LMD | Sri Lanka Business Magazine

HAVE YOUR SAY

BUDGET 2019

COVER STORY

WOMEN IN BUSINESS

BUSINESS SENTIMENT

INDEX RECORDS FURTHER GAINS

BUDGET SPEECH 2019

BUDGET 2019 PRESENTATION TO PARLIAMENT BY THE MINISTER OF FINANCE AND MASS MEDIA

YOUTH FORUM

Calling on all schools to nominate high performing students to be featured in LMD – Sri Lanka’s pioneering business magazine – and voice their opinion on the burning issues of today

AD INDUSTRY

IN THE SPOTLIGHT AD INDUSTRY Alyna Haji Omar in the hot seat BIZ CONFIDENCE BCI Records Further Gains Sharang Pant THE ECONOMY Sri Lanka’s Macro Outlook Shiran Fernando

EDITORIALS

THE BIG PICTURE

Sachira De Silva2 Comments2019-03-05T06:00:19+00:00

Once I get approval from the cabinet, I will present it to parliament; and once it gets passed, then the game...

2 Comments

STATE OF THE NATION

Sachira De Silva 2 Comments2019-03-05T05:55:17+00:00

Recently, a dozen MPs got stuck in a lift. Try as they may – and some cried loudly – they couldn’t get out. After some 15 minutes of infamy...

2 Comments

THE RAILWAYS

Sachira De Silva 2019-03-05T05:50:19+00:00

Vehicular congestion in Colombo and the suburbs has exacerbated in recent years with more people entering the city in search of improved...

WOMEN ONLINE

Sachira De Silva 2019-03-05T05:45:21+00:00

The world celebrates International Women’s Day on 8 March every year. Throughout the month, virtually the entire web – including...

CURRENT AFFAIRS

BREXIT ON EDGE

Sachira De Silva3 Comments2019-03-05T06:00:28+00:00

To say that Brexit is confusing is an understatement. So if you’re bemused about the turn of events, take...

3 Comments

THE NEW MEDIA

Sachira De Silva 2019-03-05T05:55:31+00:00

Previously, when opening a discussion on the use of social media in Sri Lanka, I had a stock question. “How many of you are on Facebook?”...

ANTI-CORRUPTION WEAPON

Sachira De Silva 2 Comments2019-03-05T05:50:32+00:00

Former Chairman of the US Federal Reserve Alan Greenspan once observed that “corruption...

2 Comments

NEOCOLONIAL SRI LANKA

Sachira De Silva 2019-03-05T05:45:34+00:00

This is the story of another persuasive coloniser with an offer we can’t refuse and a perpetual colony that can’t ...

BUSINESS FORUM

FINANCE SECTOR

subra2019-03-05T07:00:08+00:00

According to the Colombo Stock Exchange (CSE) and published data of financial institutions, business performance slowed last year...

BUSINESS SECTOR

subra 2019-03-05T06:00:02+00:00

Ever since Sri Lanka adopted open economic policies, the private sector has driven the economy; it has displayed resilience in the face of political...

AUDIT PROFESSION

subra 3 Comments2019-03-05T05:00:05+00:00

With transactions becoming more complex, stringent regulations being introduced and greater supervision by regulators...

3 Comments

HEALTHCARE SECTOR

subra No Comment2019-03-05T04:00:29+00:00

Telemedicine enables doctors to evaluate, diagnose and treat patients at a distance using telecommunications...

BUSINESS AFFAIRS

WORLD ECONOMIC OUTLOOK

subra2019-03-05T07:00:10+00:00

The global economic outlook is in uncertain territory once again. Last year, the prospects for world economic growth were promising...

EDUCATION SECTOR

subra 4 Comments2019-03-05T06:00:21+00:00

Observing the situation in Sri Lanka’s state run universities, one wonders if the entire higher education...

4 Comments

FOOD SECTOR

subra 2019-03-05T05:00:02+00:00

Food security and nutrition are at the top of the global development agenda today, due to the urgency to end hunger and ...

SUSTAINABLE BUSINESS

subra 2 Comments2019-03-05T04:00:33+00:00

The justification for sustainability hinges on three critical factors: doing the right thing, capturing new opportunities and mitigating...

2 Comments

MANAGEMENT PLUS

BUSINESS DEVELOPMENT

subraNo Comment2019-03-05T07:00:58+00:00

In a manner of speaking, business is a socioeconomic function that runs on a profit motive. The corporate world cannot deviate from the...

BRAND MORPHOSIS

subra 5 Comments2019-03-05T06:00:08+00:00

Data privacy or not, everyone seems to think that not being on social media can make one irrelevant. Yet, even self-proclaimed digital...

5 Comments

WORKPLACE CULTURE

subra 2019-03-05T05:00:38+00:00

In the last edition of LMD, we discussed how workplace culture in the past reflected the dominant societal structure of patriarchy...

SOCIAL BUSINESSES

subra 2019-03-05T04:00:19+00:00

Optique Solidaire is a social business by Essilor (an international ophthalmic optics giant based in France), which offers high...

TOP SHELF

YOUTH FORUM

subraNo Comment2019-03-05T07:00:51+00:00

No one has taken the initiative to find a solution to poverty. Providing employment for these people would be an ideal solution...

BOOKRACK

subra 2019-03-05T06:08:54+00:00

The demand by various Buddhist organisations as well as individual monks for the release of Ven. Galagoda Aththe Gnanasara Thero...

THE ROVING DIPLOMAT

subra 2019-03-05T05:03:59+00:00

The international scene recently witnessed political changes and upheavals in a number of countries, which could affect...

DIPLOMATIC MISSION

subra 2019-03-05T04:00:40+00:00

The Head of Delegation of the EU to Sri Lanka and the Maldives describes his job as being “a manager with expertise in both internal and external dimensions.”...

MEDIA RELEASES

GROWTH IN SRI LANKAN MOTOR PREMIUMS TO SLOW ON VEHICLE TAXES

subra2019-03-22T18:46:11+00:00

The increase in taxes on imported vehicles in Sri Lanka is likely to cause the growth in motor insurance...

CHALLENGING ENTREPRENEURSHIP

Sachira De Silva 2019-03-22T14:17:32+00:00

The event “Challenging Entrepreneurship” successfully concluded on the 19th of March 2019 saw over ...

SHELEADS

Sachira De Silva 2019-03-22T05:50:27+00:00

Womenwill is a Google initiative to create economic opportunity for women everywhere so that they can grow and succeed. Helping...

SLIM

Sachira De Silva 2019-03-22T05:45:29+00:00

SLIM invites marketers to make proactive efforts to be inclusive and #Balanceforbetter…...

TRI-ZEN

Sachira De Silva 2019-03-22T05:40:31+00:00

At an event held on Tuesday, 12 March, at the show apartment for TRI-ZEN on Vauxhall Street, Sri Lanka’s leading retail bank, HNB, announced...

VICTOR’S MOOT

Sachira De Silva 2019-03-21T05:59:36+00:00

The 2nd H V Perera QC Memorial Arbitration Moot (the Victors Moot) is scheduled to be held on 22-24 March 2019. Mooting is an extracurricular...

LANKA PAY

Sachira De Silva 2019-03-21T05:55:14+00:00

The 4th National CXO Forum organized by the Federation of Information Technology Industry Sri Lanka (FITIS), warmly welcome Lanka...

NEW ADVISORY COMMITTEE

Sachira De Silva 2019-03-21T05:50:16+00:00

With an eye on achieving the targeted 3 million tourist arrivals this year, a newly constituted Tourism Advisory Committee has been...

STAX Inc

subra 2019-03-19T13:24:03+00:00

Stax Inc. believes many contemporary CEOs have understood the importance of crafting, articulating, and ...

FANTA TO COLOUR AVURUDU SEASON

Sachira De Silva 2019-03-19T05:55:32+00:00

Fanta, one of Sri Lanka’s most beloved beverage brands, is poised to infuse colour and fizz to the upcoming...

ITB

Sachira De Silva 2019-03-19T05:50:34+00:00

Sri Lanka Tourism Promotion Bureau (SLTPB) consolidated its ‘So Sri Lanka’ brand idea at the 52nd ITB in Berlin by rolling out the next...

BELLEVUE RESIDENCIES

Sachira De Silva 2019-03-18T05:55:31+00:00

Bellevue Residencies (Private) Limited recently signed an agreement with the BOI for the development of a luxury mixed development...

PARTNER NEWS

MOBITEL

Sachira De Silva2019-03-22T06:00:12+00:00

Mobitel, Sri Lanka’s National Mobile Service Provider, is offering customers an exciting opportunity to purchase the latest Samsung Galaxy...

SLT

Sachira De Silva 2019-03-22T05:55:26+00:00

Sri Lanka Telecom (SLT), the national ICT solutions provider in the country was recognized once again at the South Asian Federation...

MOBITEL

Sachira De Silva 2019-03-21T06:00:03+00:00

Mobitel has launched a new Pre-paid package recently for an enhanced user experience. This new package offers customers true freedom...

BOC

Sachira De Silva 2019-03-19T06:00:27+00:00

The Bank of Ceylon’s newest branches were opened at Domagahawela and Sewanagala in the Uva Province recently to add convenience...

IFS

subra 2019-03-18T15:33:41+00:00

Global software firm IFS has closed the 2018 fiscal year with record-making growth that has seen it outpace its peers by a factor of three. ...

BOC

Sachira De Silva 2019-03-18T06:00:28+00:00

The Bank of Ceylon’s Katunayake IPZ Branch relocated to its new premises recently. The opening ceremony held with the participation...

MOBITEL

Sachira De Silva 2019-03-14T06:00:12+00:00

The eagerly-anticipated Mobitel Cash Bonanza was held on 23rd February 2019 in the town of Buduruliya, at the Kaburawala School...

LSEG

subra 2019-03-13T10:05:29+00:00

London Stock Exchange Group (LSEG) has announced today that Dee Liyanwela has been appointed as the Head of LSEG Technology Sri Lanka...

MOBITEL

Sachira De Silva 2019-03-13T06:00:02+00:00

Forging ahead in its mission to power sports at the school level, Sri Lanka’s National Mobile Service Provider, Mobitel, has stepped forward...

MOBITEL

Sachira De Silva 2019-03-12T06:00:44+00:00

The newly relocated Mobitel’s Anuradhapura branch was reopened recently with fanfare recently at 36, Maithreepala Senayake Mawatha...

IFS

Sachira De Silva 2019-03-11T06:00:02+00:00

2019 will see a digital leap forward as many construction companies explore implementing integrated business software into projects...

MOUNT LAVINIA HOTEL

Sachira De Silva 2019-03-07T08:47:04+00:00

The 8th of March is a significant day in this era’s calendar. The day is a focal point of celebratory triumph for women across the globe...

ONLINE EXCLUSIVES

AVIATION INDUSTRY

Sachira De Silva2019-03-22T11:59:46+00:00

Indonesia’s national carrier Garuda has told Boeing it will cancel a multi-billion dollar order for 49 Boeing 737 MAX 8 jets after two fatal...

FISCAL POLICY

Sachira De Silva 2019-03-21T09:35:29+00:00

The budget for fiscal year 2019 was unveiled earlier this month by Minister of Finance and Mass Media Mangala Samaraweera under...

NATIONAL ECONOMY

subra 2019-03-19T10:59:55+00:00

Credit rating agency Moody’s Corporation says reducing fiscal deficits and debt stock is likely to be challenging for Sri Lanka unless...

REGIONAL MARKETS

Sachira De Silva 2019-03-18T11:26:53+00:00

Asian markets rose Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade talks while attention...

OLYMPIC ROBOTS

Sachira De Silva 2019-03-15T15:00:22+00:00

Tokyo Olympic organisers on Friday rolled out a pair of chatty robots they will put to work to assist wheelchair users at the 2020 games...

BILATERAL RELATIONS

subra 2019-03-15T13:00:03+00:00

China’s Vice-Minister of Agriculture and Rural Affairs Qu Dongyu met Sri Lanka’s ambassador to China Karunasena Kodituwakku ...

TOURISM INDUSTRY

Sachira De Silva 2019-03-14T11:20:13+00:00

The Sri Lanka Tourism Promotion Bureau (SLTPB) presented a documentary film to the global media at the ITB Berlin Convention earlier...

FOREIGN AID

subra 2019-03-13T09:57:38+00:00

A concessionary loan agreement of JPY 30 billion was signed between the Government of Sri Lanka (GoSL) and the Japan International Cooperation Agency (JICA)...