Oil prices jump as Strait of Hormuz standoff escalates
Crude oil prices rose in early trading Sunday. The price of U.S. crude oil jumped 6.4% to $87.88 per barrel after trading resumed on the Chicago Mercantile Exchange. The price...
Rs. 13.2 billion fraud at NDB : CBSL issues statement
The Central Bank of Sri Lanka says it has been informed by the National Development Bank PLC (NDB) of an...
Lankem Ceylon invests Rs. 3 billion in Sri Lanka’s first state of the art Single Super Phosphate Fertilizer (SSP) factory
Colombo, Sri Lanka, 30th March 2026: Lankem Ceylon PLC has unveiled ‘මඩ රජා’ (Mada Raja), Sri Lanka’s first locally manufactured...
5% GDP growth in 2025
The Department of Census and Statistics (DCS) reported that Sri Lanka’s Gross Domestic Product (GDP) is projected to grow by...
Oil tops $100 again despite historic release of reserves
Oil prices surged past $100 per barrel again overnight, three days after it hit a four-year high, as the US...
Nestlé Celebrates 120 Years of Working Together for Good in Sri Lanka
Nestlé Lanka Limited, the ‘Good Food Good Life’ company marks 120 years of operations in Sri Lanka this year. From...
More In Business
Dollar surges as US-Iran war pushes oil past $100 a barrel
The dollar took another leg higher on Monday, jumping to a three-month peak on the euro as oil surged past $100 a barrel, stocks slid and investors headed for safety...
Mar 9, 2026
Sri Lanka’s foreign reserves surpass USD 7 billion mark
Sri Lanka’s official reserve assets increased by 6.6% to USD 7,284 million in February 2026, compared to USD 6,832 million recorded in January 2026. Accordingly, country’s reserves have surpassed the...
Mar 6, 2026
DPMC reignited the roads with grand KTM motorcycles
David Pieris Motor Company (Private) Limited (DPMC) proudly relaunched KTM motorcycles in Sri Lanka after a lapse of five years, marking a significant milestone in the country’s performance motorcycling landscape...
Feb 18, 2026
USD/LKR Spot Rate surpasses Rs. 310 mark for the first time since Feb. 2024
The indicative USD/LKR spot rate announced by the Central Bank of Sri Lanka (CBSL) has surpassed the Rs. 310 mark for the first time since 29 February 2024. Accordingly, the...
Jan 7, 2026
NOLIMIT Expands to the North with Grand Opening of 28th Store in Jaffna
NOLIMIT, Sri Lanka’s leading fashion retail brand, proudly announced the grand opening of its 28th store in Jaffna, which took place on Saturday, 3rd January 2026 at 10.00 a.m., marking...
Jan 6, 2026
HelaGo Raises USD 1 Million Seed Funding to Redefine Sri Lanka’s Ride-Hailing Market
HelaGo, Sri Lanka’s emerging ride-hailing platform built on an open and fair operating model, has secured USD 1 million in seed funding to accelerate its expansion and introduce a new...
Jan 3, 2026