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Daily FT - August 22, 2025

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Bu sayıda

August 22, 2025

"Secret of Success” one-day workshop on 28 August

A transformative one-day special workshop on “Secret of Success” for mid and senior level managers committed to achieving personal and organisational excellence, led by Professor Thilakasiri — a management expert and former Director General of

1 mins

EDB conducts spices packaging workshop

THE Sri Lanka Export Development Board's (EDB) National Packaging Centre (NPC) recently conducted an awareness workshop on spices packaging for over 75 exporters and potential exporters, aimed at enhancing product competitiveness in local and international markets.

1 mins

WIM’s Top 50 Career Women Awards set to mark 15-year milestone in October

WIM to host Global Week 2025 from 7-9 Oct. in Colombo Three new segments introduced to the Top 50 Awards Awards received nominations from 12 countries Over 300 delegates from 15 countries expected Judging panel includes local and international experts Awards designed to mentor emerging leaders and support MSMES Nominations for the MSME Awards are open until 31 August

4 mins

Cabinet grants policy approval to draft bill amending Bank of Ceylon Ordinance

THE Cabinet of Ministers on Monday approved granting policy clearance to proceed with drafting a bill to amend the Bank of Ceylon Ordinance No. 53 of 1938, in line with earlier Cabinet approval granted on 15 July 2024.

1 mins

Pyramid Wilmar marks 20 years of success in food biz; says SL has biggest potential in agriculture

Leads in edible oil industry, sugar trading, bakery industry essentials and value-added milk and related products Reveals $ 1 b investment made to grow food business with Singapore-based global giant Wilmar apart from diversifying into leisure with Shangri-La Attributes focus on providing world-class quality products at affordable prices and resilient team to success Insists Sri Lanka can be self-sufficient in edible oil and milk supplies, reducing dependency on imports Calls for pragmatic policies and enabling environment

2 mins

Three more Supreme Court petitions challenge Bill repealing former Presidents’ benefits

SPEAKER of Parliament Dr. Jagath Wickramaratne yesterday informed the House that he had received copies of three more petitions filed at the Supreme Court, challenging the proposed repeal of Presidential entitlements.

1 mins

Presidential Committee invites public submissions on fraud and corruption at AASL and SriLankan Airlines

THE Special Presidential Investigation Committee, appointed to probe past fraud, corruption, and malpractices at Airport and Aviation Services (Sri Lanka) Ltd., (AASL) and SriLankan Airlines during the period from 2010 to 2025, has called for complaints, views, and proposals from employees, staff members, and the general public.

1 mins

Prem Watsa’s visit underscores Fairfax’s long-term commitment to Sri Lanka

FAIRFIRST Insurance recently welcomed Fairfax Financial Holdings Chairman and Chief Executive Officer Prem Watsa to its head office in Colombo.

1 mins

Ambeon strengthens portfolio through strategic investments in hospitality sector

Strengthens growth strategy through near Rs. 900 m worth equity stakes in iconic Sri Lankan hotel companies The Kandy Hotels Company and Ceylon Hotels Corporation

2 mins

CoPF finds only 35 Chartered Accountants auditing nearly 2,000 public institutions

THE Parliament Secretariat yesterday said that the Committee on Public Finance (CoPF) has found that the National Audit Office has only 35 Chartered Accountants to oversee nearly 2,000 public institutions including Ministries, Departments and State-owned enterprises.

1 mins

Alliance Finance's Rs. 2 b Social Bond issue oversubscribed on opening day

ALLIANCE Finance Company PLC (AFC) said its Rs. 2 billion Social Bond issue was oversubscribed yesterday on the opening day, prompting the lender to close subscriptions.

1 mins

Home Lands’ Pentara Residences Thummulla gets Development Permit

HOME Lands' most iconic residential development, Pentara Residencies in Thummulla, has been awarded the Development Permit by the Urban Development Authority (UDA), granting the project full clearance to move forward with construction.

1 mins

Young political leaders from South and Southeast Asia meet with Women Parliamentarians’ Caucus

YOUNG political leaders from across South and Southeast Asia with their staff members and representatives from the Institute of Konrad Adenauer Stiftung met with the Women Parliamentarians’ Caucus following their visit to Parliament.

1 mins

Lanka Salt Company reduces prices

LANKA Salt Ltd. Chairman Nandana Thilaka on Wednesday announced a reduction in the prices of its iodised salt products.

1 mins

Cabinet clears construction of new Wattuwakal bridge on A035 highway

THE Cabinet of Ministers on Monday approved awarding the construction contract for the new Wattuwakal Bridge (Bridge No. 50/1) on the Paranthan—Karatchi-Mullaitivu (A035) highway to M/s RR Construction Ltd., the lowest substantially responsive bidder.

1 mins

Ex-IGP Deshabandu remanded till 27 August

FORMER Inspector General of Police (IGP) Deshabandu Thennakoon was remanded till 27 August after being produced before the Colombo Fort Magistrate’s Court yesterday over his alleged role in the violent crackdown on peaceful protesters at Galle Face on 9 May 2022.

1 mins

New think-tank Asian Geopolitics, Sustainability, and Peace Council launched

A new era in regional policy dialogue began with the official launch of The Asian Geopolitics, Sustainability, and Peace Council (AGSPeC) at the Sri Lanka Foundation Institute in Colombo on 20 August ~ a platform dedicated to fostering strategic understanding of geopolitical issues, advancing peace, and promoting sustainable development across Asia. Leading scholars, diplomats, policymakers, civil society leaders and concerned citizens took part in this event, in addition to. gamut of political leaders, former statesmen, and leaders of politcal parties

2 mins

Embassy in Sri Lanka marks 80th anniversary of Viet Nam’s Independence Day and 55 years of Viet Nam-Sri Lanka diplomatic relations

THE Embassy of Viet Nam in Sri Lanka held a distinguished commemorative event on Tuesday, at the Hilton Hotel, Colombo to celebrate two significant milestones: the 80th anniversary of Viet Nam’s Independence Day and the 55th anniversary of diplomatic relations between Viet Nam and Sri Lanka.

2 mins

Gem Sri Lanka 2026 launch set for 26 August

THE Ceylon Gem and Jewellery Traders Association (CGJTA) announced that the launch of the 'Gem Sri Lanka 2026' international expo will take place on 26 August at the Lotus Ballroom of Shangri-La Colombo.

1 mins

CIPM adds ISO 21001:2018 to growing list of global accreditations

CIPM Sri Lanka, the nation's leader in Human Resource Management, has achieved a landmark accomplishment by earning the ISO 21001:2018 Educational Organisation Management System (EOMS) certification from the Sri Lanka Standards Institution (SLSI) – an honour that cements its position at the forefront of educational excellence.

1 mins

CBA celebrates 55 years with eye on global expansion

CEYLON Business Appliances (CBA) is celebrating 55 years in operation, marking its journey from a modest startup to becoming a formidable player in Sri Lanka's technology sector with plans to drive Al-led innovations and global expansion.

2 mins

SamsonLines appoints Director Rushdi Zackariya to drive expansion

SAMSON Logistics Ltd. (SamsonLines), a subsidiary of DSI Samson Group, yesterday said it has appointed Rushdi Zackariya to its Board of Directors to spearhead expansion and efforts to become a fully integrated third-party logistics (3PL) provider.

1 mins

Huawei receives “Outstanding Gold Award" at Hong Kong Privacy-Friendly Awards 2025

HUAWEI Services (Hong Kong) Co., Ltd. earned an “Outstanding Gold Award” at the “Privacy-Friendly Awards 2025” Presentation Ceremony organised by the Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD).

2 mins

Asia Asset Finance reports 128% PBT growth in 1Q

ASIA Asset Finance PLC (AAF) said yesterday it reported a Profit before Tax (PBT) of Rs. 294.8 million in the first quarter of ending 30 June, up 123% from a year ago while Profit After Tax (PAT) grew 57% to Rs. 181 million.

1 mins

Sampath Bank partners ADB to strengthen trade finance access

SAMPATH Bank PLC yesterday said that it has joined the Asian Development Bank's (ADB) Trade and Supply Chain Finance Program (TSCFP), a partnership aimed at widening access to trade finance across Sri Lanka.

1 mins

SDB bank delivers Rs. 156 m PAT in 1H

SDB bank said yesterday that it reported a Profit After Tax (PAT) of Rs. 156 million for the first half of 2025. It recorded a 32% year-on-year increase in net fee income, while its Net Interest Margin rose to 5.64% in June 2025, supported by proactive yield and funding cost management.

1 mins

CSE closes up for 5th straight session, ASPI inches to new high

THE Colombo stock market closed up for the fifth straight session yesterday, with turnover reaching Rs. 10.5 billion on a highly volatile session dominated by retail and high-net-worth investor participation.

2 mins

Secondary Bond market yields pick up

■NCPI inflation recorded at + 0.70% in July

1 mins

Sampath Bank rolls out API Banking with CDB as first corporate onboarding

SAMPATH Bank said it has onboarded Citizens Development Business Finance PLC (CDB) as the first corporate client to integrate with its API Banking platform, enabling seamless and secure payments processing directly from CDB's ERP system.

1 mins

People’s Insurance reports 33% GWP revenue growth

PEOPLE’S Insurance PLC yesterday said Gross Written Premium (GWP) revenue grew 33% from a year earlier to Rs. 3.7 billion in the first half of 2025.

1 mins

AIA Insurance Ampara Area Development Office No.3 moves to new location

AIA Insurance Lanka Ltd. has relocated its Ampara Area Development Office (ADO) No. 3 to a new premises located at No. 66, D.S. Senanayake Street, Ampara.

1 mins

Sanasa Life Insurance bags top NBEA 2025 award

SANASA Life Insurance won the 'Large Category, Excellence in Business and Financial Results' award at the recently held National Business Excellence Awards 2025 organised by the National Chamber of Commerce of Sri Lanka.

1 mins

Amana Takaful Insurance shines with four Gold wins at the 14th SLIBFI Awards 2025

AMANA Takaful Insurance has marked a remarkable milestone at the 14th Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards 2025 held at Shangri-La Hotel, Colombo. Organised annually by UTO EduConsult and adjudicated by KPMG, the prestigious event celebrates excellence within Sri Lanka’s Islamic finance sector, bringing together leading institutions and professionals dedicated to inclusive financial services.

1 mins

APB Sri Lanka earns regional recognition at Banking Summit in Nepal

THE Association of Professional Bankers (APB) Sri Lanka, the country’s professional body for banking, has marked a new milestone when its leadership participated in the BFIN International Banking Summit 2025, held in Kathmandu, Nepal on 15 and 16 August 2025.

2 mins

Global drive for Al influencers spurs new opportunities for Sri Lankan MarTech companies like Enfection

THE influencer marketing industry continues its rapid evolution, with Al-powered influencers emerging as a game-changing force.

2 mins

Lankan launches world's first “Chetty-Based” ROI marketing formula for small businesses

IN a bold move set to disrupt the way small businesses approach marketing, Sri Lankan digital strategist Angelo Peterson Pullenayegam has launched The Chetty 7, the world's first ROI-marketing system inspired by the centuries-old Chetty trading legacy.

3 mins

George Steuart turning 190: A phenomenal landmark

THE grand old firm George Steuart has moved into the 190*s and is standing tall notwithstanding recent reversals as COVID and the country’s bankruptcy.

1 mins

Brain drain: Draining Sri Lanka’s economic and social progress

THE findings of a recent study undertaken by two academics attached to Peradeniya University — Prof. Wasantha Athukorala and Lakshman Kumara — analysing the migration patterns of Sri Lankan state university graduates with a focus on science and related disciplines is an eye opener to the gravity of the exodus of top-quality human talent from the country. The research had found that over 50% of graduates from government campuses — including many from science, engineering, and agriculture faculties — leave for greener pastures forever.

2 mins

Social protection: Not an option but a necessity in Asia and the Pacific

ASIA and the Pacific is navigating multiple disruptions, both positive and negative. Economic restructuring, green transitions, intensifying climate change, demographic shifts and digital transformations are posing a critical question: how do we ensure that large numbers of people are not left behind?

3 mins

Harsha’s strategy for financing long-term credit for SMEs: Is it viable?

AT a recent SME forum, Dr. Harsha de Silva proposed an approach to support Sri Lanka’s small and medium enterprises (SMEs) by creating a dedicated long-term credit facility by tapping into domestic provident funds. He underscored a critical challenge facing Sri Lanka’s financial sector: the collapse of the traditional development banking model following the country’s transition to middle-income status.

3 mins

ITAK launches half-day hartal with twin objectives in North-East

\"HARTAL\" is a word that entered the political discourse of countries like India, Sri Lanka and Malaysia during British rule.

10+ mins

Island Market on 27 Sept. at Town Hall outdoor car park

THE Island Market continues to support numerous small home-based business ventures adversely affected by the pandemic and economic crisis.

2 mins

Thai Seafood Lunch at The Kingsbury’s Ocean

THE Kingsbury, Colombo, invites guests to embark on a culinary journey to Thailand with its exclusive Thai Seafood Lunch at Ocean Seafood Restaurant, one of Colombo's premier seafood destinations.

1 mins

Long-awaited Ceylon Flea Market returns this Saturday

AFTER a refreshing pause during the monsoon season, one of Colombo's most anticipated community events is back.

1 mins

"Flavours of Vietnam" from 21-30 August at Graze Kitchen of Hilton Colombo

A journey of spice, soul and signature flavours from Vietnam to Colombo

2 mins

Tea Avenue makes India debut, eyes global expansion

Tea Avenue to open outlets in Delhi, Mumbai and Bangalore within next 12-18 months Expansion formats to include flagship cafés, kiosks and in-hotel tea stations Tea Avenue to launch retail line in India, including premium teas and gift sets, to complement café operations Sets target of 200+ outlets worldwide by 2035

2 mins

Former Trinitian Pathiraja grabs honours on high-scoring day

HIGH scoring was the order of the day in the two SLC Under-23 inter-club two-day matches which began yesterday.

1 mins

RCGC Club Championship progresses with thrilling quarter-final line-up

THE 104th Royal Colombo Golf Club (RCGC), Club Championship entered its quarterfinal stage yesterday, producing some fine golf and setting the stage for a superb 4 clashes ahead today.

1 mins

PM chairs discussion to promote school sports

OFFICIALS of the Ministry of Education and the Ministry of Sports and Youth Affairs yesterday held a discussion with Education, Higher Education, and Vocational Education Minister and Prime Minister Dr. Harini Amarasuriya at the Parliamentary Complex regarding the ways to promote school sports and resolving existing issues in the respective sector.

1 mins

Expolanka Holdings beat DFCC Bank in MCA Premier League 50 Over

UNBEATEN, Expolanka Holdings qualified for the final, in the first Link Natural Products/ Musclegard sponsored, MCA Premier League 50 Over/ Whiteball Tournament 2025, which continued with the playoffs on Wednesday.

1 mins

Rejection of SLR AGM nominations exposes governance crisis

THE nomination process for the Sri Lanka Rugby (SLR) Annual General Meeting, held on 19 August has collapsed in total rejection — a direct result of proceeding under an illegally amended constitution.

2 mins