• Latest
  • Trending
India’s Investment In Colombo’s Eastern Container Terminal To Be A Private Sector FDI – Analysis

India’s Investment In Colombo’s Eastern Container Terminal To Be A Private Sector FDI – Analysis

January 11, 2021
Given America’s present and the past, Biden’s call for unity was timely

Given America’s present and the past, Biden’s call for unity was timely

January 23, 2021
Relevance of the English language in Sri Lanka

Relevance of the English language in Sri Lanka

January 23, 2021
Treading a fine line in big power rivalries

Treading a fine line in big power rivalries

January 23, 2021
Sri Lanka approves emergency use of Oxford- AstraZeneca vaccine. Image credits - Newswire

Sri Lanka approves emergency use of Oxford- AstraZeneca vaccine

January 22, 2021
“De-Fi”, Finance redefined

“De-Fi”, Finance redefined

January 22, 2021
Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

Ukrainians cancel visit to Sri Lanka over PCR concerns

January 22, 2021
Kamala Harris’ village in Tamil Nadu celebrates  inauguration

Kamala Harris’ village in Tamil Nadu celebrates inauguration

January 22, 2021
FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Google says it will shut search engine in Australia if forced to pay for news

January 22, 2021
A medical staff member receives a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at the CHIREC Delta Hospital in Brussels, Belgium January 21, 2021. REUTERS/Yves Herman

European Union to tighten travel curbs for virus hot spots as COVID-19 third wave fears mount

January 22, 2021
FILE PHOTO: People gather in the viewpoint in Leblon Beach, amid the coronavirus disease (COVID-19) outbreak in Rio de Janeiro, Brazil December 31, 2020. REUTERS/Pilar Olivares/File Photo

Brazil recorded a record number of divorces during the second half of 2020

January 22, 2021
India begins supply of COVID-19 vaccines to neighboring countries

India to donate COVID-19 vaccines for Sri Lanka front line workers

January 22, 2021
Fire kills five in Indian COVID-19 vaccine institute

Fire kills five in Indian COVID-19 vaccine institute

January 21, 2021
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Saturday, January 23, 2021
  • Login
  • Register
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Relevance of the English language in Sri Lanka

    Relevance of the English language in Sri Lanka

    Treading a fine line in big power rivalries

    Treading a fine line in big power rivalries

    Sri Lanka approves emergency use of Oxford- AstraZeneca vaccine. Image credits - Newswire

    Sri Lanka approves emergency use of Oxford- AstraZeneca vaccine

    Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

    Ukrainians cancel visit to Sri Lanka over PCR concerns

    Kamala Harris’ village in Tamil Nadu celebrates  inauguration

    Kamala Harris’ village in Tamil Nadu celebrates inauguration

    India begins supply of COVID-19 vaccines to neighboring countries

    India to donate COVID-19 vaccines for Sri Lanka front line workers

    Fire kills five in Indian COVID-19 vaccine institute

    Fire kills five in Indian COVID-19 vaccine institute

    A smoke rises from fire at Serum Institute of India in Pune, India January 21, 2021. REUTERS/Stringer

    Fire at India’s Serum Institute kills 5, AstraZeneca vaccine output unaffected

    A healthcare worker reacts as she receives a dose of AstraZeneca's COVISHIELD vaccine, produced by the Serum Institute of India, during the coronavirus disease (COVID-19) vaccination campaign at a medical centre in Mumbai, India, January 19, 2021. REUTERS/Francis Mascarenhas/File Photo

    South Africa to pay $5.25 a dose for AstraZeneca vaccine from India’s SII

  • World
    • All
    • Japan
    • Russia
    • United States
    Given America’s present and the past, Biden’s call for unity was timely

    Given America’s present and the past, Biden’s call for unity was timely

    Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

    Ukrainians cancel visit to Sri Lanka over PCR concerns

    FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

    Google says it will shut search engine in Australia if forced to pay for news

    A medical staff member receives a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at the CHIREC Delta Hospital in Brussels, Belgium January 21, 2021. REUTERS/Yves Herman

    European Union to tighten travel curbs for virus hot spots as COVID-19 third wave fears mount

    FILE PHOTO: People gather in the viewpoint in Leblon Beach, amid the coronavirus disease (COVID-19) outbreak in Rio de Janeiro, Brazil December 31, 2020. REUTERS/Pilar Olivares/File Photo

    Brazil recorded a record number of divorces during the second half of 2020

    Fire kills five in Indian COVID-19 vaccine institute

    Fire kills five in Indian COVID-19 vaccine institute

    BAGHDAD, IRAQ - JANUARY 21: Security forces stand guard at the explosion site after a suicide bombing attack in Baghdad, Iraq on January 21, 2021. (Photo by Murtadha Al-Sudani/Anadolu Agency via Getty Images)

    Rare twin suicide attack kills at least 28 in Baghdad

    Pope Francis leads the Angelus prayer on Epiphany, amid the coronavirus disease (COVID-19) outbreak, at the Vatican, January 6, 2021. Vatican Media/­Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY.

    Pope, due to visit Iraq in March, condemns Baghdad attack

    Full text  of  President Joe Biden’s inaugural address

    Full text of President Joe Biden’s inaugural address

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    © Bang Showbiz Priyanka Chopra Jonas

    Priyanka Chopra Jonas hints at shock role in The Matrix 4

    © Bang Showbiz Priyanka Chopra and Nick Jonas

    Priyanka Chopra wants Hollywood to embrace Asian stories

    Scarlet Witch (Elizabeth Olsen) and Vision (Paul Bettany) enjoy their own show on Disney Plus. Image credits - Marvel Studios

    WandaVision first reactions are in: A ‘tantalizing experiment’ for Marvel

    Photo Feature: Galle Face promenade comes to life at dusk

    Photo Feature: Galle Face promenade comes to life at dusk

    ‘The ability to sell an unfashionably uncynical heroine in an age of moral torpor’: Gal Gadot as Wonder Woman. Photograph: Clay Enos/AP

    Wonder Woman 1984 review – the superheroine 2020 needs

    Image: InnerSloth

    Nearly half a billion users played Among Us in November

    Image: CD Projekt Red

    Cyberpunk 2077 has sold more than 13 million copies, despite launch disaster and refunds

    © Sujit Jaiswal Bollywood actress Shriya Saran (C) and dancers perform for a music video in Mumbai in February. Pandemic restrictions have forbidden producers from shooting the elaborate musical sequences that are a hallmark of Hindi movies

    After a catastrophic year, Bollywood hopes for a 2021 comeback

    PHIs urge immediate border restriction for all 9 provinces in Sri Lanka

    PHIs urge immediate border restriction for all 9 provinces in Sri Lanka

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

    Ukrainians cancel visit to Sri Lanka over PCR concerns

    FILE PHOTO: People gather in the viewpoint in Leblon Beach, amid the coronavirus disease (COVID-19) outbreak in Rio de Janeiro, Brazil December 31, 2020. REUTERS/Pilar Olivares/File Photo

    Brazil recorded a record number of divorces during the second half of 2020

    Sri Lanka airports officially open for tourists. Image credits - Anadolu Agency

    Airports in Sri Lanka officially open for tourists

    FILE PHOTO: An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France, October 19, 2017. REUTERS/Regis Duvignau/File Photo

    IndiGo tightens grip in India and targets growth abroad

    India begins supply of COVID-19 vaccines to neighboring countries

    India begins supply of COVID-19 vaccines to neighboring countries

    FILE PHOTO: NASA's Space Launch System mobile launcher stands atop Launch Pad 39B for months of testing before it will launch the SLS rocket and Orion spacecraft on mission Artemis 1 at the Kennedy Space Center in Cape Canaveral, Florida, U.S., July 1, 2019. REUTERS/Thom Baur/File Photo

    NASA’s Boeing moon rocket cuts short ‘once-in-a-generation’ ground test

    India begins first phase of vaccination to cover 30 million people

    India begins first phase of vaccination to cover 30 million people

    Without Right Messaging, Masks Could Lead To More COVID-19 Spread. Image credits - Eurasia Review

    Without Right Messaging, Masks Could Lead To More COVID-19 Spread

    A chef prepares a sandwich with a marijuana leaf at Abhaibhubejhr hospital canteen which adds cannabis infused dishes to its menu after cannabis leaves, stems, stalks and roots were officially removed from Thailand's narcotics list, allowing basically any part of the plant except for the buds to be used for consumption in Prachin Buri province, outside Bangkok, Thailand January 15, 2021. REUTERS/Jorge Silva

    Thailand serves up cannabis cuisine to happy customers

    What’s in a name?

    What’s in a name?

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    “De-Fi”, Finance redefined

    “De-Fi”, Finance redefined

    FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

    Google says it will shut search engine in Australia if forced to pay for news

    Rege-Jean Page and Phoebe Dynevor are seen in an undated handout still from the Netflix series "Bridgerton". Netflix/Handout via REUTERS

    Netflix forecasts an end to borrowing binge, shares surge

    Turkish messaging app booms in Bangladesh

    Turkish messaging app booms in Bangladesh

    James Howells mined bitcoin for four years. BBC News

    Man who threw hard drive with 7,500 bitcoin offers $70 million to dig it from the city dump

    FILE PHOTO: The Whatsapp logo and binary cyber codes are seen in this illustration taken November 26, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

    WhatsApp to delay launch of update business features after privacy backlash

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Relevance of the English language in Sri Lanka

    Relevance of the English language in Sri Lanka

    Treading a fine line in big power rivalries

    Treading a fine line in big power rivalries

    Sri Lanka approves emergency use of Oxford- AstraZeneca vaccine. Image credits - Newswire

    Sri Lanka approves emergency use of Oxford- AstraZeneca vaccine

    Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

    Ukrainians cancel visit to Sri Lanka over PCR concerns

    Kamala Harris’ village in Tamil Nadu celebrates  inauguration

    Kamala Harris’ village in Tamil Nadu celebrates inauguration

    India begins supply of COVID-19 vaccines to neighboring countries

    India to donate COVID-19 vaccines for Sri Lanka front line workers

    Fire kills five in Indian COVID-19 vaccine institute

    Fire kills five in Indian COVID-19 vaccine institute

    A smoke rises from fire at Serum Institute of India in Pune, India January 21, 2021. REUTERS/Stringer

    Fire at India’s Serum Institute kills 5, AstraZeneca vaccine output unaffected

    A healthcare worker reacts as she receives a dose of AstraZeneca's COVISHIELD vaccine, produced by the Serum Institute of India, during the coronavirus disease (COVID-19) vaccination campaign at a medical centre in Mumbai, India, January 19, 2021. REUTERS/Francis Mascarenhas/File Photo

    South Africa to pay $5.25 a dose for AstraZeneca vaccine from India’s SII

  • World
    • All
    • Japan
    • Russia
    • United States
    Given America’s present and the past, Biden’s call for unity was timely

    Given America’s present and the past, Biden’s call for unity was timely

    Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

    Ukrainians cancel visit to Sri Lanka over PCR concerns

    FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

    Google says it will shut search engine in Australia if forced to pay for news

    A medical staff member receives a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at the CHIREC Delta Hospital in Brussels, Belgium January 21, 2021. REUTERS/Yves Herman

    European Union to tighten travel curbs for virus hot spots as COVID-19 third wave fears mount

    FILE PHOTO: People gather in the viewpoint in Leblon Beach, amid the coronavirus disease (COVID-19) outbreak in Rio de Janeiro, Brazil December 31, 2020. REUTERS/Pilar Olivares/File Photo

    Brazil recorded a record number of divorces during the second half of 2020

    Fire kills five in Indian COVID-19 vaccine institute

    Fire kills five in Indian COVID-19 vaccine institute

    BAGHDAD, IRAQ - JANUARY 21: Security forces stand guard at the explosion site after a suicide bombing attack in Baghdad, Iraq on January 21, 2021. (Photo by Murtadha Al-Sudani/Anadolu Agency via Getty Images)

    Rare twin suicide attack kills at least 28 in Baghdad

    Pope Francis leads the Angelus prayer on Epiphany, amid the coronavirus disease (COVID-19) outbreak, at the Vatican, January 6, 2021. Vatican Media/­Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY.

    Pope, due to visit Iraq in March, condemns Baghdad attack

    Full text  of  President Joe Biden’s inaugural address

    Full text of President Joe Biden’s inaugural address

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    © Bang Showbiz Priyanka Chopra Jonas

    Priyanka Chopra Jonas hints at shock role in The Matrix 4

    © Bang Showbiz Priyanka Chopra and Nick Jonas

    Priyanka Chopra wants Hollywood to embrace Asian stories

    Scarlet Witch (Elizabeth Olsen) and Vision (Paul Bettany) enjoy their own show on Disney Plus. Image credits - Marvel Studios

    WandaVision first reactions are in: A ‘tantalizing experiment’ for Marvel

    Photo Feature: Galle Face promenade comes to life at dusk

    Photo Feature: Galle Face promenade comes to life at dusk

    ‘The ability to sell an unfashionably uncynical heroine in an age of moral torpor’: Gal Gadot as Wonder Woman. Photograph: Clay Enos/AP

    Wonder Woman 1984 review – the superheroine 2020 needs

    Image: InnerSloth

    Nearly half a billion users played Among Us in November

    Image: CD Projekt Red

    Cyberpunk 2077 has sold more than 13 million copies, despite launch disaster and refunds

    © Sujit Jaiswal Bollywood actress Shriya Saran (C) and dancers perform for a music video in Mumbai in February. Pandemic restrictions have forbidden producers from shooting the elaborate musical sequences that are a hallmark of Hindi movies

    After a catastrophic year, Bollywood hopes for a 2021 comeback

    PHIs urge immediate border restriction for all 9 provinces in Sri Lanka

    PHIs urge immediate border restriction for all 9 provinces in Sri Lanka

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Ukrainians cancel visit to SL over PCR concerns. Image credits - Anadolu Agency

    Ukrainians cancel visit to Sri Lanka over PCR concerns

    FILE PHOTO: People gather in the viewpoint in Leblon Beach, amid the coronavirus disease (COVID-19) outbreak in Rio de Janeiro, Brazil December 31, 2020. REUTERS/Pilar Olivares/File Photo

    Brazil recorded a record number of divorces during the second half of 2020

    Sri Lanka airports officially open for tourists. Image credits - Anadolu Agency

    Airports in Sri Lanka officially open for tourists

    FILE PHOTO: An IndiGo Airlines Airbus A320 aircraft takes off in Colomiers near Toulouse, France, October 19, 2017. REUTERS/Regis Duvignau/File Photo

    IndiGo tightens grip in India and targets growth abroad

    India begins supply of COVID-19 vaccines to neighboring countries

    India begins supply of COVID-19 vaccines to neighboring countries

    FILE PHOTO: NASA's Space Launch System mobile launcher stands atop Launch Pad 39B for months of testing before it will launch the SLS rocket and Orion spacecraft on mission Artemis 1 at the Kennedy Space Center in Cape Canaveral, Florida, U.S., July 1, 2019. REUTERS/Thom Baur/File Photo

    NASA’s Boeing moon rocket cuts short ‘once-in-a-generation’ ground test

    India begins first phase of vaccination to cover 30 million people

    India begins first phase of vaccination to cover 30 million people

    Without Right Messaging, Masks Could Lead To More COVID-19 Spread. Image credits - Eurasia Review

    Without Right Messaging, Masks Could Lead To More COVID-19 Spread

    A chef prepares a sandwich with a marijuana leaf at Abhaibhubejhr hospital canteen which adds cannabis infused dishes to its menu after cannabis leaves, stems, stalks and roots were officially removed from Thailand's narcotics list, allowing basically any part of the plant except for the buds to be used for consumption in Prachin Buri province, outside Bangkok, Thailand January 15, 2021. REUTERS/Jorge Silva

    Thailand serves up cannabis cuisine to happy customers

    What’s in a name?

    What’s in a name?

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    “De-Fi”, Finance redefined

    “De-Fi”, Finance redefined

    FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

    Google says it will shut search engine in Australia if forced to pay for news

    Rege-Jean Page and Phoebe Dynevor are seen in an undated handout still from the Netflix series "Bridgerton". Netflix/Handout via REUTERS

    Netflix forecasts an end to borrowing binge, shares surge

    Turkish messaging app booms in Bangladesh

    Turkish messaging app booms in Bangladesh

    James Howells mined bitcoin for four years. BBC News

    Man who threw hard drive with 7,500 bitcoin offers $70 million to dig it from the city dump

    FILE PHOTO: The Whatsapp logo and binary cyber codes are seen in this illustration taken November 26, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

    WhatsApp to delay launch of update business features after privacy backlash

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
No Result
View All Result
NewsIn.Asia
No Result
View All Result
Home Business

India’s Investment In Colombo’s Eastern Container Terminal To Be A Private Sector FDI – Analysis

Editor by Editor
January 11, 2021
in Business, Development news, Diplomacy, India, Sri Lanka, Top Story, Uncategorized
Reading Time: 4min read
3 0
India’s Investment In Colombo’s Eastern Container Terminal To Be A Private Sector FDI – Analysis

Colombo Port. Photo.SL govt

Share on WhatsApp

By P.K.Balachandran

Colombo, January 11: The Indian Foreign Minister S. Jaishankar has told the Sri Lankans that India wants Sri Lanka to view Indian involvement in the Eastern Container Terminal (ECT) in Colombo port as a Foreign Direct Investment (FDI) in a Joint Venture with Japan and the Sri Lanka Ports Authority (SLPA), a top government official said.

This assertion is significant given the Sri Lankan nationalist opposition to involving “India” in the construction and running of the ECT. In Sri Lanka, it is generally presumed that the Indian State is taking a stake in the ECT, while in fact, the Indian partner in the Joint Venture with Sri Lanka and Japan will be a private company (presumably the Adanis).

Jaishankar was in Sri Lanka on a three-day trip from January 5 to 7.

The Indian line is entirely in accord with the policy of the Sri Lankan President Gotabaya Rajapaksa, who has told every visiting foreign dignitary, including the Chinese, that Sri Lanka would like to have investments rather than loans for its development.

Twenty seven trade unions instigated by the ultra-nationalistic (basically anti-India and anti-West) Janatha Vimukthi Peramuna (JVP) have been agitating against the deal on the grounds that it is a “sellout” of a national asset to India.  

The workers are now trying to rope in Buddhist monks, a strong nationalistic group, in their campaign, the official said.If the Buddhist monks join, the ruling Sri Lanka Podujana Peramuna (SLPP) will be in a fix as the monks are an important part of its core Sinhala-Buddhist electoral constituency.

The JVP and the workers are exploiting the fact that the ruling SLPP had come to power in the November 2019 Presidential election and the August 5 parliamentary elections with a pledge that it’s government will not barter away national assets like ports and airports to other countries. Such a pledge was given following SLPP’s trenchant criticism against the leasing out of the Hambantota port to a Chinese company. The Chinese company was granted a stake of 85% and the lease was for 99 years.

However, government now feels that this principle about not giving national assets to foreign entities cannot be applied uniformly across the board covering all foreign investments. As a top official put it: “If no foreign entity is allowed to use a national asset, Sri Lanka will not get any foreign investment!”

As envisaged in the May 2019 Memorandum of Cooperation (MoC) on the ECT between India, Sri Lanka and Japan, the Sri Lanka Ports Authority (SLPA) was to have 51% share in the company to be formed for the management of the terminal; India was to get 15%, and the rest was to be held by Japan. Japan was to give a loan at 0.1% interest. From the Indian side, the investor was to be Adani though this was not acknowledged publicly.

However, in 2020, after the change of government, port workers instigated by the JVP, went on strike against the “sell out” to India and disrupted work in the port which was already suffering from congestion.

Speaking to The Sunday Morning, All Ceylon General Ports Employees’ Union (ACGPEU) Deputy General Secretary G. Niroshan claimed that as per the cabinet proposal submitted by Minister of Ports Rohitha Abeygunawardena, the Government was planning to hand over the operation to India’s Adani Group. Even though the MoC of 2019 says that the ECT would be operated by India, Japan, and Sri Lanka, it is revealed that India is trying to take the majority of the shares and gain full control of the terminal, the union leader alleged

On the claim made by the authorities that only 49% of the shares would be given to India and Japan and the rest would be in the hands of the SLPA, trade union members stressed that the ECT should be kept with the SLPA. Not even 1% should be handed over to India, the unions added.

Prime Minister Mahinda Rajapaksa met the workers and assured them that he would not sell away ECT to any foreign entity. Last week, he reiterated this in parliament. He charged the earlier government of entering into the MoC without consulting the Ports Ministry. But he was wrong there. The MoC was signed by the then Minister of Ports Sagala Ratnayake.

Later, Mahinda Rajapaksa told parliament that there is no decision to vest the East Container Terminal in its entirety or partially with a foreign entity or to hand over its management. Rajapaksa did not point out that the May 2019 MoC did not mean that the ECT would be owned by foreigners. It would be owned by the SLPA with 51% majority stake.

According to the Chairman of the SLPA, Maj.Gen.Rtd Daya Ratnayake, two committees are looking into various issues involved in the development of the ECT and among the issues was the possibility of including Sri Lankan companies as partners. John Keells is already partnering SLPA in running a terminal in Colombo port, the South Asia Gateway Terminal (SAGT).

A top official said that these committees would have to finish their work quickly as there is an urgent need to finish the construction  of the ECT. Due to overcrowding and the shortage of workers due to COVID restrictions, many container vessels have been by-passing Colombo port denying the latter much needed income, shipping industry sources said.

Meanwhile, government is gearing itself for a showdown with the workers’ unions in case they go on strike again. Recently it declared port work as an essential service thereby making strikes illegal (Eurasia Review)

Tags: Eastern Container TerminaltIndiasSri Lanka
SendShare9Tweet1ShareShare
Editor

Editor

Recommended Articles

  • All
  • Recommend
Given America’s present and the past, Biden’s call for unity was timely

Given America’s present and the past, Biden’s call for unity was timely

January 23, 2021
Full text  of  President Joe Biden’s inaugural address

Full text of President Joe Biden’s inaugural address

January 21, 2021
Geo-political dimensions of Pakistan PM’s visit to Sri Lanka

Geo-political dimensions of Pakistan PM’s visit to Sri Lanka

January 20, 2021
India begins supply of COVID-19 vaccines to neighboring countries

India begins supply of COVID-19 vaccines to neighboring countries

January 19, 2021
Adani and Ambani caught in the Indian farmers’ storm

Adani and Ambani caught in the Indian farmers’ storm

January 19, 2021
Clashing demands from Sri Lanka pose a serious challenge to UNHRC

Clashing demands from Sri Lanka pose a serious challenge to UNHRC

January 19, 2021

Advertorial

  • All
  • Advertorial
Visual and Textual Analysis for Images with Reverse Search Tools

Visual and Textual Analysis for Images with Reverse Search Tools

January 3, 2021

Popular Now

  • Kamala and Rohini:  The Indo-Lankan combo in the US Vice President’s Office

    Kamala and Rohini: The Indo-Lankan combo in the US Vice President’s Office

    136 shares
    Share 88 Tweet 20
  • Covid-19: PHIs in Sri Lanka warn of critical time in coming weeks

    21 shares
    Share 9 Tweet 5
  • Indonesia’s Islamic body deems Sinovac vaccine ‘holy and halal’

    19 shares
    Share 8 Tweet 5
  • HSBC to close 82 branches this year

    13 shares
    Share 6 Tweet 3
  • Dire need to understand how the world’s ports and shipping work

    71 shares
    Share 60 Tweet 5
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In