LMD | Sri Lanka Business Magazine

LMD JUNE 2025 – COVER STORY

She describes herself as a ‘chill person’ – someone who doesn’t take life too seriously, yet is deeply committed to what she loves

LMD AWARDS NIGHT 2024

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Introducing LMD International

We are going #global🌍

BUSINESS SENTIMENT

The month of May proved to be eventful both locally and globally, with unnerving political, economic and social developments

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MISS SRI LANKA
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DIGITAL EDITIONS

Our latest publications now available for viewing in digital format

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EDITORIALS

THE BIG PICTURE

Humaydh SariffodeenMay 29, 2025No Comment2025-06-10T15:43:07+00:00

SHIFTING SANDS While our politicians jostle to grab power of city and rural councils in...

FOREIGN POLICY

Humaydh Sariffodeen May 29, 2025 2025-06-10T15:42:40+00:00

As India is poised to become the world’s third largest economy by 2030, Sri Lanka’s evolving...

SUBSCRIPTION ECONOMY

Humaydh Sariffodeen May 27, 2025 No Comment2025-06-10T15:45:14+00:00

The subscription economy refers to a business model where consumers pay a recurring (monthly...

STATE OF THE NATION

Humaydh Sariffodeen May 26, 2025 2025-05-29T12:38:38+00:00

As electors went to the polls for the third time in eight months, it was with discernibly mixed feelings...

CURRENT AFFAIRS

INCLUSIVE GOVERNANCE

Humaydh SariffodeenMay 29, 2025No Comment2025-06-10T15:42:10+00:00

The main achievements of the new government since late last year are macroeconomic and...

NEW FRONTIERS

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:40:45+00:00

AGENTIAL RISKS AI has moved far beyond autocomplete. It now takes the initiative, performs tasks...

TOMORROW’S WORLD

Humaydh Sariffodeen May 29, 2025 2025-05-29T09:00:03+00:00

The June issue of Tomorrow’s World features a list of important events across the globe...

PAPAL ELECTION

Humaydh Sariffodeen May 26, 2025 2025-06-10T15:38:54+00:00

Even though Pope Francis I was in poor health for some time and had been hospitalised as well, the...

BUSINESS FORUM

EXPORT SECTOR

Humaydh SariffodeenMay 29, 2025No Comment2025-06-10T15:40:45+00:00

Reflecting on a turbulent five year period marked by crises – including the Easter Sunday...

ALUMINIUM SECTOR

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:44:42+00:00

The sector has undergone notable transformation over the years, evolving into a key player within...

WOMEN IN BUSINESS

Humaydh Sariffodeen May 29, 2025 1 Comment2025-05-29T12:44:53+00:00

A woman who masters resilience, negotiation, financial literacy and the art of reinvention – and...

1 Comment

CAPITAL MARKETS

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:45:03+00:00

Sri Lanka is just coming out of a hard few years, during which a perfect storm of self-inflicted and...

BUSINESS AFFAIRS

EXTERNAL TRADE

Humaydh SariffodeenMay 29, 20252025-06-10T15:40:16+00:00

Sri Lanka has faced an unrelenting series of economic shocks over the past few years. The internal...

WORLD TRADE

Humaydh Sariffodeen May 29, 2025 No Comment2025-05-30T10:02:20+00:00

Ever since US President Donald Trump unveiled his Liberation Day tariffs on 2 April, the global...

FOOD SECURITY

Humaydh Sariffodeen May 27, 2025 2025-06-09T13:49:39+00:00

Food insecurity is one of the most pressing challenges in conflict zones, where violence and instability disrupt lives and livelihoods. Millions of people in these...

PUBLIC TRANSPORT

Humaydh Sariffodeen May 27, 2025 2025-06-09T13:36:08+00:00

There was a time when our trains ran like clockwork, and people set their time according to departures and arrivals. This discipline, which the British instilled in...

MANAGEMENT DIGEST

ETHICS REDEFINED

Humaydh SariffodeenMay 29, 2025No Comment2025-05-30T10:01:10+00:00

As AI continues to reshape industries and redefines the global business environment, many...

HUMANITY REIMAGINED

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:48:02+00:00

We are at a point in time where humanity is the most powerful it’s ever been. From flying across...

CORPORATE GOVERNANCE

Humaydh Sariffodeen May 29, 2025 2025-05-30T09:59:49+00:00

Board disclosures have long been one of the drier and more legalistic aspects of governance. Counsel...

PERSONAL DEVELOPMENT

Humaydh Sariffodeen May 29, 2025 No Comment2025-05-29T12:48:32+00:00

In his book titled ‘The Biology of Belief: Unleashing the Power of Consciousness,’ Dr. Bruce Lipton...

TOP SHELF

SRI LANKANS OVERSEAS

Humaydh SariffodeenMay 29, 2025No Comment2025-05-28T21:35:20+00:00

Sri Lanka’s pioneering international magazine is going places – having gone global in April! LMD International’s mission...

YOUTH FORUM

Humaydh Sariffodeen May 29, 2025 3 Comments2025-05-28T21:27:04+00:00

What makes Sri Lanka truly special is its people – resilient, warm-hearted and united in spirit. From the vibrant culture to a sense of...

3 Comments

POCKET POWERHOUSE

Humaydh Sariffodeen May 29, 2025 2025-06-05T13:04:13+00:00

Though small in size, Luxembourg ranks towards the top of the list of the world’s richest nations. It is located in the heart of Europe...

LIFESTYLE

Humaydh Sariffodeen May 27, 2025 2025-06-09T10:32:48+00:00

My day starts early with a plan to ensure that the operations are smooth and guests are happy. This is followed by a midday workout, which ends with another...

MEDIA RELEASES

SIYAPATHA FINANCE PLC

Humaydh SariffodeenJune 18, 20252025-06-18T19:02:42+00:00

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka's non-bank financial sector, announced its...

SLIIT

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:31:26+00:00

Recognised as Sri Lanka's premier non-state higher education provider, SLIIT empowers students through comprehensive postgraduate programs tailored to...

SRI LANKA INSURANCE

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:26:01+00:00

Sri Lanka Insurance Life (SLICLL) has once again been recognized as the Most Loved Life Insurance Brand in Sri Lanka by LMD’s latest Brand Finance Most...

CIMA

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:23:59+00:00

The highly anticipated and prestigious CIMA - JXG Pinnacle Awards 2025 organised in collaboration with JXG (Janashakthi Group) and AICPA & CIMA Sri Lanka...

CEYLON CHAMBER OF COMMERCE

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:19:44+00:00

The Ceylon Chamber of Commerce, together with the Chamber’s Sri Lanka–Bangladesh Business Council (SLBBC), at the invitation of the Sri Lanka High...

DISRUPT ASIA 2025

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:16:27+00:00

Sri Lanka aims to become South Asia's Innovation hub by 2030, with Disrupt Asia 2025 serving as the national platform driving this ambitious...

BETSS.COM

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:08:00+00:00

BETSS.COM, the digital platform of Sporting Star, proudly steps into the spotlight as the ‘Title Sponsor’ of the 8th edition of the Sri Lanka Super Series 2025...

CINNAMON LIFE

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:04:26+00:00

Cinnamon Life is set to celebrate the rich flavours of Korean cuisine with “A Taste of Korea”, a special dining experience by celebrated Korean Chef Choi Jae...

TECHNOCITY GROUP

Humaydh Sariffodeen June 18, 2025 2025-06-18T18:02:11+00:00

Draped in coastal serenity and tech-inspired style, The Technocity Group commemorated its 25-year journey with a weekend celebration that was nothing...

DFCC BANK

Humaydh Sariffodeen June 18, 2025 2025-06-18T17:51:43+00:00

DFCC Bank PLC has become the first foreign corporate entity to list a bond on the National Stock Exchange - International Exchange (NSE IX) at GIFT City, India...

VIRTUSA CORPORATION

Humaydh Sariffodeen June 18, 2025 2025-06-18T17:39:37+00:00

Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, has been awarded the...

KUMARIKA

Humaydh Sariffodeen June 18, 2025 2025-06-18T17:37:08+00:00

As many devotees begin their journey to the sacred grounds of Mihinthale to overserve the significance of Poson Poya, Kumarika, a leading and trusted...

PARTNER NEWS

BANK OF CEYLON

Humaydh SariffodeenJune 18, 20252025-06-18T18:14:12+00:00

Bank of Ceylon (BOC), the country’s premier state-owned commercial bank, has been awarded “Islamic Retail Bank of the Year – Asia” by The Banker, a...

DFCC BANK

Humaydh Sariffodeen June 18, 2025 2025-06-18T17:47:20+00:00

DFCC Bank PLC has entered a partnership with The Ceylon Chamber of Commerce, to formally integrate Ceylon Chamber-led macroeconomic and sectoral...

SAMPATH BANK

Humaydh Sariffodeen June 17, 2025 2025-06-17T16:50:53+00:00

Sampath Bank has set a new milestone as the first bank in Sri Lanka to launch a standardised Application Programming Interface...

BANK OF CEYLON

Humaydh Sariffodeen June 17, 2025 2025-06-17T13:56:41+00:00

Bank of Ceylon (BOC) successfully hosted a thought leadership session titled “Future of Finance” on 11th June 2025 at its Head...

VISION CARE

Humaydh Sariffodeen June 17, 2025 2025-06-17T13:54:11+00:00

Vision Care, Sri Lanka’s largest provider of vision, hearing, and eyewear solutions, proudly partnered with the Sri Lanka Schools...

DFCC BANK

Humaydh Sariffodeen June 17, 2025 2025-06-17T13:29:55+00:00

As part of its ongoing commitment to empowering the next generation, DFCC Bank, through its DFCC Junior platform, recently...

SLT-MOBITEL

Humaydh Sariffodeen June 17, 2025 2025-06-17T13:27:56+00:00

SLT-MOBITEL, the National ICT Solutions Provider, proudly reaffirmed its unwavering commitment to innovation and youth...

BANK OF CEYLON

Humaydh Sariffodeen June 16, 2025 2025-06-16T13:49:07+00:00

Sri Lanka’s export economy is entering a period of adjustment. For decades, tea and apparel have done the heavy lifting. But...

NDB BANK

Humaydh Sariffodeen June 16, 2025 2025-06-16T13:41:52+00:00

Continuing its commitment to empowering dreams of vehicle ownership across Sri Lanka, NDB Leasing successfully concluded...

NDB BANK

Humaydh Sariffodeen June 13, 2025 2025-06-16T11:47:08+00:00

Demonstrating its continued commitment to empowering Sri Lankans through financial solutions tailored to real-life aspirations...

DFCC BANK PLC

Tharindu Perera June 12, 2025 2025-06-12T14:10:23+00:00

DFCC Bank PLC has officially relaunched its flagship digital corporate banking platform, DFCC iConnect 2.0, reinforcing its commitment to delivering digitally...

CELEBRATED ITS 150TH ANNIVERSARY

Tharindu Perera June 12, 2025 2025-06-12T12:13:40+00:00

Browns, one of Sri Lanka’s leading and most diversified conglomerates, celebrated its 150th anniversary with a grand event at ITC Ratnadipa, Colombo, on 22nd...

OPINION POLLS

BUSINESS SENTIMENT

Humaydh SariffodeenMay 29, 20252025-05-29T12:41:55+00:00

The month of May proved to be eventful both locally and globally, with unnerving political, economic and social developments...

BURNING ISSUES

Humaydh Sariffodeen May 29, 2025 2025-05-28T21:17:24+00:00

The tax regime remains the main business concern, compounding the burning issues facing the corporate community. Forty-five...

THE ECONOMY

Humaydh Sariffodeen May 29, 2025 2025-05-28T21:41:58+00:00

The tide appears to have shifted again with businesspeople turning more optimistic in May. PepperCube Consultants notes a more...

THE COST OF LIVING

Humaydh Sariffodeen May 27, 2025 2025-05-27T09:59:15+00:00

The PepperCube Cost of Living Index (CLI) saw an upward shift in April, rebounding from its notable fall of four basis points in the...

FINANCIAL PROFILES

MICROCOSM

Humaydh SariffodeenMay 29, 20252025-05-29T14:25:14+00:00

The IMF and Sri Lanka reached a staff level agreement on the fourth review under the Extended Fund Facility (EFF) programme...

KEY ECONOMIC DATA

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:27:58+00:00

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GLOBAL TRENDS

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:29:13+00:00

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WORLD HAPPINESS REPORT

Humaydh Sariffodeen May 29, 2025 2025-05-29T12:30:50+00:00

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ONLINE EXCLUSIVES

INNOVATION AND INTEGRATION CAN REVIVE GROWTH AMID SWEEPING GEOPOLITICAL CHANGE

Humaydh SariffodeenJune 9, 20252025-06-09T14:23:27+00:00

Policymakers are grappling with how to boost growth and expand opportunities. Early in the last decade, the question was whether flagging growth was the...

WHY BUSINESS LEADERS SHOULD ADVOCATE FOR SCIENCE-ALIGNED CLIMATE POLICY

Humaydh Sariffodeen May 31, 2025 2025-05-31T03:14:24+00:00

Around the world, climate change is disrupting business, compelling companies to rethink how they operate. As leading businesses pivot to new models, they...

LEO XIV IS THE NEW POPE

Humaydh Sariffodeen May 9, 2025 2025-05-09T11:51:20+00:00

"Peace be with all of you!" - the first words of Pope Leo XIV. The Conclave has elected Robert Francis Cardinal Prevost as the 267th...

ROBERT PREVOST OF THE UNITED STATES IS NAMED POPE LEO XIV

Kasun Basuriya May 8, 2025 2025-05-08T23:27:19+00:00

Cardinal Robert Prevost has taken the name Leo XIV. He is the first American pope in the 2,000-year history of the Catholic Church...

GLOBAL GROWTH IS EXPECTED TO DECLINE AND DOWNSIDE RISKS TO INTENSIFY AS MAJOR POLICY SHIFTS UNFOLD

Humaydh Sariffodeen April 23, 2025 2025-04-23T16:07:30+00:00

After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have stabilized, with steady...

WHO WILL BE THE NEXT POPE? HERE ARE SOME OF THE CONTENDERS

Humaydh Sariffodeen April 23, 2025 2025-04-23T08:16:06+00:00

Dust off the history books and there are papal conclaves with international intrigue, royal rigging and even riots, a checkered past...

DAVOS GATHERING FOUNDER KLAUS SCHWAB QUITS AS WORLD ECONOMIC FORUM CHAIR

Kasun Basuriya April 21, 2025 2025-04-21T22:06:56+00:00

World Economic Forum (WEF) Founder and Chairman Klaus Schwab gives his welcoming remarks at the…...

POPE FRANCIS, EVERYMAN LEADER OF THE ROMAN CATHOLIC CHURCH, DIES AT 88

Kasun Basuriya April 21, 2025 2025-04-21T21:49:59+00:00

abc7 - Monday, April 21 VATICAN CITY -- Pope Francis, whose time as head of the…...

ONLINE FEATURES

A DRIVE TO UPLIFT GENERATIONS

Humaydh SariffodeenApril 23, 20252025-04-23T13:13:28+00:00

On the 4th of April 2025, I had the privilege to return to a place that had left a profound mark on my heart, Jana Jaya school in...

INSPIRING HOPE

Humaydh Sariffodeen September 27, 2024 2024-09-27T17:44:45+00:00

During my school holidays, I decided to volunteer with a Sri Lankan non-profit organization based in Moratuwa. I had the...

INTERNATIONAL DAY OF CARE AND SUPPORT

Humaydh Sariffodeen October 30, 2023 2023-10-30T14:07:09+00:00

Care work and housework sustains families and communities. It enables people to enter the workforce, contributes to economies as well as...

SOVEREIGN DEBT RESTRUCTURING

Humaydh Sariffodeen September 19, 2023 2023-09-20T15:25:48+00:00

The Government of Sri Lanka has outlined its expectations to conclude its sovereign debt restructuring expeditiously to regain debt sustainability...

MINDFUL SOLUTIONS WITH MO GAWDAT

Humaydh Sariffodeen September 5, 2023 2023-09-05T16:02:49+00:00

Cinnamon Hotels and Resorts hosted Mo Gawdat, the former Chief Business Officer of Google X and Best-selling author...

COMMUNITY-LED RECYCLABLE WASTE COLLECTION

Humaydh Sariffodeen September 4, 2023 2023-09-04T09:58:46+00:00

Solid waste management is identified as a critical social, environmental, and health issue with a multitude of economic...

THE FOOD AND AGRICULTURE ORGANIZATION

Tharindu Perera May 16, 2023 2023-05-16T12:39:38+00:00

The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China as part of the South-South Cooperation...

6TH INTERNATIONAL INVESTMENT FORUM

Tharindu Perera February 21, 2023 2023-02-21T20:03:44+00:00

the 6th International Investment Forum (IIF) took place online. A total of 20 speakers presented their companies and offered interested viewers exciting insights...