LMD | Sri Lanka Business Magazine

COVER STORY

Following an arduous year with unprecedented challenges in the form of the COVID-19 pandemic that brought major segments of the economy to a virtual standstill

BUSINESS SENTIMENT

The trade deficit narrowed in September on the back of exports recording earnings in excess of a billion dollars for the fourth

HAVE YOUR SAY

NEW YEAR WISH LIST
What is on your wish list for Sri Lanka in 2022?

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DIGITAL EDITIONS

LMD DIGITAL EDITIONS LIVING DIGITAL EDITIONS SPECIAL DIGITAL EDITIONS COFFEE TABLE BOOKS OTHER PUBLICATIONS

BREAKING BUSINESS NEWS

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

EDITORIALS

THE BIG PICTURE

Tharindu PereraNo Comment2021-12-02T09:09:14+00:00

Whether or not one supports or opposes the incumbent government, it is no secret that Sri Lanka is grappling with multiple crises...

COVID-19 FALL OUT

Tharindu Perera No Comment2021-12-02T08:45:22+00:00

We may well be speaking for most of us by saying we haven’t been feeling like ourselves since the outbreak of COVID-19. A shadow...

STATE OF THE NATION

Tharindu Perera 2021-12-02T08:31:44+00:00

Aquatrain in Dhammapada characterises our blessed isle’s welfare as being conditional. So when a brace of these crumble...

COP26 MEETING

Tharindu Perera 2021-12-02T08:00:10+00:00

Most of the world’s citizens had very little hope that any positive outcomes would emerge as result of an overrated and overhyped...

CURRENT AFFAIRS

EURO GRAFT

Tharindu PereraNo 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...

WATER SCARCITY

Tharindu Perera No Comment2021-12-02T08:45:44+00:00

Frequent and thorough hand washing is perhaps the most recognised frontline defence against the spread of COVID-19. Yet, a...

TALIBAN AND THE WEST

Tharindu Perera 2021-12-02T08:30:53+00:00

“Kabul has fallen,” reports the Western press. “Kabul has been reclaimed,” claims a Pakistani newspaper. What do you think?...

NORWAY TODAY

Tharindu Perera 2021-12-02T08:15:06+00:00

Europe’s northernmost nation is the Kingdom of Norway. It has an economic freedom score of 73.4, making it the world’s 28th freest...

BUSINESS FORUM

AVIATION INDUSTRY

Tharindu PereraNo Comment2021-12-02T09:00:43+00:00

According to a report released by travel data and analytics company Cirium, COVID-19 reduced airline passenger traffic to levels that...

IT INDUSTRY

Tharindu Perera 2021-12-02T08:45:50+00:00

I believe the rapid growth of the IT industry is the result of well thought out decisions taken in the late 1990s. As a result, the private...

LEASING SECTOR

Tharindu Perera 2021-12-02T08:00:16+00:00

As of 30 June, the contribution from leasing and loans to the income earning portfolios of the sector – which stood at Rs 1.17 trillion...

SRI LANKANS OVERSEAS

Tharindu Perera No Comment2021-12-02T07:56:46+00:00

Yes, it will certainly regain its composure mainly due to the resilience of the Sri Lankan people and private sector organisations...

BUSINESS AFFAIRS

BUDGET 2022

RohanNo Comment2021-12-02T09:00:18+00:00

In the lead up to the maiden budget proposals delivered by the finance minister on 12 November, expectations were riding high...

SUPPLY CHAIN CRISIS

Rohan 2021-12-02T08:45:49+00:00

We are presently witnessing the worst disruption of the supply chain since the advent of the shipping container era in the late 1950s...

MARITIME ARCHAEOLOGY

Rohan 2021-12-02T08:30:59+00:00

A good part of Sri Lanka’s heritage lies scattered on its seabed. Scores of ill-fated vessels have come to grief off the island’s coast over...

ENTREPRENEURIAL BOOM

Rohan No Comment2021-12-02T08:00:06+00:00

COVID-19 has been an unprecedented health and economic catastrophe for the world. But like every dark cloud has a silver lining...

MANAGEMENT DIGEST

CORPORATE COMMUNICATIONS

Tharindu Perera2021-12-02T09:00:53+00:00

The amazing potential of AI in the revolution of business is currently being explored in various sectors including corporate...

MARKETING NOMENCLATURE

Tharindu Perera 2021-12-02T08:45:20+00:00

The practice of effective marketing as we know it requires a great deal of effort in this disruptive era of media proliferation and dwindling...

E-PRODUCTIVITY

Tharindu Perera No Comment2021-12-02T08:15:58+00:00

Have you noticed how your phone receives a message or an alert every few minutes or so? A friend chats on WhatsApp, your bank texts...

MENTAL WELLBEING

Tharindu Perera No Comment2021-12-02T08:00:22+00:00

As one year comes to an end and another is about to begin, it’s time to count our blessings. That isn’t simply a well-worn cliché – it’s...

TOP SHELF

YOUTH FORUM

Tharindu PereraNo 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...

BOOKRACK

Tharindu Perera 2021-12-02T08:45:55+00:00

In Sri Lanka, the Chinese were once known for their dentistry since a good set of teeth is vital for a smiling face. But we’re seeing...

LIFESTYLE

Tharindu Perera 2021-12-02T08:00:17+00:00

I wanted to be a teacher because some of the most inspirational people in my early life were my teachers at Holy Family...

YOUTH FORUM

Tharindu Perera No Comment2021-10-28T09:00:12+00:00

The good is certainly the warm Sri Lankan smile and our rich cultural heritage, which makes us unique.However, the bad and ugly...

MEDIA RELEASES

AIA INSURANCE

Tharindu Perera2021-12-07T13:16:16+00:00

AIA Insurance powers the second edition of the Lankan Premier League (LPL) as the Official Partner. We look forward to encouraging...

IMPERIAL COLLEGE OF BUSINESS STUDIES (ICBS)

Tharindu Perera 2021-12-07T13:12:04+00:00

Imperial College of Business Studies (ICBS), one of the fastest-growing education providers in Sri Lanka, successfully conducted the 2020...

SPRING & SUMMER

Tharindu Perera 2021-12-06T16:16:49+00:00

Spring & Summer announce plans for island-wide expansion of illustrious apparel and fashion brand with the opening of its first store in...

EGUARDIAN

Tharindu Perera 2021-12-06T15:43:01+00:00

Mafaz Fahrid started his career focusing on technology and today possesses 18 years of experience in the Services & Technology industry...

LAUGFS LUBRICANTS

Tharindu Perera 2021-12-06T14:15:52+00:00

LAUGFS Lubricants, Sri Lanka's only home-grown lubricant brand, is now serving the Sri Lankan private bus owners. In response to the current...

WOMEN DIRECTORS’ FORUM (WDF)

Tharindu Perera 2021-12-03T12:38:34+00:00

The customer service concept has been reshaped since the outbreak of the COVID-19 pandemic early last year, disrupting the experiences ...

FIRST CAPITAL TREASURIES PLC

Tharindu Perera 2021-12-03T10:32:51+00:00

One of Sri Lanka’s leading non-bank primary dealers, First Capital Treasuries PLC, a subsidiary of the Janashakthi Group’s First Capital...

COLOMBO CLUB

Tharindu Perera 2021-12-03T10:22:44+00:00

There are a few institutions that can claim to have had Governors of our Country such as Rt. Hon. Sir William Henry Gregory, Sir James...

DARAZ

Tharindu Perera 2021-12-02T11:57:11+00:00

Daraz Group CEO of Daraz, Mr. Bjarke Mikkelsen visited Sri Lanka on 25-26 November 2021. During his visit he met with key government...

RAINFOREST ALLIANCE

Tharindu Perera 2021-12-02T10:49:39+00:00

The Rainforest Alliance convened a reception in Colombo recently that brought together key organisations and individuals to share...

DARAZ

Tharindu Perera 2021-12-01T10:25:26+00:00

The 1,500+ strong Daraz operations team, delivered an outstanding performance from the moment the clock struck midnight on...

MYLAND DEVELOPMENTS LIMITED

Tharindu Perera 2021-11-29T13:55:53+00:00

Real estate developer, Myland Developments Limited (MDL) has announced an Initial Public Offering (IPO), via offering a 17.24% stake...

PARTNER NEWS

HNB

Tharindu Perera2021-12-07T12:39:52+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...

HNB

Tharindu Perera 2021-12-07T12:11:36+00:00

HNB has been recognized by Daraz for exceptional contribution to its growth, in an independent endorsement of Sri Lanka’s leading...

SRI LANKA INSURANCE

Tharindu Perera 2021-12-03T10:55:44+00:00

Sri Lanka Insurance signed a Memorandum of Understanding (MoU) with the Postgraduate Institute of Management Alumni (PIMA)...

JAT PROPERTY GROUP PVT LTD

Tharindu Perera 2021-12-03T10:45:36+00:00

JAT Property Group Pvt Ltd recently announced the launch of its fourth residential development - 146 Residencies, located in Thalawathugoda...

TAG HEUER

Tharindu Perera 2021-11-29T13:21:18+00:00

Luxury watch brand TAG Heuer partnered with the Royal Colombo Golf Club (RCGC) to jointly host the club’s 100th championship tournament...

SRI LANKA INSURANCE

Tharindu Perera 2021-11-25T13:35:38+00:00

Strengthening the relationship between two state giants, Sri Lanka Insurance join hands with Bank of Ceylon providing...

NDB BANK

Tharindu Perera 2021-11-25T13:28:50+00:00

National Development Bank PLC was recognized as one of the 40 Best workplaces™ by the independent analysts...

SINGER

Tharindu Perera 2021-11-24T12:05:33+00:00

Singer Sri Lanka, the country's premier consumer durables retailer joins forces with Imou to become the sole distributor of its comprehensive...

SRI LANKA INSURANCE

Tharindu Perera 2021-11-23T09:55:05+00:00

Sri Lanka Insurance in collaboration with National Transport Commission introduces an exclusive Motor Insurance package Route Permit ...

OPINION POLLS

BUSINESS SENTIMENT

Tharindu Perera2021-12-02T09:14:46+00:00

The trade deficit narrowed in September on the back of exports recording earnings in excess of a billion dollars for the fourth...

BURNING ISSUES

Tharindu Perera 2021-12-02T08:45:36+00:00

Amid daunting economic challenges and ahead of the Budget 2022 presentation, respondents to the latest LMD-NielsenIQ Business...

THE ECONOMY

Tharindu Perera 2021-12-02T08:30:57+00:00

“Sri Lanka’s manufacturing Purchasing Managers’ Index (PMI) improved to 60.4 in October, recording a seven month high...

CONSUMER CONFIDENCE

Tharindu Perera 2021-12-02T08:00:15+00:00

...

FINANCIAL PROFILES

MICROCOSM

Tharindu Perera2021-12-02T10:18:26+00:00

Moody’s recently downgraded Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to ‘Caa2’ from ‘Caa1 under...

KEY ECONOMIC DATA

Tharindu Perera 2021-12-02T09:00:52+00:00

...

NATION BRANDS

Tharindu Perera 2021-12-02T08:45:58+00:00

...

COVID RESILIENCE

Tharindu Perera 2021-12-02T08:30:17+00:00

...

ONLINE EXCLUSIVES

BITCOIN MAKES A COME BACK

Tharindu Perera2021-12-07T15:35:14+00:00

Bitcoin rose by 1.5 percent in Asia after firming overnight in line with equity markets and other risk assets but many crypto traders...

OIL PRICES ON REBOUND

Tharindu Perera 2021-12-07T13:01:34+00:00

Oil prices rose by more than US$ 1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United...

THE US’s JOB GROWTH FALLS SHORT OF EXPECTATIONS

Tharindu Perera 2021-12-06T17:24:49+00:00

US employers hired only 210,000 more workers in November, missing economists' predictions for stronger growth...

INDONESIAN VOLCANO ERUPTS

Tharindu Perera 2021-12-06T12:28:53+00:00

The eruption of Indonesia’s Semeru volcano has killed at least 143 people and injured dozens...

HOW CAN COMPANIES RETAIN THEIR ‘NO-SHOWS?’

Tharindu Perera 2021-12-04T18:48:46+00:00

"Ghosting" isn't new to the job market, -- and it happens on both sides. When there are more job seekers than open positions, candidates...

THE US TIGHTENS TRAVEL RULES

Tharindu Perera 2021-12-04T13:46:30+00:00

President Joe Biden has unveiled stricter COVID-19 travel rules as the US confirmed a handful of cases of the Omicron variant from...

WHO ADVISES ‘HIGH RISK’ INDIVIDUALS TO POSTPONE TRAVEL PLANS DUE TO OMICRON VARIANT

Tharindu Perera 2021-12-03T12:59:20+00:00

The World Health Organization advised people in certain groups at a higher risk of contracting COVID-19, including the unvaccinated...

THE UAE TOPS THE WORLD AS MOST COVID-19 RESILIENT COUNTRY

Tharindu Perera 2021-12-02T13:08:10+00:00

The UAE topped the latest COVID-19 global resilience ranking, with Finland and Chile also among the leaders.The UAE has been a consistently...

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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