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President declares power supply essential service to block CEB unions

Daily FT

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September 22, 2025

PRESIDENT Anura Kumara Disanayake yesterday issued a Gazette declaring all electricity-related services as essential services.

The move comes as Ceylon Electricity Board (CEB) unions prepare to escalate trade union action against the Government's plan to restructure the utility.

Last week, the unions staged a work-to-rule campaign and protest, with further disruptions threatened.

Daily FT से और कहानियाँ

Daily FT

Selyn warns of policy and access disconnect for SMEs

Selyna Peiris calls for urgent fixes in implementation, credit delivery, and rural support

time to read

1 mins

November 12, 2025

Daily FT

Hulangamuwa says 2026 Budget restores private sector's role as "engine of growth"

ADVISER to the President on Economic Affairs and Finance Duminda Hulangamuwa yesterday said that the key theme of the 2026 Budget is mobilising private capital and restoring the private sector's role as the \"engine of growth.

time to read

3 mins

November 12, 2025

Daily FT

Treasury Secretary outlines 2026 Budgets' six-pronged growth vision

Suriyapperuma says Govt. targets 7% GDP rise via stability, transparency and digitisation at Daily FT-University of Colombo MBA Alumni Association post-Budget forum

time to read

4 mins

November 12, 2025

Daily FT

JKCG updates customers on detained BYD vehicles

JOHN Keells CG Auto (JKCG) yesterday issued a statement updating its customers and stakeholders on the ongoing proceedings before the Court of Appeal regarding the detention of certain consignments of BYD vehicles by Sri Lanka Customs.

time to read

2 mins

November 12, 2025

Daily FT

Challenging revenue targets for 2026 amid rigid spending and weak welfare coverage: Economist

Dr. Roshan Perera urges continued fiscal discipline beyond IMF program

time to read

3 mins

November 12, 2025

Daily FT

Cabinet clears Rs. 774 m vehicle procurement for Department of Prisons

THE Cabinet of Ministers on Monday approved the procurement of vehicles for the Department of Prisons, allocating Rs. 774 million to enhance the department's operational efficiency in managing court-related duties and inmate welfare.

time to read

1 min

November 12, 2025

Daily FT

LOLC Finance reports Rs. 14 b 1H ΡΑΤ

LOLC Finance PLC said yesterday it has delivered a strong performance for the six months ended 30 September 2025, reflecting steady growth across key business lines and improved profitability amid a competitive operating environment.

time to read

1 mins

November 12, 2025

Daily FT

Unlocking Sri Lanka's SME powerhouse: New Secured Transactions Registry

IMAGINE a talented dressmaker in Sri Lanka who dreams of expanding her small business. She has a shop in town, a loyal customer base, and the potential to hire more staff. But there is one major obstacle - access to finance.

time to read

3 mins

November 12, 2025

Daily FT

Cabinet approves merger plan to strengthen State housing finance banks under BOC and People's Bank

THE Cabinet of Ministers at their meeting on Monday approved restructuring two state-affiliated housing finance institutions—the Housing Development Finance Corporation Bank (HDFC) and the State Mortgage and Investment Bank (SMIB), by bringing them under the ownership of the Bank of Ceylon (BOC) and People's Bank to ensure banking sector stability and protecting depositors.

time to read

1 min

November 12, 2025

Daily FT

Daily FT

Sri Lanka backs Riyadh Declaration on Future of Tourism

Foreign Affairs and Tourism Minister in Riyadh for 26th Session of UNWTO General Assembly Says policy directions and strategies outlined in Riyadh Declaration consistent with Sri Lanka's own tourism and digital transformation priorities

time to read

1 min

November 12, 2025

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