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Cabinet approves measures to promote gem industry

November 27, 2025

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Daily FT

THE Cabinet of Ministers on Monday approved paving the way for a series of regulatory measures aimed at promoting the gem industry in Sri Lanka.

Cabinet approves measures to promote gem industry

Cabinet Spokesman and Minister Dr. Nalinda Jayatissa

المزيد من القصص من Daily FT

Daily FT

Food importers warn 10-20% price rise ahead of festive season, assure no shortages

ESSENTIAL food importers have sought to calm fears of shortages ahead of the Sinhala and Tamil New Year, while cautioning that consumers should expect price increases of between 10-20% as higher fuel, freight, and insurance costs filter through the supply chain.

time to read

2 mins

March 24, 2026

Daily FT

Janashakthi's Rs. 5 b IPO gets CSE nod

THE Colombo Stock Exchange (CSE) has granted in-principle approval for Janashakthi Ltd., (JXG) to proceed with an Initial Public Offering (IPO) of 500 million ordinary voting shares via an Offer for Subscription.

time to read

1 min

March 24, 2026

Daily FT

Iran will offer fuel and essential supplies to Sri Lanka if requested, says Ambassador

IRAN has expressed readiness to supply oil and other essential goods to Sri Lanka if requested, reaffirming its longstanding ties with the country, Iranian Ambassador Alireza Delkhosh said at a media briefing in Colombo.

time to read

1 min

March 24, 2026

Daily FT

President urges countrywide push to curb peak-hour energy use amid global supply strain

PRESIDENT Anura Kumara Dissanayake yesterday directed officials to intensify public awareness campaigns on prudent electricity use during peak hours, as the country seeks to safeguard energy security against the backdrop of global supply disruptions linked to the Middle East conflict.

time to read

1 mins

March 24, 2026

Daily FT

Daily FT

The evolution of Withholding Taxes – a status quo

WITHHOLDING taxes have long served as one of the most efficient mechanisms for collecting income tax in Sri Lanka.

time to read

4 mins

March 24, 2026

Daily FT

ADB President begins three-day Sri Lanka visit with focus on recovery and resilience

ASIAN Development Bank (ADB) President Masato Kanda arrived in Sri Lanka yesterday for a three-day official visit aimed at deepening economic cooperation, reviewing development priorities, and assessing Cyclone Ditwahrelated damage in affected districts.

time to read

1 min

March 24, 2026

Daily FT

Tax expert challenges key clauses of Inland Revenue (Amendment) Bill before SC

A significant constitutional challenge has been filed before the Supreme Court (SC) against provisions of the proposed Inland Revenue (Amendment)

time to read

2 mins

March 24, 2026

Daily FT

Janashakthi's Rs. 5 b IPO gets CSE nod

THE Colombo Stock Exchange (CSE) has granted in-principle approval for Janashakthi Ltd., (JXG) to proceed with an Initial Public Offering (IPO) of 500 million ordinary voting shares via an Offer for Subscription.

time to read

1 min

March 24, 2026

Daily FT

Daily FT

Oil falls below $ 100 as Trump postpones military strikes on Iranian power plants for five days

US President Donald Trump yesterday said that he has ordered the US military to postpone strikes against Iranian power plants and energy infrastructure for five days after holding \"good and productive conversations\" with Tehran.

time to read

1 mins

March 24, 2026

Daily FT

Planters call for ‘fair' electricity tariffs to sustain industry

THE Planters' Association of Ceylon (PA) has called for the implementation of a more sustainable electricity tariff framework and energy generation policy, citing the severe economic strain faced by the plantation sector and other export-oriented industries due to prohibitively high electricity tariffs.

time to read

3 mins

March 24, 2026

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