LMD | Sri Lanka Business Magazine

COVER STORY

STATE OF PLAY

HAVE YOUR SAY

BUDGET 2019

BUSINESS SENTIMENT

INDEX TAKES A POST CRISIS U-TURN

YOUTH FORUM

Calling on all schools to nominate high performing students to be featured in LMD – Sri Lanka’s pioneering business magazine – and voice their opinion on the burning issues of today.

INVESTMENT PROSPECTS

IN THE SPOTLIGHT INVESTMENT PROSPECTS Ashani Jayasinghe-Dabare in the hot seat BIZ CONFIDENCE Index Moves Up Sharang Pant THE ECONOMY Sri Lanka’s Macro Outlook Shiran Fernando

EDITORIALS

STATE OF THE NATION

Sachira De SilvaNo Comment2019-02-04T06:00:06+00:00

All revolutions only serve to undermine the movements that generated them, and often only undergird...

UNITED GOVERNANCE

Sachira De Silva No Comment2019-02-04T05:55:37+00:00

Prime Minister Ranil Wickremesinghe skilfully handled the political crisis that erupted on 26 October 2018...

CLIMATE CHANGE

Sachira De Silva 2019-02-04T05:50:40+00:00

In late December, the Northern Province was hit by flooding and adverse weather conditions, while the annual southwest monsoon...

ONLINE DATING

Sachira De Silva 2019-02-04T05:45:43+00:00

Fewer marriages, higher divorce rates and more people searching for love… a logical mismatch but startling reality. Gone are the days...

CURRENT AFFAIRS

PEOPLE POWER

Sachira De Silva3 Comments2019-02-04T06:00:37+00:00

The end of 2018 certainly wasn’t the best of times for French President Emmanuel Macron. It was more like the worst of times...

3 Comments

SOCIAL MEDIA ORBIT

Sachira De Silva 2019-02-04T05:55:40+00:00

There was a time not so long ago when dissent in Sri Lanka was mostly secretive… sometimes with deadly consequences. Now it’s open...

THE COST OF CORRUPTION

Sachira De Silva 2 Comments2019-02-04T05:50:42+00:00

In a world increasingly facing economic hardship and declining standards of living, the spotlight is falling...

2 Comments

FOOD SECURITY

Sachira De Silva 2019-02-04T05:45:44+00:00

Global undernourishment has been on the rise since 2014, reaching an estimated 821 million in 2017. It’s clearly a long road ahead to...

BUSINESS FORUM

BANKING SECTOR

Sachira De Silva2019-02-04T06:00:57+00:00

Year 2018 was one of transition for the banking sector. Sri Lanka fully adopted the new reporting standard IFRS 9 on 1 January 2018...

TOURISM INDUSTRY

Sachira De Silva No Comment2019-02-04T05:55:00+00:00

The overall health of the country’s economy and infrastructure has heavily influenced tourism. Moreover...

BANKING SECTOR

Sachira De Silva No Comment2019-02-04T05:50:03+00:00

The lack of effective technology driven customer solutions, absence of a supportive regulatory framework and low margins....

RETAIL SECTOR

Sachira De Silva 2019-02-04T05:45:05+00:00

Retail is one sector that has displayed immense growth potential especially in the last couple of years with mega mall projects, new supermarket...

BUSINESS AFFAIRS

MACROECONOMIC OUTLOOK

Sachira De Silva2019-02-04T06:00:57+00:00

Looking back at some of the key data points to come out of 2018 produces quite a mixed bag as this...

AI IN THE WORKFORCE

Sachira De Silva 2019-02-04T05:55:02+00:00

The very mention of AI conjures up dystopian imagery of robots taking over the workplace, ‘mind reading’...

REGIONAL GEOPOLITICS

Sachira De Silva 1 Comment2019-02-04T05:50:06+00:00

China’s Belt and Road Initiative (BRI) – also called the Silk Road Economic Belt and the 21st Century...

1 Comment

SUSTAINABLE CITIES

Sachira De Silva 2 Comments2019-02-04T05:45:09+00:00

City living is becoming an increasing reality for most people especially in Asia. Growing cities must evolve...

2 Comments

MANAGEMENT PLUS

ARTIFICIAL INTELLIGENCE

Sachira De Silva13 Comments2019-02-04T06:00:54+00:00

AI is transforming every facet of human life and we really don’t know how far it will go despite sci-fi authors trying to frighten us...

13 Comments

MIND POWER

Sachira De Silva 4 Comments2019-02-04T05:55:04+00:00

Aren’t there moments when we feel truly inspired and uplifted because we’ve made some progress in climbing to get a better world...

4 Comments

HALLMARKS OF SUCCESS

Sachira De Silva 2019-02-04T05:50:10+00:00

Brand IKEA comprises a combination of the first letters of its founder’s name Ingvar Kamprad; Elmtaryd, the farm on which he...

EDUCATING SRI LANKA

Sachira De Silva 2019-02-04T05:45:16+00:00

Ever since Maria Montessori launched her theories on a responsive world, teaching youngsters has started very early in their lives. In...

TOP SHELF

YOUTH FORUM

subra2 Comments2019-02-04T07:00:07+00:00

With Sri Lanka’s diversity comes its own set of challenges and obstacles – including racism, violence and fundamentalism...

2 Comments

BOOKRACK

subra 2019-02-04T05:50:41+00:00

No governmental challenge has gripped Sri Lanka more than the events between 26 October and 13 December, and the instrumentality...

THE ROVING DIPLOMAT

subra 2019-02-04T05:33:59+00:00

A South Asian event that attracted global attention was the reelection of Sonia Gandhi as the President of the Congress Party in India...

DIPLOMATIC MISSION

subra 2019-02-04T04:55:07+00:00

Sri Lanka wasn’t new to Bryce Hutchesson when he took up his posting as High Commissioner for Australia in February 2016...

MEDIA RELEASES

UBER EATS

subra2019-02-22T18:28:12+00:00

Uber Eats, announced a comprehensive insurance programme for delivery partners in Sri Lanka. Launched in partnership with Allianz Insurance Lanka Ltd...

LANKA PROPERTY WEB

subra 2019-02-22T18:06:46+00:00

Sri Lanka’s flagship real estate event of the year, the Lanka Property Show 2019 was concluded successfully, drawing praise from both exhibitors and visitors...

HIGH COMMISSION OF INDIA

subra 2019-02-22T12:43:30+00:00

India and Sri Lanka today (21st February, 2019) signed a Memorandum of Understanding (MoU) to establish a Business Centre for ICT incubators...

SRI LANKA PORTS AUTHORITY

Sachira De Silva 2019-02-22T11:47:07+00:00

Sri Lanka Ports Authority (SLPA) won the Ports Authority of the Year 2019 Award by the Global Ports Forum (GPF) for the second consecutive...

NATIONAL PEACE COUNCIL

subra 2019-02-21T12:18:43+00:00

President Maithripala Sirisena and senior members of the opposition including former President Mahinda Rajapaksa have harshly...

EMBARK

subra 2019-02-21T10:21:09+00:00

Embark - Sri Lanka’s fashion brand and community animal welfare program, concluded another busy year in 2018, having provided medical care for over 10,000 dogs...

HIGH COMMISSION OF INDIA

subra 2019-02-20T17:39:18+00:00

The prestigious Mahatma Gandhi Scholarships for 2017-18 were awarded to 150 Advanced Level school students from all 25...

DSI

subra 2019-02-20T11:00:14+00:00

On the 12th of February 2019 DSI announced the launch of the 19th DSI Supersport Schools Volleyball Championship at a press conference held at the Olympic House...

LAUGFS

Sachira De Silva 2019-02-20T10:57:24+00:00

Recognising his exemplary contribution to the country, LAUGFS Holdings Chairman, Mr. W.K.H. Wegapitiya, was awarded the prestigious...

WORLD BANK

Sachira De Silva 2019-02-20T10:46:41+00:00

The World Bank Vice President for South Asia Region, Hartwig Schafer concluded his three-day visit to Sri Lanka on Friday with a commitment...

CSE

subra 2019-02-20T10:00:38+00:00

The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dimuthu Sanjaya Abeyesekera and Mr. Murtaza Jafferjee as Directors ...

VIETNAMESE INSPIRED ANAVILA AT RITHIHI

subra 2019-02-18T17:18:16+00:00

Inspired by the rich culture and diversity of the Sa Pa tribes in Vietnam, Rithihi presents the Anavila Spring Summer Collection...

PARTNER NEWS

SLT

subra2019-02-22T10:00:24+00:00

Sri Lanka Telecom, the national telecommunication service provider recently launched its mobile Selfcare App with an array of benefits to SLT broadband customers...

MOBITEL

subra 2019-02-21T10:00:53+00:00

Mobitel Business Solutions (MBS) has strengthened its portfolio of business solutions portfolio for corporates that precisely address all their technology needs. ...

MOBITEL

subra 2019-02-20T10:00:16+00:00

Mobitel held its latest ‘Mobitel Cash Bonanza Carnival’ at the Agrabodhi Vidyaleeya Grounds in Kantale, on 26th January 2019...

BOC

subra 2019-02-18T17:50:35+00:00

The Bank of Ceylon’s Paranthan and Waddukodai Branches in the Northern Province shift to new Locations offering the Digital Banking Experiences....

SLT

Sachira De Silva 2019-02-15T06:00:45+00:00

Sri Lanka Telecom (SLT), the organizers of the most popular cross country cycle race- “SLT Speed Up Sawariya”, recently organized the...

NTB

Sachira De Silva 2019-02-14T06:00:49+00:00

Few natural phenomena are as captivating as the Northern Lights; a naturally occurring display of colourful dancing lights in the night...

MOBITEL

Sachira De Silva 2019-02-13T06:00:43+00:00

In an effort to drive digital and financial inclusivity, Mobitel recently launched mCashQR, as an additional component to its mCash mobile...

MOBITEL

Sachira De Silva 2019-02-12T06:00:15+00:00

Further strengthening engagement with the nation’s youth, Mobitel, Sri Lanka’s national mobile service provider, has stepped forward...

DFCC

Sachira De Silva 2019-02-11T06:00:29+00:00

DFCC Bank in partnership with Visa recently hosted its corporate clientele at the launch of its DFCC Visa corporate credit card on 23rd...

SERENDIB FLOUR MILLS

Sachira De Silva 2019-02-08T06:00:46+00:00

Serendib Flour Mills celebrated the triumphs of high achievers in its dynamic sales force at its fifth Annual Sales Conference, which was...

BOC

Sachira De Silva 2019-02-06T06:00:33+00:00

Bank of Ceylon’s Mobile Banking Services are further expanded by adding four “branches on wheels” recently. These mobile branches...

ALTAIR

Sachira De Silva 2019-02-05T16:32:06+00:00

Moshe Safdie, the architect of Sri Lanka’s paradigmatic high rise edifice Altair, has been named the Laureate in Architecture by the jury...

OPINION POLLS

BUSINESS SENTIMENT

subra2019-02-04T07:35:48+00:00

INDEX TAKES A POST CRISIS U-TURN...

BURNING ISSUES

subra 2019-02-04T06:00:42+00:00

The government has announced several fiscal amendments including revised taxes in the lead up to the Budget 2019 presentation in March...

CONSUMER CONFIDENCE

subra 2019-02-04T06:00:36+00:00

...

THE ECONOMY

subra 2019-02-04T04:56:57+00:00

ECONOMIC SENTIMENT RECOVERS...

ONLINE EXCLUSIVES

NATIONAL OUTPUT

subra2019-02-21T19:59:32+00:00

Sri Lanka is expected to record an economic growth rate of 4.2 percent this year while this figure is expected to increase to 4.5 percent by 2020...

REGIONAL FORUM

subra 2019-02-20T14:30:14+00:00

Sri Lanka’s Regional Sanitation Centre (RSC) is organising the South Asian Conference on Sanitation (SACOSAN) to be held from 21 to 23 February....

MARKET UPDATE

subra 2019-02-15T11:28:21+00:00

Asian stocks retreated Friday as concern grew over reports of an impasse in China-US trade talks in Beijing and Wall Street was hit by weak US retail sales....

SPORTS TOURISM

Sachira De Silva 2019-02-14T17:16:35+00:00

Sri Lanka Tourism Promotion Bureau (SLTPB) is venturing into the sports tourism arena by hosting the Adventure Racing (AR) World...

BILATERAL RELATIONS

Sachira De Silva 2019-02-13T12:16:24+00:00

High Commissioner of India to Sri Lanka Taranjit Singh Sandhu – the guest of honour at recent celebrations for Sri Lanka’s 71st Independence...

BILATERAL DEAL

Sachira De Silva 2019-02-11T12:04:33+00:00

US negotiators were in Beijing on Monday for another round of talks on a trade deal with the clock ticking towards a 1 March deadline...

REGIONAL MARKETS

Sachira De Silva 2019-02-08T16:11:27+00:00

Asian stocks fell Friday following losses on Wall Street as fresh doubts emerged over the prospects for US-China trade talks and the...

CYBER-SAFETY

Sachira De Silva 2019-02-07T12:53:47+00:00

Marking ‘Safer Internet Day’ on 5 February, UNICEF commended Sri Lanka for prioritising the online safety of children while calling for...

ONLINE FEATURES

WORLD BANK

subra2019-02-22T12:39:05+00:00

Sri Lanka must reduce its fiscal deficits to create the space for critical investments in health, education and social protection...

FITCH RATINGS

Sachira De Silva 2019-02-20T11:03:06+00:00

Fitch Ratings has revised the National Long-Term Rating of National Savings Bank (NSB) to 'AA+(lka)' from 'AAA(lka)'. The Outlook is Stable...

FITCH RATINGS

Sachira De Silva 2019-02-20T10:44:06+00:00

Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its Sri Lankan National Rating scale to reflect...

FITCH RATINGS

subra 2019-02-15T11:24:54+00:00

Fitch Ratings has affirmed Sri Lankabased People's Insurance PLC's (People's Insurance) National Insurer Financial Strength (IFS) Rating...

FITCH RATINGS

Sachira De Silva 2019-02-13T12:24:59+00:00

Fitch Ratings has revised the Outlook on National Development Bank PLC's (NDB) National Long-Term Rating to Negative from Stable...

FITCH RATINGS

Sachira De Silva 2019-02-08T12:34:14+00:00

Fitch Ratings has assigned Sampath Bank PLC's (A+(lka)/Stable) proposed Basel III-compliant subordinated debentures a National Long-Term...

FITCH RATINGS

subra 2019-01-30T17:43:44+00:00

Fitch Ratings has affirmed Sri Lanka Telecom PLC's (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B'...

FITCH RATINGS

webadmin-lmd 2019-01-25T16:54:56+00:00

Fitch Ratings has downgraded the National Long-Term Rating and senior unsecured debentures of Housing Development Finance Corporation Bank of Sri Lanka...

February 2019
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