President CIPM Sri Lanka-Jayantha Amarasinghe (3rd from left) with Admiral Piyal de Silva and CIPM officials
CIPM Sri Lanka – the nation’s leader in human resource management, recently celebrated the appointment of its Chartered Member – Admiral (Retd) Piyal de Silva, former Commander of the Sri Lanka Navy as ambassador to the Islamic Republic of Afghanistan.
The event was held at the CIPM Head Office “HR House” in Colombo 5 in the presence of the Jayantha Amarasinghe-president, CIPM Sri Lanka and other key officials of CIPM including Priyankara Seneviratne-Hon. Secretary of CIPM, U.A.C. Obeyesekere-Chief Executive Officer CIPM and G. Weeratunga-Director Professional & Academic Affairs.
Speaking at the occasion, CIPM Sri Lanka president-Jayantha Amarasinghe said, “We are honored that former Commander of the Sri Lanka Navy – Admiral Piyal de Silva, CIPM Chartered Member and outstanding human resource professional has been appointed to the high post of ambassador of Afghanistan. We are confident that he will keep the Sri Lanka flag and CIPM flying high in Afghanistan”.
“My human resource management capabilities have helped me throughout my career, and I am honored to be a Chartered Member of CIPM. I will carry CIPM wherever I go” said Admiral Piyal de Silva.
A celebrated officer with an illustrious career, Admiral Piyal De Silva was appointed the 23rd Commander of the Sri Lanka Navy on January 1, 2019. Having joined the Sri Lanka Navy in 1984, Admiral de Silva held a number of key positions including Chief of Staff of the Navy, Director General Operations, Flag Officer Commanding Naval Fleet and Commanding Officer of a number of ships, crafts and establishments during his naval career. Admiral de Silva graduated with a master’s degree in Human Resource Management as well as a master’s degree in Defense & Strategic Studies. An avid sportsman having represented the Sri Lanka Navy in 6 sports disciplines, he was awarded Navy colors for basketball having represented the national basketball team for the SAF Games and Asian Championships.
SLT-MOBITEL AkazaLMS enables corporate employee capability development
As SLT-MOBITEL, the National ICT solutions service provider, continues to play a pivotal role in driving Sri Lanka’s digital transformation through its Cloud-managed offering, SLT-Mobitel AkazaLMS takes centre-stage as the nation’s leading Learning Management System (LMS). SLT-Mobitel AkazaLMS offers a unique, locally developed, comprehensive enterprise learning solution designed to cater to diverse training needs without compromising on quality.
Commenting on the initiative Chief Enterprise & Wholesale Officer of SLT, Lakmal Jayasinghe said “Especially in today’s competitive environment where human capital is more important than ever, companies need to create a learning strategy that aligns to robust curricula, employing relevant and available learning methods and technology. Addressing this need, SLT-Mobitel AkazaLMS Cloud is an enterprise e-learning solution hosted in Sri Lanka on the top of a private cloud, providing corporate and institutional customers the ability to deliver their own learning material to their users with zero cost infrastructure. With greater convenience and without additional IT resources, customers have access to their own training needs via a simple web browser”.
Empowering corporates and educational institutes, SLT-Mobitel AkazaLMS is a comprehensive locally developed platform, containing a self-portal where the user develops their own e-learning and purchase it as a SaaS product. Especially during these challenging times, when classroom lectures are not possible and distance learning methods vital, the SLT-Mobitel AkazaLMS facilitates exams, assignments, quizzes, etc. tailor-made and customised for corporates and educational institutes targeting their own specific needs.
LIOC shows stability in earnings and margins compared to volatility during previous years
First Capital expects stability in LIOC earnings and margins ahead, compared to the significant volatility witnessed during the previous years.
“With the new pricing formula, we expect a stable outlook for LIOC which is currently trading at a TTM PER of 7.5x on FY22 earnings while also trading at a PBV of 1.5x”, they said.
“The government’s implementation of the new fuel pricing formula on 24th May 22 includes all costs incurred in importing, unloading, distributing to the stations and taxes. With that, fuel prices will be revised on a monthly basis, and if necessary, it will be reviewed every two weeks. Accordingly, the next price revision was scheduled for 24th Jun 22. Considering the price revision, In addition to that, Sri Lanka’s Cabinet has approved a bill to impose a 2.5% tax on companies with an annual turnover of LKR 120.0Mn, which will only have a marginal effect on company margins.”
“With regards to investment in joint venture, LIOC has invested in Trinco Petroleum Terminal (Pvt) Ltd (TPT) in Jan-22 and acquired 49% of the stake with CPC which holds 51% of the ownership of TPT in order to develop 61 tanks at the Trincomalee Oil Tank Farm and allied facilities in the Upper Tank Farm of the China Bay Oil Tank Farm. Also, LIOC has entered into a Lease of State Land with the Government of Sri Lanka for a term of fifty years to develop the Lower Tank Farm of the China Bay Oil Tank Farm,” First Capital said.
Apprenticeship programme in partnership with Hatch MakerStudio and Vocational Training Authority
The next generation of Sri Lanka’s industry workforce is currently studying at Technical and Vocational Education and Training institutes (TVET) all over the country. Since the manufacturing technology is under permanent development, the requirements for TVET graduates have also evolved. In order to address the industry’s needs for skilled and competent workers, the Vocational Training Authority and Hatch MakerStudio have joined forces to pilot an innovative apprenticeship programme.
The apprenticeship programme is designed for students in the field of mechatronics, robotics, automation and CNC-technologies and is focusing on the upskill, entrepreneurial mindset and problem solving capabilities. Together with industry partners, the selected apprentices will undergo a one month training programme at Hatch MakerStudio before being placed in the companies. The programme comprises of:
Product development training
Software and rapid prototyping training
Problem solving and design thinking exercises
During the course of the apprenticeship, Hatch MakerStudio will provide supervision and support for both the apprentices and companies, in order to ensure effective skills development and utilization of working power. Students with their own specific product ideas and business models can choose Hatch MakerStudio as their place of apprenticeship.
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