The International Monetary Fund (IMF) released its latest World Economic Outlook (WEO) on April 22, 2025, titled “A Critical Juncture Amid Policy Shifts.” Presented by IMF Economic Counsellor Pierre-Olivier Gourinchas, Deputy Director Petya Koeva Brooks, and Division Chief Deniz Igan, the report highlights a significant downgrade in global growth forecasts, driven by escalating trade tensions…
Sri Lanka’s economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 percent, says the World Bank. This growth has been driven by strong performances in industry and services, particularly in construction and tourism-related services. In 2025, growth is expected to moderate to 3.5…
Sri Lanka has demonstrated remarkable resilience and growth in its export sector during the first quarter of 2025, with total exports reaching US$ 4,212.13 Mn, reflecting a robust 5.87% growth compared to the same period last year. March 2025 proved particularly successful with total exports, including both merchandise and services, reaching US$ 1,507.90 Mn. This…
Increasing domestic revenues key to stronger fiscal buffers Amid increasing uncertainty in the global economy, South Asia’s growth prospects have weakened, with projections downgraded in most countries in the region. Stepping up domestic revenue mobilization could help the region strengthen fragile fiscal positions and increase resilience against future shocks, says the World Bank in its…
UAE Pledges Support for the Promotion of Energy, Tourism, Investment and Foreign Employment Sectors The Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), His Highness Sheikh Abdullah Bin Zayed Al Nahyan, stated that the UAE will prioritize the promotion of the energy, tourism, foreign investment and foreign employment sectors…
The price of gold in the local and world market has reached its highest level in history. Accordingly, it is reported that, as of today (April 22), the price of an ounce of gold in the global market has reached a historic high of USD 3,500. Commenting on the continuous surge, the Assistant Director of…
The Embassy of Sri Lanka in Amman, in collaboration with the Sri Lankan community in Jordan successfully held the Sri Lankan Food Fair-2025, on 11 April 2025 at the Embassy premises. The event showcased authentic Sri Lankan cuisine and the great culinary variety that Sri Lanka offers, while also fostering cultural exchanges between the two…
Sri Lanka has recorded 846,221 tourist arrivals as of April 20 this year, according to the latest data released by the Sri Lanka Tourism Development Authority (SLTDA). The Authority reports that 123,945 international visitors arrived in the country during the first 20 days of April alone, indicating continued momentum in the tourism sector’s recovery. India…
Sri Lanka marked a major milestone in its tourism development efforts with the official launch of the Marine Tourism Roadmap on Thursday, April 10, 2025 in Colombo. This initiative, led by the Sri Lanka Tourism Development Authority (SLTDA) with support from the Asian Development Bank (ADB) under its technical assistance program TA9881 SRI: Supporting Tourism…
As Indika De Zoysa completes his dynamic two-year tenure as Chairman of the Federation of Information Technology (Guarantee) Ltd (FITIS), the organization finds itself at the heart of a profound national transformation. Under his leadership, FITIS has played a pivotal role in reshaping the country’s digital future, setting into motion a long term vision to…
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