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)...
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...
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...
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...
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...
Sri Lankan Rupee weakens further as US Dollar hits highest level since Dec. 2023
The Sri Lankan Rupee came under further pressure today as the selling rate of the US Dollar rose to Rs....
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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 Single Super Phosphate (SSP) fertilizer, marking a significant milestone in...
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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 5% in 2025. At constant 2015 prices, the GDP is...
Mar 18, 2026
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 and Israel’s war with Iran continues to have a historic...
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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 its humble beginnings in 1906, Nestlé Lanka is now the...
Mar 12, 2026
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...
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