Newspaper
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
Secondary bond market yields edge up marginally
Rs. 85 b T-bill auction in focus ■Rupee depreciates
1 min |
July 16, 2025
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
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
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
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
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
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
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
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
Daily FT
Sri Lanka's digital tax shift: Balancing revenue needs with innovation and growth
SRI Lanka is in the midst of a critical transition as it begins to reshape its tax system to reflect the realities of a growing digital economy. With rapid digital adoption across sectors from e-commerce and online advertising to streaming platforms and software-as-a-service providers it has become clear that the country’s tax regime must evolve to capture this expanding domain. In recent years, the Government has initiated a series of steps to bring digital platforms under its tax net, aligning with international trends and the country’s urgent domestic revenue needs.
5 min |
July 15, 2025
Daily FT
Union Assurance celebrates top performers of Pan Asia Bank's Bancassurance team
UNION Assurance, Sri Lanka’s longest-standing private Life Insurer, hosted an exclusive event to celebrate the outstanding achievements of its Pan Asia Bank’s Bancassurance channel.
1 min |
July 15, 2025
Daily FT
AIA tops global MDRT rankings for the 11th year
AIA Group Ltd. (“AIA” or the “Group”) has announced that it has once again achieved the highest number of Million Dollar Round Table (MDRT) members worldwide.
1 min |
July 15, 2025
Daily FT
District 82 welcomes new leadership for Toastmasters year 2025-2026
HAVING marked its 100th anniversary in October last year, Toastmasters International enters its second century with renewed purpose and global momentum.
2 min |
July 15, 2025
Daily FT
Technomedics adds three new members to Board
TECHNOMEDICS, a leader in healthcare technology in Sri Lanka, has announced the appointment of Mevan Srilal, Chanaka Weerawardena, and Rajeeva Wimalawickrama to its Board of Directors, effective from 1 April 2025.
1 min |
July 15, 2025
Daily FT
England in stunning victory over India
ENGLAND yesterday clinched a stunning victory over India by 22 runs in the third Test at Lords to get 2:1 advantage in the 5-match series.
1 min |
July 15, 2025
Daily FT
Alumex achieves 'ASI Performance Standard Certification,' marking a milestone in sustainable aluminium manufacturing
ALUMEX PLC, the country's leading aluminium extrusion manufacturer, was bestowed with the prestigious Aluminium Stewardship Initiative (ASI) Performance Standard Certification, becoming the first in Sri Lanka to earn this globally recognised benchmark for sustainable aluminium production.
1 min |
July 15, 2025
Daily FT
How Malaysia's new-age tourism blends nature, heritage, and modernity right
FROM a cruise boat gliding across Putrajaya's lake, every passenger stood still, captivated by the story unfolding before us. Bridges, buildings, and sprawling malls rose in a rich mix of historical, traditional, and contemporary design, mirrored back in the water and glittering under Malaysia's blinding sun.
6 min |
July 15, 2025
Daily FT
SLB inaugurates Badminton Academies Evaluation Committee
A Badminton Academies Evaluation Committee was instated with Chamara Aluthge being appointed as its inaugural Chairman at Special General Meeting conducted by Sri Lanka Badminton (SLB), headed by the incumbent President Roshan Gunawardena.
1 min |
July 15, 2025
Daily FT
Dinusha leads Sri Lanka 'A' fight back with century
First four-day unofficial Test against Australia 'A'
1 min |
July 15, 2025
Daily FT
Messi extends MLS record with double in Miami win
LIONEL Messi extended the Major League Soccer record for scoring multiple goals in successive games to five with another double as Inter Miami beat Nashville 2-1 on Saturday.
1 min |
July 15, 2025
Daily FT
EDB invites applications for Presidential Export Awards 2024/25
THE Sri Lanka Export Development Board (EDB) yesterday announced that it officially opened applications for the prestigious Presidential Export Awards (PEA) 2024/25.
1 min |