LMD | Sri Lanka Business Magazine

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BREAKING BUSINESS NEWS

Sri Lanka’s leading listed companies for financial year 2023/24 – the top 20 by revenue

BREAKING BUSINESS NEWS

Sri Lanka’s leading listed companies for financial year 2023/24 – the top 20 by profit

LMD OCTOBER 2024 – COVER STORY

Political parties on the eve of national elections are notorious for building castles in the air. They often promise the sun, moon and stars but

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BUSINESS SENTIMENT

With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the

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THE POST-ELECTION ERA
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EDITORIALS

THE BIG PICTURE

Humaydh SariffodeenSeptember 27, 2024No Comment2024-09-27T11:06:20+00:00

The countdown to the mother of all elections, here in our land of promise, turned out to be a carnival of promises with the main...

STATE OF THE NATION

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T11:05:56+00:00

Now that electors have voted for who will govern them executively, there may be a sense of apathy that often follows the after...

THE BRAIN DRAIN

Humaydh Sariffodeen September 27, 2024 2024-09-27T07:36:37+00:00

Sri Lanka has been grappling with prolonged political instability, economic challenges and limited opportunities for professional...

WORKPLACE TRENDS

Humaydh Sariffodeen September 27, 2024 2024-09-27T11:07:11+00:00

We have heard of BYOB – the traditional ‘bring your own bottle’ acronym. Then there’s the supermarket version of ‘bring your own...

CURRENT AFFAIRS

US ELECTION

Humaydh SariffodeenSeptember 27, 2024No Comment2024-09-27T11:06:47+00:00

US Vice President Kamala Devi Harris’ stars seem to be aligning for her to become the 47th President of the United States. And...

HUMAN RIGHTS

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T11:04:50+00:00

The presidential election is over… but the United Nations Human Rights Council (UNHRC) sessions in Geneva are continuing and...

NEW FRONTIERS

Humaydh Sariffodeen September 27, 2024 2024-09-27T07:34:29+00:00

AMAZON RECALL American multinational Amazon came under scrutiny after the US Consumer Product Safety Commission (CPSC)...

TOMORROW’S WORLD

Humaydh Sariffodeen September 27, 2024 2024-09-27T10:47:26+00:00

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

BUSINESS FORUM

EXPORT SECTOR

Humaydh SariffodeenSeptember 27, 2024No Comment2024-09-27T11:04:24+00:00

Diversification is widely recognised as a strategic advantage for businesses – particularly during periods of economic crises. When...

BANKING SECTOR

Humaydh Sariffodeen September 27, 2024 2024-09-27T10:48:55+00:00

A key issue is the lack of finance for certain sectors including SMEs. According to the Ministry of Finance, approximately Rs. 700...

LOGISTICS SECTOR

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T10:49:01+00:00

Optimising supply chains boosts productivity, reduces waste and energy consumption, and minimises resource use...

SME SECTOR

Humaydh Sariffodeen September 27, 2024 2024-09-27T10:49:08+00:00

The small and medium-size enterprise sector is struggling in the aftermath of the COVID-19 pandemic and ongoing economic...

BUSINESS AFFAIRS

ECONOMIC OUTLOOK

Humaydh SariffodeenSeptember 27, 2024No Comment2024-09-27T11:02:43+00:00

Following the presidential poll, the country will soon begin preparing for its next round of elections – including the general...

US FISCAL POLICY

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T08:02:19+00:00

Chair of the Federal Reserve Jerome Powell expressed confidence that the central bank would achieve a soft landing by...

PACKAGING SECTOR

Humaydh Sariffodeen September 27, 2024 2024-09-27T07:59:43+00:00

There is a growing interest in bio plastics and other renewable materials because the global plastics sector urgently needs to...

ECONOMIC REVIEW

Humaydh Sariffodeen August 29, 2024 No Comment2024-08-29T18:29:41+00:00

With the presidential election scheduled for 21 September, the focus on sustaining economic...

MANAGEMENT DIGEST

AI REVOLUTION

Humaydh SariffodeenSeptember 27, 20242024-09-27T11:02:07+00:00

Wth AI rapidly transforming key aspects of our daily personal and work lives, one significant sector being impacted is internet...

AI STANDARDS

Humaydh Sariffodeen September 27, 2024 2024-09-27T10:11:58+00:00

AI is now indispensable as it drives innovation across various sectors such as healthcare, finance, transport and more. And as...

MARKETING STRATEGY

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T11:05:21+00:00

It’s easy to feel that email marketing is outdated and ineffective, particularly because social media has stolen the spotlight. But it...

MIND POWER

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T10:21:52+00:00

Oscar Wilde once said: “But strange that I was not told that the brain can hold in a tiny ivory cell God’s heaven or hell.” In this...

TOP SHELF

SRI LANKANS OVERSEAS

Humaydh SariffodeenSeptember 27, 2024No Comment2024-09-27T08:08:23+00:00

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

YOUTH FORUM

Humaydh Sariffodeen September 27, 2024 No Comment2024-09-27T07:44:36+00:00

Sri Lanka – aptly known as the ‘Pearl of the Indian Ocean’ – is renowned for its natural beauty, rich history, cultural diversity and...

MOST RESPECTED ENTITIES

Humaydh Sariffodeen September 27, 2024 2024-09-27T10:33:37+00:00

As US businessman, investor and philanthropist Warren Buffett once said, “it takes 20 years to build a reputation and five minutes...

CORPORATE TRAVELLER

Humaydh Sariffodeen September 27, 2024 2024-10-06T07:41:58+00:00

The capital of the Netherlands, Amsterdam has a unique allure for corporate travellers who seek a mix of business...

MEDIA RELEASES

TWC CAPITAL

Humaydh SariffodeenOctober 15, 20242024-10-15T22:42:09+00:00

Colombo, Sri Lanka, October 2024 – TWC Capital, a leading corporate advisory firm, today announced the appointment of...

STRIPES AND CHECKS

Humaydh Sariffodeen October 15, 2024 2024-10-15T22:34:20+00:00

Stripes and Checks (Pvt) Ltd, a leading menswear clothing brand in Sri Lanka, proudly announces the opening of its 5th...

PR WIRE

Humaydh Sariffodeen October 14, 2024 2024-10-14T17:14:29+00:00

PR Wire Sri Lanka (PRW), a member of the Wire Communication Consultancy Holdings Group (WCCG), announced a strategic...

GREENPEACE

Humaydh Sariffodeen October 14, 2024 2024-10-14T15:59:50+00:00

India, Bangladesh and the Maldives have taken historic steps for the protection of our oceans at the UN General Assembly...

ROCKLAND GROUP

Humaydh Sariffodeen October 14, 2024 2024-10-14T15:52:09+00:00

In a momentous celebration of its centenary, Rockland Group marked 100 years of grit, resilience, and passion at the Chairman's...

EXPO AIRLINE

Humaydh Sariffodeen October 14, 2024 2024-10-14T15:45:33+00:00

On the 11th of October 2024, Expo Airline Management (EAM) celebrated 25 years as the exclusive Cargo GSA partner for Air...

AQUAFRESH

Humaydh Sariffodeen October 14, 2024 2024-10-14T15:41:53+00:00

Aquafresh, the leading brand in Sri Lanka’s bottled water industry, has announced the launch of its new glass water bottles, a...

EMERALD INTERNATIONAL

Humaydh Sariffodeen October 14, 2024 2024-10-14T14:35:50+00:00

Emerald International, Sri Lanka’s leading menswear brand, proudly announces its partnership with OrphanCare, an independent...

HAYLEYS SOLAR AND SAMPATH BANK

Humaydh Sariffodeen October 14, 2024 2024-10-14T11:54:23+00:00

In a significant step towards encouraging solar power adoption island-wide, Sampath Bank PLC and Hayleys Solar, the...

MARRIOTT BUSINESS COUNCIL

Humaydh Sariffodeen October 14, 2024 2024-10-14T11:51:42+00:00

As part of the Marriott Business Council, Sheraton Colombo, ITC Ratnadipa, Sheraton Kosgoda Turtle Beach Resort, and...

CA SRI LANKA’S 45TH NATIONAL CONFERENCE

Humaydh Sariffodeen October 14, 2024 2024-10-14T11:49:18+00:00

Some of Sri Lanka’s well-known corporates, including leading conglomerates, have come on board to sponsor the 45th National...

FINTECH FORUM

Humaydh Sariffodeen October 14, 2024 2024-10-14T11:44:23+00:00

"The entire industry must come together to achieve true financial inclusion. It’s not something one entity can accomplish on its...

PARTNER NEWS

SINGER AND HONOR

Humaydh SariffodeenOctober 14, 20242024-10-14T14:43:47+00:00

Singer Sri Lanka and Honor proudly announced their appointment as the Title Sponsor for the cricket series between Sri Lanka...

AMANA BANK

Humaydh Sariffodeen October 14, 2024 2024-10-14T14:46:03+00:00

Amana Bank is excited to announce its partnership with Harbour Village (Pvt) Ltd to offer unique people-friendly apartment...

DFCC BANK

Humaydh Sariffodeen October 14, 2024 2024-10-14T12:04:30+00:00

DFCC Bank is proud to announce its exclusive partnership with Colombo Oktoberfest 2024, positioning itself as the premier...

CINNAMON LIFE

Humaydh Sariffodeen October 14, 2024 2024-10-14T12:01:58+00:00

The John Keells Group is set to open doors to Cinnamon Life at City of Dreams Sri Lanka, on 15th October 2024. Developed at...

BANK OF CEYLON

Humaydh Sariffodeen October 11, 2024 2024-10-11T11:52:44+00:00

The Bank of Ceylon has announced the opening of its new Limited Service branch located within the Nawaloka Hospital...

BANK OF CEYLON

Humaydh Sariffodeen October 9, 2024 2024-10-09T11:59:53+00:00

As the undisputed No. 1 bank in Sri Lanka, Bank of Ceylon continues to lead the financial industry with its commitment to...

ST. ANTHONY’S INDUSTRIES GROUP

Humaydh Sariffodeen October 9, 2024 2024-10-09T11:57:18+00:00

St. Anthony's Industries Group, a pioneer in the local PVC industry, proudly unveils the epitome of excellence and innovation...

AMANA BANK

Humaydh Sariffodeen October 9, 2024 2024-10-09T11:54:11+00:00

Amana Bank recently hosted its prestigious Amana Bank Awards 2024, themed 'Rewarding Excellence,' to celebrate the...

DFCC BANK

Humaydh Sariffodeen October 6, 2024 2024-10-06T09:14:38+00:00

DFCC Bank has proudly partnered with the Courage Compassion Commitment (CCC) Foundation as the official Banking Partner...

SLT-MOBITEL

Humaydh Sariffodeen October 2, 2024 2024-10-02T14:35:50+00:00

SLT-MOBITEL is offering an easy and seamless way to join the network with its cutting-edge eSIM service. Powered by...

CEYLINCO LIFE

Humaydh Sariffodeen October 2, 2024 2024-10-02T14:33:08+00:00

More adventures and travel experiences have just been announced for Ceylinco Life policyholders with the launch of the 18th...

BANK OF CEYLON CELEBRATES CHILDREN’S DAY

Humaydh Sariffodeen October 1, 2024 2024-10-01T10:54:18+00:00

As we celebrate Children's Day this year, Bank of Ceylon (BOC) takes a moment to honour the youngest members of our nation...

OPINION POLLS

BUSINESS SENTIMENT

Humaydh SariffodeenSeptember 27, 20242024-09-27T10:51:07+00:00

With a new presidential term taking effect for the next five years, Sri Lanka stands at a pivotal moment, eagerly anticipating the...

BURNING ISSUES

Humaydh Sariffodeen September 27, 2024 2024-09-25T09:51:55+00:00

As the countdown to the presidential election reached a climax in the first week of September, the corporate community...

THE ECONOMY

Humaydh Sariffodeen September 27, 2024 2024-09-25T10:10:19+00:00

As PepperCube Consultants notes, a majority of respondents were “uncertain about the eventual election outcome, which will...

THE COST OF LIVING

Humaydh Sariffodeen September 27, 2024 2024-09-27T10:51:14+00:00

The PepperCube Cost of Living Index (CLI) dropped for the fourth consecutive month, reaching its lowest level since June 2021...

FINANCIAL PROFILES

MICROCOSM

Humaydh SariffodeenSeptember 27, 20242024-09-27T10:50:19+00:00

Port City Colombo had registered over 100 companies as authorised persons (APs) within its special economic zone (SEZ) at the...

KEY ECONOMIC DATA

Humaydh Sariffodeen September 27, 2024 2024-09-27T08:06:39+00:00

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SDG INDEX

Humaydh Sariffodeen September 27, 2024 2024-09-27T07:53:20+00:00

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DIGITAL CITY BRANDS

Humaydh Sariffodeen September 27, 2024 2024-09-27T07:48:35+00:00

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ONLINE EXCLUSIVES

FORMER ACADEMIC NAMED SRI LANKA’S THIRD FEMALE PRIME MINISTER

Kasun BasuriyaSeptember 24, 20242024-09-24T21:50:49+00:00

Sri Lanka’s new president has chosen his prime minister – selecting a woman for the third time in the country’s history...

SRI LANKA’S NEW PRESIDENT ANURA KUMARA DISSANAYAKE PROMISES CHANGE

Humaydh Sariffodeen September 23, 2024 2024-09-23T17:24:36+00:00

Sri Lanka's leftist leader Anura Kumara Dissanayake took office as president on Monday, promising change in the island nation...

AFTER ECONOMIC CRISIS, SRI LANKA SWEARS IN MARXIST PRESIDENT ANURA KUMARA DISSANAYAKE

Humaydh Sariffodeen September 23, 2024 2024-09-23T13:43:48+00:00

Marxist leader Anura Kumara Dissanayake was sworn in...

SRI LANKA’S MARXIST-LEANING DISSANAYAKE WINS PRESIDENTIAL ELECTION, LOCAL TV SAYS

Kasun Basuriya September 22, 2024 2024-09-22T20:24:30+00:00

Sri Lanka’s Marxist-leaning leader, Anura Kumara Dissanayake, won the presidential election for the debt-ridden island nation, local TV said on Sunday, citing Election Commission figures....

VOTING ENDS IN SRI LANKA TO CHOOSE A PRESIDENT AND A WAY OUT OF YEARS OF TURMOIL

Kasun Basuriya September 21, 2024 2024-09-21T17:37:03+00:00

Associated Press - September 21, 2024 Voting has ended Saturday in Sri Lanka’s presidential election as…...

SRI LANKA CLINCHES $12.5 BILLION BOND REWORK DEAL IN PRE-ELECTION DASH

Kasun Basuriya September 20, 2024 2024-09-20T07:44:18+00:00

A general view of city's skyline, in Colombo, Sri Lanka, April 19, 2022. REUTERS/Dinuka Liyanawatte/File…...

SRI LANKA’S PRESIDENTIAL ELECTION TO TEST ECONOMIC GREEN SHOOTS

Kasun Basuriya September 20, 2024 2024-09-20T00:13:03+00:00

Sri Lanka readies for crucial presidential poll Reuters - September 19, 2024 LONDON/COLOMBO (Reuters) -Sri…...

CLEAN ENERGY INVESTMENT IS SET TO DOUBLE THAT OF FOSSIL FUELS – HERE’S HOW DEVELOPING NATIONS CAN ALSO BENEFIT

Humaydh Sariffodeen August 29, 2024 2024-08-29T10:40:58+00:00

Global investment in clean energy is set to double the amount going to fossil fuels…...

ONLINE FEATURES

INSPIRING HOPE

Humaydh SariffodeenSeptember 27, 20242024-09-27T17:44:45+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...

ELECTRICITY CRISIS

Tharindu Perera November 10, 2022 2022-11-10T20:08:38+00:00

The COVID-19 pandemic and the subsequent economic crisis revealed vulnerabilities in the Sri Lankan economy and weakened its economic state...

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