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SL Rugby suspended; five-member working task force appointed

Daily FT

|

May 23, 2025

A Gazette Extraordinary has been issued, suspending the registration of Sri Lanka Rugby (SLR).

- BY SHAMSEER JALEEL

A five-member working task force has been appointed to adopt the constitution of SLR as recommended by the Constitutional Review Group of World Rugby. New office bearers must be elected within 90 days after the registration of the new Constitution.

Minister of Youth Affairs and Sports, Sunil Kumara Gamage, has revoked the appointment of Prof. (Rear Admiral) Shemal Fernando as the Competent Authority, according to a Gazette notification issued today due to legal reasons.

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

Hela Apparel proposes $ 12 m stake transfer in Hela Brands

HELA Apparel Holdings PLC has called an Extraordinary General Meeting (EGM) to seek shareholder approval for the transfer of a majority stake in its overseas subsidiary, Hela Brands Ltd., in a deal valued at $ 12 million.

time to read

1 min

January 21, 2026

Daily FT

Daily FT

Maldives: 52 years of transformation into Asia's wealthiest nation per capita

IN 1971, Italian tour operator Giorgio Corbin arrived in Sri Lanka in search of the small dots he had seen on a world map.

time to read

6 mins

January 21, 2026

Daily FT

Daily FT

Tishan Subasinghe takes the reins as 28th President of CA Sri Lanka

THE Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) yesterday ushered in a new era of leadership with the formal induction of Tishan Subasinghe as its 28th President.

time to read

3 mins

January 21, 2026

Daily FT

Daily FT

Govt. must push reforms with 2026 FDI projected under $ 1 b: SCB

■ Delays in critical reforms lends to moderate FDI showing ■ Tourism mix, trade facilitation and export diversification flagged as priority areas ■ Single trade window, trade treaties and digitisation cited as urgent enablers ■ Finalising PPP law viewed as key to attracting large-scale FDI and infrastructure capital

time to read

3 mins

January 21, 2026

Daily FT

Standard Chartered confident Sri Lanka will see ratings outlook upgrade

Debt-to-GDP expected to fall below 100% by 2027, ahead of IMF projections

time to read

4 mins

January 21, 2026

Daily FT

Private sector minimum wage raised to Rs. 30,000 from Jan

THE minimum monthly wage for private sector employees has been increased by Rs. 3,000 with effect from 1 January, raising the threshold from Rs. 27,000 to Rs. 30,000.

time to read

1 min

January 21, 2026

Daily FT

Mazagon Dock acquires 41.73% stake in Colombo Dockyard for Rs. 6.6 b via Rights allotment

INDIA'S Mazagon Dock Shipbuilders Ltd., has acquired a 41.73% stake in Colombo Dockyard PLC following an allotment of shares arising from the unsubscribed Rights entitlement of Onomichi Dockyard Company Ltd.

time to read

1 min

January 21, 2026

Daily FT

Daily FT

LYNEAR launches corporate consulting practice

Wealth, renowned for its boutique investment management services, will be partnering with Chanakya Dissanayake to launch a dedicated corporate consulting practice.

time to read

1 min

January 21, 2026

Daily FT

Sri Lanka plans gold refinery as high import taxes disrupt formal trade

NATIONAL Gem and Jewellery Authority (NGJA) Chairman and Chief Executive Officer Dr. S.P. Chaminda announced that Sri Lanka is exploring the establishment of a domestic gold refinery to produce fine gold locally, as steep import taxes and restrictions continue to disrupt formal gold flows and push the trade underground.

time to read

2 mins

January 21, 2026

Daily FT

Speaker of Parliament concludes week-long visit to India

SPEAKER of the Parliament of Sri Lanka Dr. Jagath Wickramaratne concluded his visit to India from 14-18 January for participation in the 28th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC) held in New Delhi.

time to read

2 mins

January 21, 2026

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