LMD | Sri Lanka Business Magazine

HAVE YOUR SAY

NEW YEAR WISH LIST
What hopes and expectations do you have for year 2020?

COVER STORY

THE PRESIDENTIAL ELECTION

BUSINESS SENTIMENT

INDEX AT AN EIGHT MONTH HIGH

SRI LANKAN OF THE YEAR (SLOTY) 2019

Guess who LMD's 2019 SLOTY is and win gift vouchers from HUGO BOSS!*

DRIVE

A mandatory addition to the bookshelves of motoring enthusiasts

BREAKING NEWS

THE TOP 20 LMD 100 LISTED COMPANIES UNVEILED
The full list will be published in LMD's forthcoming special edition.

SHUTTER BUZZ

This week on ShutterBuzz, we focus on elections laws and we thank Asoka Obeyesekere of Transparency Sri Lanka, for giving us his views.

AMBIENCE

Showcasing the best of contemporary design in Sri Lanka and beyond

EDITORIALS

THE BIG PICTURE

subraNo Comment2019-10-28T06:00:43+00:00

An election that will cost taxpayers a whopping Rs. 7 billion (reportedly the latest estimate by the Election Commission) – that’s more...

STATE OF THE NATION

subra 2019-10-28T05:00:59+00:00

I am lost for words. There are a record number of challengers vying for the executive hot seat. Since nomination day saw 35 of the 41 aspirants seal...

FUNDING CONUNDRUM

subra 2 Comments2019-10-28T04:00:43+00:00

With the presidential election only weeks away, the government has been roundly criticised for failing to boost economic growth...

2 Comments

HONG KONG UNDER SIEGE

subra 2019-10-28T03:00:01+00:00

Street protests may be interesting to watch from a safe distance but you have to be up close for the adrenaline rush. I’ve come awfully close to some protests ...

CURRENT AFFAIRS

THE PROXY WAR

subraNo Comment2019-10-28T13:52:39+00:00

On 14 September, Yemen’s Houthi rebels fired missiles using drones and set ablaze two major oil installations run by Saudi Aramco. Not long ...

POLITICAL CHICANERY

subra 2 Comments2019-10-28T05:00:24+00:00

Power is a deadly phenomenon that robs supposedly responsible people of every shred of decency and honesty. As American...

2 Comments

HUMAN MECHANICS

subra 2019-10-28T04:00:19+00:00

I had to undergo an MRI scan recently and the consent form that needed to be signed prior to the procedure required verification of the numerous...

GERMANY TODAY

subra 2019-10-28T03:00:45+00:00

A recession is generally defined as two consecutive quarters of negative growth. While the German economy contracted by 0.1 percent in the second ...

BUSINESS FORUM

EYEWEAR SECTOR

subra2019-10-29T07:00:29+00:00

The government’s Vision 2020 programme provides free eye care and lenses, and is aimed at eliminating avoidable blindness in Sri Lanka by 2020...

ICT INDUSTRY

subra 2019-10-29T06:00:56+00:00

It hasn’t been very good relative to some other Asian economies. But based on its performance in the past, Sri Lanka has made progress over the last few years...

EXPORT SECTOR

subra No Comment2019-10-28T04:00:35+00:00

As a logistics provider, we have certainly witnessed growth over the last few years but not at the same pace as in the past. Several factors have hindered rapid growth...

DESTINATION SRI LANKA

subra No Comment2019-10-28T03:00:53+00:00

My impressions of Sri Lanka are that it is a clean, warm, welcoming, interesting, pristine and cricket loving nation – a nation of...

BUSINESS AFFAIRS

INDUSTRY 4.0

Sachira De Silva2019-10-28T06:00:37+00:00

Sri Lanka has experienced a slowdown in economic growth over the last few years. Climatic impacts on the agriculture sector, policy uncertainty, political gridlock...

BANKING SECTOR

Sachira De Silva No Comment2019-10-28T05:00:33+00:00

Banking is being progressively commoditised globally through standardisation, price transparency and easily accessible...

THE AI CHALLENGE

Sachira De Silva No Comment2019-10-28T04:00:10+00:00

Hardly any industries will not benefit from the use of AI systems. And there are suggestions that SMEs would also benefit from deploying such...

SUSTAINABILITY GOALS

Sachira De Silva 2019-10-28T03:00:00+00:00

The Sustainable Development Goals (SDGs) developed by stakeholders including the private sector present an unprecedented opportunity to eliminate global...

MANAGEMENT DIGEST

WORK-LIFE BALANCE

Sachira De Silva3 Comments2019-10-28T06:00:21+00:00

Of all the narratives about work and life, this is the most persistent – success at work requires harsh tradeoffs in the rest of life...

3 Comments

CRISIS MANAGEMENT

Sachira De Silva 2019-10-28T05:00:45+00:00

There are always warning signs that a marriage, team, company or country is beginning to go downhill – even if it’s at an imperceptibly slow pace...

BRAND BUILDING

Sachira De Silva 2 Comments2019-10-28T04:00:27+00:00

Brand building is no small feat. Developing a brand involves a meticulous process for any business. Most brand custodians...

2 Comments

EDUCATING SRI LANKA

Sachira De Silva 2019-10-28T03:00:31+00:00

There are teachers… and then there are teachers. Having been to eight schools in three countries (viz. India, the US and Sri Lanka), I have probably run the...

TOP SHELF

YOUTH FORUM

Sachira De Silva1 Comment2019-10-28T06:00:47+00:00

Since it is a primary aspect of my life, education is what’s most challenging. There aren’t adequate higher education opportunities...

1 Comment

LIFESTYLE

Sachira De Silva 2019-10-28T05:30:53+00:00

My dad the late T. R. R. Rajan was an entrepreneur, industrialist and philanthropist. I live with my mother Jeewa who is a philanthropist...

THE ROVING DIPLOMAT

Sachira De Silva 2019-10-28T04:00:17+00:00

On 11 September 2001, the world nosedived into a crisis without a parallel in the history of civilisation. The Economist very aptly described the event as “the...

DIPLOMATIC MISSION

Sachira De Silva 2019-10-28T03:00:41+00:00

Having worked in government nearly all her career spanning two decades, the Ambassador of Vietnam to Sri Lanka and the Maldives Pham Thi Bich Ngoc...

MEDIA RELEASES

SERENDIB FLOUR MILLS

Sachira De Silva2019-11-15T04:00:01+00:00

Serendib Flour Mills, one of the most trusted wheat flour manufacturers in Sri Lanka, celebrated success on the global stage as one of its team members...

PELWATTE DAIRY

Sachira De Silva 2019-11-15T03:00:59+00:00

Pelwatte Dairy Industries Ltd, Sri Lanka’s 100% local dairy manufacturer extended its support to the Culinary Art and Food Expo 2019 (CAFÉ 2019) for the second...

OMG

Sachira De Silva 2019-11-14T10:00:28+00:00

The Omnicom Media Group – Sri Lanka takes on a totally new look showcasing the new worldwide logo with its modern, dynamic interior layout...

LPW

Sachira De Silva 2019-11-14T09:00:26+00:00

With Colombo city turning into a business hub more than a residential area, recent studies of LankaPropertyWeb (LPW) show that apartment developers...

THE COMMONWEALTH

Sachira De Silva 2019-11-13T14:33:06+00:00

The Commonwealth is deploying a team to observe the presidential election in Sri Lanka. A ten member Commonwealth Observer Group led by Prosper Bani...

NATIONAL PEACE COUNCIL

Sachira De Silva 2019-11-13T13:33:37+00:00

The outcome of the forthcoming presidential election on November 16 is fraught with uncertainty with anxiety about the future...

LOT POLISH AIRLINES

Sachira De Silva 2019-11-13T09:00:41+00:00

‘’LOT’’ Polish Airlines, a modern airline connecting Central and Easter Europe, made its inaugural flight to Sri Lanka from Warsaw to Colombo on...

KEMARA

Sachira De Silva 2019-11-13T07:00:00+00:00

Prioritizing nutrition amidst a busy schedule is a dilemma faced by many in Sri Lanka. Food-related predicaments come in many forms: diabetes, IBS, gluten, dairy...

DARAZ

Sachira De Silva 2019-11-11T09:00:24+00:00

The Daraz 11.11. sale will go live at midnight on 11th November, bringing the best discounts and deals of the year for online shoppers...

CSE

Sachira De Silva 2019-11-11T08:00:19+00:00

The third edition of Sri Lanka’s only capital market quiz - CSE masterminds organized by the Colombo Stock Exchange (CSE) was recently held at the Waters Edge Hotel...

BBW

Sachira De Silva 2019-11-11T07:00:19+00:00

The Big Bad Wolf Book Sale moved forward in full swing and attracted hordes of book enthusiasts from every part of the country. The Sale, which opened its doors...

SERENDIB FLOUR MILLS

subra 2019-11-08T10:15:27+00:00

Serendib Flour Mills, the manufacturers of high quality 7 Star Wheat flour in Sri Lanka, took home 3 awards – 2 golds and 1 bronze ...

PARTNER NEWS

SLT

Sachira De Silva2019-11-15T02:00:57+00:00

Sri Lanka Telecom (SLT), the national ICT and digital service provider and the leading broadband and backbone infrastructure services provider was proud to...

SLT

Sachira De Silva 2019-11-15T01:00:54+00:00

Sri Lanka Telecom (SLT) the national ICT and digital solutions provider was proud to launch the 3rd edition of the “SLT 01 Awards for Digital Excellence”...

MOBITEL

Sachira De Silva 2019-11-14T08:00:24+00:00

Mobitel affirmed its position as the leading mobile service provider in the country at the SLIM NASCO 2019 Awards, held on 15th October 2019...

MOBITEL

Sachira De Silva 2019-11-14T07:00:20+00:00

Brining the latest technology and devices to its valued clients, the National Mobile Service Provider Mobitel unveiled latest Apple devices, including...

SINGER

Sachira De Silva 2019-11-13T06:00:26+00:00

Singer, the country’s premier consumer durables retailer recently introduced six locally manufactured innovative refrigerator models at a gala ceremony...

BOC

Sachira De Silva 2019-11-11T06:00:07+00:00

Bank of Ceylon as the leading commercial bank in Sri Lanka commemorating its 80th anniversary this year unveiled a symposium on Innovative...

SLT

subra 2019-11-08T10:12:41+00:00

In today’s day and age, the disparity among the generations are broader with latest trends and developments in the technological world. As a result, on 24th July 2019...

SINGER

subra 2019-11-07T10:03:59+00:00

Singer Sri Lanka PLC, a household name in consumer durables and a diversified company in the country introduced a range of new TV and Audio products from Sony Electronics ...

PLC

subra 2019-11-06T10:41:17+00:00

People’s Leasing & Finance PLC, the leading non-bank finance sector company in Sri Lanka, affiliated to the People’s Bank, donated a Digital X-Ray system...

MOBITEL

subra 2019-11-05T12:36:33+00:00

Showcasing its superior dominance in the Roaming category, Mobitel, Sri Lanka’s premier mobile network provider sponsored Yes 101 and Shakthi FM...

MOBITEL

subra 2019-11-05T10:42:16+00:00

Responding to people’s needs for a fast, uninterrupted and unlimited data package, Mobitel recently launched the ‘Master Unlimited Data’ package to empower data hungry ...

COMBANK

subra 2019-11-04T11:15:37+00:00

The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the ...

ONLINE EXCLUSIVES

TOURISM INDUSTRY

Sachira De Silva2019-11-13T13:46:43+00:00

International tourist arrivals to Sri Lanka declined for the seventh month following the Easter Sunday attacks. A decline of 22.5 percent was recorded in...

TRANSPORT NETWORK

subra 2019-11-08T12:12:42+00:00

The Road Development Authority (RDA) of Sri Lanka announced that two more sections of the Southern Expressway (E01) will be opened for vehicular traffic...

BIZ DEVELOPMENT

subra 2019-11-04T14:58:22+00:00

Japanese Ambassador to Sri Lanka Akira Sugiyama has welcomed an invitation extended to the Japanese biz community to invest in industrial zones...

RAIL SERVICES

subra 2019-11-01T18:00:20+00:00

The country’s first intercity train between Colombo Fort and Badulla – Denuwara Menike – commenced service on the main line recently...

WATER SUPPLY

subra 2019-10-28T15:37:15+00:00

The construction of three major reservoirs in the Uma Oya Hydropower Complex (a.k.a. Uma Oya Multipurpose Development...

BUSINESS CLIMATE

subra 2019-10-25T17:22:39+00:00

Sri Lanka has moved one place higher and is now ranked 99th of 190 countries in the Doing Business 2020 index, according to the World Bank...

TOURISM INDUSTRY

subra 2019-10-24T14:17:16+00:00

Sri Lanka’s Ministry of Tourism Development and Christian Religious Affairs announced that it would launch a short-term TV marketing campaign...

GLOBAL FINANCE

subra 2019-10-23T15:15:03+00:00

The Financial Action Task Force (FATF) has delisted Sri Lanka from its compliance document a.k.a. the ‘grey list...

ONLINE FEATURES

FITCH RATINGS

subra2019-11-07T12:36:05+00:00

Fitch Ratings has assigned Sri Lankan retailer Abans PLC's (BBB+(lka)/Stable) proposed senior unsecured redeemable debenture issue of up to LKR2.0 billion...

FITCH RATINGS

subra 2019-11-07T12:12:18+00:00

Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured debentures of up...

FITCH RATINGS

subra 2019-11-04T16:06:43+00:00

This is a correction of a release published on 22 October 2019. It corrects the leverage level above which negative rating action may be taken....

FITCH RATINGS

subra 2019-11-04T16:02:37+00:00

Fitch Ratings has affirmed Sri Lanka-based consumer-durables retailer Abans PLC's (Abans) National Long-Term Rating at 'BBB+(lka)' with a Stable Outlook...

WORLDBANK

subra 2019-10-14T11:32:16+00:00

In line with a global downward trend, growth in South Asia is projected to slow to 5.9 percent in 2019, down 1.1 percentage points from April 2019 estimates...

WORLD BANK

Sachira De Silva 2019-10-09T16:52:57+00:00

Distinguished Members of the Association of Professional Bankers in Sri Lanka. Thank you for inviting me to this 31st Anniversary Convention...

FITCH RATINGS

subra 2019-10-08T13:17:18+00:00

Fitch Ratings Lanka has affirmed Citibank N.A. - Colombo Branch's (CitiSL) National Long-Term Rating at 'AAA(lka)'. The Outlook is Stable...

FITCH RATINGS

subra 2019-10-08T13:14:44+00:00

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) National Long-Term Rating at 'AAA(lka)'. The Outlook is Stable...

November 2019
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