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Daily FT

India-backed Rs. 600 m Mullaitivu hospital construction begins

WORK has commenced on the construction of a four-storeyed medical ward complex at the District General Hospital Mullaitivu with grant assistance of Rs. 600 million from the Government of India.

1 min  |

May 15, 2026
Daily FT

Daily FT

Freed by Palestine

TODAY is Nakba Day, the commemoration of the Palestinian catastrophe. It is made all the more ridiculous by how it commemorates a monumental injustice that continues to unfold even as we speak.

5 min  |

May 15, 2026

Daily FT

West Indies Emerging team to tour Sri Lanka

THE West Indies Emerging men’s team will tour Sri Lanka next month to engage in a bilateral series.

1 min  |

May 15, 2026

Daily FT

Immigration official arrested over alleged Rs. 9.8 m procurement fraud

AN official attached to the Department of Immigration and Emigration has been arrested by the Criminal Investigation Department (CID) over an alleged financial fraud linked to a software installation project.

1 min  |

May 15, 2026
Daily FT

Daily FT

SC’s determination on Inland Revenue (Amendment) Bill 2026: What it means for taxpayers

THE Inland Revenue (Amendment) Bill 2026, published in the Government Gazette of 20 February 2026 and placed before Parliament on 17 March 2026, proposed several significant changes to the Inland Revenue Act No. 24 of 2017.

4 min  |

May 15, 2026
Daily FT

Daily FT

ChargeUP partners with Lanka IOC to drive EV charging expansion in Sri Lanka

CHARGEUP has formed a strategic partnership with Lanka IOC PLC (LIOC), becoming its exclusive Electric Vehicle (EV) charging partner.

2 min  |

May 15, 2026

Daily FT

No CCTV footage recorded at location of Kapila Chandrasena's death

THE Colombo Crimes Division (CCD) yesterday informed the Colombo Fort Magistrate’s Court that although CCTV cameras at the residence where former SriLankan Airlines Chief Executive Officer Kapila Chandrasena died were operational, the system had not been recording footage for a prolonged period and no footage from the location of the death had been captured.

1 min  |

May 15, 2026

Daily FT

Smart Quest marks 20 years of transforming Sri Lanka’s leaders

Sri Lanka's only integrated people development firm celebrates two decades of leadership training, professional coaching certification and HR consultancy Seasoned HR leader Oshana Dias joins as COO

3 min  |

May 15, 2026

Daily FT

Weather to cause the biggest upset on week 4?

AS it has been raining heavily for the past 2 days, and is likely to continue into the weekend, most rugby playing fields would have now turned into perfect fields for paddy cultivation.

6 min  |

May 15, 2026
Daily FT

Daily FT

CSSL sets national direction for human-centric digital economy through 44th NITC

A press conference was held to outline the strategic national direction and vision for the 44th National IT Conference (NITC), positioning Sri Lanka’s digital transformation journey around a people-first and innovation-driven framework.

3 min  |

May 15, 2026
Daily FT

Daily FT

New ownership for Galle Gallants in LPL Season 6

Pubudu Dassanayake appointed head coach

1 min  |

May 15, 2026
Daily FT

Daily FT

EY says proposed VAT changes may raise business costs, increase tax disputes

ERNST & Young (EY) Sri Lanka has warned that several provisions in the proposed Value Added Tax (VAT) amendments could widen tax exposure, increase compliance costs and create uncertainty for businesses, particularly in relation to digital services, financial services and passive investment income.

3 min  |

May 15, 2026

Daily FT

Cabinet approves Rs. 1.8 m additional compensation for 245 families affected by Yan Oya Reservoir project

THE Cabinet of Ministers on Monday approved additional compensation payments for families affected by land acquisition linked to the Yan Oya Reservoir, which was developed to strengthen agricultural water supply in the North Central and Eastern regions.

1 min  |

May 15, 2026

Daily FT

Sampath Bank posts Rs. 6.2 b PAT in 1Q 2026

Total asset base crosses Rs. 2 t milestone for first time

5 min  |

May 14, 2026

Daily FT

Prime Melwa unveils world-class marina living at Port City Colombo

PRIME Melwa Port City Ltd., on Tuesday signed a Sales and Purchase Agreement (SPA) with CHEC Port City Colombo Ltd., marking a historic milestone in the realisation of one of the most prestigious upcoming marina and waterfront developments at Port City Colombo.

1 min  |

May 14, 2026
Daily FT

Daily FT

52nd Annual Convocation of the Bar Association of Sri Lanka

THE 52nd Annual Convocation of the Bar Association of Sri Lanka (BASL) and the Induction of the 29th President of the association was ceremonially held on Sunday, 10 May 2026 at 12.30 p.m., at the Water's Edge Hotel in the presence of distinguished members of the judiciary, government officials, members of the legal fraternity, and invited guests.

6 min  |

May 14, 2026
Daily FT

Daily FT

Govt. to transform SME sector towards tripling economy to $ 300 b

Unveils landmark National SME Strategy Framework to build modern and competitive SME and entrepreneur ecosystem Initiative aims to enhance SME sector contribution to GDP to 80% from 50% at present; up employment generation from 45% at present Framework includes five-pronged strategic outlook — transformational growth; integrated approach; market orientation; entrepreneurial society; and outcomes and impact focus Three implementation approaches — institutional strengthening; capability enhancement; and growth enablement and problem solving Lists 11 strategy pillars to be achieved via collective effort by Govt., private sector and international donor and other agencies

2 min  |

May 14, 2026

Daily FT

CBSL distances supervisory role from Treasury and NDB scams

Governor Dr. Nandalal Weerasinghe says CBSL acts as banker to Govt. and executes payment instructions as directed Says CBSL does not monitor individual transactions but ensures prudential systems and controls are in place I Confirms NDB remains stable with no impact on depositors or broader financial system

3 min  |

May 14, 2026

Daily FT

HNB assets reach Rs. 2.5 t milestone in 1Q marking strong start to 2026

Deposits cross Rs. 2 t mark, gross loans and advances reach Rs. 1.6 t Asset quality stable, with Net Stage 3 ratio at 1.18% Liquidity and capital positions maintained well above regulatory minimums

3 min  |

May 14, 2026

Daily FT

Sri Lanka Customs crosses Rs. 1 t mark, beats early 2026 revenue targets

Outperforms targets by Rs. 133 b, achieves 115% of cumulative target Exceeds monthly targets for four months straight on stronger enforcement, trade recovery Collects Rs. 2.57 b in vehicle import taxes on 12 May, non-vehicle import collections contribute Rs. 10.72 b

2 min  |

May 14, 2026

Daily FT

President warns fuel import bill has surged six-fold since February

Oil bill in Feb. was $ 98 m, increased to $ 216 m in March, $ 368 m in April, with May projected at $ 522 m Diesel litre costs CPC Rs. 720 per litre, sold to consumers at Rs. 392

1 min  |

May 14, 2026

Daily FT

'I want to make it very clear.CBSL does not promote economic growth': Governor

CENTRAL Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe yesterday rejected the notion that the CBSL's role was to directly drive economic growth, productivity gains, or foreign direct investment (FDI), arguing instead that its mandate was confined to preserving monetary and financial stability.

2 min  |

May 14, 2026
Daily FT

Daily FT

President orders urgent resettlement of Ditwah victims in Nuwara Eliya

PRESIDENT Anura Kumara Dissanayake yesterday directed officials to urgently accelerate the resettlement of families displaced by Cyclone Ditwah in the Nuwara Eliya District, with special focus on estate workers still living in temporary shelters amid worsening weather conditions.

2 min  |

May 14, 2026

Daily FT

Sri Lanka, UAE explore deeper trade ties and port sector cooperation

Bilateral trade between two countries stands at around $ 1.5 b UAE firm eyes opportunities linked to Port of Colombo Talks cover CEPA, maritime connectivity and aviation cooperation UAE expresses interest in SriLankan Airlines maintenance operations

1 min  |

May 14, 2026

Daily FT

Northampton Saints to play Asia Pacific Lions at Racecourse on 28 August

THE Asia Pacific Lions have confirmed a historic international rugby clash against English Premiership giants Northampton Saints, with the two sides set to meet in Colombo on 28 August 2026.

1 min  |

May 14, 2026
Daily FT

Daily FT

IMRA Awards 2026 calls for applications for women achievers across nine key sectors

THE IMRA Foundation Guarantee Ltd., has announced the call for applications for the third IMRA Awards 2026, inviting outstanding Muslim women across Sri Lanka to be recognised on a national stage alongside a growing community of role models celebrated for excellence, leadership and impact. Applications close on 1 July 2026.

2 min  |

May 14, 2026
Daily FT

Daily FT

Jetwing Vil Uyana named among world's Top 10 Responsible Hotels by Wanderlust UK

JETWING Vil Uyana, A Luxury Reserve, has been recognised once again by Wanderlust magazine as one of the world’s top 10 hotels for responsible travel, emerging as the only hotel from Sri Lanka to feature on the publication's prestigious ‘Wandersleeps 2026' list.

1 min  |

May 14, 2026

Daily FT

Chandrasena’s downfall and lessons to be learnt

THE death a few days ago of the former Chief Executive Officer of SriLankan Airlines Kapila Chandrasena, who faced corruption charges tied to a $2.3 billion Airbus aircraft purchase, is emblematic of what ails Sri Lanka as a whole and how the insatiable greed for money and power can often end in tragedy.

2 min  |

May 14, 2026

Daily FT

CSE ends in red, falls below 23,000 points

THE Colombo stock market closed in red yesterday with the benchmark index falling below 23,000 points.

1 min  |

May 14, 2026

Daily FT

Abans Finance launches maiden debenture issue listing on CSE

ABANS Finance PLC (Abans Finance) recently marked the official listing of its maiden 13,384,000 debentures on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor last Monday.

2 min  |

May 14, 2026