Moreover, Sri Lanka’s decision to sign a 99-year lease with a Chinese state-owned company for the Hambantota port to service some of the billions it owes to Beijing has some observers concerned other developing nations doing business with China as part of China’s One Belt One Road initiative might …
Feb 01, Colombo: India’s Defense Minister Nirmala Sitharaman has expressed concerns over China’s plans in Sri Lanka, after the Sri Lanka handed over the operational control of its strategic southern port in Hambantota to a Chinese state-owned company in January. Hinting at security concerns over …
Hinting at security concerns over Sri Lanka handing over Hambantota Port to China, Indian Defence Minister Nirmala Sitharaman has raised doubts whether China would confine itself only to port activities in Sri Lanka, the Hindu reported today. “Whether …
She said the Sri Lankan government had handed over the port to China on a 99-year lease after having failed to repay a loan. On whether China setting up its ‘base’ in Hambantota port posed security threat to the country and whether India was prepared to face the threat, she said, “whether China will …
A top Japanese industry chief has called for “joint-action with other like-minded countries” to counter China’s growing influence in Sri Lanka revealing the island-nation’s leadership would welcome such an initiative as it looks for more investment from the private sector in Japan. “We must not stand …
COLOMBO, Jan. 25 (Xinhua) — China will invest 1 billion U.S. dollars to construct the first building complex in Sri Lanka’s Port City project in capital Colombo this year, Sri Lankan Minister of Megapolis and Western Development, Champika Ranawaka said here Thursday. The Port City project is being …
COLOMBO, Jan. 25 (Xinhua) — Sri Lanka’s tea exports to China surged 30 percent to 9.9 million kilograms in 2017 from the year before, making China the eighth biggest market for Ceylon tea, local media quoting the Sri Lanka Tea Board said on Thursday. Minister of Plantation Industries Naveen …
Jayasuriya said that China has been a close friend of Sri Lanka over the years and has assisted Sri Lanka in many ways. The Speaker said he expects the relationship between both countries to grow stronger with the appointment of the new Ambassador. Cheng Xueyuan assumed duties as Sri Lanka’s …
But many Sri Lankans are wary. Since 2009, the Chinese have financed and built ports, roads, railways and airports nationwide. Some ventures have been controversial: Mattala Rajapaksa International Airport has been dubbed the world’s emptiest. The projects left China owning US$8 billion in Sri …
COLOMBO, Jan. 19 (Xinhua) — Sri Lanka and China on Friday signed a joint venture agreement to construct Sri Lanka’s largest dendro power plant in Moneragala in the country’s south. The power plant will produce 70,000 megawatts of renewable energy per year to the country’s national power grid.