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Daily FT

Daily FT

TMC Colombo marks historic milestone at 20th Annual General Meeting

THE Management Club (TMC) Colombo marked a momentous occasion with the successful hosting of its 20th Annual General Meeting (AGM) on Tuesday, 22 July, from 6 p.m. to 7 p.m. at Ebony Hall, Cinnamon Grand Hotel, Colombo.

2 min  |

August 04, 2025
Daily FT

Daily FT

CTTA bestows Honorary Membership on Asia Siyaka Commodities' Anil Randolph Cooke

IN recognition of a remarkable career character-ised by vision, leadership, and dedication, Anil Cooke was honoured as an Honorary Member of the Colombo Tea Traders' Association at its 131st Annual General Meeting on 25 July, making him the 29th member to receive this honour in the modern history of the association.

1 min  |

August 04, 2025

Daily FT

Bond market rallies on final US Reciprocal Tariff outcome

THE Secondary Government securities market last week, initially kicked off on a subdued note, with activity and volumes remaining muted up to midweek. Yields were seen edging higher at the start of the week amidst a cautious sentiment, as market participants stayed largely on the sidelines ahead of the back-to-back Treasury Bond and Bill auctions and the anticipated 1 August deadline for the US Reciprocal Tariff decision. Tuesday’s Rs. 122 billion bond auction outcome left overall market dynamics broadly unchanged, with trading remaining confined to a few selected maturities. A slight pickup in activity was observed on Wednesday following the announcement of the T-Bill auction results, which saw a marginal downward movement in yields.

3 min  |

August 04, 2025

Daily FT

HSBC awarded Best International Bank in Sri Lanka by Euromoney again

HSBC has been recognised as the Best International Bank in Sri Lanka by Euromoney for the second year in a row in their Awards for Excellence 2025.

1 min  |

August 04, 2025

Daily FT

Ceylon Association of Shipping Agents holds 59th AGM

Champions maritime advocacy and digital transformation Hayleys Advantis' Shano Sabar re-elected Chairman CASA reiterates call for a Unified Maritime Authority Advocates overcoming challenges through collaboration

3 min  |

August 04, 2025
Daily FT

Daily FT

Indrajit Wickramasinghe appointed to DIMO Board

EX-BANKER Indrajit Wickramasinghe has been appointed to the Board of Diesel and Motor Engineering Company PLC as an Independent Non-Executive Director.

1 min  |

August 04, 2025

Daily FT

SriLankan Aviation College gains Nepal Civil Aviation Authority accreditation

SRILANKAN Aviation College, a regional leader in aviation training, recently achieved a significant milestone by receiving accreditation from the Civil Aviation Authority of Nepal for Type Training.

1 min  |

August 04, 2025
Daily FT

Daily FT

Sunshine Holdings ups top-line growth by 11.6% in 1Q

DIVERSIFIED conglomerate Sunshine Holdings PLC has delivered a resilient start to FY26, reporting strong top and bottom line growth.

2 min  |

August 04, 2025

Daily FT

Plate segment wide open after DS and Kingswood wins

THE Dialog Schools Under-19 Plate Championship was thrown wide open as both DS and Kingswood recorded crucial wins, leaving three teams — DS, St. Joseph’s. and Kingswood — with an opportunity for the title.

1 min  |

August 04, 2025

Daily FT

Plastics and Rubber Institute of Sri Lanka welcomes US tariff reduction on Sri Lankan exports

THE Plastics and Rubber Institute of Sri Lanka (PRISL) has extended its appreciation for the recent decision by US President Donald Trump to reduce and finalise the tariff rate to 20% on Sri Lankan exports to the United States.

1 min  |

August 04, 2025

Daily FT

Nishantha Abeysinghe new CEO/ Director at Talawakelle Tea Estates

NISHANTHA Abeysinghe has been appointed to the Board of Talawakelle Tea Estates PLC as the Executive Director/CEO.

1 min  |

August 04, 2025

Daily FT

Peter Kuruvita joins hands with Home Lands as Brand Ambassador

HOME Lands has announced the appointment of internationally renowned chef and restaurateur Peter Kuruvita as an official brand ambassador.

1 min  |

August 04, 2025
Daily FT

Daily FT

People’s Insurance opens new branch in Nugegoda

PEOPLE’S Insurance PLC, one of Sri Lanka’s most trusted and fastest-growing General Insurance providers, announced the opening of yet another standalone branch in Nugegoda on 28 July.

1 min  |

August 04, 2025

Daily FT

McLarens Group steps up as sponsor of Sri Lanka Junior International Badminton Series 2025

MCLARENS Group, one of Sri Lanka’s most renowned and diversified conglomerates, has stepped forward as the principal sponsor of the Sri Lanka Junior International Badminton Series 2025, scheduled to take place from 5 to 8 August at the New Saniro Sports Complex in Naiwala, Gampaha.

1 min  |

August 04, 2025
Daily FT

Daily FT

Roger Talayaratne appointed President of The Management Club’s Board of Management

THE Management Club (TMC) has announced the appointment of Roger Talayaratne as the new President of the Board of Management, following the Annual General Meeting (AGM) held on 22 July.

1 min  |

August 04, 2025
Daily FT

Daily FT

Teejay Group Q1 profits up 31% despite industry challenges

THE Teejay Group, a leading South Asian multinational textile manufacturer, has reported a resilient performance for the first quarter of the 2025/26 financial year, demonstrating its operational strength and strategic agility in the face of continued global market headwinds.

1 min  |

August 04, 2025
Daily FT

Daily FT

Financing Sri Lanka's electricity sector growth and transition

Fears and misconceptions vs. rational realism

5 min  |

August 04, 2025
Daily FT

Daily FT

Revisiting “Consumer Strategy”: Remembering a coveted stalwart

TIME has flown so rapidly. It has been 10 years since the demise of Prof. Uditha Liyanage, my mentor.

6 min  |

August 04, 2025
Daily FT

Daily FT

HNB backs $ 40 m Surge-Calcey merger to launch 'Short Circuit'

IN a landmark move for Sri Lanka's digital economy, Surge Global and Calcey Technologies have joined forces in a $ 40 million transaction to form Short Circuit Ltd., — a regional tech powerhouse built to deliver transformation at scale, with deep operational discipline for growth-stage companies and enterprises alike.

3 min  |

August 04, 2025

Daily FT

Zumri leads SL U20 Sevens outfit

SRI Lanka Under-20 Sevens outfit led by former Isipathana Vice Captain and present Kandy Sports Club Centre Shaahid Zumri will leave to Bihar, India on 7 August for the Asia Rugby Under-20 Sevens championship 2025.

1 min  |

August 02, 2025
Daily FT

Daily FT

US tariff deal propels ASPI over 19,900 to new high

Ends week on the up: ASPI and S&P SL20 gain 2.3% and 2.4% respectively

2 min  |

August 02, 2025

Daily FT

Govt. signals willingness to revisit IMF conditions if needed

TREASURY Secretary Dr. Harshana Suriyapperuma yesterday said the Government remains flexible in addressing any concerns about the possible impact of US trade demands on the existing commitments of the International Monetary Fund (IMF) program.

1 min  |

August 02, 2025
Daily FT

Daily FT

The Shoppes at City of Dreams opens, ushering in luxury retail to Colombo

WITH the grand opening of City of Dreams, Sri Lanka’s first integrated resort, set for today (2), the destination's premium retail component, The Shoppes at City of Dreams, officially launched yesterday.

1 min  |

August 02, 2025

Daily FT

Treasury Secretary confirms SL exploring US energy option

TREASURY Secretary Dr. Harshana Suriyapperuma yesterday confirmed that Sri Lanka is exploring ways to secure more competitive pricing on key imports such as oil and advanced machinery through ongoing trade discussions with the US, noting that negotiations aim to reduce both tariff and non-tariff barriers without discrimination.

1 min  |

August 02, 2025
Daily FT

Daily FT

Sri Lanka eyes stronger US trade ties

Tariff cut brings Sri Lankan exports on par with Bangladesh and Vietnam, especially in apparel

2 min  |

August 02, 2025

Daily FT

Private sector welcomes progress in US tariff talks

FIVE major industry bodies, The Ceylon Chamber of Commerce, the Joint Apparel Association Forum (JAAF), the Exporters Association of Sri Lanka (EASL), the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and the Colombo Rubber Traders' Association (CRTA) have welcomed the drop in US tariffs on Sri Lankan goods from 30% to 20%.

6 min  |

August 02, 2025

Daily FT

Provincial Rugby Unions condemn unlawful attempt to amend Sri Lanka Rugby Constitution

THE Provincial Rugby Football Unions yesterday in a statement expressed their grave concern and total rejection of the ongoing attempt to amend the Constitution of Sri Lanka Rugby (SLR) through an illegal and unconstitutional process orchestrated by the so-called “Working Task Force” (WTF) appointed by the Ministry of Sports.

1 min  |

August 02, 2025
Daily FT

Daily FT

Three years after Aragalaya: bring on the next revolution

I wouldn't punch 119 quite yet. Or seek to frogmarch me to the local constabulary’s complaints desk. This piece is not about armed revolt or aggressive rebellion. The thought I'd leave with you today is rather one of peaceful easy feelings prompted by some quiet introspection.

5 min  |

August 02, 2025
Daily FT

Daily FT

Intex Sri Lanka 2025 showcases South Asian textile and apparel industry

SOUTH Asia's annual textiles sourcing show, Intex Sri Lanka 2025, will be held from 6-8 August in Colombo.

2 min  |

August 02, 2025

Daily FT

US Dollar shows signs of stabilisation on easing policy uncertainty: Fitch

THE US Dollar has shown early signs of stabilisation against other currencies in the past few weeks, as US policy uncertainty has eased from record highs, Fitch Ratings says in its latest FX Market Monitor.

1 min  |

August 02, 2025
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