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ComBank wins 'Best Cross Border Salience – LMM' award from Visa

Daily FT

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May 19, 2025

Commercial Solutions Excellence Awards 2025, presented during the recent Visa Leadership Conclave in Colombo.

THE Commercial Bank of Ceylon has been honoured with the award for 'Best Cross Border Salience – Large and Mid-Market' at the Visa Commercial Solutions Excellence Awards 2025, presented during the recent Visa Leadership Conclave in Colombo.

This annual awards program recognises outstanding performance across Visa's commercial payments ecosystem that enables businesses in Sri Lanka with the power of digital payments. Commercial Bank secured the top award for cross border excellence, in acknowledgement of the bank's leadership in helping Sri Lankan enterprises transact seamlessly and securely on the global stage.

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Daily FT

Daily FT

Tourist arrivals cross 2.2 m mark

THE anticipated tourism rebound is edging into its final, decisive stretch of 2025 with arrivals now firmly above 2.2 million as of first half of the month, but the arithmetic of the final weeks suggests the industry will need an exceptional December to meaningfully exceed its lower-end ambitions.

time to read

2 mins

December 17, 2025

Daily FT

Indian rupee slips to all-time low of 91.07 against US dollar

The Indian rupee (INR) fell to a record low on yesterday against the US dollar, as uncertainty looms over the India-US trade deal after several rounds of negotiation between both sides and sustained outflow of foreign capital.

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1 min

December 17, 2025

Daily FT

Govt. clears Rs. 47.18 b revision for lower Malwathu Oya project

Cabinet approves extending timeline to 2030

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1 mins

December 17, 2025

Daily FT

Daily FT

Parliament sits tomorrow to approve Rs. 500 b spending bill for disaster recovery

CABINET Spokesman and Minister Dr. Nalinda Jayatissa yesterday confirmed that the Government will convene a special sitting of Parliament on 18 and 19 December to present and secure approval for a Rs. 500 billion Supplementary Estimate for 2026, aimed at urgently financing disaster management, infrastructure development, and the rebuilding of damaged homes.

time to read

1 mins

December 17, 2025

Daily FT

Three State agencies face Rs. 216 b Ditwah damages bill

Road and bridge restoration alone estimated at Rs. 190 b Power and water utilities report losses exceeding Rs. 25 b Damage to railways and regional roads yet to be assessed World Bank, ADB funding being explored to cover damages

time to read

2 mins

December 17, 2025

Daily FT

Daily FT

SLASSCOM: Tech pay stabilising as firms pivot to performance

SRI Lanka's technology services sector (including IT, BPM, and tech services) is entering a phase of pay normalisation, with companies moving away from crisis-era salary hikes and sharpening their focus on performanceand skill-based rewards, according to the SLASSCOM Compensation and Benefits Survey Report 2025.

time to read

2 mins

December 17, 2025

Daily FT

Yala paddy stocks to reach market ahead of festive season

THE Cabinet of Ministers at their meeting on Monday approved steps to mill and release paddy stocks purchased during the last Yala season into the domestic market, as the Government seeks to ease supply pressures ahead of the year-end festive period without resorting to direct price controls.

time to read

1 mins

December 17, 2025

Daily FT

Two changes in Adelaide as Aussies confirm XI for third Test

AUSTRALIA have locked in their playing XI for the third AshesTest against England in Adelaide.

time to read

1 mins

December 17, 2025

Daily FT

Daily FT

Tea output slips in Nov.; cumulative crop still ahead in 2025

SRI Lanka's tea production declined in November 2025, reversing the marginal gains seen a month earlier, although cumulative output for the year to date remained ahead of last year's levels.

time to read

1 min

December 17, 2025

Daily FT

Daily FT

JVP's II Viru Samaruva

THE JVP held its 36th annual mega commemorative rally, \"Il Viru Samaruva\" in November in Colombo to salute their comrades who laid their lives at the hands of their 'enemies', when they had valiantly struggled for the supreme objective of creating a socialist society in Sri Lanka in 1971 and in the 1988-'89 period.

time to read

1 mins

December 17, 2025

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