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Daily FT

PMF Finance appoints Ivon Brohier as Chief Operating Officer to drive strategic and operational growth

PMF Finance PLC has announced the appointment of Ivon Brohier as its new Chief Operating Officer, reinforcing the company’s strategic direction and operational agility as it continues its transformation journey.

1 min  |

August 15, 2025

Daily FT

Chamber of Marine Industries of Sri Lanka holds AGM, charts course for future growth

THE Chamber of Marine Industries of Sri Lanka (CMISL) convened its third Annual General Meeting (AGM) at the Cinnamon Grand last week. This gathering marked a significant milestone in the nation’s maritime journey, uniting industry leaders, experts and visionaries.

3 min  |

August 15, 2025
Daily FT

Daily FT

Logistics at the Crossroads: Embracing Digital Transformation for a Resilient Future

On this National Logistics Day, we pause to recognize an industry that silently yet powerfully keeps the world movinglogistics. From delivering essentials during crises to connecting global economies, the logistics and freight forwarding sector is the unsung hero behind modern life. But as we look around in 2025, it’s clear that the industry is not merely evolving—it’s undergoing a complete transformation.

3 min  |

August 15, 2025
Daily FT

Daily FT

Sri Lanka at Human Rights Council: “Engage to Disengage”

TIME is ticking off. And it is ticking off on Sri Lanka's human rights and accountability front. In Geneva.

6 min  |

August 15, 2025
Daily FT

Daily FT

Hafiz Sheriff announces release of second book - “Character” by Austin Macaulay Publishers UK

CHARTERED accountant-turned author Hafiz Sheriff has announced the launch of his second book, “Character”, which will be released worldwide today, 15 August, by Austin Macaulay Publishers (UK).

2 min  |

August 15, 2025

Daily FT

CIOB holds Sri Lanka Sustainability Awards tomorrow

SRI Lankan Sustainability Awards (SSA)-2025 night, organised by the Ceylon Institute of Builders (CIOB) in partnership with the 13th World Construction Symposium, featuring academic participation from the Building Economics and Management Research Unit (BEMRU) of the University of Moratuwa will take place tomorrow, 16 August at 6 p.m. at Hilton Colombo.

1 min  |

August 15, 2025

Daily FT

Advantis Group Strengthening Sri Lanka's Role in Global Trade

Ruwan Waidyaratne, Managing Director of Advantis Group, the transportation and logistics arm of Hayleys PLC, has over three decades of experience in the sector. He has played a key role in expanding the Group's operations across South Asia and Southeast Asia, while diversifying its service portfolio. With a focus on sustainable growth and a people-first approach, he works to drive innovation, build industry partnerships, and support the resilience of the logistics sector. On the occasion of National Logistics Day, he shares his perspective on the evolving logistics landscape and the opportunities ahead for Sri Lanka.

3 min  |

August 15, 2025

Daily FT

Public, media invited to comment on Online Safety Act amendments

THE Public Security Ministry has invited the public, including local and international media, to submit observations, comments, recommendations, and suggestions on proposed amendments to the Online Safety Act, No. 9 of 2024.

1 min  |

August 15, 2025

Daily FT

COYLE, JETRO kick-off Sri Lankan Corporate Health and Productivity Awards 2025

THE Chamber of Young Lankan Entrepreneurs (COYLE), in partnership with the Japan External Trade Organisation (JETRO), officially launched the Sri Lankan Corporate Health and Productivity Awards (SLCHPA) 2025 at Shangri-La Colombo recently.

2 min  |

August 15, 2025

Daily FT

Salt producers urge enforcement of packaging law, release of 400 stalled containers

Calls on Govt. to release 400 containers (11,200 tons) worth Rs. 800 m stuck at Colombo Port for 45 days Sri Lanka Salt Producers’ Association Chairman Ganaka Amarasinghe says heavy rains during 2023 Yala and 2024 Maha seasons hit production in main salt areas of Puttalam, Mannar, Elephant Pass, Trincomalee, Hambantota Domestic output falls short of 185,000-ton annual need; claims imports from India violate mandatory labelling laws National Organiser Chaminda Rusiru Maliyedda says port delays due to shipping company issues risk worsening shortages and destabilising market

1 min  |

August 15, 2025
Daily FT

Daily FT

PickMe marks 10 years with Al push and rural expansion plan

10th anniversary celebrations see a series of giveaways worth Rs. 10 m

2 min  |

August 15, 2025
Daily FT

Daily FT

Premier Harini’s gaffe and JVP-led NPP Govt.’s damage control efforts

THE Janatha Vimukthi Peramuna (JVP) led National People’s Power (NPP) Government of President Anura Kumara Dissanayake known as AKD, has been in the saddle for close upon a year now. Given the JVP-NPP’s 159 members of Parliament and the victories registered in the local authority polls, the chances of being dislodged from the saddle soon seem remote.

10+ min  |

August 15, 2025

Daily FT

Maersk raises full-year guidance amid volatile external environment

Highlights Q2

2 min  |

August 15, 2025

Daily FT

Casinos: Economic imperatives amidst moral/social concerns

THE topic of casinos — a form of gambling — has always been a divisive issue within the Sri Lankan society. Ina country where lottery tickets are sold in every street corner, casinos remain amoral taboo. The media as well as the clergy relate casinos with vices like prostitution and drug trading. Buddhism, the main religion of the island state, views gambling negatively and recognises it as a habit which leads individuals into ruin. The Islamic faith, which too has a considerable following in the country, strictly prohibits gambling.

2 min  |

August 15, 2025

Daily FT

Hemal Lokugeegana assumes duties as CEO of HDFC bank with other key appointments

HEMAL Chaminda Lokugeegana has been appointed as the General Manager/CEO of HDFC Bank of Sri Lanka with effect from 14 August, and officially assumed duties at the bank’s Head Office.

2 min  |

August 15, 2025
Daily FT

Daily FT

Pulsar N160 dominates sports motorcycle segment in Sri Lanka

THE Bajaj Pulsar N160, marketed and distributed by David Pieris Motor Company Ltd., is now dominating Sri Lankan roads with two models the Pulsar N160 Premium and Pulsar N160 Normal, available at all DPMC showrooms and over 220 dealers islandwide.

2 min  |

August 15, 2025
Daily FT

Daily FT

Factors driving growth in global air freight industry

Speed, reliability, and supply chain precision have become cornerstones of global commerce. As businesses operate across borders and customers expect shorter delivery times, the need to move products efficiently across continents has become essential. Air freight isn't just connecting time zones-it's enabling fast, predictable service that modern logistics depend on.

6 min  |

August 15, 2025

Daily FT

Global logistics market to reach $20 t by 2033

The global logistics market is projected to grow to $20.1t by 2033, reflecting a compound annual growth rate of 7.3% from 2024 to 2033. According to Allied Market Research's latest study, e-commerce is one of the factors driving demand for faster and more efficient delivery solutions, including last-mile logistics.

1 min  |

August 15, 2025
Daily FT

Daily FT

What drives employee loyalty in global logistics companies?

Global logistics is an intense and in-demand industry. Consequently, making employees feel connected to their work and rewarding strong performance are critical forms of outreach to help retain the best employees.

4 min  |

August 15, 2025

Daily FT

Cannabis cultivation for export under strict regulations: Cabinet Spokesman

CABINET Spokesman and Minister Dr. Nalinda Jayatissa on Tuesday said Sri Lanka will allow regulated cannabis cultivation within designated export zones for the first time, with production strictly limited to export markets.

1 min  |

August 14, 2025

Daily FT

FACETS 2026 to debut at Cinnamon Life, ushering new era for Sri Lanka's gem showcase

SRI Lanka’s premier gem and jewellery showcase, FACETS 2026, is set to return for its 32nd edition from 3 to 5 January 2026, marking a bold new chapter for the internationally acclaimed exhibition.

3 min  |

August 14, 2025
Daily FT

Daily FT

Sri Lanka accelerates export reforms as President chairs second EDCM meeting

Announces series of new policy measures and infrastructure initiatives to push towards $ 36 b target by 2030 Reviews progress on 10 priority initiatives; several near completion EDB reports full ITRS rollout for export services, near-finished tariff review for electronics, railway test facility upgrades, cargo scanner installation at Katunayake and higher bank guarantee ceiling for overseas construction from $ 1 m to $ 5 m New measures to expand Freeport to 60 operators, develop Trincomalee Harbour as marine hub, scrap $ 200 OPL levy at Galle and Hambantota Agriculture duty set-offs for poultry, spices, boost gem and jewellery exports, aid tea smallholder replanting Sector reforms include; lift pharma brand limit, remove 18% VAT on packaging, promote renewable energy in high-power exporters Coconut industry target $ 2.5 b exports by 2030 via targeted imports and Northern plantations President orders creation of Investment Facilitation Committee, faster implementation and monthly progress tracking

2 min  |

August 14, 2025

Daily FT

Message by the High Commissioner of Pakistan in Sri Lanka Major General (Retd) Faheem Ul Aziz

On the auspicious occasion of the 79th Independence Day of Pakistan, I extend warm greetings and sincere best wishes from the government and people of Pakistan to the government and friendly people of Sri Lanka.

2 min  |

August 14, 2025
Daily FT

Daily FT

Trumpeting for tomorrow

The medium to long term future of our jumbo is bleak unless the National Action Plan for Human Elephant Conflict Mitigation (NAP) is immediately implemented, say conservationists who also call for legal reforms and a centralised coordination hub to help injured elephants.

10+ min  |

August 14, 2025

Daily FT

Rising sons: Namal Rajapaksa, Sajith Premadasa and the Opposition project

\"...But, if our government changes in the next five years while we are in the process of making this change, then everything we started would be ruined. The next group would do something different. That is why we think that if a government can stay in power for 15, 20 or 25 years. Only then would it be able to take the country forward under one vision, one policy framework.\" - Tilvin Silva, General Secretary, JVP

9 min  |

August 14, 2025
Daily FT

Daily FT

Trumpeting Trump's tariff

Exporters agitate

8 min  |

August 14, 2025

Daily FT

CRIB covers 81% adult population, delivers 8.9 m credit reports in 2024

Credit Information Bureau of Sri Lanka hosts AGM for 2024 Performance review says 14.8 m people have active credit records Notes 176% surge in self-inquiry reports, reflecting growing public awareness Secures clearance for MSMEs and general public to access credit, providing movable assets as collateral

3 min  |

August 14, 2025

Daily FT

Cabinet approves fresh push for Microfinance and Loan Regulation Authority Act

THE Cabinet of Ministers on Monday granted policy approval to introduce the Microfinance and Loan Regulation Authority Act, paving the way for the drafting of a revised bill aimed at strengthening oversight of the microfinance sector.

1 min  |

August 14, 2025

Daily FT

US tariff uncertainty disrupts orders, hits non-apparel exporters hardest: CSF survey

US tariffs on Sri Lankan exports have disrupted orders, hitting non-apparel exporters the hardest, according to an August 2025 policy brief by the Centre for a Smart Future (CSF).

2 min  |

August 14, 2025

Daily FT

HNB group PAT grows 42% in 1H

Group assets cross Rs. 2.5t Advances growth in Q2 exceeds Rs. 100 b Deposits grow by over Rs. 140 b in Q2 Asset quality continues to improve, with net Stage 3 ratio at 1.59%

2 min  |

August 14, 2025