COLOMBO (News 1st); As Sri Lanka continues its path toward economic recovery, the country’s leadership is expressing hope that the current International Monetary Fund (IMF) program will be its last.In a recent statement, the President of Sri Lanka suggested that the ongoing Extended Fund Facility (E...

COLOMBO (News 1st); Global credit rating agency Fitch Ratings has revised its outlook for sovereign credit conditions in 2025 from “neutral” to “deteriorating,” citing rising trade tariffs, policy uncertainty, and geopolitical tensions as key risks to global economic stability.According to Fitch, th...

COLOMBO (News 1st): Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), is scheduled to visit Sri Lanka from 15-16 June 2025. This visit is significant, as it marks the first time since 2005 that a serving FDMD of the IMF visits Sri Lanka. Duri...

COLOMBO (News 1st); The Embassy of the Republic of Türkiye in Sri Lanka hosted a vibrant celebration of World Breakfast Day, showcasing the richness of Turkish culinary traditions and the deeper cultural values tied to the morning meal.The event, featured an elaborate spread of Turkish delicacies, e...

Colombo (News 1st); The Ministry of Defence says that President has allocated Rs. 1 Billion to support initial compensation efforts for homes damaged by recent strong winds.According to K.G. Dharmathilaka, Additional Secretary of the Disaster Management Division, compensation of up to Rs. 2.5 millio...