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Daily FT

Govt. plans new incentives for agriculture, food and beverage sectors

PRESIDENT Anura Kumara Disanayake said that the Government aims to provide incentives, including tax concessions, to the agriculture and food and beverage industries to support export diversification and the development of value-added products, the President's Media Division (PMD) announced on Saturday.

1 min  |

September 01, 2025
Daily FT

Daily FT

External sector growing in strength

SRI Lanka's external sector remained robust in the first seven months of 2025, with the current account registering consistent monthly surpluses despite a widening of the merchandise trade deficit, according to the Central Bank of Sri Lanka (CBSL).

2 min  |

September 01, 2025
Daily FT

Daily FT

Cleantech breaks barriers in waste management: Honoured at first DEI Championship Awards

CLEANTECH Ltd., Sri Lanka's leading municipal waste management service provider and sustainability arm of the Abans Group, was recognised at the first-ever Diversity, Empowerment and Inclusivity (DEI) Championship Awards organised by the Ceylon Chamber of Commerce under the SCOPE Programme, co-financed by the European Union and the German Federal Foreign Office and implemented by GIZ Sri Lanka in partnership with the Ministry of Justice and National Integration.

2 min  |

September 01, 2025
Daily FT

Daily FT

China and India pledge to be 'partners not rivals'

THE leaders of China and India said yesterday there is now deepening trust between them after years of tension that includes a long-running border dispute.

1 min  |

September 01, 2025

Daily FT

Release of 'Economic and Social Statistics of Sri Lanka - 2025'

'ECONOMIC and Social Statistics of Sri Lanka - 2025, an annual release of socio-economic statistics of the Central Bank of Sri Lanka (CBSL), is now available for public access.

1 min  |

September 01, 2025
Daily FT

Daily FT

Wesley crowned Elite Under 18 Rugby 7s champions

WESLEY College produced a brilliant display of power and composure to clinch the All Island Elite Under 18 Rugby 7s 2025 title, defeating DS Senanayake College 19/12 in a thrilling Cup final at the Bogambara Stadium in Kandy yesterday.

1 min  |

September 01, 2025
Daily FT

Daily FT

Insurance regulator sees steady industry growth despite challenges

THE Insurance Regulatory Commission of Sri Lanka (IRCSL) says the insurance industry has demonstrated resilience from 2020 through early 2025, successfully navigating the economic challenges caused by the COVID-19 pandemic and the severe economic crisis of 2022.

5 min  |

September 01, 2025

Daily FT

Sri Lanka’s Colombo Consumer Price Index based inflation back in positive territory

HEADLINE inflation, as measured by the Colombo Consumer Price Index (CCPI), returned to positive territory in August 2025, recording 1.2% (YoY) (Figure 1).

7 min  |

September 01, 2025

Daily FT

President’s Fund recognises A-Level high-flyers in North Central Province

A ceremony to honour the top performers in the 2023/2024 G.C.E. Advanced Level (A-Level) examinations at the district level, sponsored by the President’s Fund, was held yesterday at the Anuradhapura Central College auditorium. The event was chaired by Speaker of Parliament Dr. Jagath Wickramaratne.

1 min  |

September 01, 2025
Daily FT

Daily FT

Indira Malwatte honoured at Sri Lankan Iconic Woman 2025 Awards

INDIRA Malwatte was honoured with the Sri Lankan Iconic Woman 2025 award at the Sri Lanka Broadcasting Corporation's centenary celebration, held at the Bandaranaike Memorial International Conference Hall (BMICH) on 29 August.

1 min  |

September 01, 2025
Daily FT

Daily FT

Secondary Bond market yields close higher

THE Secondary Bond market last week saw overall activity and transaction volumes at subdued levels. Sparse trades were observed on thin volumes focused on selected maturities. During the early part of the week, yields were seen holding broadly steady as the market consolidated. Market participants initially gravitated towards the sidelines, adopting a wait and see approach amid the absence of strong directional cues. However, at the tail-end of the week selling pressure kicked in and yields started to move up, following the period of stagnation.

2 min  |

September 01, 2025
Daily FT

Daily FT

Rule of law in taxation: Rights before revenue - Part 3

PARTS 1 and 2 of this article highlighted two fundamental rights of taxpayers: the Right to Know the Legal Basis for Taxation, and the Right to Know the Reasons for an Amended or Additional Assessment.

9 min  |

September 01, 2025

Daily FT

Awareness is the First Step to Protection

The month of September is also known as the 'Life Insurance Awareness Month'. SANASA Life Insurance is committed to ensuring that individuals as well as their families are provided protection by obtaining a policy. But how many are truly aware of the benefits a life insurance brings?

3 min  |

September 01, 2025
Daily FT

Daily FT

Redefining internal audit and strengthening AML compliance

AS Sri Lanka prepares for its upcoming Financial Action Task Force (FATF) review, the country’s ability to strengthen Anti-Money Laundering (AML) practices will have a direct bearing on its financial credibility and investor outlook. Meeting these expectations is a regulatory necessity and a national interest.

2 min  |

September 01, 2025

Daily FT

UN urges Sri Lanka to deliver truth, justice and reparations for disappeared persons

UN Resident Coordinator in Sri Lanka Marc-André Franche issues statement to mark International Day of the Victims of Enforced Disappearances Says recent mass grave stark reminder of scale of past grave human rights violations Calls for urgent credible, transparent and independent investigations

2 min  |

September 01, 2025
Daily FT

Daily FT

SLFFA holds 44th AGM: Paving the way for a future-ready logistics hub

THE Sri Lanka Freight Forwarders Association (SLFFA) held its 44th Annual General Meeting (AGM) on 26 August at the Cinnamon Grand, Oak Room, marking more than four decades of service to the nation's logistics and freight forwarding industry.

1 min  |

September 01, 2025
Daily FT

Daily FT

HNB Assurance amongst Sri Lanka's 10 Most Outstanding Women-Friendly Workplaces once again

HNB Assurance PLC (HNBA), one of Sri Lanka's leading life insurance providers, has once again been honoured as one of the nation's most outstanding women-friendly workplaces at the 2025 Satynmag Women Friendly Workplace Awards.

1 min  |

September 01, 2025

Daily FT

TMC Colombo to host 'Insights of Photography' with Ajithaa Edirimane

THE Management Club (TMC) Colombo is set to present 'Insights of Photography', an exclusive session under its “Members Speak” initiative, designed to explore the art and craft of photography.

1 min  |

September 01, 2025

Daily FT

The Role of Microinsurance in supporting vulnerable communities in Sri Lanka

Microinsurance is emerging as a vital tool for financial inclusion and tisk management in developing countries, including Sri Lanka.

4 min  |

September 01, 2025

Daily FT

AFC announces allotment for Rs. 2 b Social Bonds, proposes fresh Rs. 1 b High-Yield Bonds

Announces allotment basis for 64 applications received for Social Bond issue Total applications received worth nearly Rs. 2.5 b Four-year Bonds get applications worth Rs. 1.7 b; five-year Bonds Rs. 797 m 15 m Bonds slotted for preferential investors 100% allotment to investors who applied for 200,000 Bonds or less Announces separate proposal for Rs. 1 b High-Yield Bond issue

2 min  |

September 01, 2025
Daily FT

Daily FT

NSB Habaraduwa branch relocates

HAVING opened in 2010, the Habaraduwa branch of National Savings Bank (NSB), had delivered a supreme customer service during the past 15 years and with a view to offering a better banking experience to the customers of the area, the branch was ceremoniously reopened recently at a new location, at No: 122/B/1, Galle Road, Habaraduwa.

1 min  |

September 01, 2025

Daily FT

Cyber insurance is big business.

But modelling risk is still tough

5 min  |

September 01, 2025

Daily FT

US tariffs to slow both global economic and insurance premium growth

Swiss Re Institute says US tariffs affect global economic growth, which is forecast to slow to 2.3% in 2025, down from 2.8% in 2024

3 min  |

September 01, 2025

Daily FT

Areva Investments marks decade of excellence in corporate finance

AREVA Investments Ltd., will celebrate its 10th anniversary on 18 September, marking a decade of service in corporate finance and investment banking services.

2 min  |

September 01, 2025

Daily FT

Free program prepares 200 students for careers in Digital Finance

Finnovation Lab 2025 launches as Sri Lanka's flagship FinTech education initiative, offering fully-funded training and career development pathways to university students

2 min  |

September 01, 2025
Daily FT

Daily FT

Mahindra launches XUV 3XO in Sri Lanka

35 features including six airbags, ESP and all-wheel disc braking across the range as standard 20 additional safety features including Level 2 ADAS in AX7L variant Turbo petrol engine with 82kW (110 hp) Power, 200Nm Torque offering a dynamic acceleration of 0-60km/h in just 4.6 seconds Panoramic Skyroof and Harman Kardon Speakers as Premium Features in AX7L variant

3 min  |

September 01, 2025

Daily FT

Charting progress: CASA's impact on crewing in Sri Lanka

From hidden potential to national priority: How Sri Lanka plans to triple its seafarer workforce and create a $ 1.5 b maritime industry

4 min  |

September 01, 2025

Daily FT

Amãna Bank partners ENRICH MSME Business Forum in Kandy

AMÃNA Bank partnered with the Chamber of Commerce and Industry Central Province to successfully host the ENRICH MSME Business Forum in commemoration of World MSME Day.

2 min  |

September 01, 2025

Daily FT

Judiciary's 'trivial offences' problem

THE arrest of former President Ranil Wickremesinghe last week triggered a wave of local and international commentary, with some voices suggesting that he had been apprehended for a “trivial offence.”

2 min  |

September 01, 2025
Daily FT

Daily FT

Global air cargo demand up 5.5% in July

A fifth of air cargo travels on the Europe-Asia trade lane, which marked 29 months of consecutive expansion with 13.5% year-on-year growth in July

2 min  |

September 01, 2025