Reuters – Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping markets on edge as a deal to end the war eludes both sides. Brent futures climbed $1.40, or 1.5%, to $97.56 a barrel…
The Monetary Policy Board, at its meeting held yesterday, decided to increase the Overnight Policy Rate (OPR) by 100 bps to 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. The uncertainties arising from the heightened tensions in the Middle East have prompted…
Dialog Axiata PLC, the country’s leading telecommunications service provider, reached a significant milestone yesterday (25) by becoming the largest listed company on the Colombo Stock Exchange (CSE) in terms of market capitalization. The company ascended to the top spot by overtaking John Keells Holdings (JKH), which had previously led the rankings. This shift followed a…
Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, held on 22 May at Cinnamon Lakeside Colombo, was hosted by Incitare Sri Lanka and the Global Rethinking Finance Collaborative (GRFC),…
Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 17,623 million for the 4th Quarter ending 31st March 2026, compared to Rs. 12,960 million recorded in the corresponding quarter of the previous year, reflecting a 36% growth in turnover. The Group reported a Profit After Tax (PAT) of Rs. 577 million for the quarter,…
Sampath Bank PLC has become the first bank in Sri Lanka to introduce integrated PayPal withdrawal and account connectivity capabilities through Sampath Vishwa, marking a major advancement in Sri Lanka’s digital banking landscape and expanding access to secure global payments. Sri Lanka’s digitally connected workforce and business community continue to expand across international marketplaces and…
The Colombo Stock Exchange (CSE) witnessed a strong rally today (25), with benchmark indices recording notable gains amid broad-based buying interest. The benchmark All Share Price Index (ASPI) surged by 435.13 points, or 1.98%, to close at 22,364.77, while the S&P SL20 Index, which tracks the market’s most liquid stocks, gained 118.08 points, or 1.95%,…
Pelwatte Dairy Industries Limited has announced a significant new investment through its fully owned subsidiary, Pelwatte Foods (Private) Limited, to establish a Greenfield Liquid Milk Manufacturing Facility (Phase 01) at its Kurunegala plant. The investment, valued at approximately Rs. 1.86 billion, was formalised through an agreement signed with the Board of Investment of Sri Lanka…
Sri Lanka’s total exports, comprising both merchandise and services, reached US$ 1,380.93 million in April 2026, recording a year-on-year growth of 6 % compared to April 2025. According to provisional data released by Sri Lanka Customs, together with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports in April 2026 increased by 9.87%…
Hemas Holdings PLC announced record earnings for both the fourth quarter (Q4) and full financial year FY26, marking a historic milestone for the Group. Group earnings reached Rs. 3.03 Bn in Q4, representing 17.6% year-on-year (YoY) growth, and Rs. 8.92 Bn for the full year, up 10.7% YoY. Revenue for FY26 grew 8.0% to Rs….
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