LMD | Sri Lanka Business Magazine

HAVE YOUR SAY

FIGHTING TERRORISM

COVER STORY

THE FISCAL OUTLOOK

BUSINESS SENTIMENT

INDEX FALLS TO A DECADE-PLUS LOW

BRANDS ANNUAL 2019

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SHUTTER BUZZ

Tourism Confidence
This week on ShutterBuzz we focus on Sri Lanka’s tourism industry

MOTOR INDUSTRY

IN THE SPOTLIGHT MOTOR INDUSTRY Sumal Perera in the hot seat BIZ CONFIDENCE Index Nosedives Sharang Pant THE ECONOMY Sri Lanka’s Macro Outlook Shiran Fernando

EDITORIALS

THE BIG PICTURE

Sachira De Silva2019-05-01T06:00:59+00:00

Conspiracy theories have spread like wildfire in the aftermath of the cowardly acts of 21 April when terrorists who can best be described...

EASTER SUNDAY AFTERMATH

Sachira De Silva No Comment2019-05-01T05:55:04+00:00

A nation at peace. Its people on holiday. The security establishment in slumber land...

THE CIRCULAR ECONOMY

Sachira De Silva No Comment2019-05-01T05:50:07+00:00

A year’s worth of trash that fits in a single Mason jar… this seems to be the promise that popular international advocates of the...

ARTIFICIAL INTELLIGENCE

Sachira De Silva 2019-05-01T05:45:08+00:00

It seems that there’s an app for everything and every form of paranoia. With the lines blurring between...

CURRENT AFFAIRS

POST-HANOI PLAYBOOK

Sachira De Silva1 Comment2019-05-01T06:00:01+00:00

In spite of the bonhomie in Singapore that underpinned the historic first meeting between a US president and leader of North Korea...

1 Comment

MODEL LEADERSHIP

Sachira De Silva 3 Comments2019-05-01T05:55:06+00:00

In times of utter despair, we seek hope – and so it was in New Zealand, following the mosque shootings in Christchurch...

3 Comments

THE POWER CRISIS

Sachira De Silva 2019-05-01T05:50:08+00:00

The principal premise of the Smart Energy Summit that took place in Singapore recently was that “decentralised and digitalised energy...

LAW AND ORDER

Sachira De Silva 2019-05-01T05:45:10+00:00

Every society seeks justice from law enforcement. As former US President Lyndon B. Johnson once said, “effective law enforcement and...

BUSINESS FORUM

APPAREL INDUSTRY

Sachira De Silva2019-05-01T06:00:00+00:00

Sri Lanka’s apparel industry has been a mainstay of the economy for many years, standing strong amidst various economic and political...

CONSTRUCTION INDUSTRY

Sachira De Silva 2019-05-01T05:55:02+00:00

The industry is facing a downturn due to global and local factors. Construction exhibits cyclical behaviour generally, which would mean...

FINANCE SECTOR

Sachira De Silva No Comment2019-05-01T05:50:04+00:00

Not very good. Nonperforming loans (NPLs) are at one of the highest levels in history and most banking stocks are trading at their net...

RETAIL SECTOR

Sachira De Silva No Comment2019-05-01T05:45:06+00:00

I perceive huge potential for greater expansion of infrastructure in Sri Lanka across the spectrum including highways, bridges, major...

BUSINESS AFFAIRS

ECONOMIC TRENDS

Sachira De Silva2019-05-01T06:00:28+00:00

The full year’s numbers in relation to Sri Lanka’s economic growth, the external sector and foreign direct...

REGIONAL GEOPOLITICS

Sachira De Silva No Comment2019-05-01T05:55:31+00:00

The changing balance of power is not only between Asia and the West; it’s also in Asia itself, which raises concerns for future peace...

AGRICULTURE SECTOR

Sachira De Silva 2 Comments2019-05-01T05:50:33+00:00

Since Sri Lanka and other countries resorted to growing high-yield rice to feed increasing populations, a...

2 Comments

GREEN FINANCE

Sachira De Silva 2019-05-01T05:45:56+00:00

The Corporate Knights’ annual Global 100 of the most sustainable corporations lists entities with greater investment returns, better governance...

MANAGEMENT PLUS

QUALITY ASSURANCE

Sachira De Silva2019-05-01T06:00:33+00:00

Since the dawn of human civilisation, people across the world have attempted to upgrade physically consumable goods such as food...

NETWORKING NOTES

Sachira De Silva No Comment2019-05-01T05:55:36+00:00

Networking almost always evokes strong emotions among professionals. Some people swear by it while others despise it. If you network...

CONFLICT MANAGEMENT

Sachira De Silva No Comment2019-05-01T05:50:38+00:00

Turf wars destroy even the best companies; and so does groupthink, albeit in a different way. The common denominator between what...

ICT VALUE CHAIN

Sachira De Silva 2019-05-01T05:45:40+00:00

Sri Lanka’s US$ 900 million IT industry is expected to slow down sharply in the face of changing global market conditions. However...

TOP SHELF

YOUTH FORUM

webadmin-lmdNo Comment2019-05-01T08:00:53+00:00

While our literacy rate is higher than other Asian countries, extreme competition in examinations has created...

BOOKRACK

webadmin-lmd 2019-05-01T07:00:12+00:00

In his heyday, Sanath Jayasuriya cut an impressive figure on the cricket field. Playing against Pakistan in Singapore, he hammered 130 (including 11 sixes and 11 fours) off just 63 balls...

THE ROVING DIPLOMAT

webadmin-lmd 2019-05-01T06:00:38+00:00

The world was shocked when the Taliban destroyed the Bamyan Buddha statues and other priceless relics in Afghanistan. At first, it seemed...

DIPLOMATIC MISSION

webadmin-lmd 2019-05-01T05:00:08+00:00

It’s been four years since James Dauris presented his credentials as British High Commissioner to Sri Lanka and Ambassador to the Maldives...

MEDIA RELEASES

HIGH COMMISSION OF INDIA

subra2019-05-17T16:06:39+00:00

High Commissioner of India H.E. Taranjit Singh Sandhu paid respects at Sri Dalada Maligawa and received the blessings of the Most...

NATIONAL PEACE COUNCIL

subra 2019-05-16T16:18:21+00:00

The anti-Muslim riots in different parts of the country have led to at least two killings and wrecked the lives of thousands of innocent people...

CINNAMON HOTELS & RESORTS

Sachira De Silva 2019-05-15T17:11:50+00:00

Cinnamon Hotels and Resorts has been awarded the prestigious title of The Most Valuable Hospitality Brand in Sri Lanka for 2019 by...

WORLD BANK

Sachira De Silva 2019-05-15T16:50:28+00:00

Sri Lanka and the World Bank today signed a $70 million project to improve the quality of life of around one million people living in Northern...

ZILINGO

Sachira De Silva 2019-05-14T05:50:36+00:00

Asia’s fastest growing marketplace Zilingo has raised US$226M in its recent Series D financing, bringing the total funds raised by the...

SILKAIR

Sachira De Silva 2019-05-10T05:55:20+00:00

SilkAir, the regional wing of Singapore Airlines, today launched the first non-stop flights between Singapore and Busan in South Korea...

GALADARI HOTEL

subra 2019-05-09T17:41:52+00:00

21st April 2019 wake of Easter Sunday an unexpected chain of fateful events changed the calm and peace that we gradually accustomed ourselves to enjoy...

SAMSUNG

Sachira De Silva 2019-05-09T05:55:37+00:00

Samsung Sri Lanka recently announced the launch of the Galaxy A70, its sixth smartphone in the popular Galaxy A line. Galaxy A70 is a...

SEYLAN BANK

Sachira De Silva 2019-05-09T05:50:40+00:00

Seylan Bank made a steady start in 2019 by posting a Profit after Tax of Rs. 903 Million in Q1 despite less than ideal market conditions...

MiHCM

Sachira De Silva 2019-05-08T05:50:20+00:00

Digital transformation is estimated to bring the Asia Pacific region US$1 trillion in GDP by 2021, with business benefiting from greater...

NAWALOKA

Sachira De Silva 2019-05-08T05:45:22+00:00

Chairman and Board of Directors of Nawaloka Hospitals hosted cocktails for Nawaloka Hospitals premier corporate clients at its newly...

COMMERCIAL BANK

Sachira De Silva 2019-05-07T05:50:29+00:00

The Commercial Bank of Ceylon has partnered with Brown & Company for a leasing promotion offering more entrepreneurs an opportunity...

PARTNER NEWS

SLT

Sachira De Silva2019-05-17T06:00:44+00:00

Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country initiated and conducted a timely prerequisite of coastal preservation...

SLT

Sachira De Silva 2019-05-17T06:00:40+00:00

Sri Lanka Telecom (SLT), the National Telecommunication Services provider in Sri Lanka is equipped to launch its latest customer-friendly...

SLT

Sachira De Silva 2019-05-15T06:00:28+00:00

Sri Lanka Telecom (SLT) emerged as the champions (Division C) at the Nationalized Elle Championship 2019 held recently at Nawaloka...

MOBITEL

Sachira De Silva 2019-05-14T06:00:28+00:00

Mobitel is proud to unveil its revamped Mobile Data offering which extends greater value addition to pre-paid data customers with...

MOBITEL

Sachira De Silva 2019-05-14T05:55:33+00:00

Back again by popular demand after its roaring success in the past, Mobitel powered up the Google I/O extended Sri Lanka 2019 for...

BOC

Sachira De Silva 2019-05-13T16:33:19+00:00

“BOC”, whilst becoming the first Bank to exceed Rs.50 Billion in Brand value, has retained its position as the No.1 Banking brand in the...

DFCC

Sachira De Silva 2019-05-10T06:00:25+00:00

DFCC Bank is proud to forge a corporate partnership with The Management Club (TMC) as Official Banking Partner for a period of 3 years...

DFCC

Sachira De Silva 2019-05-09T06:00:23+00:00

After two years of demonstrated success, DFCC Bank’s widely lauded CSR programme, Samata English, enters its third year in 2019...

MOBITEL

Sachira De Silva 2019-05-08T06:00:12+00:00

The revolutionary mobile money platform, mCash, has entered into a strategic partnership with Mastercard to further enhance Digital...

NDB

Sachira De Silva 2019-05-08T05:55:16+00:00

Global Banking & Finance Review is a leading Magazine that provides quality and in-depth insight to leading players and key figures...

MOBITEL

Sachira De Silva 2019-05-07T05:55:25+00:00

As the National Mobile Service Provider, Mobitel, extends its deepest, heartfelt condolences to the families of the victims of the Easter...

NATIONAL PEACE COUNCIL

subra 2019-04-30T14:34:11+00:00

We, the undersigned women and men, are members of civil society and are drawn from all religious and ethnic communities. ...

ONLINE EXCLUSIVES

RETAIL SECTOR

subra2019-05-17T16:17:39+00:00

Burberry, the luxury British fashion house, announced Thursday a rise in annual net profit on lower restructuring costs; but its share price frayed on sluggish Asian sales, notably in China....

FOREIGN SUPPORT

Sachira De Silva 2019-05-16T13:14:42+00:00

China has expressed solidarity to assist Sri Lanka in its efforts to eradicate terrorism, to which end the Chinese government has taken...

MARKET UPDATE

Sachira De Silva 2019-05-15T16:35:53+00:00

Markets in Asia were largely down in morning trade on Monday as the lack of a US-China trade deal cast a cloud over the market...

RETAIL SECTOR

Sachira De Silva 2019-05-10T13:43:31+00:00

Asia’s richest man Mukesh Ambani has snapped up the storied British toy store Hamleys from its Chinese owners for US$ 88 million...

COUNTERTERRORISM

subra 2019-05-10T09:21:15+00:00

Sri Lanka will be one of the first confirmed beneficiaries of the UN’s Countering Terrorist Travel Programme, which was launched on 7 May and is largely funded by the Netherlands....

OIL AND GAS INDUSTRY

Sachira De Silva 2019-05-08T14:28:57+00:00

A Sri Lankan ministerial delegation headed by Minister of Development Strategies and International Trade Malik Samarawickrama...

BILATERAL COOPERATION

Sachira De Silva 2019-05-07T12:40:00+00:00

An MOU was recently signed between Sri Lanka’s Minister of Plantation Industries Navin Dissanayake and Deputy Governor of China’s...

REGIONAL MARKETS

Sachira De Silva 2019-05-07T12:36:53+00:00

President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on US$ 200 billion of Chinese goods at...

ONLINE FEATURES

FITCH RATINGS

Sachira De Silva2019-05-14T18:46:12+00:00

Fitch Ratings has affirmed Sri Lanka-based conglomerate Hemas Holdings PLC's (Hemas) National Long-Term Rating at 'AA-(lka)' with a Stable Outlook...

FITCH RATINGS

Sachira De Silva 2019-05-08T12:51:18+00:00

National Ratings by Fitch Ratings (Lanka) Ltd. As at 2 May 2019...

UNICEF

subra 2019-04-24T09:54:10+00:00

45 children among the death-toll so far, scores of children injured, many children orphaned....

IFC

subra 2019-04-18T13:11:20+00:00

Investors’ appetite for impact investing—in which they seek to generate positive impact for society alongside strong financial returns...

FITCH RATINGS

subra 2019-04-05T11:02:55+00:00

Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (CB, AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured ...

SRI LANKAN BANKS MANAGE CAPITAL IMPACT OF SLFRS 9

subra 2019-03-22T18:49:43+00:00

Sri Lankan banks have been able to manage the capital impact of first-time adoption of ...

SRI LANKAN NBFI REPORT CARD 2018

subra 2019-03-19T12:47:29+00:00

Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality...

FITCH ASSIGNS SRI LANKA’S USD BONDS FINAL ‘B’ RATING

subra 2019-03-15T10:55:34+00:00

Fitch Ratings-Hong Kong-13 March 2019: Fitch Ratings has assigned a final rating of 'B' ...

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