Daily FT - April 25, 2025
Daily FT - April 25, 2025
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In this issue
April 25, 2025
National Trust SL announces 2025 awards for publications on intangible heritage
THE National Trust Sri Lanka has opened submissions for its 2025 awards program, inviting Sri Lankan authors to submit books published in 2024 that explore the island's intangible heritage.
1 min
First quarter tea export dollar earnings hit 11-year high
SRI Lanka in the first quarter has increased tea export dollar earnings by 5% year-on-year (YoY) to $ 370.9 million, which is a 11-year high, Asia Siyaka Commodities PLC said.
1 min
First-ever Media Festival kicks off today in Colombo with top Indian experts
SRI Lanka's first-ever Media Festival will kick off today and continue tomorrow in Colombo, with a good blend of top Indian and local experts providing key insights.
2 mins
FitsAir enhances service offering with launch of Business Class
FITSAIR, Sri Lanka's first privately owned international airline and a leading low-cost carrier, has announced the launch of Business Class across its regional network.
1 min
Seylan Bank posts Rs. 2.7 b net profit in 1Q
SEYLAN Bank announced yesterday a Profit Before Tax (PBT) of Rs. 4,199 million in Q1 2025, against Rs. 3,704 million in Q1 2024, demonstrating a growth of 13.36%.
3 mins
BOC exceeds Rs. 666 b in Avurudu transactions
THE Bank of Ceylon (BOC) has reaffirmed its leadership in banking services by facilitating over Rs. 666 billion in customer transactions during the Avurudu season 2025.
1 min
Overseas Realty posts Rs. 1 b pre-tax profit in 1Q
OVERSEAS Realty (Ceylon) PLC announced yesterday it has recorded a Group revenue of Rs. 2,438 million and a Group Profit Before Tax (PBT) of Rs. 1,060 million for the first quarter ended 31 March 2025.
1 min
Port City Colombo wooed to be South Asia's leading fintech hub
PORT City Colombo is being encouraged to become a vibrant regional hub for fintech innovation and investment in South Asia.
2 mins
Hayleys Solar powers up Sri Lanka with BYD's advanced battery and inverter solutions
HAYLEYS Solar has partnered with global renewable energy leader BYD to introduce state-of-the-art energy storage and inverter solutions to the Sri Lankan market, marking a significant step forward in the nation’s energy security and independence.
2 mins
IDB partners CIPM Sri Lanka to strengthen HR systems at IDB
THE Industry Development Board (IDB) has officially partnered with the Chartered Institute of Personnel Management (CIPM) Sri Lanka to enhance its human resource framework, with a focus on developing job descriptions and establishing Key Performance Indicators (KPIs) for nearly 600 employees.
1 min
TSHDA with Solidaridad drives Sri Lanka's leadership in low-carbon, regenerative tea value chains
Regenagri, Control Union and TRI lead capacity building to advance smallholder sustainability in tea sector
2 mins
President pays tribute to late Pope Francis at Vatican Embassy
PRESIDENT Anura Kumara Disanayake yesterday paid a visit to the Vatican Embassy to extend his condolences on the passing of His Holiness Pope Francis.
1 min
School Nutrition Program to continue uninterrupted: Presidential Secretary
SECRETARY to the President, Dr. Nandika Sanath Kumanayake on Wednesday announced that the Government has made a firm policy commitment to continue the \"School Nutrition Program\" without interruption.
1 min
Leading UNESCO with inclusiveness, innovation and impact: Gabriela Ramos
UNESCO Social and Human Sciences Assistant Director- General Gabriela Ramos contests for UNESCO Director-General position Offers vision rooted in practicality and wealth of experience via groundbreaking achievements such as global standard on ethics of AI Cites focus on gender imbalances and underutilisation of heritage sites as her goals
4 mins
HNB hosts “Luxury Living 2025’ to connect homebuyers with Sri Lanka’s premier property developers
Hatton National Bank PLC (HNB), through its Personal Financial Services (PFS) Division, successfully hosted ‘HNB Luxury Living 2025’, an exclusive event curated to connect high-net-worth individuals and aspiring homeowners with Sri Lanka’s leading property developers and real estate experts.
1 min
Hero MotoCorp bolsters presence in Sri Lanka
DEMONSTRATING its commitment to providing world-class mobility solutions and deepening its presence in key global markets, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, announced the launch of four new products - HF Deluxe, Xtreme 125R, and Hunk 160R 4V motorcycles and Xoom 110 scooter in partnership with its long-standing distributor, Abans Auto in Sri Lanka.
1 min
Senok and Changan launch premium electric vehicle 'Deepal' in Sri Lanka
CHANGAN Automobile, a globally recognised leader in automotive innovation with over 160 years of experience, enters the Sri Lankan market through an exclusive partnership with Senok. As China’s largest electric vehicle (EV) manufacturer and a pioneer in intelligent mobility, Changan brings its extensive R&D capabilities and future-facing engineering to local roads.
2 mins
Brandix Corporate Campus to offer global degree pathway with RMIT, Australia
BRANDIX Corporate Campus (BCC), Sri Lanka’s premier institution for apparel and textile education, has formalised a strategic partnership with RMIT University, Australia, to offer students a seamless pathway to advanced global education.
2 mins
Colombo stock market rebounds
THE Colombo stock market yesterday bounced back led by the capital goods sector, following the recent bear run.
2 mins
Secondary Bond market yields decline
THE Secondary Bond market yesterday saw yields decline on the back of continued buying interest.
1 min
FinTech World Cup regional competition held at Port City Colombo
THE Fintech Association of Sri Lanka (FASL), in strategic partnership with Port City Colombo, recently hosted the Regional Competition of the FinTech World Cup (FWC) at Port City Colombo.
1 min
CSE launches XBRL system to enhance financial reporting for listed companies
THE Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), has embarked on a significant initiative to introduce the extensible Business Reporting Language (XBRL) for listed entities in Sri Lanka.
2 mins
Businesspersons: Better leaders of internal audit than professional accountants
THE transformation of internal audit from a ‘policeman’ to a value-adding business partner has not been as rapid as that demonstrated by the finance and accounting function in the past three decades.
10 mins
Bogus honesty of new Government
THE corona pandemic reached Sri Lanka in 2020 and over 650,000 cases were reported and 16,814 patients had passed away, showing the seriousness of the disease.
9 mins
The People's Pope: Legacy of humility and reform
POPE Francis, widely regarded as a transformative moral leader, reshaped the papacy by centring it on humility, compassion, and inclusion. His approach to leadership offers vital lessons across politics, business, and civil society on how conviction, simplicity, and courage can restore trust and moral clarity in uncertain times.
2 mins
Connecting with India by land: Political dilemma for Colombo
THE recent official visit of Indian Prime Minister Narendra Modi represented a momentous turning point in the diplomatic relations of the two South Asian neighbouring states. Modi is the first foreign head of government to be hosted by President Anura Kumara Disanayake since he took over presidency last September. The visit was characterised by noteworthy developments in terms of enriching the cooperation between the two countries in many spheres.
2 mins
Enhancing Sri Lanka's proposal for differently-abled children through inclusive education
THE Sri Lankan Government recently announced an initiative to establish day centres for differently abled children, providing a supportive environment where they can spend the day and return home in the afternoon. These centres aim to ease the burden on parents, enabling them to focus on their daily responsibilities while ensuring their children are cared for and engaged. While this proposal is a commendable step forward, it presents an opportunity for further expansion through the introduction of inclusive education, inspired by the successful Inclusion Support Assistant (ISA) program implemented in Australia's Northern Territory.
3 mins
Easter bombings conspiracy theories and importance of Azad Maulana's testimony
THE coordinated suicide bomber attacks by a group of misguided Muslim zealots against three churches and four luxury hotels in Colombo, Negombo and Batticaloa on Easter Sunday (21 April) in 2019 brought in its wake several conspiracy theories. Chief among these was the one which suspected that an official or officials of Sri Lanka's intelligence services had manipulated the Muslim youths into launching the attacks with the objective of facilitating the return to power of former defence secretary Gotabaya Rajapaksa as President. 269 persons including 45 foreigners were killed and over 500 injured in the attack.
10+ mins
HelpAge Sri Lanka presents 'Symphony of Hope' charity concert to restore sight
HELPAGE Sri Lanka, a beacon of light in the lives of disadvantaged elderly individuals, on 23 May will host 'Symphony of Hope'— a special charity concert dedicated to raising funds for the HelpAge Sri Lanka Charity Eye Hospital.
3 mins
Hope Out Loud 2025: A benefit concert
GOOD Loud Media, a US-based non-profit record label, partners with Indira Cancer Trust (ICT) for Hope Out Loud 2025, to stage a benefit concert on Saturday 31 May at the Women’s International Club, No. 26 Guildford Crescent, Colombo 07 from 5 p.m. onwards.
1 min
HelpAge Sri Lanka presents ‘Symphony of Hope’ charity concert to restore sight
HELPAGE SriLanka, a beacon of light inthelive of disadvantaged elderly individuals, on 23 May wll host ‘Symphony of Hope’ —aspecial charity concert dedicated torasing funds forthe HelpAge SriLanka Charity Eye Hospital
3 mins
Walk to Equality: Runway for the marginalised to be seen and celebrated
THE Walk Model Academy, in partnership with the Cinnamon Grand Colombo will blaze a trail in the modelling world as they present a fashion show like no other, one that boldly celebrates diversity, inclusion and beauty in its myriad forms.
2 mins
CINEsync redefines cinema operations with award-winning tech at CinemaCon 2025, Las Vegas
CINEsync, the award-winning provider of cutting-edge cinema management software, wrapped up a successful second consecutive appearance at CinemaCon 2025, held at Caesars Palace, Las Vegas —the premier global event for the motion picture theatre industry.
1 min
Ceylon Masters International Badminton 2025 in June
THE Ceylon Masters International Badminton Championship 2025, a flagship interna tional competition hosted annually by Ceylon Masters Badminton, willbe held at two lead ing venues in Colombo from 6 to 10 une. The five-day international tournament, is expect ed toattract players ofthe age category of 35 and above from many badminton-playing countries to Colombo, Sri Lanka
1 min
Waas wins overall title, as Negombo RC rule Trap Open 2025
NIVANTHA Waas of Negombo Rifle Club (NRC) bagged the overall title while his team mates Rishan Dias and Kaushan Samaranayake out-smarted the rest at the NSSF Trap Open Meet 2025, which concluded at the Clay Target Shooting Club of Colombo Range in Payagala.
2 mins
Story of courage and resilience: Second Sri Lankan to climb Ama Dablam in the Himalayas
“T want to be a special, exceptional and unmatched citizen of this country. That is the purpose of my living. And, I want to give back my share to this country, which is the greatest country in the world,” Dimantha Dilan Thenuwara, who is now in Nepal to climb the Ama Dablam one of the famous peaks in the Himalayan range, said.
7 mins
President's Trophy 2025 Inter-Schools Rugby Showdown kicks off today
THE much-anticipated President's Trophy 2025 Inter-Schools Rugby Championship, conducted by the Sri Lanka Schools Rugby Football Association (SLSRFA), is set to kick off today (April 25).
3 mins
Reshan and Kaya persist with impressive displays at Faldo Series Asia Finals
TOP class junior golfers Reshan Algama and Kaya Daluwatte both showed remarkable performances on Day 2 of the Faldo Series Asia Finals in Vietnam yesterday.
1 min
Second Life Members Cup tees off tomorrow
THE Nuwara Eliya Golf Club will host the Second Life Members Cup Golf which will take place at their Club Course in the cooler hill country on 26 April.
1 min
LOLC Holdings celebrates four MBA 2025 victories
DEMONSTRATING the strength of talent, perseverance, and a thriving sports culture across its diverse subsidiaries, LOLC Holdings delivered an exceptional performance at the 41st Mercantile Badminton Association (MBA) Novices Badminton Championship 2025.
1 min
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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