Newspaper
Daily FT
Don’t just tick the box: Strategic imperative for Sri Lankan corporates to integrate sustainability
Embedding sustainability in business models for future-proofing Sri Lankan enterprises
8 min |
October 08, 2025
Daily FT
ITX360 achieves ISO/IEC 27001:2022 certification
Reinforces quality information security standards
1 min |
October 08, 2025
Daily FT
LB Finance announces Rs. 20 b debenture issues
DHAMMIKA Perera's LB Finance PLC has received regulatory approval for two debenture issues to raise a total of Rs. 20 billion.
1 min |
October 08, 2025
Daily FT
World Bank warns Sri Lanka's recovery fragile, urges urgent reforms to sustain growth
Projects Sri Lanka's economy to grow by 4.6% in 2025 and 3.5% in 2026 but warns recovery remains fragile without urgent reforms in trade, investment, taxation, and job creation
5 min |
October 08, 2025
Daily FT
IDL appoints Indhu Selvaratnam as Deputy Chairperson
INTERNATIONAL Distillers Ltd. (IDL) has announced the appointment of Indhu Tissanayagam Selvaratnam as Deputy Chairperson of the Board, with effect from 1 October.
1 min |
October 08, 2025
Daily FT
People's Bank unveils iconic 'People's Tower' as new head office
'PEOPLE'S Tower, the new head office building of People's Bank, was ceremonially declared open yesterday at No. 374, Dr. Colvin R.de Silva Mawatha, Colombo 2, under the patronage of the Central Bank Governor Dr. P. Nandalal Weerasinghe, and the Treasury and Ministry of Finance, Planning and Economic Development Secretary Dr. Harshana Suriyapperuma.
1 min |
October 08, 2025
Daily FT
Secondary Bond market yields open steady ahead of weekly Bills auction
THE secondary Bond market yesterday kicked off the new trading week on a dull note, with overall activity at subdued levels.
2 min |
October 08, 2025
Daily FT
ComBank to finance luxury apartment purchases at first mixed development project in Rajagiriya
Enters into MoU with developer Baili Investments Lanka to support sales at 1000-unit high rise
2 min |
October 08, 2025
Daily FT
NBFI assets up 26% to Rs. 2.2 t in Q2 2025, PAT increases 59%
NON-BANK Financial Institutions (NBFIs), or popularly known as finance companies, reported a combined Profit After Tax (PAT) of Rs. 18 billion in the second quarter of 2025, up 59.3% from Rs. 11.3 billion a year earlier with net interest incomes rising 28.3% year-on-year from Rs. 44.4 billion to Rs. 57 billion.
1 min |
October 08, 2025
Daily FT
Compliance to EUDR not option but must for struggling local exporters
Non-compliance of EUDR would shut EU market for local rubber export, shrinking GDP by 0.07%
3 min |
October 08, 2025
Daily FT
Sri Lanka rejects new UNHRC resolution
SRI Lanka yesterday rejected the latest United Nations Human Rights Council (UNHRC) resolution on the country as an unprecedented and ad hoc expansion of the Council's mandate, asserting that the Government's own reconciliation and human rights processes should take precedence over external mechanisms.
3 min |
October 08, 2025
Daily FT
PUCSL public consultation on 2025 electricity tariff revision today
THE Public Utilities Commission of Sri Lanka (PUCSL) will conduct a public consultation today to review the proposed electricity tariff structure for 2025.
1 min |
October 08, 2025
Daily FT
AIIB President commits to Sri Lanka’s development
To focus on green energy, sustainable transportation sectors
1 min |
October 08, 2025
Daily FT
TNA MP questions CIABOC Chief's appointment, cites conflicts in Constitutional Council
TNA MP Shanakiyan Rajaputhiran Rasamanickam yesterday raised concerns in Parliament over the appointment of Ranga Dissanayake as Director General of the Commission to Investigate Allegations of Bribery and Corruption (CIABOC).
1 min |
October 08, 2025
Daily FT
AIIB President commits to Sri Lanka's development
To focus on green energy, sustainable transportation sectors
1 min |
October 08, 2025
Daily FT
RDB Bank appoints Acting GM/CEO
B.G.W. Athula Kumara has been appointed as the cover up General Manager/ Chief Executive Officer of RDB Bank, effective from 23 September 2025. He is also serving as the Acting Deputy General Manager - Credit, Special Projects and Policy Implementation.
1 min |
October 08, 2025
Daily FT
Paradigm shift needed in economic thinking, policies and strategy
Sri Lanka GDP growth rate needs to rise above 8% over 10 years to achieve a GDP of $ 200 million and a GDP per capita of $ 9,000 to qualify as an upper middle-class status. A high-income status requires a per capita of $ 13,846 or more. Can Sri Lanka achieve these targets? It is noteworthy that Singapore GDP in 2024 was $ 547.4 billion and per capita $ 90,674.07 while Sri Lanka’s GDP was $ 98.96 billion with a per capita of $ 4,515.57. Singapore’s projected GDP will be $ 900 billion in 10 years with a per capita of $ 130,000. Sri Lanka must decide where it wishes to be in 10 years
9 min |
October 08, 2025
Daily FT
SriLankan Airlines achieves record breaking Google Ads growth with 3P Media
IN a landmark display of how strategic digital advertising can transform nationally significant industries, Roar Global's 3P Media, the offical Media Sales Representative (MSR) for Google in Sri Lanka, Laos, and Brunei has enabled SriLankan Airlines to surpass its monthly direct booking revenue targets by +23% — recording the national carriers highest-ever monthly revenue through Google Ads.
1 min |
October 08, 2025
Daily FT
Creating customer experience: ‘From satisfaction to loyalty - The new metrics that matter’
FOR many years, customer satisfaction was measured through surveys carried out with a close-ended question: “How satisfied were you with your service experience?” It was a “Yes” or “No” response in which many were comfortable with more “Yes” answers as the scores.
3 min |
October 08, 2025
Daily FT
Amana Bank first private bank to expand to Pulmoddai
AMANA Bank recently announced the opening of its latest Self-Banking Centre (SBC) in Pulmoddai, a remote city located in the Trincomalee District of Sri Lanka's Eastern Province.
1 min |
October 08, 2025
Daily FT
Impressive budgetary gains
LIVING beyond means has been a salient feature of Sri Lanka's post-independent economy. Except for two years (in 1954 and 1955 under the premiership of Late Sir John Kotelawala), all Budgets in the island have ended up in deficits. Fiscal discipline is perceived by lawmakers as a political liability while Governments that strived hard to achieve fiscal prudence have often been defeated by voters at elections.
2 min |
October 08, 2025
Daily FT
Govt. raises taxes on gambling, doubles casino entry fee for Lankans
A Gazette notification amending the Betting and Gambling Levy has been issued, coming into effect from 1 October.
1 min |
October 08, 2025
Daily FT
Sri Lanka must open up and trade its way to recovery: Economist
Arutha Research's Rehana Thowfeek says narrow export focus, protectionism, import substitution trade policies of the past have failed, precipitated economic crisis Urges Sri Lanka must \"trade its way to recovery\" and adopt open, outward- looking trade policy Warns protectionism has created an anti-export bias, shrinking exports from 30% of GDP at turn of millennium to about 20% today Notes Sri Lanka's high- tech exports only 1.5% of manufactured exports, compared to 46% in Vietnam, calling for diversification and integration into global value chains. Urges tariff simplification, digitised trade facilitation, new trade agreements and re-skilling to prepare for Al-driven global economy Suggests dedicated trade negotiation office to push bi-lateral trade agreements
4 min |
October 08, 2025
Daily FT
Mastercard Monthly Medal at RCGC
THE Mastercard 5 Club Stableford Tournament 2025 concluded in grand style at the Royal Colombo Golf Club (RCGC) drawing over 270 golfers across multiple divisions for two days of highly competitive golf.
1 min |
October 08, 2025
Daily FT
Modern Zhongtong buses hit Sri Lankan roads
MARKING a significant advancement in Sri Lanka's passenger transport sector, the latest premium Zhongtong bus range was recently introduced by its newly appointed local agent, Moveflex Ltd., a fully owned subsidiary of DIMO.
2 min |
October 08, 2025
Daily FT
Microimage celebrates 3 decades of innovation
MICROIMAGE, a pioneering force in digital innovation, marked its 30th anniversary on 20 September, celebrating a remarkable journey from humble beginnings to global impact.
2 min |
October 08, 2025
Daily FT
CIABOC gets digital Case Tracking System to boost transparency, efficiency
THE Commission to Investigate Allegations of Bribery or Corruption (CIABOC) yesterday launched a new digital Case Tracking System aimed at improving transparency, efficiency, and accountability.
1 min |
October 08, 2025
Daily FT
Digital decency
SHERRY Turkle, the American sociologist, once said: “Technology doesn’t just change what we do; it changes who we are. Online, without empathy and respect, we risk treating people as objects rather than as human beings.”
4 min |
October 08, 2025
Daily FT
UNDERSTANDING FLEXIBLE INFLATION TARGETING AND MONETARY POLICY PROCESS IN SRI LANKA
Inflation, in simple terms, is the sustained increase in general price levels across an economy.
5 min |
October 08, 2025
Daily FT
'Ruhunu Ring' to drive tourism innovation and boost visitor spending
SRI Lanka's tourism leaders last week called for a shift from traditional destination promotion to innovative product development, as the industry unveiled the 'Ruhunu Ring,' a landmark private-sector-led tourism circuit designed to transform the country's southern travel experience and raise per-tourist earnings.
1 min |