Newspaper
Daily FT
Rethinking Public Finance: EY on why Accrual Accounting matters for Sri Lanka?
THE International Federation of Accountants (IFAC), in collaboration with the Chartered Institute of Public Finance and Accountancy (CIPFA) and the International Public Sector Accounting Standards Board (IPSASB), has unveiled the 2025 Status Report of the International Public Sector Financial Accountability Index.
1 min |
October 21, 2025
Daily FT
Pan Asia Bank expands digital payment solutions through new strategic partnership
PAN Asia Bank, has taken another step forward in strengthening its digital banking capabilities by signing a strategic agreement with WEBXPAY to provide seamless, secure, and innovative payment solutions to its customers and merchant base.
1 min |
October 21, 2025
Daily FT
Sri Lanka lose to India in Kabaddi
SRI Lanka Boys and Girls lost to India in their Kabaddi encounters, which concluded at the Asian Youth Games 2025 in Bahrain yesterday.
1 min |
October 21, 2025
Daily FT
US Dollar’s collapse, rise of Bitcoin and the run of gold
The real threat to the prominence of USD as a reserve currency had been posed not by these emerging alternative currencies. It has been made by gold which is a close substitute for USD as a store of value and Bitcoin, a cryptocurrency that has offered enormous speculative profits to its holders. Except the possibility of making capital gains out of any increase in the market prices, gold does not earn any revenue for the holder. In fact, gold makes a negative annual earning since the holders must pay a commission or a service charge to the depository which provides safekeeping services to investors
5 min |
October 21, 2025
Daily FT
First Capital first to join the partnership for Carbon Accounting Financials
FIRST Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, has announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), becoming the first capital markets institution in Sri Lanka to join this global initiative.
2 min |
October 21, 2025
Daily FT
Balancing innovation, regulation, and ethics in AI is the new Asian consensus
THE final session of the 11th Annual Daily FT-CICRA Cyber Security Summit 2025 concluded on a forward-looking note, exploring the intersection of AI governance, open innovation, and cybersecurity resilience.
6 min |
October 21, 2025
Daily FT
Boys Kabaddi team starts strong at Asian Youth Games
SRI Lankan Boys Kabaddi outfit thrashed hosts, Bahrain 65/21 in their opening encounter totally dominating at the Third Asian Youth Games 2025 on Sunday at the Bahrain National Stadium (ISA Sports City).
1 min |
October 21, 2025
Daily FT
SLTDA reviews provincial tourism development and coordination
THE Sri Lanka Tourism Development Authority (SLTDA) recently organised a progress review meeting on “Provincial Tourism Development and Coordination” on 17 October, at the Galle Face Hotel, Colombo.
1 min |
October 21, 2025
Daily FT
Microfinance debt: FCEJ calls on Govt. to take urgent measures to protect women from predatory lending
THE Feminist Collective for Economic Justice (FCEJ), expressing its deep concerns over the economic degeneration and rising household indebtedness in Sri Lanka, has accused the Government of failing to enact effective regulation against predatory lending practices and moving forward with a new Microfinance Bill without adequate public consultation.
4 min |
October 21, 2025
Daily FT
NDB Bank partners Unimo Enterprises to expand affordable leasing options
NDB Bank has entered into a Memorandum of Understanding (MoU) with Unimo Enterprises Limited, a fully owned subsidiary of United Motors Lanka PLC, to provide customers with greater access to affordable and flexible vehicle financing.
1 min |
October 21, 2025
Daily FT
10th Annual Dialog Club Vision Rotary Par 3 Classic on 25 Oct.
THE Rotary Club of Colombo Metropolitan (RCCM) has announced the 10th Annual Dialog Club Vision Rotary Par 3 Golf Classic 2025, to be held on 25 October at the Royal Colombo Golf Club (RCGC).
3 min |
October 21, 2025
Daily FT
LB Finance Al-Salamah marks 15 years of excellence in Alternate Financial Services
LB Finance PLC recently celebrated the 15th anniversary of LB Al-Salamah Alternate Financial Services unit at a grand ceremony held at Shangri-La Colombo, marking a significant milestone in its journey of providing Shari'ah-compliant financial solutions in Sri Lanka.
1 min |
October 21, 2025
Daily FT
Sri Lanka Insurance Life maintains growth trajectory in Q3 with 32% increase in GWP
SRI Lanka Insurance Life (SLIC Life) said yesterday it has recorded an impressive performance for the nine months ending 30 September, reflecting the company’s exceptional business strength and resilience.
1 min |
October 21, 2025
Daily FT
Evolution Auto delivers first fleet of KYC electric vans
EVOLUTION Auto Ltd., has officially delivered the first fleet of KYC electric vans to Sri Lankan customers at a special handover ceremony held recently at the Evolution Auto Multi-Brand Aftersales Complex, situated in Peliyagoda adjoining the iconic Porsche showroom.
1 min |
October 21, 2025
Daily FT
Gutsy Sri Lankan men's outfit secure third place
THE Sri Lankan men’s rugby sevens outfit produced a some outstanding running rugby to finish third at the second leg of the Asian Sevens Series, held at the Race Course ground in Colombo last evening.
1 min |
October 21, 2025
Daily FT
Siemens, DIMO complete Sri Lanka's largest grid substation at Habarana
SIEMENS together with DIMO have successfully completed Sri Lanka’s largest grid substation at Habarana valued at Rs. 5 billion.
2 min |
October 21, 2025
Daily FT
NDB announces limited-time fixed deposit offer
NDB Bank has announced the launch of its exclusive 100 & 200 Days Fixed Deposit, designed to offer customers higher returns and faster growth on their savings.
1 min |
October 21, 2025
Daily FT
SLT-Mobitel partners vivo to launch latest 5G-ready smartphones
SLT-MOBITEL, in partnership with vivo, has officially launched the highly anticipated vivo V60 5G and vivo Y29T 5G in Sri Lanka, combining Vivo's cutting-edge smartphone innovations with SLT-Mobitel's superior network experience.
1 min |
October 21, 2025
Daily FT
Amari Colombo wins Sri Lanka's Leading Business Hotel 2025 at World Travel Awards
AMARI Colombo has been honoured as Sri Lanka’s Leading Business Hotel 2025 at the World Travel Awards (WTA), Asia and Oceania Gala Ceremony held in Hong Kong in October 2025. This accolade recognises the hotel’s exceptional standards of service, contemporary design, and its position as a benchmark for business hospitality in Sri Lanka.
1 min |
October 21, 2025
Daily FT
Mintpay partners FitsAir to make outbound travel more accessible
MINTPAY has partnered with FitsAir, Sri Lanka’s first privately owned international airline, to offer customers flexible and rewarding payment options when purchasing air tickets.
1 min |
October 21, 2025
Daily FT
CA Sri Lanka honours five Chartered Accountants for lifelong service to nation and profession
IN celebration of an enduring legacy and unwavering commitment to excellence, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently honoured five distinguished Chartered Accountants for their outstanding contribution, which has not only shaped Sri Lanka's financial and economic landscape but also enriched the corporate world, society, and the nation through visionary leadership, ethical stewardship, and a deep sense of civic responsibility.
3 min |
October 21, 2025
Daily FT
Sri Lanka wins hearts at IMF-World Bank meetings
SL delegation led by CBSL Governor Dr. Nandalal Weerasinghe Participating in Global Sovereign Debt Roundtable, SL welcomes global efforts to address debt vulnerabilities and strengthen coordination Highlights near completion of its debt restructuring and recent IMF program milestones Calls for clearer processes in commercial debt restructuring, regular updates on bilateral agreements, practical guidance on liability management, and greater debt transparency Constructive engagement has reinforced support for Sri Lanka's economic recovery, debt sustainability, and investment climate
2 min |
October 21, 2025
Daily FT
SriLankan Airlines scores hat-trick as Leading International Airline in South Asia at SATA
SRILANKAN Airlines scored a hat-trick, winning the title of Leading International Airline in South Asia under the Visitors' Choice Awards category at the South Asian Travel Awards (SATA) 2025, for the third consecutive year, placing the airline at the pinnacle of aviation in the region.
1 min |
October 21, 2025
Daily FT
London-Colombo fintech WealthOS demonstrates breakthrough migration capability
THE technology built by WealthOS, a London/Colombo-based cloud native wealth tech SaaS, has powered the migration of 126,000 UK ISA and Junior ISA accounts from Embark (FNZ) to Quai Digital, its flagship UK client and a London-based white-label digital savings and investment platform services provider.
2 min |
October 21, 2025
Daily FT
Dr. Rasitha Wickramasinghe joins CDB Board
CITIZEN'S Development Business Finance PLC (CDB) has appointed Dr. Rasitha Wickramasinghe to its Board as an Independent Non-Executive Director.
1 min |
October 21, 2025
Daily FT
Ruhunu Ring: New chapter in destination storytelling for Sri Lanka's Deep South
SRI Lanka's Deep South has officially taken centre stage as a premier destination with the launch of the Ruhunu Ring, a visionary concept initiated by Shangri-La to strengthen destination storytelling and tourism marketing.
3 min |
October 21, 2025
Daily FT
Seylan Bank accelerates MSME lending with new Govt.-backed schemes
SEYLAN Bank, in collaboration with the Government, has reinforced its commitment to Micro, Small, and Medium Enterprises (MSMEs) by expediting loan disbursements through a combination of direct lending and innovative guarantee schemes.
1 min |
October 21, 2025
Daily FT
Sri Lanka Esports set to make historic debut at 2025 Asian Youth Games in Bahrain
SRI Lanka Esports athletes will represent the nation at the 3rd Asian Youth Games 2025 taking place in Bahrain this month, where Esports will be featured as a medal event for the very first time.
2 min |
October 21, 2025
Daily FT
Kadurugamuwa presents credentials as Ambassador of Sri Lanka to Türkiye
AMBASSADOR of Sri Lanka to the Republic of Tiirkiye Niluka Kadurugamuwa, presented his Letters of Credence to the President of the Republic, Recep Tayyip Erdogan, at a formal ceremony held at the Presidential Complex in Ankara on 16 October.
2 min |
October 21, 2025
Daily FT
Shameful resistance to protecting our children
IT is deeply troubling that Sri Lanka’s long-overdue effort to criminalise corporal punishment of children has met such fierce resistance from sections of teachers and, most disappointingly, the clergy. Equally shameful is the Government’s apparent willingness to bow to this regressive pressure. At a time when countries across the world have evolved to recognise corporal punishment as a form of child abuse, Sri Lanka seems poised to take a step backward, clinging to outdated notions of discipline cloaked in the language of “tradition” and “culture.”
2 min |