Connect with us

Business

Boost for export sector officials’ analytical skills

Published

on

The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka successfully completed a specialized training in September for 15 public sector officers and researchers on the globally acclaimed statistical software package STATA.

The ITC – a joint agency of the World Trade Organization (WTO) and United Nations (UN) – conducted the training as part of the European Union (EU) funded EU–Sri Lanka Trade-Related Assistance Project, to empower participants and enhance their empirical analysis skills to drive Sri Lanka’s post COVID-19 economic and trade revival.

The training, conducted by University of Colombo Senior Lecturer Dr. Priyanga Dunusinghe and Dr. Dilini Hemachandra, Senior Lecturer at the University of Peradeniya, kicked off in February 2020 and spanned across 19 highly concentrated sessions over a seven-month period. Officers belonging to the DoC, Export Development Board (EDB), Department of Trade and Investment Policy (DTIP) and Board of Investment of Sri Lanka (BOI) participated in the training.

STATA is a powerful statistical software that enables users to analyze, manage and produce graphical visualizations of data. During the training, participants were educated on leveraging STATA to conduct a wide range of trade policy related analyses on trade flows and tariffs as well as economic modeling, general equilibrium and partial equilibrium. With their newfound knowledge and skill capacities, the participants were assigned research projects covering key export sectors such as spices, tea, textile & apparel, fisheries, rubber and electronics.

These STATA-analyzed research findings on the impact of COVID-19 on Sri Lanka’s export sector were presented by the participants during the final session of the training, which was attended by Ananda Dharmapriya – Acting Director General of Commerce of the DoC, Ms Kumudinie – Director/Policy & Strategic Planning of the EDB and Dr. Dayaratna Silva – National Project Coordinator of the EU-Sri Lanka Trade-Related Assistance Project.

Speaking about the initiative, Dr. Silva mentioned that this training was organized following an initial request by the DoC and the objective was to enhance the analytical capacities of officers in undertaking empirical research in their day-to-day work, using STATA as a statistical tool.

Also expressing his views, Dharmapriya commented, “It is highly commendable that the STATA training was successfully completed despite unprecedented challenges that resulted from the COVID-19 pandemic. We believe that leveraging a powerful statistical tool such as STATA will not only provide a crucial skillset in terms of career development and analytical capacities for our staff, but also greatly enhance the efficiencies across our trade-focused institutions. I thank the EU, the ITC and the trainers for their efforts in funding, organizing and implementing this training,” he said.

All participants were awarded certificates from the ITC upon their successful completion of the training.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

New look Chagall opens at Park Street

Published

on

Chagall opened its doors at Parkland on Park Street Colombo 2 , with Gerald Solomons, personally welcoming all his clients and the media to the brand new Chagall. 

Gerald who established Chagall as Sri Lanka’s most elite and fashionable salon, despite the prevailing situation with the pandemic and the existing restrictions, displayed his usual flair and panache, greeting everyone with the socially correct ‘ayubowan’ and ensuring that each and everyone present was made to feel special and welcome.Continuing the bold colour scheme of red, black and white, Gerald like his muse Marc Chagall, has a wide range of styles that can cater to an eclectic clientele.

The artist Chagall saw his work as “not the dream of one people but of all humanity”; similarly Gerald through his salon Chagall would like to transform each and every person who walks in through his door, so that they leave transformed, with a new confidence in themselves and their appearance.

Mrs World Caroline Jurie, clients and well wishers, keeping in mind health guidelines made their way to Chagall at Parkland on October 20 where Gerald and his team reaffirmed their commitment to their clients and the beauty industry, to continue upholding the highest standards and maintain all safety measures and health protocols.

Having established himself and Chagall as the hairdresser / stylist and salon of the elite, Gerald’s doors are open to anyone who wants to look good and different to those around them. ” Our doors are open to everyone who wants to look good, who wants to make a statement and who dares to bedifferent” said Gerald .Manicures, pedicures, long and short hair cuts and styles, make up, facials,bridal dressing, sari drapes and the whole gamut of services will beavailable, all in brand new surroundings.All staff have undergone intensive refresher courses with Gerald beinginvolved in their training himself. 

Known for his cool demeanor and eclectic style, Gerald started hairdressing at the age of 15 having left school, determined to make an impression in the world of hair, beauty and style! He joined  Moira Muthukrishna where hiscareer in hair dressing began and today he is a living legend. Chagall was set up in New Zealand where Gerald lived for over 20 years and then moved back to Sydney where Chagall continued. Gerald has also worked in Hawaii, Australia and London.Chagall.

 

 

Continue Reading

Business

CSE indices pick up as trading yields Rs. 1.09 billion

Published

on

By Hiran H.Senewiratne

The  stock market on Monday suffered a near 2 percent  decline as investors reacted negatively to the sharp spike in COVID-19 cases in the second wave. Moreover, current investor favourite counters,  Tokyo Cement and Expolanka shares, also slightly declined in trading due to the current situation, market analysts said Amid those developments, both indices moved upwards yesterday. The the All Share Price Index rose by  15.74 points  and the S&P SL 20 Index was up by 8.73 points. The market managed to post Rs. 1.09 billion, safeguarding its track record of over a billion plus turnover for more than a month. But no crossings were reported during the day. 

In the retail market, top five companies that mainly contributed to the turnover were: Tokyo Cement (Non Voting) Rs. 160 million (3.2 million shares traded), Expolanka Rs. 187.6 million (7.8 million shares traded), HNB Rs. 99.8 million (881,000 shares traded), Tokyo (Voting) Rs. 86.7 million (1.47 million shares traded) and Dialog Rs. 69.5 million (6.34 million shares traded). During the day  55.3 million share volumes changed hands in 12620 transactions yesterday.

The market also lost Rs. 44 billion in value with blue chips JKH, Carsons, Ceylon Tobacco, Bukit and Distilleries as major contributors to the ASPI’s dip on the previous day.  Some analysts linked the lacklustre trading and sentiment to the quarantine curfew imposed in Fort and Pettah which caused a shutdown of offices and businesses in the area. 

 

 

Continue Reading

Business

Initiative to support startups in Sri Lanka

Published

on

Microsoft for Startups recently launched the Highway to a 100 Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where only 56 startups were selected to the Emerge X program from six states, which have over 15000+ startups. The Emerge X winners have greatly benefited with global market access support, a 3-day founder bootcamp with world class mentors, access to funding, ongoing mentorship, and guidance on Azure, artificial intelligence, machine learning and more.

Innovation is critical to unlocking inclusive economic growth in Asia Pacific; high income economies in the region invest three times more in research and development as compared to their peers. To spur innovative entrepreneurship, Microsoft will work closely with governments and industry partners to discover and nurture technology startups with a high potential to become truly global enterprises in the future.

“At Microsoft, we are working to build up a more supportive ecosystem for startups in Sri Lanka,” said Hasitha Abeywardena, Country Manager, Microsoft Sri Lanka and Maldives. “Startups play a vital role in our economy as innovators, disruptors and first-movers. Sri Lanka needs more entrepreneurial development to fuel economic growth. Through Highway to a 100 Unicorns, we will enable startups in Sri Lanka to drive digital innovation in the region. We look forward to walking with founders along their growth journey and supporting them to scale and achieve more.”

Continue Reading

Trending