LMD | Sri Lanka Business Magazine

COVER STORY

VOICE OF THE PEOPLE

BUSINESS SENTIMENT

To say that what the people are enduring is akin to ‘adding insult to injury’ would be the mildest description possible in our gloomy

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THE ARAGALAYA
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EDITORIALS

THE BIG PICTURE

Tharindu PereraJune 1, 2022No Comment2022-06-02T11:05:54+00:00

Think about the maxim ‘united we stand, divided we fall.’ Then consider the two parts that constitute it – and whether...

STATE OF THE NATION

Tharindu Perera June 1, 2022 2022-06-01T15:34:57+00:00

Sri Lanka seemed to be on the cusp of sweeping change recently when the unthinkable happened. The state – in the person and...

NATIONAL RECONCILIATION

Tharindu Perera June 1, 2022 No Comment2022-06-01T15:32:37+00:00

Public opinion against the government and its leadership took a turn for the worse with the economic crisis began to be felt since...

FOOD SECURITY

Tharindu Perera June 1, 2022 2022-06-03T11:05:40+00:00

Due to the rapidly rising cost of global commodities, and their direct and indirect impact on domestic prices, depreciation of the rupee...

CURRENT AFFAIRS

BRAND SRI LANKA

Tharindu PereraJune 1, 2022No Comment2022-06-02T11:09:33+00:00

Sri Lanka has been struggling with its worst economic crisis since independence in 1948, and this has paved the way for political and...

ISRAEL TODAY

Tharindu Perera June 1, 2022 No Comment2022-06-03T11:35:20+00:00

In August last year, the UAE made history when it became the first Gulf state to establish diplomatic relations with Israel...

THE GREAT GAME

Tharindu Perera June 1, 2022 2022-06-01T15:52:19+00:00

I’m brassed off because no one called me or sought my opinion on Ukraine. I’ve been aware of the situation in Ukraine...

CORPORATE COMPENSATION

Tharindu Perera May 5, 2022 No Comment2022-05-06T10:55:54+00:00

High end earnings and bonuses are considered normal when associated with top-level corporate positions...

BUSINESS FORUM

RUBBER INDUSTRY

Tharindu PereraJune 1, 20222022-06-02T14:22:20+00:00

Last year, Sri Lanka’s rubber industry recorded US$ 1.2 billion in exports with 70-80 percent revolving around tyres, 20-30 percent handed...

HUMAN RESOURCES

Tharindu Perera June 1, 2022 2022-06-01T16:59:44+00:00

HR needs to be aligned with the ‘Fifth Industrial Revolution’ of personalisa¬tion and human resources professionals must...

SHIPPING INDUSTRY

Tharindu Perera June 1, 2022 No Comment2022-06-02T14:23:13+00:00

Despite the many challenges faced by the supply chain and shipping networks, demand is higher than it was in the pre-pandemic period...

BANKING SECTOR

Tharindu Perera June 1, 2022 No Comment2022-06-02T14:24:14+00:00

The pandemic was a defining moment in the evolution of banking and it paved the way for a convergence of trends...

BUSINESS AFFAIRS

THE ECONOMIC CRISIS

Tharindu PereraJune 1, 2022No Comment2022-06-02T11:10:20+00:00

The Central Bank of Sri Lanka (CBSL) has released its annual report for 2021, highlighting some of the developments that occurred ...

GLOBAL DEBT CRISIS

Tharindu Perera June 1, 2022 No Comment2022-06-02T11:14:02+00:00

Debt in emerging markets and developing economies (EMDEs) is at its highest level in half a century. The pandemic induced recession...

AGRICULTURE SECTOR

Tharindu Perera June 1, 2022 2022-06-03T11:36:54+00:00

Globally, about 84 percent of farms are smaller than two hectares and operate on around 12 percent of farmland...

CORPORATE GOVERNANCE

Tharindu Perera June 1, 2022 2022-06-03T11:38:21+00:00

Resilience is the ability to thrive under change. The highly VUCA (volatility, uncertainty, complexity and ambiguity...

MANAGEMENT DIGEST

CO-OPETITION DYNAMICS

Kasun BasuriyaJune 21, 20222022-06-21T21:39:21+00:00

RIVALS IN COLLABORATION Don’t rule out the value of ‘co-opetition’ BY Jayashantha Jayawardhana The term…...

EDUCATING SRI LANKA

Kasun Basuriya June 19, 2022 2022-06-19T11:38:27+00:00

GROWING PAINS Well-rounded children find the transition to adulthood easier BY Goolbai Gunasekara Teenage patterns…...

HONOURABLE LEADERSHIP

Tharindu Perera June 1, 2022 No Comment2022-06-02T11:16:09+00:00

When it comes to leaders demonstrating vulnerability, executives are understandably concerned about optics...

POST-TRUTH WORLD

Tharindu Perera June 1, 2022 2022-06-02T11:17:02+00:00

We live in a world where advanced technology and digital machines shape our institutions. As such, there is a tendency...

TOP SHELF

YOUTH FORUM

Tharindu PereraJune 1, 2022No Comment2022-06-01T16:27:27+00:00

Sri Lanka has a diverse array of offerings that range from a tropical climate, beauti¬ful beaches and incredible...

BOOKRACK

Tharindu Perera June 1, 2022 2022-06-03T16:24:02+00:00

The ‘ethnic conflict’ in Sri Lanka had another side to it: writers in uniform whose existence was known only by a name...

LIFESTYLE

Tharindu Perera June 1, 2022 2022-06-02T13:55:32+00:00

To extend my support and care in whatever capacity I can towards the wellbeing of friends and family, and the community...

YOUTH FORUM

Tharindu Perera May 5, 2022 No Comment2022-05-06T11:57:26+00:00

I think Sri Lanka is a blessed country. Be it sandy beaches, scenic mountain ranges or any other natural resource the ‘Pearl of...

MEDIA RELEASES

DIAMOND BEST FOODS

Kasun BasuriyaJune 23, 20222022-06-23T17:48:33+00:00

Roza Pasta Makes Gourmet Meals at Home So Much Easier Diamond Best Foods Introduces Innovative…...

CA SRI LANKA

Kasun Basuriya June 23, 2022 2022-06-23T18:01:24+00:00

CA Sri Lanka launches landmark Non-Financial Reporting Guideline to promote non-financial reporting practices among companies…...

SAIL LANKA CHARTER

Kasun Basuriya June 23, 2022 2022-06-23T17:35:40+00:00

Sail Lanka Charter Launches Six-Night Cruise in Eastern Waters Whale and dolphin watching in the…...

CIMA

Kasun Basuriya June 23, 2022 2022-06-23T12:03:31+00:00

New CIMA President urges accounting profession to step forward and build trust, opportunity and prosperity…...

CEYLON CHAMBER OF COMMERCE

Kasun Basuriya June 22, 2022 2022-06-23T12:16:35+00:00

Ceylon Chamber and Ministry of Environment Propose ‘Collect-Back’ Plastic Waste Management Model for the Private…...

UNION ASSURANCE PARTNERS WITH FRIMI

Tharindu Perera June 21, 2022 2022-06-21T15:45:43+00:00

In a ground-breaking move to offer protection to Sri Lankans, Union Assurance, being at the forefront of digitalisation, has partnered with Sri Lanka’s leading...

SAGT LAUNCHES A SELF-SERVICE ONLINE E-DA FACILITY

Tharindu Perera June 20, 2022 2022-06-20T19:34:52+00:00

South Asia Gateway Terminals (Pvt) Ltd (SAGT), Sri Lanka’s first Private Public Partnership (PPP) container terminal, launched the first self-service online e-DA...

ITC ONE COLOMBO DEVELOPMENT ACHIEVES

Tharindu Perera June 20, 2022 2022-06-20T19:16:58+00:00

With significant progress in construction work, the US$ 400 million+ ITC One Colombo development has successfully crossed several major milestones on its...

UNILEVER

Tharindu Perera June 20, 2022 2022-06-21T11:09:30+00:00

Unilever Sri Lanka has been honoured with the ISO 14001:2015 certification for its Horana based manufacturing facility by the Sri Lanka Standards Institute...

UNICEF APPEALS FOR US$25 MILLION

Tharindu Perera June 20, 2022 2022-06-20T17:14:05+00:00

The debilitating crisis in Sri Lanka has left nearly half of the children in the country in need of some form of humanitarian assistance....

LISTEN TO THE VOICE OF THE CHILDREN

Tharindu Perera June 20, 2022 2022-06-20T16:48:25+00:00

We just returned from a workshop in Kathmandu organized by UNICEF, which brought together religious leaders from different faiths from across South Asia...

WORLD FOOD PROGRAMME

Tharindu Perera June 20, 2022 2022-06-20T12:16:51+00:00

The United Nations World Food Programme (WFP) today began distributing food vouchers to pregnant women in underserved districts of Colombo, marking...

PARTNER NEWS

MASTERCARD

Kasun BasuriyaJune 22, 20222022-06-23T12:16:48+00:00

Mastercard collaborates with Scybers to address fast-changing risk landscape Scybers to market and sell Mastercard’s…...

SRI LANKA INSURANCE

Kasun Basuriya June 22, 2022 2022-06-23T12:16:58+00:00

Sri Lanka Insurance “Call to Donate” CSR initiative extend a helping hand to the Pediatric…...

SAMPATHCARDS INTRODUCES

Tharindu Perera June 20, 2022 2022-06-20T16:22:18+00:00

SampathCards has partnered with Keells Supermarkets for the first time in Sri Lanka to introduce a new method of redeeming rewards points for Sampath Cardholders...

OCEAN BLUES & CJS

Kasun Basuriya June 15, 2022 2022-06-23T12:17:09+00:00

A Magical Blue Sapphire to Conserve the Majestic Sperm Whale CJS & Oceanswell write third…...

DFCC Bank PLC

Kasun Basuriya June 15, 2022 2022-06-15T22:10:45+00:00

DFCC Bank Collaborates with Mastercard to Facilitate Electronic Payments via Mastercard Payment Gateway XX June…...

UNILEVER

Kasun Basuriya June 15, 2022 2022-06-23T12:17:17+00:00

Unilever’s Horana Factory Awarded Coveted ISO 14001:2015 Environmental Management System Certification A step forward in upholding…...

SLIC

Kasun Basuriya June 15, 2022 2022-06-15T22:17:00+00:00

Insurance Association of Sri Lanka (IASL) appoints office bearers for the year 2022 Colombo 13th…...

SLTMobitel

Kasun Basuriya June 7, 2022 2022-06-07T15:44:49+00:00

SLT-MOBITEL Expands 5G Pre-Commercial Trial Network Across Sri Lanka Unlocking Futuristic Mobile Experiences for Customers…...

SLTMobitel

Kasun Basuriya June 7, 2022 2022-06-07T15:20:49+00:00

Driving sustainable green initiatives to fight against climate change and generate long-term value for Sri…...

HNB

Tharindu Perera June 6, 2022 2022-06-06T15:45:14+00:00

Sri Lanka’s premier private sector bank HNB PLC recently signed a Memorandum of Understanding (MoU) with PPOD Consultancies...

HNB

Tharindu Perera June 6, 2022 2022-06-06T15:19:25+00:00

In the backdrop of turbulent market conditions, Hatton National Bank PLC continued to demonstrate resilience, strength and stability...

HNB

Tharindu Perera June 6, 2022 2022-06-06T15:12:48+00:00

HNB PLC sealed its reputation as Sri Lanka’s undisputed leader in retail banking, having been crowned as the Best Retail Bank in Sri Lanka...

OPINION POLLS

EXECUTIVE HEALTH

Kasun BasuriyaJune 24, 20222022-06-24T18:38:01+00:00

THE ‘DIABETES TEAM’ BY Dr. Sanjiva Wijesinha Managing diabetes is relatively easy, provided that such…...

BUSINESS SENTIMENT

Tharindu Perera June 1, 2022 2022-06-01T16:29:57+00:00

To say that what the people are enduring is akin to ‘adding insult to injury’ would be the mildest description possible in our gloomy ...

BURNING ISSUES

Tharindu Perera June 1, 2022 2022-06-01T16:33:15+00:00

The Sri Lankan New Year (Avurudu) and Vesak came and went almost furtively as the economic crisis plumbed...

THE ECONOMY

Tharindu Perera June 1, 2022 2022-06-01T16:30:54+00:00

“The newly appointed prime minister brought in mixed feelings along with mistrust and speculation. The worsening...

FINANCIAL PROFILES

MICROCOSM

Tharindu PereraJune 1, 20222022-06-01T16:35:36+00:00

The IMF has said it will continue technical level talks with Sri Lanka in preparation for policy discussions once a new government is formed...

KEY ECONOMIC DATA

Tharindu Perera June 1, 2022 2022-06-01T16:34:56+00:00

...

GLOBAL FOOD SECURITY

Tharindu Perera June 1, 2022 2022-06-01T16:35:03+00:00

...

CITIZENSHIP PROGRAMME

Tharindu Perera June 1, 2022 2022-06-01T16:35:10+00:00

...

ONLINE EXCLUSIVES

RESEARCH FROM 44 COUNTRIES SHOWS LEVELS OF RISING INFLATION ACROSS THE WORLD

Kasun BasuriyaJune 24, 20222022-06-24T18:13:23+00:00

Inflation is rising substantially around the : Unsplash/John McArthur World Economic Forum - 23 June 2022…...

EXPLAINER: WHY CHINA’S YUAN IS WEAK AND MAY GET EVEN WEAKER

Kasun Basuriya June 24, 2022 2022-06-24T12:39:54+00:00

Counting yuan notes. Asia Financial - June 21, 2022 China’s yuan is this year facing the…...

SRI LANKAN PRIME MINISTER: ISLAND’S ECONOMY ‘HAS COLLAPSED’

Kasun Basuriya June 23, 2022 2022-06-23T23:48:36+00:00

Women wait in a queue to buy kerosene in in Colombo, Sri Lanka, Saturday, June…...

AIR INDIA PREPARES ONE OF THE LARGEST AIRCRAFT DEALS IN AVIATION HISTORY

Kasun Basuriya June 23, 2022 2022-06-23T17:22:46+00:00

Air India. Photo: Bloomberg Business Standard - June 20, 2022 Air India Ltd. is considering ordering as…...

80% OF ECONOMISTS SEE ‘STAGFLATION’ AS A LONG-TERM RISK. WHAT IT IS AND HOW TO PREPARE FOR IT

Kasun Basuriya June 23, 2022 2022-06-23T14:23:15+00:00

Runaway inflation has raised fears that the economy is headed towards a return of stagflation…...

CRYPTO FEARS NOW MATERIALISING, CENTRAL BANK BODY BIS SAYS

Kasun Basuriya June 22, 2022 2022-06-22T17:07:55+00:00

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC…...

‘PERFECT STORM’ FOR AIRLINES FACING STRONG U.S. DOLLAR AND HIGH OIL PRICES

Kasun Basuriya June 22, 2022 2022-06-22T13:06:06+00:00

A passenger plane is seen with the moon behind as it begins its final landing…...

PRESIDENT MACRON LOSES MAJORITY IN FRENCH ELECTION SETBACK

Kasun Basuriya June 21, 2022 2022-06-21T18:51:39+00:00

French President Emmanuel Macron at the Viva Technology Conference in Paris on June 17, 2022…...

ONLINE FEATURES

SRI LANKA BONDHOLDERS ANNOUNCE FORMATION OF GROUP

Kasun BasuriyaJune 22, 20222022-06-23T09:59:36+00:00

NEW YORK, June 21, 2022 /PRNewswire/ -- More than 30 institutional holders of the 11 outstanding series of…...

FINANCE SECTOR AMONG MOST BREACHED

Tharindu Perera May 30, 2022 2022-06-15T14:43:51+00:00

what does that say about your boss’s passwords? Study: “123456” is the most common password…...

FITCH AFFIRMS SRILANKAN AIRLINES’ GOVERNMENT-GUARANTEED BONDS AT ‘C’

Tharindu Perera May 23, 2022 2022-05-23T16:09:09+00:00

Fitch Ratings - Singapore/Colombo - 20 May 2022: Fitch Ratings has affirmed the rating on SriLankan Airlines Limited's (SLA) USD175...

JAPAN CONTRIBUTES USD 1.5 MILLION TO HELP SRI LANKA PROVIDE FOOD ASSISTANCE TO PEOPLE AFFECTED BY THE ECONOMIC CRISIS

Tharindu Perera May 20, 2022 2022-05-20T16:08:49+00:00

The Government of Japan today announced a USD 1.5million ...

FITCH DOWNGRADES SRI LANKA TO ‘RD’

Tharindu Perera May 20, 2022 2022-05-23T16:00:42+00:00

Fitch Ratings - Hong Kong - 19 May 2022: Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency (LTFC) Issuer Default...

SRI LANKAN MUTUAL FUNDS’ OUTFLOWS RISE AMID ECONOMIC TURMOIL

Tharindu Perera May 13, 2022 2022-05-13T17:59:30+00:00

Fitch Ratings-Shanghai-11 May 2022: The Sri Lankan mutual fund industry experienced large outflows in March 2022 with total ...

SOME SRI LANKAN CORPORATES MORE AFFECTED BY STRESSED ENVIRONMENT

Tharindu Perera May 2, 2022 2022-05-02T16:11:54+00:00

Fitch Ratings-Colombo/Singapore-29 April 2022: Some rated Sri Lankan corporates are more affected by the challenging macroeconomic...

UNICEF

Tharindu Perera April 29, 2022 2022-04-29T13:18:21+00:00

Article 3(1) of the United Nations Convention on the Rights of the Child (CRC) states that, “ln all actions concerning children the best...