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Finalissima, F1 races: Middle East conflict disrupts global sports events

Daily FT

March 06, 2026

With tournaments postponed and players stranded away from home, major sporting events have been struck by crisis and chaos

MULTIPLE sports tournaments across the world, especially in the Gulf countries, have been hit by uncertainty at one of the busiest times of the year in the global sports calendar as the ongoing conflict in the Middle East rages on across the region.

When the US and Israel attacked Iran last Saturday and killed its Supreme Leader Ayatollah Ali Khamenei, Tehran responded with missile and drone attacks on Israel and several military bases in the Middle East where US forces operate.

Iranian missiles and drones have repeatedly targeted Doha, Dubai, Abu Dhabi, Manama, and various parts of Saudi Arabia.

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Daily FT

TISL warns superficial amendments fail to meet SC determination in newly passed Microfinance Law

TRANSPARENCY International Sri Lanka (TISL) yesterday expressed serious concern following the passage in Parliament on Wednesday of the Microfinance and Credit Regulatory Authority Bill.

2 mins

March 06, 2026

Daily FT

Insurers settle over 23% of Ditwahrelated claims; payouts reach Rs. 13.3 b

IRCSL says total claims estimated at Rs. 57.2 b Over 82% of claims admitted by insurers; motor insurance accounts for majority of claims filed INSURANCE companies have paid Rs. 13,344.9 million in claims related to Cyclone Ditwah, settling about 23% of the estimated insured losses reported so far, according to data released by the Insurance Regulatory Commission of Sri Lanka (IRCSL).

1 min

March 06, 2026

Daily FT

Hardy buys 7% in Softlogic Finance for Rs. 325 m; company returns to Main Board

YOUNG investor Hardy Jamaldeen has acquired around a 7% stake in Softlogic Finance PLC from parent Softlogic Capital PLC for over Rs. 325 million.

1 mins

March 06, 2026

Daily FT

HNB General Insurance fastest in reaching Rs. 11 b revenue (GWP) within 10 years of operations

HNB General Insurance Ltd., (HNBGI) has announced its financial results for the year ended 31 December 2025, marking a milestone year of accelerated growth, strengthened financial resilience, and sustained business momentum.

2 mins

March 06, 2026

Daily FT

Govt. outlines Rs. 46.7 b oil storage expansion drive amid global supply uncertainty

THE Government has embarked on a major three-year initiative to expand its fuel storage capacity and strengthen petroleum infrastruc-ture, allocating Rs. 46.7 billion between 2025 and 2028 for new oil tanks, pipeline upgrades, and related facilities.

2 mins

March 06, 2026

Daily FT

Govt. beats fiscal expectations in 2025

Posts record Rs. 1.78 t primary surplus in 2025 Overall Budget deficit narrows sharply to Rs. 724.4 b; just 33% of Rs. 2.2 t Budgeted estimate Revenue and grants rise 35.4% YoY to Rs. 5.5 t, exceeding Budget target Recurrent expenditure reaches 88% of Budgeted estimate Capital spending up 26.7% YoY to Rs. 1 t but below Budget allocation

2 mins

March 06, 2026

Daily FT

Ericsson signs agreement with Dialog Axiata to deploy 5G RAN in Sri Lanka

ERICSSON has signed an agreement with Dialog Axiata PLC to deploy its 5G Radio Access Network (RAN) across Sri Lanka.

1 mins

March 06, 2026

Daily FT

Sri Lanka to maintain neutral stance amid Mideast conflict: President

To rescue 208 crew and escort second Iranian vessel to Trinco

1 min

March 06, 2026

Daily FT

Unilever Sri Lanka Chairman Ali Tariq to take on cluster leadership

IN addition to his ongoing role as Chairman and CEO of Unilever Sri Lanka, Unilever has announced Ali Tariq's appointment as Cluster Head for its growth markets in Sri Lanka, Myanmar, Cambodia, and Laos.

1 min

March 06, 2026

Daily FT

Over 275 Lankans killed fighting for Russia in Ukraine war

A report by Himal Southasian has revealed that Ukraine-compiled data show the number of Sri Lankans killed fighting for Russia in the ongoing Russo-Ukraine war is at least 275 - the highest death toll for any South Asian country.

1 min

March 06, 2026