Daily FT - May 01, 2025

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In this issue

May 01, 2025

Fuel prices cut across the board

LAUGFS Gas says no price revisions this month

1 min

Four-day winning streak ends at Colombo stock market

THE Colombo stock market yesterday ended its four-day winning streak as indices dipped amidst healthy turnover.

1 min

Govt. clarifies electricity pricing amid IMF reforms

Reaffirms commitment to cost-reflective electricity tariffs, aligning with key IMF structural benchmark

4 mins

SL adopts measured stance in trade talks with US

Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma says SL adopts strategic, non-committal stance avoiding fixed tariff proposals

4 mins

NCE emphasises critical importance of GSP+ to export sector

Calls for national commitment to sustain facility amid economic recovery

3 mins

EU tells President AKD positively considering GSP+ review

EU European External Action Service Head of South Asia Division Charles Whiteley has stated that the EU has a favourable perspective on the current Generalised System of Preferences Plus (GSP+) review process.

1 min

EU GSP+ Monitoring Mission calls on Foreign Minister

A Generalised Scheme of Preferences Plus (GSP+) Monitoring Mission from the EU called on Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath yesterday at the Foreign Ministry.

1 min

State Vesak Festival 2025 in Nuwara Eliya

THE State Vesak Festival for Buddhist Era 2569 (2025) will be celebrated at the International Buddhist Centre Temple in Nuwara Eliya, following guidance from the Most Venerable Mahanayaka Thero and the All Island Shasanarakshaka Mandalaya.

1 min

Conch Group partners China Building Materials Federation and Huawei

Initiative to launch innovative AI model for cement industry

1 min

SLT-Mobitel rewards loyal roaming customers with exclusive overseas tour

SLT-MOBITEL recently rewarded the lucky customer of its special 'Roam and Win' campaign with an all-inclusive tour package to Thailand, as part of its special roaming promotional campaign.

1 min

Sri Lanka's food and beverage promoted at Singapore's FHA Exhibition

CEYLON tea, coconut products and drinking water were promoted in the Food and Hotel Asia (FHA) food and beverage exhibition, at Expo Singapore from 8 to 11 April.

1 min

John Keells Foundation celebrates 20 years of empowering nation for tomorrow

JOHN Keells Foundation (JKF), the Corporate Social Responsibility (CSR) entity of the John Keells Group, marked its 20th anniversary with a special event on 25 April for its key stakeholders representing the Government, non-Government, private and academia sectors, UN and INGO/NGO agencies and community-based organisations.

4 mins

Lions Clubs International Foundation, World Food Program help strengthen school meals in SL

LIONS Clubs International Foundation (LCIF) in partnership with World Food Program USA is helping to bolster Sri Lanka’s national school meal program through a contribution of $1 million.

1 min

BIDTI Sri Lanka and FSI Philippines ink MoU on bilateral cooperation

ON Tuesday, 22 April, a MoU on Cooperation between Bandaranaike International Diplomatic Training Institute (BIDTI) of Sri Lanka and Foreign Service Institute (FSI) of the Philippines, the premier diplomatic training institutes in the two countries, was signed at the Department of Foreign Affairs (DFA) of the Philippines in Manila, Philippines.

1 min

China-Sri Lanka seminar on experience exchange in economic development and poverty alleviation

ON 25 April, the Embassy hosted a reception at Colombo Port City for participants of the China-Sri Lanka Seminar on Experience Exchange in the Field of Economic Development and Poverty Alleviation.

4 mins

Underrated power of Local Government elections

IN the fast-evolving political landscape of Sri Lanka, much is often made of presidential and parliamentary elections. But beneath the surface lies a quieter, yet arguably more consequential process that often gets overlooked: Local Government (LG) elections. These elections, representing 4,919 wards across 340 local government bodies with a total of 5,092 seats, are the bedrock of any functioning political ecosystem. They are not just atest of popularity—they are the foundation of a political party's grassroots strength, public outreach, and future electoral success.

3 mins

Newtonian physics, traditional biology, and Sri Lankan politics – Part 2

FULLY aware that Sri Lanka’s political landscape is often clouded by rhetoric and reduced to party lines, perhaps it is time we look elsewhere for insight: toward a language not rooted in ideology, but in nature and science.

7 mins

Remembering President Premadasa's contribution to economic development on 32nd death anniversary

ON the 32nd death anniversary of President Premadasa we should recognise the major contribution made to the economic development with his foresight to set up the 200 garment factories program using the USA garment quota as the major export-oriented industrial development project spread throughout the country creating employment and exports bringing in valuable foreign exchange to the country.

10+ mins

Govt. on right path to restructuring SOEs

THE Government is pushing ahead with its decision to restructure Government-owned enterprises with Cabinet approval to appoint a four-member ministerial committee to review the 'State Commercial Enterprises Management Draft Bill' which will enable the liquidation of some of the loss-making bodies and restructuring of others.

2 mins

Trump makes us slump

\"THEY come to America\" exulted Neil Diamond in song, \"travelling far, on the boats, on the planes, they come to America, to a new and shiny place, freedom's light burning warm, never looking back again\".

4 mins

India-Pakistan-Anura, Easter massacre plots, economic earthquake, and Vietnam's victory recalled

THE attack which killed 27 civilians in Pahalgam, Kashmir, was an act of unbridled terrorism.

8 mins

Hiruka and Vidara claim Summer Season Open Badminton 2025 titles

HIRUKA Sahanmith and Vidara Vidanage clinched the Men's and Women's Open titles at the Summer Season All-Island Open Championships 2025, which concluded at the Municipal Council Indoor Stadium in Nuwara Eliya, held from 21 to 27 April.

3 mins

Isitha puts Sri Lanka ‘A’ on path to victory

Scythes through Afghan batting with 6/35

1 min

Defending League champions St. Peter's College Rugby unveils 2025 sponsorships

IN a grand celebration of tradition St. Peter’s College officially launched its 2025 First XV Rugby campaign yesterday at the Rev. Fr. Nicholas Perera Memorial Hall.

1 min

Galle retain title as rain has final say

GALLE captained by National Test Cricketer Ramesh Mendis retained the National Super League 4-day title for another year when they won the 4-day final against Dambulla on the first innings at the SSC grounds yesterday.