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Newspaper

Daily FT

Cabinet approves Rs. 110 m expansion of drug rehabilitation centre for youth in Peradeniya

THE Cabinet of Ministers on Monday approved constructing a new residential facility at the narcotic drug treatment centre in Handessa, Peradeniya.

1 min  |

June 13, 2025

Daily FT

Bangladesh Test team arrives

THE Bangladesh cricket team for the two-Test series arrived yesterday.

1 min  |

June 13, 2025

Daily FT

Securing the legacy: Why planning and governance matter for family businesses

Useful global and local insights at SLID-SEC-CSE forum on 17 June

2 min  |

June 13, 2025

Daily FT

World no.2 ranked Anders to play exhibition match against Viren at MBA Courts today

AN exhibition badminton match between Sri Lanka's youngest Olympian shuttler Viren Nettasinghe, and Anders Antonsen, the World no.2 ranked in Men's Singles, will take place today at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7.

1 min  |

June 13, 2025

Daily FT

Union Assurance first life insurer in Sri Lanka to achieve ISO 27001:2022 certification

UNION Assurance, has achieved a landmark milestone by becoming the first Life Insurance Company to be certified under the ISO/IEC 27001:2022 standard, redefining information security benchmarks across the industry.

2 min  |

June 13, 2025
Daily FT

Daily FT

LOLC Al-Falaah Wadi'ah Gold Storage Facility hits Rs. 3 b milestone

LOLC Al-Falaah, the Alternate Financial Services unit of LOLC Finance PLC, yesterday announced its 'Wadi'ah Gold Storage Facility' has achieved a remarkable milestone by surpassing a benevolent cash-advance portfolio exceeding Rs. 3 billion.

2 min  |

June 13, 2025

Daily FT

India extends financial assistance for Nagapattinam-Kankesanthurai passenger ferry service for another year

THE Government of India has decided to further extend the financial assistance for another year to support the ongoing passenger ferry service between Nagapattinam and Kankesanthurai. This extension is in line with India’s continued commitment to enhancing regional connectivity and strengthening people-to-people linkages between the two nations.

1 min  |

June 13, 2025

Daily FT

Two COVID-related deaths reported in SL

■Health authorities say no alarming situation but need to take proper health precautions

1 min  |

June 13, 2025
Daily FT

Daily FT

Nadeesha wins four gold medals as Sri Lankan shuttlers bag rich haul at Ceylon Masters Championship

HOME sensation Nadeesha Gayanthi clinched four gold medals as Sri Lankan shuttlers bagged major honours at the Ceylon Masters International Badminton Championship 2025, concluded at the St. Joseph’s College Indoor Courts in Colombo on Monday.

1 min  |

June 13, 2025
Daily FT

Daily FT

Upsets feature SLC Major Clubs T20 quarter-finals

Last year's finalist Bloomfield, Colts beaten

1 min  |

June 13, 2025
Daily FT

Daily FT

Nations Trust Bank strengthens regional business ties with digital-focused fellowship in the North

NATIONS Trust Bank PLC recently hosted an exclusive forum for customers in the Northern region, offering in-depth insights into developing local businesses through digital innovations.

1 min  |

June 13, 2025
Daily FT

Daily FT

Lasitha Wimalaratne appointed Executive Director/CEO at HNB Assurance

LASITHA Wimalaratne has been appointed as an Executive Director/Chief Executive Officer of HNB Assurance PLC (HNBA).

1 min  |

June 13, 2025

Daily FT

SriLankan Airlines' sudden publicity blitz amidst numerous complications

EARLY this month, the islanders were treated to a feel-good cheer when the national carrier SriLankan Airlines (SLA) newly added Airbus A330-200 aircraft performed a rare, low-altitude flyover from Colombo Port City to Panadura, providing the masses a clear view of the newest addition to the state-owned carrier's fleet.

2 min  |

June 13, 2025
Daily FT

Daily FT

People's Bank triumphs at AICPA & CIMA - JXG Pinnacle Awards 2025

IN a resounding affirmation of its industry leadership and commitment to excellence, People's Bank secured multiple prestigious awards at the AICPA & CIMA - JXG Pinnacle Awards 2025, held on 11 June at Cinnamon Life, Colombo. The glittering ceremony, which marked the revival of one of Sri Lanka's most revered corporate recognitions after an 18-year hiatus, brought together leaders from across the public and private sectors to celebrate innovation, resilience, and outstanding performance across eight key categories.

2 min  |

June 13, 2025
Daily FT

Daily FT

Priority trade and competitiveness reforms for Sri Lanka – Part 3

A recent Policy Note published by the Centre for a Smart Future (CSF) outlined eight priority trade and competitiveness reforms for Sri Lanka, in responding to global economic challenges. In previous articles (16 May and 29 May), we recapped key messages from Priority Areas 1, 2, 4, 5 and 6 contained in the Policy Note. In this third and final article in the series, we cover Priority Area 7 - 'Advancing Commercial Diplomacy'.

4 min  |

June 13, 2025

Daily FT

Dialog Awards 2024 celebrates excellence and innovation in partnership with MTI

DIALOG Axiata recently marked the 13th year of the Dialog Awards, in collaboration with MTI Consulting as its independent judging partner, recognising outstanding contributions toward advancing innovative technology solutions.

1 min  |

June 13, 2025
Daily FT

Daily FT

Delmege and Shell Lubricants celebrate landmark partnership

DELMEGE, one of Sri Lanka’s most trusted and diversified conglomerates, hosted an event on 11 June 2025 at the Shangri-La Hotel, Colombo, to mark a significant milestone in its partnership with globally renowned energy brand Shell.

1 min  |

June 13, 2025
Daily FT

Daily FT

As Prof. Arjuna De Silva turns 60

I first met Professor Arjuna De Silva as his patient. I was immediately impressed by this consultant physician, especially by his considerable knowledge, remarkable efficiency and commitment. I also remember thinking that he was a bit arrogant, even bordering on the rude. He was just being matter-of-fact, strictly focused on diagnosis, prognosis and prescription. In the 25 years that have passed since then, I have had ample reason to conclude that behind the confident and sometimes stern exterior that I first encountered, there was a sensitive, intelligent, and scrupulously honest friend just waiting to be discovered.

2 min  |

June 13, 2025

Daily FT

Cabinet approves resumption of land acquisition for Central Expressway Phase IV

THE Cabinet of Ministers on Monday approved the resumption of land acquisition activities for Phase IV of the Central Expressway construction covering the Kurunegala to Dambulla section.

1 min  |

June 12, 2025

Daily FT

ASPI's YTD return tops 10% mark as CSE sustains upward march

THE Colombo stock market yesterday sustained its upward march with healthy turnover powered by optimistic investors.

2 min  |

June 12, 2025

Daily FT

World Bank cuts 2025 growth forecasts for 70% of economies

HEIGHTENED trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank's latest Global Economic Prospects report.

2 min  |

June 12, 2025
Daily FT

Daily FT

President meets German counterpart in Berlin

PRESIDENT Anura Kumara Disanayake, who is currently on an official visit to the Federal Republic of Germany, was warmly received yesterday by German President Frank-Walter Steinmeier.

1 min  |

June 12, 2025
Daily FT

Daily FT

Will Protea seamers exploit bowling conditions at Lord's against Kangaroos in WTC Final?

AS we gear up for the much-anticipated World Test Championship (WTC) Final at Lord’s, the spotlight is on whether South Africa’s seam attack can exploit the conditions at the historic venue against a seasoned Australian side.

2 min  |

June 12, 2025

Daily FT

Hela Apparel divests two subsidiaries for Rs. 2.7 b as part of ongoing restructuring

Forms broader strategic partnership with Singapore-based Q Collection for plants in Narammala and Mawathagama

2 min  |

June 12, 2025
Daily FT

Daily FT

Strengthening cross-border finance from regulation to innovation

International Financial Services Centres Authority (IFSCA) Executive Director Pradeep Ramakrishnan, brings over 27 years of regulatory and corporate experience to his current role, where he oversees critical areas including capital markets, sustainable finance, commodities and market infrastructure.

10+ min  |

June 12, 2025

Daily FT

Rs. 100 m allocation for key industrial and entrepreneurial initiatives

THE Cabinet of Ministers at their meeting on Monday approved allocating Rs.100 million for a series of key initiatives aimed at boosting industrial and entrepreneurial projects.

1 min  |

June 12, 2025
Daily FT

Daily FT

Light up 15% costlier electricity from today

PUCSL Chairman Prof. K.P.L. Chandralal describes decision as \"decisive and sensitive\" Cites decision is fair considering all stakeholders involved Affirms tariff stability remains top priority, Commission considering updates to current pricing methodology Says despite hike, electricity bills remain 8% lower in 2025 compared to 2024 due to prior reductions Household monthly bills will rise by Rs. 240 for 90 units, Rs. 360 for 120 units, Rs. 600 for 160 units, Rs. 840 for 180 units and Rs. 2,029 for electricity usage above 300 units Religious and charitable institutions with usage under 90 units remain unaffected Industrial, hotel and general-purpose sectors face average hike of 14-15% State institutions see average 16% rise in electricity bills PUCSL Director General Damitha Kumarasinghe says electricity tariffs only risen 30% since 2014, remaining among least inflated services

2 min  |

June 12, 2025

Daily FT

Saracens SC, Unichela SC qualify for Governor's Trophy final

SARACENS SC and Unichela SC won their rain-affected semi-finals against Kandukara CC and Old Dharmapalians SC respectively to qualify for the final of the Governor's Trophy.

1 min  |

June 12, 2025

Daily FT

Union Bank hits the road with Ranvisadum pawning services

UNION Bank has unveiled its new propaganda vehicle for pawning as part of its island-wide pawning campaign for “Ranvisadum”.

1 min  |

June 12, 2025

Daily FT

Huawei's new Single SitePower solution creates four synergies to accelerate site intelligence

DURING the ninth Global ICT Energy Efficiency Summit in Dubai, Huawei showcased its next-generation digital and intelligent site power facility solution Single SitePower, which is set to drive the intelligent transformation of ICT energy infrastructure.

1 min  |

June 12, 2025