Sri Lanka, China Hambantota Port deal to position SL as maritime hub, says CCC

Sri Lanka, China Hambantota Port deal to position SL as maritime hub, says CCC

Colombo, Aug 15 (newsin.asia) – The Ceylon Chamber of Commerce, on Tuesday said it appreciated the steps taken to develop the Hambantota Port as a Public Private Partnership (PPP) as it marks an important step towards the goal of positioning Sri Lanka as a full-service maritime hub nation. In addition to the much-needed boost to […]

Sri Lanka may soon promote Ceylon Tea at London’s luxurious Harrods store

Sri Lanka may soon promote Ceylon Tea at London’s luxurious Harrods store

Colombo, Aug 13 – Sri Lanka is considering a proposal from Harrods, the luxury department store in London, for an in-store promotion of Ceylon tea as the island looks to break into the luxury market, Jeevani Siriwardene, director-general of Sri Lanka’s Export Development Board (EDB) said here recently. Speaking at the Colombo International Tea Convention to mark 150 […]

Long way to go for gender equality in Sri Lanka despite early start

Long way to go for gender equality in Sri Lanka despite early start

Sri Lanka has led the way to female liberation or gender equality in Asia in important ways, and has had an early start in comparison with other South Asian countries. Yet, gender equality remains a distant dream for the majority of its women, writes P.K.Balachandran in DailyFT. With economic development, spread of higher education, and […]

Bank of China to open its first Sri Lankan branch in Port City

Bank of China to open its first Sri Lankan branch in Port City

By Jamila Husain Colombo, Aug 10 (newsin.asia) – Bank of China, one of the biggest state owned commercial banks in China will open its first branch in Colombo this year in the presently constructed 1.4 billion dollar Port City, China’s Ambassador to Sri Lanka, Yi Xianliang said. The Bank would bring in an initial capital […]

Sri Lankan Foreign Minister resigns before facing No Trust Motion

Sri Lankan Foreign Minister resigns before facing No Trust Motion

Colombo, August 10 (newsin.asia):  The Sri Lankan Foreign Minister Ravi Karunanayake resigned on Thursday before facing a No Confident Motion against him submitted by the Joint Opposition Group for his alleged involvement in the 2015 Central Bank bond scam. Karunanayake made a Special Statement in parliament and then resigned from his post. In the statement […]

China enlarges its footprint in South Asia

China enlarges its footprint in South Asia

China is increasing its footprint throughout South Asia, with global power United States under Donald Trump becoming inward looking, and regional power India being hamstrung by financial constraints and bilateral political issues bedeviling  relations with its South Asian neighbors, writes P.k.Balachandran in Daily Mirror. Technically, the Sino-Lankan Concessional Agreement of July 29 over the funding […]

Arms industries in India, China and Pakistan need to modernize to be competitive

Arms industries in India, China and Pakistan need to modernize to be competitive

India, China and Pakistan have indigenous arms industries in order to sustain their independence and assert their power in the region and beyond, but they, China included, lag behind the West in terms of organizational structure and technology, writes P.K.Balachandran in www.southasianmonitor.com. Indeed, all three countries have come a long way from total dependence on […]

China says it will be better for India and Japan to link their Asia-Africa corridor with OBOR

China says it will be better for India and Japan to link their Asia-Africa corridor with OBOR

Beijing, August 3 (newsin.asia): China is not opposed to the Indo-Japanese Asia Africa Growth Corridor (AAGC) but would like it to be linked to its own One Belt One Road (OBOR) project, and that will be a sensible thing to do for India and Japan, writes Xiao Xin in Global Times. “Some who seek to […]

Sri Lankan opposition submits No Trust Motion against Foreign Minister Karunanayake

Sri Lankan opposition submits No Trust Motion against Foreign Minister Karunanayake

Colombo, August 3 (newsin.asia): Thirty two members of the Joint Opposition in the Sri Lankan parliament on Thursday submitted to the Speaker a Motion of No Confidence against Foreign Minister Ravi Karunanayake for alleged financial links with Arjuna Aloysius,  a stock broker involved in the 2015 Central Bank bond scam. Leader of the National Freedom […]

Confusion over Lankan port deals could stymie FDI in maritime sector

Confusion over Lankan port deals could stymie FDI in maritime sector

Colombo, August 3  (newsin.asia): Continuing confusion over the terms of foreign participation in the development of Sri Lanka’s ports, threatens to stymie Foreign Direct Investment (FDI) in the island nation’s maritime sector. It is not only the Hambantota port, but the Colombo port’s East Terminal and the to-be-constructed Trincomallee port have become victims of policy […]

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