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Daily FT

Daily FT

Hayleys Electronics opens smart hub in Nugegoda to drive energy and engineering services

HAYLEYS Electronics Ltd., (HEL), part of the Projects and Engineering Sector of Hayleys PLC and a pioneer in engineering accessories and services in Sri Lanka for over 90 years, has unveiled a purpose-built flagship centre at No. 311, High Level Road, Gangodawila, Nugegoda.

1 min  |

July 29, 2025

Daily FT

Resolute India battle out draw in Manchester

DESPITE trailing by 311 heading into the second innings, India managed to secure a draw, courtesy a stellar batting stand between Ravindra Jadeja and Washington Sundar on the last day.

1 min  |

July 29, 2025

Daily FT

RCGC wins Burdett Trophy 2025 beating NEGC

THE Royal Colombo Golf Club (RCGC) stamped their authority with a total score of 7.5 to Nuwara Eliya Golf Club’s (NEGC) 4.5 at the 122nd Burdett Trophy 2025.

1 min  |

July 29, 2025

Daily FT

Former Navy Commander Nishantha Ulugetenne remanded

FORMER Sri Lanka Navy (SLN) Commander Admiral (Retd.) Nishantha Ulugetenne, who was arrested yesterday by the Criminal Investigation Department (CID), has been remanded.

1 min  |

July 29, 2025

Daily FT

Red warrant obtained against Royal Park convict: AG

THE Attorney General (AG) informed the Supreme Court on Sunday that authorities have obtained a red warrant for the arrest of Jude Shramantha Jayamaha, who was sentenced to death in connection with the Royal Park murder case.

1 min  |

July 29, 2025
Daily FT

Daily FT

CSE begins new week on positive note

THE Colombo stack market yesterday began afresh week ona positive note, with improved investor activity.

1 min  |

July 29, 2025

Daily FT

People's Bank CEO/GM Challenge T20 League Tournament successfully concluded in Batticaloa

PEOPLE'S Bank Chief Executive Officer/General Manager Challenge T20 League Tournament 2025 was successfully held at the Koddaimunai Sports Village in Batticaloa, bringing together staff members from across the country in a spirited display of sportsmanship and team unity.

1 min  |

July 29, 2025

Daily FT

Nippon Paint launches new Aqua Proof 7 in 1

WITH the rainy season just around the corner, Nippon Paint Lanka is helping homeowners stay one step ahead of leaks and moisture damage with the launch of its upgraded Aqua Proof 7 in 1 — a high-performance waterproof paint that protects walls and keeps home looking fresh, clean, and beautiful.

1 min  |

July 29, 2025

Daily FT

KPN Cement Lanka introduces ground-breaking Japanese Fly Ash Cement to Sri Lanka

IN a landmark collaboration, KPN Cement Lanka, in partnership with Taiheiyo Cement Corporation Japan—a global leader in innovative cement technologies— announced the launch of Sri Lanka’s first Japanese Fly Ash Cement.

1 min  |

July 29, 2025

Daily FT

First Capital forecasts apparel sector may lose $110-290 m from US tariffs

Warns employment rate could reduce by 11% in apparel sector

1 min  |

July 28, 2025
Daily FT

Daily FT

Tourist arrivals top 1.3 m, but July set to miss monthly goal

YTD arrivals up 4% YoY, but to meet 3 m year-end target, over 1.68 m tourists needed averaging 281,000 monthly. July arrivals lag behind projections, with 145,188 tourists in first 23 days vs. 277,195 visitor target. India leads as top source market with 260,780 YTD visitors followed by UK and Russia; Netherlands showing strong July numbers

1 min  |

July 28, 2025
Daily FT

Daily FT

Global Sri Lankans unite to power investment drive

Global Federation of Sri Lankan Business Councils holds inaugural AGM to mobilise diaspora investment, support economic revival GFSLBC Secretary General Sajeev Rajaputhra outlines core agenda focusing on boosting bilateral ties, attracting diaspora-led investment, serving as bridge between Govt. and global Sri Lankan diaspora Calls on Govt. to engage diaspora as active partners in country’s recovery and development efforts

2 min  |

July 28, 2025

Daily FT

E.B. Creasy to raise Rs. 1.5 b via Rights

E.B. Creasy PLC has announced plans to raise to settle short-term interest bearing borrowings Rs. 1.52 billion via a Rights Issue.

1 min  |

July 28, 2025

Daily FT

Law governing minimum wage of workers amended

AN amendment to the National Minimum Wage of Workers Act was brought in last week repealing certain provisions in the 2016 Act, including those pertaining to the minimum monthly wage of all workers.

1 min  |

July 28, 2025
Daily FT

Daily FT

Secondary Bond market remains stagnant

Money market liquidity improves; Rupee depreciates

2 min  |

July 28, 2025

Daily FT

Plantation sector sounds alarm over 30% US tariff

Calls on Govt., to engage directly with USTR seeking relief for agricultural commodities like tea and medical-grade rubber ■ Cites tea and rubber as vital sectors for rural employment, conducts strong ethical and sustainability credentials in global markets ■ Advocates for temporary relief measures for affected producers, including duty drawback schemes, retraining programs for affected workers, export marketing assistance to mitigate disruptions

3 min  |

July 28, 2025

Daily FT

Surge in transhipment in May puts Colombo Port YTD positive

A surge in transhipment boxes in May saw Colombo Port experiencing its first year-to-date (YTD) growth, though marginal.

1 min  |

July 28, 2025
Daily FT

Daily FT

Maldives history: From Sri Lankan Prince to first King

KING Mahaabarana Adeettiya (Koimala) was the first ruler to govern the entire Maldives from 1117 to 1141 (24 years).

2 min  |

July 28, 2025
Daily FT

Daily FT

Sri Lanka's globalisation and its policy challenges, according to Dr. Sarath Rajapatirana

SRI Lanka had been a beneficiary of the waves of globalisation that had struck it for thousands of years. It had been open to trade, investment, transfer of knowledge, and factor mobility without hindrance.

8 min  |

July 28, 2025
Daily FT

Daily FT

Justice Preethi Padman Surasena sworn in as 49th Chief Justice of Sri Lanka

THE most senior Supreme Court Justice, Preethi Padman Surasena was officially sworn in as the Chief Justice of Sri Lanka before President Anura Kumara Disanayake yesterday at the Presidential Secretariat.

1 min  |

July 28, 2025

Daily FT

TRACE announces Research and Development Grant for innovators

Applications now open until 31 August

1 min  |

July 28, 2025

Daily FT

Asia Cup 2025 in UAE starting 9 Sept.; India vs Pakistan on 14 Sept.

INDIA and Pakistan are pitted against each other in Group A at the 2025 men’s Asia Cup, set to be held in the UAE from 9 to 28 September. Their group-stage meeting will be on 14 September, with two more potential games between them should both reach the final.

2 min  |

July 28, 2025

Daily FT

Prime Minister calls for deep educational reform beyond textbooks

PRIME Minister and Education Minister Dr. Harini Amarasuriya on Saturday insisted that genuine educational reform in Sri Lanka must go beyond new textbooks, calling instead for a systemic transformation of the country's outdated and exam-centric system.

1 min  |

July 28, 2025
Daily FT

Daily FT

Shippers Council holds 55th AGM

Outgoing Chairman Sean Van Dort highlights deep concern over entrenched corruption within Sri Lanka's import-export sector Advocates for full digitalisation of trade processes as the most effective way to eliminate face-to-face interactions and curb bribery With growing support from industry associations calls for implementation of anew legal framework New Chairman Trisherman Frink proposes to focus on several key priorities in the year as global and regional shipping environment undergoes rapid transformation

4 min  |

July 28, 2025
Daily FT

Daily FT

Who protects the vulnerable? Reframing role of Police in preventing gendered harassment in Sri Lanka

IN Sri Lanka, the word protection carries weight. It is a promise embedded in the mandate of State institutions, especially the Police. It is a word that should evoke safety, trust, and accountability. Yet, for many women and children, especially in vulnerable domestic contexts, protection remains an unfulfilled expectation, marked by inaction, bias, and systemic disregard.

3 min  |

July 28, 2025
Daily FT

Daily FT

NDB Bank secures eight prestigious wins at SLIBFI Awards 2025

NDB Bank said it has reaffirmed its leadership in Sri Lanka’s Islamic banking sector by securing eight distinguished accolades at the Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards 2025, held recently. These wins mark yet another milestone in NDB’s ongoing journey of excellence, innovation, and dedication to inclusive financial services.

2 min  |

July 28, 2025

Daily FT

Women's Chamber of Industry and Commerce Northern Chapter holds workshop on “Importance of Packaging"

THE Women's Chamber of Industry and Commerce (WCIC) Northern Chapter, formally inaugurated earlier this year, has been operating in the Northern Province with the support of the German Asia-Pacific Business Association (OAV) for the past two years, engaging, empowering, and enriching the women entrepreneurs of the North.

1 min  |

July 28, 2025

Daily FT

1996 Mullaitivu debacle, missing persons, and accountability

JULY marks 29 years since the fall of the Mullaitivu garrison in 1996, one of the most devastating military defeats in Sri Lanka’s modern history.

2 min  |

July 28, 2025

Daily FT

Lassana greetings from BIA

Lassana Flora elevates airport greetings with country’s first-ever arrival terminal floral outlet

1 min  |

July 28, 2025

Daily FT

Trinity prove prowess; beat Isipathana 32/10

TRINITY College continued their dream run in the Dialog Schools Rugby League 2025, delivering a commanding 32/10 win over defending Knock-Out champions, Isipathana College in front of a packed and appreciative crowd at the Trinity College Rugby Stadium in Pallekele on Saturday.

1 min  |

July 28, 2025