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Daily FT

Sri Lanka-Maldives Business Council hosts 17th AGM

Leads landmark Business Forum in Maldives

2 min  |

August 21, 2025
Daily FT

Daily FT

From ports to power: Sri Lanka's 20-year journey in foreign investment (2004-2024)

From 2004 to 2024, Sri Lanka's FDI journey has been a mix of bold ambition, uneven execution, and political shifts

5 min  |

August 21, 2025

Daily FT

Court issues notice to Rajitha to appear on 29 August

THE Colombo Chief Magistrates Court yesterday issued a formal notice to former Minister Rajtha Senaratne, instructing him to appear before the Court on 29 ‘August in connection with a case filed by the Commission to investigate Allegations of Bribery or Corruption (CIABOC).

1 min  |

August 21, 2025
Daily FT

Daily FT

MillenniumIT ESP and Technovage Solution team up to boost Cambodia's cybersecurity defences

MILLENNIUMIT ESP, a leading technology solutions provider, recently joined forces with Technovage Solution to host an impactful event, 'Transforming Security Operations: From Reactive Defence to Proactive Resilience', at The Skye Phnom Penh Hotel & Apartments.

1 min  |

August 21, 2025
Daily FT

Daily FT

Tuskers' tussle with the Lion King

79TH BRADBY SHIELD - 1ST LEG TACTICAL FORECAST

5 min  |

August 21, 2025
Daily FT

Daily FT

SLC distributes cricket materials under National Pathway Program

SRI Lanka Cricket (SLC), under its National Pathway Program, yesterday distributed cricket equipment to schools, clubs, and Sri Lanka Cricket's District and Provincial squads in a bid to further strengthen the development of the game across the country.

1 min  |

August 21, 2025

Daily FT

ComBank celebrates harvest success in Vavunathivu with Agri Modernisation Village program

Vavunathivu harvest ceremony highlights

1 min  |

August 21, 2025

Daily FT

CID arrests ex-IGP Deshabandu

FORMER Inspector General of Police (IGP) Deshabandu Thennakoon was arrested yesterday by the Criminal Investigation Department (CID) in connection with the violent crackdown on peaceful protesters at Galle Face Green during the 2022 Aragalaya movement.

1 min  |

August 21, 2025

Daily FT

President calls for stronger rural development, social security focus in 2026 Budget

Urges officials to ensure allocations channelled towards improving rural living standards Says enable communities to become direct contributors to national economy Ensure benefits reach intended groups without leakages or inefficiencies

1 min  |

August 21, 2025
Daily FT

Daily FT

Sahashdhanavi and LNG: Search for real costs in the midst of obfuscation

SAHASDHANAVI power plant has been in the news from April this year due to multiple controversies, from the infamous picture of Dr. Tilak Siyambalapitiya signing the Power Purchase Agreement (PPA) with Deputy Chairman Ravindra Pitigalage.

7 min  |

August 21, 2025

Daily FT

Govt. refuses to back down on fingerprint system as postal strike continues

Cabinet Spokesman and Minister Dr. Nalinda Jayatissa says ready to meet with TUs only if they agree to Govt. decisions on implementation of fingerprint attendance system and changes to overtime pay Asserts Govt. already addressed 17 of the 19 demands presented by postal unions Warns trade unions who do not agree to fingerprint system can seek employment elsewhere

1 min  |

August 20, 2025

Daily FT

Tea crop falls in July, YTD production up

July tea production down by 1.83 m kilos to 21.36 m kilos Production falls at all elevation levels except Low Grown compared to July 2024 Jan.-July crop up by 5.97 m kilos to 157.12 m kilos

1 min  |

August 20, 2025
Daily FT

Daily FT

UK expands tariff-free access for SL garment exports

THE UK High Commission in Colombo said yesterday that new trade liberalisation rules coming into effect in 2026 will allow Sri Lankan garment manufacturers to source up to 100% of garment inputs from any country worldwide while maintaining tariff-iff-free access to the UK.

2 min  |

August 20, 2025

Daily FT

Govt. strengthens national cyber defence with mandatory institutional coordination

THE Cabinet of Ministers at their meeting on Monday approved a directive requiring Secretaries of relevant Ministries and institutional heads to continuously obtain professional services from the National Cyber Protection Operations Centre by directly connecting their systems with the facility.

1 min  |

August 20, 2025

Daily FT

Appreciation: Oscar Gunewardena

OSCAR Sarath Alwis Wijesiri Gunewardena (OSAW) was born on 3 September 1928 in the village Mihiripanna, south of Sri Lanka.

2 min  |

August 20, 2025

Daily FT

Stallion Consultancy acquires ACAP stockbrokers for Rs. 153 m

Manilal Fernando enters SL capital market with ACAP Stockbrokers acquisition Asia Capital divests its 63.77% holdings in ACAP Stockbrokers

1 min  |

August 20, 2025

Daily FT

Breaking free from the rat race: Robert Kiyosaki's first-ever 'Cashflow Revolution' in Colombo

COLOMBO made history on Sunday when it hosted the first-ever 'Cashflow Revolution', bringing world-renowned author and entrepreneur Robert Kiyosaki to Sri Lanka for the first time.

2 min  |

August 20, 2025
Daily FT

Daily FT

What Karannagoda’s ‘Turning Point’ teaches post-conflict generation

A few years ago, my son Bhanu, born in 2005, sparked a curious conversation when he asked me what I knew about \"Nari.\"

7 min  |

August 20, 2025

Daily FT

Maga Engineering secures contract for Central Expressway project packages

THE Cabinet of Ministers on Monday approved the awarding of a contract to Maga Engineering Ltd., the lowest responsive bidder, for three construction packages under stage 1 of part 3 of the Central Expressway Project from Pothuhara to Galagedara.

1 min  |

August 20, 2025

Daily FT

Equity market poised for growth as reforms anchor economic outlook

Lynear Wealth Managing Director Dr. Naveen Gunawardane explains why current recovery differs from the past Predicts inflation, interest rates to stabilise with fiscal discipline and no money printing, driving investments to equities Says despite recent rally, equity valuations remain attractive; earnings growth upside 20-25% Past current account surpluses artificial, this time is different Urges Govt. to stick to reforms post IMF program Recommends unit trusts for SL expats who cannot repatriate funds

3 min  |

August 20, 2025

Daily FT

Cabinet approves international bids to revive Elephant Pass saltern

THE Cabinet of Ministers at their meeting on Monday approved inviting international investors to revive operations at the Kurunchathivu (Elephant Pass-North) saltern under a publicprivate partnership (PPP) model.

1 min  |

August 20, 2025

Daily FT

JAAF welcomes UK's liberalised trade rules of origin for apparel exports

THE Joint Apparel Association Forum (JAAF) said yesterday that it warmly welcomed the UK Government's announcement of liberalised rules of origin under the Developing Countries Trading Scheme (DCTS), which will come into effect in early 2026.

1 min  |

August 20, 2025

Daily FT

Parliament passes Gambling Regulatory Authority Bill with amendments

PARLIAMENT yesterday passed the Gambling Regulatory Authority Bill with amendments, paving the way for the creation of an independent body to oversee the country’s gambling sector.

1 min  |

August 20, 2025

Daily FT

Bank of Ceylon (UK) celebrates 75th anniversary in London

BANK of Ceylon (UK) Ltd., marked a significant milestone with the celebration of its 75th anniversary recently, at the Milton Suite, Leonardo Royal Hotel London St. Paul’s.

1 min  |

August 20, 2025

Daily FT

Secondary Bond market yields hold broadly steady

THE Secondary Bond market yesterday witnessed healthy activity and transaction volumes.

1 min  |

August 20, 2025
Daily FT

Daily FT

SVAT to risk-based refunds: Turning point in Sri Lanka's tax policy

AS Sri Lanka stands just weeks away from the abolition of the Simplified VAT (SVAT) scheme on 1 October 2025, the country is preparing to transition to a risk-based VAT refund system. This marks a significant shift in the VAT landscape one that will impact exporters, tax administrators, and the broader economy. While the Inland Revenue Department (IRD) has made efforts to create awareness on the anticipated changes and its impact, the question remains: Are both taxpayers and officials truly ready for this transformation?

8 min  |

August 20, 2025
Daily FT

Daily FT

Australia Under-19 Women cricketers to tour Sri Lanka

THE Australian Under-19 Women cricketers will make a six-match tour of Sri Lanka starting next month.

1 min  |

August 20, 2025

Daily FT

Pakistan name squad for upcoming Asia Cup

SALMAN Ali Agha will lead Pakistan for the upcoming UAE tri-series and the subsequent Asia Cup also to be played in the UAE.

1 min  |

August 20, 2025
Daily FT

Daily FT

Colombo stock market gathers more strength

■ASPI and S&P SL20 set new benchmark highs with banks dominating Rs.10 b turnover

2 min  |

August 20, 2025

Daily FT

Softlogic Life GWP grows 29% in 1H 2025 to Rs. 18.7 b

Reports GWP growth of Rs. 4.2 b highest in the industry ■Return on Equity 20%; total benefits and claims reach Rs. 9.4 b ■Says market share expands to 18%

3 min  |

August 20, 2025