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CBSL, Gem Authority direct dealers to appoint compliance officers

Daily FT

October 22, 2025

THE Central Bank of Sri Lanka (CBSL) and the National Gem and Jewellery Authority (NGJA) have called on gem dealers to appoint compliance officers to help curb money laundering in the sector.

Under the country's Anti-Money Laundering (AML) laws, all gem and jewellery dealers are legally required to designate a compliance off

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Daily FT

Tea export earnings continue to rise

SRI Lanka Customs data analysed by Siyaka Research confirms that the country earned $ 1.16 billion from tea exports for the period January to September 2025. Almost 10% more than last year’s figure of $ 1.06 billion for the comparable period.

1 min

October 22, 2025

Daily FT

"Around the World in Magnets – Sri Lanka": Journey that captures island’s soul, one magnet at a time

TRAVEL meets art in a celebration of stories, culture, and craftsmanship with the launch of “Around the World in Magnets - Sri Lanka,” a groundbreaking travelogue by Dr. Anthony Vipin Das and Vidushi Duggal, published by Sarasavi Publishers.

2 mins

October 22, 2025

Daily FT

JF Packaging eyes debt-free growth, stronger investor returns post-listing

JF Packaging Ltd. is preparing to enter a new growth phase following its Rs. 600 million Initial Public Offering, with the company aiming to reduce debt, boost profitability, and accelerate investment in innovation and exports.

2 mins

October 22, 2025

Daily FT

HIP strengthens role as regional hub with 151% volume growth

CARGO volumes at Hambantota International Port (HIP) have surged by 151% year-on-year, with throughput reaching 6,028,493 metric tons by September 2025 compared to 2,397,971 metric tons in the same period last year. This was achieved despite operational challenges triggered by lifting the ban on local vehicle imports.

1 min

October 22, 2025

Daily FT

Sri Lankan Kabaddi and Beach Volleyball teams eye medals in Bahrain

SRI Lanka contingent competing at the Asian Youth Games 2025 in Bahrain had plenty to cheer about as both the Men’s Kabaddi and Beach Volleyball teams recorded impressive victories to move closer to medal contention These results have given the Sri Lankan camp renewed confidence as the Games enter their decisive stages.

1 mins

October 22, 2025

Daily FT

Credit card balances up 3.9% YTD Aug. to Rs. 164 b

LATEST data from the Central Bank of Sri Lanka (CBSL) shows that total outstanding balance on credit cards rose to Rs. 164.2 billion in August, up 3.9% from end-2024 and a 1.8% gain from the previous month.

1 min

October 22, 2025

Daily FT

Fixing the tax code: Fairness in, distortions out

KAUTILYA, the chief advisor to Chandragupta Maurya in the 3rd century BC, wrote in his treatise The Arthashastra that taxes should be collected \"just as a bee collects honey from a flower without disturbing its petals.\"

10 mins

October 22, 2025

Daily FT