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Daily FT

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 min  |

September 01, 2025
Daily FT

Daily FT

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 min  |

September 01, 2025
Daily FT

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025
Daily FT

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025
Daily FT

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025
Daily FT

Daily FT

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 min  |

September 01, 2025
Daily FT

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025

Daily FT

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 min  |

September 01, 2025

Daily FT

Fuel prices reduced

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

1 min  |

September 01, 2025
Daily FT

Daily FT

CBSL marks 75 years with Rs. 2,000 commemorative note presented to President

TO commemorate the 75th Anniversary of the Central Bank of Sri Lanka (CBSL), Governor Dr. Nandalal Weerasinghe yesterday presented a new Rs. 2,000 commemorative currency note to President Anura Kumara Disanayake at the Presidential Secretariat.

1 min  |

August 30, 2025

Daily FT

North star for climate change adaptation: Making progress on the Global Goal on Adaptation

TEN years after the Paris Agreement, 2025 is set to render a key part of it operational: the Global Goal on Adaptation, or GGA for short. Agreed in Paris, the GGA aims to enhance adaptive capacity, strengthen resilience, and reduce vulnerability to climate change in the context of the temperature goal. So far, it has advanced through two work programs (from 2022-2023 and 2024-2025) and is now defined through the UAE Framework for Global Climate Resilience, which lists seven thematic and four dimensional targets. The current work program—the UAE-Belém work program—was launched in Dubai and is mandated to deliver a set of indicators for these targets at the end of this year, when countries from across the world will convene at COP30 in Belém, Brazil.

3 min  |

August 30, 2025
Daily FT

Daily FT

Electric waste-collecting boats to revive Beira Lake

WESTERN Province Governor Hanif Yusoof yesterday announced the launch of trials of fully electric, solar-powered waste-collecting boats on the Beira Lake as part of a wider initiative to restore and revive the historic waterbody.

1 min  |

August 30, 2025

Daily FT

CCPI in August 2025 shows deflationary period ending

THE Central Bank said yesterday that following 11 consecutive months of deflation, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021-100), returned to positive territory in August 2025, recording 1.2%, compared to 0.3% deflation in July 2025.

1 min  |

August 30, 2025

Daily FT

Governor Nandalal says CBSL phasing out conflicting legacy roles

Asserts CBSL independency at 75th Anniversary Oration Busts myths, misconceptions, unrealistic expectations confronting CBSL Acknowledges conflicting roles of CBSL and plans to phase them out Says CBSL will gradually stop managing public debt, EPF and concessionary loan schemes for targeted sectors Points to break from contentious practices of the past, CBSL no longer supports fiscal expansion nor controls exchange rate

5 min  |

August 30, 2025
Daily FT

Daily FT

Australia's United Petroleum gives up on Sri Lanka

CPC MD Dr. Mayura Neththikumarage confirms company notified withdrawal, citing operational challenges and small market size Says 64 petrol stations under United Petroleum brand revert to CPC management Exit marks collapse of United Petroleum's first overseas venture, despite earlier pledge of $ 27.5 m investment and 20-year BOI licence

1 min  |

August 30, 2025

Daily FT

SriLankan Airlines marks 46 years with travel treats for passengers

SRILANKAN Airlines completes another journey around the sun on 1 September, celebrating its 46th anniversary by giving its valued customers more reasons to explore the world with special anniversary offers.

1 min  |

August 30, 2025

Daily FT

Construction PMI maintains momentum in July

THE Central Bank yesterday said the Sri Lanka Purchasing Managers’ Index for Construction (PMI — Construction), as reflected by the Total Activity Index, increased to 60.0 in July 2025 from 58.6 the previous month, indicating a continuous expansion in construction activities.

1 min  |

August 30, 2025
Daily FT

Daily FT

Bling Productions and Eyeon win big at WOW Awards Asia 2025 for South Asia's first immersive digital art space 'Pixel Bloom' at Colombo Lotus Tower

IN a landmark achievement for the Sri Lankan event industry, Bling Productions and Eyeon recently clinched two Silver awards and one Bronze award at WOW Awards Asia 2025—Asia's most prestigious platform for recognising excellence in events and experiential marketing.

1 min  |

August 30, 2025
Daily FT

Daily FT

Lankan dancers shine on stage at 39th Jerash Festival 2025 in Jordan

THE Embassy of Sri Lanka in Jordan, in collaboration with the management of the Classis Apparel Industry Co. Ltd. in Jordan, presented a breathtaking Sri Lankan traditional dancing performance in the 39th Jerash Festival of Culture and Arts, held on 2 August at the Ancient City of Jerash, marking Sri Lanka's participation for the first time in recent history.

1 min  |

August 30, 2025
Daily FT

Daily FT

What we could learn from cultural exchanges

JAPAN is a country that is well known for its cultural habit of respect. This is the explanation given for the country boasting the cleanest public toilets in the world, often resembling or bettering washrooms in 5-star hotels in other countries. It is a nation known for an education sector that specialises in teaching smallest of children to take responsibility for their actions and perfecting each and every task they set about to do.

4 min  |

August 30, 2025

Daily FT

President wants private sector to convert Presidential Houses, Ministerial bungalows into tourism resorts

Says official program launching soon President AKD hosts tourism sector for pre-Budget 2026 talks Notes promotional campaigns not enough to achieve tourism targets

1 min  |

August 30, 2025

Daily FT

Mullahs and Muslim politics

Muslim politicians and mullahs are walking on a tight rope by trying to bargain with these parties

6 min  |

August 30, 2025

Daily FT

Madushanka hat-trick seals the deal for Sri Lanka

Pull off thrilling seven-run win to go one-up in series

2 min  |

August 30, 2025

Daily FT

GDF unites world leaders and experts in Colombo

Explore unique Al-powered green energy, food security and cybersecurity applications

2 min  |

August 30, 2025