Sri Lanka: A country trapped in debt

Sri Lanka, China $1.1 bln port deal to boost FOREX, attract more investments

Colombo, July 31 (newsin.asia) - China's deal with Sri Lanka to acquire a 70 percent stake to develop the Hambantota Port in southern Sri Lanka for 1.12 billion US dollars will boost Sri Lanka's foreign-exchange reserves and help bolster investor confidence, an international rating agency said Monday. Moody's, in its latest report said earnings from the Hambantota Port stake sale will...

Sri Lanka joins China’s OBOR project with deal on Hambantota port

Sri Lanka joins China’s OBOR project with deal on Hambantota port

Colombo, July 30: With the signing of the amended agreement by the Sri Lanka Ports Authority (SLPA) and the China Merchant Port Holdings Company (CMPort) here on Saturday, Sri Lanka has well and truly joined China’s One Road One Belt (OBOR) multi-continental communications project, writes P.K.Balachandran in www.southasianmonitor.com With Pakistan, Bangladesh, Nepal and Myamnar also signing up for OBOR, India...

Points to ponder over Big Power connectivity projects

Points to ponder over Big Power connectivity projects

Asian rivals China and India are busy putting together intercontinental connectivity projects to enhance their economic and strategic power well beyond their borders, in pursuance of the goal to be the new Big Powers in the 21st Century aptly named the “Asian Century”, writes P.K.Balachandran in DailyFT.. China is touting its humongous One Belt One Road (OBOR) global connectivity project...

Hambantota port to be part of China’s One Belt One Road project: CMPort official

Hambantota port to be part of China’s One Belt One Road project: CMPort official

Colombo, July 29 (newsin.asia): Sri Lanka and China on Saturday signed an amended agreement on further building and running the controversial Hambantota port in South Sri Lanka. While Sri Lanka’s Ports Minister Mahinda Samarasinghe hailed the agreement as one which would help Sri Lanka financially, the Executive Vice President of the partner company China Merchant Group (CMG), Dr.Hu Jianhua, said...

Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday

Freshly minted Sino-Lankan agreement on Hambantota port to be put to parliament on Friday

Colombo, July 25 (newsin.asia): A freshly minted Sino-Sri Lankan agreement on the controversial Hambantota port will be submitted to the Sri Lankan parliament for a debate on Friday to secure political legitimacy for it, said the Minister of Ports, Mahinda Samarasinghe at a press briefing here on Tuesday. As per the new “Concessional Agreement” the Sri Lankan government via the Sri...

IMF warns Sri Lanka to tighten monetary policy if inflation, credit growth does not abate

IMF predicts Sri Lanka’s economy will accelerate in 2018

Colombo, July 25 - The International Monetary Fund (IMF) forecasts Sri Lankan economy to rebound in 2017 and accelerate in 2018, despite the lower than expected 3.8 percent GDP growth registered in the first quarter of 2017. The IMF has attributed the slow growth at the early part of the year to the lingering effect of drought which significantly contracted...

China goes in for radical economic and military reform

China goes in for radical economic and military reform

As war clouds gather over the Sino-Bhutan border where China’s real adversary is nuclear-armed India, China has announced its intention to thoroughly overhaul its military and economic structure and philosophy to meet challenges of the emerging world order, writes P.K.Balachandran in DailyFT. The idea is to make China’s economy and military meet needs arising from its expanding global interests as...

Travel goods from Sri Lanka to get duty free entry to US

Travel goods from Sri Lanka to get duty free entry to US

Colombo, July 21 (newsin.asia) - Export of travel goods from Sri Lanka will get duty free entry to the United States following a decision by the US to approve the inclusion of travel goods from all GSP (General System of Preferences) beneficiary countries, the Foreign Ministry said here Friday in a statement. The move would enable the duty-free entry of...

MOUs between Bangladesh and Sri Lanka need to be more than wish lists

MOUs between Bangladesh and Sri Lanka need to be more than wish lists

By Frances Bulathsinghala/www.southasianmonitor.com Colombo, July 19: Over two months after inking a Memorandum of Understanding (MoU) with its immediate neighbour India on cooperation in economic projects, Sri Lanka has now turned its attention on Bangladesh. Following his first State visit to Bangladesh after being elected in 2015, Lankan President Maithripala Sirisena by signing fourteen MoUs in diverse sectors last week,...

Page 78 of 95 177787995

Recommended

Login to your account below

Fill the forms bellow to register

Retrieve your password

Please enter your username or email address to reset your password.