LMD | Sri Lanka Business Magazine

COVER STORY

“The future belongs to those who believe in the beauty of their dreams.” These memorable words of Eleanor Roosevelt – the diplomat and activist who served as the first lady of the US from 1933 to 1945

BUSINESS SENTIMENT

Time to dig deep for that island sense of joie de vivre and look for those silver linings… And despite the pessimistic economic forecast for the next 12 months

HAVE YOUR SAY

THE ARAGALAYA
How do you view the ongoing people’s struggle?

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EDITORIALS

STATE OF THE NATION

Tharindu PereraJuly 28, 2022No Comment2022-07-29T11:25:42+00:00

It was the best and worst of times. On the one hand, a sovereign nation defaulting on its external debt for the first time, misled by...

AGENTS OF CHANGE

Tharindu Perera July 28, 2022 2022-07-29T00:33:24+00:00

The slogan ‘you’ve messed with the wrong generation’ couldn’t have evaded your eyes or eluded your ears if you have driven past GotaGoGama....

GEN Z PERSPECTIVES

Tharindu Perera July 28, 2022 1 Comment2022-07-29T00:32:05+00:00

Sri Lanka boasts a glorious history that dates back to 161 BCE when great kings such as Dutugemunu and Parakramabahu VI ruled the land...

1 Comment

HEALTHCARE CRISIS

Tharindu Perera July 28, 2022 2022-07-29T00:11:53+00:00

“The government’s solution to a problem is usually as bad as the problem,” says Milton Friedman. And his words are the absolute truth with regard to Sri Lanka...

CURRENT AFFAIRS

BRITAIN TODAY

Tharindu PereraJuly 28, 20222022-07-29T00:37:45+00:00

Prime Minister Boris Johnson seemed to have a tight group of friends who were holding key portfolios in his cabinet. Blind loyalty was the order of the day...

SRI LANKA TODAY

Kasun Basuriya July 28, 2022 No Comment2022-07-29T15:45:29+00:00

There was much anticipation in the country when Ranil Wickremesinghe was appointed prime minister. People believed...

WAR AGAINST CORRUPTION

Kasun Basuriya July 28, 2022 No Comment2022-07-29T11:31:14+00:00

If a country’s leadership and its people ignore rampant corruption, it is seen as an unpatriotic nation. US President Joe Biden...

SOUTH AFRICA TODAY

Kasun Basuriya July 28, 2022 2022-07-29T00:46:13+00:00

South Africa has the world’s 41st largest economy and its rich soil is blessed with an abundance of mineral resources, making the republic a leader in mining...

BUSINESS FORUM

PHARMACEUTICAL SECTOR

Kasun BasuriyaJuly 28, 20222022-07-29T16:04:39+00:00

Even before the outbreak of COVID-19, Sri Lanka’s public healthcare sector was feeling the pressure of a faltering economy in terms of budget allocations...

APPAREL INDUSTRY

Kasun Basuriya July 28, 2022 No Comment2022-07-29T00:59:38+00:00

Sri Lanka’s apparel industry is globally reputed for its high level of quality and reliability; it accounts for 40 percent of the country’s exports....

EXPORT SECTOR

Kasun Basuriya July 28, 2022 2022-07-29T01:01:25+00:00

Sri Lanka’s export sector overcame the shocks of the pandemic considerably well. Total merchandise exports bounced back to pre-pandemic levels...

SRI LANKANS OVERSEAS

Kasun Basuriya July 28, 2022 No Comment2022-07-29T11:35:11+00:00

Sri Lanka has a history of recovering from crises through solidarity; but unfortunately, it has been unable to become a developed nation...

BUSINESS AFFAIRS

ECONOMIC OUTLOOK

Kasun BasuriyaJuly 28, 2022No Comment2022-07-29T01:14:46+00:00

Concerns about a global recession are high with many forecasters now predicting that the world economy may slow down from its post-pandemic recovery...

ECONOMIC MELTDOWN

Rohan July 28, 2022 No Comment2022-07-29T16:11:30+00:00

The spectre of recession is once again rearing its ugly head… and Google searches for ‘recession’ are soaring. It seems that almost no one...

INDUSTRIAL REVOLUTION

Rohan July 28, 2022 2022-07-29T16:12:29+00:00

We have experienced multiple socioeconomic transformations beginning with the First Industrial Revolution in the 18th century. And now, we’re in...

HEALTHCARE SECTOR

Rohan July 28, 2022 2022-07-29T01:28:58+00:00

It’s been a while since the WHO recognised the importance of indigenous medicine – generally known in the West as ‘alternative treatment.’ Sri Lanka’s current...

MANAGEMENT DIGEST

PERSONAL DEVELOPMENT

RohanJuly 28, 2022No Comment2022-08-13T18:15:21+00:00

For entrepreneur, professional speaker and success coach Sheryl Grant, transformational leadership through personal development and community...

RISK MANAGEMENT

Rohan July 28, 2022 No Comment2022-07-29T16:15:03+00:00

If a board has to govern an enterprise’s strategy and guide it, risk oversight is critical. But should the entire board take up the responsibility for risk...

INTERPERSONAL SKILLS

Rohan July 28, 2022 2022-07-29T16:16:02+00:00

In life, and especially in the corporate arena, we focus a lot on how to speak impactfully, present powerfully and negotiate skilfully. But rarely do we...

HUMAN RESOURCES

Rohan July 28, 2022 2022-07-29T16:20:00+00:00

Sri Lanka is currently facing one of its worst economic crises. In the absence of a short-term solution, the country needs to implement a sustainable...

TOP SHELF

LIVING GALLERY

Kasun BasuriyaJuly 28, 20222022-08-06T23:25:37+00:00

I’m a go-getter; and a positive person. I have to thank my father for my optimistic attitude. He was always up and about and very positive about whatever he did...

BOOKRACK

Kasun Basuriya July 28, 2022 2022-07-29T16:24:25+00:00

Is there profit to be made in attempting to fix global problems instead of contributing…...

SO SRI LANKA

Kasun Basuriya July 28, 2022 2022-07-28T20:38:02+00:00

Sigiriya, originally a monastery, later housed a fleeing king and then gained fame as a modern-day tourist hotspot. Tales of its chief historical protagonist are Shakespearean in nature and encompass patricide...

YOUTH FORUM

Kasun Basuriya July 1, 2022 2022-07-10T19:04:30+00:00

The good is seen in the hospitality that Sri Lankans display and the empathy they possess. We are humble and caring, and that’s something...

MEDIA RELEASES

TRANSCO CARGO

Tharindu PereraAugust 16, 20222022-08-16T18:49:39+00:00

Transco Cargo (Pvt) Ltd, the Sri Lankan office of Transco Cargo Australia (Pty) Ltd, a leading freight forwarding and logistics service provider in Australia, has...

SEYLAN BANK

Tharindu Perera August 16, 2022 2022-08-16T18:32:22+00:00

Seylan Bank, the Bank with a Heart, in partnership with the Ceylon Chamber of Commerce (CCC) Centre for SMEs and CIMA, conducted a workshop in Puttalam...

ITC ONE COLOMBO

Tharindu Perera August 15, 2022 2022-08-15T17:27:27+00:00

The US$ 400 million+ ITC One Colombo project, which comprises of the Sapphire Residences residential tower and super luxury ITC hotel, is creating history...

SEYLAN BANK

Tharindu Perera August 15, 2022 2022-08-15T11:08:20+00:00

Seylan Bank recorded a Profit after Tax of Rs. 1,504 Mn for the 6 months ended 30th June 2022 against Rs. 2,105 Mn reported in the corresponding period of...

AYOZAT

Tharindu Perera August 10, 2022 2022-08-12T13:17:48+00:00

Sri Lankan-born Umesh Perera is showing his country men and women the power of effective leadership by making waves in the global music industry through...

DARAZ

Tharindu Perera August 10, 2022 2022-08-10T12:56:27+00:00

Sri Lanka’s e-commerce marketplace leader Daraz recently concluded the annual “Daraz Payment Partner Performance Awards 2022” on a high note at Uga...

AIA INSURANCE

Tharindu Perera August 9, 2022 2022-08-09T20:45:26+00:00

AIA Insurance together with the Wayamba University of Sri Lanka congratulates the most recent batch of AIA Wealth Planners and Wealth Planners’ Managers...

WORLD FOOD PROGRAMME

Tharindu Perera August 9, 2022 2022-08-09T12:46:51+00:00

The United Nations World Food Programme (WFP) has welcomed a critical contribution of NOK 5 million (approximately Rs 189 million, or US $500,000) from...

UNION ASSURANCE

Tharindu Perera August 9, 2022 2022-08-09T10:53:05+00:00

Enhancing its legacy of excellence, Union Assurance has won top accolades for its comprehensive Health insurance solution – Health 360. The awards recognised...

THE NATIONAL PEACE COUNCIL

Tharindu Perera August 9, 2022 2022-08-09T10:47:20+00:00

President Ranil Wickremesinghe’s inaugural address to parliament set forth a vision of good governance and civility that would stand among the most outstanding...

ASIA YOUNG DESIGNER AWARDS

Tharindu Perera August 8, 2022 2022-08-08T14:50:57+00:00

The Asia Young Designer Awards – Sri Lanka 2021/2022 winners were felicitated recently at a colorful ceremony at the Water’s Edge, Battaramulla. AYDA which...

SLSBC

Tharindu Perera August 8, 2022 2022-08-08T14:37:32+00:00

The 25th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 27th July, 2022 via...

PARTNER NEWS

U SOFTO

Tharindu PereraAugust 16, 20222022-08-16T18:58:01+00:00

U Softo, the everyday wear footwear brand of D. Samson Industries (Pvt.) Ltd., is a staple footwear brand in Sri Lanka that is synonymous with ultra-comfort...

SAMPATH BANK

Tharindu Perera August 16, 2022 2022-08-16T18:37:59+00:00

Sampath Bank continued to maintain a solid capital base and stable liquidity profile in the first half of 2022 notwithstanding multiple economic challenges...

SAMPATH BANK

Tharindu Perera August 8, 2022 2022-08-08T13:58:02+00:00

Sampath Bank recently announced its sponsorship of the Jaffna Poson Festival at the Sri Naga Vihara International Buddhist Center on June 14 and 15, 2022...

PAN ASIA BANK

Tharindu Perera August 4, 2022 2022-08-04T17:24:33+00:00

Further consolidating its advanced Information Technology (IT) Infrastructure and Applications required for optimal functioning, Pan Asia Bank announced the...

PAN ASIA BANK

Tharindu Perera August 4, 2022 2022-08-04T17:16:07+00:00

Pan Asia Bank recently signed an agreement with Union Assurance PLC to offer its valued customer base a wide range of Life, Health, and Investment insurance solutions....

NDB BANK

Tharindu Perera August 2, 2022 2022-08-09T16:50:25+00:00

National Development Bank PLC cemented its market leader position by being awarded the ‘Best Bank in Sri Lanka 2022’ title by the...

NDB BANK

Tharindu Perera August 2, 2022 2022-08-02T16:16:45+00:00

NDB Bank recently partnered with the Kandy City Centre Farmer’s Market in an effort to uplift the Agri businesses in the central province...

SRI LANKA INSURANCE

Tharindu Perera July 28, 2022 2022-07-28T18:10:35+00:00

The national insurer Sri Lanka Insurance partnered with the Association of International Marketing Graduates (AIMG) of Sri Lanka in...

SAMPATH BANK

Tharindu Perera July 22, 2022 2022-07-22T10:09:06+00:00

Sampath Bank just introduced ‘Cycle to Work,’ a program promoting an eco-friendly, healthy and economical mode of transportation...

HNB PLC

Tharindu Perera July 11, 2022 2022-07-11T16:24:14+00:00

Sri Lanka’s leading private sector bank, HNB PLC, expanded its ‘Walk the Talk’ initiative to promote a more eco-friendly, healthy and...

HNB PLC

Tharindu Perera July 11, 2022 2022-07-11T16:18:46+00:00

Supporting the Lady Ridgeway and Colombo South Teaching Hospitals during this time of need, Sri Lanka’s leading private sector bank...

HNB PARTNERS

Tharindu Perera July 11, 2022 2022-07-11T16:11:44+00:00

Sri Lanka’s premier private sector bank HNB PLC renewed its partnership with Bileeta Ltd., a dominant player in the local ERP space...

OPINION POLLS

BUSINESS SENTIMENT

Kasun BasuriyaJuly 28, 20222022-07-29T12:47:16+00:00

Time to dig deep for that island sense of joie de vivre and look for those silver linings… And despite the pessimistic economic forecast for the next 12 months...

BURNING ISSUES

Tharindu Perera July 28, 2022 2022-07-29T12:58:37+00:00

These days, the quality of life of Sri Lankans from every walk of life is measured by the anxious hours spent not only in interminable queues...

THE ECONOMY

Kasun Basuriya July 28, 2022 2022-07-29T12:58:06+00:00

At the end of June, inflation was 54.6 percent with food inflation as high as 80.1 percent. The untold suffering of middle and lower income households...

CONSUMER CONFIDENCE

Kasun Basuriya July 28, 2022 2022-07-29T12:51:44+00:00

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FINANCIAL PROFILES

EXECUTIVE HEALTH

Kasun BasuriyaJuly 28, 20222022-07-28T20:23:23+00:00

For the past few months, we’ve been managing as best as we can with hardly any gas, barely enough kerosene oil, and minimal petrol and diesel. ...

MICROCOSM

Kasun Basuriya July 28, 2022 2022-07-29T12:39:20+00:00

The Minister of Finance has reduced the amount of foreign currency that can be retained by a person in Sri Lanka from US$ 15,000 to 10,000...

KEY ECONOMIC DATA

Kasun Basuriya July 27, 2022 2022-07-29T12:44:42+00:00

...

EXECUTIVE HEALTH

Kasun Basuriya July 1, 2022 2022-07-01T11:14:25+00:00

One of the problems that can occur as people age is that the valves in their hearts may become stiff and fail to function as well as they did when they were younger....

ONLINE EXCLUSIVES

S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating

Kasun BasuriyaAugust 15, 20222022-08-15T22:19:28+00:00

People walk along the Pettah Market, amid the country's economic crisis, in Colombo, Sri Lanka,…...

OIL PRICES HAVE TUMBLED ALMOST 30% IN 2 MONTHS. HERE’S WHY, AND WHAT COULD HAPPEN NEXT.

Kasun Basuriya August 12, 2022 2022-08-12T18:28:12+00:00

Oil prices have fallen sharply since June. picture alliance/Getty Images Business Insider - August 10, 2022…...

SATELLITE IMAGERY SHOWS ANTARCTIC ICE SHELF CRUMBLING FASTER THAN THOUGHT

Kasun Basuriya August 12, 2022 2022-08-12T12:56:24+00:00

An aerial view of the 200-foot-tall (60-meter-tall) front of the Getz Ice Shelf with cracks,…...

‘TOO MANY EMPLOYEES, BUT FEW WORK’: PICHAI, ZUCKERBERG SOUND THE ALARM

Kasun Basuriya August 10, 2022 2022-08-10T20:08:24+00:00

File Photo: Google CEO Sundar Pichai With global recession fears looming, some of the biggest…...

Tharindu Perera August 9, 2022 2022-08-09T14:27:14+00:00

Q: In your view, has the aragalaya led to a united Sri Lanka – and…...

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