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Daily FT
Are you running an economically viable business?
AT the outset of this article, let's define economic viability. My simple question to the CEO is: Are you generating economic profits well above the Cost of Capital? Let's look at the technical definitions:
3 min |
June 18, 2025
Daily FT
Import ban on palm oil cripples Sri Lanka's edible oil sector, escalates economic woes
SRI Lanka's ban on palm oil imports, which began in 2021 due to environmental concerns, along with high taxes on locally made edible oils, is now causing serious problems for the country's economy. The impact goes beyond cooking oil shortages-key industries like food, tourism, and manufacturing are also feeling the pressure, making it harder for the country to recover from its recent economic crisis.
6 min |
June 18, 2025
Daily FT
Sri Lanka and South Korea reaffirm economic cooperation in high-level meeting
FINANCE and Planning Deputy Minister Dr. Harshana Suriyapperuma outlines priorities including anti-corruption, transparency, and economic relief for vulnerable groups ■Notes Sri Lanka plans to launch National Single Window System to streamline trade and customs procedures ■ Korean Ambassador Miyon Lee expresses South Korea's readiness to assist with institutional reforms ■ Urges faster implementation of ongoing Korean-funded projects in Sri Lanka for greater impact ■ Highlights on expanding labour mobility agreements offering more opportunities for Sri Lankans to work in South Korea, boost foreign exchange reserves via remittances
1 min |
June 18, 2025
Daily FT
MESSAGE OF THE SECRETARY FOR FOREIGN AFFAIRS OF THE REPUBLIC OF THE PHILIPPINES
ON THE OCCASION OF KALAYAAN 2025 “KALAYAAN. KINABUKASAN. KASAYSAYAN.”
1 min |
June 18, 2025
Daily FT
CVF-V20 and Genesis by Dilmah agree to accelerate sustainable agriculture and climate finance in Sri Lanka
A landmark memorandum of understanding (MoU) was signed in Colombo between the Climate Vulnerable Forum and V20 (CVF-V20) and Genesis by Dilmah, an agri-entrepreneurship and sustainability innovation hub.
1 min |
June 18, 2025
Daily FT
CA Sri Lanka rings CSE bell to celebrate 65 years of excellence in accounting and financial leadership
THE country’s National Body of Accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) marked a historic milestone by ringing the ceremonial bell at the Colombo Stock Exchange (CSE) to commemorate its 65th anniversary.
2 min |
June 18, 2025
Daily FT
LAUGFS Lubricants unveils new engine oil brand 'LEO' at Distributor Summit 2025
IN a defining moment for Sri Lanka’s lubricant industry, LAUGFS Lubricants launched its latest product innovation, LEO, a new multigrade mixed-fleet engine oil, during its annual Distributor Summit held at Anantaya Resort and Spa, Chilaw.
1 min |
June 18, 2025
Daily FT
Nations Trust WNPS Monthly Lecture on 19 June
Internationally celebrated wildlife photographer Lakshitha Karunarathna to speak on “Wired for the Wild: Innovation, Empathy and the New Age of Wildlife Photography”
2 min |
June 18, 2025
Daily FT
Trinity and S'Thomas to tee off in Lakshman Kadirgamar Golf Tournament
THE stage is set for an exciting showdown on the greens as Trinity College and S'Thomas' College tee off in the 3rd edition of the Lakshman Kadirgamar Trophy Golf Tournament on 20 June Royal Colombo Golf Club, continuing a tradition that honours the memory of the late Foreign Minister and celebrated alumnus, Lakshman Kadirgamar.
1 min |
June 18, 2025
Daily FT
ComBank champions agri modernisation with farmer programs in Batticaloa and Welimada
THE Commercial Bank of Ceylon has further strengthened its commitment to agricultural transformation in Sri Lanka by conducting two impactful programs in Batticaloa and Welimada, aimed at equipping farmers — particularly youth — with the tools, knowledge, and confidence to embrace modern, sustainable cultivation practices.
2 min |
June 18, 2025
Daily FT
Public Security Ministry announces major drug bust and criminal arrests in countrywide crackdown
THE Public Security Ministry yesterday announced the successful seizure of a significant quantity of narcotics and the arrest of numerous suspects during a countrywide anti-crime and drug prevention operation conducted by the Sri Lanka Police on Monday.
1 min |
June 18, 2025
Daily FT
Think global, act local: South Asia's moment to transform food loss into opportunity
IN a region where millions still face hunger and malnutrition, it is concerning that South Asia also loses a significant share of its food before it ever reaches the plate.
3 min |
June 18, 2025
Daily FT
CEAT and Pizza Hut forge partnership
ABOUT 800 riders who make a living delivering pizzas and fast food items before they cool, can accomplish their task in safety as a result of a collaboration between CEAT Kelani Holdings and Gamma Pizzakraft Lanka Ltd., the sole franchisee for Pizza Hut and Taco Bell in Sri Lanka.
1 min |
June 18, 2025
Daily FT
Browns sets sail with Saakya: New standard in luxury yachting
BROWNS Hotels & Resorts unveils Saakya, a distinguished addition to its portfolio and a refined new chapter in Sri Lanka’s coastal experiences. Operated by Occidental Eden Beruwala at Port City Colombo, the private yacht introduces an elegant new way to explore the island's coastline, combining sophisticated design, curated service and unparalleled privacy.
1 min |
June 18, 2025
Daily FT
Najmul, Mushfiqur make it Bangladesh’s day
■Score centuries and feature in record double century stand
4 min |
June 18, 2025
Daily FT
Siyapatha Finance to issue Rs. 5 b debentures, reinforcing 20 years of trust
SIYAPATHA Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise Rs. 5 billion through its debenture issue.
1 min |
June 18, 2025
Daily FT
Emirates launches new range of kid's toys and bags onboard globally
STAYING true to its family-friendly promise, Emirates is launching a full range of new toys and amenities for kids onboard this summer, ahead of the busy school holiday travel period when almost one million children are expected to fly better with Emirates.
1 min |
June 18, 2025
Daily FT
MESSAGE OF THE AMBASSADOR OF THE REPUBLIC OF THE PHILIPPINES TO SRI LANKA
Warmest greetings on the celebration of the 127th Anniversary of the Proclamation of Philippine Independence!
1 min |
June 18, 2025
Daily FT
Colombo stock market remains negative - crossings boost turnover to nearly Rs. 7 b
THE Colombo stock market remained negative yesterday though turnover rose due to crossings of stakes of several blue chips.
2 min |
June 18, 2025
Daily FT
Redefining Sri Lanka's SMEs: Why we must separate businessmen from true entrepreneurs
IN Sri Lanka, the word “entrepreneur” has become a catch-all phrase, used indiscriminately by politicians, media, academics, banks, and professionals alike to describe virtually anyone engaged in small or medium-sized business activities.
3 min |
June 18, 2025
Daily FT
Vraie Balthazaar elected Mayor of Colombo
Balthazaar becomes Colombo’'s first NPP Mayor in historic vote
1 min |
June 17, 2025
Daily FT
CBSL Chief urges discipline to drive economic transformation
CENTRAL Bank Governor Dr. Nandalal Weerasinghe yesterday said Sri Lanka’s economic transformation must be driven from within, underpinned by long-term discipline by all stakeholders.
1 min |
June 17, 2025
Daily FT
Economy loses steam in 1Q with lower growth
SRI Lanka's economy in the first quarter of 2025 has shown signs of losing momentum, clocking the second lowest growth in the past year.
3 min |
June 17, 2025
Daily FT
Beyond trade war: Navigating global tariff maze of 2025
FOR the better part of a generation, the global economy operated on a foundational belief: that a world with fewer trade barriers was a more prosperous one. That straightforward era has given way to a far more complex reality. As we stand in mid-2025, the international commercial system is defined by an intricate web of tariffs, sophisticated countermeasures, and strategic industrial policies that are reshaping the global flow of goods and capital.
8 min |
June 17, 2025
Daily FT
Message from the Honorary Consul General for Iceland in Sri Lanka
It gives me great pleasure to send felicitations, on behalf of the people of Sri Lanka, to H.E. Benedikt Höskuldsson, Ambassador-designate of Iceland to Sri Lanka, the Government and the people of Iceland on this their 81st National Day. Iceland is said to have broken away from Danish rule in 1944; since then, the country has celebrated its independence on the 17th of June of each year, the birthday of the freedom fighter Jón Sigurðsson.
2 min |
June 17, 2025
Daily FT
President pledges economic sovereignty by 2028
PRESIDENT Anura Kumara Disanayake yesterday pledged to build a stable economy by 2028, with sufficient growth to service debt independently.
3 min |
June 17, 2025
Daily FT
The Story of Iceland's Independence, Its Hero Jón Sigurðsson, and How a Nation Celebrates
Each year on June 17, Icelanders take to the streets in a joyous celebration of national identity, freedom, and resilience. This date marks the anniversary of Iceland's independence from Denmark, achieved in 1944, after centuries of foreign rule. Chosen for its symbolic weight, the day also honors Jón Sigurðsson, the nation's most revered independence hero, whose birthday falls on June 17.
1 min |
June 17, 2025
Daily FT
Alternative external debt restructuring strategy framework
IMF-guided debt restructuring agreements fail to offer sustainable solution to Sri Lanka's external debt crisis Debt servicing targets must be aligned with country's actual capacity to pay, and not with GDP The Institute of Political Economy (IPE) launches new report entitled \"Alternative external debt restructuring strategy framework: Aligning with Sri Lanka's foreign currency earnings and capacity to pay
4 min |
June 17, 2025
Daily FT
FITIS gears up to make Sri Lanka a digital hub in Asia
THE Federation of Information Technology, (FITIS) declared to make Sri Lanka the leading innovation and digital economic hub in Asia by fostering emerging technologies, enabling a future-ready workforce, and driving sustainable digital transformation that enhances global competitiveness and inclusive prosperity.
2 min |
June 17, 2025
Daily FT
June National Golf Ranking Championship tees off today
JUNE National Ranking Championship will commence from today (17 June) till 20 June at the Royal Colombo Golf Club (RCGC).
1 min |