Mattala Airport: Vital for Sri Lanka’s transport strategy

Published : 12:00 am  January 3, 2014  |  Category: Opinion, Shipping / Aviation  |  Leave a Comment  |  1,068 views  |  

By Dinesh Ranasinghe FCMA, CFA Mattala Rajapaksa International Airport (MRIA) is a US$ 200 million mega-investment project that has been operational from March this year. Since then it has been at the centre of media attention and controversy. The main criticism is that it is merely a political move and that there is no viable business case. However, there are a few fundamental aspects that need to be evaluated before jumping to any conclusion. Justification of the need for a second airport in the south Although many debate the need for a second international airport in a small country like Sri Lanka, there are many potential benefits. One of the main benefits is the ability to offer airlines... 


Long-term unemployment, the new challenge for many countries

Published : 12:00 am  January 3, 2014  |  Category: Opinion  |  Leave a Comment  |  364 views  |  

Job seekers are finding it increasingly difficult to secure a new job within six months or less, according to the new edition of the ILO’s ‘Key Indicators of the Labour Market GENEVA (ILO News): Unemployment spells for workers are becoming longer in some countries compared to the pre-crisis situation in 2008, according to the new edition of the ILO Key Indicators of the Labour Market (KILM). “Headlines on a recent decline in unemployment rates hide the bitter reality that many jobless workers are finding it increasingly difficult to get into a new job within a reasonable period of time of six months or less,” says Ekkehard Ernst, chief of the ILO Employment Trends Unit. For example,... 


Where does our export power lie?

Published : 12:02 am  January 1, 2014  |  Category: Opinion  |  Leave a Comment  |  628 views  |  

In depth analysis on the export sector, its performance and way forward   In an exclusive interview with Daily FT, Bimputh Finance Plc Director/CEO Kingsley Bernard discussed in detail the performance of the export sector, the issues pertaining to the industry, challenges and the way forward as he sees fit. Bernard is the former Director Marketing of the Sri Lanka Export Development Board (EDB) and Management Consultant of Sri Lanka Export Credit Insurance Corporation (SLECIC). He was also the President of the National Chamber of Exporters of Sri Lanka (NCE) and Chairman of Joint Business Forum of Trade Chambers of Sri Lanka (JBiz). He headed a very successful Sri Lanka-Japan export joint... 


Talent management and digital readiness are among most significant blind spots: Global survey of business leaders

Published : 12:00 am  January 1, 2014  |  Category: Opinion  |  Leave a Comment  |  473 views  |  

A Boston Consulting Group poll highlights striking gaps between executives’ assessments of 15 Critical Business Challenges and their companies’ preparedness to tackle them BOSTON: Business leaders around the world feel least prepared to execute on strategies for driving growth — among them, large-scale transformation, open innovation, digital channels, and talent management — according to a global survey released today by The Boston Consulting Group (BCG). More than 1,000 senior executives across varying regions and sectors assessed how important 15 business challenges are for their companies and how prepared they feel their companies are to address those challenges. BCG conducted the... 


Future development forecasts 2014

Published : 12:00 am  January 1, 2014  |  Category: Opinion  |  Leave a Comment  |  326 views  |  

By Shanta Devarajan, Co-Authors: Homi Kharas, Wolfgang Fengler blogs.worldbank.org: We asked our bloggers and guest bloggers for their predictions for 2014. Here is a summary of seven main themes, which we will re-visit in late 2014 to see how well we did. 1. Global growth will remain robust and tapering by the US Fed will be less consequential to emerging markets than expected (Bhaskaran, Zaman, Raiser).  China will do better than markets predict (Huang), and East Asia will continue to grow with relative stability (Quah). At the same time, the economic policies of some Latin American countries will bring their economies to a breaking point, causing political chaos as well (Gonzalez).  Political... 


14 things every successful person has in common

Published : 12:00 am  January 1, 2014  |  Category: Opinion  |  Leave a Comment  |  475 views  |  

By Dan Schawbel Forbes: I’m constantly interviewing successful people. Since 2007, I’ve spoken to over 1200 CEOs, celebrities, authors, politicians and even an astronaut. When speaking to these individuals, I always notice common traits that they all have, which lend to their success. I’ve boiled all of these into the top 14 things that all of them have in common. 1. They know when to stay and when to leave Successful people know exactly when they should change employers, start a company or fold their company. They have good intuition and aren’t afraid to make hard choices, despite opposing forces. 2. They do more than what’s asked of them They view their job descriptions as just the... 


MRI offers tests free of charge to detect HIV in patients

Published : 12:00 am  December 28, 2013  |  Category: Opinion  |  Leave a Comment  |  558 views  |  

The Medical Research Institute (MRI) has offered to test patients free of charge for the cryptococcal antigen to detect Human Immunodeficiency Virus (HIV). Director of MRI, Dr. Anil Samaranayake has said that highly expensive cryptococcal test to detect HIV that causes AIDS could be done free of charge at the MRI. The official has explained that a majority of HIV positive patients die of immune deficiency and susceptibility to infections caused by an immune system that is compromised by the AIDS virus. When a person has contracted the AIDS virus the patient becomes susceptible to many types of infection and is liable to have many health complications. The most serious condition of HIV positive... 


Mandela: Source of inspiration and a role model on leadership for generations to come

Published : 12:00 am  December 28, 2013  |  Category: Opinion  |  1 Comment  |  368 views  |  

      By Amyn Chatoor Majestic, vivacious, celebrated, sagacious, “Knight in shining armour”, splendid, benevolent, humble and humane, colossus, exalted personality, icon, “great son of South Africa” and the universe, zealous, benign, a freedom fighter who spent 30 years in prison fighting for his countrymen and wiping out Apartheid, a symbol of unity, to his motherland, a rich source of inspiration to generations of his countrymen, a role model. Friends, I refer to, none, other than the late President of South Africa Nelson Mandela, for whom his motherland and the world is mourning today. From a few of his crowning achievements that come to my mind is his imprisonment... 


From corn and beans to tea and cinnamon

Published : 12:00 am  December 28, 2013  |  Category: Opinion  |  Leave a Comment  |  365 views  |  

Following a long war that continues to reverberate, islanders look to the future, said American ag lender Nate Franzen. “People are very focused on building up an economy, he said. In August, Franzen, President of the Agribusiness Division at First Dakota National Bank, Sioux Falls, visited Sri Lankan tea and cinnamon factories. “It looked like they do a lot of manual labor,” compared to the mechanisation of typical American farms, says Franzen. Following is the full text of the article:   ABA Banking Journal: “As a kid growing up on a farm in South Dakota, I never would have foreseen how international our industry has grown,” says Nate Franzen. Yields, markets, and weather around... 


Concern over rising HIV infections among youth

Published : 12:00 am  December 28, 2013  |  Category: Opinion  |  Leave a Comment  |  291 views  |  

IRIN: Sri Lankan health officials have called for a greater focus on youth in the battle against HIV as they become more sexually active and the number of young people contracting the virus rises. “Youth and the risk of infection are two particular areas that we are paying greater attention to now,” Sisira Liyanage, the Director of Sri Lanka’s National Sexually Transmitted Disease (STD) and AIDS Control Program, told IRIN. According to government figures, there are 1,808 (1,083 male and 725 female) people known to be living with HIV in the island nation, an increase over the 1,669 cases (981 male and 688 female) at the end of 2012. In 2013, 20% of the cases were between the ages of 15 and... 


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