COLOMBO (News 1st); The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it ha...

BLOOMBERG: Global money managers are turning to Sri Lanka’s local-currency government bonds as a catch-up trade in the country’s red-hot debt market on optimism for a restructuring deal. JPMorgan Asset Management has actively rotated into rupee securities from US dollar-denominated hold...

(AP) — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP released Thur...

COLOMBO (News 1st); The Central Bank of Sri Lanka's Monetary Policy Report for February 2024 paints a cautiously optimistic picture, highlighting progress towards macroeconomic stability and gradual economic recovery. It adds that although inflation may deviate from the target in the near term,...

COLOMBO - (News 1st); The Sri Lanka Tourism Development Authority (SLTDA) reported 28,493 tourist arrivals from the 1st of February to the 4th of February. Accordingly, from the arrivals, the Russian Federation and India leaded a cumulative total of 30% of the arrivals in the first week of February...