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Daily FT
APB SL welcomes top banking industry leaders to Advisory and Fund Management Committees
THE Association of Professional Bankers, Sri Lanka (APB), has taken a notable step in furthering its mission by appointing a group of distinguished leaders from both private and public sector banks to serve as Advisers and members of its Fund Management Committee.
1 min |
June 24, 2025
Daily FT
FDI flows to developing economies drop to lowest level since 2005
High trade and investment barriers pose threat to mobilising financing for development, says World Bank
4 min |
June 24, 2025
Daily FT
WIF joins UNFPA’s Global Equity 2030 Alliance
Move heralds a new era for gender-inclusive innovation from Sri Lanka
2 min |
June 24, 2025
Daily FT
'Sathosa' case against Johnston Fernando adjourned till 30 July
THE case filed by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) against former Minister Johnston Fernando and three others was taken up for hearing once again before the Colombo High Court yesterday.
1 min |
June 24, 2025
Daily FT
CFA Society Sri Lanka Capital Market Awards tonight
THE CFA Society Sri Lanka Capital Market Awards 2025, the flagship event recognising excellence in Sri Lanka’s capital markets, takes place this evening at Cinnamon Life at City of Dreams Sri Lanka at 6 p.m.
1 min |
June 24, 2025
Daily FT
Bond market turns bearish
■ Money market liquidity nosedives; hits lowest level since April ■ Rs. 132 b weekly T Bill auction undersubscribed ■ Foreign holdings in Rupee treasuries records net outflow for the first time in five weeks ■ Rupee depreciates
2 min |
June 23, 2025
Daily FT
Eshana and Sarva appointed to Global Advisory Council of Commonwealth Enterprise and Investment Council
AT the recent meeting of the Global Advisory Council of the Commonwealth Enterprise and Investment Council (CWEIC), held at Pewterers' Hall in the City of London, Esna Group Chairman Eshana De Silva and George Steuart & Co., Group Chairman Sarva Ameresekere were formally appointed to the Council.
1 min |
June 23, 2025
Daily FT
HK-based fund manager triples weight on Lankan equities
HONG Kong-based Asia Frontier Capital (AFC) has almost tripled its weightage within two years on Sri Lanka's listed equities, a move which it said was encouraged by improving macroeconomic fundamentals, political stability, and a pick-up in corporate earnings.
2 min |
June 23, 2025
Daily FT
UAE draws $ 45 b in FDI, accounts for 37% of regional inflows
IN an integral international vote of confidence in the strength and resilience of the United Arab Emirates' (UAE) economy, foreign direct investment (FDI) flows into the country surged to Dh 167 billion ($ 45 billion) last year, marking a 48% increase compared to the previous year, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD).
1 min |
June 23, 2025
Daily FT
Sri Lanka Tourism opens 3,000 acres of land in drive to attract $ 60 m investment
Tourism Deputy Minister Prof. Ruwan Ranasinghe says new Land Bank Management Information System allows investors to browse pre-screened, investment-ready lands Investment opportunities include eco resorts, wellness retreats, MICE tourism hubs, agro-tourism and boutique hotels States lands are mostly available on 33-year leases, with private landowners also encouraged to list lands for sale, lease or partnership Asserts inactive or stalled projects will face land repossession to prevent land speculation and delays SLTDA Chief Buddhika Hewawasam says first tender round opens this week Confirms three projects totalling $ 55 m committed during 1H of 2025 in Eastern and Northern Provinces Says additional 2,000 acres expected to be added in 2025, expanding initiative to 5,000 acres total Works with multiple State land-owning agencies and Divisional Secretariats to identify, screen and release viable land plots
3 min |
June 23, 2025
Daily FT
Sri Lanka's digital ambitions clash with stalled human development
UNDP's report underlines global HDI growth at slowest pace in decades World may also be decades away from achieving its 2030 development goals Sri Lanka ranks 89 globally and second in South Asia, but progress has stalled UNDP Sri Lanka Resident Representative Azusa Kubota says HDR's findings were wake-up call HDI peaked at 0.78 in 2018 and slipped slightly to 0.776 in 2023 Inequality increases for fourth consecutive year Gender Inequality Index has worsened, dropping from 122 in 2024 to 93 in 2025 Other South Asian countries, like Maldives, closing gap with Sri Lanka Digital Economy Deputy Minister Eranga Weeraratne says Al is strategic tool to revive momentum UNDP calls for human-centred approach where people, equity, and inclusion must be core to Al adoption Emphasises combining Al with human intelligence to boost innovation and recovery
2 min |
June 23, 2025
Daily FT
World Bank Group to support Sri Lanka's clean energy transition with $ 150 m program
Program will add 1 GW of solar and wind power, advancing Sri Lanka's goal of 70% renewable energy by 2030
2 min |
June 23, 2025
Daily FT
Revised rooftop solar tariff comes into force
THE Government has announced a revised tariff for Rooftop Solar PY (RTSPY) schemes based on the input parameters used for determining the tariff.
1 min |
June 23, 2025
Daily FT
World...
The program will support new solar and wind energy projects that will add 1 gigawatt of clean electricity to the grid —bringing Sri Lanka closer to its goal of generating 70% of its electricity from renewable sources by 2030. The program is also expected to mobilise more than $800 million in private investment, helping to lower electricity costs and improve reliability for families and businesses.
1 min |
June 23, 2025
Daily FT
ComBank hosts ‘Empower North’ to drive wider adoption of its digital products
THE Commercial Bank of Ceylon recently conducted a digital awareness initiative in Jaffna titled 'Empower North: Accelerating Digital Excellence' as part of its ongoing efforts to support the country's digital transformation agenda and increase regional engagement with its flagship digital banking platform 'ComBank Digital.'
1 min |
June 23, 2025
Daily FT
Kingswood register maiden win; Beat Zahira
KINGSWOOD College secured their first victory of the Dialog Schools Rugby League 2025 season with a spirited 27/18 win over Zahira College, which concluded at Maradana last weekend.
1 min |
June 23, 2025
Daily FT
World Bank Group brings together public and private sectors to expand childcare access; Boost women's employment
EXPANDING access to affordable and quality childcare could be Sri Lanka's next big move toward creating more and better jobs.
1 min |
June 23, 2025
Daily FT
Boeing discusses 777-9 operations at BIA
A high-level discussion on the upcoming operations of Boeing’s newest wide-body aircraft, the 777-9, was held last week at Bandaranaike International Airport (BIA), as part of preparations for the aircraft’s anticipated entry into service in 2026.
1 min |
June 23, 2025
Daily FT
Lavindu and Vihara champs at NRT juniors
THE Sri Lanka Golf National Ranking Tournament (NRT) concluded in style at the Royal Colombo Golf Club, bringing together some of the best young golfing talents in the country.
1 min |
June 23, 2025
Daily FT
Sri Lanka's coastline dreams drowned in sea of chaos, ballooned by corruption, concrete and condoms
THE turquoise embrace of Sri Lanka’s coastline, once a source of serene pride, now feels like a tangled web of frustration, a spectacle of “chaos” that assaults the senses and stirs a deep unease within me.
5 min |
June 23, 2025
Daily FT
SLASSCOM launches Global Industry Ambassador Program
Initiative aimed at championing Sri Lanka's IT-BPM excellence worldwide
2 min |
June 23, 2025
Daily FT
Sri Lanka's bulk and conventional cargo landscape: Current state and future potential
CONVENTIONAL and break-bulk shipping refers to cargo that cannot be containerised due to size, shape, or handling complexities. These types of cargo are typically oversized, awkwardly shaped, or require special handling, making them unsuitable for standard containers. In such cases, using conventional or break-bulk vessels allows for greater flexibility and cost-efficiency, particularly when transporting large volumes of a single type of cargo.
6 min |
June 23, 2025
Daily FT
Science College Rugby felicitates sponsors
IN a simple yet meaningful event marking a new chapter in its rich 45-year rugby legacy, Science College, Mount Lavinia held its official jersey presentation ceremony and felicitation of all team sponsors.
1 min |
June 23, 2025
Daily FT
YoungShip Sri Lanka’s “Run for HER” champions women’s empowerment and economic advancement
DESPITE a torrential downpour, participants and supporters converged at Independence Square on 18 May for YoungShip Sri Lanka’s “Run for HER” — an event that transcended a mere race to become a powerful declaration of purpose, commitment, and tangible action towards women’s empowerment and economic advancement in Sri Lanka’s rural communities.
2 min |
June 23, 2025
Daily FT
Wesley continue unbeaten run; Beat Anthonians
WESLEY College maintained their unbeaten streak in the Dialog Schools Under-19 Rugby League 2025 with a dominant 24/3 victory over St. Anthony's College at the Nittawela Ground last weekend.
1 min |
June 23, 2025
Daily FT
Dr. Chandana Wijayanama and research into "Current people related business challenges and expectations from HR professionals"
DR. Chandana Wijayanama—an academic, a professional, man of integrity, wisdom, and boundless compassion. A leader who believed in people, a thinker who saw beyond borders, and a human being whose humility was as deep as his intellect. His contribution to the field of human resources and humanity is remembered on this day, three months past his untimely demise.
4 min |
June 23, 2025
Daily FT
Emirates partners Uber to reward seamless travel
EMIRATES and Uber have announced a strategic partnership through a Memorandum of Understanding (MoU) to explore ways to make journeys more seamless, effortless and rewarding for travellers.
1 min |
June 23, 2025
Daily FT
Rambukwella clan and face of political rot
FEW names, arguably other than the Rajapaksas, have become as emblematic of corruption, entitlement, and moral bankruptcy as that of Keheliya Rambukwella and his family.
2 min |
June 23, 2025
Daily FT
Ahan, Nipun give SL Emerging 1-0 lead
AHAN Wickramasinghe struck a brilliant century and Nipun Dananjaya a sedate 88 to enable Sri Lanka Emerging Players beat West Indies Academy by five wickets and take a 1-0 lead in the three-match unofficial ODI series played at North Sound on Saturday.
1 min |
June 23, 2025
Daily FT
UN Chief 'gravely alarmed' by US bombing of Iranian nuclear sites
UN Secretary General António Guterres yesterday said he was gravely alarmed by the use of force by the US against Iran.
1 min |