Sri Lankan govt give Chinese company 50-year exclusivity for port logistics venture

May 02, 2023, at 04:42 am

Colombo: The Sri Lankan government has given the sole and exclusive rights to the Chinese state enterprise China Merchants Port Holdings Company for a logistics centre in the Port of Colombo for 50 years, media reports said.

Sri Lanka: 28 Chinese nationals arrested over online fraud

Apr 04, 2023, at 12:22 am

Colombo: Sri Lankan officials have arrested 28 Chinese nationals for being involved in online financial fraud.

Sri Lanka's sea cucumber industry is facing trouble: Reports

Jan 22, 2023, at 01:01 am

Colombo: Sri Lanka-based Centre for Strategic Studies- Trincomalee (CSST) reported that the sea cucumber fishing industry is slowly disappearing in the country.

China’s stand may deprive Sri Lanka of USD 2.9 bn from IMF in early 2023: CPA chief

Nov 19, 2022, at 02:48 am

Colombo: Executive Director of the Centre of Policy Alternatives (CPA) Dr. Paikiasothy Saravanamuttu has said  China’s unwillingness to accept the proposed debt restructuring might deprive economic-crisis-hit Sri Lanka of the USD 2.9 billion credit facility, from the IMF.

Sri Lankan PM describes China as a 'very special friend'

Sep 30, 2022, at 11:44 pm

Colombo: Sri Lankan PM Dinesh Gunawardena has described China as his nation's 'very special friend'.

Sri Lanka's worst economic crisis is accentuated by dependence on China

Apr 04, 2022, at 07:48 am

Sri Lanka is steadily plunging into a deep economic emergency but the unfolding crisis can act as an eye opener for those nations who are heavily depending on China's loans with the belief that the borrowing from the Asian giant can catapult them to prosperity.