Daily FT - June 07, 2025
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In this issue
June 07, 2025
Colombo stock market ends week with 3.2% gain
THE Colombo stock market yesterday ended with losses taking a complete U-turn after two consecutive sharp gains, though ending the week on the up.
2 mins
President calls to expedite urban development projects
PRESIDENT Anura Kumara Disanayake yesterday stressed the urgent need to accelerate urban development initiatives, directing officials to prioritise their timely completion in line with the original schedules.
1 min
Foreign Employment Agencies warn of sharp decline, urge Government to intervene
THE Association of Licensed Foreign Employment Agencies has warned of a major decline in Sri Lanka’s foreign employment sector, attributing it to what they claim is a deliberate campaign aimed at eroding public trust in both recruitment agencies and Sri Lanka Bureau of Foreign Employment (SLBFE).
1 min
NIRDC launches transparent evaluation framework to boost commercialisation of R&D in Sri Lanka
MARKING a pivotal step in transforming the country's innovation landscape, the National Initiative for the Commercialisation of Research and Development (NIRDC) has commenced the establishment of technical review committees to evaluate R&D proposals submitted under a newly approved Cabinet framework.
1 min
CIABOC Director General calls for public-driven reform under new anti-corruption strategy
THE Commission to Investigate Allegations of Bribery or Corruption (CIABOC) Director General Ranga Dissanayake on Thursday underscored the urgency of systemic reform, institutional strengthening and public participation in the battle against corruption.
2 mins
Sri Lanka Tourism to unveil long-awaited 'Nation Branding Campaign' on 26 June
AFTER months of anticipation, Sri Lanka Tourism Promotion Bureau (SLTPB) yesterday announced that it will officially launch its long-awaited 'Nation Branding Campaign' on 26 June, to rejuvenate its global tourism image and woo travellers.
1 min
Govt. warns salt importers against price hike amid market shortage
TRADE, Commerce, Food Security and Cooperative Development issued a stern warning in Parliament yesterday, assuring that the Government will intervene if importers and traders are found to be profiteering from the sake of imported salt during the current shortage.
1 min
Accelerate rural road development under 2025 Budget: President
PRESIDENT Anura Kumara Disanayake yesterday underscored the urgent need to accelerate rural road development initiatives, directing officials to prioritise their timely completion as part of the broader national infrastructure agenda.
1 min
Ambassador Jayasuriya presents credentials to UN Secretary-General Guterres
AMBASSADOR Jayantha Jayasuriya presented his Letters of Credence as the Permanent Representative of Sri Lanka to the United Nations, to the Secretary-General of the United Nations António Guterres on 05 June 2025 at a solemn ceremony held at the United Nations Headquarters in New York.
1 min
Proposal to establish Parliamentary Caucus on Arts and Cultural Affairs handed over to Speaker
A proposal to establish a Parliamentary Caucus on Arts and Cultural Affairs in the 10th Parliament was submitted to the Speaker of the House Dr. Jagath Wickramaratne at the Parliament premises on Wednesday.
1 min
New book highlights late Dr. Lal Jayawardena as one of six pioneers of development economics
■ A newly published and widely acclaimed book
2 mins
Former Minister Mervyn Silva indicted over Rs. 800 m in unexplained assets
THE Colombo High Court yesterday indicted former Minister Mervyn Silva on serious corruption charges, following an investigation by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).
1 min
Ex-Minister Chandrani Bandara indicted before High Court on charges of corruption
THE Colombo High Court yesterday indicted former Minister Chandrani Bandara on charges of corruption.
1 min
MP Shanakiyan presents private member's Bill to resolve controversy in PC Elections Act
PARLIAMENTARIAN Shanakiyan Rajaputhiran Rasamanickam has presented a private member’s Bill to amend the Provincial Councils Elections Act, No. 2 of 1988 to hold Provincial Council elections.
1 min
CA Sri Lanka Canada Chapter leads drive to boost trade and professional ties
THE Canada Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is spearheading initiatives to forge stronger international partnerships, enhance global mobility for its members, and facilitate trade, investment, and professional collaboration between Canada and Sri Lanka.
2 mins
Reviving authentic sustainability of indigenous Sri Lankan clay housing
DAILY mockery is indulged in, somewhere upon planet earth at any given point of time, through theoretical rhetoric by political leaders, academics and others on protection and conservation of the environment. Repetitive bombastic statements that are often never followed up in action, are especially amplified on 5 June, the date modern man has designated as his day to wake up to the abyss that he has dumped the environment in (being quite happy to descend back again into his nightmarish developed stupor the morning after).
10 mins
Pelican Island presents jazz festival made to mix at Galle Face Hotel
Where rhythm meets refreshment in a celebration of sound, spirits, and soul
1 min
Hilton Hotels in Sri Lanka launch new exclusive offers for weddings
HILTON Hotels in Sri Lanka have launched 'Forever Starts Here,' a limited-time campaign designed to help couples plan their make dream weddings with exclusive packaged and elevated experiences.
3 mins
Global appeal of Geoffrey Bawa's furniture designs
After a successful showing at Milan Design Week, pieces from the Geoffrey Bawa Collection are now available for purchase
2 mins
Take cue from India CJ on post-retirement jobs of judges
THE newly appointed Chief Justice of India B.R. Gavai this week spoke on the concerns over post-retirement jobs taken by the judges and publicly pledged, along with his colleagues in the Indian Supreme Court, not to accept any post-retirement roles or positions from the Government.
2 mins
Asian Geopolitical Strategic Affairs Council to be established
Initiative by several experts to enhance democratic values via promotion of ethical governance and media practices
2 mins
Pipe dreams while at sea
A nation choking with obscure concepts, possessing only mediocre skills and manifestly incapable of redemption, we drift from crisis to crisis
5 mins
A brief relief for a regime set to suffer no small grief
A rainbow seems to have appeared over the skies of a regime under a cloud. It was a sullen sky in May, and - the truth be told —a once-clear cerulean space darkened by no few thunderheads for the under-pressure NPP government.
5 mins
Underestimated climate threat: Black carbon as a super pollutant
REDUCING greenhouse gas (GHG) emissions and limiting global temperature increase to 1.5°C or at least well below 2°C above pre-industrial levels is at the heart of the Paris Agreement. However, while carbon dioxide (CO2) is the major cause of global warming and has been a centrepiece of global discussions, there is a group of so-called super pollutants that are often overlooked when it comes to climate action. Not only are these super pollutants responsible for around 45% of global warming to date, but they also present a serious health hazard and are estimated to cause millions of premature deaths every year. Due to their short-lived nature, addressing super pollutants presents an opportunity for rapid impact while also yielding strong co-benefits for public health and clean air.
3 mins
16 teams gear up for pre-quarters of MCA 'G' Division League
THE league stage of the ongoing 14th Stafford Motor Co. sponsored, “Honda” Trophy — MCA “G” Division 25 Over League Tournament 2025, came to a conclusion after completing 133 half day matches and the following 16 teams advanced to the pre-quarter finals.
1 min
Sri Lanka name 4 uncapped players for first Test v BD
SRI Lanka have picked four uncapped players and recalled versatile spinner Akila Dananjaya in their 18-member squad for the first cricket Test against Bangladesh starting at Galle on 17 June.
1 min
Ceylon Masters International Badminton 2025 begins in grand style
THE much-anticipated Ceylon Masters International Badminton Championship 2025, where over 350 international shuttlers from leading badminton-playing countries including Sri Lanka, was inaugurated on Friday, 6 June at the St. Joseph’s College Indoor Complex at Darley Road in Colombo.
1 min
Trinity through courtesy second half rally
TRINITY College produced a fantastic second-half rally to register a commanding 49/15 win over Kandy Sumangala College at the Pallekelle Rugby Stadium yesterday.
1 min
Daily FT Newspaper Description:
Publisher: Wijeya Newspapers Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Daily FT:National English Daily:authoritative market and financial news for business www.ft.lk
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