Sri Lanka brings back offer of developing deep-sea port to India and Japan
Sri Lanka is once again offering a strategically located deep-sea port to India and Japan as the island seeks to balance traditional ties against China’s rising regional influence. The government…
Sri Lanka seeks $2.2 bn from China as reserves shrink
Sri Lanka is seeking $2.2 billion from Chinese banks, the government said Thursday, in echoes of a borrowing binge more than a decade ago that resulted in the country having…
Bandwagoning with China: Geopolitics of a container terminal in Sri Lanka
By Asanga Abeyagoonasekera It is rather unusual for trade union leaders to speak geopolitics. “Geopolitics should not be a determinant factor for us to lease our own East Container Terminal…
India Has Its Way On Chinese Projects In North Sri Lanka – Analysis
India has got even with China by bagging the West Container Terminal and making Sri Lanka yield to its security concerns over Chinese power projects in the islands off Jaffna.…
Huawei founder praises U.S. tech in first word from company since Biden inauguration
(Reuters) – The United States remains a “beacon of technology” to be emulated and China’s Huawei Technology should consider cutting products in the wake of U.S. actions against it, the…
Global electricity generation from coal is set to drop by the largest amount on record in 2020
Global coal generation is estimated to fall by 5% in 2020 to 2012 levels, marking the largest annual decrease on record, the International Energy Agency (IEA) estimated in a new…
Sri Lanka targets $2.5 B FDI in 2021
Sri Lanka targets $2.5 billion worth of Foreign Direct Investments (FDI) in 2021 backed by committed investments from Chinese firms. “We are targeting at least $2.5 billion in FDI inflows,…
Sri Lanka Will Manage its looming debt crunch without IMF Support – Cabraal
The State Minister of Money Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal reiterated that the Government is able to manage the debt servicing with the available without resorting…