Sri Lanka’s President Anura Kumara Dissanayake is greeted by China’s Deputy Foreign Minister Chen Xiaodong upon his arrival ...

China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with ...

Sri Lanka will receive its largest FDI from China with a $3.7 billion investment in an oil refinery under China's BRI.

Sri Lanka was the original poster child for the myth of the Chinese debt-trap, which has now been thoroughly debunked by both local and foreign experts. The truth is that the cause for Sri Lanka’s ...

In the first elections held since the collapse of the Sri Lankan economy in 2022 and its default on external debt, AKD secured ... Mike Pompeo visited Sri Lanka for a 12-hour trip, during which he ...

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island ...

Sri Lanka’s debt portfolio is complex and its outstanding debt to China and India accounted for 18 percent of total external debt (59 percent of bilateral loans) in September 2022 (Figure 1).

Dissanayake came to power in September and consolidated his power after his party won a landslide in snap parliamentary polls ...

Initially, Beijing wanted Colombo to set its financial house in order.As of August 2024, China’s share of Sri Lanka’s foreign debt was reportedly 20%. However, in June 2024, Sri Lanka restructured ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday.

He said Sri Lanka would seek China’s support to digitalise the state-run televisions—the Sri Lanka Rupavahini Corporation and the Independent Television Network. The revival of road development ...