Recent Comments

    Home » 2018 » May (Page 2)

    Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study

    Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study

    Sri Lanka has been classified as a highly vulnerable country to debt distress of China’s Belt and Road Initiative (BRI) in a recent study published by the Center for Global…

    May 21, 2018No CommentRead More

    Lanka IOC prepared to set own fuel prices to minimise losses

    Lanka IOC prepared to set own fuel prices to minimise losses

    Sri Lankan fuel retailer Lanka IOC will be forced to implement its own pricing mechanism to minimise losses if the government fails to implement its proposed fuel price formula, the…

    May 20, 2018No CommentRead More

    Seabased rides Sri Lanka wave

    Seabased rides Sri Lanka wave

    Swedish wave energy company Seabased is working with Infocom Connect to develop renewables projects in Sri Lanka. The first project the partners will work on is a 1-to-5MW wave project…

    May 19, 2018No CommentRead More

    Sri Lanka – Dominica Diplomatic Relations begins

    Sri Lanka – Dominica Diplomatic Relations begins

    The Government of Sri Lanka and the Government of Dominica established Diplomatic Relations on last Tuesday (17th April). Both governments decided to establish the diplomatic relations upon the signing of…

    May 18, 2018No CommentRead More

    US$100 million World Bank loan to modernize Sri Lanka’s education system

    US$100 million World Bank loan to modernize Sri Lanka’s education system

    The World Bank will give a loan of US$100 million to modernise Sri Lanka’s education system in keeping with social and economic changes with more focus on subjects critical for…

    May 17, 2018No CommentRead More

    China Harbour Engineering to construct 7-star Achilleion project

    China Harbour Engineering to construct 7-star Achilleion project

     Sri Lankan real estate player Blue Mountain has signed an agreement with China Harbour Engineering Company Ltd. (CHEC) to build Achilleion, its Seven Star Luxury Project. Press release issued by Blue Mountain…

    May 16, 2018No CommentRead More

    Sri Lanka hits record US1.9bn FDI in 2017 with China, Singapore

    Sri Lanka hits record US1.9bn FDI in 2017 with China, Singapore

    Sri Lanka’s record 1.9 billion US dollars in foreign direct investment were driven by China, Singapore, India and Hong Kong but there were also steep increases from many countries. Chinese…

    May 15, 2018No CommentRead More

    Nearly 100,000 Chinese tourists visit Sri Lanka up to April

    Nearly 100,000 Chinese tourists visit Sri Lanka up to April

    The Chinese news agency Xinhua reported that nearly 100,000 Chinese tourists visited Sri Lanka till April this year, making China among the top three countries generating the most number of…

    May 14, 2018No CommentRead More

    Tourist arrivals grow 16% in first quarter this year

    Tourist arrivals grow 16% in first quarter this year

    The tourist season for Sri Lanka’s east coast is fast approaching with Arugam Bay being the center of attraction for surfers. It’s a very popular surfing destination among European and…

    May 13, 2018No CommentRead More

    Sri Lanka approves plans for three LNG power plants

    Sri Lanka approves plans for three LNG power plants

    The Sri Lankan government has approved plans to set up three liquefied natural gas (LNG) power plants with a total capacity of 1,400 megawatts in government-to-government deals with China, India…

    May 12, 2018No CommentRead More

    Page 2 of 41234