Daily FT - May 20, 2025
Daily FT - May 20, 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 20, 2025
AG to file indictments after 17 years in journalist Keith Noyahr case
THE Attorney General (AG) is scheduled to file indictments against 12 former armed forces officers in the Colombo High Court next week on charges of abducting and torturing journalist Keith Noyahr.
1 min
Hayleys delivers 40% growth in PBT to Rs. 35 b in FY25
THE Hayleys Group said yesterday it delivered a year of exceptional growth and profitability, recording a 40% year-on-year (YoY) increase in Profit Before Tax (PBT) to Rs. 35.37 billion during the financial year ending 31 March 2025.
3 mins
Deflation temporary, growth momentum continues into 2025: CBSL officials
CBSL Assistant Governor Dr. C. Amarasekara says brief phase of deflation is not alarming | CBSL Economic Research Department Director Dr. S. Jegajeevan disqualifies current environment being classified as 'stagflation'| Points to robust credit growth as evidence of rising demand; Q1 credit expands to Rs. 274.6 b
1 min
President calls for unity, peace and reconciliation at 16th War Heroes' Commemoration
PRESIDENT Anura Kumara Disanayake yesterday made a powerful call for national unity, justice, and lasting peace during the 16th War Heroes' Commemoration Ceremony held at the War Heroes' Memorial in Battaramulla.
5 mins
BASL expresses concern over online and social media posts targeting judicial officers
THE Bar Association of Sri Lanka (BASL) in a statement yesterday expressed its deep concern about several online media, including social media posts, targeting judicial officers.
1 min
President inquires into well-being of war veterans
PRESIDENT Anura Kumara Disanayake yesterday visited the 'Mihindu Seth Medura' convalescent home in Attidiya, where he inquired into the health and well-being of the resident war heroes currently receiving long-term care at the facility.
5 mins
SJB and UNP reach common consensus to establish power in local councils
THE main Opposition, Samagi Jana Balawegaya (SJB), and the United National Party (UNP) yesterday issued a joint statement, noting that the two parties have reached a common consensus to establish power in local councils with the support of other Opposition political parties.
1 min
Ambassadors-designate engage with private sector at Ceylon Chamber networking session
THE Ceylon Chamber of Commerce recently hosted an engaging interactive session with Sri Lanka's newly appointed Heads of Mission to key global destinations, offering the local business community a valuable opportunity to connect directly with the country's outgoing ambassadors and high commissioners.
1 min
Bridging tradition and innovation: Sri Lanka at HKTDC Hong Kong Gifts and Premium Fair 2025
SRI Lankan giftware and lifestyle sector blends traditional craftsmanship with modern techniques, producing unique items such as batiks, hand-loom textiles, wooden products, and ceramic products, bamboo and rattan products with annual export revenue over $ 60 million.
2 mins
President directs Ministry officials to accelerate implementation of digital economic solutions
PRESIDENT Anura Kumara Disanayake last week held a meeting with officials of the Digital Economy Ministry and heads of relevant institutions to discuss the progress of digital economic initiatives.
1 min
Victims of Sri Lanka's civil war seek justice
Opportunity for new Govt. to commit to accountability
2 mins
Colombo stock market sustains optimism into new week
THE Colombo stock market yesterday began a fresh and fully fledged week on a positive note with investors sustaining the new-found optimism from last week.
1 min
Secondary Bond market yields increase
Rupee depreciates
1 min
Kavinda de Zoysa appointed Chairman of Bank of Ceylon (UK)
THE Bank of Ceylon (UK) Ltd., has announced the appointment of Kavinda de Zoysa as its new Chairman, following the necessary approvals from the relevant financial regulatory authorities in the United Kingdom.
2 mins
Fortude partners Ettos to enhance sustainability across fashion supply chains
FORTUDE has announced a strategic partnership with Ettos, a leading supply chain traceability platform aimed at enabling fashion businesses to maintain more transparent processes and allowing customers to understand how their products are made.
1 min
Hameedia launches Sri Lanka's first-ever online tailoring platform
HAMEEDIA, Sri Lanka’s leading menswear brand, recently launched ‘We Create’, the country’s first-ever digital tailoring platform, via www.envoylondontailorstore.com.
2 mins
Sri Lanka Agripreneurs' Forum meets Maldivian Agriculture Minister
Discussions explore cross-border investment opportunities
1 min
'Ripe for Innovation' symposium explores future of Sri Lanka's TomEJC mango sector
AUSTRALIA'S Market Development Facility (MDF), in collaboration with the Lanka Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA), the Australian Centre for International Agricultural Research (ACIAR), and the Consultative Group on International Agricultural Research's (CGIAR) Fruit and Vegetables for Sustainable Healthy Diets (FRESH) project, hosted the 'Ripe for Innovation' symposium on Sri Lanka's TomEJC mango sector on 8 May.
2 mins
Addressing ragging
ANOTHER young life has been extinguished. Another family shattered. Once again, the silent menace that has haunted local universities for decades—ragging—has claimed a victim. It is a cruel irony that institutions meant to cultivate knowledge, opportunity, and progress have become breeding grounds for violence, humiliation, and psychological trauma.
2 mins
AKD; promise and performance
JOHN Maynard Keynes once described the ideal economist as someone who was a “mathematician, historian, statesman and philosopher” in equal measure.
5 mins
Equitisation of government business enterprises – SL SoEs
THE Sri Lankan Government is planning to begin the equitisation process of SoEs, a form of quasi privatisation. The term Equitisation originated in Vietnam at the time of embarking restructure of their SoEs.
8 mins
Media's Al use needs strong ethical framework and reality checks
ARTIFICIAL Intelligence (AI) is the latest buzzword. Every industry and profession seems to be concerned about how AI is impacting their work. Discussions are unfolding not only about integrating AI tools to enhance efficiency, but also whether some advanced AI systems could replace certain human held jobs.
10 mins
Happy Birthday: Remembering 'The Boss'
19 May 2025 marks the 82nd birth anniversary of who I fondly refer to as 'the last of Sri Lanka's Big Men'.
2 mins
"People's Festival”: Celebrating Sri Lanka's vibrant diversity
Some ideas to be considered
7 mins
MBA All-Island Open Badminton Championships begin
THE Mercantile Badminton Association (MBA) All-Island Open Badminton Championships 2025 began in Colombo yesterday with over 1200 shuttlers vying for honours.
1 min
IAME series ignites Sri Lanka together with SpeedBay Bandaragama
THE internationally recognised IAME karting series is underway at the SpeedBay Circuit, Bandaragama, with the inaugural round of the Sri Lankan Championship kicking things off.
2 mins
Shenal felicitated by Havies
SHENAL Deelaka was felicitated by Havelock Sports Club after completing over 100 games for the Park Club since leaving school in 2014.
1 min
Cinnamon Grand Monthly Medal May 2025 at RCGC
Darshan accounts for Division A nett win
2 mins
Die Hard the Green Panther
THE Green section of the Sky Pavilion was almost at full capacity at 3 p.m., and was completely overwhelmed by 3:15.
3 mins
ADVERTISING CLINCHES TITLE; DAILY MIRROR FINISH RUNNERS-UP
Thilina named Man of the Series; Darshana, Sanjitha excel in bowling and batting
1 min
Adverse weather conditions force SLC to postpone tournaments
5 matches abandoned without a ball bowled in SLC Major T20
1 min
Sri Lanka welcomes 80th CISM General Assembly to Colombo
80th General Assembly and Congress of the International Military Sports Council (CISM) officially commenced in Colombo yesterday Scheduled to span from 19 to 24 May in Colombo, cementing nation's role as growing hub for military sport as well as diplomacy and international cooperation
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
Cancel Anytime [ No Commitments ]
Digital Only
