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Daily FT

Can Sri Lanka enhance Government quality through strengthening rule by law?

Unlike in the case of the rule of law, an overemphasis on strengthening the rule by law can lead to numerous consequences that ultimately lower the quality of the Government

3 min  |

October 22, 2025
Daily FT

Daily FT

NIBM REACH 2025: Spectacular stage for emerging talent and creative brilliance

Event remains one of the most anticipated talent showcases among Sri Lanka's higher education institutions

2 min  |

October 22, 2025

Daily FT

Sri Lanka – Greater Mekong Business Council holds 14th AGM

THE 14th Annual General Meeting (AGM) of the Sri Lanka - Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce was held recently, at the Hilton Colombo Residence. The event was attended by Mission of Viet Nam Deputy Head Le Van Huong; Thailand Counsellor Prangtip Kongrittisuksakon, and Myanmar Counsellor Wint Wint Khaing Tun.

1 min  |

October 22, 2025

Daily FT

From rally to reality: Gold, the Gold business, and future of Yellow Metal

GOLD has entered a historic rally in 2025, driven by a mix of geopolitics, expectations of lower policy rates, record central-bank buying, ETF inflows and de-dollarisation.

3 min  |

October 21, 2025
Daily FT

Daily FT

President asks FUTA for plan to fix degree delays, improve university system

PRESIDENT Anura Kumara Disanayake yesterday urged the Federation of University Teachers’ Associations (FUTA) to prepare a comprehensive plan to address delays in university degree programs and improve the overall functioning of higher education institutions.

1 min  |

October 21, 2025

Daily FT

Appeal Court hears case challenging legality of VAT Refund Scheme

THE Court of Appeal will hear again the case filed challenging the legality of the current VAT Refund Scheme on 24 October.

1 min  |

October 21, 2025

Daily FT

GovPay processes Rs. 400 m online payments since Feb.

INFORMATION Communication Technology Agency (ICTA) Board Member Harsha Purasinghe yesterday said that since GovPay's launch in February 2025, 170 Government institutions have joined the platform, processing payments exceeding Rs. 400 million.

1 min  |

October 21, 2025
Daily FT

Daily FT

Prof. Samarajiva warns against 'reinventing wheel' for digital public infrastructure

Criticises fixation on developing home-grown solutions, by home-grown companies

3 min  |

October 21, 2025

Daily FT

DHL Express announces annual price adjustments in Sri Lanka

A rate increase of 4.9% will be effective as of 1 January 2026

1 min  |

October 21, 2025

Daily FT

BOI says realised FDI up 138% YoY to $ 827 m YTD end-Sept.

Expresses optimism total FDIs for 2025 including foreign commercial loans for investment will exceed $1 b

3 min  |

October 21, 2025

Daily FT

$ 1 b X-Press Pearl fine could push up shipping insurance costs

SRI Lanka's $ 1 billion court ruling over the 2021 X-Press Pearl disaster has sparked alarm among global shipping insurers, with UK-based Financial Times reporting that the judgment could drive up marine insurance premiums and push more vessels toward uninsured “shadow fleets.”

1 min  |

October 21, 2025

Daily FT

LB Finance makes Rs. 5.6 b voluntary offer for Associated Motor Finance shareholders

LB Finance PLC said it has made a voluntary offer worth approximately Rs. 5.6 billion to acquire all 113,327,268 ordinary voting shares of Associated Motor Finance PLC (AMF).

1 min  |

October 21, 2025

Daily FT

Rupee hits a low of Rs. 303.20 against USD

Foreign holding in LKR Treasuries increases by a further Rs. 9.4 b

1 min  |

October 21, 2025
Daily FT

Daily FT

HNB supports EV transition with Browns EV leasing partnership

HNB PLC has announced a strategic partnership with Browns EV to provide flexible leasing solutions for the growing range of Browns Electric Vehicles.

1 min  |

October 21, 2025

Daily FT

Rs. 761 m Kotagala Rights Issue oversubscribed

KOTAGALA Plantations PLC has said its Right Issue was oversubscribed, with total subscriptions amounting to Rs. 776.4 million.

1 min  |

October 21, 2025

Daily FT

Janashakthi Finance and Toyota Lanka launch strategic vehicle leasing partnership

IN a landmark collaboration set to reshape vehicle ownership in Sri Lanka, Janashakthi Finance PLC, formerly known as Orient Finance PLC, a subsidiary of JXG (Janashakthi Group) and Toyota Lanka Ltd., have entered a strategic partnership through the signing of a Memorandum of Understanding (MoU) recently.

2 min  |

October 21, 2025
Daily FT

Daily FT

In turbulent trade times, South Asia needs reform, cooperation and resilience

South Asian economists issue joint statement

3 min  |

October 21, 2025

Daily FT

A storm in a teacup

LAST week was unsettling for me as a marketing and communications professional.

2 min  |

October 21, 2025

Daily FT

Finco buys third largest 11% stake of SDB bank for Rs. 881 m

FINCO Holdings Ltd., has bought a near 11% stake of Sanasa Development Bank PLC (SDB) for Rs. 881.48 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.

1 min  |

October 21, 2025

Daily FT

HRCSL calls for report on alleged illegal Customs detention of consignment of Holy Quran in Tamil

Complainant claims Customs detention of consignment of Holy Quran sets a dangerous precedent of State interference in religious texts

1 min  |

October 21, 2025

Daily FT

UAE Supreme Court bans compound interest on bank loans

Top court rules total interest cannot exceed original loan amount

1 min  |

October 21, 2025

Daily FT

Top startups secure $ 160,000 funding at First Capital Startup Nation by Hatch Demo Day

THREE startups have secured funding worth $ 160,000 combined at the recently concluded First Capital Startup Nation by Hatch Demo Day.

2 min  |

October 21, 2025

Daily FT

Rethinking Public Finance: EY on why Accrual Accounting matters for Sri Lanka?

THE International Federation of Accountants (IFAC), in collaboration with the Chartered Institute of Public Finance and Accountancy (CIPFA) and the International Public Sector Accounting Standards Board (IPSASB), has unveiled the 2025 Status Report of the International Public Sector Financial Accountability Index.

1 min  |

October 21, 2025
Daily FT

Daily FT

Pan Asia Bank expands digital payment solutions through new strategic partnership

PAN Asia Bank, has taken another step forward in strengthening its digital banking capabilities by signing a strategic agreement with WEBXPAY to provide seamless, secure, and innovative payment solutions to its customers and merchant base.

1 min  |

October 21, 2025

Daily FT

Sri Lanka lose to India in Kabaddi

SRI Lanka Boys and Girls lost to India in their Kabaddi encounters, which concluded at the Asian Youth Games 2025 in Bahrain yesterday.

1 min  |

October 21, 2025
Daily FT

Daily FT

US Dollar’s collapse, rise of Bitcoin and the run of gold

The real threat to the prominence of USD as a reserve currency had been posed not by these emerging alternative currencies. It has been made by gold which is a close substitute for USD as a store of value and Bitcoin, a cryptocurrency that has offered enormous speculative profits to its holders. Except the possibility of making capital gains out of any increase in the market prices, gold does not earn any revenue for the holder. In fact, gold makes a negative annual earning since the holders must pay a commission or a service charge to the depository which provides safekeeping services to investors

5 min  |

October 21, 2025

Daily FT

First Capital first to join the partnership for Carbon Accounting Financials

FIRST Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, has announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), becoming the first capital markets institution in Sri Lanka to join this global initiative.

2 min  |

October 21, 2025
Daily FT

Daily FT

Balancing innovation, regulation, and ethics in AI is the new Asian consensus

THE final session of the 11th Annual Daily FT-CICRA Cyber Security Summit 2025 concluded on a forward-looking note, exploring the intersection of AI governance, open innovation, and cybersecurity resilience.

6 min  |

October 21, 2025

Daily FT

Boys Kabaddi team starts strong at Asian Youth Games

SRI Lankan Boys Kabaddi outfit thrashed hosts, Bahrain 65/21 in their opening encounter totally dominating at the Third Asian Youth Games 2025 on Sunday at the Bahrain National Stadium (ISA Sports City).

1 min  |

October 21, 2025

Daily FT

SLTDA reviews provincial tourism development and coordination

THE Sri Lanka Tourism Development Authority (SLTDA) recently organised a progress review meeting on “Provincial Tourism Development and Coordination” on 17 October, at the Galle Face Hotel, Colombo.

1 min  |

October 21, 2025