Colombo (News 1st): While the leaders of Sri Lanka are busy branding the island as one of the most corrupt states in the world, other countries who were on par with Sri Lanka in the past have strategically upgraded themselves to the status of developed nations. In other words, the world has moved...

COLOMBO (News 1st) - At a media briefing held in Colombo UPFA MP Wimal Weerawansa they attempted to resolve this current political impasse by taking it before the court of public opinion but noted that the Supreme Court verdict clearly shows that it cannot be done. He continued to say that the Un...

Colombo (News1st) - The Central Bank says it is working towards implementing a flexible inflation targeting framework from next year. Under a flexible inflation targeting regime, the central bank will announce the inflation target for a period of time and raise or lower interest rates accordingly...

COLOMBO (News 1st) - The National Export Strategy (NES) for the years 2018 to 2022 was launched today (July 19).The project was led by the Ministry of Development Strategies and International Trade as well as the Export Development Board. The NES focuses on six sectors for the innovation and expo...

COLOMBO (News 1st) - Issuing Sri Lanka’s new development update report, the World Bank says Sri Lanka needs better jobs which are critical to reaching upper-middle income status. According to recent statistics, in 2017, for the first time in decades, Sri Lanka’s fiscal revenue has exceeded expend...