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SJB's political debacles raise questions over future of leadership

Daily FT

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June 19, 2025

THE main Opposition SJB’s inability to secure the post of Mayor of the Colombo Municipal Council (CMC) is another in a growing list of political failures on the part of its leader Sajith Premadasa.

It was a council the SJB could have won outright at the elections without going through a rigorous deal-making process, but Premadasa, who insiders allege acts on the whims of a handful of those in his inner circle, failed to read the mood of the voters and reach a consensus with other Opposition parties to secure the council prior to the polls.

Having failed at that, the SJB got into an alliance with its sworn political opponents including the UNP and the SLPP in the hope it would win the council, the most important among all local government bodies in the country. That too proved a failure when the NPP pushed for a secret vote and defeated the SJB candidate handpicked by Premadasa.

FLERE HISTORIER FRA Daily FT

Daily FT

Customs, Inland Revenue unite to crack down on under-invoicing, tax evasion

THE Finance Ministry yesterday said that Sri Lanka Customs and the Inland Revenue Department have signed a Memorandum of Understanding to conduct joint investigations into undervaluation of imports and related tax evasion, as part of broader Government efforts to strengthen revenue administration.

time to read

2 mins

January 14, 2026

Daily FT

Daily FT

Grade 6 education reforms differed to 2027 after textbook controversy

THE Cabinet of Ministers on Monday approved a proposal to postpone the planned education reforms for Grade 6, following widespread controversy over the inclusion of an inappropriate web link in a new English textbook.

time to read

1 mins

January 14, 2026

Daily FT

AKD sends strong policy signal: Ditwah will not derail fiscal agenda

PRESIDENT Anura Kumara Dissanayake yesterday sent a strong signal that the Government would not allow Cyclone Ditwah to derail its economic and fiscal program, stressing that policy continuity would be maintained despite the scale of the disaster.

time to read

2 mins

January 14, 2026

Daily FT

Trump to impose 25% tariff on Iran's trading partners, limited exposure for Sri Lanka

Iran ranked 34th among Sri Lanka's export destinations in 2024 with exports of $ 67.8 million; imports from Iran were $2.48 million. Tea accounted for nearly 89% of Sri Lanka's exports to Iran; plastic products were the main imports from Iran, valued at under $ 800,000

time to read

1 mins

January 14, 2026

Daily FT

Easter without answers: Why power has still failed the dead

“No majority, however large, can outrun that truth”

time to read

4 mins

January 14, 2026

Daily FT

T-Bill rates notch up marginally at weekly auction

AT the weekly Treasury Bill auction held yesterday, weighted average yields recorded an upwards movement for a fourth consecutive week, albeit witnessing a mwoderation in the increasing momentum.

time to read

1 mins

January 14, 2026

Daily FT

BYD records 4.6 m NEV sales in 2025, retains global No. 1 ranking

BYD has retained its position as the world's largest seller of New Energy Vehicles (NEVS), recording total global sales of 4,602,436 units in 2025.

time to read

2 mins

January 14, 2026

Daily FT

Amber Adventures warns arbitrary regulatory actions threaten $ 12.75 m FDI

Alleges BOI-approved $ 12.75 m cable car project facing regulatory harassment. Project suspended over social media posts despite multiple State approvals. Company already invested $ 3.5 m in 2022 during country’s worst economic crisis

time to read

2 mins

January 14, 2026

Daily FT

Daily FT

Making TIN mandatory for vehicle registration in Sri Lanka

IN a significant policy shift aimed at strengthening financial accountability and improving tax compliance, Sri Lanka's Department of Motor Traffic (DMT) has made it mandatory to provide the Taxpayer Identification Number (TIN) for new vehicle registrations and ownership transfers.

time to read

3 mins

January 14, 2026

Daily FT

Rajitha Basnayake joins Cargills Bank Board

CARGILLS Bank has appointed Rajitha Basnayake to its Board as an Independent Non-Executive Director:Basnayake is a Chartered IT Professional and an Independent Management Consultant with over thirty five years of extensive experience in ICT and Business Management, providing leadership to mission critical ICT and Business Process Transformation projects enabling business strategies for a wide variety of industry sectors predominantly encompassing financial services, digital entertainment, digital marketing and media, FMCG and consumer durables, retailing and distribution and food and beverage manufacturing and distribution, hospitality and Information Technology solution delivery in private and public sector projects.

time to read

1 min

January 14, 2026

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