The withdrawal marks another low point in U.S.-India ties after the billionaire’s indictment on charges related to fraud, and a blow to Washington’s bid to counter China’s regional clout.
Oliver’s Travels expands Sri Lanka portfolio
UK travel and tourism industry news, features, jobs, directories, events and awards for travel agencies and consortia, airlines and airports, tour operators, ocean and river cruise lines, luxury and …
Amid US bribery scandal, Gautam Adani takes BIG decision, cancels Rs 46912193604 loan for Sri Lanka’s….
Gautam Adani led Adani Ports and Special Economic Zone said it has withdrawn its request for $553 million funding from the US Development Finance Corporation for completing the port project in Sri …
Insurance regulation in Sri Lanka ‘developing with limited transparency’: Fitch Ratings
Sri Lanka’s regulatory environment for the insurance sector is regarded as “developing with limited transparency,” according to Fitch Ratings …
LankaPropertyWeb Celebrates Exceptional Service and Dedication of Sri Lankan Realtors
These agents have been advertising with us for over 6 years and possess extensive experience in the market. They are among the most respected and knowledgeable professionals, dedicated to serving …
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 …
Adani Ports drops $553 million US loan for Sri Lanka terminal, opts for internal funding
Adani Ports and Special Economic Zone (APSEZ) has withdrawn its $553 million loan request from the US Development Finance Corporation for the Colombo port project.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.