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Can new IGP put SL Police in order?

Daily FT

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August 02, 2025

THE Supreme Court this week declared that the former Officer-in-Charge (OIC) of the Hasalaka Police Station had violated the Fundamental Rights of a woman who was arrested and detained for wearing an item of clothing bearing a ship’s wheel, which was mistakenly interpreted as a depiction of the sacred Buddhist symbol, the Dhammachakra.

The SC ordered the former OIC to pay Rs. 30,000 in compensation to Abdul Raheem Masaheena, 47, a resident of Kolongoda, from his personal funds after violating her fundamental rights.

In another tragic case that came to light this week, the Mount Lavinia Lawyers' Association raised serious concerns over wrongful detentions in drug-related cases following the death of a suspect who was posthumously cleared of all charges.

Keerthi Fernando, Secretary of the Association, told reporters that a suspect who had been wrongfully detained and later released by the Mount Lavinia Magistrate's Court yesterday was no longer alive, having died by suicide due to the mental toll of his incarceration.

The individual had been arrested by the Dehiwala Police in May 2024 for alleged possession of 3,200 mg of heroin—a non-bailable offence under Sri Lankan law. He was remanded for three months before being granted bail by the High Court. However, two months later, he took his own life, reportedly due to the psychological stress caused by his prolonged and unjust detention.

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Daily FT

New casino entry levy, betting and gaming taxes come into effect

THE Inland Revenue Department (IRD) has announced that a series of tax increases on Sri Lanka's betting and gaming sector came into effect from 1 January, following amendments to the Betting and Gaming Levy Act, No. 40 of 1988, under the Betting and Gaming Levy (Amendment) Act, No. 25 of 2025.

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January 05, 2026

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Thushan Amarasuriya appointed Singer Finance Managing Director

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2 mins

January 05, 2026

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JVP condemns US military aggression against Venezuela

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2 mins

January 05, 2026

Daily FT

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Private sector lending rates increase as FD returns fall

PRIVATE sector lending rates remained elevated in 2025 as demand for credit improved even as returns on bank fixed deposits declined in line with benchmark Treasury Bill rates.

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2 mins

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Daily FT

Three Trinitians in SL Under-19 Cricket WC squad

THREE Trinitians who represented Sri Lanka at the Asia Cup 2025 last month found their places in the 2026 ICC Under-19 World Cup which is currently taking place in Namibia and Zimbabwe.

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1 min

January 05, 2026

Daily FT

India to play additional T20ls in support of Cyclone Ditwah victims

INDIA has agreed to play two additional Twenty20 International matches during the Sri Lanka tour in August as part of an effort to support the welfare efforts of the people affected by the Ditwah cyclone.

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1 min

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Daily FT

Independent Adviser tells Serendib Land shareholders to reject Senthilverl Mandatory Offer

SERENDIB Land PLC's Board of Directors has rejected the Mandatory Offer made by Senthilverl Holdings Ltd., advising shareholders not to accept the offer price of Rs. 1,500 per share, citing that it represents a discount to the company’s valuation based on independent opinion.

time to read

2 mins

January 05, 2026

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CBSL extends term of Administrator appointed to Nation Lanka Finance

THE Central Bank of Sri Lanka (CBSL) has extended the tenure of P.W.D.N.R. Rodrigo, the Administrator appointed to Nation Lanka Finance PLC (NLFP), under the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA).

time to read

1 min

January 05, 2026

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Rupee depreciates 5.6% against USD in 2025

SRI Lanka's rupee weakened against the US dollar in 2025, posting an annual depreciation of 5.6%, reversing the strong gains recorded over the previous two years.

time to read

1 min

January 05, 2026

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