LMD | Sri Lanka Business Magazine

LMD JUNE 2025 – COVER STORY

She describes herself as a ‘chill person’ – someone who doesn’t take life too seriously, yet is deeply committed to what she loves

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BUSINESS SENTIMENT

The month of May proved to be eventful both locally and globally, with unnerving political, economic and social developments

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MISS SRI LANKA
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DIGITAL EDITIONS

Our latest publications now available for viewing in digital format

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EDITORIALS

THE BIG PICTURE

Humaydh SariffodeenMay 29, 2025No Comment2025-05-30T10:02:47+00:00

SHIFTING SANDS While our politicians jostle to grab power of city and rural councils in...

FOREIGN POLICY

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:37:37+00:00

As India is poised to become the world’s third largest economy by 2030, Sri Lanka’s evolving...

SUBSCRIPTION ECONOMY

Humaydh Sariffodeen May 27, 2025 No Comment2025-05-30T10:03:16+00:00

The subscription economy refers to a business model where consumers pay a recurring (monthly...

STATE OF THE NATION

Humaydh Sariffodeen May 26, 2025 2025-05-29T12:38:38+00:00

As electors went to the polls for the third time in eight months, it was with discernibly mixed feelings...

CURRENT AFFAIRS

INCLUSIVE GOVERNANCE

Humaydh SariffodeenMay 29, 2025No Comment2025-05-30T10:03:40+00:00

The main achievements of the new government since late last year are macroeconomic and...

NEW FRONTIERS

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:40:45+00:00

AGENTIAL RISKS AI has moved far beyond autocomplete. It now takes the initiative, performs tasks...

TOMORROW’S WORLD

Humaydh Sariffodeen May 29, 2025 2025-05-29T09:00:03+00:00

The June issue of Tomorrow’s World features a list of important events across the globe...

PAPAL ELECTION

Humaydh Sariffodeen May 26, 2025 2025-05-29T12:41:02+00:00

Even though Pope Francis I was in poor health for some time and had been hospitalised as well, the...

BUSINESS FORUM

EXPORT SECTOR

Humaydh SariffodeenMay 29, 2025No Comment2025-05-30T10:01:50+00:00

Reflecting on a turbulent five year period marked by crises – including the Easter Sunday...

ALUMINIUM SECTOR

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:44:42+00:00

The sector has undergone notable transformation over the years, evolving into a key player within...

WOMEN IN BUSINESS

Humaydh Sariffodeen May 29, 2025 No Comment2025-05-29T12:44:53+00:00

A woman who masters resilience, negotiation, financial literacy and the art of reinvention – and...

CAPITAL MARKETS

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:45:03+00:00

Sri Lanka is just coming out of a hard few years, during which a perfect storm of self-inflicted and...

BUSINESS AFFAIRS

EXTERNAL TRADE

Humaydh SariffodeenMay 29, 20252025-05-29T12:46:29+00:00

Sri Lanka has faced an unrelenting series of economic shocks over the past few years. The internal...

WORLD TRADE

Humaydh Sariffodeen May 29, 2025 No Comment2025-05-30T10:02:20+00:00

Ever since US President Donald Trump unveiled his Liberation Day tariffs on 2 April, the global...

SRI LANKA ECONOMY

Humaydh Sariffodeen May 2, 2025 2025-05-02T11:31:05+00:00

Sri Lanka’s economy enjoyed a remarkable turnaround last year; it achieved five percent growth...

US ECONOMY

Humaydh Sariffodeen May 2, 2025 No Comment2025-05-02T11:31:14+00:00

The odds of a US recession are rising as the Trump administration’s policy changes are sowing seeds...

MANAGEMENT DIGEST

ETHICS REDEFINED

Humaydh SariffodeenMay 29, 2025No Comment2025-05-30T10:01:10+00:00

As AI continues to reshape industries and redefines the global business environment, many...

HUMANITY REIMAGINED

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:48:02+00:00

We are at a point in time where humanity is the most powerful it’s ever been. From flying across...

CORPORATE GOVERNANCE

Humaydh Sariffodeen May 29, 2025 2025-05-30T09:59:49+00:00

Board disclosures have long been one of the drier and more legalistic aspects of governance. Counsel...

PERSONAL DEVELOPMENT

Humaydh Sariffodeen May 29, 2025 No Comment2025-05-29T12:48:32+00:00

In his book titled ‘The Biology of Belief: Unleashing the Power of Consciousness,’ Dr. Bruce Lipton...

TOP SHELF

SRI LANKANS OVERSEAS

Humaydh SariffodeenMay 29, 2025No Comment2025-05-28T21:35:20+00:00

Sri Lanka’s pioneering international magazine is going places – having gone global in April! LMD International’s mission...

YOUTH FORUM

Humaydh Sariffodeen May 29, 2025 3 Comments2025-05-28T21:27:04+00:00

What makes Sri Lanka truly special is its people – resilient, warm-hearted and united in spirit. From the vibrant culture to a sense of...

3 Comments

POCKET POWERHOUSE

Humaydh Sariffodeen May 29, 2025 2025-06-05T13:04:13+00:00

Though small in size, Luxembourg ranks towards the top of the list of the world’s richest nations. It is located in the heart of Europe...

SRI LANKANS OVERSEAS

Humaydh Sariffodeen May 2, 2025 No Comment2025-05-02T09:03:11+00:00

Sri Lanka’s pioneering international magazine is going places – having gone global in April! LMD International’s mission...

MEDIA RELEASES

WORLD ENVIRONMENT DAY 2025

Tharindu PereraJune 6, 20252025-06-06T15:25:27+00:00

June 5, 2025 on the occasion of World Environment Day 2025, the Sri Lanka Institute of Packaging (SLIP) proudly reaffirms its unwavering dedication to promoting...

THE CEYLON CHAMBER OF COMMERCE

Tharindu Perera June 6, 2025 2025-06-06T15:21:07+00:00

The Ceylon Chamber of Commerce hosted His Excellency Radosław Sikorski, Minister of Foreign Affairs of the Republic of Poland, who visited Sri Lanka from...

THE CEYLON CHAMBER OF COMMERCE

Tharindu Perera June 6, 2025 2025-06-06T15:16:22+00:00

Sri Lanka has weathered a relentless succession of economic shocks in recent years. The turmoil began with the constitutional crisis in 2018, followed by the...

NEW ANTHONEY’S

Tharindu Perera June 6, 2025 2025-06-06T15:13:13+00:00

Reflecting its unwavering pursuit of operational excellence and innovation, New Anthoney’s Feeds Limited proudly secured two Gold Awards at the recent National...

AMANA TAKAFUL GENERAL PLC

Tharindu Perera June 6, 2025 2025-06-06T15:08:43+00:00

In a significant move to reshape the landscape of insurance accessibility in Sri Lanka, Amana Takaful General PLC, one of the nation’s fastest-growing insurance...

INTERNATIONAL CONSTRUCTION CONSORTIUM (PVT) LIMITED (ICC)

Tharindu Perera June 6, 2025 2025-06-06T15:05:17+00:00

In a bold move to revolutionise the construction industry, International Construction Consortium (Pvt) Limited (ICC), one of Sri Lanka’s leading engineering and...

MODERN PACK LANKA

Tharindu Perera June 6, 2025 2025-06-06T15:02:15+00:00

In a remarkable leap from local acclaim to global recognition, Modern Pack Lanka Pvt. Ltd, in partnership with SLINTEC, has won the WorldStar Award 2025 in...

CINNAMON LIFE

Tharindu Perera June 6, 2025 2025-06-06T14:59:10+00:00

In a defining moment for the brand, Cinnamon Life has earned the No. 2 spot in LMD’s New Brands Annual 2025 — a prestigious recognition from one of Sri Lanka’s...

SONY

Tharindu Perera June 6, 2025 2025-06-06T14:54:08+00:00

Sony, in collaboration with CameraLK, the leading camera retail giant in Sri Lanka, officially announced the appointment of renowned Sri Lankan wildlife photographer...

VIRTUSA CORPORATION

Tharindu Perera June 6, 2025 2025-06-06T14:48:03+00:00

Virtusa Corporation, a global leader in digital business strategy, product, and platform engineering, today announced the acquisition of Mav3rik, an Australian...

CELESTE

Tharindu Perera June 6, 2025 2025-06-06T14:40:14+00:00

Celeste, Sri Lanka’s fastest-growing on-demand online supermarket, celebrated its five-year anniversary on May 30, 2025, at a glittering gala held at Shangri-La...

ENERGY TALENT GROWTH

Tharindu Perera June 6, 2025 2025-06-06T13:46:24+00:00

Building on the success of its inaugural initiative, Sinopec, a global energy leader, is set to launch the second phase of its Energy Talent Growth (ETG) Program...

PARTNER NEWS

DFCC BANK PLC

Tharindu PereraJune 6, 20252025-06-06T15:27:40+00:00

DFCC Bank PLC is proud to announce its role as a Lead Arranger in a landmark USD 100 million Social Loan Facility raised by Satin Creditcare Network Limited...

DIMO HEALTHCARE

Tharindu Perera June 6, 2025 2025-06-06T14:33:43+00:00

DIMO Healthcare, a leader in the Sri Lankan healthcare sector, has introduced the country’s first Echosens FibroScan® Expert 630, revolutionizing non-invasive...

DFCC BANK

Humaydh Sariffodeen June 4, 2025 2025-06-04T12:02:09+00:00

DFCC Bank continues to transform the banking experience with the launch of its Instant Cashback Loan, a seamless, fully digital...

DFCC BANK

Humaydh Sariffodeen June 4, 2025 2025-06-04T11:48:31+00:00

As DFCC Bank marks 70 years of operations in 2025, it does so with a legacy steeped in national development and an eye firmly...

AMANA BANK

Humaydh Sariffodeen June 4, 2025 2025-06-04T11:25:38+00:00

Amana Bank is honoured to announce that they have once again won the Gold Award for Best Common ATM Enabler of the Year...

CROCODILE

Humaydh Sariffodeen June 4, 2025 2025-06-04T11:16:14+00:00

Crocodile, a globally reputed lifestyle and fashion brand, invites all discerning customers to enhance their shopping experiences...

DFCC BANK

Humaydh Sariffodeen June 4, 2025 2025-06-04T08:26:36+00:00

DFCC Bank PLC, a founding member of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP)...

SLT-MOBITEL

Humaydh Sariffodeen June 2, 2025 2025-06-04T08:19:18+00:00

Bringing a new era of entertainment to Sri Lankans, SLT-MOBITEL has partnered with 'Roopa Hala', a premium subscription...

NDB BANK

Humaydh Sariffodeen June 2, 2025 2025-06-04T08:13:44+00:00

Taking a bold and future-focused step in the journey of empowering Sri Lankan women, NDB Bank, together with News 1st, is...

DFCC BANK

Humaydh Sariffodeen June 2, 2025 2025-06-04T08:06:09+00:00

DFCC Bank, in an exclusive partnership with TATA Motors Sri Lanka, recently successfully concluded a joint promotional initiative...

PEOPLES LEASING & FINANCE PLC

Humaydh Sariffodeen May 31, 2025 2025-05-31T04:34:02+00:00

Peoples Leasing & Finance PLC (PLC), Sri Lanka’s leading non-bank financial institution, and Crown Auto (Private) Limited, a prominent automotive service...

PEOPLES LEASING & FINANCE PLC

Humaydh Sariffodeen May 31, 2025 2025-05-31T04:32:14+00:00

Peoples Leasing & Finance PLC, and Micro Cars (Pvt) Ltd, announced the signing of a Memorandum of Understanding (MOU) on 26th May 2025. This...

OPINION POLLS

BUSINESS SENTIMENT

Humaydh SariffodeenMay 29, 20252025-05-29T12:41:55+00:00

The month of May proved to be eventful both locally and globally, with unnerving political, economic and social developments...

BURNING ISSUES

Humaydh Sariffodeen May 29, 2025 2025-05-28T21:17:24+00:00

The tax regime remains the main business concern, compounding the burning issues facing the corporate community. Forty-five...

THE ECONOMY

Humaydh Sariffodeen May 29, 2025 2025-05-28T21:41:58+00:00

The tide appears to have shifted again with businesspeople turning more optimistic in May. PepperCube Consultants notes a more...

THE COST OF LIVING

Humaydh Sariffodeen May 27, 2025 2025-05-27T09:59:15+00:00

The PepperCube Cost of Living Index (CLI) saw an upward shift in April, rebounding from its notable fall of four basis points in the...

FINANCIAL PROFILES

MICROCOSM

Humaydh SariffodeenMay 29, 20252025-05-29T14:25:14+00:00

The IMF and Sri Lanka reached a staff level agreement on the fourth review under the Extended Fund Facility (EFF) programme...

KEY ECONOMIC DATA

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:27:58+00:00

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GLOBAL TRENDS

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:29:13+00:00

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WORLD HAPPINESS REPORT

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:30:50+00:00

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ONLINE EXCLUSIVES

WHY BUSINESS LEADERS SHOULD ADVOCATE FOR SCIENCE-ALIGNED CLIMATE POLICY

Humaydh SariffodeenMay 31, 20252025-05-31T03:14:24+00:00

Around the world, climate change is disrupting business, compelling companies to rethink how they operate. As leading businesses pivot to new models, they...

LEO XIV IS THE NEW POPE

Humaydh Sariffodeen May 9, 2025 2025-05-09T11:51:20+00:00

"Peace be with all of you!" - the first words of Pope Leo XIV. The Conclave has elected Robert Francis Cardinal Prevost as the 267th...

ROBERT PREVOST OF THE UNITED STATES IS NAMED POPE LEO XIV

Kasun Basuriya May 8, 2025 2025-05-08T23:27:19+00:00

Cardinal Robert Prevost has taken the name Leo XIV. He is the first American pope in the 2,000-year history of the Catholic Church...

GLOBAL GROWTH IS EXPECTED TO DECLINE AND DOWNSIDE RISKS TO INTENSIFY AS MAJOR POLICY SHIFTS UNFOLD

Humaydh Sariffodeen April 23, 2025 2025-04-23T16:07:30+00:00

After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have stabilized, with steady...

WHO WILL BE THE NEXT POPE? HERE ARE SOME OF THE CONTENDERS

Humaydh Sariffodeen April 23, 2025 2025-04-23T08:16:06+00:00

Dust off the history books and there are papal conclaves with international intrigue, royal rigging and even riots, a checkered past...

DAVOS GATHERING FOUNDER KLAUS SCHWAB QUITS AS WORLD ECONOMIC FORUM CHAIR

Kasun Basuriya April 21, 2025 2025-04-21T22:06:56+00:00

World Economic Forum (WEF) Founder and Chairman Klaus Schwab gives his welcoming remarks at the…...

POPE FRANCIS, EVERYMAN LEADER OF THE ROMAN CATHOLIC CHURCH, DIES AT 88

Kasun Basuriya April 21, 2025 2025-04-21T21:49:59+00:00

abc7 - Monday, April 21 VATICAN CITY -- Pope Francis, whose time as head of the…...

PEOPLE ‘GETTING A LITTLE BIT YIPPY’: TRUMP’S PAUSE ON TARIFFS AND WHAT HAPPENS IN 90 DAYS

Humaydh Sariffodeen April 10, 2025 2025-04-10T18:10:00+00:00

For weeks, President Donald Trump has plowed ahead with plans to impose steep new tariffs on imports despite warnings that the...

ONLINE FEATURES

A DRIVE TO UPLIFT GENERATIONS

Humaydh SariffodeenApril 23, 20252025-04-23T13:13:28+00:00

On the 4th of April 2025, I had the privilege to return to a place that had left a profound mark on my heart, Jana Jaya school in...

INSPIRING HOPE

Humaydh Sariffodeen September 27, 2024 2024-09-27T17:44:45+00:00

During my school holidays, I decided to volunteer with a Sri Lankan non-profit organization based in Moratuwa. I had the...

INTERNATIONAL DAY OF CARE AND SUPPORT

Humaydh Sariffodeen October 30, 2023 2023-10-30T14:07:09+00:00

Care work and housework sustains families and communities. It enables people to enter the workforce, contributes to economies as well as...

SOVEREIGN DEBT RESTRUCTURING

Humaydh Sariffodeen September 19, 2023 2023-09-20T15:25:48+00:00

The Government of Sri Lanka has outlined its expectations to conclude its sovereign debt restructuring expeditiously to regain debt sustainability...

MINDFUL SOLUTIONS WITH MO GAWDAT

Humaydh Sariffodeen September 5, 2023 2023-09-05T16:02:49+00:00

Cinnamon Hotels and Resorts hosted Mo Gawdat, the former Chief Business Officer of Google X and Best-selling author...

COMMUNITY-LED RECYCLABLE WASTE COLLECTION

Humaydh Sariffodeen September 4, 2023 2023-09-04T09:58:46+00:00

Solid waste management is identified as a critical social, environmental, and health issue with a multitude of economic...

THE FOOD AND AGRICULTURE ORGANIZATION

Tharindu Perera May 16, 2023 2023-05-16T12:39:38+00:00

The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China as part of the South-South Cooperation...

6TH INTERNATIONAL INVESTMENT FORUM

Tharindu Perera February 21, 2023 2023-02-21T20:03:44+00:00

the 6th International Investment Forum (IIF) took place online. A total of 20 speakers presented their companies and offered interested viewers exciting insights...