone who cannot afford you or pay you back, it is not only fashionable but also extremely relevant in the world we live in today.
There are many problems have arisen with regard to condominium corporations and the management. As a result there are many unhappy buyers and they do not know where to go to get these problems satisfactorily resolved. Therefore it is necessary all condo buyers should know the role of
When I book a hotel I look for one that provides comfort and a secure environment. In a hotel environment, safety and security are two sides of the same coin. Let’s examine this on an imaginary – but not totally unreal series of incidents that all occur to the Nemo (‘Nobody’ in Latin) family, when they are picked up from......
We had a big debate on emerging markets’ growth prospects at our Annual Meetings in October 2013. We lowered our 2013 growth forecast for emerging markets and developing economies by a whopping 0.5 percentage points compared to our earlier forecast. Some argued that we were too pessimistic.
For some time now it has been quite clear to economists that assessments of economic performance cannot be solely focused on overall income growth, but must also take into account income distribution. This is because a growing body of research has established that where the income inequalities are...........
A very timely seminar on the ‘Debacle of Finance Companies’ was held recently at The Kingsbury. Human Rights Commission Chairman Justice P.R.P. Perera chaired, whilst presentations were made by banker, lawyer cum accountant, Ranjith Fernando, President’s Counsel K. Kanag-Isvaran and.....
Is the Colombo Stock Exchange (CSE) finally putting aside its losing streaks? With the first month of 2014 just over, signs are surely encouraging with the All Share Price Index (ASPI) having gained around 250 points representing a YTD gain of 4.2 percent, which is good considering that we are......
Ben Bernanke’s eight-year term as chairperson of the United States Federal Reserve Board came to an end last week, with successor Janet Yellen taking over from February 1.
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