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Daily FT

Daily FT

EY Sri Lanka welcomes Umar Mansoor to partnership

EY Sri Lanka has announced the promotion of Mohamed Umar Mohamed Mansoor and warmly welcomes him to the partnership, effective 1 July, recognising his outstanding contributions and leadership in the Assurance service line.

1 min  |

June 24, 2025
Daily FT

Daily FT

Pope Leo tells world not to forget suffering in Gaza

THE head of the Roman Catholic Church yesterday urged people to stay mindful of the suffering in Gaza, where daily Israeli attacks continue to kill and wound hundreds even as Israel’s conflict with Iran escalates following the US strikes on Iran’s nuclear facilities overnight.

1 min  |

June 24, 2025
Daily FT

Daily FT

Sri Lanka's broadcasting at 100: Industry at crossroads in turbulent world

'REIMAGINING broadcasting for the digital world' is the theme of Sri Lanka Broadcasters' Symposium 2025 to be held on 25 June in Colombo.

5 min  |

June 24, 2025
Daily FT

Daily FT

Fox Jaffna celebrates seven years of redefining luxury hospitality in North

FOX Jaffna, the flagship property of the Capital Maharaja Group's hospitality arm, Fox Resorts, commemorated its 7th anniversary on 22 June with a series of meaningful events that reflected the hotel's unwavering commitment to excellence, inclusivity, and community.

1 min  |

June 24, 2025
Daily FT

Daily FT

IODA pledges to support SL to make country diving hub

THE Indian Ocean Divers Association (IODA) recently pledged its support, collaboration, and providing expertise to Sri Lanka to develop meaningful and sustainable marine tourism that will lead to developing the blue economy in the country.

10 min  |

June 24, 2025
Daily FT

Daily FT

Sri Lankan voice on global stage: Meeting with Prof. Patrick Mendis

At the University of London, I met for the first time a man whose life story reads like a modern epic: Prof. Patrick Mendis. It was deeply personal.

2 min  |

June 24, 2025
Daily FT

Daily FT

Muslim charities: Wakf Board's directive and Court of Appeal's order

ON 30 April 2025, the Wakf Board issued a historic and significant order directing that the Kal-Eliya Muslim Ladies' Arabic College (the College) be registered as a Muslim charitable trust (Wakf).

6 min  |

June 24, 2025
Daily FT

Daily FT

Sarvodaya Development Finance records Rs. 1.4 b profit

SARVODAYA Development Finance PLC (SDF), yesterday announced a record-breaking financial performance for the fiscal year 2024/25, underscoring its commitment to sustainable growth, rural development, inclusive finance, and agri-business empowerment.

2 min  |

June 24, 2025
Daily FT

Daily FT

Colombo Athletic sends team for elite training to Milan

THE Colombo Athletic and Football Club Academy, in collaboration with AC Milan, is sending a team along with coaches for elite training to the home of AC Milan in July.

3 min  |

June 24, 2025
Daily FT

Daily FT

ComBank crowned Best Bank in Sri Lanka for 14th year by FinanceAsia

THE Commercial Bank of Ceylon has been honoured as the Best Bank among Sri Lanka's domestic banks for a remarkable 14th year by FinanceAsia, one of the world's foremost information sources on the Asian financial markets.

1 min  |

June 24, 2025

Daily FT

Diamond International unveils national crackdown on counterfeit goods

DIAMOND International Lanka Ltd., a leading name in Sri Lanka’s packaging and security solutions sector for over 17 years, has launched a nationwide initiative to combat the growing threat of counterfeit products.

1 min  |

June 24, 2025
Daily FT

Daily FT

Parliamentarian for advancement of industry and services at every district

A special discussion regarding the coordination of the Ministry of Industries' operations and district-level activities was held last week at the Parliament under the leadership of Industries and Entrepreneurship Development Minister Sunil Handunneththi and Deputy Minister Chathuranga Abeysinghe.

2 min  |

June 24, 2025
Daily FT

Daily FT

SITREK Courier celebrates major milestone with 50th branch opening in Panadura

SITREK Courier Services Ltd., a prominent subsidiary of the SITREK Group, marked a significant milestone in its expansion journey with the grand opening of its 50th branch in Panadura.

1 min  |

June 24, 2025
Daily FT

Daily FT

Radisson Hotel Kandy recognised as Quality Accelerator for Q1 2025 by Radisson Hotel Group

RADISSON Hotel Kandy, managed by La Vie Hotels & Resorts, announces its recognition as a Quality Accelerator for Q1 2025, achieving the highest improvement in Guest Review Index (GRI) across the Middle East, Africa, and South East Asia Pacific (MEA & SEAP) region.

1 min  |

June 24, 2025
Daily FT

Daily FT

Uncapped Sonal Dinusha to replace Mathews

Sri Lanka make two changes to 18-man squad for 2nd Test

2 min  |

June 24, 2025

Daily FT

NDB applauds dedication and excellence at 2024 Retail Banking Awards

NDB Bank recently hosted its prestigious Retail Banking Awards 2024, honouring the exceptional achievements and unwavering commitment of its employees across the island.

2 min  |

June 24, 2025

Daily FT

Old Rahula Sports Club clinch Matara DCA Division III cricket title in low-scoring final

OLD Rahula Sports Club crushed Old Servatians CA and FC by eight wickets in the final of the Matara District Cricket Association Division Ill cricket tournament played at the Uyanwatta ground on Sunday (22).

1 min  |

June 24, 2025

Daily FT

Asia Asset Finance caps off strong FY with record growth, strategic expansion

ASIA Asset Finance PLC (AAF), the subsidiary of the global financial powerhouse Muthoot Finance, said yesterday it has concluded the fourth quarter of the 2024/25 financial year with significant improvements in operational profits, reinforcing its position as a trusted and performance-driven financial institution in Sri Lanka.

1 min  |

June 24, 2025
Daily FT

Daily FT

CoPF approves stamp duty hike, lifting key import bans

Doubles stamp duty on property lease agreements from Rs. 10 to Rs. 20 per Rs. 1,000 effective from 1 April; expects to generate 0.01% of GDP in additional revenue Approves phased lifting of import restrictions imposed since 2020 under Import and Export (Control) Act; permits imports of used clothing (warm clothes) and motor vehicle spare parts Permits importation of gaming equipment and machinery for licenced casinos, with oversight mandated under Casino Business (Regulation) Act Directs Sri Lanka Customs to maintain detailed import records for casino-related equipment to ensure compliance CoPF Chief Dr. Harsha de Silva urges swift passage of Gambling Authority Bill to recoup significant tax revenue currently lost to unregulated activity

1 min  |

June 24, 2025
Daily FT

Daily FT

Reviving Sri Lanka's degraded forests through community and conservation

■ Siyabalagaswewa Forest is now being gazetted as a Reserved Forest, ensuring long-term protection ■ The area will soon be legally recognised as a protected forest under the 30×30 conservation target

4 min  |

June 24, 2025

Daily FT

Secondary bond market yields continue to climb

NCPI records positive inflation at 0.6% YoY in May Rupee depreciates

2 min  |

June 24, 2025
Daily FT

Daily FT

Rooted in resilience: Why Regenerative Agriculture is the future of Sri Lankan tea

ON a misty morning in Nuwara Eliya, where the hills once shimmered like emeralds under a sheath of dew, the silence is broken only by the brittle crunch of dry tea leaves underfoot. But this cradle of Ceylon tea, famed from London to Beijing, is faltering. Soil, once fertile, now lies tired from years of chemical overload. Pest outbreaks are more frequent. Fertiliser prices have soared beyond reach. And the cup, once golden, is losing its richness. “The rain used to come like clockwork,” says Gamage Bandara, a second-generation tea farmer I met during one of my trips to Sri Lankan tea gardens. “Now, it either pours like a flood or disappears for weeks. The leaves don't know when to grow anymore.” Gamage's lament echoes through the central highlands of Sri Lanka, where tea is more than a crop—it's heritage, livelihood, and national identity all steeped into one.

5 min  |

June 24, 2025

Daily FT

Assetline Finance: Leading with purpose, driving inclusive growth

ASSETLINE Finance Ltd., the flagship company under the financial services pillar of David Pieris Holdings Ltd., has delivered one of its strongest performances to date for the financial year ended 31 March, reinforcing its position as one of Sri Lanka’s leading non-bank financial institutions.

2 min  |

June 24, 2025
Daily FT

Daily FT

Parliament Committee eyes structural reforms to cut electricity generation costs

THE Sectoral Oversight Committee on Infrastructure and Strategic Development recently discussed deep structural reforms to the country's electricity sector, as rising generation costs and integration challenges for renewable energy sources continue to pressure the national grid.

1 min  |

June 24, 2025
Daily FT

Daily FT

Grip Delmege partners Warisandor to introduce premium fireproof doors in Sri Lanka

GRIP Delmege, a trusted name under the Delmege Group and a leader in interior, construction and safety solutions, has announced a strategic partnership with Warisandor Malaysia and Warisandor Lanka, internationally recognised manufacturers of high-quality fireproof doors.

1 min  |

June 24, 2025

Daily FT

Trinity retain Lakshman Kadirgamar Trophy

TRINITY College retained Lakshman Kadirgamar Trophy by beating S. Thomas' College at their annual inter-school golf encounter which took place recently at the Royal Colombo Golf Club.

1 min  |

June 24, 2025

Daily FT

Sri Lanka must move beyond triumphalism and bitterness

HINDUSTAN Times: Sixteen years ago, Sri Lanka emerged from one of the bloodiest civil conflicts in modern Asia. The military defeat of the Liberation Tigers of Tamil Eelam (LTTE) ended a nearly three-decade war that cost tens of thousands of lives, displaced entire communities, and left deep scars on the national psyche. For many Sri Lankans, the end of the LITE marks the return of peace. For others, it revives unresolved grief. But as a nation. It is time to move beyond both triumphalism and bitterness. Reconciliation-genuine, inclusive, and forward-looking is the only viable path.

3 min  |

June 24, 2025
Daily FT

Daily FT

Great leaders encourage questioning, challenge, and criticism

THE willingness of a leader to be questioned, challenged and criticised is an invaluable trait.

10 min  |

June 24, 2025

Daily FT

Sri Lanka 2025-2030: Private sector opportunities in changing global economy

THE International Chamber of Commerce (ICC), (ICC is represented in Sri Lanka by ICCSL) the world's largest business organisation representing 45 million companies across 170+ countries, has warned of the serious risks posed by tariff retaliation and advocates for a stable, open global trading system.

3 min  |

June 24, 2025

Daily FT

National Chamber of Exporters' SVAT seminar on 3 July

THE National Chamber of Exporters of Sri Lanka (NCE) will hold the third session of its high-demand seminar on the removal of the Simplified Value Added Tax (SVAT) system on 3 July, at the BMICH.

2 min  |

June 24, 2025