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Daily FT

Daily FT

Accessibility Audit Report handed to Labour Ministry

THE Accessibility Audit Report of the Labour Ministry was officially handed over to Labour Ministry Secretary S.M. Piyatissa by MP Sugath Wasantha De Silva who is also Chair of the Parliamentary Caucus for Persons with Disabilities.

2 min  |

May 07, 2026
Daily FT

Daily FT

Dhammika invests Rs. 4.6 b more in Hayleys via historic Rights Issue

DHAMMIKA Perera has invested a further Rs. 4.6 billion in Hayleys PLC, reinforcing his confidence in the most diversified conglomerate in the country.

1 min  |

May 07, 2026

Daily FT

Governance and Financial Reporting Implications – NDB PLC

I refer to my earlier letter concerning the recently disclosed fraud at National Development Bank PLC.

2 min  |

May 07, 2026
Daily FT

Daily FT

Opp. draws parallels between Cabraal CBSL appointment and NPP Treasury Secretary pick

OPPOSITION MPs yesterday drew parallels between the Rajapaksa administration's appointment of Ajith Nivard Cabraal as Governor of the Central Bank of Sri Lanka (CBSL) in 2021 and the National People's Power (NPP) Government's decision to appoint a former Deputy Minister, Dr. Harshana Suriyapperuma as Treasury Secretary, arguing that both reflected the politicisation of key economic institutions.

1 min  |

May 07, 2026
Daily FT

Daily FT

McLarens Containers: A Leader in Sri Lanka's Logistics Landscape

MCLARENS Containers has been a pioneering force in Sri Lanka's logistics sector since its establishment in 1979, coinciding with the introduction of containerization to the country.

3 min  |

May 07, 2026
Daily FT

Daily FT

Trial against former Energy Minister Jayakody on 17 June

THE Colombo High Court yesterday fixed 17 June for the commencement of the corruption trial against former Energy Minister Kumara Jayakody following the conclusion of the pretrial conference.

1 min  |

May 07, 2026

Daily FT

FTZMA proposes activation of power wheeling to reduce costs

Says move will accelerate SL's renewable energy build-out at no cost to Govt.

6 min  |

May 07, 2026

Daily FT

Six Colombo Port City firms get strategic business status

Six companies to operate across IT, logistics, consultancy, public utilities, infrastructure and maritime technology; Proposed investments expected to attract $ 14.6 m in FDIs over next five years, create around 650 jobs

1 min  |

May 07, 2026
Daily FT

Daily FT

CNN creator Ted Turner dies at 87

CNN Founder and pioneer of the 24-hour news cycle Ted Turner died peacefully yesterday, surrounded by his family, according to a news release from Turner Enterprises. He was 87.

1 min  |

May 07, 2026
Daily FT

Daily FT

SL, S. Korea sign $ 267 m debt restructuring agreements

SRI Lanka and South Korea have signed debt restructuring amendment agreements covering 18 concessional loans worth around $ 267 million, marking a further step in Colombo’s broader external debt restructuring process while reaffirming bilateral development cooperation between the two countries.

1 min  |

May 07, 2026

Daily FT

Litro holds LP gas prices for May

LAUGFS Gas revises prices

1 min  |

May 07, 2026
Daily FT

Daily FT

Parliament debates landmark Insolvency Bill

Govt. overhauls 1987 law with new Act; Introduces debt moratoriums, creditor-supervised restructuring and MSME protections; Says reforms aimed at improving recoveries, reducing NPLs and preserving viable businesses; Opposition backs reforms but raises concerns over court delays and Parate powers; Concerns raised over inadequate timeframe for MSMEs to facilitate proceedings

4 min  |

May 07, 2026

Daily FT

CIM Sri Lanka to hold 'Members' Fellowship Night 2026' on 20 June

THE Chartered Institute of Marketing (CIM) Sri Lanka Professional Member Support Committee (SLPMSC) has announced its upcoming 'Members' Fellowship Night 2026', scheduled for 20 June at the Cinnamon Lakeside, Kings Court, Colombo.

1 min  |

May 07, 2026

Daily FT

Cabinet directs Legal Draftsman to prepare Bill to amend Finance Business Act

THE Cabinet of Ministers this week approved directing the Legal Draftsman to prepare a Bill to enable the amendment of the Finance Business Act, No. 42 of 2011.

1 min  |

May 07, 2026
Daily FT

Daily FT

The Pickle Island @ Battaramulla hosts Sri Lanka's first-ever Para Pickleball Event

IN a historic milestone for inclusive sports in Sri Lanka, The Pickle Island @ Battaramulla concluded the country’s first-ever Para Pickleball Event, bringing together athletes, supporters, and the wider sporting community to celebrate determination, resilience, and unity through sport.

1 min  |

May 07, 2026
Daily FT

Daily FT

Spectra Secures Seventh Consecutive Recognition as Sri Lanka's Most Preferred Inland Container Depot in the Export Category

SPECTRA has once again reinforced its leadership in Sri Lanka's logistics sector, having been recognised as the country's Most Preferred Inland Container Depot in the Export Category for the seventh consecutive year, from 2019 to 2026, by the Institute of Chartered Shipbrokers (ICS) UK Sri Lanka Branch.

2 min  |

May 07, 2026
Daily FT

Daily FT

MSC Lanka shines at 32nd ICS Awards with two key customer service wins

Customer service excellence recognized across Colombo-USA trade and imports

2 min  |

May 07, 2026
Daily FT

Daily FT

Top tennis players could boycott French Open over prize money: Sabalenka

PLAYERS will boycott the French Open if their prize money at the clay-court Grand Slam is not increased, women's world number one Aryna Sabalenka has said, with Coco Gauff voicing support for the drastic step.

2 min  |

May 07, 2026

Daily FT

GCF-SLEA public lecture on 'Sri Lanka's Current Macroeconomic Policy Directions in the Context of Global Volatility' tomorrow

THE Gamani Corea Foundation (GCF) and Sri Lanka Economic Association (SLEA) will hold a public lecture on 'Sri Lanka's Current Macroeconomic Policy Directions in the Context of Global Volatility' delivered by Central Bank of Sri Lanka (CBSL) Deputy Governor Dr. Chandranath Amarasekara on tomorrow (8), from 4 p.m. at the Lighthouse Auditorium, No. 24, Horton Place, Colombo 7.

1 min  |

May 07, 2026

Daily FT

The real enemy is already logged in. A wake-up call for Sri Lanka's boardrooms

OVER the last three months, Sri Lanka has witnessed a series of financial disasters that should keep every CEO awake at night.

3 min  |

May 07, 2026

Daily FT

Japan to host 60th ADB Annual Meeting in 2027

JAPAN will host the Asian Development Bank’s (ADB) 60th Annual Meeting in Aichi-Nagoya from 2-5 May.

1 min  |

May 07, 2026

Daily FT

It's not cricket: Pakistan athletes allowed in India for multilateral sport

PAKISTANI players and teams will be able to participate in multilateral events hosted by India, but bilateral events remain off the table, India's sport ministry said on Wednesday.

1 min  |

May 07, 2026
Daily FT

Daily FT

Palm oil is a necessity; the real challenge is making it sustainable

IN 2021, Sri Lanka took a bold and widely noticed decision: to ban palm oil imports and phase out domestic oil palm cultivation.

4 min  |

May 07, 2026

Daily FT

Strong demand for Bills at weekly auction

THE weekly Treasury Bill auction conducted yesterday, was fully subscribed, raising the entire Rs. 100 billion on offer at the first phase in competitive bidding.

2 min  |

May 07, 2026
Daily FT

Daily FT

Opposition submits motion seeking debate on alleged Executive interference in Judiciary

A group of Opposition parliamentarians yesterday submitted a motion to Speaker Dr. Jagath Wickramaratne seeking a Parliamentary debate on what they described as Executive encroachments on the Judiciary.

1 min  |

May 07, 2026
Daily FT

Daily FT

Sri Lanka and Australia partner FAO

Cyclone Ditwah, which struck Sri Lanka in November 2025, caused widespread devastation across the country, severely disrupting agricultural production systems and livelihoods.

2 min  |

May 07, 2026

Daily FT

ICS Sri Lanka Celebrates Excellence at 32nd Annual Awards Ceremony

THE Institute of Chartered Shipbrokers was founded in 1911 and It received its Royal Charter on 21 January 1920, henceforth it was known as the Institute of Chartered Shipbrokers.

3 min  |

May 07, 2026

Daily FT

Allianz Lanka, partners WEBXPAY to deliver comprehensive digital payment solution

ALLIANZ Lanka has announced a strategic partnership with WEBXPAY, marking a major milestone in its journey towards delivering a seamless, customercentric insurance experience.

1 min  |

May 07, 2026

Daily FT

Sri Lanka Customs revenue surges 30.5% above April target

SRI Lanka Customs has recorded a strong revenue performance in April, exceeding its monthly target by 30.5%, while cumulative collections for the first four months of the year rose sharply by nearly 50% year-on-year (YoY), official data showed.

1 min  |

May 07, 2026
Daily FT

Daily FT

Sri Lanka showcases boutique and luxury tourism at B2B Luxury Connect 2026

SRI Lanka reaffirmed its position as a premier destination for boutique and luxury tourism at the B2B Luxury Connect Sri Lanka 2026, held at the Monarch Imperial, Sri Jayawardenepura.

2 min  |

May 07, 2026