Newspaper
Daily FT
French global milk leader Lactalis to buy Fonterra for $ 2.2 b
FONTERRA Cooperative Group Ltd., yesterday announced it has agreed to the sale of its global Consumer and associated businesses to Lactalis for NZ$ 3.845 billion ($ 2.2 billion), subject to certain customary financial adjustments and conditions, including approval by farmer shareholders, separating the businesses being sold from Fonterra, and receipt of certain final regulatory approvals.
1 min |
August 23, 2025
Daily FT
Profood Propack & Agbiz 2025 opens at BMICH
SRI Lanka's most anticipated food industry event, Profood Propack & Agbiz 2025, began yesterday at the Sirimavo Bandaranaike Exhibition and Convention Centre, BMICH, Colombo.
1 min |
August 23, 2025
Daily FT
Ode to enduring legacy of iconic Hindi film Sholay
LAST week, the iconic Hindi film Sholay (embers or flames in English) completed 50 years since its release in 1975. The film was re-released in India to mark the landmark event which led to renewed interest among younger audiences. The Indian Cultural Association in collaboration with the Swami Vivekananda Control Centre in Colombo also organised a special screening of the film in Colombo to mark the event.
2 min |
August 23, 2025
Daily FT
Presidential Committee invites public submissions on fraud and corruption at AASL and SriLankan Airlines
THE Special Presidential Investigation Committee, appointed to probe past fraud, corruption, and malpractices at Airport and Aviation Services (Sri Lanka) Ltd., (AASL) and SriLankan Airlines during the period from 2010 to 2025, has called for complaints, views, and proposals from employees, staff members, and the general public.
1 min |
August 22, 2025
Daily FT
Pyramid Wilmar marks 20 years of success in food biz; says SL has biggest potential in agriculture
Leads in edible oil industry, sugar trading, bakery industry essentials and value-added milk and related products Reveals $ 1 b investment made to grow food business with Singapore-based global giant Wilmar apart from diversifying into leisure with Shangri-La Attributes focus on providing world-class quality products at affordable prices and resilient team to success Insists Sri Lanka can be self-sufficient in edible oil and milk supplies, reducing dependency on imports Calls for pragmatic policies and enabling environment
2 min |
August 22, 2025
Daily FT
ITAK launches half-day hartal with twin objectives in North-East
\"HARTAL\" is a word that entered the political discourse of countries like India, Sri Lanka and Malaysia during British rule.
10+ min |
August 22, 2025
Daily FT
Home Lands’ Pentara Residences Thummulla gets Development Permit
HOME Lands' most iconic residential development, Pentara Residencies in Thummulla, has been awarded the Development Permit by the Urban Development Authority (UDA), granting the project full clearance to move forward with construction.
1 min |
August 22, 2025
Daily FT
Prem Watsa’s visit underscores Fairfax’s long-term commitment to Sri Lanka
FAIRFIRST Insurance recently welcomed Fairfax Financial Holdings Chairman and Chief Executive Officer Prem Watsa to its head office in Colombo.
1 min |
August 22, 2025
Daily FT
Ambeon strengthens portfolio through strategic investments in hospitality sector
Strengthens growth strategy through near Rs. 900 m worth equity stakes in iconic Sri Lankan hotel companies The Kandy Hotels Company and Ceylon Hotels Corporation
2 min |
August 22, 2025
Daily FT
Young political leaders from South and Southeast Asia meet with Women Parliamentarians’ Caucus
YOUNG political leaders from across South and Southeast Asia with their staff members and representatives from the Institute of Konrad Adenauer Stiftung met with the Women Parliamentarians’ Caucus following their visit to Parliament.
1 min |
August 22, 2025
Daily FT
CoPF finds only 35 Chartered Accountants auditing nearly 2,000 public institutions
THE Parliament Secretariat yesterday said that the Committee on Public Finance (CoPF) has found that the National Audit Office has only 35 Chartered Accountants to oversee nearly 2,000 public institutions including Ministries, Departments and State-owned enterprises.
1 min |
August 22, 2025
Daily FT
Three more Supreme Court petitions challenge Bill repealing former Presidents’ benefits
SPEAKER of Parliament Dr. Jagath Wickramaratne yesterday informed the House that he had received copies of three more petitions filed at the Supreme Court, challenging the proposed repeal of Presidential entitlements.
1 min |
August 22, 2025
Daily FT
Alliance Finance's Rs. 2 b Social Bond issue oversubscribed on opening day
ALLIANCE Finance Company PLC (AFC) said its Rs. 2 billion Social Bond issue was oversubscribed yesterday on the opening day, prompting the lender to close subscriptions.
1 min |
August 22, 2025
Daily FT
Cabinet grants policy approval to draft bill amending Bank of Ceylon Ordinance
THE Cabinet of Ministers on Monday approved granting policy clearance to proceed with drafting a bill to amend the Bank of Ceylon Ordinance No. 53 of 1938, in line with earlier Cabinet approval granted on 15 July 2024.
1 min |
August 22, 2025
Daily FT
APB Sri Lanka earns regional recognition at Banking Summit in Nepal
THE Association of Professional Bankers (APB) Sri Lanka, the country’s professional body for banking, has marked a new milestone when its leadership participated in the BFIN International Banking Summit 2025, held in Kathmandu, Nepal on 15 and 16 August 2025.
2 min |
August 22, 2025
Daily FT
EDB conducts spices packaging workshop
THE Sri Lanka Export Development Board's (EDB) National Packaging Centre (NPC) recently conducted an awareness workshop on spices packaging for over 75 exporters and potential exporters, aimed at enhancing product competitiveness in local and international markets.
1 min |
August 22, 2025
Daily FT
Sanasa Life Insurance bags top NBEA 2025 award
SANASA Life Insurance won the 'Large Category, Excellence in Business and Financial Results' award at the recently held National Business Excellence Awards 2025 organised by the National Chamber of Commerce of Sri Lanka.
1 min |
August 22, 2025
Daily FT
Tea Avenue makes India debut, eyes global expansion
Tea Avenue to open outlets in Delhi, Mumbai and Bangalore within next 12-18 months Expansion formats to include flagship cafés, kiosks and in-hotel tea stations Tea Avenue to launch retail line in India, including premium teas and gift sets, to complement café operations Sets target of 200+ outlets worldwide by 2035
2 min |
August 22, 2025
Daily FT
George Steuart turning 190: A phenomenal landmark
THE grand old firm George Steuart has moved into the 190*s and is standing tall notwithstanding recent reversals as COVID and the country’s bankruptcy.
1 min |
August 22, 2025
Daily FT
"Secret of Success” one-day workshop on 28 August
A transformative one-day special workshop on “Secret of Success” for mid and senior level managers committed to achieving personal and organisational excellence, led by Professor Thilakasiri — a management expert and former Director General of
1 min |
August 22, 2025
Daily FT
CSE closes up for 5th straight session, ASPI inches to new high
THE Colombo stock market closed up for the fifth straight session yesterday, with turnover reaching Rs. 10.5 billion on a highly volatile session dominated by retail and high-net-worth investor participation.
2 min |
August 22, 2025
Daily FT
New think-tank Asian Geopolitics, Sustainability, and Peace Council launched
A new era in regional policy dialogue began with the official launch of The Asian Geopolitics, Sustainability, and Peace Council (AGSPeC) at the Sri Lanka Foundation Institute in Colombo on 20 August ~ a platform dedicated to fostering strategic understanding of geopolitical issues, advancing peace, and promoting sustainable development across Asia. Leading scholars, diplomats, policymakers, civil society leaders and concerned citizens took part in this event, in addition to. gamut of political leaders, former statesmen, and leaders of politcal parties
2 min |
August 22, 2025
Daily FT
Lankan launches world's first “Chetty-Based” ROI marketing formula for small businesses
IN a bold move set to disrupt the way small businesses approach marketing, Sri Lankan digital strategist Angelo Peterson Pullenayegam has launched The Chetty 7, the world's first ROI-marketing system inspired by the centuries-old Chetty trading legacy.
3 min |
August 22, 2025
Daily FT
WIM’s Top 50 Career Women Awards set to mark 15-year milestone in October
WIM to host Global Week 2025 from 7-9 Oct. in Colombo Three new segments introduced to the Top 50 Awards Awards received nominations from 12 countries Over 300 delegates from 15 countries expected Judging panel includes local and international experts Awards designed to mentor emerging leaders and support MSMES Nominations for the MSME Awards are open until 31 August
4 min |
August 22, 2025
Daily FT
Gem Sri Lanka 2026 launch set for 26 August
THE Ceylon Gem and Jewellery Traders Association (CGJTA) announced that the launch of the 'Gem Sri Lanka 2026' international expo will take place on 26 August at the Lotus Ballroom of Shangri-La Colombo.
1 min |
August 22, 2025
Daily FT
Avishka, Eshan lose place in ODI squad for Zimbabwe
Nuwanidu recalled, Pavan only uncapped player
2 min |
August 22, 2025
Daily FT
Amana Takaful Insurance shines with four Gold wins at the 14th SLIBFI Awards 2025
AMANA Takaful Insurance has marked a remarkable milestone at the 14th Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards 2025 held at Shangri-La Hotel, Colombo. Organised annually by UTO EduConsult and adjudicated by KPMG, the prestigious event celebrates excellence within Sri Lanka’s Islamic finance sector, bringing together leading institutions and professionals dedicated to inclusive financial services.
1 min |
August 22, 2025
Daily FT
Social protection: Not an option but a necessity in Asia and the Pacific
ASIA and the Pacific is navigating multiple disruptions, both positive and negative. Economic restructuring, green transitions, intensifying climate change, demographic shifts and digital transformations are posing a critical question: how do we ensure that large numbers of people are not left behind?
3 min |
August 22, 2025
Daily FT
Former Trinitian Pathiraja grabs honours on high-scoring day
HIGH scoring was the order of the day in the two SLC Under-23 inter-club two-day matches which began yesterday.
1 min |
August 22, 2025
Daily FT
Asia Asset Finance reports 128% PBT growth in 1Q
ASIA Asset Finance PLC (AAF) said yesterday it reported a Profit before Tax (PBT) of Rs. 294.8 million in the first quarter of ending 30 June, up 123% from a year ago while Profit After Tax (PAT) grew 57% to Rs. 181 million.
1 min |