Newspaper
Daily FT
$ 1 b X-Press Pearl fine could push up shipping insurance costs
SRI Lanka's $ 1 billion court ruling over the 2021 X-Press Pearl disaster has sparked alarm among global shipping insurers, with UK-based Financial Times reporting that the judgment could drive up marine insurance premiums and push more vessels toward uninsured “shadow fleets.”
1 min |
October 21, 2025
Daily FT
LB Finance makes Rs. 5.6 b voluntary offer for Associated Motor Finance shareholders
LB Finance PLC said it has made a voluntary offer worth approximately Rs. 5.6 billion to acquire all 113,327,268 ordinary voting shares of Associated Motor Finance PLC (AMF).
1 min |
October 21, 2025
Daily FT
Rupee hits a low of Rs. 303.20 against USD
Foreign holding in LKR Treasuries increases by a further Rs. 9.4 b
1 min |
October 21, 2025
Daily FT
HNB supports EV transition with Browns EV leasing partnership
HNB PLC has announced a strategic partnership with Browns EV to provide flexible leasing solutions for the growing range of Browns Electric Vehicles.
1 min |
October 21, 2025
Daily FT
Rs. 761 m Kotagala Rights Issue oversubscribed
KOTAGALA Plantations PLC has said its Right Issue was oversubscribed, with total subscriptions amounting to Rs. 776.4 million.
1 min |
October 21, 2025
Daily FT
Janashakthi Finance and Toyota Lanka launch strategic vehicle leasing partnership
IN a landmark collaboration set to reshape vehicle ownership in Sri Lanka, Janashakthi Finance PLC, formerly known as Orient Finance PLC, a subsidiary of JXG (Janashakthi Group) and Toyota Lanka Ltd., have entered a strategic partnership through the signing of a Memorandum of Understanding (MoU) recently.
2 min |
October 21, 2025
Daily FT
In turbulent trade times, South Asia needs reform, cooperation and resilience
South Asian economists issue joint statement
3 min |
October 21, 2025
Daily FT
A storm in a teacup
LAST week was unsettling for me as a marketing and communications professional.
2 min |
October 21, 2025
Daily FT
Finco buys third largest 11% stake of SDB bank for Rs. 881 m
FINCO Holdings Ltd., has bought a near 11% stake of Sanasa Development Bank PLC (SDB) for Rs. 881.48 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.
1 min |
October 21, 2025
Daily FT
HRCSL calls for report on alleged illegal Customs detention of consignment of Holy Quran in Tamil
Complainant claims Customs detention of consignment of Holy Quran sets a dangerous precedent of State interference in religious texts
1 min |
October 21, 2025
Daily FT
UAE Supreme Court bans compound interest on bank loans
Top court rules total interest cannot exceed original loan amount
1 min |
October 21, 2025
Daily FT
Top startups secure $ 160,000 funding at First Capital Startup Nation by Hatch Demo Day
THREE startups have secured funding worth $ 160,000 combined at the recently concluded First Capital Startup Nation by Hatch Demo Day.
2 min |
October 21, 2025
Daily FT
Rethinking Public Finance: EY on why Accrual Accounting matters for Sri Lanka?
THE International Federation of Accountants (IFAC), in collaboration with the Chartered Institute of Public Finance and Accountancy (CIPFA) and the International Public Sector Accounting Standards Board (IPSASB), has unveiled the 2025 Status Report of the International Public Sector Financial Accountability Index.
1 min |
October 21, 2025
Daily FT
Pan Asia Bank expands digital payment solutions through new strategic partnership
PAN Asia Bank, has taken another step forward in strengthening its digital banking capabilities by signing a strategic agreement with WEBXPAY to provide seamless, secure, and innovative payment solutions to its customers and merchant base.
1 min |
October 21, 2025
Daily FT
Sri Lanka lose to India in Kabaddi
SRI Lanka Boys and Girls lost to India in their Kabaddi encounters, which concluded at the Asian Youth Games 2025 in Bahrain yesterday.
1 min |
October 21, 2025
Daily FT
US Dollar’s collapse, rise of Bitcoin and the run of gold
The real threat to the prominence of USD as a reserve currency had been posed not by these emerging alternative currencies. It has been made by gold which is a close substitute for USD as a store of value and Bitcoin, a cryptocurrency that has offered enormous speculative profits to its holders. Except the possibility of making capital gains out of any increase in the market prices, gold does not earn any revenue for the holder. In fact, gold makes a negative annual earning since the holders must pay a commission or a service charge to the depository which provides safekeeping services to investors
5 min |
October 21, 2025
Daily FT
First Capital first to join the partnership for Carbon Accounting Financials
FIRST Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, has announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), becoming the first capital markets institution in Sri Lanka to join this global initiative.
2 min |
October 21, 2025
Daily FT
Balancing innovation, regulation, and ethics in AI is the new Asian consensus
THE final session of the 11th Annual Daily FT-CICRA Cyber Security Summit 2025 concluded on a forward-looking note, exploring the intersection of AI governance, open innovation, and cybersecurity resilience.
6 min |
October 21, 2025
Daily FT
Boys Kabaddi team starts strong at Asian Youth Games
SRI Lankan Boys Kabaddi outfit thrashed hosts, Bahrain 65/21 in their opening encounter totally dominating at the Third Asian Youth Games 2025 on Sunday at the Bahrain National Stadium (ISA Sports City).
1 min |
October 21, 2025
Daily FT
SLTDA reviews provincial tourism development and coordination
THE Sri Lanka Tourism Development Authority (SLTDA) recently organised a progress review meeting on “Provincial Tourism Development and Coordination” on 17 October, at the Galle Face Hotel, Colombo.
1 min |
October 21, 2025
Daily FT
Microfinance debt: FCEJ calls on Govt. to take urgent measures to protect women from predatory lending
THE Feminist Collective for Economic Justice (FCEJ), expressing its deep concerns over the economic degeneration and rising household indebtedness in Sri Lanka, has accused the Government of failing to enact effective regulation against predatory lending practices and moving forward with a new Microfinance Bill without adequate public consultation.
4 min |
October 21, 2025
Daily FT
NDB Bank partners Unimo Enterprises to expand affordable leasing options
NDB Bank has entered into a Memorandum of Understanding (MoU) with Unimo Enterprises Limited, a fully owned subsidiary of United Motors Lanka PLC, to provide customers with greater access to affordable and flexible vehicle financing.
1 min |
October 21, 2025
Daily FT
10th Annual Dialog Club Vision Rotary Par 3 Classic on 25 Oct.
THE Rotary Club of Colombo Metropolitan (RCCM) has announced the 10th Annual Dialog Club Vision Rotary Par 3 Golf Classic 2025, to be held on 25 October at the Royal Colombo Golf Club (RCGC).
3 min |
October 21, 2025
Daily FT
LB Finance Al-Salamah marks 15 years of excellence in Alternate Financial Services
LB Finance PLC recently celebrated the 15th anniversary of LB Al-Salamah Alternate Financial Services unit at a grand ceremony held at Shangri-La Colombo, marking a significant milestone in its journey of providing Shari'ah-compliant financial solutions in Sri Lanka.
1 min |
October 21, 2025
Daily FT
Sri Lanka Insurance Life maintains growth trajectory in Q3 with 32% increase in GWP
SRI Lanka Insurance Life (SLIC Life) said yesterday it has recorded an impressive performance for the nine months ending 30 September, reflecting the company’s exceptional business strength and resilience.
1 min |
October 21, 2025
Daily FT
Evolution Auto delivers first fleet of KYC electric vans
EVOLUTION Auto Ltd., has officially delivered the first fleet of KYC electric vans to Sri Lankan customers at a special handover ceremony held recently at the Evolution Auto Multi-Brand Aftersales Complex, situated in Peliyagoda adjoining the iconic Porsche showroom.
1 min |
October 21, 2025
Daily FT
Gutsy Sri Lankan men's outfit secure third place
THE Sri Lankan men’s rugby sevens outfit produced a some outstanding running rugby to finish third at the second leg of the Asian Sevens Series, held at the Race Course ground in Colombo last evening.
1 min |
October 21, 2025
Daily FT
Siemens, DIMO complete Sri Lanka's largest grid substation at Habarana
SIEMENS together with DIMO have successfully completed Sri Lanka’s largest grid substation at Habarana valued at Rs. 5 billion.
2 min |
October 21, 2025
Daily FT
NDB announces limited-time fixed deposit offer
NDB Bank has announced the launch of its exclusive 100 & 200 Days Fixed Deposit, designed to offer customers higher returns and faster growth on their savings.
1 min |
October 21, 2025
Daily FT
SLT-Mobitel partners vivo to launch latest 5G-ready smartphones
SLT-MOBITEL, in partnership with vivo, has officially launched the highly anticipated vivo V60 5G and vivo Y29T 5G in Sri Lanka, combining Vivo's cutting-edge smartphone innovations with SLT-Mobitel's superior network experience.
1 min |