Crisis-hit CSE at convoluted crossroad
The Colombo stock market, not so long ago the world’s most consistent best performer, has been reeling of late. Apart from the dip in indices, the activity levels are fast eroding as confirmed by two year low turnover levels. If one compares current status of the market as against the all time high, the performance confirms that the Colombo Bourse is facing its biggest crisis marred by allegations and counter allegations on manipulation, overregulation, influence of high networth investors and plight of small investors. In comparison to 2011 Valentine’s Day all time high of Rs. 2.6 trillion market capitalization, last Friday’s closing reflects a Rs. 319 billion in value wiped off. In terms of All Share Index, the dip is near 19% and on the basis of MPI, the plunge is near 23%. As per the year to date yardstick, the ASI’s and MPI’s dips are 4.3% and 20% respectively.
The treasures and travails of training
I enjoy training. It is one of the multiple roles I play. One such recent training I enjoyed even more was a training of trainers. It also prompted me to reflect more on training as a concept as well as a practice. Today’s column is the result of such reflection.
Overview of training
There is a variety of training programmes taking place. My emphasis is more on management training. It is not only because I am a management learner and a teacher, but also being a management trainer.
Chaminda Vaas Benefit T20 Cricket Cup – 2011, now official
Mangalore: Veteran Sri Lankan all-rounder, renowned fast bowler Chaminda Vaas, was in city to officially announce the Chaminda Vaas Benefit T20 Cricket Cup – 2011 on 29 October.
As it is the first time in the history of the city that an international cricket team is visiting here to play the one day T20 Cricket match on 19 November at NMPT Grounds Cricket stadium, it is a great opportunity for players of Mangalore to play with international players.
Sri Lanka hosting CWG would inspire 45 other nations – President
“We strongly believe that Sri Lanka’s hosting of the Games would inspire over 45 other nations, who have so far never hosted these Games, to come forward and bid to host future Games. These nations would certainly benefit by the massive economic opportunities that host nations derive from hosting Games of this magnitude and scale,” President Mahinda Rajapaksa said.
Australia’s Qantas, unions face off over fleet grounding
- Airline, unions appear again before govt-ordered labour tribunal
- Qantas says 447 flights grounded, 68,000 passengers affected since Sat
- PM calls for end to dispute
- World leaders at Perth meeting among those affected
- Rival airlines put on more flights
MELBOURNE, Oct 30 (Reuters) – Qantas Airways and its unions appeared before a labour tribunal on Sunday with Australia’s prime minister urging an end to the industrial dispute that grounded the airline’s entire fleet, stranding tens of thousands of passengers.
BOC enables Customs payments via internet
Payments to Sri Lanka Customs through internet banking via Bank of Ceylon was inaugurated at BOC Taprobane branch on 14 October 2011 with the participation of Bank of Ceylon General Manager W.A. Nalini, Customs Director General Sudarshani Karunarathne, Customs Additional Director General Ajantha Dias,…..
Fuelling late hike
Delayed fuel price increase comes as import bill rise tops 50% to $ 3 billion by August
The much-delayed fuel hike in the aftermath of rising oil prices came into effect from Sunday morning, whilst the quantum of the increase was unprecedented.
Petrol prices were increased by Rs. 12 per litre and diesel by Rs. 8 per litre, in what was the second upward revision so far this year, though the country’s oil imports bill had risen sharply.
Professor Tissa Vitarana participates in UNESCO Leader’s Forum in Paris
During the Leaders’ Forum of the 36th session of the UNESCO General Conference held on 26th October this year, Prof. Tissa Vitarana, Senior Minister for Scientific Affairs, made a statement based on the theme of the discussion “How does UNESCO contribute to building a culture of peace and to sustainable development”.
Lankan Disabled Volleyball teams shine at world do in Malaysia
Sri Lanka National Disable Beach Volleyball teams won third, fourth and fifth places at the World classes First Disable Beach Volleyball tournament held in Malaysia. K. M. A. Priyankara of Sri Lanka Army won Best all rounding player award.
Samsung surges past Apple in smartphones, upbeat on Q4
SEOUL (Reuters): Samsung Electronics Co overtook Apple Inc as the world’s top smartphone maker in the July-September period with a 44 per cent jump in shipments, and forecast strong sales in the current quarter in a clear warning to its rivals.
Samsung only entered the smartphone market in earnest last year, but its sales have skyrocketed thanks to a sleek production system that rapidly brings new products to market. Apple introduced its first iPhone in 2007.
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