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Daily FT - August 07, 2025

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I dette nummeret

August 07, 2025

Hayleys enters into 'mobility' in deal with China's Chery Automobile

Launches OMODA and JAECOO EVs and Hybrids as first wave of models

2 mins

Hemas kicks off FY26 with resilient performance in 1Q

HEMAS Holdings PLC yesterday said it sustained a positive trajectory in the first quarter of FY2026 from the previous year, achieving a cumulative revenue of Rs. 28.5 billion, delivering a resilient performance.

3 mins

BOC announces Acting GM/CEO

THE Bank of Ceylon (BOC) yesterday announced the appointment of Y.A. Jayathilaka as the Acting General Manager (GM)/CEO with the conclusion of the service period of W.P.R.P.H. Fonseka, who held the post until 5 August 2025, as per the terms and conditions of his service contract.

1 mins

CIC goes for share subdivision

CIC Holdings PLC yesterday announced plans to subdivide its voting and nonvoting shares on the basis of 1:5.

1 mins

Sri Lanka Electricity (Amendment) Bill passed in Parliament

THE Third Reading of the Sri Lanka Electricity (Amendment) Bill was passed in Parliament yesterday, with amendments by a majority of 96 votes.

1 mins

On-arrival licences drive shift to selftravel, pushing tourism industry to adapt

THE Government's move to issue on-arrival driving licences to tourists is off to a brisk start, with over 120 permits granted in the first three days, whilst pushing the tourism industry to adapt to changing visitor preferences.

2 mins

CBSL slaps Rs. 6.5 m fine on one bank, two casinos for AML/CFT non-compliance

THE Central Bank of Sri Lanka (CBSL) said yesterday it has slapped a Rs. 6.5 million combined fine on one bank and two casinos for noncompliance of the provisions of the Financial Transactions Reporting Act (FTRA).

3 mins

CBSL buys $ 1 b from domestic market

Move boosts reserves, liquidity and private sector credit

3 mins

Colombo Magistrate’s Court orders to remand Shasheendra till 19 Aug.

THE Colombo Magistrate's Court yesterday ordered to remand former State Minister Shasheendra Rajapaksa till 19 August.

1 mins

Governor-General of Australia Samantha Joy Mostyn arrives in Sri Lanka

AT the invitation of President Anura Kumara Disanayake, Governor-General of Australia Samantha Joy Mostyn arrived in Sri Lanka yesterday for a three-day official visit.

1 mins

Cabinet approves multiple medical procurement contracts worth over $ 5.6 m

THE Cabinet of Ministers at their meeting on Monday approved a series of international medical procurement contracts valued at over $5.6 million to strengthen the supply of essential drugs and surgical equipment in the country’s healthcare system.

1 mins

Celebrating Inclusive Growth and Cultural Diversity at Independence Arcade

WINGS: Flight Begins Here brought together a vibrant two-day celebration of inclusive entrepreneurship, pluralism, and community resilience on the 1st and 2nd of August at the Independence Arcade, Colombo.

3 mins

Uva Highlands Estate achieves all-time record price of Rs. 3,700 per kg for BOP Grade

UVA Highlands Estate uniquely and picturesquely located in the agro-climatic district of Malwatte Valley in the Eastern Highlands of the Uva district is famed for its high-quality teas, especially the exquisite distinctive seasonal flavour.

1 mins

Intex Sri Lanka 2025 opens at BMICH

IN a milestone moment for South Asia's textile and apparel industry, Intex Sri Lanka 2025 officially commenced its 10th edition yesterday at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo.

1 mins

INSEE Cement and SLINTEC forge partnership for sustainable construction innovation

INSEE Cement, Sri Lanka's number one cement company with flagship brands INSEE Sanstha and Mahaveli Marine Plus representing over 55 years of trust, in a strategic move, has partnered the Sri Lanka Institute of Nanotechnology (SLINTEC), the nation's premier research institution in advanced technologies, to launch a collaborative research program focused on driving innovation and sustainability in Sri Lanka's construction sector.

1 mins

DBL Night 2024: Honouring excellence in sales across Sri Lanka

DEEN Brothers Imports (DBL) successfully hosted DBL Night 2024 at the Cinnamon Life Hotel, Colombo.

1 mins

Sri Lanka Insurance Life further expands countrywide presence

SRI Lanka Insurance Life recently opened two new Agency Business Development Centres (ABDC) in Sewanapitiya, and Girandurukotte expanding its presence in the North Central province.

1 mins

Union Assurance launches industry-first Adviser Welfare Scheme

UNION Assurance, has launched the Adviser Welfare Scheme —a pioneering initiative designed to empower and support its adviser network and their families throughout their unique journeys of progress.

1 mins

Citi collaborates with Sarvodaya to empower vulnerable entrepreneurs in Matara through project “SELF”

CITI Sri Lanka, in collaboration with Sarvodaya, a leading nongovernmental organisation, has announced the launch of the “SELF” (Sustainable Entrepreneurship for a better Livelihood Future) project, an initiative aimed at empowering 25 vulnerable entrepreneurs in the Matara district.

1 mins

Secondary bond market activity subdued; Yields steady

■T-Bill rates remain steady at weekly auction; Auction fully subscribed ■Rupee steady

2 mins

Union Bank partners Abans Auto for easy car financing

UNION Bank recently relaunched its leasing facilities, offering competitively low monthly rentals and 24-hour approval to provide customers with greater flexibility in meeting their vehicle financing needs through customised solutions.

1 mins

Dialog Touch Card now enables EV charging at chargeNET stations

TOUCH Card by Dialog Axiata, Sri Lanka’s most advanced corporate fuel management solution, has partnered with chargeNET to enable electric vehicle (EV) charging at all chargeNET stations across the country — spanning over 100 locations.

1 mins

Commercial Bank and Sathosa Motors drive forward with Isuzu leasing partnership

COMMERCIAL Bank of Ceylon and Sathosa Motors PLC have entered into a partnership to introduce a nationwide promotion aimed at making Isuzu trucks and cabs more accessible to a broader customer base through attractive leasing terms and exclusive vehicle offers.

1 mins

Automobile Technologies opens first ever GAC Aion EV City Store

THE grand opening of the inaugural showroom of GAC by Automobile Technologies Ltd., was held on 22 July at the prestigious Colombo City Centre premises, leading Sri Lanka to a new era of innovation, elegance and electric mobility.

1 mins

Peugeot 2025 range hits Sri Lankan roads with Carmart's exclusive handover event

IN a momentous celebration of French automotive excellence, Carmart Ltd., the sole authorised importer, distributor and repairer for Peugeot in Sri Lanka, handed over the first batch of brand-new Peugeot 2025 models to a select group of discerning customers at a private event held this week.

1 mins

WealthOS achieves WealthTech100 recognition for third consecutive year

WEALTHOS, a cloud-native operating system (SaaS) for digital wealth management products, announced its inclusion in the global WealthTech100 list for the third year running.

1 mins

HNB and Nucleus Software partner to enhance transaction banking experience

HNB PLC has implemented FinnAxia, the advanced Transaction Banking Suite from Nucleus Software, as part of a strategic initiative to strengthen its leadership in digital banking and meet the growing needs of its corporate and SME clients across Sri Lanka and around the globe.

1 mins

Cambridge reaches 1,000 schools in South Asia, driving innovation and excellence in education

® Strengthens presence in Lanka, reflecting a strong shift towards international curricula

2 mins

SLIIT offers over Rs. 1 b in student financial support

FOR over 25 years, SLIIT has remained committed to empowering Sri Lankan youth by providing transformative educational opportunities.

3 mins

SELVE App to empower English learners with AI

Selvern Trust unveils Al-powered language app

1 mins

ESOFT establishes ESU Colombo in Sri Lanka’s commercial capital

ESOFT Uni (ESU) has enhanced its focus on the Colombo region with the official launch of ESU Colombo, building on its island-wide academic presence and reinforcing ESOFT’s vision to deliver world-class education to students in Sri Lanka’s commercial capital.

1 mins

SLIIT among world’s Top 20 Architecture Schools - ranked No. 1 in Sri Lanka

THE Sri Lanka Institute of Information Technology (SLIIT) has marked a proud and historic moment by being ranked among the Top 20 Architecture Schools in the world and securing the No. 1 position in Sri Lanka in the latest INSPIRELI World Architecture University Ranking.

2 mins

GPW Government FOR ALL Regional Conference to spotlight 'Culture Capital' as new business imperative

THE Great Place To Work (GPW) Government FOR ALL Regional Conference 2025 is set to return this September at Hilton Colombo, uniting local and regional thought leaders and workplace culture champions under the theme “Culture Capital: Trust | People| Performance.”

2 mins

Finlays-StrEdge collaboration nurtures future-ready leaders

STREDGE Advisory, the business consultancy arm of StrEdge Group of Companies, recently concluded a ten-month leadership development program for Finlays Colombo Ltd.

2 mins

'NextGen Redefined': AAT Business Conference 2025 kicks off

THE AAT Business Conference 2025 kicked off this week, uniting industry leaders and practitioners to explore how finance professionals and institutions can respond to global shifts.

2 mins

BConnected and Solutions Ground host Sri Lanka's largest corporate engagement on disability inclusion

Over 71 corporate representatives interview candidates with disabilities in a landmark employer engagement day

2 mins

Safeguard State properties without bartering them away

IT was announced recently that the official residence allocated for the Speaker of the Parliament of Sri Lanka in Kotte is to be turned into a “Centre for Parliamentary Studies and Research,” for the exclusive use of Members of Parliament, Provincial Council members, and Local Government representatives. It is to become a place for advanced research resources, specialised training, and policy analysis.

3 mins

Rule of law in taxation: Rights before revenue - Part 1

TWO important pillars are essential for a fair and transparent tax system. They are: a well-informed public and an accountable tax authority. A weakness or strength of either pillar determines the level of the integrity of the entire system. The strength creates a conducive environment where mutual respect among tax payers and officials, increased tax compliance and friendly culture prevail. The weakness leads to mutual mistrust, increased tax evasion and avoidance and ultimately a deterioration in the quality of national life—not only economically, but socially and culturally as well.

6 mins

Evicting Mahinda, arresting Ulugetenne, becoming India’s Macau: Anura as Yeltsin

AN authentically non-elitist leader who broke the caste-class barrier in 1988, President Ranasinghe Premadasa, (AKD doesn’t meet the first criterion), together with his elitist minister Ranjan Wijeratne, literally smashed the Colombo empire of casino king Joe Sim.

10+ mins

NKAR celebrates 45 years with 'Vibes of Yesterday' on 30 Aug.

Big stars at musical fundraiser in aid of Apeksha Hospital

1 mins

Adhitya Ayurveda celebrates second anniversary as Sri Lanka's premier Ayurvedic wellness leader

Dedicated to transforming lives through personalised transformative healing journeys

2 mins

Cinnamon Lakeside Colombo unveils Swastha Serene Spa

CINNAMON Lakeside Colombo has announced the opening of Swastha Serene Spa, a purpose-designed wellness retreat that introduces a new standard of holistic care in the heart of Sri Lanka’s capital.

1 mins

Sri Lanka's garden legacy comes to life: Launch of new book on Bevis Bawa's Brief Garden by Juliet Coombe

A new era of nature and garden tourism in Sri Lanka was officially launched recently with the unveiling of acclaimed British travel writer Juliet Coombe’s latest book, ‘Brief Garden by Bevis Bawa’—a compelling tribute to one of the world’s most iconic tropical gardens.

2 mins

Spain as a holiday destination

SO you have chosen Spain to be your holiday destination, and the next question is where to go?

6 mins

Jaffna Food Festival at Shangri-La Colombo

JAFFNA’S cuisine is not merely a collection of dishes—it is a chronicle of a region shaped by history, resilience, and tradition.

1 mins

NH Collection Colombo welcomes Michelin-experienced Chef Jimmy López

Four-night Latin-American culinary showcase from 13 to 16 August

2 mins

SL U20 rugby teams off to India

SRI Lanka Under 20 Boys and Girls outfits will leave to Bihar, India today (7 August).

1 mins

Chilaw Marians CC, Colts and Badureliya CC register wins

CHILAW Marians CC, Colts and Badureliya CC recorded outright victories in the SLC Under 23 Emerging Club 2-day tournament matches concluded yesterday, whereas the remaining eight matches ended in draws with teams picking up points in the first innings.

3 mins

Plate battle heats up between DS and Joes

THE final week of the Dialog Schools Under 19 Rugby League Super Round 2025 will see several key encounters that will determine the final standings in both the Plate and Bowl segments.

1 mins

GAC and Colombo Kickerz bring Juventus expertise to Sri Lanka

GAC is helping raise grassroots sports in Sri Lanka, in partnership with the Colombo Kickerz Football Academy. Together, they gave budding footballers the chance to train under the guidance of top Italian coaches by bringing the Juventus Football Training Camp to town.

1 mins

SLC to launch Merchandising Licencing Program

EOIs invited from experienced Sports Brand Licencing Agents

1 mins

DPL Celebrates a Milestone Year with Top Honours at the NBEA 2025

(20 Years of Excellence)

4 mins

LOLCTECH Earns National Spotlight with a Gold and Overall Bronze in ICT Sector

LOLC Technologies (LOLCTECH), the pioneering force in transformative technologies and the digital backbone of the LOLC Group, Sri Lanka's largest and most diversified conglomerate has been honoured with two prestigious national accolades at the National Business Excellence Awards (NBEA) 2025, marking the first national awards in the company's history.

2 mins

LOLC Insurance Companies Honoured at National Business Excellence Awards 2025

OLC Life Assurance Ltd. and LOLC General Insurance PLC have been proudly recognised at the National Business Excellence Awards (NBEA) 2025, organised by the National Chamber of Commerce of Sri Lanka.

1 mins

Hayleys Consumer Products Limited Crowned Trading Sector Leader at National Business Excellence Awards 2025

(20 Years of Excellence)

2 mins

CIPM Sri Lanka Clinches Double Honours at National Business Excellence Awards 2025

The Chartered Institute of Personnel Management (CIPM) Sri Lanka, the nation's apex professional body in Human Resource Management, was once again recognised for its outstanding performance at the National Business Excellence Awards (NBEA) 2025 organised by the National Chamber of Commerce of Sri Lanka.

1 mins

CDB crowned winner at National Business Excellence Awards 2025 for eighth year

Award recognises business excellence, contribution to nation's economic progress CDB get Merit commendation for Excellence in Performance Management

1 mins

REC Campus Wins National Business Excellence Award 2025 in Education Services Sector

(20 Years of Excellence)

1 mins

Message from the President of National Chamber of Commerce of Sri Lanka

The National Business Excellence Awards (NBEA), organized by the National Chamber of Commerce of Sri Lanka, is one of the most prestigious and respected corporate awards platforms in the country.

2 mins

Hayleys Fabric PLC wins 2 awards at National Business Excellence Awards 2025

Established in 1993, Hayleys Fabric PLC has secured its position as Sri Lanka's largest and most innovative knit fabric manufacturer.

1 mins

Pan Asia Bank Honoured with Two Prestigious Awards at the National Business Excellence Awards 2025

(20 Years of Excellence)

2 mins

3 Gold Awards for Barista at the National Business Excellence Awards 2025

Barista Sri Lanka has secured three Gold Awards at the National Business Excellence Awards 2025, hosted by the National Chamber of Commerce of Sri Lanka; a resounding recognition of the company's financial discipline, strategic clarity, and market leadership in a volatile economic landscape.

1 mins

SANASA Life Insurance wins big, crosses digitalization boundaries, and gets ready for journeys across the globe

This year - 2025 continues to be a milestone year, and that's just the beginning of so many good things in store for SANASA Life Insurance clients, the organization, as well as its employees.

6 mins

HNB Assurance Emerges Insurance Sector Winner at the National Business Excellence Awards 2025

HNB Assurance PLC was recognized with two significant accolades at the National Business Excellence Awards 2025, hosted by the National Chamber of Commerce of Sri Lanka.

1 mins

HNB Assurance Ranked Among Sri Lanka's Top 40 Best Workplaces by Great Place to Work

HNB Assurance PLC has been recognized by Great Place to Work Sri Lanka as one of the Top 40 Best Workplaces in the country and was also proudly placed 09th among large-scale organizations.

2 mins

Flexiprint (Pvt) Ltd Clinches Runner-Up at National Business Excellence Awards

Flexiprint (Pvt) Ltd, a pioneering force in the printing and related services industry, proudly announces its recent accolade as the Runner-Up in the \"Printing and Related Services\" category at the prestigious National Business Excellence Awards (NBEA) organized by the National Chamber of Commerce of Sri Lanka.

2 mins

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