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Daily FT

Antyra Solutions wins two titles at 16th Web Excellence Awards

ANTYRA Solutions has been recognised as a winner at the 16th Web Excellence Awards, taking home two honours for its work on the Teardrop Hotels and Port City Colombo websites.

1 min  |

November 18, 2025
Daily FT

Daily FT

IFS partners Anthropic

Initiative announced at IFS Industrial X Unleashed in New York aimed at developing powerful industrial AI solutions New breed of IFS Nexus Black Industrial AI solutions, powered by Claude, helps frontline workers keep factory lines moving, restore power 40% faster after disasters, and maintain critical infrastructure assets Introduces “Resolve” to transform how critical industries operate with AI

3 min  |

November 18, 2025
Daily FT

Daily FT

Dismantling the case against decent wages in tea plantations

Partial histories, half-truths and unfulfilled prophecies

6 min  |

November 18, 2025
Daily FT

Daily FT

Embassy in Belgium hosts “Country seminar on Sri Lanka” in Luxembourg

SRI Lanka Embassy in Belgium, which is also accredited to Luxembourg, hosted a “Country Seminar on Sri Lanka” in collaboration with the Luxembourg Chamber of Commerce, on 30 October.

1 min  |

November 18, 2025

Daily FT

Panasian Power connects sixth 5MW solar plant to national grid

PANASIAN Power PLC (PAP) has connected its latest 5MW ground-mounted solar project at Uda Aparakke to the national grid, marking another step in its build-out of utility-scale renewable capacity.

1 min  |

November 18, 2025

Daily FT

SLT-Mobitel

The trial showcased 5G Advanced technologies such as Massive MIMO, 5CC carrier aggregation in C band and mmWave spectrum, setting a new standard for mobile connectivity in Sri Lanka.

1 min  |

November 18, 2025
Daily FT

Daily FT

EDB and SLIM sign MoU for Sri Lanka Expo 2026

THE Sri Lanka Export Development Board (EDB) and the Sri Lanka Institute of Marketing (SLIM) have recently signed a Memorandum of Understanding (MoU) at the EDB head office to collaborate on organising the Sri Lanka Expo 2026, a premier international trade and investment promotional event.

1 min  |

November 18, 2025
Daily FT

Daily FT

Janashakthi Life top performers rewarded with unforgettable experience in Bali

JANASHAKTHI Life, a subsidiary of JXG (Janashakthi Group), recently rewarded its high performers with an unforgettable experience in Bali, Indonesia.

1 min  |

November 18, 2025

Daily FT

Unlocking economic constraints thro Oil Palm cultivation

PLANTATION crops such as oil palm (Elaeis guineensis), tea (Camellia sinensis), rubber (Hevea brasiliensis) and coconut (Cocos nucifera) play an important role in global agriculture.

3 min  |

November 18, 2025

Daily FT

Sysco LABS wins Gold at SLIM Brand Excellence Awards 2025

SYSCO LABS, the global innovation centre for the US giant Sysco Corporation, has received the Gold Award in the “Export Brand of the Year” category at the SLIM Brand Excellence Awards 2025.

1 min  |

November 18, 2025

Daily FT

Argentina inflict second autumn loss for Scotland

SCOTLAND suffered a calamitous second-half collapse against Argentina, falling to two consecutive Autumn Nations losses that ask serious questions of Gregor Townsend's side.

1 min  |

November 18, 2025

Daily FT

Senthilverl ups stake in Serendib Land to 38.3%

SENTHILVERL Holdings has increased its stake in Serendib Land PLC to 38.3% with the purchase of 12.85% shareholding from Janashakthi Insurance PLC for nearly Rs. 77 million.

1 min  |

November 18, 2025
Daily FT

Daily FT

Sri Lanka launches GEW 2025 with national unity and entrepreneurial spirit

SRI Lanka last week officially launched Global Entrepreneurship Week (GEW) 2025 under the inspiring theme 'Together We Build,' commencing a nationwide celebration of innovation, inclusion, and economic empowerment.

2 min  |

November 18, 2025

Daily FT

SL must shift towards services-led exports: Hulangamuwa

SENIOR Adviser to the President on Economic Affairs and Finance Duminda Hulangamuwa said Sri Lanka should make a strategic pivot towards high-value service exports, citing deep-rooted structural constraints that limit the country's ability to scale up manufacturing exports despite decades of incentives and free trade agreements (FTAs).

1 min  |

November 17, 2025

Daily FT

October tourism earnings continue to lag far behind expectations

EARNINGS from tourism remained well below expectations despite welcoming a record number of visitors in October 2025, underscoring the sector’s struggle to convert rising arrivals into meaningful economic gains.

1 min  |

November 17, 2025

Daily FT

NDB to raise Rs. 16 b via GSS+ Bonds

NATIONAL Development Bank PLC (NDB) said its Board has approved a proposal to issue up to Rs. 16 billion in GSS+ Bonds.

1 min  |

November 17, 2025

Daily FT

Nations Trust Bank nine-month PAT up 23% to Rs. 14.9 b

Loan growth up 45% YoY to Rs. 131 b Net Stage 3 ratio of 1.03% Tier I capital at 18.90% Total Capital Adequacy Ratio at 20.03% Return on equity at 23.20%

2 min  |

November 17, 2025
Daily FT

Daily FT

War against polythene: Recycling is the best long run solution

War against Sili-Sili bags

9 min  |

November 17, 2025

Daily FT

SLT Group rings strong 3Q and nine-month results

Records Rs. 6.5 b PAT, heralding strong turnaround from 2024, Operating profit surges 64% YoY to Rs. 11.8 b, showcasing disciplined execution and sustained financial momentum, Finance cost down 21% YoY, highlighting prudent financial management At company level, PAT rises 238% YoY to Rs. 4.1 b, Mobitel delivers Rs. 1.7 b net profit

3 min  |

November 17, 2025
Daily FT

Daily FT

US-Sri Lanka defence ties strengthen via Montana State Partnership Program MoU

THE United States and Sri Lanka yesterday signed the Memorandum of Understanding (MoU) establishing the State Partnership Program (SPP) between Defence Ministry, the Montana National Guard and the US Coast Guard District 13.

1 min  |

November 17, 2025

Daily FT

Throwing good taxpayer money after bad

IN its first Budget, presented earlier this year, the NPP Government specified a payment of Rs. 20 billion to partially cover the debt of SriLankan Airlines. This came in for a lot of criticism.

3 min  |

November 17, 2025
Daily FT

Daily FT

First digital platform for smart and sustainable shrimp aquaculture debuts

Landmark initiative by FAO and Fisheries, Aquatic and Ocean Resources Ministry

2 min  |

November 17, 2025

Daily FT

SLT appoints A.N. Hapugala and Raghvendra Madhav to Board

SRI Lanka Telecom PLC (SLT) has announced the appointment of A.N. Hapugala as a NonNon-Executive Independent Director and Raghvendra Madhav as an Independent NonExecutive Director to its Board.

1 min  |

November 17, 2025
Daily FT

Daily FT

Sri Lanka named GCM Champion Country for leadership in migration governance

SRI Lanka has been officially recognised as a Global Compact for Migration (GCM) Champion Country, joining a select group of nations that demonstrate innovation and leadership in migration governance.

2 min  |

November 17, 2025
Daily FT

Daily FT

Aitken Spence continues strong performance; PBT up 42% in 1H

AITKEN Spence PLC has recorded a revenue of Rs. 40.7 billion for the six months ending 30 September 2025, reflecting operational resilience across its diversified businesses.

3 min  |

November 17, 2025
Daily FT

Daily FT

Sri Lanka must not rush to dismantle tariffs until forex stability secured – CUBA

Notes some industries overprotected for political reasons while others left to collapse Urges Govt. to introduce WTO-compliant non-tariff barriers, quality standards, licencing and safeguard clauses

2 min  |

November 17, 2025
Daily FT

Daily FT

Winning start for CR and Air Force

THE opening weekend of the Inter-Club Rugby League 2025/2026 got underway in thrilling fashion, with Air Force SC and CR & FC both securing convincing victories to make strong early statements.

1 min  |

November 17, 2025
Daily FT

Daily FT

Sri Lanka Shippers’ Council strengthens global cooperation at ASA and GSA Annual Meeting in Indonesia

THE Sri Lanka Shippers’ Council (SLSC) joined global trade leaders at the 2025 Annual Meeting of the Asian Shippers’ Alliance (ASA) and the Global Shippers’ Alliance (GSA) held in Bali, Indonesia.

2 min  |

November 17, 2025
Daily FT

Daily FT

Dominant Pakistan make 3-0 series sweep

PAKISTAN completed their third series sweep against Sri Lanka when they won the third and final ODI by six wickets to take the three-match series 3-0 at the Rawalpindi Cricket Stadium yesterday.

2 min  |

November 17, 2025
Daily FT

Daily FT

Removing trading activities from VAT and limiting SSCL only to non-VAT registrants

THE Value Added Tax (VAT) is imposed quarterly at the rate of 18% on four principal branches of business activity: manufacture, imports, trading (buying and selling), and services. Similarly, the Social Security Contribution Levy (SSCL) is also imposed quarterly at the rate of 2.5% on the very same branches of business.

6 min  |

November 17, 2025
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