Daily NewsLine by Faraz
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First Capital Treasuries (FCT.N0000): Behind the Boardroom Shake-Up Financial Stress, Market Losses and Questions Over Accountability
A Rs. 2.29 billion earnings reversal, rising repo exposure and a shrinking equity base place First Capital Treasuries under scrutiny as two senior board members…
Corporate Voice
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Sri Lanka Doesn’t Need Another Craft Revival. It Needs a Creative Economy
Sri Lanka's most effective craft campaign of the year may not have come from a trade fair, export pavilion or government promotion. In recent weeks,…
Politics
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Ranil Returns to Court Tomorrow. This Time the Attorney General’s Answer Matters
The investigation into more than Rs 16.6 million in State expenditure associated with former President Ranil Wickremesinghe’s 2023 visit to…
Namal is Already Remanded Until October 13. Tomorrow He Faces Another Airbus Decision
One court yesterday refused bail to Namal Rajapaksa in the Airbus bribery case and remanded him until October 13. Tomorrow…
Overseas Sri Lankans May Finally Get the Vote. Now Comes the Hard Part.
Sri Lanka is moving towards allowing its citizens overseas to vote without flying home. The principle sounds straightforward. Making it…
Sri Lanka Goes to the UN to Talk About Restoring Trust. Trust Begins at Home
Foreign Minister Vijitha Herath has taken Sri Lanka’s message to the United Nations under a General Assembly theme built around…
Expose
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From 0.1% to 1%, From 1% to 10%, and $1.57 Million Disappears
Evidence before the Presidential Commission says critical coal specifications were altered between tender and contract - leaving Sri Lanka with US$1.575 million in excess payments…
Business
First Capital Treasuries (FCT.N0000): Behind the Boardroom Shake-Up Financial Stress, Market Losses and Questions Over Accountability
A Rs. 2.29 billion earnings reversal, rising repo exposure and a shrinking equity base place First Capital Treasuries under scrutiny as two senior board members…
Economy
Rs 21 Trillion in Deposits. More Than Rs 1 Trillion Borrowed Against Gold. What Does That Tell Us?
Sri Lanka has an extraordinary amount of money sitting in banks and finance companies. At the same time, Sri Lankans are borrowing enormous sums against…
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