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Favouritism over meritocracy

Daily FT

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January 02, 2026

SELECTING the best and brightest individuals for the prominent positions in the public sector was one of the key pledges made by the Left-leaning National People’s Power (NPP) before taking over the Government.

The NPP vowed to unleash a systemic change which is characterised by a culture of meritocracy by which people who possess talent, capacity, and experience are given the opportunity to take over the responsibilities of the influential posts in the public sector disregarding political as well as personal affiliations.

However, in clear contravention of the mandate received, the administration is doing exactly the opposite to what they promised to the public. Surprisingly, the level of politicisation the NPP Government is attempting in terms of filling the vacant leadership positions in critical state departments exceeds the extent to which it was practiced by the past Government, including the Mahinda Rajapaksa regime, which was well known for appointing people who were connected to the leadership of the Government both personally and politically by disregarding credentials in addition to ignoring the requirement to preserve the independence of the institutions that are deemed integral to law and order apart from good governance.

MÁS HISTORIAS DE Daily FT

Daily FT

Zohran Mamdani sworn in as New York City Mayor, creating history

Mamdani, the US city’s first Muslim Mayor, is also youngest person to be inaugurated in generations

time to read

2 mins

January 02, 2026

Daily FT

Daily FT

Ferentino Tyres redefines OEM tyre market in Sri Lanka with 75% value share

FERENTINO Tyres has emerged as the undisputed leader in Sri Lanka's Original Equipment Manufacturer (OEM) tyre market, commanding an extraordinary 75% value share, the company stated.

time to read

1 min

January 02, 2026

Daily FT

Daily FT

First international jewellery fair for 2026 FACETS Sri Lanka opens tomorrow

SRI Lanka is set to welcome the global gem and jewellery fraternity tomorrow as FACETS Sri Lanka 2026, the country's flagship gem and jewellery exhibition, opens its doors at The Forum, Cinnamon Life at City of Dreams, Colombo.

time to read

1 mins

January 02, 2026

Daily FT

Daily FT

Dollar posts worst annual fall in eight years, more weakness seen in 2026

THE dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve Chief opts for deeper interest rate cuts as anticifor deeper interest rate cu pated.

time to read

2 mins

January 02, 2026

Daily FT

PABC begins New Year defined by people, purpose, and courage to move

PAN Asia Bank yesterday marked the New Year with a moment of reflection, not on numbers alone, but on the deeper forces that shape progress over time.

time to read

1 mins

January 02, 2026

Daily FT

CEB seeks to recover Rs. 13 b from 11.7% tariff hike in 1Q

4,453 GWh net generation forecast for 1Q based on IMF GDP growth forecast of 3.1% and applied demand growth rate of 3.72% Ditwah damage to transmission towers, distribution lines and access roads adds to emergency repair and maintenance costs estimated at Rs. 20 b Rs. 5.8 b unrecovered revenue from delayed past tariff revisions and restoration of curtailed Return on Assets tighten cost recovery ahead of review by PUCSL

time to read

3 mins

January 02, 2026

Daily FT

Heshan Peiris joins Ceylinco Holdings’ Board

CEYLINCO Holdings PLC has appointed Heshan Peiris to its Board as an Independent NonExecutive Director.

time to read

1 min

January 02, 2026

Daily FT

Daily FT

SLIC Life and SLIC General inaugurate business operations for 2026

SRI Lanka Insurance Corp. General inaugurates business operations for 2026

time to read

4 mins

January 02, 2026

Daily FT

SPAR Group, South Africa, pledges Rs. 35 m to 'Rebuilding Sri Lanka' Fund

SPAR Group, South Africa has pledged Rs. 35 million to the Rebuilding Sri Lanka Fund, reinforcing its support for nationwide recovery efforts following Cyclone Ditwah.

time to read

1 min

January 02, 2026

Daily FT

Ceylon Cold Stores wins top honour at Sri Lanka National Quality Awards 2023

CEYLON Cold Stores PLC (CCS) has achieved a major national milestone by being named the Winner Award recipient at the Sri Lanka National Quality Awards 2023, under the Large, Manufacturing Category.

time to read

2 mins

January 02, 2026

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