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Daily FT

Daily FT

Sri Lanka's political crossroads: The arrest of Ranil Wickremesinghe and its implications

THE arrest of former President Ranil Wickremesinghe is arguably one of the most seismic disruptions to Sri Lankan politics in recent history. It has placed the Government, the opposition, and the broader political system under the spotlight, testing the credibility of the NPP administration’s anti-corruption drive while simultaneously challenging norms that have enjoyed a high threshold of tolerance within our society. The heated public debate generated by the incident reflects the sharp divides amongst Sri Lankans about whether this moment represents a turning point toward accountability or a slide to a more dangerous brand of political victimisation.

5 min  |

August 26, 2025
Daily FT

Daily FT

CEO Lakmal Jayarathne appointed to Board of M Power Capital Securities

M Power Capital Securities Ltd., (MSEC) has announced the appointment of its Chief Executive Officer Lakmal Jayarathne to the Board of Directors.

1 min  |

August 26, 2025

Daily FT

AIA Sri Lanka drives financial literacy with AIA Pension Calculator

AIA Sri Lanka recently announced an exciting giveaway, with the objective of empowering Sri Lankans to take control of their financial future.

1 min  |

August 26, 2025
Daily FT

Daily FT

From warning to wake-up call: Elephants now drive 40% of Sri Lanka's tourism economy

IN November 2020, we argued in this paper that “a cut tree, a dead elephant, is a lost tourism dollar in the future.” At the time, we estimated the lifetime value of a wild elephant at $ 11 million and warned that deforestation, human-elephant conflict, and shortsighted planning were dismantling the very assets Sri Lanka most needed to attract high-value travellers.

4 min  |

August 26, 2025
Daily FT

Daily FT

Clash of the Origins 2nd edition on 13 September: A celebration of rugby and legacy

IN just three weeks, the highly anticipated second edition of the Clash of the Origins will take place, promising an exhilarating experience.

1 min  |

August 26, 2025

Daily FT

SLIM National Sales Awards 2025 receives over 1,200 submissions

THE Sri Lanka Institute of Marketing (SLIM), the apex body for marketing in Sri Lanka, has announced the successful closure of entries for the SLIM National Sales Awards (NSA) 2025.

1 min  |

August 26, 2025
Daily FT

Daily FT

How private is a “private” visit?

THE arrest and remand of a former President Ranil Wickremesinghe on allegations that public funds were misused to pay for a stop in London connected to a university event involving his spouse has sparked fierce public debate. At the time of compiling this report the issue has gone far beyond Colombo. This is evident from the statements coming from many individuals outside of Sri Lanka. At stake is a universal question: what does “private” really mean when it comes to the travel of national leaders, and who should bear the costs when personal and official obligations overlap?

5 min  |

August 26, 2025
Daily FT

Daily FT

Why economic inequality matters for development

DOES economic inequality matter for development? That's a question we discussed at a recent event with international experts and practitioners. Among them was our Chief Economist Indermit Gill, who responded: \"How can it not? If you look at the aspects of inequality—you can talk about the inequality of opportunity, of income, of wealth, and of power—it matters a lot. It can really hurt development, if it's too high or unmanageable. But then, the real question is, what do you do about it? And is the cure often worse than the disease?

3 min  |

August 26, 2025

Daily FT

Commercial Credit and Finance secures first place in K Seeds Investments’ ranking report

K Seeds Investments has identified Commercial Credit and Finance PLC as the best performing Finance Company under the 1st category among the 28 listed Finance Companies in Sri Lanka through a ranking carried out based on their financial performance for the first quarter of 2025/26.

2 min  |

August 26, 2025
Daily FT

Daily FT

HNB Assurance crowned Best Life Insurance Company by Global Brands magazine

HNB Assurance PLC, has been recognised as the Best Life Insurance Company - Sri Lanka 2024 by Global Brands magazine, UK.

1 min  |

August 26, 2025

Daily FT

Exporters' Association of Sri Lanka holds 28th AGM

THE Exporters' Association of Sri Lanka (EASL) held its 28th Annual General Meeting with European Union to Sri Lanka and the Maldives Ambassador Carmen Moreno as Chief Guest.

1 min  |

August 26, 2025

Daily FT

Cavaliers beat MCA Veterans by 17 runs to keep Tyrone de Silva Trophy

A solid half century by Carman Mapatuna (54 runs in 42 balls, inclusive of 04 sixes & 02 fours) and a fine spell of right arm, leg spin bowling by Selvin Perera (05 overs, 31 runs, 04 wickets) steered Lanka Cavaliers led by Mahesh Wijeyanayake to a convincing 17 runs win over MCA Committee Veterans, as they retained the “Tyrone de Silva” Challenge Trophy, in their 20th White ball / Coloured clothing 25 over encounter 2025, concluded on Sunday, 24 August at the MCA Grounds.

1 min  |

August 26, 2025

Daily FT

President's Fund to expand assistance for differently-abled persons

THE President's Fund will expand assistance programs for differently-abled persons, the Presidential Secretariat said last Friday.

1 min  |

August 26, 2025

Daily FT

NCE strengthens regional trade ties with India through strategic partnership

Inks MoU with Federation of Indian Export Organisations ■Planning business delegation to India Says Indo-Lanka FTA facilitates greater trade volumes, encourages cross-border investments

2 min  |

August 26, 2025

Daily FT

Majority of CFOs believe Al agents will drive revenue and transform existing organisational structures: Salesforce Research

CFOs recognise that Al has evolved from an emerging technology to a strategic tool, with only 3% of APAC CFOs still conservative in their Al strategy, down drastically from 63% five years ago

2 min  |

August 26, 2025

Daily FT

Kumar Danushan and Kaya Daluwatte win Club Championship

TWO stunning junior golfers Kumar Danushan (Gents) and Kaya Daluwatte (Ladies) won the 104th Royal Colombo Golf Club (RCGC), Club Championship which concluded in grand style at their club course last weekend.

1 min  |

August 26, 2025
Daily FT

Daily FT

Prime Group makes history with Sri Lanka's first luxury real estate client experience initiative 'Prime Premier'

First-of-its-kind premium initiative revolutionises real estate industry in Sri Lanka

1 min  |

August 26, 2025

Daily FT

Distilleries declares Rs. 4.6 b third interim dividend

Third interim dividend at Rs. 1 per share, ex-dividend date 2 Sept.

1 min  |

August 26, 2025
Daily FT

Daily FT

Secondary Bond market yields hold steady; activity subdued

Rupee depreciates

1 min  |

August 26, 2025
Daily FT

Daily FT

New chapter for EO Sri Lanka as 2025-2026 Board takes lead

IN a vibrant ceremony held on 19 July, the Entrepreneurs' Organisation (EO) Sri Lanka celebrated the official induction of its 2025-2026 Board.

2 min  |

August 26, 2025

Daily FT

NRT tees off in hill country today

NATIONAL Ranking Tournament (NRT) for August tees off today at the scenic Nuwara Eliya Golf Club.

1 min  |

August 26, 2025

Daily FT

Launch of 'Essentials of Modern Marketing' Sri Lanka edition celebrates local brands

Sri Lanka becomes first nation in Kotler EOMM series to have book dedicated solely to local brands Over 20 local brands featured as successful case studies in EOMM Sri Lanka edition Indonesia welcomes investment opportunities, projected to become one of top five global economies by 2045 Kotler Awards and new Business School to launch soon, offering qualifications and recognition for students and professionals Sinhala and Tamil editions of EOMM expected to be launched by Jan. 2026 Citing IMF's declaration of Sri Lanka as fastest to recover, Kotler Impact National Representative for Sri Lanka and Maldives Denzil Perera says nation has the resilience to take its brands global First copies of EOMM presented to 22 featured brands as token of appreciation

6 min  |

August 26, 2025
Daily FT

Daily FT

"BOC is more than a bank; it is a national partner in progress"

FOLLOWING is an exclusive interview with the inspiring pracademic—Sabaragamuwa University of Sri Lanka Professor in Finance, Sri Lanka and Institute of Marketing (SLIM) President Prof. Dewasiri N. Jayantha. With a remarkable career that bridges the worlds of industry and academia, Prof. Dewasiri is a shining example of how resilience, practical experience, and a lifelong commitment to learning can shape a transformative journey.

5 min  |

August 26, 2025

Daily FT

End of PTA?

THE announcement by Foreign Minister Vijitha Herath in Parliament recently that the Government will repeal the Prevention of Terrorism Act (PTA) is a welcome, though long overdue, development.

2 min  |

August 26, 2025

Daily FT

Rain denies table leaders Nugegoda SWC full points

GROUP A table leaders Nugegoda SWC were denied full points in the ongoing SLC Under-23 inter-club 2-day tournament when rain prevented them from beating United Southern SC outright in their match played at the Saliyapura Army grounds, Anuradhapura yesterday.

1 min  |

August 26, 2025
Daily FT

Daily FT

Prime Minister says Govt. remains committed to human rights, fostering harmony

PRIME Minister Dr. Harini Amarasuriya told Parliament last week that the Government remains committed to upholding human rights and deliberately avoids narratives that foster division, hatred, or violence.

1 min  |

August 26, 2025

Daily FT

Siyapatha Finance opens branch at Mahiyanganaya

SIYAPATHA Finance PLC recently expanded its holistic services to the ancient agricultural hub of Mahiyanganaya, progressing onto the successful opening of its 56th branch.

1 min  |

August 26, 2025
Daily FT

Daily FT

Hayleys crowned champions at spectacular Standard Chartered Cup 2025

THE Standard Chartered Cup 2025, a premier corporate 5-a-side Futsal tournament, organised by Standard Chartered Sri Lanka, concluded recently at the Racecourse Grounds, Colombo.

1 min  |

August 26, 2025
Daily FT

Daily FT

New IGP calls on Defence Secretary

NEWLY appointed Inspector General of Police (IGP) Priyantha Weerasooriya yesterday paid a courtesy call on Defence Secretary Air Vice Marshal (Retd.) Sampath Thuyacontha at the Defence Ministry

1 min  |

August 26, 2025
Daily FT

Daily FT

CFEP: ‘Think-tank' of the young, by the young but for all of us

RECENTLY, I had the opportunity to witness the formalisation of a new ‘think-tank’ in Colombo by some interested young people to undertake economic policy analysis.

9 min  |

August 25, 2025