Hambantota Port reaches 1 million MT benchmark

Mitigating risk of world turning Japanese

By Nicolas Rigois and Steve Brice The collapse of Japan?s Nikkei stock index from almost 39,000 in 1989 to 8,000 in 2008 has been well documented and was presumably traumatic for many Japanese investors. However, the decline in the 10-year government bond yield from a peak of over 8% to less than 0% (i.e. a negative yield) has arguably been even more traumatic. While declining yields have, by definition, led to higher bond prices and therefore healthy returns for investors over the years, for

18 May, 2019

IMF to extend Sri Lanka program till June 2020

The International Monetary Fund says it hopes to extend the funding program with Sri Lanka till June 2020. IMF Director at the Communications Department, Gerry Rice, said that the IMF Executive Board will meet next week to consider the request from Sri Lanka to complete the review of the 5th review under the IMF program. “On the substance of IMF help, we have a program there with Sri Lanka that is ongoing and indeed next week, our executive board will consider the request from the authorities

10 May, 2019

IMF says initial Sri Lanka market pressures seem contained

The International Monetary Fund (IMF) said on Tuesday that initial financial market pressures on Sri Lanka appear contained following “horrific” Easter Sunday bomb attacks but decisive policy and security actions are needed to shore up the island’s all-important tourism sector. At least 321 people were killed and about 500 wounded in Sunday’s attacks on churches and hotels. “Initial financial market pressures seem to have been contained in the aftermath of the attacks,” IMF Sri Lanka mission c

24 Apr, 2019