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Daily FT - September 01, 2025

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Dans ce numéro

September 01, 2025

China and India pledge to be 'partners not rivals'

THE leaders of China and India said yesterday there is now deepening trust between them after years of tension that includes a long-running border dispute.

1 mins

Govt. plans new incentives for agriculture, food and beverage sectors

PRESIDENT Anura Kumara Disanayake said that the Government aims to provide incentives, including tax concessions, to the agriculture and food and beverage industries to support export diversification and the development of value-added products, the President's Media Division (PMD) announced on Saturday.

1 mins

Govt. gazettes VRS for CEB employees

THE Government has introduced a new voluntary retirement scheme (VRS) for employees of the Ceylon Electricity Board (CEB) who do not wish to transfer to the successor company.

1 mins

End July Budget deficit down 36% YoY

GIVING investors a strong signal on the economic recovery and future stability, the Government continues to report impressive gains in fiscal performance, with the Budget deficit in nominal terms falling by 36.3% to Rs. 556.1 billion in the first seven months of 2025, down from Rs. 872.6 billion in the same period of 2024.

2 mins

US appeals court rules Trump's sweeping tariffs illegal, but keeps them in place for now

A federal appeals court ruled Friday that President Donald Trump had no legal right to impose sweeping tariffs on almost every country on earth but left in place for now his effort to build a protectionist wall around the American economy.

1 mins

External sector growing in strength

SRI Lanka's external sector remained robust in the first seven months of 2025, with the current account registering consistent monthly surpluses despite a widening of the merchandise trade deficit, according to the Central Bank of Sri Lanka (CBSL).

2 mins

SEC defers trading suspension of Softlogic shares till end-November

THE Securities and Exchange Commission (SEC) has granted deferment of the trading suspension of the securities of Softlogic Holdings PLC until 30 November 2025.

1 mins

Release of 'Economic and Social Statistics of Sri Lanka - 2025'

'ECONOMIC and Social Statistics of Sri Lanka - 2025, an annual release of socio-economic statistics of the Central Bank of Sri Lanka (CBSL), is now available for public access.

1 mins

MillenniumIT ESP supports inaugural Global CIO Circle Innovation Summit and Retreat, Sri Lanka

MILLENNIUMIT ESP, a leading technology solutions provider in Sri Lanka and a member of the Ambeon Group, yesterday announced that it is a key supporting partner of the inaugural Global CIO Circle Innovation Summit and Retreat 2025, taking place from 2-4 September in Colombo.

3 mins

Hishan Singhawansa new CEO of Cinnamon Hotels & Resorts

CINNAMON Hotels & Resorts has appointed Hishan Singhawansa as its new Chief Executive Officer, unveiling the vision to strengthen the brand's role as one of the largest contributors to Sri Lanka's tourism sector and position the country's standing as a global destination.

1 mins

Fuel prices reduced

THE Ceylon Petroleum Corporation (CEYPETCO) announced a revision of fuel prices effective from midnight yesterday.

1 mins

President’s Fund recognises A-Level high-flyers in North Central Province

A ceremony to honour the top performers in the 2023/2024 G.C.E. Advanced Level (A-Level) examinations at the district level, sponsored by the President’s Fund, was held yesterday at the Anuradhapura Central College auditorium. The event was chaired by Speaker of Parliament Dr. Jagath Wickramaratne.

1 mins

Govt. to import 2,000 double-cabs for rural State officials

PROVINCIAL Councils and Local Government Deputy Minister Ruwan Senarath yesterday said the Government intends to import 2,000 double-cab vehicles early next year to improve transport facilities for officials heading State institutions, especially in the hinterland.

1 mins

UN urges Sri Lanka to deliver truth, justice and reparations for disappeared persons

UN Resident Coordinator in Sri Lanka Marc-André Franche issues statement to mark International Day of the Victims of Enforced Disappearances Says recent mass grave stark reminder of scale of past grave human rights violations Calls for urgent credible, transparent and independent investigations

2 mins

Secretary to the President meets Chair of Transparency International

Transparency International Chair Francois Valérian commends Govt. for establishment of Internal Affairs Units to prevent corruption at public institutions

1 mins

BALPP to hold workshop on research methodology for public policy

THE Bandaranaike Academy for Leadership and Public Policy (BALPP) has organised a one-day workshop with the objective of introducing key research methods used in public policy research and equipping participants with the skills and knowledge to critically asess and evaluate public policy research and evidence-based decision making.

1 mins

Rohantha appointed to Lotus Hydro Board

DR. Rohantha Athukorala has been appointed as an Independent Non-Executive Director on the Board of Lotus Hydro Power PLC.

1 mins

Indira Malwatte honoured at Sri Lankan Iconic Woman 2025 Awards

INDIRA Malwatte was honoured with the Sri Lankan Iconic Woman 2025 award at the Sri Lanka Broadcasting Corporation's centenary celebration, held at the Bandaranaike Memorial International Conference Hall (BMICH) on 29 August.

1 mins

SITREK Group marks 48 years with awards and celebration

THE SITREK Group celebrated its 48th anniversary in grand style at the Grand Maitland, honouring decades of excellence and recognising key contributors through its Annual Awards Ceremony.

1 mins

Cleantech breaks barriers in waste management: Honoured at first DEI Championship Awards

CLEANTECH Ltd., Sri Lanka's leading municipal waste management service provider and sustainability arm of the Abans Group, was recognised at the first-ever Diversity, Empowerment and Inclusivity (DEI) Championship Awards organised by the Ceylon Chamber of Commerce under the SCOPE Programme, co-financed by the European Union and the German Federal Foreign Office and implemented by GIZ Sri Lanka in partnership with the Ministry of Justice and National Integration.

2 mins

DIMO unveils flagship Tata Passenger Vehicle showroom at Altair Colombo, expands nationwide network

MARKING a significant step in its expansion strategy, DIMO, the only authorised distributor for Tata Motors in Sri Lanka, unveiled its latest flagship Tata Passenger Vehicle (PV) showroom at Altair Colombo.

2 mins

Mahindra launches XUV 3XO in Sri Lanka

35 features including six airbags, ESP and all-wheel disc braking across the range as standard 20 additional safety features including Level 2 ADAS in AX7L variant Turbo petrol engine with 82kW (110 hp) Power, 200Nm Torque offering a dynamic acceleration of 0-60km/h in just 4.6 seconds Panoramic Skyroof and Harman Kardon Speakers as Premium Features in AX7L variant

3 mins

Tom Puthiyamadam and Jayson Traxler share key insights to Grant Thornton's acquisition of Stax

Following Grant Thornton's recent announcement that it will acquire Stax, Consulting Magazine took the opportunity to have a conversation with Tom Puthiyamadam, Managing Partner for Advisory Services at Grant Thornton Advisors LLC and Jayson Traxler, CEO of Stax.

3 mins

Kemcare Technologies wins “Innovator in Cosmetic Ingredients Distribution” Award at Iconic Awards 2025

KEMCARE Technologies Ltd. has been honoured with the “Innovator in Cosmetic Ingredients Distribution” Award at the prestigious Iconic Awards 2025, held on 20 August at the Monarch Imperial Hotel, Colombo.

1 mins

Colombo Uni. to host program on "Embodied Intelligence, Buddhist Meditation Practice, and Al Tech Entrepreneurship"

THE Centre for Meditation Research (CMR), Faculty of Medicine, University of Colombo, in collaboration with the Centre for Research Development and Innovation (CRDI), will host a groundbreaking program titled “Embodied Intelligence, Buddhist Meditation Practice, and AI Tech Entrepreneurship” on 10 September, at the Main Auditorium, UCFM Tower, Faculty of Medicine, University of Colombo, from 4 p.m.

1 mins

NSB Habaraduwa branch relocates

HAVING opened in 2010, the Habaraduwa branch of National Savings Bank (NSB), had delivered a supreme customer service during the past 15 years and with a view to offering a better banking experience to the customers of the area, the branch was ceremoniously reopened recently at a new location, at No: 122/B/1, Galle Road, Habaraduwa.

1 mins

TFAB to host Quiz and Social Evening at Marino Beach Hotel

THE Trade Finance Association of Bankers (TFAB) is all set to host its much-anticipated Quiz and Social Evening on Saturday, 13 September, at the prestigious Marino Beach Hotel, Colombo, starting from 3 p.m. onwards.

1 mins

HNB Finance empowers MSMEs for sustainable growth through strategic financial literacy initiatives

HNB Finance PLC, a leading integrated financial services provider in Sri Lanka, reinforced its commitment to driving sustainable economic growth with the successful completion of its latest ‘Financial Literacy for Development’ workshops in Wennappuwa and Nawalapitiya.

1 mins

Amãna Bank partners ENRICH MSME Business Forum in Kandy

AMÃNA Bank partnered with the Chamber of Commerce and Industry Central Province to successfully host the ENRICH MSME Business Forum in commemoration of World MSME Day.

2 mins

Areva Investments marks decade of excellence in corporate finance

AREVA Investments Ltd., will celebrate its 10th anniversary on 18 September, marking a decade of service in corporate finance and investment banking services.

2 mins

AFC announces allotment for Rs. 2 b Social Bonds, proposes fresh Rs. 1 b High-Yield Bonds

Announces allotment basis for 64 applications received for Social Bond issue Total applications received worth nearly Rs. 2.5 b Four-year Bonds get applications worth Rs. 1.7 b; five-year Bonds Rs. 797 m 15 m Bonds slotted for preferential investors 100% allotment to investors who applied for 200,000 Bonds or less Announces separate proposal for Rs. 1 b High-Yield Bond issue

2 mins

Redefining internal audit and strengthening AML compliance

AS Sri Lanka prepares for its upcoming Financial Action Task Force (FATF) review, the country’s ability to strengthen Anti-Money Laundering (AML) practices will have a direct bearing on its financial credibility and investor outlook. Meeting these expectations is a regulatory necessity and a national interest.

2 mins

Free program prepares 200 students for careers in Digital Finance

Finnovation Lab 2025 launches as Sri Lanka's flagship FinTech education initiative, offering fully-funded training and career development pathways to university students

2 mins

Asia Securities launches ‘Athena’, Sri Lanka's first trading platform integrated with TradingView

ASIA Securities, Sri Lanka’s leading stockbroker, recently introduced ‘Athena’, the country’s first equity trading platform fully integrated with TradingView, a global charting and analytics solution used by over 100 million investors across 200 countries.

2 mins

Secondary Bond market yields close higher

THE Secondary Bond market last week saw overall activity and transaction volumes at subdued levels. Sparse trades were observed on thin volumes focused on selected maturities. During the early part of the week, yields were seen holding broadly steady as the market consolidated. Market participants initially gravitated towards the sidelines, adopting a wait and see approach amid the absence of strong directional cues. However, at the tail-end of the week selling pressure kicked in and yields started to move up, following the period of stagnation.

2 mins

Global air cargo demand up 5.5% in July

A fifth of air cargo travels on the Europe-Asia trade lane, which marked 29 months of consecutive expansion with 13.5% year-on-year growth in July

2 mins

Global schedule reliability of shipping lines declines after six-month climb

GLOBAL schedule reliability fell in July for the first time since January, Sea-Intelligence reports.

1 mins

Charting progress: CASA's impact on crewing in Sri Lanka

From hidden potential to national priority: How Sri Lanka plans to triple its seafarer workforce and create a $ 1.5 b maritime industry

4 mins

SLFFA holds 44th AGM: Paving the way for a future-ready logistics hub

THE Sri Lanka Freight Forwarders Association (SLFFA) held its 44th Annual General Meeting (AGM) on 26 August at the Cinnamon Grand, Oak Room, marking more than four decades of service to the nation's logistics and freight forwarding industry.

1 mins

Sri Lanka’s Colombo Consumer Price Index based inflation back in positive territory

HEADLINE inflation, as measured by the Colombo Consumer Price Index (CCPI), returned to positive territory in August 2025, recording 1.2% (YoY) (Figure 1).

7 mins

Judiciary's 'trivial offences' problem

THE arrest of former President Ranil Wickremesinghe last week triggered a wave of local and international commentary, with some voices suggesting that he had been apprehended for a “trivial offence.”

2 mins

The clock is ticking for Europe's chemical industry

ON 1 August, the United States imposed a 15% tariff on most European chemical imports. It caught some off guard. However, for many in the industry, it was just another warning sign: Europe’s chemical sector is under serious pressure — and time is running out to turn things around.

4 mins

Educational reforms meaningless unless learning culture is inculcated

Unceasing educational reform activities

8 mins

TMC Jaffna AGM 2025 celebrated in style with community leaders and professionals

THE Management Club (TMC) Jaffna marked the successful completion of its Annual General Meeting (AGM) 2025 and Mid-Year Dinner on Friday, 11 July, at J Hotels, Pungankulam Road. The evening brought together an impressive gathering of Northern Province’s most respected leaders, professionals, and change-makers.

1 mins

TMC Colombo to host 'Insights of Photography' with Ajithaa Edirimane

THE Management Club (TMC) Colombo is set to present 'Insights of Photography', an exclusive session under its “Members Speak” initiative, designed to explore the art and craft of photography.

1 mins

TMC Colombo hosts inspiring Power Breakfast with HNB CEO/MD Damith Pallewatte

THE Management Club (TMC) Colombo successfully launched its inaugural Power Breakfast sessions under the theme “Where leaders share the journey” at Ivy Hall, Cinnamon Grand, Colombo. The event brought together an elite audience of CEOs, senior managers, and entrepreneurs for an engaging morning of leadership insights and high-level networking.

2 mins

Rule of law in taxation: Rights before revenue - Part 3

PARTS 1 and 2 of this article highlighted two fundamental rights of taxpayers: the Right to Know the Legal Basis for Taxation, and the Right to Know the Reasons for an Amended or Additional Assessment.

9 mins

Wesley crowned Elite Under 18 Rugby 7s champions

WESLEY College produced a brilliant display of power and composure to clinch the All Island Elite Under 18 Rugby 7s 2025 title, defeating DS Senanayake College 19/12 in a thrilling Cup final at the Bogambara Stadium in Kandy yesterday.

1 mins

Singer beat Expolanka Holdings by five runs in MCA Premier League final

SINGER Sri Lanka’B’defeated Expolanka Holdings by five runs in a nail-biting finish to emerge champions of the Link Natural MCA Premier League Cricket Tournament final, played at the MCA Ground on Saturday.

1 mins

Moratuwa SC consolidate top position in Group B

MORATUWA SC maintained their top position in Group B of the SLC Under-23 Inter-Club 2-Day Tournament with a first innings win against Navy SC at Welisara yesterday.

1 mins

Sri Lanka break barren overseas series run, beat Zimbabwe 2-0

Pathum Nissanka sets up Sri Lanka's victory with seventh ODI century

1 mins

Provincial unions expose alleged illegal process and political interference in Sri Lanka Rugby

Cite total collapse of governance; call for resignation of Working Task Force and Executive Director

2 mins

Softlogic Life: Redefining Insurance Through People, Access, and Trust

When Sri Lanka's life insurance sector seemed slow to evolve, Softlogic Life chose a different path.

2 mins

Building Trust and Independence: Transforming Life Insurance in Sri Lanka

As Sri Lanka celebrates Life Insurance Awareness Month, the conversation must extend beyond policy sales or market growth to something far more meaningful, a national shift from financial dependence to self-reliance. When trusted and understood, Life insurance has the power to transform financial uncertainty into empowerment and true independence.

5 mins

Continental Insurance Wins Domestic General Insurer of the Year Once Again

Continental Insurance Lanka Limited (CILL) was once again recognized as the Domestic General Insurer of the Year - Sri Lanka at the Insurance Asia Awards 2025, held in Singapore this July.

2 mins

Ceylinco Life ranked Sri Lanka's most valuable insurance brand once again by Brand Finance

Ceylinco Life has been ranked the most valuable insurance brand in Sri Lanka and the 22nd most valuable brand in the country overall in the 2025 edition of the 'Sri Lanka 100' released by Brand Finance, the world's leading independent brand valuation consultancy.

2 mins

Insurance regulator sees steady industry growth despite challenges

THE Insurance Regulatory Commission of Sri Lanka (IRCSL) says the insurance industry has demonstrated resilience from 2020 through early 2025, successfully navigating the economic challenges caused by the COVID-19 pandemic and the severe economic crisis of 2022.

5 mins

Cyber insurance is big business.

But modelling risk is still tough

5 mins

US tariffs to slow both global economic and insurance premium growth

Swiss Re Institute says US tariffs affect global economic growth, which is forecast to slow to 2.3% in 2025, down from 2.8% in 2024

3 mins

Insurance Association of Sri Lanka's 'Driven by Purpose, Defined by People' HR conference a success

The Insurance Association of Sri Lanka (IASL), the official representative body of the country's Insurance industry, successfully concluded its annual HR Conference at the Cinnamon Life at City of Dreams recently.

2 mins

HNB Assurance Celebrates Insurance Month with Renewed Commitment to Protection and Progress

HNB Assurance PLC (HNBA) proudly joins hands with the rest of the industry to mark Insurance Month 2025, reaffirming its commitment to safeguarding the dreams, aspirations and financial security of Sri Lankans across the nation.

1 mins

HNB Assurance amongst Sri Lanka's 10 Most Outstanding Women-Friendly Workplaces once again

HNB Assurance PLC (HNBA), one of Sri Lanka's leading life insurance providers, has once again been honoured as one of the nation's most outstanding women-friendly workplaces at the 2025 Satynmag Women Friendly Workplace Awards.

1 mins

Navigating financial peer pressure: Protecting your mental health

Financial concerns undeniably affect our mental wellbeing. In fact, studies show that 53% of Hong Kong citizens express concern over their financial future. 67% of Malaysians worry about the cost of living, and 61% of Singaporeans feel uncertain about their financial security.

2 mins

From safety net to resilience-builder: how the insurance industry is stepping up

An insurance protection gap persists in both the Global North and South, endangering global resilience. Strengthening insurability means investing in disaster risk reduction upstream. Insurance industry has a major role to play both in broader resilience-planning and mobilising capital

4 mins

The Role of Microinsurance in supporting vulnerable communities in Sri Lanka

Microinsurance is emerging as a vital tool for financial inclusion and tisk management in developing countries, including Sri Lanka.

4 mins

Why insurers worry the world could soon become uninsurable

Some fear the world is fast approaching temperature levels where professional risk managers will no longer be able to offer cover for financial services Günther Thallinger, a board member at Allianz, one of the world's biggest insurers, says the climate crisis could make adaptation economically unviable Zurich Insurance Group, meanwhile, said alongside a recent research paper assessing climate resilience that the outlook looks \"alarmingly bleak

3 mins

Why insurance in developing economies Like Sri Lanka should be bought, not sold

In developing economies like Sri Lanka, insurance sectors often face significant challenges in terms of market penetration and public perception. Traditionally, in Sri Lanka insurance has always been a product that has to be sold.

4 mins

Awareness is the First Step to Protection

The month of September is also known as the 'Life Insurance Awareness Month'. SANASA Life Insurance is committed to ensuring that individuals as well as their families are provided protection by obtaining a policy. But how many are truly aware of the benefits a life insurance brings?

3 mins

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