LMD | Sri Lanka Business Magazine

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BUSINESS SENTIMENT

The country is grappling with a multifaceted public health crisis, battling simultaneous outbreaks of dengue, chikungunya (CHIKV)

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THE OIL PRICE SPIRAL
How will the spiralling price of oil affect Sri Lanka?

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DIGITAL EDITIONS

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EDITORIALS

THE BIG PICTURE

Humaydh SariffodeenJune 26, 2025No Comment2025-06-27T10:52:06+00:00

STATE OF PERIL This country is ‘blessed’ with ministerial types, opposition forces and past...

STATE OF THE NATION

Humaydh Sariffodeen June 26, 2025 No Comment2025-06-27T10:51:12+00:00

The mood of a nation can be as ephemeral as some monsoonal growl of thunder that doesn’t develop...

AVIATION INFRASTRUCTURE

Humaydh Sariffodeen June 26, 2025 2025-06-27T10:50:43+00:00

The government is once again formulating plans to revive the financially troubled Mattala...

GENERATIVE AI

Humaydh Sariffodeen June 25, 2025 2025-07-09T12:07:23+00:00

When OpenAI launched ChatGPT in 2022, it reset the world’s operating system and people were agog. They liked, loved, embraced...

CURRENT AFFAIRS

THE SYNTHETIC AGE

Humaydh SariffodeenJune 26, 2025No Comment2025-06-27T10:53:40+00:00

They say seeing is believing... but in 2025, even sight is up for debate. The term ‘deepfake’...

NEW FRONTIERS

Humaydh Sariffodeen June 26, 2025 2025-06-27T10:55:13+00:00

VERIFIABLY HUMAN In a glass walled space off San Francisco’s Union Square, there’s not much to...

TOMORROW’S WORLD

Humaydh Sariffodeen June 26, 2025 2025-06-24T20:46:05+00:00

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

TRUTH AND RECONCILIATION

Humaydh Sariffodeen June 26, 2025 2025-06-29T15:29:57+00:00

The aftermath of Sri Lanka’s decades long war continues to be felt across the country – especially on 18 and 19 May each year, as...

BUSINESS FORUM

LOGISTICS SECTOR

Humaydh SariffodeenJune 26, 2025No Comment2025-06-27T10:56:04+00:00

In response to the challenges faced during the pandemic, Sri Lanka’s logistics sector has...

PHARMACEUTICAL SECTOR

Humaydh Sariffodeen June 26, 2025 2025-06-27T10:55:46+00:00

Import substitution plays a critical role in building self-reliance and enhancing industrial resilience...

CORPORATE SECTOR

Humaydh Sariffodeen June 26, 2025 No Comment2025-06-27T10:55:33+00:00

It’s an intriguing time to be leading a diversified conglomerate. We’re witnessing early signs of...

RETAIL SECTOR

Humaydh Sariffodeen June 26, 2025 2025-06-27T10:56:28+00:00

A crucial aspect of strategy development is defining precise objectives, as vague ones lead...

BUSINESS AFFAIRS

THE TAX REGIME

Humaydh SariffodeenJune 26, 20252025-06-27T10:57:38+00:00

In April, the World Bank released its South Asia Development Update titled Taxing Times, which...

TECH WARS

Humaydh Sariffodeen June 26, 2025 No Comment2025-06-27T10:57:53+00:00

A new tech cold war is underway with the rivalry between the US and China over AI; and it has entered...

AGRICULTURE SECTOR

Humaydh Sariffodeen June 25, 2025 2025-07-08T08:34:11+00:00

Climate change presents a formidable challenge to global agriculture by amplifying the frequency and severity of abiotic and...

CLIMATE ACTION

Humaydh Sariffodeen June 25, 2025 2025-07-09T11:54:58+00:00

Former UN secretary-general Ban Ki-moon once observed that “climate change does not respect borders; it does not respect who...

MANAGEMENT DIGEST

HUMAN EMPATHY

Humaydh SariffodeenJune 26, 2025No Comment2025-06-27T10:58:52+00:00

In this era of globalisation, digital transformation and rapidly evolving workplace structures...

CULTURAL MACHINE

Humaydh Sariffodeen June 26, 2025 2025-06-27T10:59:21+00:00

We hear about algorithms all the time. Initially developed to sort and organise data, algorithms are...

RETAIL TRENDS

Humaydh Sariffodeen June 26, 2025 2025-06-27T10:59:33+00:00

Sri Lanka’s retail landscape has transformed significantly over the recent past. From product...

COGNITIVE PSYCHOLOGY

Humaydh Sariffodeen June 26, 2025 No Comment2025-06-27T10:59:44+00:00

In the age of knowledge, ideas are the foundation of success in almost every field. You can have...

TOP SHELF

SRI LANKANS OVERSEAS

Humaydh SariffodeenJune 26, 2025No Comment2025-06-25T19:20:25+00:00

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

YOUTH FORUM

Humaydh Sariffodeen June 26, 2025 No Comment2025-06-27T11:00:32+00:00

The good in Sri Lanka is its natural beauty and rich diverse culture. The people are warm and welcoming...

SRI LANKANS OVERSEAS

Humaydh Sariffodeen May 29, 2025 No 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

MEDIA RELEASES

EMIRATES

Humaydh SariffodeenJuly 9, 20252025-07-09T13:24:10+00:00

Sri Lanka is among the top three summer destinations for travel in July and August, according to the latest booking data of...

SRI LANKA SHIPPERS’ COUNCIL

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:21:54+00:00

The Joint Chambers of Commerce today urged the Government of Sri Lanka to engage in meaningful consultation with all...

ROCKLAND & SLHGA

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:19:47+00:00

The Rockland Group, a pioneer in the beverage industry, in partnership with the Sri Lanka Hospitality Graduates Association...

TECHNOMEDICS

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:17:35+00:00

Technomedics, a leader in healthcare technology in Sri Lanka, proudly announces the appointment of Meval Srilal, Chanaka...

HERITANCE HOTELS & RESORTS AND AITKEN SPENCE TRAVELS

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:15:48+00:00

Heritance Hotels and Resorts, the flagship brand...

FAIRWAY HOLDINGS

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:14:12+00:00

Art & Jazz on the Street, a vibrant monthly event by Fairway Holdings & Fairway Colombo, is transforming Colombo Fort into a...

AIA INSURANCE

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:12:08+00:00

As part of its groundbreaking ‘Rethink Healthy’ campaign, AIA Insurance continues to shift conventional health narratives...

THE COLOMBO HOCKEY ASSOCIATION

Humaydh Sariffodeen July 9, 2025 2025-07-09T13:09:46+00:00

The Colombo Hockey Association (CHA), now proudly celebrating its monumental 70th anniversary, continues to honor its...

AHK SRI LANKA

Humaydh Sariffodeen July 8, 2025 2025-07-08T10:23:33+00:00

In a significant step toward enhancing Sri Lanka’s healthcare system, Mr. Martin Klose, Chief Delegate of the Delegation of...

AMANA BANK

Humaydh Sariffodeen July 8, 2025 2025-07-08T10:19:42+00:00

Amana Bank recently expanded its people-friendly banking model to the Matara District with the opening of its 35th Self...

UNITED TRACTORS & EQUIPMENT (PVT) LTD (UTE)

Humaydh Sariffodeen July 8, 2025 2025-07-08T09:42:58+00:00

United Tractors & Equipment (Pvt) Ltd (UTE), the authorised dealer for Caterpillar® machinery in Sri Lanka since 1947, will once...

IIHS

Humaydh Sariffodeen July 8, 2025 2025-07-08T09:40:57+00:00

The International Institute of Health Sciences (IIHS), Sri Lanka’s leading healthcare education provider, has launched three new...

PARTNER NEWS

DFCC ALOKA

Humaydh SariffodeenJuly 1, 20252025-07-01T20:30:34+00:00

DFCC Bank PLC is proud to announce a landmark achievement: DFCC Aloka, the Bank’s women-centric banking proposition, has...

VISION CARE

Humaydh Sariffodeen July 1, 2025 2025-07-01T20:22:00+00:00

Vision Care, Sri Lanka’s largest provider of vision, hearing, and eyewear solutions, is proud to sponsor the Sri Lanka Junior...

SCOPE CINEMAS

Humaydh Sariffodeen July 1, 2025 2025-07-01T20:02:36+00:00

F1 The Movie, the high-octane film from Apple Original Films and Warner Bros. Pictures, had its red-carpet premiere hosted by...

DIMO

Humaydh Sariffodeen July 1, 2025 2025-07-01T19:46:02+00:00

DIMO, a leading diversified conglomerate in Sri Lanka, has successfully secured the order for design & supply of a...

CROCODILE

Humaydh Sariffodeen July 1, 2025 2025-07-01T19:43:59+00:00

Crocodile, a globally reputed premium fashion brand, has been honoured among the Top 3 Most Loved Fashion Brands, securing...

DFCC BANK

Humaydh Sariffodeen July 1, 2025 2025-07-01T19:30:00+00:00

As part of a series of initiatives commemorating DFCC Bank’s 70th anniversary, multi-religious observances were held across the...

NDB BANK

Humaydh Sariffodeen July 1, 2025 2025-07-01T19:09:32+00:00

In a shared vision to simplify international education pathways and empower Sri Lankan students with global opportunities, NDB...

NDB BANK

Humaydh Sariffodeen June 29, 2025 2025-06-29T16:13:30+00:00

Every successful business begins long before the first sale. It begins with a spark, an idea you can’t stop thinking about. But...

NDB BANK

Humaydh Sariffodeen June 27, 2025 2025-06-27T23:38:32+00:00

In line with its commitment to economic empowerment and environmental conservation NDB Bank has collaborated with the...

SLT-MOBITEL

Humaydh Sariffodeen June 24, 2025 2025-06-24T21:06:37+00:00

SLT-MOBITEL, the National ICT Solutions Provider, reaffirmed its dedication to environmental sustainability by awarding three...

BANK OF CEYLON

Humaydh Sariffodeen June 23, 2025 2025-06-23T16:40:04+00:00

In commemorating of International Micro, Small and Medium-sized Enterprises (MSME) Day, the Bank of Ceylon is preparing to...

NDB BANK

Humaydh Sariffodeen June 23, 2025 2025-06-23T16:36:05+00:00

NDB Bank recently hosted its prestigious Retail Banking Awards 2024, honouring the exceptional achievements and unwavering...

OPINION POLLS

BUSINESS SENTIMENT

Humaydh SariffodeenJune 26, 20252025-06-27T10:47:51+00:00

The country is grappling with a multifaceted public health crisis, battling simultaneous outbreaks of dengue, chikungunya (CHIKV)...

BURNING ISSUES

Humaydh Sariffodeen June 26, 2025 2025-06-23T16:49:49+00:00

Tax burdens continue to be the main business concern, exacerbating the burning issues facing the corporate community. Forty...

THE ECONOMY

Humaydh Sariffodeen June 26, 2025 2025-06-25T19:12:21+00:00

THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of June, sees a notable decline in optimism...

THE COST OF LIVING

Humaydh Sariffodeen June 25, 2025 2025-06-25T17:22:03+00:00

The PepperCube Cost of Living Index (CLI) recorded a second straight increase in May – albeit marginally – inching up by 0.6 points...

FINANCIAL PROFILES

MICROCOSM

Humaydh SariffodeenJune 26, 20252025-06-25T17:14:56+00:00

Sri Lanka’s official foreign reserves declined by three percent at the end of April, falling to US$ 6.32 billion from 6.53 billion...

KEY ECONOMIC DATA

Humaydh Sariffodeen June 26, 2025 2025-06-25T19:14:54+00:00

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HUMAN DEVELOPMENT INDEX

Humaydh Sariffodeen June 26, 2025 2025-06-24T20:33:41+00:00

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TOP GLOBAL RETAILERS

Humaydh Sariffodeen June 26, 2025 2025-06-24T20:34:53+00:00

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ONLINE EXCLUSIVES

SRI LANKA CAR MARKET TILTS TOWARD EVS WITH BYD, OTHER CHINESE LEADING

Kasun BasuriyaJuly 9, 20252025-07-09T06:57:07+00:00

For decades, Sri Lanka's roads told a familiar story of sturdy imported Japanese sedans…...

INNOVATION AND INTEGRATION CAN REVIVE GROWTH AMID SWEEPING GEOPOLITICAL CHANGE

Humaydh Sariffodeen June 9, 2025 2025-06-09T14:23:27+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…...

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...

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