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Myland makes three new Board appointments

Daily FT

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November 11, 2025

MYLAND Developments PLC has appointed Savanth Sebastian and Ravi Goonetilleke to its Board as Independent Non-Executive Directors and Dr. Kanchana Narangoda as an Executive Director.

Sebastian has a wealth of experience in economics, financial services and investment management and presently serves as Chairman of Colombo City Holdings PLC and Director of Ambeon Capital PLC, Ambeon Holdings PLC, Voguetex Ltd. and ArpicoAtaraxia Asset Management. He also served on the Board of Directors of Nations Trust Bank PLC.

Sebastian brings with him 21 years of industry experience, having carried out responsibilities for nine years as the Senior Economist within the Global Markets research team at Commonwealth Bank in Australia, advising Federal and State Governments, high net worth private and institutional clients, and internal stake holders, including Colonial First State and the Commonwealth Bank senior leadership team.

Prior to this, he spent four years working in and then managing the International trading desk for Commonwealth Securities, the stock broking division of Commonwealth Bank, Australia which transacted across 31 international markets.

While in the role he was responsible for the facilitation of Strategic Trading Accounts, allowing CBA Treasury to manage risk and drive an alternative source of revenue.

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Daily FT

Daily FT

SAGT Chief says clear policy direction, speed and fairness key to successful PPPs

Warns Sri Lanka cannot afford multiyear delays in decision-making if it wishes to remain competitive

time to read

2 mins

November 11, 2025

Daily FT

Prime Minister pledges fair wages, social equity in tea industry

At InTSym100 marking centenary of Tea Research Institute of Sri Lanka, says Govt. targets 400 mnkg tea crop and $ 2.5 b export earnings by 2030, Notes industry sustains 2 m livelihoods and contributes 10% of agricultural exports

time to read

2 mins

November 11, 2025

Daily FT

Galadari raises refurbishment investment to $ 48.5 m with new BOL pact

GALADARI Hotels (Lanka) PLC said it has entered into a supplementary agreement with the Board of Investment (BOI) of Sri Lanka to increase the value of its ongoing hotel refurbishment project in Colombo 1 from $33.5 million to $ 48.5 million.

time to read

1 min

November 11, 2025

Daily FT

ADB approves $ 100 m to strengthen Sri Lanka's fiscal resilience and transparency

Funding to improve public expenditure management and revenue mobilisation, To support key reforms such as PPPs, procurement, develop a comprehensive Fiscal Risk Statement, climate finance strategy, SDG budget tagging and gendersensitive Nationally Determined Contribution to address gender gaps

time to read

2 mins

November 11, 2025

Daily FT

Daily FT

Asia-Pacific business leaders gather in Colombo for CACCI 39th Conference

Sri Lanka hosts CACCI annual summit for first time, drawing delegates from 28 member nations FCCISL President Keerthi Gunawardane calls for responsible entrepreneurship and pragmatic trade policy Says perfect opportunity to showcase Sri Lanka and build ties with region in the absence of strategic trade policy CACCI President Peter McMullin AM urges cross-border business cooperation as \"merchants of peace\" Sectoral sessions focus on SMEs, ICT, tourism, renewable energy, and sustainable regional growth

time to read

6 mins

November 11, 2025

Daily FT

Treasury Secretary to keynote Daily FT-Colombo Uni. MBAA post-Budget Forum today

TREASURY Secretary Dr. Harshana Suriyapperuma will participate as the Chief Guest at the popular and high-profile post-Budget Forum organised by the Daily FT in partnership with the University of Colombo MBA Alumni Association and sponsored by Standard Chartered Bank today at 9 a.m. at ITC Ratnadipa, Colombo.

time to read

1 min

November 11, 2025

Daily FT

Daily FT

PM says age-appropriate sex education is to protect children from sexual abuse

Highlights significant rise in incidents of child sexual abuse and need to provide children with proper knowledge and awareness to safeguard themselves Assures sex education curriculum will be formed based on advice of experts Notes NCPA flags child sexual abuse as serious concern in country

time to read

1 min

November 11, 2025

Daily FT

Daily FT

GEW 2025 mobilises Sri Lankan innovators under banner 'Together We Build'

SRI Lanka is set to celebrate Global Entrepreneurship Week (GEW) 2025 from 17 to 23 November, continuing to lead the region in entrepreneurial ecosystem development.

time to read

2 mins

November 11, 2025

Daily FT

SLAITO welcomes Budget, insists on marketing

SLAITO President Nalin Jayasundera welcomes plans to develop domestic airports and resume BIA expansion Welcomes VAT threshold reduction to Rs. 36 m, as move could discourage companies to split operations to avoid taxes Warns infrastructure development alone won't sustain year-round tourism; stresses need for consistent global marketing

time to read

2 mins

November 11, 2025

Daily FT

NCCSL says Budget 2026 step towards re-entering international capital markets by 2028

THE National Chamber of Commerce of Sri Lanka (NCCSL) yesterday said the 2026 Budget represents a key step towards restoring investor confidence, ensuring macroeconomic stability, and reentering international financial markets by 2028.

time to read

1 mins

November 11, 2025

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