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Daily FT - July 12, 2025

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I dette nummeret

July 12, 2025

CSE indices soar; turnover tops Rs. 10 b as market ends on a high

THE Colombo stock market reopened after a day off and sustained its all-time high level yesterday amidst healthy turnover fuelled by bullish investor sentiment ending the week on the up.

2 mins

President calls for unified governance and accelerated development

Emphasises data-driven, digital administration core national priority

3 mins

Editors’ Guild withdraws from committee to draft National Media Policy

THE Editors’ Guild of Sri Lanka (TEGOSL), said this week it has withdrawn its participation in the committee appointed by the Mass Media Ministry to formulate a National Media Policy.

1 mins

Seafood exporters say new US tariff still leaves Sri Lanka uncompetitive

Lankan seafood exports to US accounts for over 25% of total and for some seafood products such as pasteurised crab meat its 100%

2 mins

New Excise Chief prioritises revenue, digitalisation and clean governance

NEWLY appointed Excise Department Commissioner General M.B.N.A. Premarathne officially assumed duties yesterday, pledging to align the Department's work with the Government's broader national priorities of poverty alleviation, digitalisation and Clean Sri Lanka initiative.

1 mins

President meets Gates Foundation delegation

Strengthening collaboration in agriculture, nutrition and digital infrastructure

2 mins

Exporters warn of economic fallout from proposed US 30% tariffs

Calls on Govt. to ramp up efforts to secure alternative markets with an intensified focus on Europe, Middle East and other emerging regions

1 mins

Apparel exporters warn against unregulated terminal handling charges

THE Sri Lanka Apparel Exporter's Association (SLAEA) — representing the country's largest industrial export sector and a major contributor to foreign exchange earnings yesterday expressed concern over recent attempts by certain intermediaries to reintroduce Terminal Handling Charges (THC) that are not reflected in the Sri Lanka Ports Authority's officially approved tariff.

2 mins

Boost for Sri Lankan garment sector as UK launches new trade measures

Unveils reforms to simplify imports from developing countries under upgraded Developing Countries Trading Scheme (DCTS)

3 mins

ITAK writes to AKD seeking justice and global collaboration over Chemmani mass grave probe

THE Ilankai Tamil Arasu Kadchi (ITAK) has written to President Anura Kumara Disanayake seeking justice and international collaboration over the Chemmani mass grave investigation.

3 mins

Let's build nation rooted in historical heritage: President

PRESIDENT Anura Kumara Disanayake on Thursday stated that a society cannot progress without a meaningful connection to its historic heritage and that the nation’s development path must be chosen accordingly.

1 mins

SC grants leave to proceed in case challenging gender-based recruitment for Station Master posts

THE Supreme Court yesterday granted leave to proceed with a Fundamental Rights (FR) petition filed by two women, challenging the Sri Lanka Railway Department's decision to limit applications for Station Master positions to male candidates only.

1 mins

CFA Society Sri Lanka and Acuity Knowledge Partners launch virtual training program on Python and Machine Learning for finance professionals

CFA Society Sri Lanka, in collaboration with Acuity Knowledge Partners, has announced the launch of a practical training program titled “Enhancing Investment Management with Python and Machine Learning.”

1 mins

Dialog Enterprise deploys innovative video surveillance solution to enhance customer service at Domino's Pizza Sri Lanka

DIALOG Enterprise, the corporate ICT solutions arm of Dialog Axiata, continues to drive innovation in Sri Lanka's business landscape by introducing technology solutions that go beyond traditional applications.

2 mins

Markspen Group's DOMA Single Elevator Automatic Rice Mill in high market demand

MARKSPEN Group celebrated its 14th anniversary, reflecting on a journey of innovation and growth that began in 2011. A key highlight of its recent success is the remarkable performance of the DOMA Single Elevator Automatic Rice Mill Machines, introduced by Markspen Holdings in late 2023.

2 mins

Relevance of Sri Pada in foreign tourism

NOT many Sri Lankans venture upon Sri Pada off-season. Yet any given time of day throughout the year this revered mountain remains a popular destination for foreign tourists who climb it, curious as to what they would find when they succeed uphill to the summit.

4 mins

Promoting uniqueness of Jaffna, in India

We feature below an interview with Muhunthan Murugaiah, member of the Northern Tourism Bureau who specialises in hospitality and tourism, having obtained his university credentials linked to tourism from Europe, Malaysia and Sri Lanka.

4 mins

MMCA founding patrons visit UAE to foster mutual dialogue

THE Museum of Modern and Contemporary Art Sri Lanka’s (MMCA) founding patrons recently visited the United Arab Emirates and had the opportunity to visit Art Dubai, the Sharjah Biennale, and Saadiyat Island.

1 mins

Cinnamon Life launches exclusive culinary membership program

CINNAMON Life, Colombo's premier integrated resort at the City of Dreams, announces the launch of THE LIFE, an exclusive food and beverage membership program designed for those who live and dine with distinction.

1 mins

'Queens of the Mambo' returns: Vibrant ladies' night by the sea

GALLE Face Hotel has announced the return of a Colombo favourite— ‘Queens of the Mambo,’ an unforgettable ladies’ night experience hosted every Thursday at the iconic King of the Mambo beachfront bar.

1 mins

Colombo National Museum launches dynamic people-centric activities

Activities are curated to be culturally-relevant and in tune with the five-year business plan In addition to tourism-promotion products, the museum gardens are now available for numerous photography opportunities

2 mins

Restoring dignity in country's public service

BRADMAN Weerakoon, one of Sri Lanka's most eminent public servants passed away this week at the age of 94. He began his career in the Ceylon Civil Service in 1954, serving in various regions across Sri Lanka before taking on the role of Secretary to Prime Minister for the first time under Sir John Kotelawala. Over the years, he went on to serve as Secretary to seven Prime Ministers and also worked with three presidents.

2 mins

Funding climate resilience on the ground: How global funds can reach local actors

How global funds can reach local actors

5 mins

A man lived in many hearts

IN Sri Lanka, demise of a person has lost news value, as every hour a Sri Lankan is facing death caused by this or another reason.

4 mins

Rienzie Wijetilleke: Legendary banker with human touch

THERE have been many articles and contributions by various personalities on the life and times of Rienzie Wijetilleke, particularly his immense contribution towards the financial sector. In this appreciation of mine, I venture and take the liberty to share and give an insight to Wijetilleke’s human touch, having had the privilege of associating with him during my own assignment with HNB for more than three decades. He was a philanthropist with inimitable human qualities and initiated several CSR projects towards assisting the needy and many charitable organisations.

6 mins

BRICS' vision for a new financial architecture

AT the upcoming BRICS summit in Brazil, member nations are expected to intensify their push for local currency settlement and advance efforts to build an independent financial system that reduces reliance on the U.S. dollar and Western-dominated institutions.

4 mins

Aragalaya anniversary: all hail it! or another nostrum?

I was arrested by a social media post recently, which had the author of it claiming to have supported the Aragalaya 'up to a point' but 'not more'.

5 mins

73rd Mercantile Hockey from today

THE 73rd edition of the Mercantile Hockey Tournament will be worked off from today (12 July) till 13 July at the Astro Turf in Colombo.

1 mins

Consistent Reshan wins NRT in Rajawella

SEVENTEEN-YEAR-OLD Reshan Algama delivered a masterclass in consistency and composure as he sealed a dominant win at the July National Ranking Championship, finishing with a gross score of 288 after four days of competitive golf.

1 mins

Kandy SC AGM tomorrow

KANDY SPORTS Club will hold its Annual General Meeting (AGM) of the club tomorrow at 10.00 a.m.

1 mins

Pin and Pam Fernando Tournament till 18 July

PIN and Pam Fernando Tournament conducted by Royal Colombo Golf Club will take place till 18 July.

1 mins

New Pakistan Coach outlines return path for Babar and Afridi

NEW Pakistan White-Ball Coach Mike Hesson has revealed the steps that experienced duo Babar Azam and Shaheen Afridi must take to work their way back into the T20I side.

1 mins

Sri Lanka Rugby sent to sin-bin, over SLRFU foul-play

AS someone who played full back — the last line of defence, the cool head under pressure, I was the guy who literally cleans up everyone else’s mess — I’ve seen chaos on a rugby pitch.

2 mins

Power-hitting specialist Julian Wood to conduct training program for national cricketers

SRI Lanka Cricket has decided to obtain the services of power-hitting specialist Julian Wood to conduct a week-long training program aimed at enhancing the power-hitting skills of both the men’s and women’s national players.