LMD | Sri Lanka Business Magazine

COVER STORY | SRI LANKAN OF THE YEAR

Against the backdrop of multiple crises on various fronts, 2021 has proved to be another difficult year for Sri Lanka. With challenges

BUSINESS SENTIMENT

At a recent economic forum organised by the Ceylon Chamber of Commerce, Nishan de Mel – the Executive Director of Verité

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THE COST OF LIVING
What steps should be taken to stop the spiralling cost of living?

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BREAKING BUSINESS NEWS

SNEAK PEEK The top 10 line-up in the forthcoming LMD 100 special edition for financial year 2020/21

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CAREERS

EDITORIALS

THE RULE OF LAW

Tharindu PereraNo Comment2021-12-30T08:34:28+00:00

Mobilising people’s emotions – whether by religion or ethnic nationalism – to gain and retain power is like sowing the wind...

THE CREATIVE ECONOMY

Tharindu Perera 1 Comment2021-12-30T07:49:42+00:00

For myriad reasons, 2021 has been far from sunshine and rainbows for Sri Lanka. However, the catchy anthem Manike Mage Hithe is one...

1 Comment

OMICRON WARNING

Tharindu Perera 2021-12-30T06:18:47+00:00

At the rate that SARS-CoV-2 is mutating, one wonders whether the WHO will run out of Greek letters to allocate to the different variants...

MISINFORMATION PANDEMIC

Tharindu Perera 2021-12-30T06:00:10+00:00

It’s a brand-new year! And here’s hoping that we’ll hear less about the pandemic… and more on economic recoveries, travel, education...

CURRENT AFFAIRS

REGENERATIVE TOURISM

Tharindu Perera1 Comment2021-12-30T09:05:49+00:00

Tourism was a powerful industry as recently as in 2019, contributing 10 percent to global GDP and creating 330 million jobs...

1 Comment

TOURISM IN 2022

Tharindu Perera No Comment2021-12-30T08:45:17+00:00

The COVID-19 pandemic has been a stark awakening for the nine trillion dollar travel sector that had envisaged eternal blue skies, open...

POLITICAL MYTHOLOGY

Tharindu Perera 2021-12-30T08:15:21+00:00

Many of us first met Pandora and Prometheus in primary school while reading Greek mythology. Prometheus stole fire from the...

EURO GRAFT

Tharindu Perera No Comment2021-12-02T09:00:46+00:00

Many people lose their humanity in the quest for money and power, corrupting everything and everyone in their path. As Austrian...

BUSINESS FORUM

DEVELOPMENT AGENDA

Tharindu Perera2021-12-30T09:43:57+00:00

Sri Lanka’s economy had recently been termed a ‘ticking time bomb.’ Rating agencies such as Fitch Ratings, S&P Global Ratings and...

BANKING SECTOR

Tharindu Perera No Comment2021-12-30T08:45:32+00:00

Though it’s a very challenging environment, the banking sector is holding itself accountable by fulfilling its duty as a key...

ENTERTAINMENT INDUSTRY

Tharindu Perera 2021-12-30T08:30:11+00:00

In my view, it’s not about trends. Globally, only brave brands and agencies completely reinvented themselves to stay relevant once...

SRI LANKANS OVERSEAS

Tharindu Perera No Comment2021-12-29T10:40:47+00:00

My view is that Sri Lanka is resilient enough to face and manage crises effectively compared to other countries. And if a proper plan...

BUSINESS AFFAIRS

ECONOMIC PREVIEW

Tharindu Perera2021-12-30T10:56:33+00:00

We enter 2022 with a great degree of uncertainty both in the global and local contexts. Globally, the optimism brought about by the...

COP26 SUMMIT

Tharindu Perera No Comment2021-12-30T08:45:50+00:00

COP26 could well be the defining moment of our time if it defies expectations and produces substantive progress. It could be...

ENTERTAINMENT INDUSTRY

Tharindu Perera 2021-12-30T08:30:58+00:00

The pandemic has changed standard business practices of industries the world over. Among the hardest hit is the entertainment...

FOOD INSECURITY

Tharindu Perera No Comment2021-12-30T08:00:59+00:00

A multiagency report titled ‘The State of Food Security and Nutrition in the World 2021’ prepared by the FAO, International Fund for...

MANAGEMENT DIGEST

THE BUSINESS METAVERSE

Tharindu Perera2021-12-30T09:00:58+00:00

Following renaming of Facebook as ‘Meta’ as part of its rebranding strategy, the coined word ‘metaverse’ has become a beacon...

CAREER PROGRESSION

Tharindu Perera 2021-12-30T08:42:32+00:00

Promotions and salary increments were not feasible in 2020. However, with the vaccination drive on the upswing and safety protocols...

CORPORATE CHOLESTEROL

Tharindu Perera No Comment2021-12-30T08:30:39+00:00

The business landscape and market conditions are constantly shifting and evolving – sometimes at a dizzying pace. As a business...

AUTHENTIC LEADERSHIP

Tharindu Perera No Comment2021-12-30T08:17:17+00:00

As regards workplace success, we typically focus on qualities such as passion, dedication and confidence with not much mention of...

TOP SHELF

YOUTH FORUM

Tharindu Perera1 Comment2021-12-30T10:07:50+00:00

Sri Lanka is renowned for its mesmerising landscapes, vibrant culture and rich heritage. As a multiethnic country, its diversity...

1 Comment

BOOKRACK

Tharindu Perera 2021-12-30T09:41:13+00:00

The Economist publishes an annual edition that previews the year ahead; it’s an opportunity for the journal’s editorial staff to offer...

LIFESTYLE

Tharindu Perera 2021-12-30T08:28:38+00:00

As a child, I wanted to be a street racer because I was fascinated by high-speed cars and their drifts… and then I debated between being...

YOUTH FORUM

Tharindu Perera No Comment2021-12-02T09:00:57+00:00

In my view, it depends on the occupation and industry or sector. Generally, unskilled workers and new entrants to the labour force find...

MEDIA RELEASES

SUNLIGHT

Tharindu Perera2022-01-19T16:45:25+00:00

With the dawn of the New Year, Sri Lanka’s most loved brand, Sunlight, launched its ‘Best Ever Sunlight’ to mark the beginning of the...

ZONE24X7

Tharindu Perera 2022-01-19T16:34:39+00:00

Zone24x7, a leading provider of end-to-end technology consulting and engineering solutions, celebrates 18 years of weaving software...

VISION CARE

Tharindu Perera 2022-01-19T16:29:22+00:00

Vision Care Hearing Solutions, one of Sri Lanka’s pioneer hearing care solutions providers and a part of the island’s largest eye care solutions...

DARAZ

Tharindu Perera 2022-01-19T16:18:50+00:00

Daraz, South Asia’s leading e-commerce platform, unveiled its new brand look today – building on a successful 2021 of significant progress...

HEALTHX

Tharindu Perera 2022-01-19T13:04:33+00:00

HealthX, Sri Lanka’s first-ever health and wellness super app, is continuing the disruption of the industry by becoming the first health...

BARISTA

Tharindu Perera 2022-01-13T12:53:29+00:00

The largest café chain in Sri Lanka, Barista topped the charts for the second time in the renowned LMD Customer Service Online Survey...

AIA

Tharindu Perera 2022-01-13T12:43:20+00:00

It’s inevitable, with the New Year comes New Year’s resolutions. Almost everyone wishes to get fitter and healthier or lose those extra...

SAIL LANKA

Tharindu Perera 2022-01-12T11:43:17+00:00

Sail Lanka Yachting Group and Building a Future Foundation are to replicate in the north of Sri Lanka, their successful boat-building...

ZENGAGE

Tharindu Perera 2022-01-12T11:33:38+00:00

ZENGAGE, South Asia's leading startup consultancy firm dedicated to elevating startups and entrepreneurs to new heights, has launched...

CA SRI LANKA

Tharindu Perera 2022-01-10T16:00:44+00:00

People’s Leasing & Finance PLC, the financial solutions provider in the Non-Bank Financial Institutions (NBFI) sector, bagged a prestigious...

CHAMBER OF COMMERCE

Tharindu Perera 2022-01-10T15:46:24+00:00

Creating awareness and engaging the private sector on one of the most important anti-corruption tools in a democracy, the Ceylon...

ALGONOMY

Tharindu Perera 2022-01-08T12:21:50+00:00

Global artificial intelligence (AI) and algorithmic decisioning software company Algonomy announced its plans to acquire the business...

PARTNER NEWS

SRI LANKA INSURANCE

Tharindu Perera2022-01-13T13:17:45+00:00

In celebration of the triumphant 60 years, Sri Lanka Insurance introduces the “Medi 60” exclusive medical insurance for senior citizens...

BANK OF CEYLON

Tharindu Perera 2022-01-13T09:53:36+00:00

Bank of Ceylon (BOC), the NO.1 Bank in the country, successfully launched a “BOC Fuel card” partnering with ‘MasterCard international...

SLT-MOBITEL

Tharindu Perera 2022-01-13T09:48:19+00:00

SLT-MOBITEL, the National ICT Solutions Provider, hosted ‘Demo Day’ for the first cohort of its pioneering initiative, Entrepreneurship Studio...

PEOPLE’S LEASING AND FINANCE

Tharindu Perera 2022-01-10T16:09:49+00:00

Sri Lanka’s leading state-owned Non-Bank Financial Institution (NBFI) People’s Leasing & Finance PLC keeping its foot print in digitalization...

SRI LANKA INSURANCE

Tharindu Perera 2022-01-03T17:03:39+00:00

The inauguration of Sri Lanka Insurance business operations for the year 2022 took place on the 3rd of January 2022 at Sri Lanka Insurance...

SRI LANKA INSURANCE

Tharindu Perera 2021-12-17T16:01:46+00:00

Sri Lanka Insurance join hands with leading service partners to provide exclusive benefits for Sri Lanka Insurance Motor Plus comprehensive...

SLT-MOBITEL

Tharindu Perera 2021-12-16T10:54:34+00:00

Contributing a gift that can change lives and spread cheer, SLT-MOBITEL has partnered with the Senehasa Educational Resource Research...

SLT-MOBITEL

Tharindu Perera 2021-12-13T09:42:16+00:00

Addressing the challenges of hoteliers, SLT-MOBITEL, the National Information and Communications Technology (ICT) Solutions Provider...

HNB

Tharindu Perera 2021-12-07T12:39:52+00:00

Underpinning the power of remittances to drive development and in support of Central Bank of Sri Lanka’s (CBSL) efforts to optimize...

HNB

Tharindu Perera 2021-12-07T12:32:42+00:00

Sri Lanka’s most innovative private sector bank HNB PLC partnered with leading supermarket chain Keells to enable LANKA QR payments...

HNB

Tharindu Perera 2021-12-07T12:24:50+00:00

Sri Lanka’s very first Olympic Gold Medallist together with the Bronze medallist and participant delegation to the Tokyo 2020 Paralympic...

HNB – SINGER SRI LANKA

Tharindu Perera 2021-12-07T12:18:13+00:00

Pioneering the nation’s evolution in cashless and contactless payments, Sri Lanka’s most innovative private sector bank HNB PLC, partnered...

OPINION POLLS

BUSINESS SENTIMENT

Tharindu Perera2021-12-30T15:39:39+00:00

At a recent economic forum organised by the Ceylon Chamber of Commerce, Nishan de Mel – the Executive Director of Verité...

BURNING ISSUES

Tharindu Perera 2021-12-30T08:45:15+00:00

With worries of new COVID-19 variants impacting countries – in addition to the first case of the Omicron variant being detected in...

THE COST OF LIVING

Tharindu Perera 2021-12-30T08:30:32+00:00

The PepperCube Cost of Living Index (CLI) for November remained the same as in October, registering 84.1 for the second consecutive...

THE ECONOMY

Tharindu Perera 2021-12-30T08:13:17+00:00

Sri Lanka’s growth prospects for 2022 have been dampened by macroeconomic headwinds, according to a recent update to...

FINANCIAL PROFILES

MICROCOSM

Tharindu Perera2021-12-30T15:47:07+00:00

The US Agency for International Development (USAID) recently announced the Sri Lanka Energy Program – a five year project with...

KEY ECONOMIC DATA

Tharindu Perera 2021-12-30T09:00:12+00:00

...

GLOBAL INNOVATION

Tharindu Perera 2021-12-30T08:45:03+00:00

...

GLOBAL EMPLOYMENT

Tharindu Perera 2021-12-30T08:30:25+00:00

...

ONLINE EXCLUSIVES

INDONESIA RELOCATES ITS CAPITAL CITY

Tharindu Perera2022-01-19T15:39:53+00:00

Indonesia’s parliament has approved a bill to relocate the nation's capital from Jakarta to Kalimantan, situated to the east of Borneo...

THE PANDEMIC EMPTIES THE WORLD’S BUSIEST AIRPORTS

Tharindu Perera 2022-01-19T13:17:33+00:00

Hong Kong is holding firm to a zero-COVID policy with strict social distancing and border restrictions. Although the tough policy has...

CREDIT SUISSE BOSS RESIGNS OVER COVID-19 BREACH

Tharindu Perera 2022-01-18T16:54:35+00:00

The chairman of global banking giant Credit Suisse, António Horta-Osório, has resigned with immediate effect after breaking COVID-19...

WORLD BILLIONAIRES ADDED FIVE TRILLION TO THEIR FORTUNE DURING THE PANDEMIC

Tharindu Perera 2022-01-18T11:33:57+00:00

Billionaires added US$ 5 trillion to their fortunes during the pandemic, according to Oxfam, exacerbating economic inequality as the...

CHINA CUTS ITS INTERESTS RATES

Tharindu Perera 2022-01-17T17:50:43+00:00

China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed...

EUROPEAN NATIONS IMPOSE STRICT RULES FOR COVID-19 VACCINATIONS

Tharindu Perera 2022-01-17T13:13:28+00:00

As the pandemic has moved into its third year and the Omicron variant has sparked a new wave of cases, governments around the world...

NOVAK DJOKOVIC’S AUSTRALIAN VISA HAS BEEN CANCELLED

Tharindu Perera 2022-01-17T07:35:31+00:00

Novak Djokovic’s application against the Ministry of Immigration’s cancellation of his visa has been “dismissed with costs" by a federal...

GERIATRIC MILLENNIALS ARE WINNING AT WORK

Tharindu Perera 2022-01-16T06:48:14+00:00

The oldest millennials are the best-off age group in terms of employment right now. Click the link below to learn why. ...

ONLINE FEATURES

COMMONWEALTH YOUTH CLIMATE CHANGE NETWORK

Tharindu Perera2021-10-03T08:17:34+00:00

More than 2,000 young leaders and youth-led organisations from across the Commonwealth are urging governments to respect the...

LITTLE HEARTS

Tharindu Perera 2021-06-03T14:48:33+00:00

Dr. Duminda Samarasinghe – a Consultant Paediatric Cardiologist at Lady Ridgeway Hospital for Children (LRH) and the Project Director of Little Hearts...

WFP STATEMENT

Sanuka Fernando 2020-10-09T23:49:32+00:00

The awarding of the Nobel Peace Prize to the World Food Programme (WFP) is a humbling, moving recognition of the work of WFP staff...

WORLD BANK SUPPORTS SRI LANKA WITH $56 MILLION TO MITIGATE COVID-19 IMPACTS

Sanuka Fernando 2020-09-11T16:46:16+00:00

COLOMBO, September 10, 2020—The World Bank has reallocated...

UNICEF

Kasun Basuriya 2020-09-04T16:15:16+00:00

UNICEF is leading efforts to procure and supply COVID-19 vaccines in what could possibly be the world’s largest and fastest ever procurement...

THE LIGHT AT THE END OF THE TUNNEL

Sanuka Fernando 2020-08-26T17:08:25+00:00

We are experiencing loss and anxiety at multiple levels, which could leave room for mental health issues including depression...

WORLD BANK GROUP

Sanuka Fernando 2020-07-03T12:39:23+00:00

Chiyo Kanda is the World Bank’s new Country Manager for Sri Lanka. She will oversee a total portfolio of around $2.3 billion and the development of a new...

CHINA ORDERS MASS SLAUGHTER

naushan 2020-02-04T16:27:23+00:00

China orders the mass slaughter of poultry with reports indicating a fresh outbreak of Bird Flu...

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