Daily FT - May 15, 2025
Daily FT - May 15, 2025
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In this issue
May 15, 2025
BOC's Rs. 15 b debenture issue up for grabs
THE Bank of Ceylon's (BOC) Rs. 15 billion debenture issue is up for grabs now.
1 min
Enhanced sanitation facilities at fuel stations under 'Clean Sri Lanka'
Presidential Task Force on 'Clean Sri Lanka', Energy Ministry and four major fuel providers, CPC, LIOC, Sinopec and RM Parks, to set up 540 modern public sanitation facilities at selected fuel stations countrywide in three years
1 min
ComBank ends 1Q as first private sector banking group on cusp of Rs. 3 t assets milestone
Loan book grows by Rs. 116.75 b in three months to Rs. 1.642 t Net interest income up 23.53% to Rs. 34.21 b Improves provision cover and interest margin alongside balance sheet growth Reports three-month PBT of Rs. 22.56 b and PAT of Rs. 14.97 b, with taxes amounting to Rs. 11.61 b
4 mins
NDB pre-tax profits surge 118% to Rs. 4 b; marks strong start for 2025
Post-tax profitability up 168% to Rs. 1.9 b
4 mins
China's Commerce Minister to visit SL in big boost to ties
Will lead 115-member business delegation to Sri Lanka and participate in top-level trade and investment forum on 30 May | Representatives from 77 Chinese companies to engage with potential Sri Lankan business and investment partners
3 mins
Life Insurance Corp. (Lanka) gets Rs. 2 b capital infusion
LIFE Insurance Corp. (Lanka) Ltd. (LICL), has announced that it has secured Rs. 2,000 million in capital infusion from its parent company Life Insurance Corporation (LIC) of India.
1 min
Agalawatte Plantations appoints industry veteran Manoj Udugampola to Board of Directors
AGALAWATTE Plantations PLC has announced the appointment of Manoj Udugampola to its Board of Directors, effective from 8 May 2025.
1 min
AHK Sri Lanka facilitates business delegation to Intersolar Europe 2025
THE Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) successfully organised a visitor delegation to Intersolar Europe 2025, held from 7-9 May in Munich, Germany.
2 mins
Presidential Secretariat’s luxury vehicles to be auctioned today
AS part of the second phase of the luxury vehicle auction conducted by the Presidential Secretariat, 26 vehicles including luxury and decommissioned models are scheduled to be auctioned today (15 May).
1 min
SL rejects unfounded genocide allegations by Canada; opposes construction of misleading monument
Foreign Minister Vijitha Herath meets with Canadian High Commissioner to personally convey Sri Lanka's concerns
1 min
Ceylinco Life hosts nearly 1,000 'Family Savari' winners to a day at Pearl Bay
NEARLY 1,000 adults and children converged recently on Pearl Bay — one of Sri Lanka’s most popular theme parks - for a day-long celebration of family fun courtesy of the country’s life insurance market leader Ceylinco Life.
1 min
Amana Bank strengthens presence in Akurana with upgraded branch
AMANA Bank recently relocated its Akurana branch to 352/7 Matale Road, offering customers a larger and more convenient space to experience improved banking services, further reaffirming the bank’s commitment to enhancing customer service and convenience.
1 min
Rs. 173 b T-Bill auction fully subscribed; rates unchanged
Secondary Bond market starts off positive
1 min
Nations Trust Bank records strong 1Q performance
■Profit After Tax up by 8% to Rs. 4 b ■Net Stage 3 Ratio at 1.4% ■Total Capital Adequacy Ratio at 20.56% ■ Return on Equity at 20.45%
1 min
We are actuaries – General Insurance
WHO is an actuary? What do they do? The Institute and Faculty of Actuaries explains who an actuary is in the following manner:
3 mins
Sri Lanka’s journey from cash to cashless
SRI Lanka's fintech landscape is rapidly shifting from a heavily cash-reliant economy to a digital future. This shift is driven by factors such as the rise of mobile technology, evolving consumer behaviour, and a growing emphasis on financial inclusion.
2 mins
Presenting movable assets as collateral for credit
CRIB, CBSL and Finance Ministry joint initiative to usher new era with revolutionary amendments to financial legislature
4 mins
Prime Group appoints international music icon Umaria Sinhawansa as Global Brand Ambassador
PRIME Group has appointed renowned Sri Lankan music icon, recording artist, and singer Umaria Sinhawansa whose career has bridged Sri Lankan artistry with global audiences as its Global Brand Ambassador.
1 min
NDB Bank partners John Keells Properties
Initiative to offer exclusive 100% financing for VIMAN Ja-Ela
1 min
Sri Lanka energy crisis: The future
The relevant energy technology mix for Sri Lanka at present are indigenous large hydro and mini-hydro systems, biomass, solar farms and solar PV on roof tops, wind and imported fossil fuels.
10+ mins
National disgrace that demands immediate action
A Vesak Day contradiction
2 mins
Resilience and revival amidst revered rituals: Post-Vesak pondering
WE are witnessing a meaningful and colourful Vesak amid showers. In recovering from economic woes with optimism, enthusiastic devotees resorted to various rituals with reverence. Sri Lankans have begun to show their serenity, synergy, and solidarity, in steadily moving through a turbulence. Today’s column reflects our resilience and revival, with inherited prospects and pitfalls
6 mins
Those in Government need to be more proactive
THE Late Queen Elizabeth famously said, “I have to be seen to be believed.” This is not only true of members of the British royal family but all public figures including elected representatives. After people vote their representatives into office, they expect to see and hear from them and not have them hide away only to surface again when another election is around the corner.
2 mins
The end of the beginning of AKD-JVP-NPP rule
WE South Asians need to thank Great Power rivals USA and China. The USA has stopped the dangerously escalating Indo-Pak war. China manufactured the weapons that helped Pakistan create the stalemate that gave time and space for the American initiative.
8 mins
New Zealand Under-85kg team triumphs in Sri Lanka tour
THE New Zealand Under-85kg team completed their maiden international tour with a convincing 32-6 victory over Sri Lanka in the second test at Colombo's Racecourse Ground.
1 min
Ronaldo "proud" of son after Portugal Under-15s debut
CRISTIANO Ronaldo said he was \"very proud\" of his eldest son after he made his debut for Portugal Under-15s.
1 min
Pakistan appoint seasoned leader Mike Hesson as white-ball Head Coach
MIKE Hesson has been announced as the white-ball head coach of the men’s team, the Pakistan Cricket Board (PCB) confirmed on Tuesday.
1 min
South Africa, Australia name squads for ICC World Test Championship Final
SOUTH Africa and Australia put forward their 15-player squads for World Test Championship Final beginning on 11 June at Lord’s.
2 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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