google.com, pub-5012522416583791, DIRECT, f08c47fec0942fa0 google.com, pub-5012522416583791, DIRECT, f08c47fec0942fa0 Colombo Stock Market Financial Research google.com, pub-5012522416583791, DIRECT, f08c47fec0942fa0
google.com, pub-5012522416583791, DIRECT, f08c47fec0942fa0

Sunday, September 2, 2018

An impact of internet-related communications on employee’s good practices in corporate sector


The prime target of this research article is to investigate the impact of internet-related communications on employee’s good practices in the corporate sector in Sri Lankan context. With the rise of the internet-related communication system, electronic mailing method was widely spread among corporate entities. While email has been seen as a method for expanding authoritative coordination and responsiveness, the utilization of electronic correspondence has a dim side to it.

This survey examined cyber incivility in the workstation of Sri Lanka and also examined its impact on employee job satisfaction, organizational commitment, quit intention. Data were collected from 65 employees. Results of the study displayed that male boss/supervisors engaged in active forms of cyber-incivility while female boss/supervisors engaged in passive cyber incivility. Regression analyses also displayed that cyber-incivility was negatively related to organizational commitment and employees’ job satisfaction. Employees who suffered cyber incivility were also more likely to quit their jobs. Thus, cyber incivility has negative consequences on both organizations and individuals.

Thursday, August 30, 2018

AN ANALYSIS OF CHALLENGES AND BARRIERS IN IMPLEMENTING BASEL III IN THE LICENSED COMMERCIAL BANKS OF SRI LANKA


Since the early days of banking, it was identified that a uniform regulatory framework needs to be introduced to safeguard the global financial sector. With the exponential increase of international trade during the 2nd half of the 20th century, the need for international regulations for banking was more evident.
The Basel Accord has its origins in the financial turmoil of 1973. After the collapse of Bretton Woods’s system of managed exchange rates, banks worldwide faced considerable foreign exchange losses which led to banking supervisors globally to formulate a regulatory framework for the banking sector.
As a result the Basel Committee of Banking Supervision formulated a minimum set of requirements for the operation of banks in 1988 and the G10 countries adopted this framework in 1992. This accord was heavily criticized in subsequent years for measuring risk only in terms of credit. This resulted in the introduction of Basel II which had a more wide angled approach to risks faced by the banking sector. However with the financial crisis that occurred in Western Countries in 2007; the need of putting forward a new accord to replace Basel II was identified. The Basel III was first introduced in 2010/11 and was modified in 2013. This accord gives emphasis to areas like Capital Adequacy, Stress Testing and Liquidity Coverage.
As the March 2019 deadline for Basel III compliance looms ever closer, banks across the globe including Sri Lanka race against the clock to meet the requirements outlined by Basel III. In this research the main barriers and challenges faced by Licensed Commercial Banks in Sri Lanka and their relationship for the successful implementation of Basel III will be identified. Further methods to overcome these barriers and challenges will be briefly discussed.
Primary and Secondary data was collected and analyzed using statistical and other methods to prove/disapprove the objectives of the research. SPSS software was used for the statistical analysis of data. The outcome of the data was used to test the 6 Hypotheses developed in Chapter 3 of this research and the steps that can be taken to overcome these were briefly identified.  

Wednesday, August 15, 2018

Effective Information Communication Technology Education in Rural Schools of Sri Lanka


ICT has been used as a model for education in many parts of the world. At the end of the conflict in 2009, the Government of Sri Lanka embarked on an e-Sri Lanka initiative aimed at introducing ICT across several sectors. The education sector received substantial investment in ICT however only a section of this sector was targeted. This study explores the barriers of introducing and implementing ICT education in the rural areas of Sri Lanka and how these barriers could be overcome.
The study was pursued by reviewing published literatures of authors to identify barriers of introducing and implementing ICT and also looked into suitable options for ICT implementation and further focused on the sustainability of these models.
Given the unique characteristics of the secondary education sector in Sri Lanka and in particular those in the rural areas, the study required a focused data gathering process to understand the factors that affect ICT in the rural schools. A set of questions were developed using the literature review and three schools were assessed.This data was used to develop into three unique case studies in order to understand the unique characteristics that affect ICT in these rural schools and if they fall in line with the variables identified in the literature review.
The analysis of the case studies together with the variables identified from the literature review provided the basis for developing the conceptual framework for the study. The target population for this study were Teachers and Principals in the rural schools of Trincomalee representing the rural population in Sri Lanka. A combined sample of 70 teachers and principals were considered for this survey across 20 schools in the district. A questionnaire was developed in line with the identified variables to understand the prevailing context in the rural schools. The data gathered was processed using SPSS Software. The results indicate that internet access, resources, personnel and security are essential for introducing and implementing ICT education in the rural areas.
The artefact was designed in line with the results and tested at random and results are presented.

Background to the Research

Sri Lanka’s education sector is catered to by a mixture of nation-wide network of state supported, private and international schools. Primary enrolment of boys and girls is well above 90 per cent and secondary enrolment rate stands at over 80 per cent making the country one of the more successful nations in providing educational opportunities to all segments of its population (World Bank, 2011). However these statistics largely belie the severe vulnerability students’ face in some of the more rural areas of the country.
For nearly three decades the country was plagued by a bitter civil war that claimed the lives of thousands and destroyed the livelihoods of many. In 2004, several coastal areas of the country were shattered by the Indian Ocean Tsunami that further worsened the economic conditions of the people.
In May 2009, the Sri Lankan Government declared the end to the conflict with nearly 300,000 civilians being housed in temporary camps waiting to be resettled back in their homes. The end of the war saw aid pouring into the island, creating a platform for post war development.
Since then the Government has embarked on mega infrastructure development projects; constructing roads, harbours and airports with a view to increasing economic development. In line with his election manifesto; the Mahinda Chinthanaya, (Department of National Planning Ministry of Finance and Planning, 2006) the President declared the year 2009 as the Year of English and IT as part of encouraging the creation of a knowledge society in Sri Lanka (Ministry of Education, 2009).
The Government introduced the e-Sri Lanka Initiative together with the Information and Communication Technology Agency (ICTA) of Sri Lanka to develop the economy of Sri Lanka, reduce poverty and improve the quality of life of the people (ICTA, 2009). Several projects were implemented under this initiative under various sectors.
The ‘Nenasala’ (Knowledge Centre) Project implemented by the Government together with the ICTA aims to provide Rural Knowledge Centres, e-Libraries, Distance and e-Learning Centres and Tsunami Camp Computer Kiosks. The initial phase of the project was implemented in 13 districts across the island. However this particular project had a selection criterion; where the selected division of the village needed to have a population of between 2000-5000 people, presence of a market with at least 15 wholesale vendors, presence of electricity and a type 2 school with at least 300 students (Nenasala, n.d.).
This meant that nearly 50 per cent of the schools (4,910) were not eligible to participate in the programme as they had less than 300 students (Ministry of Education, 2006).
The Ministry of Education together with the Asian Development Bank (ADB) implemented the Secondary Education Modernization Project (SEMP) aimed at connecting most of the secondary education schools and other related organizations on a wide-area network (WAN). The initial phase of the project was to connect 1000 schools, set up 100 computer resource centres and 8 provincial ICT centres. The services offered included IP-VPN technology, bandwidth connections, web hosting and filtering etc.
However in order for a school to join the project they needed to have the most basic infrastructure such as computers. This meant that most rural schools which did not possess this infrastructure were not part of the project.
Therefore a large number of rural schools lack not only the basic infrastructure for ICT education but basic educational requirements itself, such as teachers. Through the use of ICT these gaps can be fulfilled to a large extent depending on the type and nature of the problem at hand.
ICT has been used as a model for education in many parts of the world. Despite the developed countries exploiting its use exponentially, third world countries have been unable to keep up with the pace. (Valentine & Holloway, 2001) state that the potential of ICT to alleviate rural marginality is also recognized in education funding initiatives. The literature also suggests that ICT has been used in a variety of areas and to suit different purposes and needs of the culture (Vorakulpipat et al., 2010).
However the barriers vary from region to region and sometimes from country to country. Despite this the application and use of ICTs, have tremendous potential for improvements in every sector including education(Mansotraet al., 2009). On a broader perspective, researchers have found a few underlying reasons for the lack of ICT in the rural areas

JAT Holdings PLC

  ABSTRACT   This report presents a comprehensive analysis of five consecutive annual reports of JAT Holdings PLC, a leading company...