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Daily FT

Direction of SOEs

STATE-OWNED Enterprises (SOE) have posted overall profits amounting to Rs. 227.8 billion during the first half of this year, representing a decline from Rs. 280.7 billion a year earlier, according to the Mid-Year Fiscal Position Report 2025. The latest disclosure is contradictory to the impression the Government and some of its ministers have been trying to convey that SOEs are generating higher profits than in the past.

2 min  |

November 07, 2025
Daily FT

Daily FT

Flexiprint crowned with Silver at CNCI Achiever Awards 2025

FLEXIPRINT Ltd., manufacturer and marketer of teabags and tags including pyramid tea bags for one of the most flamboyant and demanding industries in the world, was crowned with the prestigious Silver award for the Extra-Large Category - National Level Manufacturing Sector at the Achiever's Awards Ceremony 2025 organised by the Ceylon National Chamber of Industries (CNCI) in collaboration with the Industries Ministry.

1 min  |

November 07, 2025

Daily FT

CSE sets new benchmark; ASPI closes above 23,000 points

COLOMBO stock market closed yesterday with the benchmark index reaching an all-time high.

1 min  |

November 07, 2025

Daily FT

Presidential Environmental Awards - 2025

For you, the guardian of the Earth’s safety

3 min  |

November 07, 2025

Daily FT

Sri Lanka's Northern Gateway:...

The combined Northern and Eastern economic contribution is stagnant, not keeping pace with national growth.

3 min  |

November 07, 2025
Daily FT

Daily FT

Akbar Brothers Honoured with Presidential Environmental Award for Leading Sri Lanka's Sustainable Tea Revolution

Akbar Brothers (Pvt) Ltd, Sri Lanka's largest tea exporter for more than three decades, has been recognised with the Silver Award at the Presidential Environmental Awards 2025, underscoring its leadership in responsible manufacturing and its deep commitment to sustainable business practices.

2 min  |

November 07, 2025
Daily FT

Daily FT

Govt. moves to enact PPP framework in Q1 next year

@ NAPPP CEO Dr. Sulakshana Jayawardena says Govt. aims to enact PPP Act by January 2026 @ Notes Screening and Scoring Tool to evaluate PPP projects expected to be ready by end of Q1 @ States Investment Protection Act being drafted; hopes to have Cabinet approval and law in place by Q1

2 min  |

November 07, 2025
Daily FT

Daily FT

Beyond beautiful: Cosmic by Citrus redefines luxury events and evening escapes

■ Experience the pinnacle of elegance and sophistication in every moment

1 min  |

November 07, 2025
Daily FT

Daily FT

Can SMEs boost exports and foreign reserves into the stratosphere through sharper policy?

THE question isn’t as absurd or as dramatic as it sounds. In fact, in the light of looming deadlines for Sri Lanka to start servicing its international debt in its own strength again, soon — 2028/9 isn’t a million light years away after all — it is quite pertinent and urgent.

6 min  |

November 07, 2025

Daily FT

Amaya Resorts & Spas ushers in festive season with cake mixing celebrations across properties

THE spirit of Christmas swept across Sri Lanka as Amaya Resorts & Spas, one of the island's most preferred hospitality brands, hosted its annual cake mixing ceremonies.

1 min  |

November 07, 2025
Daily FT

Daily FT

The Morning Fix with Dom and Asanka, Sri Lanka's longest-running English radio duo marks 10 years

RENOWNED for their unmatched chemistry, sharp wit and unapologetic authenticity, Dom and Asanka have spent the past decade redefining morning radio for a new generation. What began as a bold experiment has become a cultural institution — from their now-legendary 'Driving Under the Influence' live broadcast from a moving car, to spontaneous social experiments, fearless debates, and conversations that push audiences to think beyond headlines.

1 min  |

November 07, 2025
Daily FT

Daily FT

Artist and his vision

Brushes with Nature - Wildlife Art by Gamini Ratnavira kicks off at Harold Peiris Lionel Wendt Art Gallery, Colombo 7

1 min  |

November 07, 2025

Daily FT

Uber One and Scope Cinemas team up to elevate movie-going experience in Sri Lanka

UBER One, the premium membership program for Uber and Uber Eats, has joined hands with Scope Cinemas to deliver exclusive perks for moviegoers. This partnership brings together everyday favourites food and films to offer members more value and a more seamless entertainment experience.

1 min  |

November 07, 2025

Daily FT

Lalith Withana joins Hunters & Co. Board

HUNTERS and Company PLC has appointed Lalith Withana to its Board as a Non-Executive Independent Director.

1 min  |

November 07, 2025

Daily FT

LOLC Al-Falaah honoured ‘NBFI of the Decade’ at IFFSA 2025

LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, was once again in the spotlight at the 10th Islamic Finance Forum of South Asia (IFFSA) Awards, held on 25 September at the Shangri-La Hotel, Colombo.

2 min  |

November 07, 2025
Daily FT

Daily FT

Best Western Elyon Colombo kicks off festive season

Unveils “7 Days of Holiday Harmony at BW” offering

1 min  |

November 07, 2025
Daily FT

Daily FT

One Galle Face celebrates sixth anniversary with world-class shopping and entertainment experiences

ONE Galle Face, the leading shopping complex in Sri Lanka, is continuing to deliver unparalleled family, shopping, dining and entertainment experiences as it celebrates its 6th anniversary in November.

1 min  |

November 07, 2025

Daily FT

RDB Bank announces appointment of new Board of Directors to lead future growth

RDB Bank has announced the appointment of its new Board of Directors, effective from 22 October 2025. The newly appointed Board brings together a team of experienced professionals with diverse expertise in finance, development, governance, and management to guide the bank towards achieving its strategic vision of empowering entrepreneurs and financial inclusion.

1 min  |

November 07, 2025

Daily FT

Esshva recognised at NBQSA 2025

ESSHVA, a global technology company delivering enterprise software solutions to clients across diverse industries, won two major awards at the National Best Quality ICT Awards (NBQSA) 2025 for its outstanding and innovative technology solutions.

1 min  |

November 07, 2025
Daily FT

Daily FT

Fourth round of Sri Lanka-Bangladesh Foreign Office Consultations concludes

THE fourth round of Foreign Office Consultations between Sri Lanka and Bangladesh, led by the Foreign Secretaries of the two countries, successfully concluded in Colombo yesterday.

3 min  |

November 07, 2025
Daily FT

Daily FT

Markspen introduces grain cooling system to Sri Lanka

Innovative German agritech device to reduce post- harvest losses and provide greater economic benefits to local rice and grain farmers

2 min  |

November 06, 2025
Daily FT

Daily FT

JKH posts strong Q2; points to better 2H

TOP blue chip John Keells Holdings PLC (JKH) has reported a strong second quarter and signalled a far better second half, defying critics and pessimists.

4 min  |

November 06, 2025

Daily FT

Mixed bag in Oct. for national sales average of tea

NATIONAL Sales Average (NSA) of tea for October has declined Month-on-Month (MoM) though reflecting an increase Year-on-Year (YoY), according to Forbes and Walker Ltd.

1 min  |

November 06, 2025
Daily FT

Daily FT

54th Ritzbury Sir John Tarbat Junior Athletic Championship concludes

THE 54th Ritzbury Sir John Tarbat Junior Athletic Championship 2025 came to an exciting close on 3 November at the Mahaweli Ground Embilipitiya, after three days of spirited competition featuring over 5,500 Junior athletes from schools around the island.

1 min  |

November 06, 2025

Daily FT

Top expert flags overlapping mandates, legal confusion in Sri Lanka's PPP framework

Says SL will end up in a 'fruit salad situation' as potential clash looms between Public Finance Management Act, upcoming PPP Act and NPC powers with four entities—Finance Ministry, PIC, NAPPP, NPC claiming overlapping oversight

3 min  |

November 06, 2025
Daily FT

Daily FT

NDB delivers exceptional 65% growth in post-tax profit during nine months

NATIONAL Development Bank PLC (NDB) said it has delivered impressive profitability growth backed by sound core banking operational growth in the first nine months of 2025.

4 min  |

November 06, 2025
Daily FT

Daily FT

Sri Lankan delegation strengthens trade and sector partnerships on Canada mission

A delegation of Sri Lankan businesses, is in Canada from 3 to 8 November 2025, exploring opportunities in investment and partnerships in education, agriculture, information technology and tourism.

1 min  |

November 06, 2025

Daily FT

Govt. allocates Rs. 1 b for new framework to fund commercialisation of research and innovation

Presidential Secretariat establishes new R&D Commercialisation Unit to evaluate and convert researchbased projects into viable commercial ventures Cabinet Spokesman Minister Dr. Nalinda Jayastissa says Rs. 2.2 b in applications received from local researchers and entrepreneurs seeking support under new initiative Notes structured evaluation system introduced, assessing projects for technical, administrative, economic, social and environmental impact

1 min  |

November 06, 2025

Daily FT

$ 30 m IFC loan to support sustainable energy project

THE Cabinet of Ministers has approved entering into a loan agreement to secure a $ 30 million loan from the International Finance Corporation (IFC) of the World Bank Group to finance the country’s Secure, Bearable and Sustainable Energy Project.

1 min  |

November 06, 2025

Daily FT

CPC profit dips 17.9% in 1H 2025 as turnover falls on lower global oil prices

Reduces Iran debt with tea for oil barter

1 min  |

November 06, 2025
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