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Oil up 9% to one-month high as US  says it will blockade entire Iranian coastline, all vessels

Oil up 9% to one-month high as US says it will blockade entire Iranian coastline, all vessels

Oil prices settled up more than 9% on Monday at a one-month high after news ​that a United States' naval blockade due to begin on Tuesday will cover Iran's entire...

Jul 14, 2026

 CBL Group appoints Sheamalee Wickramasingha as Chairman

CBL Group appoints Sheamalee Wickramasingha as Chairman

CBL Investments Limited and its group of companies (CBL Group), one of Sri Lanka's leading and most diversified food manufacturing conglomerates, has appointed its Group Managing Director, Ms. Sheamalee (Shea)...

Jul 7, 2026

Home Lands Breaks Ground on ‘Central Park Boulevard Port City Colombo’, Commencing Construction of The Indian Ocean's Next Wonder

Home Lands Breaks Ground on ‘Central Park Boulevard Port City Colombo’, Commencing Construction of The Indian Ocean's Next Wonder

Market leader, Home Lands Group, officially commenced construction of Central Park Boulevard Port City Colombo with a ceremonial groundbreaking held at its construction site in Central Park district, Port City...

Jun 27, 2026

Arjun Jeger of DC Group Named in Campaign Asia’s 40 Under 40

Arjun Jeger of DC Group Named in Campaign Asia’s 40 Under 40

Colombo, Sri Lanka: Arjun Jeger, Co-Founder and Managing Partner of DC Group, has been named to Campaign Asia’s prestigious 40 Under 40 Class of 2026, recognising emerging leaders shaping the...

Jun 19, 2026

A New Global Marina Front Address for Sri Lanka Presented by Prime & Melwa

A New Global Marina Front Address for Sri Lanka Presented by Prime & Melwa

Prime and Melwa have unveiled the Prime Marina Sales Suite at Port City Colombo, a first of its kind in the region and a new benchmark for how a landmark...

Jun 6, 2026

US Dollar selling rate surpasses Rs. 350

US Dollar selling rate surpasses Rs. 350

The Sri Lankan Rupee continues to weaken against the US Dollar amidst multiple factors including the ongoing conflict in the Middle East. The selling rate of the US dollar exceeded...

May 21, 2026