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Daily FT

Serendib Land appoints Premarajah Pranavan and Senthilverl Senthi Aathavan to Board

SERENDIB Land PLC has appointed Premarajah Pranavan and Senthilverl Senthi Aathavan to its Board as Independent Non-Executive and Non-Independent Non-Executive Directors respectively.

1 min  |

May 22, 2026
Daily FT

Daily FT

Ensuring best interests of abused child must remain top priority

THE ongoing case involving the alleged sexual abuse of a child has caused significant public concern across Sri Lanka.

2 min  |

May 22, 2026

Daily FT

US-based investor Sandhya Ajjarapu takes ownership of Kandy Royals

LANKA PREMIER LEAGUE SEASON 6

1 min  |

May 22, 2026

Daily FT

War of the Alphas

DIALOG SCHOOLS RUGBY LEAGUE 2026: WEEK 5 TACTICAL FORECAST

5 min  |

May 22, 2026

Daily FT

Oil edge higher, global stocks mixed

OIL prices edged higher Thursday after a sharp sell-off in the previous session, while Japanese and South Korean stocks rallied after US chipmaker Nvidia beat forecasts in its latest earnings report.

1 min  |

May 22, 2026

Daily FT

Sri Lanka ‘A’ stun New Zealand ‘A’ in first unofficial WT20I

THE much stronger and experienced New Zealand ‘A’ Women were stunned by the youthful Sri Lanka ‘A’ Women side when they were beaten by three wickets in the first unofficial WT20I played at the Rangiri Dambulla Cricket Stadium yesterday.

2 min  |

May 22, 2026
Daily FT

Daily FT

A milestone moment for energy transition in Sri Lanka

First commercial-grade Battery Energy Storage System unloads at Colombo Port

1 min  |

May 22, 2026
Daily FT

Daily FT

The Free Palestine Movement of Sri Lanka calls for safe release of Sameera

THE Free Palestine Movement of Sri Lanka gathered on 19 May at 3.30 p.m. in front of the Ministry of Foreign Affairs to urge the Sri Lankan government to ensure the safe release of Sri Lankan activist Sameera Mahboobdeen.

2 min  |

May 22, 2026

Daily FT

Prime Minister delivers lecture at University of Oxford

PRIME Minister Dr. Harini Amarasuriya attended the 2026 Oxford School of Global and Area Studies (OSGA) Annual Lecture held at the University of Oxford on 19 May, where she delivered a lecture titled ‘The Politics of Development: Sri Lanka and Beyond.’

2 min  |

May 22, 2026
Daily FT

Daily FT

Arsenal crowned Premier League champions after Manchester City draw

ARSENAL are Premier League champions for the first time since Arsene Wenger’s Invincibles in 2004 after Manchester City drew 1-1 at Bournemouth.

2 min  |

May 22, 2026

Daily FT

Is the NPP Government constrained by talent/ experience deficit?

OVER the last few weeks, the media has been abuzz with speculation over the NPP Government’s reported attempts to bring talented/experienced politicians from Opposition parties to strengthen the political administration in view of the apparent lack of experience in the Government ranks.

2 min  |

May 22, 2026
Daily FT

Daily FT

The federalist fantasy: Tamil political tragedy, Lankan political history

ANOTHER ‘great’ is gone. DBS Jeyaraj, the outstanding, strongly independent-minded journalist whose work was referred to by Mervyn de Silva as “indispensable reading” has died at 72.

10 min  |

May 21, 2026
Daily FT

Daily FT

CBSL Chief defends exchange rate policy, pushes back on debt stock criticism

Says flexible exchange rate regime remains critical to external stability and reserve rebuilding; Debate at recent COPF hearing revives long-running policy tensions over currency management and competitiveness

3 min  |

May 21, 2026

Daily FT

Govt. to introduce inbound labour migration policy amid rising demand for foreign workers

THE Cabinet of Ministers earlier this week approved plans to formulate the country's first dedicated inbound labour migration policy, marking a significant shift in labour market strategy as businesses increasingly seek access to foreign skilled and semi-skilled workers.

1 min  |

May 21, 2026

Daily FT

Ambeon Group reports impressive FY2025/26 performance with PAT surpassing Rs. 3.2 b

Exceptional earnings performance driven by a robust investment strategy, diversification, and a resilient portfolio; Reinforcing sustained value creation momentum through disciplined execution and a diversified growth platforma

3 min  |

May 21, 2026
Daily FT

Daily FT

NCE cautions continued Rupee depreciation will cause long-term negative impact

Highlights that there is no real term benefit of Rupee depreciation for exporters due to dependency on imported inputs. For those in high-value manufacturing, the immediate priority is stabilising the cost of production against currency volatility

4 min  |

May 21, 2026

Daily FT

Sri Lanka one of the best countries for families to move in 2026

Ranks fourth out of 82 countries in a new global study

2 min  |

May 21, 2026
Daily FT

Daily FT

April tea export volumes, earnings fall amid Mideast shipping disruptions

Export volumes decline 1.6% YoY to 17.9 Mn/Kg in April; Jan.-April exports down 4% YoY to 78.3 Mn/Kg; First four months' earnings fall 6% YoY to $ 451 m; FOB value per kilo declines to $5.76 from $ 5.88; Iraq remains top importer with 10.2 Mn/Kg, followed by Türkiye and Russia

2 min  |

May 21, 2026
Daily FT

Daily FT

Beyond the Exchange Rate: Import dependency hurts exporters

SRI Lankan exporters are increasingly sounding the alarm that the recent sharp depreciation of the rupee, rather than delivering the usual boost to export competitiveness, is instead placing them under mounting financial strain.

8 min  |

May 21, 2026
Daily FT

Daily FT

Prime Melwa formally starts Asia's Global Marina Front Masterpiece

Significant milestone in development of one of the region's most prestigious waterfront residential destinations; Designed by internationally renowned architectural firm P&T Singapore; Invites discerning buyers and investors to secure residences

2 min  |

May 21, 2026
Daily FT

Daily FT

From insularity to integration: Sri Lanka’s regional future

SRI Lanka stands today at a defining strategic crossroads. An island nation in South Asia alongside the Maldives, it possesses a civilisational heritage spanning over 2,500 years.

6 min  |

May 21, 2026
Daily FT

Daily FT

When welfare outruns growth: Lessons from Sri Lanka and Kerala

Sri Lanka and Kerala show that human development can be achieved before high income. But welfare systems become vulnerable when productivity, exports, investment, and fiscal capacity fail to keep pace

5 min  |

May 21, 2026
Daily FT

Daily FT

President reassures nation amid currency pressure

Makes first public comments since recent rupee depreciation and renewed dollar pressure; Govt. engages IMF on managing Middle East-driven external shocks under EFF program; Says Sri Lanka facing renewed currency pressure amid stronger US dollar and rising fuel import bill; Notes tourist arrivals, exports and workers' remittances showing signs of weakening; Asks citizens to reduce fuel and import consumption as difficult period persists; Urges public restraint and collective action to contain short-term pressures

4 min  |

May 21, 2026

Daily FT

Sri Lanka tourist arrivals top 950,000 despite slowing May momentum

YTD visitors decline by 1% YoY to 951,742; Arrivals during first 17 days of May drop 1% YoY to 75,465; India remains largest source market with over 20% share, followed by UK and Russia

1 min  |

May 21, 2026
Daily FT

Daily FT

Rupee movement reflects global pressures, not economic weakness: JAAF

Asserts rupee devaluation strengthens export competitiveness

2 min  |

May 21, 2026

Daily FT

Dialog proposes Long-Term Incentive Plan covering up to 2% of issued shares

Up to 184 million shares may be issued to eligible employees across Dialog Group; Share issue price to be linked to 30-day volume weighted average market price; Scheme intended to attract, retain and reward high-performing employees

1 min  |

May 21, 2026

Daily FT

Rupee continues to weaken

THE Sri Lankan rupee weakened further yesterday against the US dollar, with commercial bank telegraphic transfer (TT) rates and spot market contracts extending losses amid continued pressure in the foreign exchange market.

1 min  |

May 21, 2026

Daily FT

Sri Lanka welcomes new era of festival tourism as SLTDA and SLTPB endorse 'ONE LOVE' Reggae Festival 2026

SRI Lanka is preparing to make history in the global tourism and events landscape as the internationally anticipated 'ONE LOVE' Reggae Festival 2026 receives the endorsement and support of the Sri Lanka Tourism Development Authority (SLTDA) and the Sri Lanka Tourism Promotion Bureau (SLTPB).

3 min  |

May 21, 2026
Daily FT

Daily FT

We've got the tempo says NZ ‘A’ Captain Watkins

NEW Zealand ‘A’ having got the measure of Sri Lanka ‘A’ in the third and final unofficial WODI will be looking to extend that win into the three-match unofficial women’s T20 series starting at the Rangiri Dambulla Cricket Stadium today.

1 min  |

May 21, 2026

Daily FT

CSE ends down sharply as currency depreciation weighs on sentiment

THE Colombo stock market fell sharply yesterday to close in the red on concerns over the depreciating currency due to global supply shock headwinds from the Middle East war.

1 min  |

May 21, 2026