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Daily FT

Daily FT

INSEE Cement leads the way as first cement manufacturer in Sri Lanka to achieve EcoLabel

INSEE Cement (Siam City Cement (Lanka) Limited), Sri Lanka's only fully integrated cement manufacturer and market leader behind flagship brands INSEE Sanstha and Mahaweli Marine Plus, has become the first cement company in Sri Lanka to be awarded the prestigious EcoLabel certification by the National Cleaner Production Centre (NCPC) Sri Lanka, the local authority responsible for running the EcoLabel programme in Sri Lanka and the country's Global Ecolabelling Network (GEN) representative.

2 min  |

October 23, 2025
Daily FT

Daily FT

Sutherland-Gardner record century partnership crushes England

ANNABEL Sutherland and Ashleigh Gardner produced one of the very best partnerships in ICC Women's Cricket World Cup history to steer Australia to a convincing six-wicket win over traditional rivals England in their match played at Indore yesterday.

2 min  |

October 23, 2025
Daily FT

Daily FT

NCPC Sri Lanka becomes the Leading Greenhouse Gas Verification Body

At the heart of Sri Lanka’s climate accountability efforts stands the National Cleaner Production Centre, Sri Lanka (NCPCSL)—the country’s leading Greenhouse Gas (GHG) verification body.

2 min  |

October 23, 2025
Daily FT

Daily FT

Electoral reactivation of provincial councils is an urgent systemic imperative

MY late friend and comrade Kethesh Loganathan, son of a famous banker, a Georgetown alumnus, theoretician of the Marxist-led EPRLF and finally, Deputy Head of the Peace Secretariat (SCOPP) who was assassinated by the LTTE when answering his doorbell, named his book ‘Lost Opportunities’, because that’s what he saw as the key motif of the Sri Lankan tragedy.

9 min  |

October 23, 2025

Daily FT

NDB Bank excels once again at NBQSA 2025 with dual wins for Secure360 2.0 and TradeLinc 2.0

NATIONAL Development Bank PLC (NDB Bank) has earned two prestigious recognitions at the National Best Quality Software Awards (NBQSA) 2025, hosted by the BCS The Chartered Institute for IT (Sri Lanka Section).

1 min  |

October 23, 2025

Daily FT

Softlogic Life raises bar for corporate reporting disclosures with Al innovation

SOFTLOGIC Life has redefined the nation’s corporate reporting landscape with the launch of its groundbreaking 2024 Annual Report themed \"CHANGE MAKER.”

3 min  |

October 23, 2025

Daily FT

ITX360 secures ISO 9001:2015 and ISO 14001:2015 certifications for second consecutive year

ITX360 Ltd., has once again achieved the internationally recognised ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System) certifications, marking its second consecutive year of compliance with these globally accepted standards.

1 min  |

October 23, 2025

Daily FT

Govt. to allocate more for mitigating floods from 2026 Budget

CABINET Spokesman and Minister Dr. Nalinda Jayatissa has said a significant amount of funds will be allocated in the upcoming Budget to strengthen flood mitigation efforts.

1 min  |

October 23, 2025
Daily FT

Daily FT

Sri Lanka names 8-member squad for Hong Kong Sixes

SRI Lanka has named an eight-member squad to participate in the Hong Kong Sixes Cricket tournament which will be played at the Tin Kwong Road Recreation ground from 7 to 9 November.

1 min  |

October 23, 2025
Daily FT

Daily FT

SLC cancels LPL 2025 to prepare venues for T20 World Cup

SRI Lanka Cricket (SLC) yesterday said that the Lanka Premier League (LPL) 2025 will not be held this year as originally planned.

1 min  |

October 23, 2025

Daily FT

Survivors seek $ 15 m in reparations for 1989 Valvettithurai massacre

SURVIVORS and families of victims of the 1989 Valvettithurai massacre have submitted a detailed reparations claim to the Office for Reparations, seeking $ 15 million (about Rs. 4.5 billion) in compensation for mass killings and destruction carried out by the Indian Peace Keeping Force (IPKF) 36 years ago.

1 min  |

October 23, 2025

Daily FT

Rs. 630 m allocated to locally manufacture assistive devices for differently-abled

CABINET Spokesman and Minister Dr. Nalinda Jayatissa yesterday said the Cabinet of Ministers has approved a Rs. 630.2 million project to locally manufacture assistive devices for differently-abled persons.

1 min  |

October 23, 2025

Daily FT

Rs. 761 m approved for textbook printing by State Printing Corporation

CABINET Spokesman and Minister Dr. Nalinda Jayatissa yesterday said the Cabinet of Ministers has approved the printing of 6.04 million textbooks and modules by the State Printing Corporation at a cost of Rs. 761.29 million, excluding VAT.

1 min  |

October 23, 2025
Daily FT

Daily FT

Benchmarking National Budget 2026 and making theatrics of cheerleaders superfluous

SRI Lanka’s National Budget will be unveiled on 7 November 2025, and I hope it will be significantly different from the predictable rhetoric and theatrics we have heard and witnessed in the past.

8 min  |

October 23, 2025

Daily FT

Kusal Jayawardana appointed Chairman of Lanka Ventures and LVL Energy Fund

BRINGING over 27 years of experience in investment banking, capital markets, corporate advisory, and financial services, Kusal Jayawardana has been appointed as the Chairman of Lanka Ventures PLC and LVL Energy Fund PLC.

1 min  |

October 23, 2025

Daily FT

Tea export earnings continue to rise

SRI Lanka Customs data analysed by Siyaka Research confirms that the country earned $ 1.16 billion from tea exports for the period January to September 2025. Almost 10% more than last year’s figure of $ 1.06 billion for the comparable period.

1 min  |

October 22, 2025
Daily FT

Daily FT

"Around the World in Magnets – Sri Lanka": Journey that captures island’s soul, one magnet at a time

TRAVEL meets art in a celebration of stories, culture, and craftsmanship with the launch of “Around the World in Magnets - Sri Lanka,” a groundbreaking travelogue by Dr. Anthony Vipin Das and Vidushi Duggal, published by Sarasavi Publishers.

2 min  |

October 22, 2025

Daily FT

JF Packaging eyes debt-free growth, stronger investor returns post-listing

JF Packaging Ltd. is preparing to enter a new growth phase following its Rs. 600 million Initial Public Offering, with the company aiming to reduce debt, boost profitability, and accelerate investment in innovation and exports.

2 min  |

October 22, 2025
Daily FT

Daily FT

HIP strengthens role as regional hub with 151% volume growth

CARGO volumes at Hambantota International Port (HIP) have surged by 151% year-on-year, with throughput reaching 6,028,493 metric tons by September 2025 compared to 2,397,971 metric tons in the same period last year. This was achieved despite operational challenges triggered by lifting the ban on local vehicle imports.

1 min  |

October 22, 2025

Daily FT

Sri Lankan Kabaddi and Beach Volleyball teams eye medals in Bahrain

SRI Lanka contingent competing at the Asian Youth Games 2025 in Bahrain had plenty to cheer about as both the Men’s Kabaddi and Beach Volleyball teams recorded impressive victories to move closer to medal contention These results have given the Sri Lankan camp renewed confidence as the Games enter their decisive stages.

1 min  |

October 22, 2025

Daily FT

Credit card balances up 3.9% YTD Aug. to Rs. 164 b

LATEST data from the Central Bank of Sri Lanka (CBSL) shows that total outstanding balance on credit cards rose to Rs. 164.2 billion in August, up 3.9% from end-2024 and a 1.8% gain from the previous month.

1 min  |

October 22, 2025
Daily FT

Daily FT

Fixing the tax code: Fairness in, distortions out

KAUTILYA, the chief advisor to Chandragupta Maurya in the 3rd century BC, wrote in his treatise The Arthashastra that taxes should be collected \"just as a bee collects honey from a flower without disturbing its petals.\"

10 min  |

October 22, 2025

Daily FT

CBSL, Gem Authority direct dealers to appoint compliance officers

THE Central Bank of Sri Lanka (CBSL) and the National Gem and Jewellery Authority (NGJA) have called on gem dealers to appoint compliance officers to help curb money laundering in the sector.

1 min  |

October 22, 2025

Daily FT

Casino levy raised to 18%, local entry fee doubled to $ 100

PRIME Minister Harini Amarasuriya yesterday tabled in Parliament the gazette giving effect to an increase in the levy on casino operators from 10% to 18%, effective from 1 October 2025.

1 min  |

October 22, 2025

Daily FT

Sri Lanka calls for urgent global reforms at UN trade summit

TRADE Minister Wasantha Samarasinghe called for urgent reforms to address widening inequalities in the global economy, speaking at the opening of the 16th United Nations Conference on Trade and Development (UNCTAD) in Geneva on Monday.

1 min  |

October 22, 2025

Daily FT

ICTA says online Govt. services now fully operational

THE Information Communication Technology Agency of Sri Lanka (ICTA) yesterday said the technical issues which caused the recent disruption to the Lanka Government Cloud (LGC) services have been fully resolved. All affected online Government services are now fully operational and accessible to the public.

1 min  |

October 22, 2025
Daily FT

Daily FT

SriLankan Airlines' earnings fall 134% YoY to Rs. 2.7 b loss

Annual report shows shareholder funds at a negative Rs. 379.5 b for FY 2024/25 Loss after Rs. 7.9 b profit previous year from unscheduled Rs. 2.2 b engine repair costs, Rs. 31.6 b net finance charges Passenger revenue down 15% YoY to Rs. 234.5 b Unpaid International Bonds with interest $ 211.57 m

3 min  |

October 22, 2025
Daily FT

Daily FT

Rayynor Silva enters Seylan Bank as Dhammika Perera exits selling 5% for Rs. 1.5 b

Diversifies banking sector portfolio which includes 10% of Sampath, DFCC and 1% of Commercial Bank

1 min  |

October 22, 2025
Daily FT

Daily FT

Dhammika Kalapuge launches new public program “Sinhalaen Customer Service”

SERVICE excellence trainer Dhammika Kalapuge presented his first-ever Sinhala public program on Customer Experience, titled 'Sinhalen Customer Service,' on 12 October 2025, at the Cinnamon Grand Hotel.

2 min  |

October 22, 2025
Daily FT

Daily FT

University of West London opens first UK branch campus in Colombo with ANC Education

ANC will upgrade and redevelop its existing building into a dedicated UWL branch campus by 2026 Campus will offer 15 undergraduate and 12 structured postgraduate programs by 2026 New degrees cover high-demand areas with industry aligned programs Founding goal partnership began in 2012 to deliver identical UK programs and produce job-ready graduates Students gain direct enrolment with University of West London for qualifications and global networks Degree costs will be significantly lower than pursuing the same programs in UK

3 min  |

October 22, 2025