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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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Galadari Colombo awarded ‘SLIM People’s Hotel Brand of the Year 2021’

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The Galadari Colombo was given a thumbs up from the people as the People’s Hotel Brand of the Year for the second time running at the recently concluded SLIM (Sri Lanka Institute of Marketing) People’s Awards 2021.

The uniqueness of the SLIM People’s Awards is the fact that it is awarded by the public which shows the popular choice of the Sri Lankan people.

This is the 15th successful running of the much-anticipated event conducted by SLIM in association with Nielsen which is globally renowned for its measurement and consumer insights.

Having stood the test time of time in the hospitality industry for more than 3 decades the Galadari Colombo is hopeful to remain in the hearts of its people as a brand that is trustworthy and dedicated to service.

 

 

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Expatriates’ organization painting competition for Sri Lankan children from care homes highlights close India-Sri Lanka ties

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Celebrating 75 years of India’s independence in Sri Lanka, Sri Lankan children from care homes converged in Colombo from all across Sri Lanka over 10-11 April 2021 for the final round of the nationwide painting competition organized by Colombo Expatriates Cultural Association (CECA) – a voluntary organization of expatriates consisting of mainly Indians – with support of the High Commission of India, Ministry of Education of government of Sri Lanka and several other partners.

Prof. G.L Peiris, Minister of Education was the Chief Guest and Gopal Baglay, High Commissioner of India was the Guest of Honour at the final round. Several other dignitaries including State Minister Piyal Nishantha were also present. The dignitaries lauded the effort as a shining example of strong people-to-people ties between India and Sri Lanka and stressed the enormous significance of the enriching experience for the children.

The competition was held in three categories – Sub Junior, Junior and Senior. The first round of the competition had seen enthusiastic participation of 4,375 students from child care homes across Sri Lanka. Contestants from all provinces who had produced sixty best paintings were invited along with one care-giver for the final round held in Colombo on April 10 at Hotel Taj Samudra. While top three winners in all the three categories were awarded SLR 100,000, SLR 75,000 and SLR 50,000 respectively in addition to various other gifts, certificates and medals, all the 60 finalists received cash awards, desktop computers, and other gifts contributed by various sponsors.

The event also formed part of ‘India @ 75’ celebrations in Sri Lanka which comprise events and activities in the run up to completion of 75 years of India’s Independence in August 2022. Prime Minister of India Shri Narendra Modi had launched these celebrations in India on March 12 2021, 75 weeks before the 75th Anniversary of Independence. In Sri Lanka, formal launch of these celebrations had taken place on April 9 2021 with the inauguration of ‘India Corner’ at the Nagananda Institute for Buddhist Studies.

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Chrissworld to raise Rs. 56.25 million through IPO

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By Hiran H.Senewiratne 

Chrissworld Ltd. (CWL), an SME company  engaged in the provision of third-party logistics (3PL) services, is gearing to raise up to Rs. 56.25 million via an initial public offering (IPO) on the Colombo Stock Exchange, sources said.

The company plans to offer 7,500,000 Ordinary Voting Shares for subscription at Rs. 7.50 per share. The subscription will open on April 27, with Atara Capital Partners representing the company as managers to the issue.

Meanwhile, the CSE noted in a statement that it has approved an application submitted by Chrissworld Ltd. for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE.

The company,  starting off with Rs. 6 million capital in 2019, expanded its capital to Rs. 22.5 million and projects to obtain Rs. 79 million after the IPO.

Chrissworld will be earmarking milestones with the IPO as the first to be listed on the Empower Board, CSE’s newest listing platform, dedicated to SMEs. Further, Central Depository Systems (Pvt.) Ltd., a subsidiary company of CSE, will step in for the first time as the registrar to the issue.

Amid those developments the CSE  started  on a bullish note yesterday and during the latter part of the day with heavy retail investor participation the CSE witnessed a bullish trend. It is said that manufacturing sector counters became the most popular stocks during the day. Notable price appreciation was reported in Hayleys Group, Royal Ceramic Group and  Distilleries.    

Both indices moved upwards. The All Share Price Index went up by 100.10 points and S and P SL20 rose by 49.18 points. Turnover stood at Rs. 3.51 billion with a crossing. The crossing was reported in JKH, which crossed 1.32 million shares to the tune of Rs. 199.3 million and its share price was Rs. 151.

In the retail market, companies that mainly contributed to the turnover were; Royal Ceramic Rs. 511.2 million (1.46 million shares traded), Expolanka Holdings Rs. 359.9 million (4.5 million shares traded),  Hayleys Group Rs. 359.9 million (4.5 million shares traded), Dipped Products Rs. 321 million (5.5 million shares traded), JKH Rs. 290 million (1.9 million shares traded), and Haycarb Rs. 177 million (1.5 million shares traded). During the day 87.8 million share volumes changed hands in 23900 transactions.

Hayleys shares appreciated by Rs. 6 or eight percent. Its shares started trading at Rs. 75.90 and at the end of the day they moved to Rs. 82. Royal Ceramic shares appreciated by Rs. 13.5 or nine percent. Its shares started trading at Rs. 328.25 and at the end of the day they moved to Rs. 358.75. Expolanka shares appreciated by Rs. 2.70 or five percent. Its shares  started trading at Rs. 49.70 and at the end of the day they shot up to Rs. 52.40 and Distilleries shares appreciated by 70 cent or 3 percent from Rs. 20.20 to Rs. 20.90  

Sri Lanka’s rupee quoted steady at 202.00/203 to the one month US dollar Monday, while gilt yields remained unchanged, dealers said.

The rupee last closed in the one-week forward market at 202/203 to the US dollar on Friday. Sri Lanka markets were dull as seasonal bliss kicks in.

 

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