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A city priced beyond its people

Daily FT

|

January 26, 2026

COLOMBO today stands as a troubling symbol of Sri Lanka’s widening urban inequality.

Once a city defined by opportunity and social mobility, it has become one of the most expensive cities in the world for first-time home ownership. According to the latest reports, Colombo’s price-to-income ratio is among the highest globally. The median cost of an apartment compared to median family disposable income suggests it would take nearly 55 years of monthly income for an average household to own a home in the city. This figure exposes a housing market fundamentally detached from the realities of the people it is meant to serve.

WEITERE GESCHICHTEN VON Daily FT

Daily FT

UAE attracts $45 b FDI in 2025, up 50%

THE UAE attracted over $ 45 billion in foreign direct investment last year, up nearly 50% year-on-year, even as global FDI declined by 11%, said a senior official.

time to read

1 min

January 28, 2026

Daily FT

Daily FT

Behind the Scenes at CodeGen: Building Smarter, Safer Ways of Living

ARTIFICIAL

time to read

5 mins

January 28, 2026

Daily FT

ComBank secures $ 60 m IFC RSF to boost WSME, Agri SME lending

COMMERCIAL Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, on a $ 60 million Risk Sharing Facility (RSF) to significantly expand the bank's capacity for SME lending nationwide, with priority for women-led enterprises (WSMEs) and agribusinesses.

time to read

3 mins

January 28, 2026

Daily FT

Daily FT

Beyond BIA: Why Sri Lanka’s next tourism leap must take off from south

SRI Lanka has reached a historic milestone in its tourism revival, recording 2.36 million tourist arrivals-the highest in recent years.

time to read

2 mins

January 28, 2026

Daily FT

Tess Agro to issue Rs. 250 m unsecured debentures with warrants

TESS Agro PLC said its Board of Directors has resolved to issue and list unsecured debentures with attached warrants, subject to shareholder approval and regulatory clearance.

time to read

2 mins

January 28, 2026

Daily FT

Hemas secures Kenyan regulatory clearance for proposed acquisition

HEMAS Holdings PLC has received approval from the Competition Authority of Kenya for its proposed acquisition of a majority equity stake in a consumer products company based in Kenya.

time to read

1 min

January 28, 2026

Daily FT

Daily FT

ZILLIONE: Empowering Modern Enterprises Through Al Transformation

How a 46-Year IT Legacy is Shaping the Digital Future

time to read

3 mins

January 28, 2026

Daily FT

From stabilisation to strategy: How leading corporates are positioning for next phase of growth

John Keells Holdings' Gihan Cooray, Hemas Holdings' Sabrina Esufally, JAT Holdings' Nishal Ferdinando share strategy insights at First Capital Investor Symposium

time to read

5 mins

January 28, 2026

Daily FT

Daily FT

Strategies for Sri Lanka to recover post-Ditwah disaster

India as they were hovering around $380, whilst Vietnam was a mere $120 GDP per capita.

time to read

10 mins

January 28, 2026

Daily FT

National Corporate Director Awards tonight

THE Sri Lanka Institute of Directors (SLID), in partnership with the Association of Chartered Certified Accountants (ACCA), will host the inaugural SLID-ACCA National Corporate Director Awards 2025 today at 6.30 p.m. at the Oak Room, Cinnamon Grand Colombo.

time to read

1 min

January 28, 2026

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