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Daily FT

Rs. 5 b Janashakthi IPO draws over Rs. 15 b in bids; heavy pro-rata cuts as demand tops 3x

JANASHAKTHI Ltd., (JXG) yesterday announced the basis of allotment for its Rs. 5 billion Initial Public Offering (IPO), which was oversubscribed by more than three times on its opening day on 9 April.

2 min  |

April 23, 2026

Daily FT

Treasury officially responds: Claims hackers behind theft of funds

Says disciplinary action taken against 'several' officials

1 min  |

April 23, 2026

Daily FT

Mideast war drives food, fuel and forex risks despite recovery: WFP

SRI Lanka's economic recovery is facing renewed pressure from the Middle East conflict, with rising fuel costs, disrupted supply chains, and potential shocks to remittances threatening to reverse gains in inflation and household welfare, according to the World Food Programme (WFP).

2 min  |

April 23, 2026
Daily FT

Daily FT

People's Bank donates Rs. 300 m to Rebuilding Sri Lanka Fund

Financial support for housing project for families affected by Cyclone Ditwah

1 min  |

April 23, 2026
Daily FT

Daily FT

Cargills Food City wins SLIM Kantar People's Supermarket Brand for fifth straight year

Cargills Food City has been named the People’s Supermarket Brand of the Year 2026 at the SLIM Kantar Awards, marking a fifth consecutive year of recognition.

1 min  |

April 23, 2026

Daily FT

EPF equity portfolio value up 27% to Rs. 188.9 b in 2025

Market value rises by over Rs. 40 b YoY

1 min  |

April 23, 2026

Daily FT

Sri Lanka schools rugby begins today with high-octane Week 1

THE Dialog Schools Under-19 Rugby League 2026 kicks off today, ushering in one of the most anticipated events in the Sri Lankan sporting calendar, second only to national cricket in spectator appeal.

2 min  |

April 23, 2026

Daily FT

Yields broadly steady on conflicting geopolitical developments

T-Bill auction fully subscribed

1 min  |

April 23, 2026
Daily FT

Daily FT

Are banks making profits at the cost of the economy

Sri Lanka's banking sector posted Rs. 539.2 billion in pre- tax profits in FY2025 — 1.65% of GDP — even as households pawned gold to survive. This investigation examines who bears the cost

10+ min  |

April 23, 2026
Daily FT

Daily FT

Food Studio opens Primo and Smashy at Arcade Independence Square

FOOD Studio has expanded its footprint with the opening of Primo and Smashy at Arcade Independence Square, marking an important step in the company’s growth strategy as it takes two of its strongest concepts beyond traditional mall spaces.

2 min  |

April 23, 2026

Daily FT

Lessons for financial sector from recent bank fraud

Internal controls, accountability and the real first line of defence

5 min  |

April 23, 2026
Daily FT

Daily FT

When marriages fall apart: No “Happily Ever After” in extramarital affairs

FOR her, it started as something harmless, just a casual chat, a friendly exchange that felt innocent enough.

2 min  |

April 23, 2026
Daily FT

Daily FT

EFC Industrial Relations Handbook

THE latest edition of the Handbook of Industrial Relations was recently released by the Employers’ Federation of Ceylon.

1 min  |

April 23, 2026
Daily FT

Daily FT

Chef Luo takes over Golden Dragon with a Chinese culinary extravaganza

A celebration of authentic Chinese flavours is set to take center stage at the Golden Dragon, as Taj Samudra, Colombo hosts a special culinary promotion featuring acclaimed guest chef, Chef Luo.

1 min  |

April 23, 2026
Daily FT

Daily FT

Why systems thinking is the next step for clinical governance in Sri Lanka

A child presents to a busy private clinic with persistent headaches.

3 min  |

April 23, 2026
Daily FT

Daily FT

Antyra Solutions secures Google Premier Partner status for third consecutive year

ANTYRA Solutions has once again been recognised as a Google Premier Partner in 2026, marking the third consecutive year the agency has achieved the distinction under Google's Partners program.

2 min  |

April 23, 2026
Daily FT

Daily FT

Sixth edition of Lanka Premier League on 10 July

THE Lanka Premier League (LPL) 2026 will be held from 10 July to 5 August, states a Sri Lanka Cricket (SLC) media release.

1 min  |

April 23, 2026
Daily FT

Daily FT

Are banks making profits at the cost of the economy?

Sri Lanka's banking sector posted Rs. 539.2 billion in pre-tax profits in FY2025 — 1.65% of GDP — even as households pawned gold to survive. This investigation examines who bears the cost

7 min  |

April 23, 2026

Daily FT

Expert panel to review and revive stalled housing projects

THE Cabinet of Ministers at their meeting on Monday approved the appointment of an expert committee to assess and revive thousands of stalled housing projects implemented under the National Housing Development Authority (NHDA).

1 min  |

April 23, 2026

Daily FT

Metal Factor names Yong Lye Peng Scholarship Winner

METAL Factor has named Sampath Karunaratne, Creative Director at MullenLowe Sri Lanka, as the recipient of the 2026 Yong Lye Peng Scholarship.

1 min  |

April 23, 2026

Daily FT

Jaswar outlines his plans

FORMER Royalist Jaswar Umar has outlined a clear and progressive vision for the future of the National Olympic Committee, focusing on transparency, athlete welfare, and stronger collaboration with National Federations.

1 min  |

April 23, 2026
Daily FT

Daily FT

Colombo Land appoints UDA Legal Director to Board

COLOMBO Land and Development Company PLC has appointed Dayani Kiriwattuduwa to its Board as a Non-Executive Director.

1 min  |

April 23, 2026

Daily FT

Cabinet appoints new committee to track Easter Sunday attack probe recommendations

THE Cabinet of Ministers on Monday approved the appointment of a fresh committee to oversee the implementation of recommendations made by previous probes into the Easter Sunday attacks.

1 min  |

April 23, 2026

Daily FT

Govt. to set up Industrial Transformation and Innovation Authority

THE Cabinet of Ministers has approved steps to draft legislation to establish a new apex body aimed at streamlining the country’s industrial and enterprise development framework.

1 min  |

April 23, 2026
Daily FT

Daily FT

CSE ends in green amid sharp foreign selling

THE Colombo stock market ended in green yesterday for the second day after a volatile trading session which saw sharp early gains followed by a steady decline amid heavy foreign investor selling.

1 min  |

April 23, 2026

Daily FT

Use two-thirds parliamentary majority judiciously

IN Sri Lanka, super majorities in Parliament rarely end with a positive outcome for the people or the country.

2 min  |

April 23, 2026
Daily FT

Daily FT

LG showcases innovation and growth strategy at LG InnoFest 2026 APAC

LG Electronics (LG) showcased its latest products and regionspecific solutions at LG InnoFest 2026 APAC, held in Busan, Korea, from April 7-10.

3 min  |

April 23, 2026

Daily FT

British Cosmetics in strategic partnership with Ethera Business for global expansion

BRITISH Cosmetics Ltd., a leading manufacturers of premium skincare, cosmetics, and personal care products, has entered into a strategic partnership with Ethera Business LLC to support a disciplined expansion into international markets.

1 min  |

April 23, 2026

Daily FT

Dialog and OREL partner to advance smart living

DIALOG Axiata PLC has announced a strategic partnership with OREL Corporation Ltd., bringing together complementary strengths in digital platforms and device innovation to enhance smart living experiences in Sri Lanka.

1 min  |

April 23, 2026
Daily FT

Daily FT

Yazu at the Beach: Where Pan-Asian flavours meet coastal energy

THERE'S a new kind of dining experience taking shape along Sri Lanka's southern coast and it arrives with a distinct sense of personality.

2 min  |

April 23, 2026