LMD | Sri Lanka Business Magazine

COVER STORY

SRI LANKA MUST BE DISASTER READY

BUSINESS SENTIMENT

Be it the devaluation of the Sri Lankan Rupee – which has seen it shed nearly 75 percent in a matter of weeks – the ignominy of a virtually

HAVE YOUR SAY

THE SRI LANKAN SPRING
Are you supporting the people’s movement for change – and why or why not?

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EDITORIALS

THE BIG PICTURE

Tharindu PereraMay 5, 20222022-05-06T10:48:51+00:00

The hundreds of protests around our precious island in early April culminated in a poignant and peaceful show of strength during...

STATE OF THE NATION

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:52:50+00:00

Sri Lanka has not seen anything like it. There were civil rights protests in the past and important cricket matches are often...

PEOPLE POWER

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:55:13+00:00

In 2011, the world witnessed the rise of hundreds of thousands of protesters congregating in Tahrir Square in Egypt to dethrone their...

IMRAN KHAN OUSTER

Tharindu Perera May 5, 2022 2022-05-06T10:54:32+00:00

When Imran Khan was ousted as prime minister shortly after midnight on 10 April, he made history in Pakistan as the first premier to...

CURRENT AFFAIRS

CORPORATE COMPENSATION

Tharindu PereraMay 5, 2022No Comment2022-05-06T10:55:54+00:00

High end earnings and bonuses are considered normal when associated with top-level corporate positions...

IMPACT INVESTMENTS

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:56:44+00:00

Impact investments have seen a boost in popularity during the COVID-19 pandemic due to increased awareness of climate change, as...

MILLENNIAL TRAVELLERS

Tharindu Perera March 31, 2022 No Comment2022-04-01T09:53:44+00:00

Technology has irreversibly impacted global travel and tourism. Tourism specialist Xavier Cubeles says: “The travel industry is in the...

PACIFIC RING OF FIRE

Tharindu Perera March 31, 2022 2022-04-01T09:17:42+00:00

When the British poet Alfred Lord Tennyson wrote “Cannon to the right of them, cannon to the left of them,” he was referring to the...

BUSINESS FORUM

LEASING SECTOR

Tharindu PereraMay 5, 20222022-05-05T18:01:40+00:00

The Non-Bank Financial Institutions (NBFI) sector has faced considerable challenges over the past two years because of the pandemic...

FURNISHING SECTOR

Tharindu Perera May 5, 2022 2022-05-06T09:42:32+00:00

An increased focus on home improvements and keeping family members safe from infection indicates that there are...

ICT SECTOR

Tharindu Perera May 5, 2022 No Comment2022-05-10T15:05:07+00:00

From being an enabler of business to its driver, technology has come a long way. Typically, IT tools such as ERP and CRM systems were...

FINANCIAL SERVICES

Tharindu Perera May 5, 2022 No Comment2022-05-06T09:41:29+00:00

The chief trend is a shift to remote working and virtual offices. Professional business services have always focussed on relationships...

BUSINESS AFFAIRS

THE ECONOMIC CRISIS

Tharindu PereraMay 5, 2022No Comment2022-05-06T19:23:44+00:00

The IMF’s report titled ‘Article IV’ was released in March; and it highlighted several critical issues that Sri Lanka’s economy is facing...

GLOBAL ECONOMIC OUTLOOK

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:58:12+00:00

Slower growth and more rapid inflation sum up the outlook for the rest of the year. Even though there...

COOPERATIVE SOCIETIES

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:58:55+00:00

Cooperatives and their services come to mind every time a disaster hits our country. Their value becomes evident in times...

AGRICULTURE SECTOR

Tharindu Perera May 5, 2022 2022-05-06T10:59:47+00:00

Today, farmers are expected to produce sufficient agricultural products at affordable prices to meet the demand...

MANAGEMENT DIGEST

WORKPLACE BOUNDARIES

Tharindu PereraMay 5, 20222022-05-06T10:45:39+00:00

The art of setting personal boundaries gives us more control over our time, energy and relationships. It allows us to focus...

LEADERSHIP FORUM

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:35:06+00:00

According to American humourist Mark Twain, the two most important days in your life are the day you were born and the one...

WORKFORCE UPSKILLING

Tharindu Perera May 5, 2022 No Comment2022-05-05T18:27:50+00:00

Automation is poised to influence the way we work and how the job market functions. Loss of employment is unavoidable...

CRISIS MANAGEMENT

Tharindu Perera May 5, 2022 2022-05-06T10:31:55+00:00

When Hurricane Sandy hit the US in October 2012, then CEO of the Guardian Life Insurance Company of America Deanna...

TOP SHELF

YOUTH FORUM

Tharindu PereraMay 5, 2022No Comment2022-05-06T11:57:26+00:00

I think Sri Lanka is a blessed country. Be it sandy beaches, scenic mountain ranges or any other natural resource the ‘Pearl of...

BOOKRACK

Tharindu Perera May 5, 2022 2022-05-04T15:41:59+00:00

Robin Sharma, who made a name for himself with his bestseller titled The Monk Who Sold His Ferrari says that his new book – The Everyday...

LIFESTYLE

Tharindu Perera May 5, 2022 2022-05-05T18:18:44+00:00

Three items on your bucket list following retirement .Travel around Sri Lanka, help my daughter with her gym business and grow more ...

YOUTH FORUM

Tharindu Perera March 31, 2022 No Comment2022-03-31T16:43:25+00:00

The ‘good’ lies in Sri Lanka’s rich diversity, culture and natural heritage. It’s undeniable that this country offers many more...

MEDIA RELEASES

UN WOMEN

Tharindu PereraMay 18, 20222022-05-18T12:59:51+00:00

During her official visit to Sri Lanka recently, the Officer-in-Charge for UN Women Asia and the Pacific met with key partners to reaffirm...

JUST IN TIME GROUP

Tharindu Perera May 17, 2022 2022-05-17T15:05:20+00:00

The increasing threat of climate change seen over the past few decades has accelerated trends in sustainability strongly reinforcing...

NATIONAL PEACE COUNCIL OF SRI LANKA

Tharindu Perera May 17, 2022 2022-05-17T10:43:06+00:00

Sri Lanka has a new prime minister but there is controversy over the choice. There is criticism that President Gotabaya Rajapaksa continues...

AIA INSURANCE

Tharindu Perera May 17, 2022 2022-05-17T10:38:54+00:00

AIA Insurance offers an exclusive Health Policy to the senior management and all employees of Adapt Information Technologies (AIT)...

IFC

Tharindu Perera May 13, 2022 2022-05-13T18:31:56+00:00

The Central Bank of Sri Lanka, with support from the International Finance Corporation (IFC) has launched a series of guidelines...

JOINT STATEMENT

Tharindu Perera May 13, 2022 2022-05-13T18:12:15+00:00

“We, the undersigned, a network of child rights and protection organizations, are extremely concerned by the events currently taking...

UNION ASSURANCE

Tharindu Perera May 13, 2022 2022-05-13T16:02:33+00:00

Pioneering Breakthroughs Win Global Acclaim for Union Assurance Continuing its legacy of excellence, Sri Lanka’s…...

SRI LANKA SHIPPERS’ COUNCIL

Tharindu Perera May 12, 2022 2022-05-12T17:05:44+00:00

The Sri Lanka Shippers’ Council expresses its grave concern at the violence unleashed on peaceful protestors in Colombo on 9th May 2022...

JOINT CHAMBERS CALL FOR THE APPOINTMENT OF AN INTERIM PM AND ASK THE PRESIDENT TO HEED THE VOICE OF THE PEOPLE

Tharindu Perera May 11, 2022 2022-05-11T10:45:22+00:00

Joint Chambers together with Institute of Chartered Accountants of Sri Lanka...

CEYLON CHAMBER OF COMMERCE

Tharindu Perera May 10, 2022 2022-05-10T22:06:13+00:00

The Ceylon Chamber of Commerce is alarmed by the violent attacks on protestors outside Temple Trees and at Galle...

PIMA GROUP

Tharindu Perera May 10, 2022 2022-05-10T21:33:05+00:00

Pima Group Sri Lanka held its Annual National Sales Conference 2022 at Waters Edge recently, with the participation...

PRIMA BRANDS WIN BIG AT PARTNER POWER 2022

Tharindu Perera May 10, 2022 2022-05-10T19:02:01+00:00

Ceylon Agro Industries Ltd (Prima Group Sri Lanka), the company behind some of Sri Lanka’s most popular consumer...

PARTNER NEWS

SRI LANKA TELECOM GROUP (SLT GROUP)

Tharindu PereraMay 17, 20222022-05-17T10:25:58+00:00

Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, recorded a consolidated revenue growth of 5.4% to Rs 26 Bn...

SAMPATH BANK

Tharindu Perera May 17, 2022 2022-05-17T10:08:49+00:00

Backed by its solid capital base and prudent risk fundamentals, Sampath Bank continues to prove that it is well equipped to navigate...

HNB

Tharindu Perera May 13, 2022 2022-05-13T14:49:33+00:00

Sri Lanka’s premier private sector bank HNB PLC recently bagged four awards at the LankaPay Technnovation Awards 2022....

HNB

Tharindu Perera May 13, 2022 2022-05-13T14:30:52+00:00

Marking a key milestone in its sustainability journey, HNB PLC has been awarded the ISO 14064 certification by the Sri Lanka Climate...

HNB- DIMO

Tharindu Perera May 13, 2022 2022-05-13T14:16:57+00:00

Sri Lanka’s premier private sector bank HNB PLC, partnered with DIMO CERTIFIED the pre-owned vehicle sales arm of country’s leading ...

HNB

Tharindu Perera May 13, 2022 2022-05-13T13:44:10+00:00

HNB PLC, Sri Lanka’s premier private sector bank, has partnered with leading agricultural machinery and equipment supplier Hayleys...

SAMPATH BANK

Tharindu Perera May 4, 2022 2022-05-04T17:06:38+00:00

The star-studded 17th Raigam Tele’es, the premier primetime television awards event of Sri Lanka, raised the curtain on a gala night...

DFCC BANK

Tharindu Perera May 4, 2022 2022-05-04T09:54:47+00:00

Sri Lanka’s Micro, Small and Medium Enterprises (MSMEs) are the backbone of the nation’s economy. They account for up to 45% of job...

NDB BANK

Tharindu Perera April 28, 2022 2022-04-28T16:49:03+00:00

Earth Day is a time where we celebrate and appreciate our planet whilst taking action to sustain our planet. Our planet is facing serious...

NDB BANK

Tharindu Perera April 28, 2022 2022-04-28T16:47:36+00:00

NDB Bank was recently awarded two Gold awards and one Merit Award at the Lankapay Technnovation Awards 2022 held at Shangri...

NDB BANK

Tharindu Perera April 28, 2022 2022-04-28T16:47:32+00:00

NDB Bank recently signed two MoUs with Clean Ocean Force Lanka (COF) and Lanka Evangelical Alliance Development Service (LEADS)...

NDB BANK

Tharindu Perera April 28, 2022 2022-04-28T16:47:44+00:00

The National Development Bank PLC has been recognised as one of the top 20 brands in the country by the world’s leading independent...

OPINION POLLS

BUSINESS SENTIMENT

Tharindu PereraMay 5, 20222022-05-05T18:30:56+00:00

Be it the devaluation of the Sri Lankan Rupee – which has seen it shed nearly 75 percent in a matter of weeks – the ignominy of a virtually...

BURNING ISSUES

Tharindu Perera May 5, 2022 2022-05-05T18:32:23+00:00

As the economic crisis worsened to a virtual state of failure, it isn’t surprising that inflation and shortages of daily essentials...

THE ECONOMY

Tharindu Perera May 5, 2022 2022-05-05T18:31:21+00:00

“With the youth spearheading the nationwide demonstrations and expressing their concerns, the voice of the people has started to rise...

CONSUMER CONFIDENCE

Tharindu Perera May 5, 2022 2022-05-05T18:31:40+00:00

...

FINANCIAL PROFILES

MICROCOSM

Tharindu PereraMay 5, 20222022-05-05T18:34:59+00:00

The Financial Times reported that Sri Lanka’s rupee plunged to a record low to become the world’s worst performing currency as the ...

KEY ECONOMIC DATA

Tharindu Perera May 5, 2022 2022-05-04T13:44:52+00:00

...

BEST COUNTRIES TO LIVE IN

Tharindu Perera May 5, 2022 2022-05-04T13:57:26+00:00

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KEY LANGUAGES

Tharindu Perera May 5, 2022 2022-05-04T14:02:16+00:00

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ONLINE EXCLUSIVES

WORLD BANK AGREES TO ETHIOPIAN GRANT

Tharindu PereraMay 18, 20222022-05-18T12:14:22+00:00

Ethiopia and the World Bank have signed a pact for a grant of US$ 300 million to assist reconstruction and recovery in conflict-hit areas...

JAPAN ANNOUNCES LIMITED ‘TEST TOURISM’ FROM MAY

Tharindu Perera May 18, 2022 2022-05-18T10:57:56+00:00

Japan said it would start conducting ‘test tourism’ in the form of limited package tours in May as a way of gathering information prior...

SHANGHAI TARGETS 1 JUNE TO RETURN TO NORMAL

Tharindu Perera May 17, 2022 2022-05-18T13:17:51+00:00

Shanghai set out plans on Monday for the return to normal life from June 1 and the end of a painful COVID-19 lockdown that has...

GLOBAL WHEAT PRICES SOAR

Tharindu Perera May 17, 2022 2022-05-17T12:50:51+00:00

The price of wheat has jumped on international markets after India banned the export of the staple cereal...

SRI LANKA DOWN TO LAST DAY OF PETROL

Tharindu Perera May 16, 2022 2022-05-16T22:15:22+00:00

Sri Lanka's new prime minister said on Monday the crisis-hit nation was down to its last day of petrol, as the country's power minister...

SRI LANKA DOWN TO LAST DAY OF PETROL

Kasun Basuriya May 16, 2022 2022-05-16T21:07:54+00:00

Reuters: 16 May 2022 COLOMBO, May 16 (Reuters) - Sri Lanka's new prime minister said on…...

SOMALIA GETS NEW PRESIDENT

Tharindu Perera May 16, 2022 2022-05-16T16:05:53+00:00

Somalia's former leader Hassan Sheikh Mohamud has been elected president after a final vote that was only open to the country's MPs...

MILLIONS HIT HARD AS COOKING GAS COST SOARS IN INDIA

Tharindu Perera May 16, 2022 2022-05-16T08:42:35+00:00

India too is now suffering from a lack of cooking gas as prices for the country’s commodities increase...

ONLINE FEATURES

SRI LANKAN MUTUAL FUNDS’ OUTFLOWS RISE AMID ECONOMIC TURMOIL

Tharindu PereraMay 13, 20222022-05-13T17:59:30+00:00

Fitch Ratings-Shanghai-11 May 2022: The Sri Lankan mutual fund industry experienced large outflows in March 2022 with total ...

SOME SRI LANKAN CORPORATES MORE AFFECTED BY STRESSED ENVIRONMENT

Tharindu Perera May 2, 2022 2022-05-02T16:11:54+00:00

Fitch Ratings-Colombo/Singapore-29 April 2022: Some rated Sri Lankan corporates are more affected by the challenging macroeconomic...

UNICEF

Tharindu Perera April 29, 2022 2022-04-29T13:18:21+00:00

Article 3(1) of the United Nations Convention on the Rights of the Child (CRC) states that, “ln all actions concerning children the best...

GIRLS’ PERFORMANCE IN MATHEMATICS NOW EQUAL TO BOYS

Tharindu Perera April 27, 2022 2022-04-27T15:59:32+00:00

Paris, 27 April – In mathematics, the gender gap favouring boys in early grades gradually disappears, according to a new publication...

FITCH PLACES 12 SRI LANKAN NON-BANK FINANCIAL INSTITUTIONS ON RATING WATCH NEGATIVE

Tharindu Perera April 27, 2022 2022-04-27T15:24:44+00:00

Fitch Ratings - Singapore/Colombia/Mumbai - 26 Apr 2022: Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan...

WEAK OPERATING CONDITIONS RAISE RISKS FOR SRI LANKAN INSURERS

Tharindu Perera April 26, 2022 2022-04-27T16:02:14+00:00

High investment and liquidity risks, pressure on regulatory capital positions and a likely worsening in financial performance have increased...

FITCH PLACES BANK OF CEYLON ON RATING WATCH NEGATIVE

Tharindu Perera April 18, 2022 2022-04-18T17:01:28+00:00

Fitch Ratings - Colombo - 12 Apr 2022: Fitch Ratings has placed Bank of Ceylon's (BOC) Long-Term Foreign-Currency...

FITCH PLACES 13 SRI LANKAN BANKS ON RATING WATCH NEGATIVE

Tharindu Perera April 18, 2022 2022-04-18T17:23:28+00:00

Fitch Ratings - Colombo - 12 Apr 2022: Fitch Ratings has placed the National Long-Term Ratings of 13 Sri Lankan...