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Daily FT

Urban regeneration housing projects to resume with over Rs. 7 b investment

THE Cabinet of Ministers has approved the resumption of two long-delayed housing developments in Colombage Mawatha Housing Project and the Torrington Mawatha Housing Project under the Urban Regeneration Project with an investment of Rs. 7.48 billion.

1 min  |

August 06, 2025

Daily FT

Power hitting specialist Wood concludes training program

POWER hitting specialist Julian Wood took on the Sri Lanka women cricketers on the final day of his week-long training program with the Sri Lanka players and coaches at the NCC grounds yesterday.

1 min  |

August 06, 2025

Daily FT

Sanken Overseas makes strategic investment in CL Synergy Group

SANKEN Overseas yesterday announced that it has made inroads into the freight and logistics sector through an investment in CL Synergy.

2 min  |

August 06, 2025
Daily FT

Daily FT

DMASL Digital Summit 2025 sets new regional benchmark

THE Digital Marketing Association of Sri Lanka (DMASL) concluded the DMASL Digital Summit 2025, a landmark two-day event held on 24-25 July at Waters Edge, Colombo.

3 min  |

August 06, 2025
Daily FT

Daily FT

Revolution in farming: Shaktiman’s Baler and Dhaan Mitram Rotavator debut in Sri Lanka

SHAKTIMAN India (Tirth Agro Technology Ltd.), the world’s largest manufacturer of rotary tillers, has officially introduced two of its advanced agricultural machines — the Shaktiman Baler and the 9-feet “Dhaan Mitram” Rotavator — to the Sri Lankan market for the very first time.

1 min  |

August 06, 2025

Daily FT

Marine pollution issues relating to nurdles spill in Sri Lanka

BETWEEN May and June 2021, the MV X-Press Pearl incident released over 1,680 tons of nurdles into Sri Lanka's marine environment. This event is regarded as the largest single incident of marine plastic pollution in history, with severe and long-lasting consequences for ecosystems, fishing industries, and coastal communities.

2 min  |

August 06, 2025

Daily FT

Minister reveals President's Fund scholarships went to children and relatives of politicians

URBAN Development, Construction and Housing Minister Anura Karunathilaka yesterday told Parliament that children and relatives of Presidents, Ministers and Parliamentarians had benefited from the President's Fund scholarships between 2005 and 2014.

1 min  |

August 06, 2025
Daily FT

Daily FT

The history debate: Which history?

IT took almost four decades and tens of thousands of deaths for Sri Lanka to adopt a language policy matching national and international realities.

9 min  |

August 06, 2025

Daily FT

Confederation of MSMI welcomes 'bold export tax reform'

THE Confederation of Micro, Small and Medium Industries (MSMI) has extended its congratulations to the Government for the successful introduction of the 20% export tax policy.

1 min  |

August 06, 2025

Daily FT

Roar AdX delivers Meta platform-led experience at DMASL Digital Summit 2025

ROAR AdX, the official Meta advertising partner at the DMASL Digital Summit 2025, played a dynamic role in this year's gathering of South Asia's digital marketing community, reinforcing its commitment to platform excellence and Sri Lanka's digital growth journey.

1 min  |

August 06, 2025
Daily FT

Daily FT

Sri Lanka to host first leg of Legends Tour 2026 at RCGC

SRI Lanka will make golfing history in 2026 as it prepares to host the inaugural Legends Tour 2026 from 26 January to 1 February at the Royal Colombo Golf Club (RCGC) marking the first time the Legends Tour will be played on Sri Lankan soil.

1 min  |

August 06, 2025

Daily FT

Trinity secure League, ultimate goal is Bradby

TRINITY College’s Under-19 rugby outfit, led by the resolute and inspirational skipper, Safraz Usmaan etched their names in history by clinching the 2025 Schools Under-19 Rugby League Championship, ending a drought that had lasted since 1987.

2 min  |

August 06, 2025

Daily FT

DIMO’s LOVOL harvester first to offer warranty on rubber tracks

DIMO Agribusinesses, the agricultural arm of DIMO, is offering the first and only rubber tracks with a warranty on a harvester in Sri Lanka through its LOVOL harvesters.

1 min  |

August 06, 2025

Daily FT

Profit-taking drags Colombo stock market down

THE Colombo stock market yesterday remained in the negative mode due to profit-taking by investors.

2 min  |

August 06, 2025

Daily FT

Julie Chung urges bold reforms at 9th AGM of SL-USA Business Council

US Ambassador Julie Chung last week cautioned Sri Lanka risked falling behind without bold reforms and structural change as the global economy is becoming increasingly competitive.

2 min  |

August 06, 2025

Daily FT

eMarketingEye creates history at Hashtag Asia Awards 2025

IN a moment that solidified its leadership in digital marketing, eMarketingEye (EME) emerged triumphant at the Hashtag Asia Awards 2025, the most prestigious platform for social media excellence in Asia.

2 min  |

August 06, 2025
Daily FT

Daily FT

From toe-hold to freehold: Zionist occupation strategies-unlimited

WHEN Trump arrogantly suggested that the neighbouring Arab States should absorb the Gaza population as a solution to Israel’s decimation of Gaza, he announced what discerning persons the world over, had already perceived.

4 min  |

August 06, 2025
Daily FT

Daily FT

SLIM and Mastercard forge strategic collaboration to elevate Sri Lankan brands on global stage

THE Sri Lanka Institute of Marketing (SLIM) has announced a strategic collaboration with Mastercard a technology leader in the global payments industry. This association marks a bold step forward in supporting Sri Lanka’s business ecosystem through brand and payment innovation. By combining the credibility and influence of SLIM Brand Excellence with Mastercard’s technological leadership, this collaboration aims to unlock new levels of value for enterprises across sectors.

2 min  |

August 06, 2025

Daily FT

FDI inflows: Moving beyond numbers

LAST month, the BOI announced that Sri Lanka registered a remarkable 101% year-on-year surge in realised Foreign Direct Investment (FDI) inflows during the first half of 2025, reaching about $ 507 million.

2 min  |

August 06, 2025
Daily FT

Daily FT

Uber Springboard 2025 concludes; five local startups to Hyderabad

UBER, the international ride-hailing and delivery platform, recently held the second edition of its Uber Springboard initiative.

9 min  |

August 06, 2025
Daily FT

Daily FT

Sri Lanka Junior International Badminton Series 2025 kicks off in Gampaha

THE Sri Lanka Junior International Badminton Series 2025 commenced, followed by a grand opening ceremony at the New Saniro Sports Complex in Naiwala, Gampaha yesterday.

1 min  |

August 06, 2025

Daily FT

New delimitation committee appointed to update administrative divisions

THE Cabinet of Ministers on Monday approved the appointment of a new delimitation committee to review and update administrative boundaries for Divisional Secretariat (DS) divisions and Grama Niladhari (GN) divisions.

1 min  |

August 06, 2025

Daily FT

Dr. Darshana Jayasinghe launches Sri Lanka’s first influencer marketing model

DR. Darshana Jayasinghe has introduced Sri Lanka’s first empirically tested model for influencer marketing.

1 min  |

August 06, 2025

Daily FT

Cabinet cuts MPs' insurance cover to Rs. 250,000

THE Cabinet of Ministers at their meeting on Monday approved reducing the group insurance cover for Members of Parliament from Rs. 1 million to Rs. 250,000 per Parliamentary year, effective from the next insurance year starting 9 October 2025.

1 min  |

August 06, 2025

Daily FT

Governor General of Australia Samantha Joy Mostyn arrives today

THE Governor General of Australia Samantha Joy Mostyn is scheduled to undertake an official visit to Sri Lanka today.

1 min  |

August 06, 2025

Daily FT

ComBank Rs. 15 b debut Green Bond issue supported by GGGI

THE Global Green Growth Institute (GGGI) provided technical support to the Commercial Bank of Ceylon PLC (CBC), which successfully issued its debut green bond, raising Rs. 15 billion to finance sustainable projects in sectors such as renewable energy.

1 min  |

August 06, 2025
Daily FT

Daily FT

Delusion of fund raising: How a group of electrical engineers is starving power sector of investment

THE amendments to the Electricity Act No. 36 of 2024 will be debated in Parliament today (6 August) and will likely pass with a majority of votes, due to the NPP voting block. During the run-up to the parliamentary debate, the amendments, and its custodian, Pubudu Niroshan, the Director General of the Power Sector Reform Secretariat (PSRS), has managed to unify almost all the sector participants in opposition.

9 min  |

August 06, 2025
Daily FT

Daily FT

CoPF eases outward investment rules, tightens SOE borrowing under new reforms

IN a bid to promote cross-border expansion of Sri Lankan enterprises, the Committee on Public Finance (CoPF) has approved updated guidelines on outward investments, raising investment thresholds and simplifying processes for local companies to venture overseas.

2 min  |

August 05, 2025

Daily FT

Oh Rugby, thy Kingdom come to Kandy

IT'S official now that Kandy becomes the new reigning Kingdom of Schools Rugby in Sri Lanka, for the first time since 2013, when Dharmaraja College took the Crown to the Hills. Considering that it was a very young team that was groomed with exceptional rugby skills in attack and defence, way much more than what their natural physical capacity is intended for, Colombo should be warned that the Monarchy is not shifting down to Sea level any time soon, at least not as long as Fazil Marija is Head Coach.

7 min  |

August 05, 2025
Daily FT

Daily FT

Parate execution will sound death knell to many construction companies

CHAMBER of Construction Industry of Sri Lanka Presently the banks are moving at an unprecedented pace to auction the properties mortgaged by construction companies as collaterals to raise funds for working capital, to buy equipment, to obtain required bonds and guarantees and also to meet expenditure when construction activities were in limbo.

2 min  |

August 05, 2025