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Latest omission of Colombo Port sparks fear among exporters

Daily FT

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September 15, 2025

EXPORTERS are yet again faced with challenges as operational delays in the Port of Colombo have resulted in vessels omitting the Port of Colombo and going on to ports in India where their cargo is unloaded with minimal delay.

These last-minute omissions by lines at Colombo leave exporters with no options, as the cargo destined for Colombo could be as late as two weeks from the original date.

Last week, the vessel operator ZIM Integrated Shipping Services Ltd., ship MV Shanghai 018W, which was due in Colombo on 14 September, advised its Sri Lankan clients that the vessel will omit Colombo and go on to India, only to return to Colombo 10 days later.

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Daily FT

Sri Lanka tax administration 20 years behind Africa, says Prof. Mick Moore

PROF. Mick Moore said Sri Lanka's tax administration is two decades behind many African countries and must shift its focus to large-scale evaders if it is to close the revenue gap, at the 'Debt and Tax Dialogue' forum organised by Arutha Research recently.

time to read

4 mins

September 16, 2025

Daily FT

Magampura Port Management Company defaults on $ 19 m loan

THE Committee on Public Enterprises (COPE) has found that the Magampura Port Management Company, a fuel supply unit of the Sri Lanka Ports Authority (SLPA) at the Hambantota Port, is in the process of liquidation with nearly $ 19 million borrowed from a local bank unpaid.

time to read

1 min

September 16, 2025

Daily FT

Daily FT

Secondary Bond market activity subdued ahead of US Fed policy meeting

THE secondary Bond market yesterday started off the new trading week on a dull note, with activity and transaction volumes at subdued levels.

time to read

1 mins

September 16, 2025

Daily FT

Visa reinforces cybersecurity commitment with 11th Annual Cyber Security Summit

Returns as a strategic partner for seventh consecutive year for Daily FT-CICRA Annual Summit, underscoring their commitment to building a secure, resilient and trustworthy digital payments economy

time to read

2 mins

September 16, 2025

Daily FT

Economy inches up in 2Q since losing momentum for two quarters

SRI Lanka's economy in the second quarter of 2025 has inched upwards after losing momentum in the previous two quarters.

time to read

3 mins

September 16, 2025

Daily FT

CBSL survey shows business confidence rising to three-year high

THE Central Bank of Sri Lanka (CBSL) recently said its Business Outlook Survey (BOS) Business Condition Index rose to 130 in 2Q 2025, the highest since falling to a low 28 in the 2Q 2022, which would extend further to 138 in 3Q 2025.

time to read

2 mins

September 16, 2025

Daily FT

Court fixes Rambukwella asset case for 1 October

THE Colombo High Court yesterday ordered that the case against former Minister Keheliya Rambukwella, his wife, three daughters, and son-in-law over alleged unlawfully acquired assets be recalled on 1 October.

time to read

1 min

September 16, 2025

Daily FT

First-ever EFC National Best Employer Awards up for grabs

lives. Through this partnership, AIA reaffirms its commitment to holistic wellbeing by supporting healthier, happier workplaces and communities.

time to read

2 mins

September 16, 2025

Daily FT

Daily FT

Prima KottuMee backs young footballers with scholarships

PRIMA KottuMee has reaffirmed its commitment to nurturing football in Sri Lanka through the second edition of AC Milan Advance Camp held in collaboration with Colombo Athletic and Football Academy.

time to read

1 min

September 16, 2025

Daily FT

Slim Pharmaceuticals appoints Riza Cassim as CEO

SLIM Pharmaceuticals Ltd., has announced the appointment of Riza Cassim as its new Chief Executive Officer.

time to read

2 mins

September 16, 2025

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