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Almas ups stake in Galle Face Capital Partners to 10%
Daily FT
|August 12, 2025
ALMAS Holdings Ltd., upped its stake in Galle Face Capital Partners PLC to over 10% last week.
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The move follows Almas acquiring around 5% stake on 7 August.
It bought 1.35 million shares at Rs. 69 each, and a further 159 shares at Rs. 72.90 each and 8,722 shares at Rs. 73.
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Daily FT
Marriott International and CG Hospitality Global sign multi-unit agreement to open 3 properties across India and Nepal
These signings deepen strong collaboration between the two companies, marking a significant step in expanding their luxury and premium hospitality footprint including The Ritz-Carlton in Kathmandu Adds nearly 450 keys to the company’s portfolio including 150 elegantly appointed guest rooms, including 30 expansive suites at Ritz-Carlton Westin Kathmandu and JW Marriott Hotel Siliguri are the other properties
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June 25, 2026
Daily FT
Exports top record $ 7 bn in first five months
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4 mins
June 25, 2026
Daily FT
Three-way battle between Trinity, Peter's and Zahira
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3 mins
June 25, 2026
Daily FT
Fintrex Finance PLC delivers strong earnings growth and balance sheet expansion in FY2025/26
FINTREX Finance PLC recorded a significant improvement in financial performance for the year ended 31 March 2026, demonstrating strong operational execution, accelerated business growth, and continued strengthening of its balance sheet fundamentals.
3 mins
June 25, 2026
Daily FT
Advocata calls for vehicle tax regime overhaul
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3 mins
June 25, 2026
Daily FT
Govt. says narcotics seizures top Rs. 226 b in 16 months
MORE than Rs. 226 billion worth of narcotic drugs have been seized by law enforcement authorities since the beginning of 2025, with Public Security Minister Ananda Wijepala yesterday disclosing large-scale recoveries, as well as instances of drug trafficking involving narcotics held in Court custody.
1 mins
June 25, 2026
Daily FT
IRD clarifies tax-free sale of homes and personal vehicles
THE Inland Revenue Department (IRD) yesterday clarified that individuals can sell their residential properties and personal vehicles without paying tax, subject to specified conditions under the amended Inland Revenue Act.
1 min
June 25, 2026
Daily FT
IFC backs New Anthoney’s Farms Group
THE International Finance Corporation (IFC), a member of the World Bank Group, is supporting New Anthoney’s Farms Group (NAF) to expand operations, strengthen efficiency, create jobs, and enhance rural livelihoods at one of Sri Lanka’s top poultry producers.
2 mins
June 25, 2026
Daily FT
Achiraya, Jeyi claim APGC Junior Golf titles
THAILAND’S Achiraya Sriwong produced a brilliant final-round performance to capture the Girls’ Championship, while South Korea’s sensational junior golfer Jeyi Son claimed the Boys’ Championship at the 2026 APGC Junior Golf Championship, which concluded at the Royal Colombo Golf Club last weekend.
1 min
June 25, 2026
Daily FT
Beneficial Ownership rules should strengthen governance, not burden business
Company Secretaries and business leaders call for practical reforms to Sri Lanka's eROC system
3 mins
June 25, 2026
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