APIIT MBA dissertations on the theme “Re building Sri Lanka”
View(s):One of the most powerful Study programmes in Sri Lanka – The Asia Pacific Institute of Information Technology( APIIT) MBA powered by Staffordshire University( UK) shouldering almost three hundred top professionals is taking the high ground with the final year dissertations focusing on projects on the theme ‘ Re – building Sri Lanka’ said Dr Rohantha Athukorala Director of APIIT and head of the postgraduate School in Sri Lanka. Countries are built by people and not by politicians and we are taking the proposition that we must give leadership to the country he voiced.
Harvard Alumnus Dr Rohantha Athukorala
The key note address at the launch of the Rebuild Sri Lanka Dissertation drive was delivered by Dharmasiri Kumaratunge – Assistant Governor Central Bank of Sri Lanka who outlines the thrust industries of the country in the next 3-5 years but also shared the ground reality on the GDP, Consumer confidence issue and how the private sector can support the country face the bankruptcy challenge. The MBA lead from Staffordshire University Dr Bharati Singh congratulated APIIT for taking the bold move to support the country. ‘ The training that a MBA student has received during the MBA tenure can now be tested on how we can give solutions to country problems. It’s the litmus test said the top academic Dr Bharati from Staffordshire University.
Harvard alumnus Dr Athukorala giving a in-depth analysis shared how the Sri Lankan economy has shrunk by 8.2% last quarter whilst the interest rates has increased from 8% to 32% which means that businesses cannot access capital from the bank unless one was making super natural profit. He went on to state that The dollar rate which was at Rs. 203/- is today at Rs.370/- which means that a products raw material and packaging cost has virtually doubled. From November onwards the corporate tax which will be at 30% means that, doing business in Sri Lanka will be near impossible unless the retail price is increased. The food inflation which was at 85.8% whilst non food items moved up to 62.8% in September,2022 will lease to enormous pressure in the consumer wallet. We now need some creative strategies to rebuild the country he said citing Focusing on Free Trade Agreements( FTA’s) with other countries to increase the production of apparel, tea, rubber, spices are some strategies that must be pursued whilst driving local production of vegetable will ensure food security are some suggestions already practices by countries like Egypt he said.
Dr Athukorala then shared some interesting consumer behaviour trends from the market place. Apparently the latest reseach insights report that over 50% of the households state that they cannot afford to purchase full cream milk powder and Biscuits. To be specific 67% say that they cannot afford to buy cream biscuits and 50% plain biscuits he said. He also cited that almost 35% of the households are reducing the quality purchased of full cream milk powder, whilst 21% are moving to smaller packs whilst 18% have stopped the purchase of full cream milk powder( FCMP). Which means that we must find ways to sustain business which is what we are expecting from the dissertation reseach that will be presented by the MBA students commented Dr. Athukorala.
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