LMD | Sri Lanka Business Magazine

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BUSINESS SENTIMENT

Sri Lanka’s corporates would have breathed a collective sigh of relief in May as the Colombo Stock Exchange (CSE) opened for trading following an extended shutdown in the face of the

HAVE YOUR SAY

FROM CURFEW TO LOCKDOWN
Are you satisfied with the timing of the easing of curfew restrictions?

4/21 POSTMORTEM

RohanNo Comment2020-06-01T06:00:44+00:00

Over a year has passed since the Easter Sunday bombings that stunned the nation and led to a self-imposed one month lockdown. ...

REGIONAL OUTLOOK

Rohan No Comment2020-06-01T05:50:18+00:00

South Asia faces a dire economic outlook on account of the unprecedented COVID-19 crisis; it is expected to experience its worst...

EARTH SHUTDOWN

Rohan 2020-06-01T05:40:00+00:00

We were warned that an asteroid was heading toward us in April. However, it took a submicroscopic virus to send us into global panic. Let’s face it, neither we nor...

LEADERSHIP NARRATIVE

Rohan 2020-06-01T05:30:33+00:00

On 14 January 2020, the WHO announced on Twitter that “preliminary investigations conducted by the Chinese authorities have found no clear evidence of...

CORONAVIRUS CONUNDRUMS

RohanNo Comment2020-06-01T06:00:41+00:00

Across the world, people have wanted to break free from the shackles of ‘stay at home’ orders...

BUSINESS RECOVERY

Rohan No Comment2020-06-01T05:50:01+00:00

As the local economy prepares to adapt to the ‘new normal,’ the obvious question for local businesses would be how to compete...

LOCKDOWN MODE

Rohan 2020-06-01T05:40:36+00:00

‘COVID-19’ and ‘pandemic’ have been the most used words in New Zealand for the past few months. New Zealand is lucky to have a leader who responded in a caring ...

RUSSIA TODAY

Rohan 2020-06-01T05:30:55+00:00

In March 2000, Vladimir Putin won the Russian presidential election and asserted control over the nation. Two decades and four presidential terms later, he continues to...

INSURANCE SECTOR

Kasun Basuriya2020-06-01T06:00:29+00:00

COVID-19 will have far-reaching consequences for the global economy over the coming years. While it is difficult to predict the eventual impact on...

BANKING AND FINANCE

Kasun Basuriya 2020-06-01T06:00:20+00:00

We were bullish on exports and trading but with COVID-19, essential goods and the manufacture of personal protective equipment (PPE)...

APPAREL INDUSTRY

Kasun Basuriya No Comment2020-06-01T06:00:01+00:00

This is due to the mass cancellation of orders currently in production or already manufactured for which Sri Lankan entities have assumed liability. ...

FINTECH SECTOR

Kasun Basuriya No Comment2020-06-01T05:45:47+00:00

While regulations are critical to protecting customers, they can slow the adoption of new technologies and create barriers to access for the underserved...

COVID-19 IMPACT

Kasun Basuriya2020-06-01T06:00:59+00:00

In its release of the World Economic Outlook for April 2020, the IMF coined the current period the world is facing amid the COVID-19 pandemic as the ‘Great...

ECONOMIC CONTAGION

Kasun Basuriya No Comment2020-06-01T05:55:02+00:00

These are extraordinary times. At the beginning of this year, there were many reasons to be optimistic. Positive developments on the trade front...

BANKING SECTOR

Kasun Basuriya 2020-06-01T05:50:20+00:00

The timing cannot be better as we experience the crushing impact of the COVID-19 pandemic, which has mercilessly brought the world economy to a screeching halt...

FOOD SECURITY

Kasun Basuriya No Comment2020-06-01T05:45:10+00:00

It is probably a smattering too harsh to refer to food of the future as ‘fake.’ A more polite term could be ‘impostor’ but it essentially conveys the important...

E-COMMERCE PROSPECTS

Rohan2020-06-01T06:00:26+00:00

The COVID-19 pandemic has drastically limited the economic activities of consumers, retailers and companies, and many other stakeholders in the world of...

SUSTAINABILITY STRATEGY

Rohan No Comment2020-06-01T05:50:42+00:00

Sustainability and sustainable development are two of the most widely discussed topics at present. The UN World Commission on Environment and...

BOARD BRIEF

Rohan 2020-06-01T05:40:00+00:00

While planning a column on how board members can make the lives of managers simpler, we stumbled upon a few interesting insights into how boards...

RELATIONSHIP HACKS

Rohan No Comment2020-06-01T05:30:42+00:00

Many people are reluctant to ask their coworkers for help because they think it might make them seem annoying or unlikeable. While this may be true ...

YOUTH FORUM

Sanuka FernandoNo Comment2020-06-01T06:05:52+00:00

Shortages in energy and water resources pose a major challenge for Sri Lanka. Many other countries seem to have the ability to maintain a continuous supply...

LIFESTYLE

Sanuka Fernando 2020-06-01T06:00:22+00:00

Superficially speaking, I would love to return to some places I’ve visited on holiday – especially Europe so that I can extend my holidays...

BOOKRACK

Sanuka Fernando 2020-06-01T05:50:56+00:00

“In around 2020, a severe pneumonia-like illness will spread throughout the globe, attacking the lungs and the bronchial tubes, and resisting ...

DIPLOMATIC MISSION

Sanuka Fernando 2020-06-01T05:45:38+00:00

Undeniably one of the most exotic tropical island collectives in the world, the Maldives with its 1,200 coral islands is believed to have its...

DARAZ

Sanuka Fernando2020-06-03T22:31:02+00:00

Sri Lanka’s largest online market platform, Daraz, launched its online supermarket dMart, featuring a variety of essential FMCG products as well...

NDB

Sanuka Fernando 2020-06-03T13:11:33+00:00

This COVID-19 pandemic period is a time when online delivery and minimum contact has been effective and many sellers and small and medium scale business...

NDB

Sanuka Fernando 2020-06-03T13:05:12+00:00

National Development Bank PLC released its financial results for Q1 2020 ended 31 March 2020, to the Colombo Stock Exchange on 20th May, 2020...

NDB

Sanuka Fernando 2020-06-03T12:46:12+00:00

The National Development Bank PLC recently announced a reduction of lending rates across the board in line with the downward trend of interest...

DFCC

Sanuka Fernando 2020-06-03T12:33:00+00:00

May 2020, Colombo: DFCC Bank, one of the fastest-growing Commercial Bank in Sri Lanka continues their journey in...

COMMERCIAL BANK

Sanuka Fernando 2020-06-03T12:28:22+00:00

The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19...

SAMSUNG

Sanuka Fernando 2020-06-03T12:24:25+00:00

31st May 2020 Colombo: Samsung Sri Lanka is poised to launch Sri Lanka’s 1st Samsung foldable device to elite premium customers who are...

CEYLINCO LIFE

Sanuka Fernando 2020-06-03T12:17:38+00:00

Ceylinco Life has been certified as a ‘Great Workplace’ in Sri Lanka following an independent analysis of an assessment by Great Place to...

CEYLINCO

Sanuka Fernando 2020-06-03T11:52:57+00:00

Ceylinco Healthcare Services Limited and Kings Hospital Colombo have announced a collaboration to provide comprehensive medical care at...

PEOPLE’S BANK

Sanuka Fernando 2020-06-03T11:37:10+00:00

31st May 2020, Colombo: People’s Bank has introduced the Aswenna loan facility with the intention of supporting the...

CHARANA TV

Sanuka Fernando 2020-06-03T11:27:29+00:00

The TV show that redefined Sri Lankan Television; “Aseema” traveled beyond the standard television boundaries with South Asia’s first ...

SEYLAN BANK

Sanuka Fernando 2020-05-28T13:20:09+00:00

Colombo. 27th May 2020. Seylan Bank recorded a Profit after Tax of Rs. 902 Million in Q1 despite challenging market conditions...

SLT

Sanuka Fernando2020-06-03T11:18:18+00:00

SLT Digital Info Services (Pvt) Ltd (SLTDS), the Digital Marketing and Directory Information Services arm of Sri Lanka Telecom PLC (SLT)...

AIA

Sanuka Fernando 2020-05-27T13:02:01+00:00

24th May 2020: AIA Sri Lanka’s health and wellness platform, AIA Vitality, conducted its second consecutive ‘Healthiest Workplace Survey’ (HWS) in 2019...

BOC

Sanuka Fernando 2020-05-27T12:56:34+00:00

With the objective to encourage foreign income earners in the country, Bank of Ceylon wishes to promote Special Deposit Account (SDA) including those who receive their foreign remittances both...

SLT

Sanuka Fernando 2020-05-25T17:08:11+00:00

On the issue of the attempted cyber-attack on SLT's internal systems, SLT wishes to clarify the current situation to all its customers. The following is the official communique released by the Management...

SLT

Sanuka Fernando 2020-05-16T20:04:30+00:00

The Chairman, Board of Directors, representatives of the Management and Unions of Sri Lanka Telecom (SLT) and Mobitel handed over a cheque to the value of Rs. 50 million to His Excellency Gotabaya...

SLT

Sanuka Fernando 2020-05-15T12:01:18+00:00

Sri Lanka Telecom PLC Group released its financial results for the three months ending on 31st March 2020...

LOLC

Sanuka Fernando 2020-05-10T15:50:55+00:00

As the world is faced with the unprecedented impact of the COVID-19 pandemic, LOLC has stepped forward to extend their assistance to religious places, elders and childrens homes as well as...

HNB

Sanuka Fernando 2020-05-10T15:20:12+00:00

HNB PLC announced a series of partnerships and digital innovations aimed at supporting customers and enterprises with uninterrupted access to all essential banking services during the...

COMMERCIAL BANK

Sanuka Fernando 2020-05-05T16:17:01+00:00

The Commercial Bank of Ceylon has announced an upgrade to its ground-breaking all-digital banking app ‘Flash’ – Sri Lanka’s first fully-fledged Digital Bank Account when it was launched by the Bank last year...

AQUAFRESH

Sanuka Fernando 2020-05-05T16:06:43+00:00

Aquafresh is a well reputed brand name and is the leader in the bottled water industry in Sri Lanka. Expanding their profile as a trendsetter in the industry, the company, Access Natural Water (Pvt) Ltd...

SLT

Sanuka Fernando 2020-04-16T17:18:35+00:00

SLT recently donated Personnel Protective Equipment (PPE) to the Apaksha Hospital –Maharagama. SLT Chief Operating Officer Mr. Priyantha Fernandez handed over the equipment to Dr. Wasantha...

SLT

Sanuka Fernando 2020-04-14T13:27:08+00:00

National telecommunication services provider Sri Lanka Telecom & Sri Lanka Telecom Mobitel in partnership with Derana, conducting ‘SLT Digital Aurudu’ to celebrate...

OPINION POLLS

BUSINESS SENTIMENT

Sanuka Fernando2020-06-01T06:00:13+00:00

Sri Lanka’s corporates would have breathed a collective sigh of relief in May as the Colombo Stock Exchange (CSE) opened for trading following an extended shutdown in the face of the...

BURNING ISSUES

Sanuka Fernando 2020-06-01T05:55:56+00:00

COVID-19 continues to be the most pressing issue for business in Sri Lanka today, according to the vast majority (89%) of those consulted in the latest LMD-Nielsen Business Confidence Index (BCI) survey...

CONSUMER CONFIDENCE

Sanuka Fernando 2020-06-01T05:45:37+00:00

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THE ECONOMY

Sanuka Fernando 2020-06-01T05:45:35+00:00

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ONLINE EXCLUSIVES

ZOOM’S REVENUE REACHES 169 PERCENT

Kasun Basuriya2020-06-04T12:50:27+00:00

Zoom reported a revenue growth of 169 percent from the previous year in its first-quarter earnings, and nearly doubled its revenue guidance for the full year...

AUSTRALIA SET FOR FIRST RECESSION IN THREE DECADES.

Sanuka Fernando 2020-06-03T11:00:54+00:00

Australia is set for its first recession in 29 years as the country feels the impact of the virus pandemic....

COVID-19 VACCINE TO BE READY BY OCTOBER

Sanuka Fernando 2020-06-02T11:38:18+00:00

Amidst the scientists and researchers in every corner of the world trying their best to get the most effective vaccine to treat the coronavirus, a global pharmaceutical ace has claimed the availability...

MAN IN SINGAPORE JAILED FOR FOUR MONTHS OVER FAKE CORONAVIRUS NEWS

Sanuka Fernando 2020-05-29T20:34:49+00:00

Singapore jailed a taxi driver for four months on Wednesday over a Facebook post in which he falsely claimed food outlets would close and urged people to stock up due to impending...

AMAZON TO HIRE 70 PERCENT OF TEMPORARY STAFF AS PERMANENT WORKERS

Sanuka Fernando 2020-05-29T20:23:47+00:00

Amazon plans to offer permanent jobs to about 70 percent of the US workforce it has hired temporarily to meet consumer demand during the coronavirus pandemic, the company told Reuters on Thursday...

TWITTER DEFIES TRUMP

Kasun Basuriya 2020-05-29T17:31:41+00:00

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TRUMP TO SIGN ‘EXECUTIVE ORDER’ AGAINST SOCIAL MEDIA

Sanuka Fernando 2020-05-28T15:31:44+00:00

US President Donald Trump will sign an executive order targeting social media firms, the White House has said...

DISCUSSIONS UNDERWAY IN REGARDS TO REOPENING THE BIA

Sanuka Fernando 2020-05-27T16:25:47+00:00

As the country is getting back to normal after the corona virus pandemic, the president’s task force for COVID-19 has proposed president to open the BIA on 1st of August 2020...