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CIPM 4th research symposium focuses on Changing Role of HRM

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The Chartered Institute of Personnel Management (CIPM), Sri Lanka – the nation’s leader in Human Resource Management conducted its 4th research symposium recently with an emphasis on ‘Embracing the changing role of HRM’. The CIPM research symposium is organized to disseminate research and development findings, creativity and innovations in Human Resource Management (HRM) and related areas for the benefit of students, practitioners, academia, researchers, government and non-government officials and the public.

The 4th CIPM research symposium was organized by the CIPM Standing Committee on Applied Research, HR Symposium & HR Publications headed by Dr. Chandana Jayawardena of Peradeniya University who redesigned the symposium in 2019 to enhance the CIPM research culture to materialize the academic efforts of the HRM community in fulfilling the aspirations of the public at large.

The symposium was held from 10 am to 5 pm on July 30. It attracted 80 research papers from the HR community out of which 31 papers were accepted and presented in the Oral and Poster categories. The symposium consisted of the inauguration event, three technical sessions for the categories of HR practitioners, CIPM students and University that were held concurrently, and the panel discussion with HR industry experts. Prof. Ananda Jayawardane-Former Vice Chancellor & Senior Professor, university of Moratuwa was the Chief Guest and the keynote speaker of the symposium. Over 150 online participants including the CIPM president & Council Members of CIPM Sri Lanka, past presidents, members, faculty and CIPM students participated together with a few foreign scholars.

Addressing the participants Jayantha Amerasinghe-President CIPM Sri Lanka illustrated the importance and value of research for a better understanding of the HR issues and problems prevalent in the workplaces and to address these matters with localized solutions. He also commended the involvement and contribution of the CIPM Symposium Chairman- Dr. Chandana Jayawardena and the Standing Committee on Applied Research towards the success of CIPM Sri Lanka. Speaking at the Symposium, Dr. Jayawardena indicated that dissemination of HRM research and development findings will be achieved through the Research Symposium and developing annual compilation of publications making them accessible, transparent, lucid and defendable. Prof. Ananda Jayawardane, the chief guest elaborated on the challenges and opportunities in embracing the changing role of HRM in the keynote address.

The highlight of the symposium was the panel discussion conducted as a plenary session with the participation of industry HR experts. They deliberated on the impact of HR strategies and practices on the effectiveness of organizations. The expert panel consisted of Sunil Dissanayake–CEO, BMICH, Sarath Kumara–HR Director, Camso Loadstar, Sujith Jayasekara–Senior General Manager, Brandix, Ms. Chryshanthi Lokuhetti–Chief HR Manager, Sampath Bank and HR veteran Jayanta Jayaratne as a special guest. The session was moderated by the Symposium Chairman. The three technical sessions reached out to HR Professionals, CIPM Students, and University scholars to broad-base and popularize the concept and importance of applied research in the field of HR. The preliminary findings of the first study undertaken by the CIPM Standing Committee of Applied Research was also presented. The Poster session which was also held online, allowed researchers to present their research through creative, informative digital posters.


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Unlimited music streaming platform in Sri Lanka

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SLT-Mobitel, the nation’s ICT and Telecommunications Service Provider recently partnered with Spotify, to mark their launch in Sri Lanka. Spotify is a paid premium music streaming app which allows subscribers to listen to music to their hearts content. Both, SLT-Mobitel Post-Paid and Pre-Paid customers will now be able to enjoy Spotify by activating a monthly recurring subscription or one-time subscription plan and access unlimited music streaming and downloading facilities.

The subscription charges will get added to the user’s customary billing, where payment will be deducted in real time. Starting from the payment date, the user will be able to access Spotify and download their favourite songs, for the next 30 days. Users who sign up for their first monthly subscription will receive an additional one month, courtesy of Spotify. The one-month subscription plan is not applicable with one-time subscription plans. SLT-Mobitel data rates, depending on the user’s respective broadband charges, will apply.

Spotify also has some exciting features that will provide SLT-Mobitel customers with the opportunity to listen to ad-free music, access millions of uninterrupted music under one platform, play any song they like, anywhere they go, and also be able to enjoy their music offline.

SLT-Mobitel customers can select their preferred premium package under four categories; Individual, Duo, Family, Student. Each category has recurring and non-recurring plans. After one month of free streaming, the package will activate once the offer period terminates. While both, the Individual and Student premiums are limited to one account user, the Duo package offers two accounts and the Family premium is accessible through six accounts. To view Spotify plans, users can log on to https://spoti.fi/3aLWvce

 

 

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Sri Lanka using ‘sovereign power’ over economy: CB Governor

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by Sanath Nanayakkare

Anyone conversant with the elements of a political economy would know that Sri Lanka is using its ‘sovereign power’ to manage the different dynamics of the economy in a sustainable manner, Professor W. D Lakshman Governor of the Central Bank said on Wednesday.

“Some critics are saying that we adopt a so-called modern monetary theory. That’s not the case. In fact, Sri Lanka is using its sovereign power in a number of economic aspects to honour its external debt repayment commitments as well as to reduce its debt burden in the medium term as well as achieve resilient growth in the medium to long term, he said.

“We make policy decisions to boost our gross foreign reserves, meet our external debt servicing, to facilitate monetary expansion, to boost our GDP growth, to strengthen our current account balance and manage our domestic and external economic variables in a sustainable manner. This is not a modern monetary theory. This is an age-old tool used by central banks around the world when the circumstances demand it, he said.

“Certain trade-offs will be necessary when dealing with an economy which has a big fiscal gap to bridge. There are efforts to push Sri Lanka towards the IMF again which would in turn have influence on our policymaking. We have taken policy measures to stabilize the economy and we have adequate reserve levels to meet our debt repayments. Meanwhile, we are in negotiations with overseas central banks and multilateral agencies to further boost our reserve level and it would materialise within a matter of weeks,” he noted.

“One of the tools the Central Bank has introduced is in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lankan rupees in order to strengthen the foreign exchange situation of the country,” he said.

The Governor made these remarks while delivering the keynote speech at a webinar organised by the Veemansa Initiative led by its Managing Director Luxman Siriwardene – the former Executive Director of Pathfinder Foundation.

The webinar revolved round the topic ‘External debt situation in Sri Lanka: Are we heading for a resolution or crisis?’

Professor Sirimal Abeyratne, Prof. Sumanasiri Liyanage, Dr. Nishan de Mel and Dr. Ravi Liyanage were the other speakers on the panel.

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CSE on the rebound; indices close positive

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By Hiran H.Senewiratne 

CSE produced signs of a rebound yesterday with both indices closing positive, though turnover remained low. Central Bank Governor W.D Lakshman’s recent statement on managing foreign reserves gave some boost to the market yesterday, stock market analysts said.

 The index experienced a zigzag movement within the early hours of trading; thereafter, it recorded a slight up-trend as it reached its intraday high of 7,439. Later, the market witnessed a down-trend at mid-day, followed by a sideways movement and closed at 7,372, gaining 43 points during the month of February, market sources said. 

It is said the banking sector dominated turnover with a contribution of considerable  parcel trades in Sampath Bank, Commercial Bank  and HNB.

Further, the Commercial Bank’s impressive quarterly results during the recent turbulent period also built investor  confidence. Commercial Bank was able to register a18 percent net interest income when other banks were reporting a decline. Its share price increased by Rs. 3 or 3.5 percent. On the previous day, its shares started trading at Rs. 85 and at the end of the day they moved up to Rs. 88. Due to the positive growth results, the bank announced a Rs. 4.40 dividend per share, plus a Rs. 2 script divergent for every share.

Further,  Sampath Bank shares also appreciated in both crossing and retail. In crossings its shares appreciated by Rs. 1.At the end of the day they moved up to Rs. 154.50. In the retail market, its shares moved up by Rs. 2 or 1.3 percent. Previously, its shares fetched Rs. 154 and at the end of yesterday they moved up to Rs. 156.  

Amid those developments, both indices moved upwards. The All Share Price Index went up by 104.48 points and S and P SL20 rose by 67.78 points. Turnover stood at Rs. 3 billion with four crossings. Those crossings were reported in Sampath Bank, where 3.9 million shares crossed for Rs. 602.2 million, its share price being Rs. 154.50, HNB 375,000 shares crossed for Rs. 39.4 million, its shares traded at Rs. 105, Pan Asia Power 9.5 million shares crossed for Rs. 33.2 million, its shares traded at Rs. 3.50 and Access Engineering 1.2 million shares crossed for Rs. 28.2 million; its shares traded at Rs. 24.

In the retail market top five companies that mainly contributed to the turnover were, Expolanka Rs. 450 million (10 million shares traded), JKH Rs. 205 million (1.3 million shares traded), Browns Investments Rs. 199 million (34.9 million shares traded), Sampath Bank Rs. 191 million (1.2 million shares traded) and Dipped Products Rs. 137.7 million (2.8 million shares traded). During the day 101 million share volumes changed hands in 18046 transactions. 

During the day, Expolanka, the biggest contributor to the turnover, saw its share price appreciating by Rs. 6.20 or 15 percent. Its share price quoted on the previous day was Rs. 41 and at the end of trading yesterday it moved up to Rs. 47.

Sri Lanka’s rupee quoted wider at 193.50/195.50 levels to the US dollar in the spot next market on Thursday while bond yields remained unchanged, dealers said. The rupee last closed in the spot market at 194.50/195.00 to the dollar on Wednesday.

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