Daily FT - May 14, 2025
Daily FT - May 14, 2025
Go Unlimited with Magzter GOLD
Read Daily FT along with 9,500+ other magazines & newspapers with just one subscription View catalog
1 Month $14.99
1 Year$149.99 $74.99
$6/month
Subscribe only to Daily FT
1 Year$356.40 $12.99
Buy this issue $0.99
In this issue
May 14, 2025
Trump secures $ 600 b in investments from Saudi Arabia
PRESIDENT Donald Trump has secured $ 600 billion in investment commitments during a summit in Saudi Arabia, according to the White House.
1 min
Trump says US-China relations 'reset' as markets surge on tariff pause
US President Donald Trump says the US has achieved a \"total reset\"in relations with China after both countries agreed to reduce tariffs on each other's goods for 90 days.
1 min
AKD welcomes Indo-Pak truce
PRESIDENT Anura Kumara Disanayake has welcomed the truce between India and Pakistan.
1 min
Salt shortage sparks price surge amid import delays
THE Salt Producers’ Association yesterday warned that a delay in the arrival of imported stocks has led to a shortage in the market, triggering a sharp increase in retail prices and mounting consumer frustration.
1 min
HNB Group demonstrates resilience and growth momentum
Sets strong foundation for robust growth | Maintains strong capital buffers of over 800 bps against regulatory requirement | Asset quality continues to improve further with net stage 3 ratio at 1.82%
3 mins
SLT-Mobitel surges ahead with robust Q1 2025 profit growth
THE SLT Group has reported a Profit After Tax (PAT) of Rs. 2,001 million for the first quarter ended 31 March, a surge from Rs. 156 million in Q1 2024, reflecting effective financial management and improved operational efficiency.
2 mins
Workers' remittances record highest-ever April inflow
April inflow up 19% YoY to $ 646.1 m | First four months' remittances up 18.3% to over $ 2.46 b
1 min
Tourism earnings gain, but momentum slips without marketing pull
April tourism earnings hit $ 256.7 m, up 13.8% YoY-but lowest monthly inflow in 2025 | First four months income up 10.2% YoY to $ 1.37 b | Industry warns seasonal slowdown worsened by delay in global marketing campaign
1 min
Technical specialist committee to study establishment of independent Public Prosecutor's Office
THE Cabinet of Ministers last week approved appointing a technical specialist committee to study the introduction of an independent Public Prosecutor's Office in Sri Lanka. The committee will be chaired by Supreme Court Judge and President’s Advocate Yasantha Kodagoda.
1 min
Y. G. Gnanathilake appointed as Surveyor General
THE Cabinet of Ministers at their meeting last week approved the appointment of Y. G. Gnanathilake as the new Surveyor General of Sri Lanka.
1 min
Police Committee to probe bus accident in Gerandi Ella; death toll rises to 23
THE death toll from the tragic bus accident at Gerandi Ella in Kotmale has risen to 23, while 53 others were injured in the incident.
1 min
Indian High Commission organises 'Dhamma Rupa' special exhibition on Buddhist sculptural heritage
HIGH Commission of India, Colombo in collaboration with Swami Vivekananda Cultural Centre, Colombo and Bihar Museum, Patna, India organised a special exhibition titled 'Dhamma Rupa' at Seemamalakaya, Gangaramaya Temple, as part of the Buddha Rashmi National Vesak Festival in Colombo.
1 min
DIMO wins at Mercedes-Benz Service Excellence Regional Award Ceremony
SOLIDIFYING its leadership in automotive excellence in aftersales solutions, DIMO, the exclusive authorised General Distributor for Mercedes-Benz in Sri Lanka, won the prestigious “General Distributor Award” at the Mercedes-Benz Service Excellence – Regional Award Ceremony, surpassing the peers in the Southeast Asia region.
2 mins
Regen Renewables marks 12 years of innovation, impact, and over 80MW of solar power across Sri Lanka
Regen Renewables team headline
2 mins
AmCham Bootcamp 2025 kicks off in cooperation with US Embassy
THE American Chamber of Commerce in Sri Lanka (AmCham SL), in collabora tion with the US Embassy, has launched the second edition of the AmCham Bootcamp 2025.
2 mins
SLID launches enhanced IT Governance Masterclass to empower Board Directors in digital era
THE Sri Lanka Institute of Directors (SLID) has unveiled its newly enhanced IT Governance Masterclass for Board Directors, a timely and critical initiative designed to equip today’s corporate leadership with the strategic insight needed to oversee technology in a rapidly evolving digital world.
2 mins
DFCC Bank honoured with VISA Commercial Solutions Excellence Award at VISA Leadership Conclave 2025
AT the esteemed VISA Leadership Conclave 2025, held on 27 March at the Hilton Colombo, DFCC Bank was recognised with the VISA Commercial Solutions Excellence Award 2025 for achieving the highest quarter-on-quarter issuance growth on Corporate Cards.
1 min
Mercantile Investments opens 74th and 75th branches in Kilinochchi and Puthukkudiyirippu
IN its continuous efforts to expand its reach and advocate financial inclusivity across Sri Lanka, Mercantile Investments recently opened two new branches in the Northern Province.
1 min
Secondary bond market yields see-saw; close down
T-bill auction rates record mixed results; undersubscribed T-bond auction records bullish outcome; fully subscribed Liquidity increases Foreign holdings in rupee treasuries decline Rupee appreciates
3 mins
Fitch assigns Merchant Bank of Sri Lanka's subordinated debt final 'BBB+'
FITCH Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC's (MBSL, A(lka)/Stable) proposed subordinated debentures of up to Rs. 1 billion a final National Long-Term Rating of 'BBB+(lka).
1 min
CBSL Governor delivers keynote address at special People's Bank staff gathering
CENTRAL Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe delivered the keynote speech under the theme \"Bankers' Responsibilities in Alignment with the Policy Agenda of the Central Bank of Sri Lanka for 2025 and Beyond\" at a special staff gathering session held at the People's Bank Staff Training College Auditorium in Colombo 5.
1 min
Emirates' A350 marking new era
LAST week the media was provided with an exclusive static tour of the Emirates' new A350 flight to Bandaranaike International Airport (BIA).
1 min
THAI reports continued strong operational performance in 1Q
IN the first quarter of 2025, Thai Airways International Public Company Ltd., (THAI) and its subsidiaries reported the total revenue (exclude one-time items) at 51,625 million baht, 12.3% higher than the same period last year which was 45,955 million baht.
3 mins
SriLankan Cargo secures South Asia's first IATA Lithium Battery Certification
SRILANKAN Cargo, the air freight arm of SriLankan Airlines, has become South Asia's first airline cargo division to secure the prestigious CEIV Lithium Batteries Certification (Centre of Excellence for Independent Validators-Lithium Batteries) from the International Air Transport Association (IATA), joining an elite group of global carriers and service providers to hold this coveted distinction.
2 mins
John Keells Group Transportation Sector and University of Moratuwa mark 19 years of collaboration
THE John Keells Group Transportation Sector proudly marks 19 years of impactful collaboration with the Department of Transport Management & Logistics Engineering (TM&LE) at the University of Moratuwa, reinforcing its long-standing commitment to human capital development in Sri Lanka's transportation and logistics industries.
3 mins
US, SL mark 20 years of port security cooperation with Colombo radiation detection upgrade
US Ambassador to Sri Lanka Julie Chung recently commissioned new radiation detection equipment at Port of Colombo, provided by the US Department of Energy/National Nuclear Security Administration (DOE/NNSA)’s Office of Nuclear Smuggling Detection and Deterrence (NSDD) through its Megaports Initiative.
1 min
Government's arrogance comes under scrutiny
THE recently concluded Local Government (LG) election produced a surprising verdict with the ruling NPP alliance suffering an unexpected dip in its popularity.
2 mins
Missing the wood for the trees; Local Government elections are about the trees and not the wood
The trees
5 mins
University ragging: Sub-cultural practice that should not be there
In a previous article in this series, I have touched upon the issue of ragging in Sri Lankan universities. The analysis in that article said that ragging at universities destroyed the creativity of a generation and is still valid.
6 mins
Living in 2035: Seven paradoxes Arthur C. Clarke hasn't envisioned
Conversely, this analysis focuses on seven trends that even Arthur C. Clarke did not anticipate, not due to a deficiency in his imaginative capacity, but rather because the technological landscape of his time had not yet evolved to its present state. So let's begin.
10+ mins
Local Government election outcome a call for inclusive governance
THE peaceful and orderly conduct of the recently concluded Local Government elections which were held without the large-scale abuses of State power or otherwise that marred previous electoral cycles has marked a refreshing change from the past. It demonstrates a commendable commitment by the present Government to uphold electoral integrity and democratic norms.
2 mins
Paying the price for sins of others
ALLEGATIONS have recently surfaced on social media regarding the abuse of a 14-year-old rugby player by several senior members of a leading Colombo school's rugby team during a coaching camp held in Madu, Mannar district.
2 mins
Combating child abuse and ragging in Lankan educational institutions: Collective responsibility
RECENT incidents in Sri Lanka have brought to light the pervasive issues of child abuse and ragging within educational institutions. These events underscore systemic failures and highlight the urgent need for coordinated action among parents, educators, authorities, and society at large.
3 mins
Why victim advocacy and multidisciplinary teams are not optional – they are life-saving
FOR over a decade, I have stood beside child victims of abuse some as young as three through their most vulnerable moments.
2 mins
Aslam Mohideen secures MBMT 2025
THE 2025 edition of the prestigious Mark Bostock Memorial Trophy (MBMT) was a celebration of skill that saw Mohideen Aslam clinch the title of Overall Nett Winner with an outstanding score of 39, narrowly edging out Janusha, Yogaraja, who scored 38 and was named Runner-up.
1 min
Wesley felicitates 2025 rugby sponsors
WESLEY College Colombo, celebrating their 151st year this year, launched their 69th rugby season with an official press conference and sponsors' felicitation at their historic pavilion at Campbell Park on Thursday (8 May).
2 mins
Elephant House teams up with Sri Lanka Cricket as Official Carbonated Beverage Partner
An iconic brand joins hands with nation's favourite sport
2 mins
Nations Trust Bank Golf Championship 2025 to tee off at Royal Colombo Golf Club
NATIONS Trust Bank is pleased to announce the return of the Nations Trust Bank Golf Championship, which will take place on 24 May at the Royal Colombo Golf Club (RCGC).
1 min
Athapaththu fined for breaching ICC Code of Conduct
SRI Lanka Captain Chamari Athapaththu has been fined 10% of her match fee for breaching Level 1 of the ICC Code of Conduct during the Women's Tri-series match against South Africa at the R. Premadasa International Cricket Stadium on Friday.
1 min
Isipathana knocks out Royal to reach final
DEFENDING knock out champions, Isipathana College prevailed in a tensed semi-final encounter beating Royal College 24/17 at the Sugathadasa Stadium last weekend.
1 min
Barcelona roars back to beat Real Madrid 4-3
AFTER a heart-breaking defeat by Inter Milan in the Champions League semi-finals, there was a very real possibility of Barcelona's season falling apart.
1 min
NZ Under-85 kg clinch Sir Graham Henry Trophy
IN a landmark fixture that celebrated the return of New Zealand rugby to Sri Lankan soil after a staggering 70 years, New Zealand Under-85kg rugby team proved too strong for their hosts, defeating a spirited Sri Lankan outfit 32/6 in front of a sell-out crowd at the Race Course Ground in Colombo last weekend.
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
Cancel Anytime [ No Commitments ]
Digital Only
