Denemek ALTIN - Özgür

Official vs. private: Where does one draw the line?

Daily FT

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August 30, 2025

THE case against former President Ranil Wickremesinghe has resulted in a debate over what constitutes official and private undertakings by an elected official, particularly when he/she happens to be executive president of the country.

The case against Wickremesinghe is that he used a sum amounting to Rs. 16 million of State funds during a transit stop in London en route from New York during which he attended a ceremony at a British university where his wife Maithree was being awarded a professorship.

At the weekly Cabinet press briefing on Tuesday, which was attended by Foreign Minister Vijitha Herath as the regular Cabinet spokesman Minister Nalinda Jayatissa is overseas, he was asked for a response to allegations that President Anura Kumara Disanayake visited his mother using his official vehicle after being elected to office and if this didn’t constitute the use of State resources for private purposes.

Travelling to a place within the country for personal needs cannot be compared with overseas visits by reserving seats on a flight, he said, defending the President's visit.

So the logic is that you can use State resources for private purposes while in Sri Lanka but not when you travel overseas.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Govt. missing the wood for trees

CABINET Spokesman Minister Dr. Nalinda Jayatissa announced this week that the Government plans to lease 24 bungalows and official residences formerly used by Government Ministers to private investors and international organisations.

time to read

2 mins

January 08, 2026

Daily FT

Daily FT

Sri Lankan-born Ray Jayawardhana appointed Caltech's 10th President

DR. Ray Jayawardhana, an accomplished academic leader and renowned astrophysicist who currently serves as provost of Johns Hopkins University, has been named Caltech's next President, the tenth in the Institute's 105-year history.

time to read

3 mins

January 08, 2026

Daily FT

Daily FT

Jetwing Saman Villas wins "Best International Hotel for Weddings" at Travel+Leisure India's Best Awards 2025

JETWING Saman Villas, part of Jetwing Luxury Reserves, has been awarded “Best International Hotel for Weddings” at the 14th edition of Travel+Leisure India and South Asia's Best Awards, held last month in New Delhi.

time to read

1 mins

January 08, 2026

Daily FT

27TH PRESIDENTIAL EXPORT AWARDS PRESENTED TO SRI LANKAN EXPORTERS IN RECOGNITION OF THEIR EXCEPTIONAL CONTRIBUTIONS TO THE EXPORT SECTOR

The Sri Lanka Export Development Board (EDB) successfully concluded the 27th Presidential Export Awards (PEA) Ceremony on Thursday, December 11, 2025, at the Bandaranaike Memorial International Conference Hall (BMICH), under the patronage of Hon.

time to read

2 mins

January 08, 2026

Daily FT

Daily FT

Message from the Chairman of the Sri Lanka Export Development Board

As we concluded 2025, it is with immense pride that we reflect on the historic achievements of Sri Lanka's export community celebrated at the 27th Presidential Export Awards Ceremony held on December 11, 2025, at the Bandaranaike Memorial International Conference Hall (BMICH).

time to read

1 mins

January 08, 2026

Daily FT

Daily FT

LB Finance recognised at ICSDB 2025 for excellence in sustainability and digital innovation

LB Finance PLC earned distinguished recognition at the 4th International Conference on Sustainable and Digital Business 2025 (ICSDB 2025), organised by the SLIIT Business School on 11 and 12 December 2025 at Waters Edge.

time to read

1 min

January 08, 2026

Daily FT

Daily FT

Stock market suffers worst humiliation in 130-year history

Trades and orders up to first 24 minutes cancelled after questionable maiden transactions of newly listed Wealth Trust Securities shares

time to read

4 mins

January 08, 2026

Daily FT

Weekly T-Bill auction averages rise for 3rd straight week; Rs. 100 b auction fully subscribed

Secondary Bond market yields drop further; market remains active

time to read

2 mins

January 08, 2026

Daily FT

Daily FT

British Sri Lankan Muslim Organisations donate £ 25,000 to rebuilding and disaster recovery efforts

BRITISH Sri Lankan Muslim organisations came together to express their solidarity and commitment to help their motherland and handed over a collective donation of £25,000 (Rs 10.5 Million) towards Sri Lankan Government’s National Rebuilding and Disaster Recovery Initiative, efforts following the severe impact of Cyclone DITWA, Flooding and Landslide.

time to read

2 mins

January 08, 2026

Daily FT

Sri Lanka signs € 188 m debt restructuring deal with Germany

THE Finance Ministry yesterday said it has signed a bilateral agreement with the Federal Republic of Germany to restructure external debt amounting to 188 million, marking a further milestone in Sri Lanka's ongoing debt restructuring process.

time to read

1 min

January 08, 2026

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