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Cut through the BS and focus on What’s Real

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by Sarinda Unamboowe

My corporate career now enters its 33rd year. Apart from the fact that many of you reading this were not even born, my career began at a time when mobile phones didn’t exist, neither did e-mail; most communication took place either by ‘snail mail,’ telephone or via what was then a miraculous new technology, the fax machine.

During this time, I have had the privilege of working in some great organizations under some inspirational leaders. On this journey, the greatest privilege I have had is to have been given the responsibility of ‘starting up’ two companies — one as a green field project and one a brown, both of which I am proud to say are considered global leaders in their space.

I hope to document the experience of setting up such organizations at a later date; however, this note is a reflection on some of the conversations I have had with many of the very smart people I have worked with and a common thread that has weaved its way through many of their thought processes.

I like to set up times to have chats with small groups of my colleagues. In one organization, it was to welcome them as new recruits, and in the other, to clarify the path the ‘new’ organization was heading down, and in both, to answer any questions they may have.

One of the common questions I would ask both groups was, “why did you want to work in this organization?” And the answer almost always something on the lines of “working for this group has been a dream of mine,” and “I want to be a part of the success of this company,” etc. I probe further, “what’s the real reason?” and usually I get a bewildered look back, but the truth is, we all have a deeper reason as to why we pick jobs. So when they persist with their answers of love for group, company or wanting to be part of a winning team, I look at them and say “that’s a lot of Bull Shit” and laugh, the looks I get are pretty comical.

This is not done with the intention of humiliating or belittling anyone, but it has been a method of ‘shock value’ that was used primarily to bring the focus on the true meaning of why we work.

We work for the betterment of our own lives. The fact is, we all have a deeper need that drives us to seek suitable employment and most times we lose focus on that. While it’s important to enjoy your job and to find fulfilment in that role you play, the true success of our effort is in achieving our personal goals.

Granted for some, this could be linked closely to the organization’s goals, but for most, it would link to a milestone they hope to reach in their life. Building your own home, being able to give your children a good education, traveling, buying a vehicle, or even ensuring health & safety needs are taken care of, are all priorities that we place in our lives. Therefore, while I perform to the best of my ability at my chosen job and ensure my contribution is relevant, meaningful and of value to the organization, I ensure I don’t lose focus on what’s truly my measure of success.

The career we chose is the vehicle we travel on to achieve our life goals. Our effort, commitment, skill, etc. in how we execute those roles, will, in a fair and structured organization, help us succeed and progress in our career, thus giving us the opportunity to stay on track with our life plans. If not, don’t hesitate to switch job roles or organizations.

Have a dream, have a plan, commit yourself to working smart and achieve success in your career, but never lose focus on the factors that true success is measured by — your life’s journey. Make that the ultimate barometer for all you do.



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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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