कोशिश गोल्ड - मुक्त

Matara's Festival for the Arts out to prove arts can rebuild a city

Daily FT

|

October 01, 2025

AROUND the world, leading economies and cultural capitals are either longstanding powerhouses of arts and culture or are actively investing to become so.

- BY CHANCHALA SAMARAWEERA GUNEWARDENA

Whether in cities such as Paris, New Orleans, Dhaka, Kyoto, Mexico City, Bukhara, and London — or in countries like South Korea, India, Bhutan, South Africa, Egypt, and Peru — the pattern is clear: the arts are being recognised as an industry strategy, a tool of foreign policy, and a national development priority. The numbers speak for themselves. This summer, Puerto Rican superstar Bad Bunny made headlines with a 30-day residency that attracted celebrity attendees including LeBron James, Penélope Cruz, and Kylian Mbappé - and injected nearly USD 200 million in tourism revenue, doubling summer arrivals to 600,000. Meanwhile, as noted by UN Trade and Development, the global juggernauts of K-Pop, K-Beauty and K-Dramas 'boast a 4% to 5% annual growth rate, employ over 600,000 people, and generate $12.4 billion in export revenue in 2021. In comparison, the Republic of Korea's consumer electronic equipment exports generated $4.7 billion.'

University College London (UCL) Professor in the Economics of Innovation and Public Value Mariana Mazzucato, released a discussion paper on The Public Value of Arts and Culture. She notes that when governments embed art, green spaces, sports, cultural programmes, and social services into public infrastructure, they not only improve quality of life but also signal that "all people, especially the most marginalised, deserve dignity, beauty, and joy."

The World Bank echoed this in its 2020 publication The Hidden Wealth of Cities, observing that people who live near high-quality public spaces are more trusting, less isolated, and have greater faith in government. And in this age of AI, do we even need to underline how vital human creativity, originality, and connection have become?

Daily FT से और कहानियाँ

Daily FT

Govt. missing the wood for trees

CABINET Spokesman Minister Dr. Nalinda Jayatissa announced this week that the Government plans to lease 24 bungalows and official residences formerly used by Government Ministers to private investors and international organisations.

time to read

2 mins

January 08, 2026

Daily FT

Daily FT

Sri Lankan-born Ray Jayawardhana appointed Caltech's 10th President

DR. Ray Jayawardhana, an accomplished academic leader and renowned astrophysicist who currently serves as provost of Johns Hopkins University, has been named Caltech's next President, the tenth in the Institute's 105-year history.

time to read

3 mins

January 08, 2026

Daily FT

Daily FT

Jetwing Saman Villas wins "Best International Hotel for Weddings" at Travel+Leisure India's Best Awards 2025

JETWING Saman Villas, part of Jetwing Luxury Reserves, has been awarded “Best International Hotel for Weddings” at the 14th edition of Travel+Leisure India and South Asia's Best Awards, held last month in New Delhi.

time to read

1 mins

January 08, 2026

Daily FT

27TH PRESIDENTIAL EXPORT AWARDS PRESENTED TO SRI LANKAN EXPORTERS IN RECOGNITION OF THEIR EXCEPTIONAL CONTRIBUTIONS TO THE EXPORT SECTOR

The Sri Lanka Export Development Board (EDB) successfully concluded the 27th Presidential Export Awards (PEA) Ceremony on Thursday, December 11, 2025, at the Bandaranaike Memorial International Conference Hall (BMICH), under the patronage of Hon.

time to read

2 mins

January 08, 2026

Daily FT

Daily FT

Message from the Chairman of the Sri Lanka Export Development Board

As we concluded 2025, it is with immense pride that we reflect on the historic achievements of Sri Lanka's export community celebrated at the 27th Presidential Export Awards Ceremony held on December 11, 2025, at the Bandaranaike Memorial International Conference Hall (BMICH).

time to read

1 mins

January 08, 2026

Daily FT

Daily FT

Govt. flags drop in Korean job placement

■Outlines diplomatic push for relief to over 10,000 candidates

time to read

3 mins

January 08, 2026

Daily FT

Daily FT

LB Finance recognised at ICSDB 2025 for excellence in sustainability and digital innovation

LB Finance PLC earned distinguished recognition at the 4th International Conference on Sustainable and Digital Business 2025 (ICSDB 2025), organised by the SLIIT Business School on 11 and 12 December 2025 at Waters Edge.

time to read

1 min

January 08, 2026

Daily FT

Daily FT

Stock market suffers worst humiliation in 130-year history

Trades and orders up to first 24 minutes cancelled after questionable maiden transactions of newly listed Wealth Trust Securities shares

time to read

4 mins

January 08, 2026

Daily FT

Weekly T-Bill auction averages rise for 3rd straight week; Rs. 100 b auction fully subscribed

Secondary Bond market yields drop further; market remains active

time to read

2 mins

January 08, 2026

Daily FT

Daily FT

British Sri Lankan Muslim Organisations donate £ 25,000 to rebuilding and disaster recovery efforts

BRITISH Sri Lankan Muslim organisations came together to express their solidarity and commitment to help their motherland and handed over a collective donation of £25,000 (Rs 10.5 Million) towards Sri Lankan Government’s National Rebuilding and Disaster Recovery Initiative, efforts following the severe impact of Cyclone DITWA, Flooding and Landslide.

time to read

2 mins

January 08, 2026

Listen

Translate

Share

-
+

Change font size