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Daily FT

Daily FT

Fault lines between Dollars and Dhamma

IN Sri Lanka, on a 24/7 basis the words of wisdom of Gautama Buddha are related in some place or another.

5 min  |

July 08, 2025

Daily FT

Pathfinder Foundation 'Dialogue with Diplomats' today to discuss energy independence and security

THE Pathfinder Foundation will today hold a half-day session at Courtyard by Marriott to discuss policy options and strategies that need to be adopted to achieve sovereignty and independence of energy using the country's abundant renewable energy resources, including hydro and solar energy.

1 min  |

July 08, 2025

Daily FT

Colombo HC issues summons on Keheliya over substandard drug imports case

THE Colombo High Court Special Trial-at-Bar has issued summons on former Health Minister Keheliya Rambukwella and 11 others to appear before Court on 11 July.

1 min  |

July 08, 2025
Daily FT

Daily FT

Hayleys Electronics unveils 2025 portfolio with new tagline: 'Trust Beyond a Warranty'

HAYLEYS Electronics Ltd. (HEL), a pioneer in engineering accessories and solutions in Sri Lanka for over 90 years, has officially unveiled its 2025 product portfolio, alongside a refreshed brand promise and the new tagline: 'Trust Beyond a Warranty'.

1 min  |

July 08, 2025

Daily FT

SLG July Ranking Tournament tees off today

SRI Lanka Golf organised July Ranking Tournament will tee off today (8 July) and continue till 11 July at the Victoria Golf Resort in Rajawella.

1 min  |

July 08, 2025

Daily FT

41 young shuttlers to represent Sri Lanka at Yonex Sunrise GP in Indonesia

A squad of 41 young shuttlers will represent Sri Lanka at the Yonex Sunrise Pembangunan Jaya Raya Junior International Grand Prix 2025, which will be held between 8 and 13 July at the Pembangunan Jaya Raya Badminton Training Centre in Bintaro, Jakarta, Indonesia.

1 min  |

July 08, 2025
Daily FT

Daily FT

Orient Insurance moves into new era

Opens unified workplace at JFI Towers to fuel growth, innovation and excellence

1 min  |

July 08, 2025
Daily FT

Daily FT

Taste worth celebrating

ON the chilly morning of 19th June, 2025 a group of friends and colleagues from media, grocery and hospitality industries and Dilmah gathered at Sydney iconic Opera House for a celebration. It was called the Future of Tea; it was worth celebrating as it marked 40 years since Dilmah Founder Merrill J. Fernando had offered tea picked, perfected, packed at source direct to his customers.

4 min  |

July 08, 2025

Daily FT

Colombo stock market begins new week on negative note

THE Colombo stock market began a new week on a negative note with relatively low investor activity.

2 min  |

July 08, 2025
Daily FT

Daily FT

Inside the Echo Temple: Moral binding and architecture of belief - Part 2A

From rebellion to ritual, the NPP now reverberates within its own sanctified walls. This essay investigates how moral certainty, tribal loyalty, and choreographed performance have displaced scrutiny — transforming a once reformist movement into a closed temple of affirmation, where questions perish and only echoes remain. Drawing on Jonathan Haidt's moral psychology, it explores how the architecture of belief within the National People's Power (NPP) has become a fortress of cognitive closure, where loyalty is virtue and dissent is sacrilege.

4 min  |

July 08, 2025

Daily FT

APTS and Craft Silicon set new benchmark for digital and AI banking in Sri Lanka's BFSI sector

IN a significant move poised to redefine Sri Lanka's financial sector, global fintech leader Craft Silicon and Sri Lankan ICT solutions provider Asia Pacific Technology Systems (APTS) have officially entered into an exclusive partnership agreement.

2 min  |

July 08, 2025

Daily FT

Accountability for Bond scam

THE reappointment of Shani Abeysekera as Director of the Criminal Investigations Department (CID) is a moment of hope to resolve many emblematic cases, including the infamous 'Bond Scam'.

2 min  |

July 08, 2025
Daily FT

Daily FT

EDB eyes pharmaceutical export boost through SLPMA partnership

THE Sri Lanka Export Development Board (EDB) and the Sri Lanka Pharmaceutical Manufacturers' Association (SLPMA) has recently held a constructive dialogue to chart a collaborative path for strengthening country's pharmaceutical manufacturing sector with an eye on export expansion and overcoming regulatory bottlenecks.

2 min  |

July 08, 2025

Daily FT

UNFPA Sri Lanka mourns demise of 'Champion of Rights and Development' Bradman Weerakoon

THE United Nations Population Fund (UNFPA) Sri Lanka yesterday said it is deeply saddened by the passing of Deshamanya Bradman Weerakoon, a revered public servant and unwavering advocate for human rights, gender equality, and people-centred development.

1 min  |

July 08, 2025
Daily FT

Daily FT

One-all and all to play for at Pallekele

SL v BD third and final ODI today

3 min  |

July 08, 2025

Daily FT

Illustrious civil servant Bradman Weerakoon no more

ILLUSTRIOUS civil servant Bradman Weerakoon yesterday passed away at the age of 95.

1 min  |

July 08, 2025
Daily FT

Daily FT

Strategic reform for local governance: Professional approach - Part 2

Leadership for modernisation: Practical action, not rhetoric

6 min  |

July 08, 2025

Daily FT

Jindal brushes past rivals in Dulux buy

THE Hindu Business Line: “He’s a tough negotiator,” observed the Dutch paint behemoth AkzoNobel NV global chief Greg Poux-Guillaume, in reference to heir to the JSW empire and JSW Paints Managing Director, 35-year-old Parth Jindal.

4 min  |

July 08, 2025

Daily FT

Tokyo Cement navigates competitive headwinds to post strong FY24/25 earnings

TOKYO Cement Group (Tokyo Cement) has reported a turnover of Rs. 12,960 million and a Profit After Tax (PAT) of Rs. 664 million for the fourth Quarter ending 31 March 2025, compared to a turnover of Rs. 13,145 million and a PAT of Rs. 722 million, in the same period last year.

2 min  |

July 08, 2025

Daily FT

HNB Leasing partners Senok to power commercial mobility with Eicher

HNB PLC has announced a new partnership with Senok Commercial Vehicles Ltd., the authorised distributor for Eicher vehicles in Sri Lanka, to provide flexible and accessible leasing solutions for customers looking to invest in reliable commercial transportation.

1 min  |

July 08, 2025
Daily FT

Daily FT

ICC announces Sanjog Gupta as new Chief Executive Officer

THE International Cricket Council has announced the appointment of Sanjog Gupta as their new Chief Executive Officer.

1 min  |

July 08, 2025

Daily FT

Fairfirst Insurance wins three awards

FAIRFIRST Insurance has once again reinforced its position as a leader in the general insurance industry, with its unwavering commitment to service excellence and innovation being recognised at the Global Banking & Finance Awards 2025.

1 min  |

July 08, 2025
Daily FT

Daily FT

Sri Lanka reboots Tourist VAT Refund Scheme to boost local purchases

THE Inland Revenue Department (IRD) last Friday officially revived its Tourist VAT Refund Scheme (TVRS) to incentivise visitor spending on local goods and encourage greater formal-sector activity in the retail trade.

1 min  |

July 07, 2025

Daily FT

Private sector borrowing picks up in May

PRIVATE sector borrowing picked up in May to Rs. 133 billion, resulting in the outstanding amount crossing the Rs. 8.6 trillion mark after a low demand in holidays-filled April.

1 min  |

July 07, 2025
Daily FT

Daily FT

Is Sri Lanka ready for the long road to sustained recovery?

IN my article “Is Sri Lanka’s recovery sustainable?” published in the Daily FT on 18 January 2024, I argued that Sri Lanka’s economy could rebound relatively quickly, despite the severe economic collapse and loss of market confidence in 2022.

10+ min  |

July 07, 2025
Daily FT

Daily FT

Govt. clarifies no new tax on e-commerce

TREASURY Secretary Dr. Harshana Suriyapperuma yesterday clarified that the Government has not imposed any new tax on e-commerce transactions, whilst expressing willingness to explore a 'de minimus' system, similar to that used in many countries.

3 min  |

July 07, 2025

Daily FT

Home Lands Group buys 1 acre land in Thummulla for record Rs. 4.5 b

Says deal at Rs. 29 m per perch is largest land transaction in Colombo

1 min  |

July 07, 2025

Daily FT

Sri Lanka hopeful of positive outcome amid US tariff deadline looms: Treasury Secy.

WITH just a couple of days remaining ahead of the crucial 9 July deadline to negotiate reciprocal tariffs adjustments, Sri Lanka is pinning its hopes on a posi- tive breakthrough which would not hamper its economic recovery efforts.

2 min  |

July 07, 2025

Daily FT

Softlogic taps global expertise; announces key new appointments

THE Softlogic Group, one of the largest conglomerates in the country, has announced the appointments of Kong Leong Chan as Adviser to Chairman Ashok Pathirage, Terry O’Connor OBE as Chief Executive Officer of Odel PLC and Strategic Adviser to Chairman on Retail Sector, and Sid Solanki as Chief Executive Officer — Leisure Sector and Group Asset Management.

3 min  |

July 07, 2025

Daily FT

Tourism earnings rise 10% YoY to $ 1.7 b in 1H

June tourism revenue grows 12% YoY to $ 169.5 m, but still second lowest this year

2 min  |

July 07, 2025