Adani Ports and Special Economic Zone (APSEZ) has withdrawn its $553 million loan request from the US Development Finance Corporation for the Colombo port project. APSEZ will instead fund the project …
Gautam Adani indictment proving costly for the US? Adani Group says no to US loan to develop Sri Lanka port
Adani Ports opts out of DFC loan from the US, cutting American involvement in the development of the Colombo West International Terminal in Sri Lanka to counter Chinese influence …
Adani drops US financing for strategic Sri Lanka port
Gautam Adani’s conglomerate has said it will no longer tap $500mn in US development financing for a Sri Lankan port project after the group’s billionaire chair was accused of orchestrating a …
Sri Lanka President Dissanayake Picks India For First Foreign Visit After Taking Office
Jaishankar was the first foreign dignitary to visit Sri Lanka since the National People’s Power (NPP) government led by Dissanayake came to power on September 23.
Adani ends US tie-up on Colombo port meant to counter China
MUMBAI – Embattled billionaire Gautam Adani pulled out of a loan deal with an American agency to fund a port terminal in Sri Lanka’s capital, ending an agreement hailed a year ago as an effort by …
Adani Ports shares in focus as co withdraws $553 million US loan for Sri Lanka terminal
Adani Ports and Special Economic Zone (APSEZ) shares will remain in focus after the company withdrew its $553 million loan request from the US Development Finance Corporation (DFC) for the Colombo …
Sri Lanka Business Council of Maldives unlocks bilateral opportunities
The Sri Lanka Business Council of the Maldives (SLBCM) was officially launched on November 12, 2024, at Hotel Jen Male’. The …
Acuity continues to foster financial expertise with CFA Society Sri Lanka
Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics and technology solutions to the financial services sector, has reaffirmed …
Sri Lanka to obtain 200 million USD loan from ADB for power sector development
The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a …
Sri Lanka to obtain 200 million USD loan from ADB for power sector development
The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a …