LMD | Sri Lanka Business Magazine

HAVE YOUR SAY

THE DEATH PENALTY

COVER STORY

BEST WORKPLACES IN SRI LANKA

BUSINESS SENTIMENT

THE INDEX REGAINS ITS FOOTING

LIONS OF SRILANKA

www.lionsofsl.lk

SHUTTER BUZZ

This week on ShutterBuzz we focus on the rise of civilian initiatives in Sri Lanka.

STATE OF THE NATION

IN THE SPOTLIGHT STATE OF THE NATION Asoka Obeyesekere in the hot seat BIZ CONFIDENCE Index Regains Footing Sharang Pant THE ECONOMY Sri Lanka’s Macro Outlook Shiran Fernando

EDITORIALS

THE BIG PICTURE

Sachira De Silva2019-07-01T05:00:01+00:00

This isn’t the first time in Sri Lanka’s chequered post-independence history that its globally acclaimed tourism industry has had to rely on local leisure seekers...

STATE OF THE NATION

Sachira De Silva No Comment2019-07-01T03:00:35+00:00

There’s something about Fridays and executive actions. It spans the gamut from arrogantly sacking parliament to arrogating the state printer...

LEADERSHIP LACUNAE

Sachira De Silva 2 Comments2019-07-01T02:03:19+00:00

For the past 10 years, the government has dealt with concerns over political grievances and human rights violations...

2 Comments

SOCIAL MEDIA CONUNDRUM

Sachira De Silva 2019-07-01T01:00:14+00:00

How long could you survive without complaining or feeling down if you were to embark on a ‘social media fast’? Humans are social...

CURRENT AFFAIRS

COUNTERTERRORISM ACTION

Sachira De Silva4 Comments2019-07-01T05:00:34+00:00

On 17 April, 80 percent of the 193 million registered Indonesians cast their vote in one...

4 Comments

COUNTERING EXTREMISM

Sachira De Silva 2019-07-01T04:00:57+00:00

Even though violent extremism can never be justified, it’s not something that happens in a vacuum. Apart from actual...

BLACK HOLE OF FAITH

Sachira De Silva 2019-07-01T03:00:06+00:00

On 10 April, the first photograph of a black hole in space was published. The black hole was located in the Messier 87 galaxy, approximately 55 million...

SAMOA TODAY

Sachira De Silva 1 Comment2019-07-01T02:42:56+00:00

Let’s be honest. When was the last time Samoa was in the news? And when it did feature in the international news headlines...

1 Comment

BUSINESS FORUM

HEALTHCARE SECTOR

Sachira De Silva2019-07-01T05:00:09+00:00

Increasing demand for private healthcare is driven by Sri Lanka’s ageing population and the rising incidence of noncommunicable diseases (NCDs), which...

REAL ESTATE SECTOR

Sachira De Silva 2019-07-01T04:00:11+00:00

The aftershocks of the Easter Sunday attacks have impacted the sector as a whole. Sri Lanka has much to offer but due to inconsistent policy...

MARKETING PROFESSION

Sachira De Silva 1 Comment2019-07-01T03:00:11+00:00

In some countries, they’re quite advanced compared to the local context. In India for example, separate teams handle...

1 Comment

TOURISM INDUSTRY

Sachira De Silva 3 Comments2019-07-01T02:00:04+00:00

The people and communities of Sri Lanka, the country itself and everything it has to offer – from sandy beaches and wildlife...

3 Comments

BUSINESS AFFAIRS

DEBT MANAGEMENT

Sachira De Silva2019-07-01T06:00:29+00:00

Sri Lanka’s public debt has been on the rise, growing to 91.9 percent of GDP in 2018 compared to 84.9 percent in the prior year due to...

STARTUP FUNDING

Sachira De Silva 2 Comments2019-07-01T05:55:32+00:00

What does it take to convert a brilliant idea into a profitable business? Funding! Instinct takes many an...

2 Comments

RURAL SECTOR

Sachira De Silva 1 Comment2019-07-01T05:50:35+00:00

In the immediate post-independence years and even earlier, the country’s rural and semi-urban areas lacked the...

1 Comment

PLASTIC PLANET

Sachira De Silva 2019-07-01T05:45:37+00:00

Year 2019 may well be remembered as a time when the world turned against plastic. We have seen too many pivotal pictures of plastic waste...

MANAGEMENT PLUS

LEADERSHIP DEVELOPMENT

Sachira De Silva2019-07-01T06:00:46+00:00

Amid a constant flow of information, virtually every aspect of human civilisation has shifted to complex and uncertain dimensions....

CORPORATE GOVERNANCE

Sachira De Silva 5 Comments2019-07-01T05:55:49+00:00

A preponderant issue that’s emerged in the wake of the new Securities Exchange Act proposed by the...

5 Comments

INNOVATION AND RISK

Sachira De Silva 1 Comment2019-07-01T05:50:51+00:00

Even as we extol the virtues of innovators, and emphasise the need for product and service innovation...

1 Comment

EDUCATING SRI LANKA

Sachira De Silva 2019-07-01T05:45:53+00:00

When I sat the SSC exam (the former O-Levels), civics was one of the options. And I have often wondered why it was dropped because it...

TOP SHELF

YOUTH FORUM

Sachira De SilvaNo Comment2019-07-01T06:00:06+00:00

Sri Lanka is indeed the ‘Pearl of the Indian Ocean’; it is blessed with a diverse culture, rich history, nature, and friendly and hospitable people...

BOOKRACK

Sachira De Silva 2019-07-01T05:00:50+00:00

The dastardly Easter Sunday bombings – and resultant spate of deaths, injuries and general disruption to life in Sri Lanka – were uppermost in my mind...

THE ROVING DIPLOMAT

Sachira De Silva 2019-07-01T04:00:34+00:00

At a time when relations between India and Pakistan have been steadily deteriorating, the invitation to talks extended by Indian Prime Minister...

DIPLOMATIC MISSION

Sachira De Silva 2019-07-01T03:00:26+00:00

For I Gusti Ngurah Ardiyasa, Sri Lanka is one of the best postings primarily because he loves nature, people and the country’s unique personality...

MEDIA RELEASES

CULTIVATING THE NEXT GENERATION OF GOVERNMENT LEADERS

Sachira De Silva2019-07-19T13:42:39+00:00

There’s a movement taking place within public sectors across the world and Sri Lanka ...

HIGH COMMISSION OF INDIA

Sachira De Silva 2019-07-19T13:35:57+00:00

A contract agreement for around US$ 91.26 million for upgrading of railway track from Maho to Omanthai under Indian concessional financing was signed between IRCON...

NATIONAL PEACE COUNCIL

Sachira De Silva 2019-07-19T13:28:17+00:00

Cognisant of the political deadlock within the country, and as a means of ending it, President Maithripala Sirisena has referred to the need to abolish the 19th Amendment...

THE SUMMONING

Sachira De Silva 2019-07-19T06:00:33+00:00

The Summoning, a production by High School Junkies directed by Akash Sk, has been selected for screening at the San Diego Comic-Con’s International...

UMW

Sachira De Silva 2019-07-19T05:55:39+00:00

Sri Lanka’s leading multi-brand workshop, Ultimate Motorworks Ltd (UMW) announced a drastic expansion to its ability to provide specialized...

YOULEAD SOCIAL MEDIA

Sachira De Silva 2019-07-19T05:50:44+00:00

The first two career fairs since the Easter Sunday attacks in Sri Lanka were held in southern coastal cities - Galle and Matara on 22nd and 29th of June...

ZILLIONE

Sachira De Silva 2019-07-19T05:45:48+00:00

The latest version of SAGE 300, the globally recognized Enterprise Resource Planning (ERP) solution was introduced to Sri Lanka by ZILLIONe recently...

SEYLAN BANK

Sachira De Silva 2019-07-18T11:20:22+00:00

Continuing its commitment to offering convenient banking services, The Bank with a heart announced the opening of its fully-fledged branch...

MERCHANT BANK OF SRI LANKA & FINANCE PLC

Sachira De Silva 2019-07-18T06:00:47+00:00

mCash, one of Sri Lanka’s pioneering Mobile Financial Services Platform, is partnering Merchant Bank of Sri Lanka & Finance...

PEUGEOT

Sachira De Silva 2019-07-18T05:55:51+00:00

Carmart (Pvt) Ltd, the sole manufacturer authorized importer/distributer in Sri Lanka for the world-renowned European vehicle brand Peugeot...

SPA CEYLON

Sachira De Silva 2019-07-18T05:45:56+00:00

Spa Ceylon – the world’s largest Ayurveda Wellness chain, was a major winner at the World Luxury Spa Awards 2019 in St Petersburg, Russia...

THE CEYLON CHAMBER OF COMMERCE

Sachira De Silva 2019-07-17T15:15:00+00:00

What would be the role of businesses in creating a sustainable economic resurgence? Speaking from...

PARTNER NEWS

NSB

Sachira De Silva2019-07-17T06:00:31+00:00

NSB has received the coveted Payment Card Industry Data Security Standard (PCI-DSS) certification, the cardholder data security standard accepted...

DIMO

Sachira De Silva 2019-07-15T06:00:37+00:00

Diesel & Motor Engineering PLC (DIMO), Sri Lanka’s automotive pioneer and the Authorized General Distributor for Mercedes-Benz in the...

VISION CARE

Sachira De Silva 2019-07-12T10:16:12+00:00

Resolute in its mission to deliver enhanced eye care outcomes to people in Sri Lanka, the pioneering eye care company, Vision Care, successfully ...

SLT

Sachira De Silva 2019-07-11T10:02:50+00:00

Sri Lanka Telecom (SLT), the leading ICT and digital services provider in Sri Lanka opened its revamped state-of-the-art Regional Telecommunication office (RTO) ...

SAYERLACK PU

Sachira De Silva 2019-07-10T10:34:33+00:00

With 25 years of wood coating experience in Sri Lanka, JAT Holdings holds firm to its status as the pioneer in the water base wood coating industry in the island...

MOUNT LAVINIA HOTEL

Sachira De Silva 2019-07-09T10:11:25+00:00

Cascading waterfalls, enchanting forests, mesmerizing oceans and breathtaking mountains, this is our beautiful planet. Yet we always finds...

MOBITEL

Sachira De Silva 2019-07-09T10:07:32+00:00

The National Mobile Service Provider, Mobitel, successfully concluded the eagerly-awaited 39th episode of its much acclaimed loyalty rewards...

JAT

Sachira De Silva 2019-07-08T10:40:05+00:00

With millions of satisfied customers worldwide, the world’s number one wood coating brand Sayerlack has taken the construction and wood ...

APACHE AVIATION AND BREITLING

Sachira De Silva 2019-07-08T10:33:55+00:00

For 17 years, Apache Aviation has operated the Breitling Jet Team, the world’s first professional civil jet team, and its seven...

SLIC

Sachira De Silva 2019-07-05T11:44:53+00:00

Endorsing Sri Lanka Insurance as the trusted insurer of the nation Fitch upgrades Sri Lanka Insurance’s national Insurer Financial Strength (IFS) rating ...

SINGER

Sachira De Silva 2019-07-05T11:20:59+00:00

Singer’s Money Back Guarantee offer boost Huawei customer confidence With the assurance…...

BOC

Sachira De Silva 2019-07-04T16:25:46+00:00

Power-up your wallet with the “BOC Multi-Currency Travel Card” that is uploaded upfront as your most trusted companion before you begin your foreign...

ONLINE EXCLUSIVES

TRADE BALANCE

Sachira De Silva2019-07-19T14:17:35+00:00

A deficit of US$ 823 million was reported in the trade account for May versus 933 million dollars in the corresponding month of the prior year...

FOREIGN DIALOGUE

Sachira De Silva 2019-07-18T14:43:39+00:00

The EU-Sri Lanka ad hoc dialogue on counterterrorism cooperation concluded in Colombo with a number of insights arising from the weeklong discussions....

REGIONAL TIES

Sachira De Silva 2019-07-17T15:09:38+00:00

Over a dozen Sri Lankan companies participated in a catalogue show organised by the Lahore Chamber of Commerce & Industry (LCCI) in collaboration...

NATIONAL EXPORTS

Sachira De Silva 2019-07-17T09:44:40+00:00

Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy recently stated that export transformation is crucial for Sri Lanka ...

LABOUR FORCE

Sachira De Silva 2019-07-12T11:02:16+00:00

The number of employed persons in Sri Lanka rose to 8.2 million during the first quarter of 2019 with the services and industry sectors witnessing...

NATIONAL HEALTH

Sachira De Silva 2019-07-10T14:59:38+00:00

WHO recently announced that Sri Lanka has eliminated measles, an acute and highly contagious viral disease that primarily occurs among children...

AVIATION INDUSTRY

Sachira De Silva 2019-07-10T14:14:39+00:00

A number of measures have been announced to collectively boost the tourism industry with arrivals picking up and Lonely Planet reiterating its...

TECH ADVANCEMENTS

Sachira De Silva 2019-07-08T16:14:28+00:00

‘OVERLOCKED 2019’ – the inaugural hackathon hosted by Sysco LABS – placed a special focus on AI and machine learning technologies, with Vice...

ONLINE FEATURES

FITCH RATINGS

Sachira De Silva2019-07-02T10:53:29+00:00

Fitch Ratings has assigned Sri Lanka's USD500 million 6.35% bonds due 2024 and USD1.5 billion 7.55% bonds due 2030 a final rating of 'B'....

FITCH RATINGS

Sachira De Silva 2019-07-02T10:50:58+00:00

Fitch Ratings has assigned HNB Finance Limited's (HFL, A(lka)/Stable) proposed Sri Lanka rupee-denominated subordinated unsecured debentures an expected ...

FITCH RATINGS

Sachira De Silva 2019-07-02T10:47:33+00:00

Fitch Ratings has revised the Outlook on Mercantile Investments and Finance PLC (MIF) to Negative from Stable and has affirmed the ratings...

SRI LANKA INSURANCE DASHBOARD 2H19

Sachira De Silva 2019-06-28T11:50:45+00:00

Sri Lanka’s insurance industry expansion is likely to moderate in the near term, based on Fitch Ratings’ ...

SRI LANKA BANKS’ RESULTS DASHBOARD

Sachira De Silva 2019-06-28T11:43:07+00:00

Fitch Ratings’ expectation of continued pressure on banks’financial profiles due to the challenging ...

FITCH RATINGS

Sachira De Silva 2019-06-24T14:55:27+00:00

Fitch Ratings-Hong Kong-24 June 2019: Fitch Ratings has assigned Sri Lanka's forthcoming US dollar bonds an expected rating of 'B(EXP)'....

FITCH RATINGS

Sachira De Silva 2019-06-24T14:34:37+00:00

Sri Lankan Small and Mid-Sized Banks...

FITCH RATINGS

subra 2019-06-18T18:05:49+00:00

Fitch Ratings has affirmed Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating at 'A-(lka)'. The Outlook is Stable.The affirmation reflects the company's...

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