China leads in Sri Lanka’s FDI in 2017

China leads in Sri Lanka’s FDI in 2017

Colombo, Dec 9 – China accounted for 35% of foreign direct investments into Sri Lanka up to September this year with FDI for the full year expected to total US$ 1.36 billion, the Ministry of Development Strategies and International Trade said. It said in a statement that there was a “strong uptick” in exports and […]

With launching of Sino-Lankan JV to run Hambantota Port, Lanka joins China’s OBOR

With launching of Sino-Lankan JV to run Hambantota Port, Lanka joins China’s OBOR

Colombo, December 9 (newsin.asia): With the launching of a Sino-Sri Lankan Joint Venture (JV) to run the China-funded Hambantota port here on Saturday, Sri Lanka has joined China’s One Belt One Road (OBOR) and 21 st.Century Maritime Silk Route projects, Prime Minister Ranil Wickremesinghe has said. Speaking at the launching ceremony here on Saturday, Wickremesinghe […]

Yameen’s visit to Beijing: China trumpets OBOR pact, Maldives hails FTA

Yameen’s visit to Beijing: China trumpets OBOR pact, Maldives hails FTA

China and the Maldives appear to have different perspectives on Maldivian President Abdulla Yameen’s three day visit to Beijing which would end on December 9, writes P.K.Balachandran in Daily FT. Both countries feel that the visit has taken the relationship to a higher level and broadened its scope greatly. But while China has laid stress […]

IMF approves US$ 251.4 million payout for Sri Lanka

IMF approves US$ 251.4 million payout for Sri Lanka

Colombo, Dec 8 (newsin.asia) – The Executive Board of the International Monetary Fund (IMF) has completed the third review of Sri Lanka’s economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF) arrangement. Completion of the review enables the disbursement of US$ 251.4 million, bringing total disbursements under […]

Free trade and OBOR pacts take Sino-Maldivian ties to a new height

Free trade and OBOR pacts take Sino-Maldivian ties to a new height

The signing of a Free Trade Agreement and an MoU on cooperation in implementing China’s ambitious and prestigious One Belt One Road (OBOR) international connectivity project at the Great Hall of People in Beijing on Thursday, has taken Sino-Maldivian relations to a new height, writes P.K.Balachandran in South Asian Monitor. The signing, watched by Chinese […]

China and Maldives sign Free Trade and OBOR cooperation agreements

China and Maldives sign Free Trade and OBOR cooperation agreements

Beijing, December 7 (newsin.asia): In a landmark event at the Great Hall of People here on Thursday, Maldives and China signed a Free Trade Agreement (MCFTA) as well as an MoU on cooperation in implementing China’s ambitious and prestigious One Belt One Road (OBOR) international connectivity project. In all twelve agreements were signed  in the […]

Yameen says China is Maldives’ “closest development and commercial partner”

Yameen says China is Maldives’ “closest development and commercial partner”

Beijing, December 7 (newsin.asia): The Maldivian President Abdulla Yameen, who is on a three-day visit to China at the invitation of  the Chinese President Xi Jinping, has said that China is Maldives’ “closest development and commercial partner.” Speaking at the official reception held to mark the 45 th. anniversary of the establishment of diplomatic relations […]

Yameen in China to further economic ties

Yameen in China to further economic ties

Beijing,December 6 (newsin.asia):  The Maldivian President Abdulla Yameen, accompanied by First Lady Fathimath Ibrahim, arrived here on Wednesday on a three-day visit to China to further the already strong economic ties between the two countries. Yameen, who is on a State visit at the invitation of his Chinese counterpart, Xi Jinping, is expected to oversee […]

Maldives-China FTA to be signed during Yameen’s Dec 6 to 9 visit to Beijing

Maldives-China FTA to be signed during Yameen’s Dec 6 to 9 visit to Beijing

Colombo, December 5 (newsin.asia): The Maldives-China Free Trade Agreement (MCFTA) which was passed by the Maldivian parliament recently, is likely to be signed during Maldivian President Abdulla Yameen’s three-day visit to Beijing which begins on December 6, a Maldivian official said.  . A brief note issued on Monday said the trip, which takes place from December […]

Maldives- China FTA will not affect commercial and security ties with India: Maldivian envoy

Maldives- China FTA will not affect commercial and security ties with India: Maldivian envoy

Colombo, December 4 (The Hindu): Enhanced trade relations with China will not affect Maldives’s relations with its neighbors, said a visiting Maldivian Minister, the country’s Attorney General and the Ambassador in Sri Lanka here on Monday. They were defending the recently concluded  Free Trade Agreement with China which has drawn flak from the opposition parties […]

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