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Daily FT - August 30, 2025

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August 30, 2025

CCPI in August 2025 shows deflationary period ending

THE Central Bank said yesterday that following 11 consecutive months of deflation, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021-100), returned to positive territory in August 2025, recording 1.2%, compared to 0.3% deflation in July 2025.

1 mins

CBSL marks 75 years with Rs. 2,000 commemorative note presented to President

TO commemorate the 75th Anniversary of the Central Bank of Sri Lanka (CBSL), Governor Dr. Nandalal Weerasinghe yesterday presented a new Rs. 2,000 commemorative currency note to President Anura Kumara Disanayake at the Presidential Secretariat.

1 mins

Governor Nandalal says CBSL phasing out conflicting legacy roles

Asserts CBSL independency at 75th Anniversary Oration Busts myths, misconceptions, unrealistic expectations confronting CBSL Acknowledges conflicting roles of CBSL and plans to phase them out Says CBSL will gradually stop managing public debt, EPF and concessionary loan schemes for targeted sectors Points to break from contentious practices of the past, CBSL no longer supports fiscal expansion nor controls exchange rate

5 mins

Australia's United Petroleum gives up on Sri Lanka

CPC MD Dr. Mayura Neththikumarage confirms company notified withdrawal, citing operational challenges and small market size Says 64 petrol stations under United Petroleum brand revert to CPC management Exit marks collapse of United Petroleum's first overseas venture, despite earlier pledge of $ 27.5 m investment and 20-year BOI licence

1 mins

SriLankan Airlines marks 46 years with travel treats for passengers

SRILANKAN Airlines completes another journey around the sun on 1 September, celebrating its 46th anniversary by giving its valued customers more reasons to explore the world with special anniversary offers.

1 mins

Construction PMI maintains momentum in July

THE Central Bank yesterday said the Sri Lanka Purchasing Managers’ Index for Construction (PMI — Construction), as reflected by the Total Activity Index, increased to 60.0 in July 2025 from 58.6 the previous month, indicating a continuous expansion in construction activities.

1 mins

Electric waste-collecting boats to revive Beira Lake

WESTERN Province Governor Hanif Yusoof yesterday announced the launch of trials of fully electric, solar-powered waste-collecting boats on the Beira Lake as part of a wider initiative to restore and revive the historic waterbody.

1 mins

President wants private sector to convert Presidential Houses, Ministerial bungalows into tourism resorts

Says official program launching soon President AKD hosts tourism sector for pre-Budget 2026 talks Notes promotional campaigns not enough to achieve tourism targets

1 mins

Seat belts mandatory for expressway bus passengers

TRANSPORT Minister Bimal Rathnayake yesterday said that a gazette notification making it mandatory for passengers traveling in passenger buses on expressways to wear seat belts is scheduled to be issued on 31 August.

1 mins

Stability restored, but where is growth?

NEXUS Public Policy Dialogue probes Sri Lanka's next economic steps

2 mins

Rajitha remanded till 9 September over Kirinda Harbour case

FORMER Fisheries Minister Rajitha Senaratne was yesterday ordered to be remanded till 9 September by Colombo Chief Magistrate Asanga S. Bodaragama in connection with a corruption case linked to the Kirinda Fisheries Harbour project.

1 mins

Former MP Rathana Thera remanded till 12 September over alleged 2020 abduction case

FORMER Member of Parliament Ven. Athuraliye Rathana Thera was yesterday ordered to be remanded until 12 September by the Nugegoda Magistrate’s Court in connection with an alleged abduction case dating back to 2020.

1 mins

Sri Lanka Vanithabhimana 2025 Grand Finale

Celebrates landmark year of women's achievement and sustainable empowerment

1 mins

GDF unites world leaders and experts in Colombo

Explore unique Al-powered green energy, food security and cybersecurity applications

2 mins

People’s Bank presents prizes to winners of ‘People’s Debit Card Gedaratama Thagi — 02’ grand draw

PEOPLE’S Bank recently presented prizes to the three grand prize winners of the ‘People’s Debit Card Gedaratama Thagi — 02’ draw (March — May 2025).

1 mins

Lankan envoy meets Federation of the Pakistan Chamber of Commerce and Industry

HIGH Commissioner-designate of Sri Lanka to Pakistan, Rear Admiral Fred Senevirathna, held a meeting with the FPCCI President on 13 August, at the President's Office of the Federation Chamber of Commerce and Industry in Islamabad.

1 mins

Bling Productions and Eyeon win big at WOW Awards Asia 2025 for South Asia's first immersive digital art space 'Pixel Bloom' at Colombo Lotus Tower

IN a landmark achievement for the Sri Lankan event industry, Bling Productions and Eyeon recently clinched two Silver awards and one Bronze award at WOW Awards Asia 2025—Asia's most prestigious platform for recognising excellence in events and experiential marketing.

1 mins

Relevance of publishing industry to a nation

We are about to usher in the month of September that is heralded as the month designated for the promotion of national literacy and inculcating the love of reading.

7 mins

What we could learn from cultural exchanges

JAPAN is a country that is well known for its cultural habit of respect. This is the explanation given for the country boasting the cleanest public toilets in the world, often resembling or bettering washrooms in 5-star hotels in other countries. It is a nation known for an education sector that specialises in teaching smallest of children to take responsibility for their actions and perfecting each and every task they set about to do.

4 mins

Godawaya Shipwreck Exhibition at BMICH kicks off on 3 Sept.

Unique event highlights US and Sri Lanka maritime connections

1 mins

AIDEX 2025 Festival tomorrow

AIDEX Festival, an annual celebration of courage and talent, organised by the Colombo Friend-in-Need Society (CFINS), will take place tomorrow (31) at the Air Force Grounds, Colombo from 9 a.m.

1 mins

NDB Bank partners Waters Edge for Oktoberfest at the Edge 2025

NDB Bank has announced its partnership with Waters Edge as the Principal Partner for the much-anticipated Oktoberfest at the Edge 2025, set to take place on 24, 25, and 26 October at Waters Edge, Colombo.

1 mins

Ceylinco Life treats premium clients to exclusive Kandy Perahera experience

THE magic and pageantry of the Kandy Esala Perahera came alive for 120 special guests of Ceylinco Life recently, when the company's Customer Relations Division hosted its ninth consecutive annual Perahera viewing event at the Ceylinco Life Kandy Branch at No. 65, Kings Street, coinciding with the second Randoli Perahera.

1 mins

Lankan dancers shine on stage at 39th Jerash Festival 2025 in Jordan

THE Embassy of Sri Lanka in Jordan, in collaboration with the management of the Classis Apparel Industry Co. Ltd. in Jordan, presented a breathtaking Sri Lankan traditional dancing performance in the 39th Jerash Festival of Culture and Arts, held on 2 August at the Ancient City of Jerash, marking Sri Lanka's participation for the first time in recent history.

1 mins

Official vs. private: Where does one draw the line?

THE case against former President Ranil Wickremesinghe has resulted in a debate over what constitutes official and private undertakings by an elected official, particularly when he/she happens to be executive president of the country.

2 mins

Mullahs and Muslim politics

Muslim politicians and mullahs are walking on a tight rope by trying to bargain with these parties

6 mins

Necessary civic revolution: Bureaucratic inertia, system change and national awakening (Punorudaya)

Public servants with compromised integrity venture beyond their expertise in servitude to their political masters, regardless of the consequences to the country. Politicians heed their advice over real subject experts. For example, a prominent public services medical doctor advised a former president on an overnight organic farming revolution. The president heeded his false advice, which exposed the doctor's stupidity, destroyed farmers’ livelihoods, and plunged the country into a severe food crisis. This toxic combination of professional hubris and political servility is endemic across many public institutions.

2 mins

Indictment of President Emeritus

The issue at hand should be decided according to the reasonable man standard

3 mins

North star for climate change adaptation: Making progress on the Global Goal on Adaptation

TEN years after the Paris Agreement, 2025 is set to render a key part of it operational: the Global Goal on Adaptation, or GGA for short. Agreed in Paris, the GGA aims to enhance adaptive capacity, strengthen resilience, and reduce vulnerability to climate change in the context of the temperature goal. So far, it has advanced through two work programs (from 2022-2023 and 2024-2025) and is now defined through the UAE Framework for Global Climate Resilience, which lists seven thematic and four dimensional targets. The current work program—the UAE-Belém work program—was launched in Dubai and is mandated to deliver a set of indicators for these targets at the end of this year, when countries from across the world will convene at COP30 in Belém, Brazil.

3 mins

SSRFAs poor planning mars Under 18 Elite Sevens

SRI Lanka Schools Rugby Football Association (SSRFA) will stage the Under 18 Elite Rugby Sevens today and tomorrow (30-31 August) at the Bogambara Stadium in Kandy. However, the tournament has already drawn criticism for its poor organisation and planning.

1 mins

Kavindu Perera to lead Sri Lanka Sevens at Asia Rugby Series

FORMER Vidyartha College speedster and current Kandy SC star winger, Kavindu Perera has been entrusted with the captaincy of the Sri Lanka Sevens outfit for the upcoming Asia Rugby Sevens Series.

1 mins

Trinity host Thomians at Hockey

TRINITY College and S. Thomas’ College face off in their much looked-forward annual hockey encounters which will take place on 30 August at the Asgiriya Cricket Stadium.

1 mins

Royal-Thomian Tennis Encounter returns today for 23rd edition

THE much-anticipated Royal-Thomian Tennis Encounter returns for its 23rd edition today at 6 p.m., with Royal College, Colombo set to host S. Thomas’ College, Mount Lavinia under lights at the P Nagendran Tennis Complex.

1 mins