Newspaper
Daily FT
Delusion of fund raising: How a group of electrical engineers is starving power sector of investment
THE amendments to the Electricity Act No. 36 of 2024 will be debated in Parliament today (6 August) and will likely pass with a majority of votes, due to the NPP voting block. During the run-up to the parliamentary debate, the amendments, and its custodian, Pubudu Niroshan, the Director General of the Power Sector Reform Secretariat (PSRS), has managed to unify almost all the sector participants in opposition.
9 min |
August 06, 2025
Daily FT
CoPF eases outward investment rules, tightens SOE borrowing under new reforms
IN a bid to promote cross-border expansion of Sri Lankan enterprises, the Committee on Public Finance (CoPF) has approved updated guidelines on outward investments, raising investment thresholds and simplifying processes for local companies to venture overseas.
2 min |
August 05, 2025
Daily FT
Oh Rugby, thy Kingdom come to Kandy
IT'S official now that Kandy becomes the new reigning Kingdom of Schools Rugby in Sri Lanka, for the first time since 2013, when Dharmaraja College took the Crown to the Hills. Considering that it was a very young team that was groomed with exceptional rugby skills in attack and defence, way much more than what their natural physical capacity is intended for, Colombo should be warned that the Monarchy is not shifting down to Sea level any time soon, at least not as long as Fazil Marija is Head Coach.
7 min |
August 05, 2025
Daily FT
Parate execution will sound death knell to many construction companies
CHAMBER of Construction Industry of Sri Lanka Presently the banks are moving at an unprecedented pace to auction the properties mortgaged by construction companies as collaterals to raise funds for working capital, to buy equipment, to obtain required bonds and guarantees and also to meet expenditure when construction activities were in limbo.
2 min |
August 05, 2025
Daily FT
Sri Lanka open Asia Cup campaign against BD on 13 September
Two group matches at Abu Dhabi, one at Dubai
2 min |
August 05, 2025
Daily FT
Ranithma clinches All England Junior Championship title in dominant fashion
Extensively supported by McLarens, young Sri Lankan star shines in Birmingham
1 min |
August 05, 2025
Daily FT
Yields steady; activity zooms in on short end of curve
THE Secondary Bond market yesterday kicked off the week on a subdued note as yields were seen holding broadly steady while activity centred on the short end of the yield curve.
1 min |
August 05, 2025
Daily FT
Rent-A-Car Association of Sri Lanka welcomes new DMT facility at BIA for tourists
THE Rent-A-Car Association of Sri Lanka has welcomed the timely and progressive initiative by the Department of Motor Traffic (DMT) to open a dedicated office at the Bandaranaike International Airport (BIA) in Katunayake for the issuance of International Driving Permits (IDPs) to foreign nationals arriving in the country.
1 min |
August 05, 2025
Daily FT
SpaceX - Starlink appoints Singer as authorised retailer in Sri Lanka
US-BASED SpaceX has appointed Singer Sri Lanka, the nation's leading consumer electronics and home appliances retailer, as the authorised retailer of Starlink in Sri Lanka.
2 min |
August 05, 2025
Daily FT
With biggest markets at doorstep, Sri Lanka in a sweet spot: Kishore Mahbubani
ONE of Asia’s most widely known commentators and spokespeople, Prof. Kishore Mahbubani last week in Colombo said strategically located Sri Lanka is at a sweet spot to benefit from the world’s biggest markets at its doorstep, provided there are consistent policies, a collective effort, and smarter geopolitical scaling.
7 min |
August 05, 2025
Daily FT
Ceylon Chamber of Coconut Industries applauds Govt. for securing 20% US tariff rate
THE Ceylon Chamber of Coconut Industries in a statement extended its ‘sincere appreciation’ to President Anura Kumara Disanayake and the negotiating team for securing a reduced 20% reciprocal tariff from the US.
1 min |
August 05, 2025
Daily FT
ComBank’s Rs. 15 b Green Bond issue oversubscribed on opening day
THE Commercial Bank of Ceylon PLC yesterday announced that investors had demonstrated overwhelming support for its green lending aspirations by oversubscribing the bank’s Rs. 15 billion Green Bond issue on its opening day yesterday.
1 min |
August 05, 2025
Daily FT
Empire Teas to celebrate 25 years with global business partners
THIS August, tea export company Empire Teas will celebrate 25 years by inviting business partners from across the world for a heartfelt celebration in Sri Lanka. From 7-9 August, guests will enjoy a curated tea journey from behind-the-scenes tours to lush plantations and a grand Gala Dinner to honour the friendships that have powered the company’s success.
1 min |
August 05, 2025
Daily FT
C Rugby to kick off on 30 Aug.
THE much-looked forward eighth edition of the AGOAL-organised C Rugby Tournament will kick off at the CR & FC Ground in Longdon Place on 30 August.
1 min |
August 05, 2025
Daily FT
Dialog Enhances 5G Roaming, Now Covering 70 Countries and 150 Global Mobile Operators
DIALOG Axiata PLC, Sri Lanka’s #1 connectivity provider, has expanded its 5G roaming footprint to 70 countries in collaboration with 150 global mobile operators — reinforcing its commitment to delivering seamless mobile connectivity and high-speed data access for Sri Lankan travellers, whether flying for business or leisure.
1 min |
August 05, 2025
Daily FT
Softlogic and India's ATUL Auto to introduce new range of commercial vehicles in SL
DIVERSIFIED conglomerate Softlogic Holdings PLC said it has entered into a strategic partnership with ATUL Auto Limited, India's fastest-growing three-wheeler manufacturer, to introduce a new range of commercial vehicles to the Sri Lankan market.
2 min |
August 05, 2025
Daily FT
Trump tariff concessions advantageous but challenges formidable, warns Karu Jayasuriya
NMSJ Leader Karu Jayasuriya says Sri Lanka's manufacturing sector is one of least productive sectors Asserts manufacturing sector is beset by high electricity tariffs, too many holidays and strikes
1 min |
August 05, 2025
Daily FT
Sysco LABS supports Sri Lanka's inaugural BSides Cybersecurity Conference
SYSCO LABS was the Strategic Partner of 'BSides Sri Lanka 2025,' the country's first-ever community-driven cybersecurity conference.
1 min |
August 05, 2025
Daily FT
Commercial Insurance Brokers rebrands with new identity and logo
COMMERCIAL Insurance Brokers (CIBL), a fully owned subsidiary of Commercial Bank of Ceylon PLC, has unveiled a refreshed brand identity and a modernised logo that underscore its role as a trusted insurance intermediary in Sri Lanka for over three decades.
1 min |
August 05, 2025
Daily FT
FITIS launches roadmap for digital transformation in Sri Lanka
THE Federation of Information Technology (FITIS), the apex national body representing the IT industry in Sri Lanka, serving as a collective voice for the country’s key industry stakeholders held a media launch at the Organisation of Professional Associations (OPA) in Colombo with a gathering of high end media heads, announcing their strategic plan towards achieving the target set by the Government for $ 15 billion digital economy by 2030.
3 min |
August 05, 2025
Daily FT
Amana Bank completes 14 years of people-friendly and development focussed banking
AMANA Bank, Sri Lanka's first and only licensed commercial bank operating entirely under the non-interest-based Islamic banking model, marked 14 years of operations on 1 August 2025. Since opening its doors in 2011 with a limited branch network, the bank has grown significantly, today serving over 500,000 customers through a footprint of 68 customer touchpoints, including 33 branches and 35 self-banking centres.
3 min |
August 05, 2025
Daily FT
Over 300,000 students, more than a decade: Fairfirst celebrates landmark 560th road safety session in Matara
FAIRFIRST Insurance recently conducted a landmark road safety awareness program in Matara, reinforcing its longstanding commitment to promoting responsible road behaviour among schoolchildren and the public.
1 min |
August 05, 2025
Daily FT
HNB opens 24/7 branch at City of Dreams Sri Lanka
Opens a fully-fledged branch at City of Dreams Sri Lanka
2 min |
August 05, 2025
Daily FT
AliExpress, Temu e-commerce tax dispute resolved, officials tell CoPF
THE Committee on Public Finance (CoPF) has been informed that the recent issues surrounding the taxation of e-commerce goods have now been resolved.
1 min |
August 05, 2025
Daily FT
Swisstek Aluminium pledges to deliver Sri Lanka's most reliable solar mounting systems
SWISSTEK Aluminium pledges to assist Sri Lanka in turning its renewable energy goals for 2030 into reality with its cutting-edge solar mounting systems.
1 min |
August 05, 2025
Daily FT
U23 Emerging Club 2-Day Tournament commences today
26 dubs in four groups will compete in the Under 23 Emerging lub 2-Day Tournament which commences today with a card of 11 matches.
1 min |
August 05, 2025
Daily FT
DIMO and BOC partner to drive mobility and economic inclusion
DIMO has partnered with the Bank of Ceylon (BOC) to offer state-of-the-art leasing solutions for a wide range of vehicles, including Mercedes-Benz, Jeep, and Tata, within easier reach for all Sri Lankans.
1 min |
August 05, 2025
Daily FT
Professor Aminda Perera assumes duties as Chairman of SANASA Life Insurance
ON 17 July, Professor Aminda Perera officially assumed the role of Chairman of SANASA Life Insurance PLC, following a ceremony at the Head Office in Colombo.
2 min |
August 05, 2025
Daily FT
Pacers lead charge as India seal thriller at The Oval
A short but action-packed Day 5 at The Oval saw India claim the final four wickets, sealing a dramatic win to draw the series 2-2.
1 min |
August 05, 2025
Daily FT
Customs reform must confront dangerous concentration of power
UNDER Sri Lanka’s outdated Customs Ordinance, the Department of Customs holds unchecked power — acting as investigator, prosecutor, judge, and jury in its own cases.
1 min |