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Daily FT

Rejection of SLR AGM nominations exposes governance crisis

THE nomination process for the Sri Lanka Rugby (SLR) Annual General Meeting, held on 19 August has collapsed in total rejection — a direct result of proceeding under an illegally amended constitution.

2 min  |

August 22, 2025
Daily FT

Daily FT

PM chairs discussion to promote school sports

OFFICIALS of the Ministry of Education and the Ministry of Sports and Youth Affairs yesterday held a discussion with Education, Higher Education, and Vocational Education Minister and Prime Minister Dr. Harini Amarasuriya at the Parliamentary Complex regarding the ways to promote school sports and resolving existing issues in the respective sector.

1 min  |

August 22, 2025

Daily FT

AIA Insurance Ampara Area Development Office No.3 moves to new location

AIA Insurance Lanka Ltd. has relocated its Ampara Area Development Office (ADO) No. 3 to a new premises located at No. 66, D.S. Senanayake Street, Ampara.

1 min  |

August 22, 2025
Daily FT

Daily FT

SamsonLines appoints Director Rushdi Zackariya to drive expansion

SAMSON Logistics Ltd. (SamsonLines), a subsidiary of DSI Samson Group, yesterday said it has appointed Rushdi Zackariya to its Board of Directors to spearhead expansion and efforts to become a fully integrated third-party logistics (3PL) provider.

1 min  |

August 22, 2025

Daily FT

CIPM adds ISO 21001:2018 to growing list of global accreditations

CIPM Sri Lanka, the nation's leader in Human Resource Management, has achieved a landmark accomplishment by earning the ISO 21001:2018 Educational Organisation Management System (EOMS) certification from the Sri Lanka Standards Institution (SLSI) – an honour that cements its position at the forefront of educational excellence.

1 min  |

August 22, 2025

Daily FT

"Flavours of Vietnam" from 21-30 August at Graze Kitchen of Hilton Colombo

A journey of spice, soul and signature flavours from Vietnam to Colombo

2 min  |

August 22, 2025
Daily FT

Daily FT

Ex-IGP Deshabandu remanded till 27 August

FORMER Inspector General of Police (IGP) Deshabandu Thennakoon was remanded till 27 August after being produced before the Colombo Fort Magistrate’s Court yesterday over his alleged role in the violent crackdown on peaceful protesters at Galle Face on 9 May 2022.

1 min  |

August 22, 2025

Daily FT

Sampath Bank rolls out API Banking with CDB as first corporate onboarding

SAMPATH Bank said it has onboarded Citizens Development Business Finance PLC (CDB) as the first corporate client to integrate with its API Banking platform, enabling seamless and secure payments processing directly from CDB's ERP system.

1 min  |

August 22, 2025

Daily FT

RCGC Club Championship progresses with thrilling quarter-final line-up

THE 104th Royal Colombo Golf Club (RCGC), Club Championship entered its quarterfinal stage yesterday, producing some fine golf and setting the stage for a superb 4 clashes ahead today.

1 min  |

August 22, 2025
Daily FT

Daily FT

Long-awaited Ceylon Flea Market returns this Saturday

AFTER a refreshing pause during the monsoon season, one of Colombo's most anticipated community events is back.

1 min  |

August 22, 2025

Daily FT

Brain drain: Draining Sri Lanka’s economic and social progress

THE findings of a recent study undertaken by two academics attached to Peradeniya University — Prof. Wasantha Athukorala and Lakshman Kumara — analysing the migration patterns of Sri Lankan state university graduates with a focus on science and related disciplines is an eye opener to the gravity of the exodus of top-quality human talent from the country. The research had found that over 50% of graduates from government campuses — including many from science, engineering, and agriculture faculties — leave for greener pastures forever.

2 min  |

August 22, 2025

Daily FT

Global drive for Al influencers spurs new opportunities for Sri Lankan MarTech companies like Enfection

THE influencer marketing industry continues its rapid evolution, with Al-powered influencers emerging as a game-changing force.

2 min  |

August 22, 2025

Daily FT

Cabinet clears construction of new Wattuwakal bridge on A035 highway

THE Cabinet of Ministers on Monday approved awarding the construction contract for the new Wattuwakal Bridge (Bridge No. 50/1) on the Paranthan—Karatchi-Mullaitivu (A035) highway to M/s RR Construction Ltd., the lowest substantially responsive bidder.

1 min  |

August 22, 2025
Daily FT

Daily FT

Thai Seafood Lunch at The Kingsbury’s Ocean

THE Kingsbury, Colombo, invites guests to embark on a culinary journey to Thailand with its exclusive Thai Seafood Lunch at Ocean Seafood Restaurant, one of Colombo's premier seafood destinations.

1 min  |

August 22, 2025
Daily FT

Daily FT

Huawei receives “Outstanding Gold Award" at Hong Kong Privacy-Friendly Awards 2025

HUAWEI Services (Hong Kong) Co., Ltd. earned an “Outstanding Gold Award” at the “Privacy-Friendly Awards 2025” Presentation Ceremony organised by the Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD).

2 min  |

August 22, 2025

Daily FT

Expolanka Holdings beat DFCC Bank in MCA Premier League 50 Over

UNBEATEN, Expolanka Holdings qualified for the final, in the first Link Natural Products/ Musclegard sponsored, MCA Premier League 50 Over/ Whiteball Tournament 2025, which continued with the playoffs on Wednesday.

1 min  |

August 22, 2025
Daily FT

Daily FT

Embassy in Sri Lanka marks 80th anniversary of Viet Nam’s Independence Day and 55 years of Viet Nam-Sri Lanka diplomatic relations

THE Embassy of Viet Nam in Sri Lanka held a distinguished commemorative event on Tuesday, at the Hilton Hotel, Colombo to celebrate two significant milestones: the 80th anniversary of Viet Nam’s Independence Day and the 55th anniversary of diplomatic relations between Viet Nam and Sri Lanka.

2 min  |

August 22, 2025
Daily FT

Daily FT

Harsha’s strategy for financing long-term credit for SMEs: Is it viable?

AT a recent SME forum, Dr. Harsha de Silva proposed an approach to support Sri Lanka’s small and medium enterprises (SMEs) by creating a dedicated long-term credit facility by tapping into domestic provident funds. He underscored a critical challenge facing Sri Lanka’s financial sector: the collapse of the traditional development banking model following the country’s transition to middle-income status.

3 min  |

August 22, 2025

Daily FT

Sampath Bank partners ADB to strengthen trade finance access

SAMPATH Bank PLC yesterday said that it has joined the Asian Development Bank's (ADB) Trade and Supply Chain Finance Program (TSCFP), a partnership aimed at widening access to trade finance across Sri Lanka.

1 min  |

August 22, 2025

Daily FT

Lanka Salt Company reduces prices

LANKA Salt Ltd. Chairman Nandana Thilaka on Wednesday announced a reduction in the prices of its iodised salt products.

1 min  |

August 22, 2025

Daily FT

Island Market on 27 Sept. at Town Hall outdoor car park

THE Island Market continues to support numerous small home-based business ventures adversely affected by the pandemic and economic crisis.

2 min  |

August 22, 2025

Daily FT

Secondary Bond market yields pick up

■NCPI inflation recorded at + 0.70% in July

1 min  |

August 22, 2025

Daily FT

SDB bank delivers Rs. 156 m PAT in 1H

SDB bank said yesterday that it reported a Profit After Tax (PAT) of Rs. 156 million for the first half of 2025. It recorded a 32% year-on-year increase in net fee income, while its Net Interest Margin rose to 5.64% in June 2025, supported by proactive yield and funding cost management.

1 min  |

August 22, 2025

Daily FT

CBA celebrates 55 years with eye on global expansion

CEYLON Business Appliances (CBA) is celebrating 55 years in operation, marking its journey from a modest startup to becoming a formidable player in Sri Lanka's technology sector with plans to drive Al-led innovations and global expansion.

2 min  |

August 22, 2025
Daily FT

Daily FT

Jaco to referee for 79th Bradby Shield Encounter

FORMER South African referee who was attached to Lions in South Africa, David Jacobus Brouwer will officiate at the 79th Bradby Shield encounter between Trinity College and Royal College on 23 August in Pallekele and the second leg at the Royal Sports Complex on 6 September.

1 min  |

August 21, 2025

Daily FT

Ceylon Chamber welcomes UK's enhanced trade scheme

Says expanded tariff-free access to UK timely boost for SL apparel exports Urges exporters to familiarise themselves with new trade arrangement

1 min  |

August 21, 2025

Daily FT

Film industry pushes for end to outdated import quotas amid resurgence in cinema attendance

Current NFC rules cap imports at 65 English, 25 Hindi, 70 Tamil and 25 other-language films, leaving cinemas short of content while streaming platforms surge Industry leaders highlight 2025's record box office revenue reaching Rs. 1.5 b in 1H, with multiple Sinhala films crossing Rs. 200 m, proving local cinema is thriving without protectionist quotas Stakeholders warn Rs. 10 b invested in IMAX, 4K multiplexes and new theatres over seven years could be wasted if quotas persist Call for tax incentives and policy reforms to boost production, technology and global collaborations, positioning Sri Lanka as competitive film hub

3 min  |

August 21, 2025

Daily FT

Outstanding credit card balances up 7.2% to Rs. 160.9 b in June

Active credit cards up 8% YoY to over 2 m

1 min  |

August 21, 2025

Daily FT

New Electricity Act comes into force

SRI Lanka's new electricity law took effect on Monday, aimed at ensuring a continuous and affordable supply of electricity while reducing greenhouse gas emissions and promoting renewable energy, the Parliament Secretariat said.

1 min  |

August 21, 2025

Daily FT

UNDP launches SL's first Livestock Insurance Scheme to curb leopard killings

UNDP Sri Lanka through BIOFIN to cover cost of insurance premium LOLC Insurance to act as insurance provider

3 min  |

August 21, 2025
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