Crux of currency crisis!

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By FT News Desk Central Bank Governor Dr. Indrajit Coomaraswamy yesterday declared the rupee was under pressure more due to exogenous factors, but re ..

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Mangala responds to concerns over state of Lankan economy

Friday, 21 September 2018 00:00 Views - 126

By Ashwin Hemmathagama The Government said that it has thus far been successful in curbing excess import growth and controlling the depreciation of t

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Lankan who solved maths problem for Jeff Bezos and gave world Amazon

Friday, 21 September 2018 00:00 Views - 209

New Delhi: Yasantha Rajakarunanayake is surprised Amazon CEO Jeff Bezos, the world’s richest man, remembers him three decades after they lost touch.

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Amendments to Finance bill 2018 approved by Cabinet

Thursday, 20 September 2018 02:27 Views - 815

The Cabinet has approved a host of Amendments, including abolition of Mansion Tax, to the Finance bill2018 approved by the Cabinetin July this year to

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SriLankan Airlines makes changes to Winter 2018 schedule

Thursday, 20 September 2018 02:25 Views - 1013

In keeping with its strategy of optimising and rationalising market opportunities throughout its route network, SriLankan Airlines said yesterday it w

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Govt. cannot release foreign reserves to manage rupee depreciation: Harsha

Friday, 21 September 2018 00:00 Views - 94

By Chathuri Dissanayake As the rupee depreciates daily to new lows, National Policies and Economic Affairs State Minister Dr. Harsha Silva yesterday d

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National cyber security policy in the offing: Defence Secretary

Friday, 21 September 2018 00:00 Views - 31

By Hiyal Biyagamage Defence Secretary Kapila Waidyaratne PC yesterday revealed that Sri Lanka is presently working on drafting a national policy on cy

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CB imposes 100% LC margins on vehicle imports

Thursday, 20 September 2018 02:26 Views - 1129

The Central Bank yesterday directed licenced commercial banks (LCBs) to impose a 100% margin deposit requirement against letters of credit(LCs) for th

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PM opens Colombo City Centre Mall

Thursday, 20 September 2018 02:24 Views - 2055

Colombo City Centre Mall by Abans and NextStory Group was ceremoniously opened by Prime Minister Ranil Wickremesinghe yesterday at Colombo 2. Convenie

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Personal staff of Ministers misuse Ministry vehicles: JVP

Friday, 21 September 2018 00:00 Views - 19

By Skandha Gunasekara The Opposition in Parliament yesterday charged that the personal staff of Cabinet Ministers were misusing Government vehicles. J

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Writ against bribery case on ex-CJ and Judge: SC reserves order for 1 October on granting leave

Friday, 21 September 2018 00:00 Views - 30

By S.S. Selvanayagam The Supreme Court yesterday (20) reserved for 1 October its order on granting of leave with the Writ petitions challenging the de

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IGP not resigning, Law and Order Ministry to investigate conduct

Friday, 21 September 2018 00:00 Views - 15

By Skandha Gunasekara Law and Order Minister Ranjith Madduma Bandara had instructed his Ministry Secretary to initiate a ministerial investigation int

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JO calls for immediate PC elections to preserve democracy

Friday, 21 September 2018 00:00 Views - 9

By Nuwan Senarathna The Joint Opposition yesterday called for Provincial Council elections to be held to prevent collapse of democracy in the country.

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Ambassador-designate of Sri Lanka to Myanmar presents credentials to President of Myanmar

Friday, 21 September 2018 00:00 Views - 13

The Ambassador-designate of Sri Lanka to the Republic of the Union of Myanmar, E.M.M. Nandimithra Ekanayake presented his credentials to the President

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Minister Sagala Ratnayaka undertakes official visit to United States

Friday, 21 September 2018 00:00 Views - 22

Minister of Youth Affairs, Project Management and Southern Development Sagala Ratnayaka undertook an official visit to Washington DC from 12-13 Septe

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New Villages Development Authority for Plantation Region Bill presented to Parliament

Friday, 21 September 2018 00:00 Views - 11

By Skandha Gunasekara The Government presented the New Villages Development Authority for Plantation Region Bill in Parliament on Wednesday. Presentin

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PCCSL releases Annual Report 2017

Friday, 21 September 2018 00:00 Views - 7

The Press Complaints Commission of Sri Lanka (PCCSL) received 116 complaints in 2017, of which 76 complaints were valid complaints falling within the

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Millennium Challenge Corporation official visits Sri Lanka to continue progress on Compact

Friday, 21 September 2018 00:00 Views - 18

A delegation from the US Government’s Millennium Challenge Corporation (MCC), led by Chief Operating Officer Jonathan Nash, visited Sri Lanka this w

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The authentic brand: Staying true, being great – Part 1

Thursday, 20 September 2018 02:20 Views - 207

Michel Nugawela sat down with Siddhalepa Managing Director Asoka Hettigoda and Dilmah Tea CEO Dilhan Fernando to discuss what sets apart their brands

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Government approves bus fare hike

Thursday, 20 September 2018 02:11 Views - 99

The Government yesterday agreed to increase bus fares by 4% from midnight but kept the minimum charge unchanged, Minister of Transport and Civil Aviat

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Bakers slash bread prices after Govt.’s call for support

Thursday, 20 September 2018 02:10 Views - 179

Sri Lanka’ largest association of bakers announced on 19 September that they are ready to slash bread prices back to previous levels, in support of

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FT TV


Thursday, 20 September 2018 03:28 Views - 209

Cyber Security Summit 2018


Wednesday, 12 September 2018 12:37 Views - 209

The Most Admired Companies of Sri Lanka - 2018


Sunday, 2 September 2018 12:02 Views - 209

Best of the Best at ICCSL-CIMA-Daily FT Fireside Chat

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Today's Columnists

The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation


Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc


The bald truth about fake news, etc.

Friday, 21 September 2018

In its most innocent forms, we may all enjoy a bit of ‘fake news’ and go to bed with a lighter heart and clean conscience. A meme on Facebook urging social media consumers to caution – “You can’t believe everything you read on the internet


Withholding Taxes – What, why, when?

Thursday, 20 September 2018

The tax regime in Sri Lanka historically imposes WHT on both domestic as well as cross border payments. WHT on domestic payments eases revenue collection (e.g.: PAYE) while WHT on cross border payments are adopted by most countries to ensure that the


Withholding Taxes – What, why, when?

Thursday, 20 September 2018

The tax regime in Sri Lanka historically imposes WHT on both domestic as well as cross border payments. WHT on domestic payments eases revenue collection (e.g.: PAYE) while WHT on cross border payments are adopted by most countries to ensure that the


STEAMing STEM – Moving from horoscopes to telescopes!

Thursday, 20 September 2018

Walking into an inventors’ exhibition should give one an experience similar to an immersion into the future. The world change with inventions and inventors lead the change. The creativity displayed is an indicator of the creativity of the society f


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