Daily FT - April 23, 2025
Daily FT - April 23, 2025
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In this issue
April 23, 2025
Cabinet Spokesman urges patience in Easter attacks investigations
CABINET Spokesman and Minister Dr. Nalinda Jayatissa yesterday urged the public and political actors not to undermine the ongoing investigations into the 2019 Easter Sunday terror attacks, insisting that the probe is now moving in the right direction even after five and half years of delays and alleged suppression.
2 mins
Dnata Airport Services gets UL's 3-year Melbourne ground handling deal
DUBAI-BASED Dnata Airport Services Ltd., has won the contract to provide ground handling services (passenger, ground handling and cargo handling) to the national carrier-SriLankan Airlines in Melbourne International Airport, Australia for three years.
1 min
Govt. increases housing grant under 'A house for you-A tomorrow for the country' initiative
THE Government has decided to increase the Government's financial contribution from Rs. 650,000 to Rs. 1,000,000 per beneficiary under the national housing program 'A house for you-A tomorrow for the country'.
1 min
Apparel exports reach new high in March; shipments to US robust
APPAREL exports have reached a new high in March and in the first quarter, an achievement which is likely to be overshadowed by the looming high duty in its biggest market the United States.
1 min
Sri Lanka rolls dice on establishing gambling regulatory authority
IN a bold step toward streamlining gaming and betting laws, the Cabinet of Ministers on Monday approved publishing the draft Bill on Gambling Sports Regularisation Act in the Government gazette and table in Parliament for approval
1 min
UAE to support promotion of energy, tourism, investment and foreign employment sectors
UNITED Arab Emirates (UAE) Deputy Prime Minister and
2 mins
Disclosure of SL-India defence MoU requires Indian consent: Govt.
CABINET Spokesman and Minister Dr. Nalinda Jayatissa yesterday said Sri Lanka cannot unilaterally disclose the full contents of the recent Defence Cooperation Memorandum of Understanding (MoU) signed with India without mutual agreement.
1 min
New push for economic development policy decisions
THE Cabinet of Ministers at their meeting on Monday approved the establishment of a Special Committee on Economic Development to oversee and guide policy decisions in line with national performance objectives and growth targets.
1 min
What did Pope Francis say in his last Easter Sunday Mass?
MARY Magdalene, seeing that the stone of the tomb had been rolled away, ran to tell Peter and John.
3 mins
ROK Navy ship “Kang Gam Chan” Calls at Colombo Port
Korea-Sri Lanka cultural exchange event coincides with visit
1 min
Sri Lanka DGCA assumes Chairmanship of COSCAP – South Asia
THE 32nd Steering Committee Meeting of COSCAP – South Asia (Cooperative Development of Operational Safety and Continuing Airworthiness Program – South Asia), an organisation established to promote safety in civil aviation, commenced yesterday (22 April) in New Delhi, India.
1 min
Hayleys Fentons to deliver cutting-edge manufacturing facility for USA-funded Shield Restraint Systems
HAYLEYS Fentons Ltd., Sri Lanka's premier one-stop provider for complex engineering services is set to embark on a high-profile project for Shield Restraint Systems Ltd., in establishing “Shield” — a new manufacturing facility within the Wathupitiwala Export Processing Zone (EPZ).
1 min
Sri Lankan agricultural products promoted at World Food Poland 2025
AMBASSADOR of Sri Lanka in Poland Priyangika Dharmasena attended the opening ceremony of the 11th edition of the World Food Poland on 8 April held at the Expo XXI in Warsaw and met with Sri Lankan companies, namely “Ceylon Tea Land Pvt Ltd” and “CIC Agri Produce Export” who participated at the fair.
1 min
Ceyline Group and Lion Brewery forge sustainable future with eco-friendly warehousing and distribution
CEYLINE Total Solutions, the end-to-end logistic solutions provider of Sri Lanka’s leading maritime and logistics group Ceyline, has built Lion Brewery’s first sustainability-focused warehousing and distribution centre in just 100 days.
1 min
BOI globally benchmarked for promoting gender equity and women empowerment
THE Board of Investment (BOI) Sri Lanka has been rated well for promoting gender equity and women empowerment among global investment promotion agencies by the leading FDI Strategist, the FDI Centre's report \"Advancing Gender Equality in Investment Promotion: A Practical Guide for IPAs.\"
2 mins
Leema Creations embraces solar energy
LEEMA Creations, Sri Lanka's premier interior solutions provider, has taken a significant step towards sustainability by installing and commissioning a 500kWp / 400kW Solar PV System at its state-of-the-art manufacturing facility in Dompe.
2 mins
McLarens Group leads initiative to elevate occupational health and safety
MCLARENS Group recently hosted the 3M-McLarens Occupational Health and Safety Symposium 2025, marking a historic milestone in Sri Lanka's commitment to workplace safety.
1 min
CSE remains bearish amidst low investor activity
THE Colombo stock market remained bearish amidst low investor activity for want of sentiment boosting developments.
1 min
ComBank adjudged 'Best Bank in Sri Lanka' by Global Finance for 23rd year
THE Commercial Bank of Ceylon has once again been recognised as the 'Best Bank in Sri Lanka' by the US-based Global Finance magazine, conferring this coveted accolade on the bank for an unprecedented 23rd year.
2 mins
Secondary bond market activity picks up ahead of weekly T-bill auction
Rupee continues to depreciate
2 mins
Browns wins Sri Lanka Technology Excellence Award for latest loT ideation
A pioneer in nation-wide industry mechanisation, Brown & Company was recently awarded the Sri Lanka Technology Excellence Award for IoT — Energy for iGen G500, an applied IoT-based generator monitoring device and solution, in recognition for its latest innovation in digitalisation at the Asian Technology Excellence Awards 2024.
2 mins
Let's rebrand 2025
REBRANDING is a strategic marketing initiative in which a business changes its visual components, such as logos and colour schemes, to project a better or new image in the eyes of customers.
1 min
SLIM SME Development Awards 2024 – judging phase begins
THE SLIM SME Development Awards (SMEDA) 2024, organised by the Sri Lanka Institute of Marketing (SLIM) in collaboration with the Asia Small Business Federation (ASBF) Sri Lanka Chapter, has officially entered its judging phase. This prestigious initiative celebrates the achievements of Small and Medium Enterprises (SMEs) while reinforcing SLIM's mission of positioning marketing as a key driver of national economic development. SMEDA aims to recognise SMEs that excel in marketing, branding, and sales, helping them transition into sustainable, competitive enterprises.
1 min
Daraz triumphs at SLIM People's Choice Awards 2025
DARAZ Sri Lanka has strengthened its position as the country's most trusted online shopping destination by securing two major accolades at the SLIM People's Choice Awards 2025: 'Service Brand of the Year' and 'Youth Choice Service Brand of the Year.'
1 min
Fudge marks five years as Sri Lanka's only behavioural science communications agency
FUDGE celebrates five years as Sri Lanka's first, and currently only, behavioural science communications agency, known for turning creativity into hard numbers both at home and overseas.
1 min
Mark and Comm and PRCA APAC to hold 'PR in the Age of Disruption' webinar on 28 April
MARK and Comm Ltd, a leading reputation and communications agency based in Sri Lanka, in collaboration with the Public Relations and Communications Association Asia Pacific (PRCA APAC), will host a regional webinar titled «PR in the Age of Disruption» on 28 April 2025, from 3:00 p.m. to 4:30 p.m. IST via Zoom.
2 mins
Chandu Rajapreyar creates history as first Lankan to be Cannes Lions juror
CHANDU Rajapreyar has made history as the first Sri Lankan to be nominated to the Cannes Lions Global Advertising Jury, marking a significant milestone for the creative advertising industry in Sri Lanka.
1 min
Avurudu awakening for all
AVURUDU is within us. Having been battered by a planetary pandemic and post-pandemic crises, at least a ray of hope of prosperity with cautious optimism.
6 mins
Taxing digital giants
AS the digital economy expands, governments across the globe are striving to ensure tax fairness and protect domestic revenues. A key component of this effort is the imposition of Value Added Tax (VAT) on digital services provided by foreign suppliers such as Facebook, Google, Amazon, and Netflix. Platforms that generate substantial income from local markets without a physical presence.
3 mins
Alternatives to Booking.com: Understanding platform economics
THE Minister in charge of the subject of tourism has said that an alternative to Booking.com is being developed by a Sri Lankan expatriate with the Government's support to break the platform's monopoly and thereby bring down the commissions paid by owners of tourist accommodation and generate taxes for the Government.
5 mins
Postal Department should exist for benefit of masses
LAST week, Postal Trade Unions Front Co-convener Chinthaka Bandara had remarked that the introduction of the GovPay online system which enables digital payment of traffic fines - had caused a significant loss of income to the Postal Department.
2 mins
From catwalk to crossroads: Apparel industry's new challenge
THE recent tariff revisions under the Trump administration have overshadowed Sri Lanka's well-established apparel sector, a key pillar of the country's export economy. As a recognised exporter of high-end, ethically produced garments, Sri Lanka has built a reputation in the US niche market for quality and reliability. However, the new tariff bands threaten to undermine this progress, risking foreign earnings and thousands of direct and indirect job opportunities.
2 mins
Building a China-Sri Lanka community with a shared future
RECENTLY, the US Government, disregarding unanimous opposition from the international community, announced its decision to impose so-called “reciprocal tariffs” on all trading partners including China and Sri Lanka. This move was followed by repeated policy reversals, creating significant chaos and uncertainty on a global scale. Moreover, this uncertainty continues to accumulate, potentially causing broader turmoil and even triggering a global economic recession.
4 mins
Parate execution: Expiry of suspension and the way forward
THE Government previously announced the suspension of “parate action” which was in existence will not be extended beyond 31 March 2025. This has now been confirmed by the press release issued by the Ministry of Finance wherein certain financial accommodations have been revealed towards assisting the affected SME sector. Accordingly, the “parate execution” is now effective.
9 mins
Aitken Spence Hotels' Heritance Rise trainees sweep top honours at SLITHM Graduation
AITKEN Spence Hotels recently marked a defining moment in its commitment to shaping the future of hospitality leadership, as trainees from its flagship Heritance Rise Management Trainee Program emerged as some of the most decorated graduates at the Sri Lanka Institute of Tourism and Hotel Management (SLITHM) Graduation Ceremony 2024/25.
2 mins
Etihad grows footprint in Africa as flights to Nairobi double
ETIHAD Airways, the national airline of the UAE, is expanding its African network with new destinations and increased frequencies.
1 min
ITC Ratnadipa completes one successful year in Sri Lanka
ITC Ratnadipa marks its first anniversary in Sri Lanka on 25 April, following its debut in Colombo last year. To celebrate this milestone, the hotel will offer discerning guests curated offers and personalised services until 30 April.
1 min
HotelsHippo.com promises to counter unjustified commission charges by online booking platforms
HOTELSHIPPO.COM has been launched as a solution to counter the unjustified commission charges by various foreign online platforms, ranging from 15 to 23%.
4 mins
'Brave' Rune stuns Alcaraz to win Barcelona Open
HOLGER Rune produced a sensational performance to stun home hero Carlos Alcaraz and claim the Barcelona Open title.
1 min
SLC unveils state-of-the-art swimming pool facility at NHPC
SRI Lanka Cricket President Shammi Silva in conversation with Minister of Sports and Youth Affairs Sunil Kumara Gamage and Deputy Minister of Sports Sugath Thilakaratne during the opening Sri Lanka Cricket (SLC) yesterday unveiled a state-of-the-art eight-lane swimming pool at the National High Performance Centre (NHPC), located at the R. Premadasa International Cricket Stadium (RPICS), Colombo.
1 min
Ostapenko stuns Sabalenka to win Stuttgart Open
JELENA Ostapenko beat world number one Aryna Sabalenka to win the Stuttgart Open in stunning fashion.
1 min
The need for Sri Lanka Rugby to stand firm against external interference
AS the 14 June deadline imposed by World Rugby (WR) looms, Sri Lanka Rugby (SLR) finds itself at a defining crossroads. What is being framed as a constitutional dispute is, in fact, a larger issue of autonomy, transparency, and double standards within global and regional rugby governance.
3 mins
Daily FT Newspaper Description:
Publisher: Wijeya Newspapers Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Daily FT:National English Daily:authoritative market and financial news for business www.ft.lk
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