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Daily FT

Elshaddai Enterprises and Jayasuriya Associates secure Govt. contracts to supply contact lenses for eye surgeries

THE Cabinet of Ministers at their meeting on Tuesday approved two local companies—Elshaddai Enterprises Ltd., and Jayasuriya Associates to supply five categories of contact lenses used in cataract removal and myopia implantation surgeries, following a competitive international bidding process.

1 min  |

July 04, 2025

Daily FT

Sri Lanka National Archives secures € 384,248 grant for research on Dutch palm leaf manuscripts

THE Cabinet of Ministers on Tuesday approved a proposal by the National Archives Department to sign an agreement and proceed with a research project on Sri Lankan-origin Dutch palm leaf manuscripts, following its success in securing a competitive grant of 384,248.

1 min  |

July 04, 2025
Daily FT

Daily FT

Cabinet approves timeline for 2026 Budget

THE Cabinet of Ministers at their meeting on Tuesday approved presenting the Appropriation Bill for the year 2026 to Parliament in October.

1 min  |

July 04, 2025
Daily FT

Daily FT

Liverpool forward Jota dies in car crash

LIVERPOOL forward Diogo Jota has died in a car crash, aged 28.

1 min  |

July 04, 2025
Daily FT

Daily FT

BYD celebrates production of millionth record-breaking Seagull

ON 30 June, at BYD’s Xi’an factory, a Seagull vehicle rolled off the final assembly line, marking the official achievement of 1 million cumulative sales. From launch to reaching this milestone, the Seagull took only 27 months, making it the fastest pure EV + A00-class model to reach the 1 million mark globally. The Seagull has redefined what customers around the world can experience in a compact EV, by offering cutting-edge technologies, efficient packaging and no compromise on equipment or safety.

1 min  |

July 04, 2025
Daily FT

Daily FT

Sri Lanka–UAE trade relations bolstered through exclusive session with UAE Ambassador at National Chamber

THE National Chamber of Commerce of Sri Lanka successfully hosted an exclusive Bilateral Trade and Investment Session with the gracious presence of Ambassador of the United Arab Emirates (UAE) to Sri Lanka Khaled Nasser Al Ameri on Tuesday, 1 July, at the Chamber Auditorium, Colombo 10.

2 min  |

July 04, 2025

Daily FT

Sri Lanka secures € 30 m debt relief deal with Hungary

SRI Lanka has taken another key step in its ongoing external debt restructuring process, signing a bilateral agreement with Hungarian Export Credit Insurance PLC to reschedule outstanding loans valued at around € 30 million (approximately Rs. 10.5 billion).

1 min  |

July 04, 2025
Daily FT

Daily FT

JVP-NPP Govt. and 5,941 acre “gazetted landgrab” attempt in north

THE Janatha Vimukthi Peramuna (JVP) led National People's Power (NPP) Government of President Anura Kumara Disanayake created history at the Parliamentary elections of 2024 by winning 159 seats in a Parliament of 225 MPs.

10+ min  |

July 04, 2025

Daily FT

Domino's debuts flagship outlet at Bandaranaike International Airport setting new standards in hospitality

THE distinct aroma offesh-baked pizza now mingles with departure announcements as Domino's Pizza Sti Lanka debuts its world-class flagship outlet at Bandaranaike International Airport (BIA), the country’s primary aviation hub, setting new benchmarks in travel hospitality.

1 min  |

July 04, 2025
Daily FT

Daily FT

MasterChef franchise makes landmark debut in Sri Lanka with star-studded launch

Global culinary hit commissioned in 71 territories following latest Banijay Rights deal Rs. 3 m in cash, a luxury vehicle, and coveted MasterChef Title await Sri Lanka's next great cook

2 min  |

July 04, 2025
Daily FT

Daily FT

Shaping Sri Lanka's digital economy: 5G's impact on our future

IN today's rapidly evolving world, digitalisation is the cornerstone of economic growth and innovation. From enhancing connectivity and communication to unlocking new business models and opportunities, digital transformation is revolutionising industries worldwide. At the heart of this transformation lies 5G technology—a game-changer that promises to propel nations into the next era of connectivity and economic success.

5 min  |

July 04, 2025

Daily FT

CBSL gives Cargills Bank longer time for minimum capital

THE Central Bank of Sri Lanka (CBSL) has given Cargills Bank PLC extended time till end-2029 to achieve the minimum capital require ment of Rs. 20 billion from the current Rs. 11.89 billion.

1 min  |

July 04, 2025
Daily FT

Daily FT

ComBank partners Prime EV Automobile to offer special leasing options

THE Commercial Bank of Ceylon has announced a collaboration with Prime EV Automobiles Ltd., a subsidiary of the Senok Group, to offer exclusive leasing options to buyers of the new electric vehicle range represented by the company in Sri Lanka.

1 min  |

July 04, 2025

Daily FT

Cabinet clears Commonwealth Secretariat bid for State loan management software

THE Cabinet of Ministers at their meeting on Tuesday approved awarding the contract to install a new State loan management software within the system within the Department of External Resources.

1 min  |

July 04, 2025

Daily FT

Community Effective Model Village program under Clean Sri Lanka initiative

THE Cabinet of Ministers on Wednesday approved a proposal to implement the “Community Effective Model Village” program as part of the broader Clean Sri Lanka national project.

1 min  |

July 04, 2025
Daily FT

Daily FT

Sampath Bank launches Priority Reserve Appointment Banking for exclusive, queue-free services

SAMPATH Bank PLC has introduced Appointment Banking, a premium service that empowers the bank’s most valued clients to take control of how and when they wish to be served, offering personalised attention, complete privacy, and a seamless, queue-free experience.

1 min  |

July 04, 2025

Daily FT

Starlink goes live in Sri Lanka

BILLIONAIRE entrepreneur Elon Musk has announced that Starlink, his satellite based internet service, is now available in Sri Lanka.

1 min  |

July 03, 2025
Daily FT

Daily FT

Shah Rukh Khan to liven grand opening of City of Dreams Sri Lanka

THE undisputed King of Bollywood, Shah Rukh Khan, is set to make a spectacular visit to Sri Lanka, gracing the highly anticipated grand opening of City of Dreams Sri Lanka on 2 August as Special Guest.

2 min  |

July 03, 2025
Daily FT

Daily FT

President assures Indian businesses no more unpleasant experiences of corruption in investments

Engages with heads of several prominent visiting Indian companies exploring investment opportunities in Sri Lanka

1 min  |

July 03, 2025
Daily FT

Daily FT

Ecolabel Sri Lanka Expands to the Hotel Sector

Sri Lanka is embracing the global shift toward sustainable tourism by extending Ecolabel Sri Lanka, the nationally accredited certification scheme, to the hotel and restaurant sector.

2 min  |

July 03, 2025

Daily FT

Secondary Bond market yields decrease

Rs. 113 b Treasury bill auction fully subscribed Rupee appreciates

1 min  |

July 03, 2025
Daily FT

Daily FT

Volker Türk's accountability absurdities, nasty Nazi allusions and internationalisation trap

UNITED Nations Human Rights High Commissioner Volker Türk made several pronouncements in Sri Lanka which tell us that he views this country through an utterly flawed paradigmatic prism, and therefore cannot but get his perspective on Sri Lanka dangerously wrong.

9 min  |

July 03, 2025
Daily FT

Daily FT

SriLankan Airlines under fresh probe for irregularities from 2010-2025

Cabinet appoints Special Presidential Committee led by ex-Auditor General H.M. Gamini Wijesinghe to probe aircraft leasing, recruitment and transactions beyond previous inquiries Investigation also reviews Airport and Aviation Ltd.'s operations Cabinet Spokesman and Minister Dr. Nalinda Jayatissa says move aims to identify root causes of losses without prioritising privatisation Asserts CIABOC and CID probes continue separately on specific complaints

1 min  |

July 03, 2025
Daily FT

Daily FT

Sri Lanka awaits favourable US response on reciprocal tariffs by 8 July

Cabinet Spokesman and Minister Dr. Nalinda Jayatissa says believes US will adjust tariff policies without harming exporters or broader economy Asserts Sri Lanka proactively engaged through multiple Zoom discussions with USTR officials Notes joint statement depends on further US decisions US remains key export market, importing $ 3 b in goods last year, mostly garments

1 min  |

July 03, 2025

Daily FT

Sri Lanka and Australia deepen trade collaboration through seminar on export promotion best practices

THE Sri Lanka Export Development Board (EDB), in partnership with the Australian High Commission, the Australian Trade and Investment Commission (Austrade), and the Department of Foreign Affairs and Trade (DFAT), hosted a high-level seminar titled \"Leveraging Australian Best Practices in Export Promotion\" on 30 June in Colombo.

1 min  |

July 03, 2025

Daily FT

DG Sports approves HK referees for two important matches

IN a landmark decision, two pivotal Dialog Schools Under-19 League fixtures on 5 July will be officiated by Hong Kong referees as the four principals of Trinity, Royal, Isipathana and S. Thomas'had written to Sri Lanka Schools Rugby Football Association requesting for overseas referees.

1 min  |

July 03, 2025

Daily FT

Sri Lanka to ink MoUs with regional countries for pharmaceutical supplies

Framework allows direct deals between nominated foreign suppliers and SPC Senior officials’ committee formulates system to identify suitable countries for G2G sourcing Identifies seven countries—India, Pakistan, Bangladesh, Indonesia, Thailand and Türkiye for potential MoUs Cabinet Spokesman and Health Minister Dr. Nalinda Jayatissa says list of 113 registered pharmaceuticals submitted for export under program Confirms four countries have already expressed interest in supplying medical items Says priority given to affordable prices and quick delivery timelines Aims to address critical shortages in healthcare system affecting patient care

1 min  |

July 03, 2025

Daily FT

SL to ink MoU with South Korea's Yeongwol Local Government to deploy seasonal workers on E-8 visas

THE Cabinet of Ministers on Tuesday (1) approved signing a Memorandum of Understanding (MoU) with the Yeongwol Local Government Institution of the Republic of Korea to send seasonal workers under South Korea’s E-8 visa category.

1 min  |

July 03, 2025
Daily FT

Daily FT

A conversation on travel and stories at market with Zahirah Marty

UNDER the sweltering midday heat at Colombo’s Pettah market, Dubai-based presenter and travel journalist Zahirah Marty, visiting Sri Lanka to film an episode of her show My Travel Diary, was in her element, discovering stories in every corner with Director Buddy Gaylard. Daily FT joined her as she explored the market, curating moments and capturing the spirit of the city in its vibrant chaos.

6 min  |

July 03, 2025
Daily FT

Daily FT

Beyond borders: Closer look at France-Sri Lanka economic cooperation

FRANCE and Sri Lanka have been steadily building economic ties in recent years, with cooperation expanding across trade, investment and tourism. While the relationship remains modest in scale compared to larger regional partners, both countries stand to benefit from deeper commercial engagement. This article examines bilateral trade, investment, tourism as well as French contributions through development aid.

2 min  |

July 03, 2025