ESCHEWING RE-GLOBALISATION Samantha Amerasinghe elucidates how re-globalisation can transform trading Reproduced from the April 2023 edition of LMD. Global trade continues to face multiple challenges as inflation and high interest rates, debt distress and geopolitical frictions weigh on many economies. The negative factors continue to outweigh positive trends. An escalation of Russia’s war in Ukraine, and deepening tensions between the US and China, pose significant downside risks to the world economy and international trade. The warning lights are blinking. Softening trade performances across Asia have already signalled an end to the export boom. With major economies facing recession, re-globalisation may…
Author: LMD International
Having celebrated 50 years of diplomatic relations, Bangladesh and Sri Lanka share friendship, goodwill and neighbourliness, according to Tareq Ariful Islam, the High Commissioner for the People’s Republic of Bangladesh in Sri Lanka
COVID-19 undoubtedly tested the resilience of every profession. Yet, in retrospect, Barry Melancon – CEO of the Association of International Certified Professional Accountants and President & CEO of the American Institute of CPAs
SHIPPING AND LOGISTICS HARBOURING MARITIME AMBITIONS Reproduced from the December 2022 edition of LMD. The son of Indian immigrants who were forced to flee during the India-Pakistan separation, Hanif Yusoof – Executive Director and Chief Executive Officer of Expolanka Holdings – has envisioned and led the transformation of the company he founded from a family run business into a leading listed entity. In fact, Expolanka helms the 2021/22 LMD 100 rankings for the first time, LMD announced recently. Indeed, it is among the leading global logistics companies in Sri Lanka – and Yusoof’s ebullient personality and charisma have undoubtedly contributed…
SRI LANKA MUST BE DISASTER READY Thimal PereraChief Executive Officer DFCC Bank Reproduced from the May 2022 edition of LMD. Following his appointment as DFCC Banks’ Chief Executive Officer on 1 January 2022, Thimal Perera moved into the hot seat of a leading financial services institution at a crucial time. After all, Sri Lanka has been grappling with a severe economic and monetary crisis since early this year. A pillar of the bank’s leadership team since 2017 (he has been its Deputy Chief Executive Officer and a board member since 2019), DFCC Bank is now in Perera’s capable hands. He is…
Be Honest The beauty of a nation lies in the integrity of its people Reproduced from the April 2023 edition of LMD. Deshamanya Dr. Indrajit Coomaraswamy Former GovernorCentral Bank of Sri Lanka When travelling around Sri Lanka, one comes across breathtaking beauty in all parts of the country. The lush vegetation of the Wet Zone, the sparse beauty of the Dry Zone, the daunting splendour of the hill country and the golden beaches along the coast are compellingly beautiful in different ways. Visitors to the island are always charmed by the smiling friendliness of the people. Sri Lankans also rank…
REFLECTIONS Wijith DeChickera points his fingers at the three Fs in LMD’s campaign to ‘Refresh Sri Lanka’ One must realise there are three Fs on Sri Lanka’s governance report card before aspiring or attempting to refresh and regain lost significance, stability and stature – it’s the sensible thing to do: reflect. THE PAST The first F is a failure of forms. From a constitution subject to tinkering by successive political movements, through a social contract susceptible to hijacking by vested interests, to the checks and balances supposedly guaranteed by the separation and division of powers failing because the three arms…
THE WAY FORWARD Ruchi Gunewardene charts a way forward to regain Brand Sri Lanka Brand Finance’s global perception research on Sri Lanka – which took a steep dive from being placed 73rd in 2022 to 115th in the latest Soft Power Index that was presented at a nation branding symposium in Colombo recently – identified the two main indicators that had the most dramatic impact on the country’s ranking. The symposium organised by the Sri Lanka Institute of Marketing (SLIM) identified that ‘Governance’ and ‘Business & Trade’ were the primary indicators that negatively impacted the nation’s standing in relation to…