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Daily FT

Daily FT

Colombo stock market ends week with 3.2% gain

THE Colombo stock market yesterday ended with losses taking a complete U-turn after two consecutive sharp gains, though ending the week on the up.

2 min  |

June 07, 2025
Daily FT

Daily FT

Foreign Employment Agencies warn of sharp decline, urge Government to intervene

THE Association of Licensed Foreign Employment Agencies has warned of a major decline in Sri Lanka’s foreign employment sector, attributing it to what they claim is a deliberate campaign aimed at eroding public trust in both recruitment agencies and Sri Lanka Bureau of Foreign Employment (SLBFE).

1 min  |

June 07, 2025

Daily FT

NIRDC launches transparent evaluation framework to boost commercialisation of R&D in Sri Lanka

MARKING a pivotal step in transforming the country's innovation landscape, the National Initiative for the Commercialisation of Research and Development (NIRDC) has commenced the establishment of technical review committees to evaluate R&D proposals submitted under a newly approved Cabinet framework.

1 min  |

June 07, 2025
Daily FT

Daily FT

Hilton Hotels in Sri Lanka launch new exclusive offers for weddings

HILTON Hotels in Sri Lanka have launched 'Forever Starts Here,' a limited-time campaign designed to help couples plan their make dream weddings with exclusive packaged and elevated experiences.

3 min  |

June 07, 2025

Daily FT

Ceylon Masters International Badminton 2025 begins in grand style

THE much-anticipated Ceylon Masters International Badminton Championship 2025, where over 350 international shuttlers from leading badminton-playing countries including Sri Lanka, was inaugurated on Friday, 6 June at the St. Joseph’s College Indoor Complex at Darley Road in Colombo.

1 min  |

June 07, 2025
Daily FT

Daily FT

Reviving authentic sustainability of indigenous Sri Lankan clay housing

DAILY mockery is indulged in, somewhere upon planet earth at any given point of time, through theoretical rhetoric by political leaders, academics and others on protection and conservation of the environment. Repetitive bombastic statements that are often never followed up in action, are especially amplified on 5 June, the date modern man has designated as his day to wake up to the abyss that he has dumped the environment in (being quite happy to descend back again into his nightmarish developed stupor the morning after).

10 min  |

June 07, 2025
Daily FT

Daily FT

Global appeal of Geoffrey Bawa's furniture designs

After a successful showing at Milan Design Week, pieces from the Geoffrey Bawa Collection are now available for purchase

2 min  |

June 07, 2025

Daily FT

Take cue from India CJ on post-retirement jobs of judges

THE newly appointed Chief Justice of India B.R. Gavai this week spoke on the concerns over post-retirement jobs taken by the judges and publicly pledged, along with his colleagues in the Indian Supreme Court, not to accept any post-retirement roles or positions from the Government.

2 min  |

June 07, 2025
Daily FT

Daily FT

MP Shanakiyan presents private member's Bill to resolve controversy in PC Elections Act

PARLIAMENTARIAN Shanakiyan Rajaputhiran Rasamanickam has presented a private member’s Bill to amend the Provincial Councils Elections Act, No. 2 of 1988 to hold Provincial Council elections.

1 min  |

June 07, 2025
Daily FT

Daily FT

Ambassador Jayasuriya presents credentials to UN Secretary-General Guterres

AMBASSADOR Jayantha Jayasuriya presented his Letters of Credence as the Permanent Representative of Sri Lanka to the United Nations, to the Secretary-General of the United Nations António Guterres on 05 June 2025 at a solemn ceremony held at the United Nations Headquarters in New York.

1 min  |

June 07, 2025

Daily FT

Nugegoda SWC keep quarter-final hopes alive with exciting one-run win

GIANT killers Nugegoda SWC put themselves in line for a place in the quarter-finals when they completed their Group B fixtures with another creditable win beating leaders Colts by one run in a thrilling finish to their SLC Major Clubs T20 game played at the CCC grounds yesterday.

3 min  |

June 07, 2025

Daily FT

New book highlights late Dr. Lal Jayawardena as one of six pioneers of development economics

■ A newly published and widely acclaimed book

2 min  |

June 07, 2025
Daily FT

Daily FT

Pipe dreams while at sea

A nation choking with obscure concepts, possessing only mediocre skills and manifestly incapable of redemption, we drift from crisis to crisis

5 min  |

June 07, 2025

Daily FT

Govt. warns salt importers against price hike amid market shortage

TRADE, Commerce, Food Security and Cooperative Development issued a stern warning in Parliament yesterday, assuring that the Government will intervene if importers and traders are found to be profiteering from the sake of imported salt during the current shortage.

1 min  |

June 07, 2025
Daily FT

Daily FT

CA Sri Lanka Canada Chapter leads drive to boost trade and professional ties

THE Canada Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is spearheading initiatives to forge stronger international partnerships, enhance global mobility for its members, and facilitate trade, investment, and professional collaboration between Canada and Sri Lanka.

2 min  |

June 07, 2025
Daily FT

Daily FT

Underestimated climate threat: Black carbon as a super pollutant

REDUCING greenhouse gas (GHG) emissions and limiting global temperature increase to 1.5°C or at least well below 2°C above pre-industrial levels is at the heart of the Paris Agreement. However, while carbon dioxide (CO2) is the major cause of global warming and has been a centrepiece of global discussions, there is a group of so-called super pollutants that are often overlooked when it comes to climate action. Not only are these super pollutants responsible for around 45% of global warming to date, but they also present a serious health hazard and are estimated to cause millions of premature deaths every year. Due to their short-lived nature, addressing super pollutants presents an opportunity for rapid impact while also yielding strong co-benefits for public health and clean air.

3 min  |

June 07, 2025

Daily FT

Accelerate rural road development under 2025 Budget: President

PRESIDENT Anura Kumara Disanayake yesterday underscored the urgent need to accelerate rural road development initiatives, directing officials to prioritise their timely completion as part of the broader national infrastructure agenda.

1 min  |

June 07, 2025
Daily FT

Daily FT

Former Minister Mervyn Silva indicted over Rs. 800 m in unexplained assets

THE Colombo High Court yesterday indicted former Minister Mervyn Silva on serious corruption charges, following an investigation by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

1 min  |

June 07, 2025

Daily FT

Asian Geopolitical Strategic Affairs Council to be established

Initiative by several experts to enhance democratic values via promotion of ethical governance and media practices

2 min  |

June 07, 2025

Daily FT

Trinity through courtesy second half rally

TRINITY College produced a fantastic second-half rally to register a commanding 49/15 win over Kandy Sumangala College at the Pallekelle Rugby Stadium yesterday.

1 min  |

June 07, 2025
Daily FT

Daily FT

Pelican Island presents jazz festival made to mix at Galle Face Hotel

Where rhythm meets refreshment in a celebration of sound, spirits, and soul

1 min  |

June 07, 2025

Daily FT

Proposal to establish Parliamentary Caucus on Arts and Cultural Affairs handed over to Speaker

A proposal to establish a Parliamentary Caucus on Arts and Cultural Affairs in the 10th Parliament was submitted to the Speaker of the House Dr. Jagath Wickramaratne at the Parliament premises on Wednesday.

1 min  |

June 07, 2025
Daily FT

Daily FT

Ex-Minister Chandrani Bandara indicted before High Court on charges of corruption

THE Colombo High Court yesterday indicted former Minister Chandrani Bandara on charges of corruption.

1 min  |

June 07, 2025
Daily FT

Daily FT

HNB Investment Bank powers Alpha Fire Services' journey from historic CSE listing to sale of controlling interest

HNB Investment Bank yesterday recounted its facilitation of Alpha Fire Services' (AFS) journey from historic listing three years ago to the sale of controlling interests this week.

2 min  |

June 06, 2025
Daily FT

Daily FT

Colombo stock market sustains all-time high level

THE Colombo stock market sustained its all-time high level yesterday amidst healthy turnover fuelled by bullish investor sentiment.

2 min  |

June 06, 2025

Daily FT

Sugar importers warn against tax hike, say consumers will pay the price

SUGAR importers have urged President and Finance Minister Anura Kumara Disanayake not to increase the existing sugar import tax, warning that it would lead to a steep rise in prices and cause serious disruptions in the market.

1 min  |

June 06, 2025
Daily FT

Daily FT

Airport-Colombo Fort luxury bus service resumes

IN a significant move to enhance transport convenience for air travellers and the airport users, the Route 187 Airport-Colombo Fort air-conditioned bus service has been resumed, providing a comfortable, direct connection between Bandaranaike International Airport (BIA) and Colombo Fort.

1 min  |

June 06, 2025

Daily FT

Antonians face DS at Nittawela in Alles Trophy face-off as Schools Rugby League 2025 kicks off today

THE Dialog Schools Rugby League 2025 will kick off in style with the much awaited Alles Trophy encounter between St. Anthony’s College and D. S. Senanayake College which is scheduled for today (6 June) at the Nittawela Rugby Stadium, promising an intense battle to open the season.

2 min  |

June 06, 2025
Daily FT

Daily FT

SLBFE faces COPE scrutiny over Rs. 1 b in unauthorised spending, financial mismanagement

THE Sri Lanka Bureau of Foreign Employment (SLBFE) came under intense scrutiny after the Committee on Public Enterprises (COPE) revealed it had spent over Rs. 1.3 billion on programs not included in its 2024 annual action plan, raising serious questions about governance, accountability, and financial discipline within the institution.

2 min  |

June 06, 2025

Daily FT

Secondary bond market yields close broadly steady

THE secondary bond market yesterday initially, saw yields continue to edge down on the back of concentrated buying interest on shorter tenor securities, specifically 2027-2029 maturities. However, slight profit taking pressure emerged which led to a reversal and as such secondary market two-way quotes closed the day broadly steady. Market activity and transaction volumes were seen at healthy levels during the earlier part of the day which tapered off and moderated towards the close of trading hours.

1 min  |

June 06, 2025