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Daily FT

Confederation of MSMI welcomes 'bold export tax reform'

THE Confederation of Micro, Small and Medium Industries (MSMI) has extended its congratulations to the Government for the successful introduction of the 20% export tax policy.

1 min  |

August 06, 2025

Daily FT

Roar AdX delivers Meta platform-led experience at DMASL Digital Summit 2025

ROAR AdX, the official Meta advertising partner at the DMASL Digital Summit 2025, played a dynamic role in this year's gathering of South Asia's digital marketing community, reinforcing its commitment to platform excellence and Sri Lanka's digital growth journey.

1 min  |

August 06, 2025
Daily FT

Daily FT

Sri Lanka to host first leg of Legends Tour 2026 at RCGC

SRI Lanka will make golfing history in 2026 as it prepares to host the inaugural Legends Tour 2026 from 26 January to 1 February at the Royal Colombo Golf Club (RCGC) marking the first time the Legends Tour will be played on Sri Lankan soil.

1 min  |

August 06, 2025

Daily FT

Trinity secure League, ultimate goal is Bradby

TRINITY College’s Under-19 rugby outfit, led by the resolute and inspirational skipper, Safraz Usmaan etched their names in history by clinching the 2025 Schools Under-19 Rugby League Championship, ending a drought that had lasted since 1987.

2 min  |

August 06, 2025

Daily FT

DIMO’s LOVOL harvester first to offer warranty on rubber tracks

DIMO Agribusinesses, the agricultural arm of DIMO, is offering the first and only rubber tracks with a warranty on a harvester in Sri Lanka through its LOVOL harvesters.

1 min  |

August 06, 2025

Daily FT

Profit-taking drags Colombo stock market down

THE Colombo stock market yesterday remained in the negative mode due to profit-taking by investors.

2 min  |

August 06, 2025

Daily FT

Julie Chung urges bold reforms at 9th AGM of SL-USA Business Council

US Ambassador Julie Chung last week cautioned Sri Lanka risked falling behind without bold reforms and structural change as the global economy is becoming increasingly competitive.

2 min  |

August 06, 2025

Daily FT

eMarketingEye creates history at Hashtag Asia Awards 2025

IN a moment that solidified its leadership in digital marketing, eMarketingEye (EME) emerged triumphant at the Hashtag Asia Awards 2025, the most prestigious platform for social media excellence in Asia.

2 min  |

August 06, 2025
Daily FT

Daily FT

From toe-hold to freehold: Zionist occupation strategies-unlimited

WHEN Trump arrogantly suggested that the neighbouring Arab States should absorb the Gaza population as a solution to Israel’s decimation of Gaza, he announced what discerning persons the world over, had already perceived.

4 min  |

August 06, 2025
Daily FT

Daily FT

SLIM and Mastercard forge strategic collaboration to elevate Sri Lankan brands on global stage

THE Sri Lanka Institute of Marketing (SLIM) has announced a strategic collaboration with Mastercard a technology leader in the global payments industry. This association marks a bold step forward in supporting Sri Lanka’s business ecosystem through brand and payment innovation. By combining the credibility and influence of SLIM Brand Excellence with Mastercard’s technological leadership, this collaboration aims to unlock new levels of value for enterprises across sectors.

2 min  |

August 06, 2025

Daily FT

FDI inflows: Moving beyond numbers

LAST month, the BOI announced that Sri Lanka registered a remarkable 101% year-on-year surge in realised Foreign Direct Investment (FDI) inflows during the first half of 2025, reaching about $ 507 million.

2 min  |

August 06, 2025
Daily FT

Daily FT

Uber Springboard 2025 concludes; five local startups to Hyderabad

UBER, the international ride-hailing and delivery platform, recently held the second edition of its Uber Springboard initiative.

9 min  |

August 06, 2025
Daily FT

Daily FT

Sri Lanka Junior International Badminton Series 2025 kicks off in Gampaha

THE Sri Lanka Junior International Badminton Series 2025 commenced, followed by a grand opening ceremony at the New Saniro Sports Complex in Naiwala, Gampaha yesterday.

1 min  |

August 06, 2025

Daily FT

New delimitation committee appointed to update administrative divisions

THE Cabinet of Ministers on Monday approved the appointment of a new delimitation committee to review and update administrative boundaries for Divisional Secretariat (DS) divisions and Grama Niladhari (GN) divisions.

1 min  |

August 06, 2025

Daily FT

Dr. Darshana Jayasinghe launches Sri Lanka’s first influencer marketing model

DR. Darshana Jayasinghe has introduced Sri Lanka’s first empirically tested model for influencer marketing.

1 min  |

August 06, 2025

Daily FT

Cabinet cuts MPs' insurance cover to Rs. 250,000

THE Cabinet of Ministers at their meeting on Monday approved reducing the group insurance cover for Members of Parliament from Rs. 1 million to Rs. 250,000 per Parliamentary year, effective from the next insurance year starting 9 October 2025.

1 min  |

August 06, 2025

Daily FT

Governor General of Australia Samantha Joy Mostyn arrives today

THE Governor General of Australia Samantha Joy Mostyn is scheduled to undertake an official visit to Sri Lanka today.

1 min  |

August 06, 2025

Daily FT

ComBank Rs. 15 b debut Green Bond issue supported by GGGI

THE Global Green Growth Institute (GGGI) provided technical support to the Commercial Bank of Ceylon PLC (CBC), which successfully issued its debut green bond, raising Rs. 15 billion to finance sustainable projects in sectors such as renewable energy.

1 min  |

August 06, 2025
Daily FT

Daily FT

Delusion of fund raising: How a group of electrical engineers is starving power sector of investment

THE amendments to the Electricity Act No. 36 of 2024 will be debated in Parliament today (6 August) and will likely pass with a majority of votes, due to the NPP voting block. During the run-up to the parliamentary debate, the amendments, and its custodian, Pubudu Niroshan, the Director General of the Power Sector Reform Secretariat (PSRS), has managed to unify almost all the sector participants in opposition.

9 min  |

August 06, 2025
Daily FT

Daily FT

CoPF eases outward investment rules, tightens SOE borrowing under new reforms

IN a bid to promote cross-border expansion of Sri Lankan enterprises, the Committee on Public Finance (CoPF) has approved updated guidelines on outward investments, raising investment thresholds and simplifying processes for local companies to venture overseas.

2 min  |

August 05, 2025

Daily FT

Oh Rugby, thy Kingdom come to Kandy

IT'S official now that Kandy becomes the new reigning Kingdom of Schools Rugby in Sri Lanka, for the first time since 2013, when Dharmaraja College took the Crown to the Hills. Considering that it was a very young team that was groomed with exceptional rugby skills in attack and defence, way much more than what their natural physical capacity is intended for, Colombo should be warned that the Monarchy is not shifting down to Sea level any time soon, at least not as long as Fazil Marija is Head Coach.

7 min  |

August 05, 2025
Daily FT

Daily FT

Parate execution will sound death knell to many construction companies

CHAMBER of Construction Industry of Sri Lanka Presently the banks are moving at an unprecedented pace to auction the properties mortgaged by construction companies as collaterals to raise funds for working capital, to buy equipment, to obtain required bonds and guarantees and also to meet expenditure when construction activities were in limbo.

2 min  |

August 05, 2025
Daily FT

Daily FT

Sri Lanka open Asia Cup campaign against BD on 13 September

Two group matches at Abu Dhabi, one at Dubai

2 min  |

August 05, 2025
Daily FT

Daily FT

Ranithma clinches All England Junior Championship title in dominant fashion

Extensively supported by McLarens, young Sri Lankan star shines in Birmingham

1 min  |

August 05, 2025
Daily FT

Daily FT

Yields steady; activity zooms in on short end of curve

THE Secondary Bond market yesterday kicked off the week on a subdued note as yields were seen holding broadly steady while activity centred on the short end of the yield curve.

1 min  |

August 05, 2025

Daily FT

Rent-A-Car Association of Sri Lanka welcomes new DMT facility at BIA for tourists

THE Rent-A-Car Association of Sri Lanka has welcomed the timely and progressive initiative by the Department of Motor Traffic (DMT) to open a dedicated office at the Bandaranaike International Airport (BIA) in Katunayake for the issuance of International Driving Permits (IDPs) to foreign nationals arriving in the country.

1 min  |

August 05, 2025

Daily FT

SpaceX - Starlink appoints Singer as authorised retailer in Sri Lanka

US-BASED SpaceX has appointed Singer Sri Lanka, the nation's leading consumer electronics and home appliances retailer, as the authorised retailer of Starlink in Sri Lanka.

2 min  |

August 05, 2025

Daily FT

With biggest markets at doorstep, Sri Lanka in a sweet spot: Kishore Mahbubani

ONE of Asia’s most widely known commentators and spokespeople, Prof. Kishore Mahbubani last week in Colombo said strategically located Sri Lanka is at a sweet spot to benefit from the world’s biggest markets at its doorstep, provided there are consistent policies, a collective effort, and smarter geopolitical scaling.

7 min  |

August 05, 2025

Daily FT

Ceylon Chamber of Coconut Industries applauds Govt. for securing 20% US tariff rate

THE Ceylon Chamber of Coconut Industries in a statement extended its ‘sincere appreciation’ to President Anura Kumara Disanayake and the negotiating team for securing a reduced 20% reciprocal tariff from the US.

1 min  |

August 05, 2025

Daily FT

ComBank’s Rs. 15 b Green Bond issue oversubscribed on opening day

THE Commercial Bank of Ceylon PLC yesterday announced that investors had demonstrated overwhelming support for its green lending aspirations by oversubscribing the bank’s Rs. 15 billion Green Bond issue on its opening day yesterday.

1 min  |

August 05, 2025