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Don't fly me to the Moon again, Mr. Rocketman

Daily FT

|

August 16, 2025

THIS week was something special, celestially speaking. First there was the spectacular Perseid shower in the bewitching midnight watch and some hours after.

- Wijith DeChickera

Don't fly me to the Moon again, Mr. Rocketman

Then there was a scintillating conjunction of Jupiter and Venus in the early morning midweek days that followed. And now there is the ongoing spectacle of political shooting stars of the past and present disporting themselves as if they'd never heard of the principle of entropy. That all things must run down.

In every respect, it is a show-stopper for a citizenry starving for bread and circuses under the more austere regime than most we are blessed with at present.

Of course, the Perseids may have dazzled people all over the planet, as promised in the hype on social media. But here in Sri Lanka the meteorological outlook was predictably gloomy. Prospect: meteor showers. Reality: thunder showers. It was ever thus.

Rain a spoiler something rotten. And this time, it's not cricket.

Timelines past and present Back up a bit. For those of you who came in late... a JVP Leader of the House responding to a 'question' (pronounce it how you like) raised by those pesky SLPP types (who don't know when to call it quits) tells parliament that a satellite launched into space on Sri Lanka's behalf by China's Xichang Space Centre at a cost of US$ 300 million in 2012 no longer exists. Then the Premier clarifies' (interpret it how you like) the issue by claiming that not only does the spacefarer owned by Board of Investment company Supreme SAT Ltd. exist, but it also brought in annual revenues to the tune of Rs. 20 billion a year on average between 2015 and the first half of 2023.

WEITERE GESCHICHTEN VON Daily FT

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Zohran Mamdani sworn in as New York City Mayor, creating history

Mamdani, the US city’s first Muslim Mayor, is also youngest person to be inaugurated in generations

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January 02, 2026

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Ferentino Tyres redefines OEM tyre market in Sri Lanka with 75% value share

FERENTINO Tyres has emerged as the undisputed leader in Sri Lanka's Original Equipment Manufacturer (OEM) tyre market, commanding an extraordinary 75% value share, the company stated.

time to read

1 min

January 02, 2026

Daily FT

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First international jewellery fair for 2026 FACETS Sri Lanka opens tomorrow

SRI Lanka is set to welcome the global gem and jewellery fraternity tomorrow as FACETS Sri Lanka 2026, the country's flagship gem and jewellery exhibition, opens its doors at The Forum, Cinnamon Life at City of Dreams, Colombo.

time to read

1 mins

January 02, 2026

Daily FT

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Dollar posts worst annual fall in eight years, more weakness seen in 2026

THE dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve Chief opts for deeper interest rate cuts as anticifor deeper interest rate cu pated.

time to read

2 mins

January 02, 2026

Daily FT

PABC begins New Year defined by people, purpose, and courage to move

PAN Asia Bank yesterday marked the New Year with a moment of reflection, not on numbers alone, but on the deeper forces that shape progress over time.

time to read

1 mins

January 02, 2026

Daily FT

CEB seeks to recover Rs. 13 b from 11.7% tariff hike in 1Q

4,453 GWh net generation forecast for 1Q based on IMF GDP growth forecast of 3.1% and applied demand growth rate of 3.72% Ditwah damage to transmission towers, distribution lines and access roads adds to emergency repair and maintenance costs estimated at Rs. 20 b Rs. 5.8 b unrecovered revenue from delayed past tariff revisions and restoration of curtailed Return on Assets tighten cost recovery ahead of review by PUCSL

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January 02, 2026

Daily FT

Heshan Peiris joins Ceylinco Holdings’ Board

CEYLINCO Holdings PLC has appointed Heshan Peiris to its Board as an Independent NonExecutive Director.

time to read

1 min

January 02, 2026

Daily FT

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SLIC Life and SLIC General inaugurate business operations for 2026

SRI Lanka Insurance Corp. General inaugurates business operations for 2026

time to read

4 mins

January 02, 2026

Daily FT

SPAR Group, South Africa, pledges Rs. 35 m to 'Rebuilding Sri Lanka' Fund

SPAR Group, South Africa has pledged Rs. 35 million to the Rebuilding Sri Lanka Fund, reinforcing its support for nationwide recovery efforts following Cyclone Ditwah.

time to read

1 min

January 02, 2026

Daily FT

Ceylon Cold Stores wins top honour at Sri Lanka National Quality Awards 2023

CEYLON Cold Stores PLC (CCS) has achieved a major national milestone by being named the Winner Award recipient at the Sri Lanka National Quality Awards 2023, under the Large, Manufacturing Category.

time to read

2 mins

January 02, 2026

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