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Daily FT

Daily FT

HNB Investment Bank powers Alpha Fire Services' journey from historic CSE listing to sale of controlling interest

HNB Investment Bank yesterday recounted its facilitation of Alpha Fire Services' (AFS) journey from historic listing three years ago to the sale of controlling interests this week.

2 min  |

June 06, 2025
Daily FT

Daily FT

Colombo stock market sustains all-time high level

THE Colombo stock market sustained its all-time high level yesterday amidst healthy turnover fuelled by bullish investor sentiment.

2 min  |

June 06, 2025

Daily FT

Sugar importers warn against tax hike, say consumers will pay the price

SUGAR importers have urged President and Finance Minister Anura Kumara Disanayake not to increase the existing sugar import tax, warning that it would lead to a steep rise in prices and cause serious disruptions in the market.

1 min  |

June 06, 2025
Daily FT

Daily FT

Airport-Colombo Fort luxury bus service resumes

IN a significant move to enhance transport convenience for air travellers and the airport users, the Route 187 Airport-Colombo Fort air-conditioned bus service has been resumed, providing a comfortable, direct connection between Bandaranaike International Airport (BIA) and Colombo Fort.

1 min  |

June 06, 2025

Daily FT

Antonians face DS at Nittawela in Alles Trophy face-off as Schools Rugby League 2025 kicks off today

THE Dialog Schools Rugby League 2025 will kick off in style with the much awaited Alles Trophy encounter between St. Anthony’s College and D. S. Senanayake College which is scheduled for today (6 June) at the Nittawela Rugby Stadium, promising an intense battle to open the season.

2 min  |

June 06, 2025
Daily FT

Daily FT

SLBFE faces COPE scrutiny over Rs. 1 b in unauthorised spending, financial mismanagement

THE Sri Lanka Bureau of Foreign Employment (SLBFE) came under intense scrutiny after the Committee on Public Enterprises (COPE) revealed it had spent over Rs. 1.3 billion on programs not included in its 2024 annual action plan, raising serious questions about governance, accountability, and financial discipline within the institution.

2 min  |

June 06, 2025

Daily FT

Secondary bond market yields close broadly steady

THE secondary bond market yesterday initially, saw yields continue to edge down on the back of concentrated buying interest on shorter tenor securities, specifically 2027-2029 maturities. However, slight profit taking pressure emerged which led to a reversal and as such secondary market two-way quotes closed the day broadly steady. Market activity and transaction volumes were seen at healthy levels during the earlier part of the day which tapered off and moderated towards the close of trading hours.

1 min  |

June 06, 2025
Daily FT

Daily FT

Colombo’s evolving retail landscape: Void in the suburbs, vision for Rajagiriya

IN the last few decades, Colombo’s skyline has been steadily reshaped by the rise of shopping malls, architectural symbols of economic aspiration, and urban transformation.

2 min  |

June 06, 2025

Daily FT

DFCC Bank acts as Lead Arranger in $ 100 m loan for India's Satin Creditcare

DFCC Bank PLC yesterday announced its role as a Lead Arranger in a landmark $ 100 million Social Loan Facility raised by Satin Creditcare Network Ltd., (SCNL), one of India's largest microfinance institutions.

1 min  |

June 06, 2025
Daily FT

Daily FT

LOLC Group posts Rs. 41 b net profit; assets top Rs. 2 t mark

Global expansion, growth and sectoral diversification support earnings resilience and stellar performance

3 min  |

June 06, 2025

Daily FT

Access Engineering buys over 33.3% minority stake in Harbour Village for $ 19 m from CHEC

ACCESS Engineering PLC has bought over the minority stake of 33.33% in Harbour Village Ltd., for $ 19 million from China Harbour Engineering Company Ltd. (CHEC).

1 min  |

June 06, 2025
Daily FT

Daily FT

President calls for end to political patronage in environmental destruction

Condemns illegal activities and exposed corruption among State officials in Immigration, Customs and Mining sectors at the national ceremony to mark World Environment Day Calls on State officials to become “agents of life,” promising political backing for reform and warning: “either you change, or we will change you” Asserts Sri Lanka has strong laws, but political interference undermines implementation Cites rising landslides, droughts, floods, human-elephant conflict as signs of deteriorating ecosystem Opines environmental protection must transcend politics, offering unifying platform for all communities Declares ‘Bandula Pethiya’ habitat a protected sanctuary, gazettes four new nature reserves including Nilgala Conservation Area, designates three Eco-Friendly Model Schools, launches evaluation system for Green Railway Stations Insists on nation to restore lost ecological richness, transform Sri Lanka into global example of environmental harmony

5 min  |

June 06, 2025
Daily FT

Daily FT

China: Emerging 'qibla' for struggling Sri Lanka

China is showing a new direction (qibla) to follow for economies suffocating under a US-led capitalist order.

4 min  |

June 06, 2025

Daily FT

South West Monsoon Meet tees off tomorrow

THE Royal Colombo Golf Club (RCGC), is set to host its much looked forward South West Monsoon Meet 2025 tomorrow. It will be continued on 8, 14 and 15 June.

1 min  |

June 06, 2025
Daily FT

Daily FT

Agonies of Sri Lankan sugar industry

THE newspapers have been carrying a series of articles connected to the sugar industry, in particular connected to the Sevenagala and Pelwatte industries in 2024; the grouse was over the inability to dispose of alcohol distilled at the distilleries. In 2025, the complaints are connected to the disposal of produced sugar.

3 min  |

June 06, 2025

Daily FT

Pasan Rent a Car honoured at Iconic Awards 2025 in Thailand

PASAN Rent a Car Ltd., was recently honoured as The Excellent Car Rentals and Tour Service Provider of the Year at the Iconic Awards 2025 held in Bangkok, Thailand.

1 min  |

June 06, 2025

Daily FT

WSO2 acquires leading API analytics and monetisation startup Moesif

Move supports WSO2's strategic roadmap, delivering added value to customers and sustained business growth

1 min  |

June 06, 2025
Daily FT

Daily FT

Markspen Group opens latest showroom in Dambulla

MARKSPEN Group recently inaugurated its latest showroom in Dambulla, located at No. 267, Kurunegala Road, Dambulla.

1 min  |

June 06, 2025

Daily FT

Father's Day festivities await at Cinnamon Grand Colombo

THIS Father’s Day, Cinnamon Grand Colombo invites guests to honour Dad with an array of indulgent dining experiences and delightful treats across its signature outlets.

1 min  |

June 06, 2025
Daily FT

Daily FT

BYD launches game-changing plug-in hybrid pickup 'Shark 06' in Sri Lanka

BYD, in partnership with its authorised distributor John Keells CG Auto, recently launched the 'Shark 06' in Sri Lanka — marking the local debut of what is positioned as the country’s first plug-in hybrid pickup.

2 min  |

June 06, 2025

Daily FT

'Futurecrafting Digital Sorcery'; SLIM launches DIGIS 2.5

THE Sri Lanka Institute of Marketing (SLIM) has announced the launch of SLIM DIGIS 2.5, the country's premier platform recognising innovation and impact in digital marketing.

1 min  |

June 06, 2025
Daily FT

Daily FT

PayMedia expands executive team with new Chairman and Director appointments

IN a strategic move to further strengthen its leadership team and drive continued innovation in Sri Lanka's fintech sector, PayMedia Ltd., a leading digital financial solutions provider, has announced the appointment of Dr. Dharmasri Kumaratunge as its new Chairman.

2 min  |

June 06, 2025
Daily FT

Daily FT

The Concept Store by Asian Group of Companies unveils Inspire Studio

Opens doors to better living

1 min  |

June 06, 2025
Daily FT

Daily FT

ARTRA exhibitions Colombo edition from 28-29 June

Exhibitions within intimate setting of a private collector's home

5 min  |

June 06, 2025
Daily FT

Daily FT

Proprietary Planters Alliance debuts as urgently needed catalyst

IN the lush hills and tropical lowlands of Sri Lanka, a quiet revolution is stirring—one that seeks not just to revive but to radically transform the plantation sector.

3 min  |

June 06, 2025
Daily FT

Daily FT

First Capital unveils SME-focussed Advisory Services at Scale Up Sri Lanka 2025

FIRST Capital Advisory Services Ltd., a subsidiary of the First Capital Holdings PLC has joined the Scale Up 2025 National SME Forum, organised by The Ceylon Chamber of Commerce, as the official Business Advisory Partner.

1 min  |

June 06, 2025

Daily FT

New Anthoney's Feeds emerges victorious with double Gold at NCQP 2025

REFLECTING its unwavering pursuit of operational excellence and innovation, New Anthoney's Feeds Ltd. secured two Gold awards at the recent National Convention on Quality and Productivity (NCQP) 2025, hosted by the Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) at the Mount Lavinia Hotel.

2 min  |

June 06, 2025
Daily FT

Daily FT

PMF Finance opens 19th branch in Embilipitiya

IN a continued stride toward expanding its national footprint, PMF Finance PLC has inaugurated its 19th branch in Embilipitiya on 5 May.

1 min  |

June 06, 2025
Daily FT

Daily FT

Ceylon Chamber hosts EU delegation led by Polish Foreign Minister to advance trade and investment

THE Ceylon Chamber of Commerce hosted Poland’s Foreign Affairs Minister Radosław Sikorski, who visited Sri Lanka from 28-31 May on behalf of the EU’s High Representative for Foreign Affairs and Security Policy Kaja Kallas.

1 min  |

June 06, 2025

Daily FT

Thunder of dragons will soon gather in Sri Lanka

FOR 25 years, the elite Dragons of Asia results-focused Marketing Communications Recognition Program has been recognising the very best marketing work throughout Asia.

2 min  |

June 06, 2025