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President formalises, expands Navy oversight of foreign maritime security services

Daily FT

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September 24, 2025

DEFENCE Minister and President Anura Kumara Disanayake has directed the Sri Lanka Navy to take charge of providing operational and administrative support for foreign private security companies engaged in protecting merchant vessels.

Inalletter to the Speaker of Parliament dated 20 September 2025, the President said the order was issued under Section 21 of the Navy Act (Chapter 358), citing national interest.

The directive authorises the Navy to main-taina maritime security operation project, covering services and facilities for foreign private maritime security providers. The Navy will also be responsible for storing firearms, ammunition and other equipment belonging to such companies in its armouries, and for transporting the weapons and equipment as required.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

UN warns "world is not prepared” for escalating climate disasters

THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Sajith launches Disaster Information Centre

Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level

time to read

1 min

December 12, 2025

Daily FT

Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed

Subscription list closes on opening day as investors grab initial offer and option

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1 min

December 12, 2025

Daily FT

Daily FT

US Fed delivers third rate cut of the year

THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.

time to read

1 min

December 12, 2025

Daily FT

Positive momentum in primary auctions continue

Secondary Bond market rates decrease Rupee depreciates

time to read

1 mins

December 12, 2025

Daily FT

ADB grants $ 200 m loan for water, food security in North Central Province

THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

Banking assets up 16% YoY to Rs. 24.5 t in 9M

THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.

time to read

1 min

December 12, 2025

Daily FT

Daily FT

Cabinet green lights procuring range of vehicles and equipment to boost primary health care system

THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.

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1 mins

December 12, 2025

Daily FT

Daily FT

Cabraal discharged on condition he compensates Central Bank in three months

Lawyer argues his client had no intention of causing financial loss to GoSL

time to read

2 mins

December 12, 2025

Daily FT

Daily FT

New 3% concessionary loan scheme to support 130,000 MSMEs from next year

IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.

time to read

1 min

December 12, 2025

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