COLOMBO (News 1st); Peter Breuer, Former Mission Chief of the Asia & Pacific Department at the International Monetary Fund (IMF) pointed out that when the crisis hit, Sri Lanka had the lowest revenue take among emerging market middle-income countries, averaging just above 9% compared to peer cou...

COLOMBO (News 1st); A high-level discussion on tariff issues between US trade representatives and Sri Lankan officials took place yesterday (22) in Washington, D.C. The meeting aimed to address the ongoing challenges posed by reciprocal tariffs.Deputy Minister Professor Anil Jayanta Fernando st...

COLOMBO (News 1st); Sri Lanka's Secretary of the Ministry of Finance, Mahinda Siriwardena, reflecting on the country's journey from economic crisis to recovery, highlighted that structural weaknesses, policy mistakes, and external shocks culminated in the 2022 crisis.Appointed in April 2022, Siriwar...

COLOMBO (News 1st); His Eminence Cardinal Malcolm Ranjith, the Archbishop of Colombo, departed for the Vatican on Wednesday (23) morning.He is set to attend the funeral of the late Pope Francis and participate in the subsequent conclave to elect the new Pope.The Holy See Press Office announced on Tu...

COLOMBO (News 1st); In light of the current reciprocal tariffs, the G24 is exploring strategies to mitigate the impact on emerging economies. Pablo Quirno, Secretary of Finance for Argentina and a key figure in the G24, responding to a question posed by News 1st's Zulfick Farzan at a press conferenc...