Author: LMD International

LMDers OVERSEAS Home sweet home LMD’s Sri Lankan writers living overseas have their say Priyan Rajapaksa Auckland I left Sri Lanka for the second time due to a family member’s medical needs. And although I left 20 years ago, my yearning for the country and all things Sri Lankan hasn’t ebbed. What I miss is too numerous to list here but the following come to mind easily: meeting friends and extended family, and Sunday swims at the rustic Surf Club in Dehiwela-Mount Lavinia in the sea that’s warm year-round. This was followed by a cold beer and topped off with…

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LMDers OVERSEAS Home sweet home LMD’s Sri Lankan writers living overseas have their say Dr. Sanjiva Wijesinha Melbourne As a Sri Lankan living overseas who has been writing a regular monthly column for LMD for the past 15 years, I was very pleased to learn that the talented team at Media Services has decided to take an international edition of this popular magazine to a broader global audience. LMD’s high quality of production is complemented by its comprehensive reporting and in-depth analyses – not only about local matters but also of the world view from Sri Lanka – which augurs…

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LMDers OVERSEAS Home sweet home LMD’s Sri Lankan writers living overseas have their say Monita Pesumal Bahrain As an expatriate who’s lived in the Middle East for 15 years, I was asked what I miss most about home. I miss the lush greenery visible from the air as the aircraft begins descending; the immigration officer’s warm smile as he stamps my passport; and the scenic route on the long drive home… It’s been a seven hour flight but I don’t feel tired. Despite the humidity, even the air smells different – if that’s possible. The phrases ‘comfort zone’ and ‘happy…

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May 3, 2023 – Reuters The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other global crises. Banga, 63, was nominated for the post by U.S. President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former U.S. Treasury official who served in the Trump administration. He starts the new job on June 2. The election came after World Bank…

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Condé Nast Traveler: April 27, 2023 InterContinental Khao Yai Resort InterContinental Khao Yai Resort, an IHG Hotel — Thailand Some two hours into the three-hour drive northward from Bangkok, the landscape starts changing. Concrete sprawl morphs into Khao Yai’s undulating hillscape bedecked in thick jungles and fruit orchards, and just off the area’s main road that snakes past pastiche European-looking country clubs and patchworks of farmland, the Intercontinental Khao Yai emerges from behind a hedgerow of towering trees. Dotted around the lush estate, you’ll see railway-themed buildings and train cars—which is the exact theme Bangkok–based hotel designer Bill Bensley was…

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THE SQUEEZE ON INFLATION! There’s now an emerging trend of slightly better news on the inflation front The PepperCube Cost of Living Index (CLI) continues to remain in the ninth percentile – as it has been since March last year – albeit that it is edging towards bottoming out of the highest notch of the CLI. In March, the barometer stood at 91.3, which represents a notable easing from 95.6 in February. In the meantime, the Colombo Consumer Price Index (CCPI) dipped ever so slightly to register 50.3 percent year on year (from 50.6% in the previous month) – note…

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INDEX SPIKES TO A 12 MONTH HIGH Biz confidence shores up in the aftermath of the IMF’s facility being approved The IMF’s US$ 3 billion Extended Fund Facility (EFF), which was approved on 20 March, has surely been instrumental in bolstering business confidence. And efforts to restructure Sri Lanka’s mountain of debt has since taken a positive turn with three key sovereign creditors – India, Japan and the Paris Club of nations – announcing on 13 April that formal talks are underway. So the only spoke in the wheel in the context of the debt restructuring process at the time…

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