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Daily FT

Daily FT

Is global free trading paradoxical?

HISTORY tells us that the 2008 GFC was effectively managed with the coordinated effort and participation of nations and states. Would this be the current state of reviving world economy in the event of future GFCs, in particular the most vulnerable economies? The departure from collective support and drift towards national-centric mindset and geopolitics is becoming a major barrier in the future for global participation.

5 min  |

July 25, 2025
Daily FT

Daily FT

Overseas Realty records Rs. 4.7 b Profit Before Tax in 1H

OVERSEAS Realty (Ceylon) PLC said yesterday it has recorded a Group Revenue of Rs. 5,258 million and a Group Profit Before Tax of Rs. 4,676 million for the 6 months ending 30 June.

1 min  |

July 25, 2025
Daily FT

Daily FT

Multi-brand fashion destination UrbanTrendz makes bold comeback

AFTER a quiet period shaped by the pandemic, import restrictions, and Sri Lanka's economic downturn, UrbanTrendz is making a bold comeback.

2 min  |

July 25, 2025
Daily FT

Daily FT

APB leads dialogue on technology and cyber risk supervision shaping resilient digital future

THE accelerating pace of digital transformation has brought the financial services industry to a defining juncture, where the growing threat of cyber risk increasingly shadows the opportunities of technological advancement.

1 min  |

July 25, 2025
Daily FT

Daily FT

Link Natural continues to champion sustainability for greener Sri Lanka

LINK Natural Products, a subsidiary of CIC Holdings and a trusted name in Ayurvedic pharmaceutical, herbal healthcare, and herbal personal care products has continuously reaffirmed its deep commitment to the environment and to communities across the island through a multitude of sustainable initiatives over the years. These initiatives reflect the company’s belief that true sustainability stems from the empowerment of local farmers and preservation of the invaluable knowledge of indigenous medicinal plants, passed down through generations.

2 min  |

July 25, 2025
Daily FT

Daily FT

Colombo stock market gathers further momentum

THE Colombo stock market yesterday sustained its new found optimism amidst positive investor sentiments.

1 min  |

July 25, 2025

Daily FT

Breaking barriers through dialogue: Glimpse into interfaith mosque tour at Kollupitiya Jumma Mosque

ON Monday evening, 14 July, the Kollupitiya Jumma Mosque opened its doors for something truly special—a mosque tour designed just for media professionals. Organised by the Centre for Islamic Studies Harmony Center, along with the Muslim Women’s Research and Action Forum and supported by Diakonia, the event was all about connection and understanding.

3 min  |

July 25, 2025

Daily FT

B. Saroja Devi: Sweet voiced Kannada parrot was goddess of expression

TAMIL cinema fans like this writer who grew up on a diet of Tamil movies were deeply saddened when veteran South Indian actress B. Saroja Devi passed away some days ago on 14 July 2025. The octogenarian Saroja Devi after performing her daily 30-minute pooja in the mornings was seated on a sofa watching TV when she collapsed suddenly with a groan. The unconscious Saroja Devi was taken by ambulance to hospital where she was pronounced dead upon arrival. She was 87 years old.

10+ min  |

July 25, 2025

Daily FT

Sri Lanka Insurance Corporation General gets UL Aviation Insurance Policies, Aviation Insurance Services

THE Cabinet of Ministers at their meeting on Monday approved awarding the contract for Aviation Insurance Policies and Aviation Insurance Services of SriLankan Airlines Ltd., for Sri Lanka Insurance Corporation General Ltd.

1 min  |

July 25, 2025
Daily FT

Daily FT

Why risk management in equity clearing and settlement is critical for market stability

IN today's dynamic world of equity markets, every trade represents an agreement between two parties to exchange of cash and securities on a future date.

2 min  |

July 25, 2025

Daily FT

Fitch rates Commercial Bank's Basel III subordinated green bond final 'A'

FITCH Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated green bonds of up to Rs. 15 billion a final National Long-Term Rating of ‘A(lka)’.

1 min  |

July 25, 2025

Daily FT

Sri Lanka Economic and Investment Summit 2025 opens registrations

THE Ceylon Chamber of Commerce has announced that registrations are now open for the Sri Lanka Economic and Investment Summit 2025 (SLEIS), taking place on 2 and 3 December at the Shangri-La Colombo.

1 min  |

July 25, 2025
Daily FT

Daily FT

Applications open for NCP Awards 2025

Initiative to recognise sustainable industrial excellence

1 min  |

July 25, 2025

Daily FT

Biman Bangladesh Airlines gets UL's three-year Dhaka ground handling contract

DHAKA-BASED Biman Bangladesh Airlines Ltd., has won the contract to provide ground handling services (passenger, ground handling and cargo handling) to the national carrier—SriLankan Airlines in Dhaka International Airport for three years.

1 min  |

July 25, 2025
Daily FT

Daily FT

Nuwa arrives in Sri Lanka: New benchmark in ultra-luxury hospitality

An exclusive world of privileges

2 min  |

July 25, 2025
Daily FT

Daily FT

Citi Sri Lanka reaffirms purpose and impact on Global Community Day 2025

SRI Lanka joined thousands of Citi colleagues across the globe to mark the 20th anniversary of Global Community Day a milestone that reflects Citi's two-decade commitment to service and social impact.

1 min  |

July 25, 2025

Daily FT

Sri Lanka Embassy in Doha recovers over Rs. 83 m in compensation in 1H

THE Sri Lanka Embassy in Doha has successfully recovered a total of Rs. 83,159,234 from January to June 2025 as death compensation on behalf of the Next of Kin (NoK) of Sri Lankan nationals who had passed away in Qatar.

1 min  |

July 25, 2025
Daily FT

Daily FT

Crocodile Elite Club, rewarding loyalty with luxury

CROCODILE, a globally reputed lifestyle and fashion brand, invites all discerning customers to enhance their shopping experiences with its official loyalty platform, Crocodile Elite Club - Your Signature Loyalty.

1 min  |

July 25, 2025

Daily FT

Home Lands records highest sales done in a month in history

Achieves an impressive Rs. 7.4 b from 104 units in June 2025 Reaches Rs. 25 b in sales in the first half of 2025

1 min  |

July 25, 2025
Daily FT

Daily FT

SampathCards and Hilton Colombo collaborate to offer premium lifestyle privileges

SAMPATHCARDS has announced an exclusive partnership with Hilton Colombo, offering its premium cardholders the opportunity to indulge in a world of wellness, elegance, and convenience through a specially curated Hilton Sports Centre Membership plan.

1 min  |

July 25, 2025
Daily FT

Daily FT

Impact of emerging tech and AI on jobs: Are companies and workers ready?

AT the recent SLID-Huawei CXO Forum, I posed a question to the keynote speaker and panel: What is the real impact of AI on jobs? The panel unanimously acknowledged that Artificial Intelligence (AI) and other emerging technologies are rapidly reshaping industries, skills and workplaces—ushering in an era of unprecedented innovation, efficiency, and business transformation.

3 min  |

July 25, 2025
Daily FT

Daily FT

LOLC Finance unveils Super Saver Account with higher returns

LOLC Finance, Sri Lanka’s leading non-banking financial institution, has launched the LOLC Super Saver Account, a thoughtfully designed savings solution that offers the perfect balance between high returns and convenient access to funds.

2 min  |

July 25, 2025
Daily FT

Daily FT

Puritas marks 30 years of environmental engineering leadership

Transforming Sri Lanka's water and wastewater infrastructure to safeguard health and environment

3 min  |

July 25, 2025
Daily FT

Daily FT

Sri Lanka, Bhutan and Maldives showcase distinctive tourism attractions in Belgium

THE Embassies of Sri Lanka, Bhutan, and the Maldives jointly organised an event promoting their distinctive tourism attractions at the prestigious ‘Waranda Club’ in Brussels, Belgium, on 9 July.

1 min  |

July 25, 2025

Daily FT

Abans expands global lifestyle giant Miniso to Rajagiriya

ABANS PLC, the global lifestyle retail partner of Miniso, has taken the initiative to enhance its strategic partnership further, launching its latest showroom in Rajagiriya on 4 July at the Ground Floor at Onyx Towers.

1 min  |

July 25, 2025

Daily FT

Misguided obsession on manufacturing

“LET'S propel economic growth through manufacturing” — is a recurring theme around the globe.

3 min  |

July 25, 2025
Daily FT

Daily FT

Second four-day unofficial Test ends in tame draw - series drawn

AUSTRALIA 'A' skipper Jason Sangha recorded his highest firstclass score, finishing unbeaten on 202 at the Marrara Oval in Darwin yesterday.

1 min  |

July 24, 2025
Daily FT

Daily FT

Tea exports in 1H hit four-year high

Tea exports reach 126.8 Mnkg in 1H, marking 6% YoY growth June exports rise 11% YoY to 23 Mnkg, boosting overall 1H performance Export earnings reach $ 743 m, highest since 2014 FOB value up from $ 5.77 in 2024 to $ 5.87, driven by more value-added products Iraq emerges as top importer during 1H, Libya makes second place edging over Russia

1 min  |

July 24, 2025
Daily FT

Daily FT

Supreme Court rules 2022 emergency declaration by Ranil unconstitutional

THE Supreme Court has ruled that the State of Emergency declared in 2022 by then Acting President Ranil Wickremesinghe was unconstitutional and violated fundamental human rights.

1 min  |

July 24, 2025

Daily FT

T-Bill rates hold broadly steady following Monetary Policy announcement

Secondary Bond market activity remains subdued Rupee depreciates marginally

2 min  |

July 24, 2025