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Telesonic puts Sri Lanka on global map

Daily FT

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November 17, 2025

■ Wins Midea's first-ever Sustainability Pioneer Award

MIDEA, the world’s largest producer of consumer appliances and the global leader in air treatment, recognised Sri Lanka’s Telesonic with the first-ever Sustainability Pioneer Award at its prestigious Global Strategic Partner Summit held in China.

The three-day global summit for Midea’s world-leading Residential Air Conditioning directorate brought together over 500 of Midea’s leading partners from around the world, marking a landmark moment as Telesonic stood tall among global industry giants to earn this pioneering accolade. The recognition placed Sri Lanka firmly in the international spotlight for sustainability and innovation in the airconditioning sector as Telesonic’s far-reaching sustainable eco systems restoration and rural empowerment mission was awarded over other sustainability initiatives spanning the globe.

Receiving the award on behalf of Telesonic, Managing Director Arun Mahtani described the honor as “an incomparable feeling - to be awarded as a pathfinder and receive Midea’s first-ever

Daily FT'den DAHA FAZLA HİKAYE

Daily FT

SL must shift towards services-led exports: Hulangamuwa

SENIOR Adviser to the President on Economic Affairs and Finance Duminda Hulangamuwa said Sri Lanka should make a strategic pivot towards high-value service exports, citing deep-rooted structural constraints that limit the country's ability to scale up manufacturing exports despite decades of incentives and free trade agreements (FTAs).

time to read

1 mins

November 17, 2025

Daily FT

October tourism earnings continue to lag far behind expectations

EARNINGS from tourism remained well below expectations despite welcoming a record number of visitors in October 2025, underscoring the sector’s struggle to convert rising arrivals into meaningful economic gains.

time to read

1 mins

November 17, 2025

Daily FT

NDB to raise Rs. 16 b via GSS+ Bonds

NATIONAL Development Bank PLC (NDB) said its Board has approved a proposal to issue up to Rs. 16 billion in GSS+ Bonds.

time to read

1 min

November 17, 2025

Daily FT

Nations Trust Bank nine-month PAT up 23% to Rs. 14.9 b

Loan growth up 45% YoY to Rs. 131 b Net Stage 3 ratio of 1.03% Tier I capital at 18.90% Total Capital Adequacy Ratio at 20.03% Return on equity at 23.20%

time to read

2 mins

November 17, 2025

Daily FT

Daily FT

War against polythene: Recycling is the best long run solution

War against Sili-Sili bags

time to read

9 mins

November 17, 2025

Daily FT

SLT Group rings strong 3Q and nine-month results

Records Rs. 6.5 b PAT, heralding strong turnaround from 2024, Operating profit surges 64% YoY to Rs. 11.8 b, showcasing disciplined execution and sustained financial momentum, Finance cost down 21% YoY, highlighting prudent financial management At company level, PAT rises 238% YoY to Rs. 4.1 b, Mobitel delivers Rs. 1.7 b net profit

time to read

3 mins

November 17, 2025

Daily FT

Daily FT

US-Sri Lanka defence ties strengthen via Montana State Partnership Program MoU

THE United States and Sri Lanka yesterday signed the Memorandum of Understanding (MoU) establishing the State Partnership Program (SPP) between Defence Ministry, the Montana National Guard and the US Coast Guard District 13.

time to read

1 mins

November 17, 2025

Daily FT

Throwing good taxpayer money after bad

IN its first Budget, presented earlier this year, the NPP Government specified a payment of Rs. 20 billion to partially cover the debt of SriLankan Airlines. This came in for a lot of criticism.

time to read

3 mins

November 17, 2025

Daily FT

Daily FT

First digital platform for smart and sustainable shrimp aquaculture debuts

Landmark initiative by FAO and Fisheries, Aquatic and Ocean Resources Ministry

time to read

2 mins

November 17, 2025

Daily FT

SLT appoints A.N. Hapugala and Raghvendra Madhav to Board

SRI Lanka Telecom PLC (SLT) has announced the appointment of A.N. Hapugala as a NonNon-Executive Independent Director and Raghvendra Madhav as an Independent NonExecutive Director to its Board.

time to read

1 min

November 17, 2025

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