COLOMBO (News 1st): The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter of 2025, compared with the same period in 2024.This was disclosed today (20) during a progress review meeting of the Board of Investment of ...

COLOMBO (News 1st); The Constitutional Council has approved the appointment of President's Counsel Rohantha Abeysooriya as the President of the Court of Appeal.The approval has reportedly been sent to the Presidential Secretariat.President's Counsel Rohantha Abeysooriya, a Senior Additional Solicito...

COLOMBO (News 1st); Amid growing public concern over the impact of IMF-backed reforms in Sri Lanka, the Fund’s First Deputy Managing Director, Dr. Gita Gopinath, has defended the program, citing significant improvements in key economic indicators.In an exclusive interview with News 1st’s Zulfick Far...

COLOMBO (News 1st); Two years ago, Sri Lanka was in the grip of one of the worst economic crises in its history. Fuel lines stretched for miles, medicine was scarce, inflation had skyrocketed to 70%, and the country’s foreign reserves were nearly wiped out. Today, the picture looks very different—an...

COLOMO (News 1st): Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), arrived in Sri Lanka for a two-day official visit.This visit is significant, as it marks the first time since 2005 that a serving FDMD of the IMF visits Sri Lanka. During th...