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Daily FT

Daily FT

Toyota Lanka unveils 2025 brand-new vehicle line-up at Toyota LIFE Grand Reveal

LANKA Ltd., a leading name in automotive excellence, officially unveiled its 2025 Toyota brand-new vehicle lineup in celebration of its 30th year of operations at the Toyota LIFE Grand Reveal.

2 min  |

July 16, 2025

Daily FT

Cabinet Spokesman criticises postal workers’ strike amid ongoing reforms

CABINET Spokesman and Mass Media Minister Dr. Nalinda Jayatissa yesterday criticised the decision by postal workers to launch trade union action, calling it “unacceptable” particularly as the Government continues its efforts to address longstanding issues within the sector.

1 min  |

July 16, 2025
Daily FT

Daily FT

Australia skittle Windies for 27 – lowest Test total for 70 years

AUSTRALIA bowled out West Indies for just 27-the second lowest score in Test history, and the worst since 1955to complete a 176-run win and series clean sweep in Jamaica.

1 min  |

July 16, 2025

Daily FT

EFC submits comprehensive roadmap on good governance in social security institutions to Labour Minister

THE Employers’ Federation of Ceylon (EFC) has formally presented the position paper titled \"Preserving beneficiary interests in Sri Lanka’ social security institutions through good governance’ to Labour Minister Dr. Anil Jayantha Fernando.

2 min  |

July 16, 2025
Daily FT

Daily FT

LOLC Finance Ran Savi revolutionises gold loan top-ups with iPay

LOLC Finance continues to lead the way in digital transformation with the launch of its latest enhancement to the Ran Savi Gold Loan facility.

3 min  |

July 16, 2025

Daily FT

Technology meets safeguarding: Koach Hub and USO join forces

AT its core, safeguarding addresses one of life’s most basic needs: the need to feel safe and secure.

2 min  |

July 16, 2025
Daily FT

Daily FT

President holds talks with Heads of Saudi Fund for Development

A meeting between President Anura Kumara Disanayake and Chief Executive Officer (CEO) of the Saudi Fund for Development (SFD) Sultan A. Al-Marshad was held Monday afternoon (14) at the Presidential Secretariat.

1 min  |

July 16, 2025
Daily FT

Daily FT

From depths of the ocean to fish market: Silent struggle for manta and devil rays

MANTA and devil rays are among the ocean's most graceful and captivating creatures. With their wide, winglike fins and majestic movements, they glide effortlessly through tropical and subtropical waters, capturing the hearts of divers and ocean lovers around the world. But these iconic animals are increasingly under threat—targeted by global fisheries and caught unintentionally as bycatch.

2 min  |

July 16, 2025
Daily FT

Daily FT

CA Sri Lanka announces 60th Anniversary TAGS Awards 2025

THE Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) officially launched the 60th Anniversary TAGS Awards 2025 at a press conference held in Colombo, marking a historic milestone in the country’s corporate reporting landscape.

3 min  |

July 16, 2025

Daily FT

Sri Lanka's most awaited brand recognition: SLIM Brand Excellence 2025 now open for entries

THE SLIM Brand Excellence Awards return with renewed purpose in 2025, spotlighting Sri Lanka's most outstanding marketing achievements and brand stories. More than a celebration of success, this year's edition promises to elevate industry benchmarks, foster innovation, and empower local marketers to reach world-class standards—driving national growth through excellence in branding.

2 min  |

July 16, 2025

Daily FT

Digital age: Sri Lanka's security and data privacy

Organised first ever data privacy and protection summit

3 min  |

July 16, 2025

Daily FT

Public Relations Association of Sri Lanka unveils Code of Ethics on World PR Day

■A practical, values-driven framework for agencies, professionals, and clients

2 min  |

July 16, 2025

Daily FT

STEMedical and SLIBTEC sign $ 15 m deal to launch internationally accredited lab

IN a bid to strengthen the scientific and export capabilities, a $ 15 million Memorandum of Understanding (MoU) was signed yesterday between the US-based STEMedical and the Sri Lanka Institute of Biotechnology (SLIBTEC) to establish a laboratory with internationally recognised accreditation.

1 min  |

July 16, 2025

Daily FT

Online passport facility for expats via 20 Sri Lankan missions

THE Cabinet of Ministers on Monday approved the implementation of a new project to enable expatriates living overseas to apply for passports online through 20 identified Sri Lankan missions and offices abroad.

1 min  |

July 16, 2025

Daily FT

ADB to provide $ 100 m for hospital capacity and quality upgrade in Sri Lanka

THE Cabinet of Ministers on Monday approved the implementation of the $ 100 million Asian Development Bank (ADB)-funded capacity and quality upgrade initiative targeting secondary treatment hospitals countrywide.

1 min  |

July 16, 2025
Daily FT

Daily FT

Secondary bond market yields edge up marginally

Rs. 85 b T-bill auction in focus ■Rupee depreciates

1 min  |

July 16, 2025
Daily FT

Daily FT

ASPI hits record high as CSE begins week on the up with Rs. 9.5 b turnover

THE Colombo stock market started the new week and sustained its all-time high level yesterday amidst healthy turnover fuelled by bullish investor sentiment, ending the week on the up.

2 min  |

July 15, 2025
Daily FT

Daily FT

Sri Lanka FinTech Summit 2025: A digital bridge to economic recovery

SRI Lanka stands at a pivotal moment in its economic history. After weathering its worst financial crisis in decades, the nation is emerging with renewed determination and a clearer vision for sustainable growth.

8 min  |

July 15, 2025

Daily FT

SLPMA tables strategic roadmap to build $ 1 b pharma export industry

CALLING upon all relevant stakeholders to position local pharmaceutical manufacturing as a 'thrust industry' which can reduce the forex drain and meet public health needs, the Sri Lanka Pharmaceutical Manufacturers' Association (SLPMA) unveiled the 'National Call to Produce Medicine in Sri Lanka' last Friday following its Annual General Meeting.

2 min  |

July 15, 2025

Daily FT

COPE recommends legal action to reclaim SLIIT over unlawful privatisation

THE Committee on Public Enterprises (COPE) has recommended that legal steps be taken to take over the Sri Lanka Institute of Information Technology (SLIIT), which previously belonged to the Mahapola Trust Fund as an institution administered by the Mahapola Trust Fund, citing its transformation into a fully private entity was carried out unlawfully.

3 min  |

July 15, 2025
Daily FT

Daily FT

Yajith heads Alumni of Commonwealth Executive Master of Business Administration/ Public Administration

THE 7th Annual General Meeting (AGM) of the Commonwealth Executive Master of Business Administration/Public Administration (CEMBA/ CEMPA) Alumni Association, Faculty of Management Studies of the Open University of Sri Lanka, was successfully convened at Hotel Solis in Pitakotte.

4 min  |

July 15, 2025
Daily FT

Daily FT

Sri Lanka signs key debt restructuring deal with Saudi Fund for Development

SRI Lanka yesterday marked a significant milestone in its external debt restructuring process with the formal signing of Bilateral Amendatory Loan Agreements with the Saudi Fund for Development (SFD), restructuring over SAR 516 million (approximately over Rs. 41 billion) in loans.

1 min  |

July 15, 2025
Daily FT

Daily FT

SL speeds up digital drive with GovPay expansion

THE Government yesterday said it is ramping up efforts to drive digital transformation in the public service, with plans to onboard over 150 State organisations onto the GovPay platform by September 2025.

3 min  |

July 15, 2025

Daily FT

Seven-year transformational journey of PMF Finance for greater impact for future

In this comprehensive interview, PMF Finance PLC Chairman Chandula Abeywickrema reflects on the remarkable transformation of the company under his leadership—from a defunct finance institution to a steadily growing, professionally managed, and compliant entity.

4 min  |

July 15, 2025
Daily FT

Daily FT

Jevahn to tee off in Dutch Junior Open 2025

SRI Lankan golfer, Jevahn Sathasivam will take part in the Dutch Junior Open 2025 which will take place from 16 to 19 July at the Toxandria Golf Club in the Netherlands.

1 min  |

July 15, 2025

Daily FT

Siyapatha Finance opens 54th branch in dynamic city of Kaduwela

PREMIER finance company Siyapatha Finance PLC recently opened its newest branch in Kaduwela, expanding its islandwide network to 54 branches. Situated in the heart of a progressive suburb of Colombo, the Kaduwela branch offers Siyapatha’s customer-centric financial solutions ranging from leasing, fixed deposits, savings, gold financing, business loans, personal loans, fast draft, and factoring to Smart Pay and bill payment facility.

1 min  |

July 15, 2025
Daily FT

Daily FT

Secondary Bond market consolidates; activity subdued

THE Secondary Bond market kicked off the week on a quiet note, with yields holding broadly steady as activity remained rangebound.

1 min  |

July 15, 2025

Daily FT

Palmer inspires Chelsea to stunning win over PSG in Club World Cup final

COLE Palmer inspired a stunning Chelsea performance as they downed European champions Paris St-Germain (PSG) to win the first edition of the newly expanded Club World Cup.

1 min  |

July 15, 2025
Daily FT

Daily FT

From regulation to confusion: Challenges of VAT on non-resident service providers via electronic platforms

THE Value Added Tax (VAT) Amending Act No. 04 of 2025 which was certified on 11 April 2025, introduced amendments to the charging section of the VAT Act where VAT at 18% would be charged on the supply of services by a nonresident person through an electronic platform to a person in Sri Lanka, with effect from 1 October 2025. Sri Lanka has now introduced the VAT Regulation (Gazette No. 2443/30) requiring nonresident persons providing services via electronic platforms to register for VAT, charge 18% VAT, and remit it to the Inland Revenue Department (IRD).

5 min  |

July 15, 2025

Daily FT

Three years after fall of Gotabaya; waiting for justice

14 July marks the third anniversary of one of the most momentous uprisings in Sri Lankan history—the people’s toppling of President Gotabaya Rajapaksa. The dramatic scenes of protestors storming the presidential palace, fuelled by economic devastation and political betrayal, were not merely acts of desperation. They were declarations of collective power.

2 min  |

July 15, 2025