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

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FROM CURFEW TO LOCKDOWN
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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...

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...

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...

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 Comment2020-06-01T05:55:01+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 Comment2020-06-01T05:50:47+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 Comment2020-06-01T05:59:02+00:00

These are extraordinary times. At the beginning of this year, there were many reasons to be optimistic...

BANKING SECTOR

Kasun Basuriya 2020-06-01T05:58:20+00:00

The timing cannot be better as we experience the crushing impact of the COVID-19 pandemic, which has...

FOOD SECURITY

Kasun Basuriya No Comment2020-06-01T05:57:10+00:00

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

E-COMMERCE PROSPECTS

Rohan2020-06-01T06:02:26+00:00

The COVID-19 pandemic has drastically limited the economic activities of consumers, retailers and companies...

SUSTAINABILITY STRATEGY

Rohan No Comment2020-06-01T06:01:42+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 2020-06-01T06:00:00+00:00

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

RELATIONSHIP HACKS

Rohan No Comment2020-06-01T05:58:42+00:00

Many people are reluctant to ask their coworkers for help because they think it might make them seem ...

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...

MALKEY

Sanuka Fernando2020-06-05T13:37:29+00:00

With the increasing demand for safe and sanitized private transport solutions and the reduction of taxes locally, both self-drive and exclusive with driver have become ...

SAMSUNG

Sanuka Fernando 2020-06-05T12:58:23+00:00

Commenting on the popularity of the online gaming event, the Managing Director of Samsung Sri Lanka, Mr. Kevin Sungsu YOU says...

VISION CARE

Sanuka Fernando 2020-06-05T12:52:47+00:00

2nd June 2020, Colombo: Vision Care, Sri Lanka’s largest eye care provider, has opened all branches in the country and is ready to welcome customers while...

SAT

Sanuka Fernando 2020-06-05T12:47:21+00:00

Colombo. Tuesday 02 June 2020. With a view to aiding organisations build resilience and prevent cyber-attacks...

AIA

Sanuka Fernando 2020-06-05T11:47:17+00:00

[Wednesday 13 May 2020] – AIA, the largest independent publicly listed pan-Asian life insurance group, today launched a new content series ...

AIA

Sanuka Fernando 2020-06-05T11:42:27+00:00

HONG KONG, 1 June 2020 – Mr. Lee Yuan Siong today assumed the role of Group Chief Executive and President of AIA Group Limited...

UKRAINE INTERNATIONAL

Sanuka Fernando 2020-06-05T11:34:57+00:00

The airline expects to resume operations by referencing the best case scenario provided that the entry/exit restrictions for...

DARAZ

Sanuka Fernando 2020-06-03T22:31:02+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...

DARAZ

Sanuka Fernando2020-06-05T13:47:00+00:00

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

PEOPLE’S BANK

Sanuka Fernando 2020-06-05T13:44:06+00:00

Annual Report of People's Bank proffered to Hon. Prime Minister Mahinda Rajapaksa. People's Bank's Annual Report for the year 2019 was presented...

SLT

Sanuka Fernando 2020-06-05T11:51:42+00:00

SLT RAINBOW PAGES - The national Business Directory was rewarded for being one of the largest contributors to the Printing industry...

SLT

Sanuka Fernando 2020-06-03T11:18:18+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...

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

NASDAQ HITS RECORD HIGH

Kasun Basuriya2020-06-06T12:46:49+00:00

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RAPID RISING SEA LEVELS COULD HARM PROTECTED MANGROVES

Sanuka Fernando 2020-06-05T13:16:32+00:00

Mangrove forests can only take so much. The famously resilient, salt-tolerant and twisty trees have so far managed to keep pace with rising sea levels, providing a valuable...

ASTRAZENECA DOUBLES COVID-19 VACCINATION SUPPLY

Sanuka Fernando 2020-06-05T12:23:18+00:00

AstraZeneca said it will be able to supply two billion doses of a potential virus vaccine following two new deals...

ZOOM’S REVENUE REACHES 169 PERCENT

Kasun Basuriya 2020-06-04T12:50:27+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...