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 No Comment2019-07-01T05:50:51+00:00

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

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

EMIRATES

Sachira De Silva2019-07-15T13:00:46+00:00

Emirates has partnered with world-renowned hotel providers to offer its passengers travelling to and through Dubai attractive summer rates...

CFD

Sachira De Silva 2019-07-15T12:58:28+00:00

The Colombo Municipal Council is partnering with The Embassy of the Kingdom of the Netherlands in Sri Lanka to pilot Colombo’s first ever car-free...

ATOM

Sachira De Silva 2019-07-15T12:55:56+00:00

Cricket fever is in the air! And regardless of the outcome in the World Cup, Sri Lankans never give up on our love for the game...

ASTER RESIDENCIES

Sachira De Silva 2019-07-15T12:52:42+00:00

Aster Residencies (Pvt) Ltd announced the completion of the building structure of its flagship residential project in Nugegoda, the 10-storey Aster...

AIA

Sachira De Silva 2019-07-15T12:49:55+00:00

Seven lives were saved this year, thanks to AIA’s Poson Safety Programme. Now in its 26th consecutive year, the programme aims at protecting...

TOYOTA

Sachira De Silva 2019-07-12T10:26:29+00:00

Toyota Lanka (Pvt) Ltd, the sole authorized dealer for Toyota vehicles and spare parts in Sri Lanka recently held its annual dealer convention ...

SIA

Sachira De Silva 2019-07-12T10:21:16+00:00

Singapore Airlines (SIA) will be investing more than SGD50 million in a major revamp of its SilverKris and KrisFlyer Gold Lounges at Changi Airport ...

ZILLIONe

Sachira De Silva 2019-07-11T17:47:06+00:00

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

LAUGFS

Sachira De Silva 2019-07-11T15:03:01+00:00

Anantaya Resorts & Spas were recently awarded by the online review portal of HolidayCheck with an overall score of 5.7 out of 6 for Anantaya Resort & Spa...

NIAP

Sachira De Silva 2019-07-11T10:11:19+00:00

NiApreneurs - a social enterprise with a difference - was launched today in Colombo with the overarching objective of empowering ...

JB VANTAGE

Sachira De Silva 2019-07-11T10:06:42+00:00

JB Vantage won not only the Silver but also the Bronze award in the Best Unit Trust category, at the seventh annual CFA Capital Market Awards...

ICC

Sachira De Silva 2019-07-10T10:59:58+00:00

A concert is being organized to raise funds for the victims and families of the Easter Sunday Bombings. Titled, ‘21/4 We Care Concert’...

PARTNER NEWS

DIMO

Sachira De Silva2019-07-15T06:00:37+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...

NSB

Sachira De Silva 2019-07-04T11:31:22+00:00

A green garden, which consists of valuable trees and plants, established in commemoration of the people who have lost their lives by the terrorist attack on ...

ONLINE EXCLUSIVES

LABOUR FORCE

Sachira De Silva2019-07-12T11:02:16+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...

TOURISM INDUSTRY

Sachira De Silva 2019-07-05T10:02:18+00:00

Sri Lanka remains the best country to visit in 2019 despite the recent terrorist attacks that shook the nation, according to Lonely Planet...

TRADE RELATIONS

Sachira De Silva 2019-07-01T12:25:58+00:00

The US has stated its willingness to cooperate in providing Sri Lanka with technical assistance for capacity building and skill development to improve bilateral trade...

IT INDUSTRY

Sachira De Silva 2019-07-01T10:19:00+00:00

The Sri Lanka Association of Software and Service Companies (SLASSCOM) launched AWS Educate, an initiative to position Sri Lanka as a hub for data ...

DIGITAL ECONOMY

Sachira De Silva 2019-06-27T15:17:30+00:00

In the lead up to World Social Media Day on 30 June, the Ministry of Digital Infrastructure and Information Technology announced that the government...

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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