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Daily FT

Daily FT

Sri Lanka's digital economy targets 5x growth: Dr. Hans Wijayasuriya

Speaking at Daily FT-CICRA Holdings organised first-ever Data Privacy and Protection Summit says five-year blueprint among other things aims at building trust, empowering citizens, and competing with world through digital excellence Stresses need for innovation-permissive regulation

5 min  |

July 04, 2025

Daily FT

Vietnam strikes deal with US; succeeds to reduce duty to 20% from 46%

US President Donald Trump said on Wednesday that the US will charge 20% tariffs on imports from Vietnam under a new trade deal reached during last-minute negotiations.

1 min  |

July 04, 2025
Daily FT

Daily FT

IMF tells Sri Lanka to keep reform engine running as global turbulence looms

IMF Mission Chief Evan Papageorgiou says Fourth Review shows strong performance, with all quantitative targets met except underreported expenditure arrears Explains underreporting linked to interest subsidies for senior citizens and reporting gaps in line Ministries Emphasises maintaining cost-reflective electricity tariffs to protect fiscal stability and reduce taxpayer burden Notes PUCSL tariff formula to be reviewed with World Bank and ADB support by November Cautions against opaque tax exemptions, pushing for transparent rule-based framework Structural benchmarks set to amend SDP Act by August and Port City Act by October IMF Resident Representative Martha Woldemichael highlights progress on Central Bank independence, anti-corruption laws and governance action plans

4 min  |

July 04, 2025

Daily FT

Secondary Bond market holds steady

THE Secondary Bond market yesterday saw yields move sideways — trading within a narrow band.

1 min  |

July 04, 2025
Daily FT

Daily FT

Shehani Seneviratne appointed SLASSCOM Chairperson for 2025/2026

Pioneering a bold new chapter in Sri Lanka's digital transformation

2 min  |

July 04, 2025
Daily FT

Daily FT

Week 5 to confirm schools under relevant crockeries

AT least 2 unbeaten teams will remain, and many unanswered questions would be answered, while the second team to enter the Cup Segment from Group 1 shall be determined at the 5th and final weekend of Round 1 of the Dialog Schools Rugby League 2025.

7 min  |

July 04, 2025
Daily FT

Daily FT

Sri Lanka Customs crosses Rs. 1 t revenue mark again

SRI Lanka Customs has crossed the Rs. 1 trillion mark in revenue collection for 2025, reaching the milestone much earlier than last year, when it was achieved in September.

1 min  |

July 04, 2025
Daily FT

Daily FT

Sri Lanka in must-win game today

SRI Lanka has named a well-rounded 25 member squad for their much looked forward encounter against the United Arab Emirates which will be worked off today (4 July) at the Racecourse ground in Colombo.

2 min  |

July 04, 2025
Daily FT

Daily FT

Why the Maharaja Organisation thinks Sri Lanka needs its own 'Shosholoza'

THE Capital Maharaja Group (CMG), now 95 years old, stands as a grand master of Sri Lankan business. With branches spread across key industries, finance, and development, the organisation is deeply entrenched in the country's economic landscape.

3 min  |

July 04, 2025

Daily FT

Appeal Court affirms decisions by RTI Commission on SLT and select employees

COURT of Appeal Judge R. Gurusinghe yesterday issued three separate judgments affirming decisions of the Right to Information (RTI) Commission with regard to a few personnel of Sri Lanka Telecom PLC (SLT).

1 min  |

July 04, 2025

Daily FT

Why Sri Lanka needs smarter approach to tobacco tax policy

SRI Lanka's tobacco taxation strategy is facing renewed scrutiny as authorities navigate the dual priorities of public health and revenue generation. Central to recent tobacco tax policy discussions is the Tobacco Excise Tax Simulation Model (TETSIM)—a policy planning tool promoted by the World Health Organization (WHO) and adopted in several countries to project how adjustments to tobacco taxes impact consumption levels and state revenue. In Sri Lanka, TETSIM is increasingly being referenced by health advocates and economists as a way to inform more data-driven fiscal policies.

4 min  |

July 04, 2025
Daily FT

Daily FT

SL: dying to be born on some ‘Fourth of Never’

THE nation that was born today, the Fourth of July, is demonstrably no longer “the land of the free and the home of the brave”.

5 min  |

July 04, 2025

Daily FT

Sri Lanka unlocks new market opportunities with 15 conformity assessment accreditations by SLAB

SRI Lanka Accreditation Board (SLAB), under the patronage of the Ministry of Trade, Commerce, Food Security and Cooperative Development, marked a significant milestone with the accreditation of 15 Conformity Assessment Bodies (CABs), bolstering Sri Lanka’s quality infrastructure and opening new avenues for international trade.

1 min  |

July 04, 2025

Daily FT

STRENGTHENING SRI LANKA’S FINANCIAL SYSTEM WITH INTEGRITY: MEASURES BASED ON ANTI MONEY LAUNDERING AND TERRORIST FINANCING FRAMEWORK

Amid ongoing recovery efforts, financial system stability is a cornerstone of overall macroeconomic stability and thereby sustainable economic growth. However, one of the threats to such efforts to ensure financial integrity, and, in turn, financial stability, is Money Laundering and Terrorist Financing framework

6 min  |

July 04, 2025
Daily FT

Daily FT

Sampath Bank introduces 'Madu Sampatha' floating market at Madu River to enhance livelihoods and curb plastic waste

SAMPATH Bank strengthens its commitment to environmental sustainability and community empowerment through a landmark initiative aimed at reducing ocean plastic at the Madu River Sanctuary in Balapitiya.

1 min  |

July 04, 2025
Daily FT

Daily FT

LG Electronics opens office in Sri Lanka to build stronger connections with consumers

LG Electronics (LG) has announced the opening of office in Sri Lanka, operating under the entity of LG Electronics Singapore Ltd.

1 min  |

July 04, 2025
Daily FT

Daily FT

Tesla deliveries fall for second quarter in a row

ELON Musk’s Tesla has reported a 14% decline in vehicle deliveries in the second quarter of the year, as the electric car- maker’s problems show no sign of abating.

1 min  |

July 04, 2025

Daily FT

SLITPA UAE Awards 2025 honours Sri Lankan IT professionals

THE Sri Lankan IT Professionals Association (SLITPA) UAE, with the support of the Consulate General of Sri Lanka to Dubai and the Northern Emirates, successfully hosted the SLITPA UAE Awards Night 2025 on 28 June at the Pullman Dubai Creekside Hotel, Dubai.

1 min  |

July 04, 2025

Daily FT

SLT-Mobitel partners Al Pazz, Sri Lanka's first Al-powered legal research platform

IN a landmark move set to redefine legal research in Sri Lanka, SLT-Mobitel Mobile has partnered with Redblocks AI Ltd. to launch AI Pazz, the country's first-ever Al-powered legal research platform featuring Sri Lanka's largest and the most up-to-date digital legal library, to offer unprecedented access to advanced legal research tools.

1 min  |

July 04, 2025
Daily FT

Daily FT

Gaza: Humanity's litmus test

\"My message to the international community is that our silence and complicity on the situation in Gaza shames us all. It is almost like the behaviour of the military junta in Burma\"(Desmond Tutu)

7 min  |

July 04, 2025
Daily FT

Daily FT

Unigra and Eiger Holdings host high-impact culinary demonstration to elevate Sri Lanka's HORECA standards

EIGER Holdings Ltd., in strategic partnership with Unigra, a global leader in high-performance ingredients for pastry, bakery, and foodservice professionals, recently hosted a technical demonstration aimed at advancing product knowledge, skill development, and culinary innovation within Sri Lanka's HORECA industry.

2 min  |

July 04, 2025
Daily FT

Daily FT

Sri Lanka-Greater Mekong Business Council hosts exclusive Members' Networking Evening at Port City

THE Sri Lanka-Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce hosted an exclusive Members' Networking Evening on 13 June at the Port City Sales Gallery, Colombo.

1 min  |

July 04, 2025

Daily FT

Five-year National Action Plan to strengthen child protection framework

THE Cabinet of Ministers on Tuesday approved the implementation of the five-year National Action Plan for the National Child Protection Policy, which was initially approved in October 2019 under the National Child Protection Authority Act No. 50 of 1998.

1 min  |

July 04, 2025
Daily FT

Daily FT

Browns marks 150 years with Rs. 200 m dealer rewards and tribute to 101 years of Exide

IN an effort to honour the longstanding loyalty and performance of its key dealers across the island, Browns' Battery and Tyre Strategic Business Unit (SBU) recently hosted a prestigious dealer appreciation ceremony at the Galle Face Hotel.

2 min  |

July 04, 2025
Daily FT

Daily FT

'MCI' Fertilisers strengthen agriculture in Northern Province through sustainable solutions

LANKA Bio Fertilizers Ltd., one of Sri Lanka's leading manufacturers and distributors of Hybrid Pellet Fertilisers, NPK Compound Fertilisers, and Biofertilisers, continues to make significant strides in transforming the agricultural landscape of the country. Operating under renowned brand names such as 'MCI', 'TopCrop', 'BSP', and 'Biofilm', the company is now making a strong impact in the Northern Province.

1 min  |

July 04, 2025

Daily FT

Cabinet clears submission of amended Justice of the Peace orders to Parliament

THE Cabinet of Ministers on Tuesday approved submitting amended orders governing the appointment, suspension, cancellation and code of ethics for the post of Justice of the Peace to Parliament.

1 min  |

July 04, 2025
Daily FT

Daily FT

Will Sri Lanka keep the good governance prize?

IT is late September. The World Governance Forum has just announced the 2025 Good Governance Awards. There was no tension before the name of the winner was announced. It had been obvious for months that it would be Sri Lanka. The award is given for improvements in governance over the previous 12 months.

5 min  |

July 04, 2025
Daily FT

Daily FT

Sri Lanka Expo 2026 after 14-year hiatus

SIGNALLING a bold push to revitalise the country's export promotion efforts, the Cabinet of Ministers on Tuesday greenlit the return of the Sri Lanka Expo Exhibition in 2026, reviving the flagship trade show after a 14-year hiatus.

1 min  |

July 04, 2025
Daily FT

Daily FT

We panicked - Taskin Ahmed

■ Milan's run out and Janith's catch were the turning points - Hasaranga

3 min  |

July 04, 2025

Daily FT

Profit taking drags Colombo stock market down

THE Colombo stock market yesterday reverted to negative mode due to profit taking by investors.

1 min  |

July 04, 2025