The Colombo port also has a terminal run by China Merchants Port Holdings. Another Chinese project, a luxury oceanside development spanning over 269 hectares of reclaimed land called Port City, is …
U.S. Finance Agency Lends to Sri Lankan Port to Counter Chinese Influence
The U.S. International Development Finance Corporation is joining forces with the Adani Group, strengthening ties to India and an embattled conglomerate.
Taxation reforms played significant role in Sri Lanka’s transformation – Minister Semasinghe
In the face of economic challenges, Sri Lanka is on the brink of a transformative journey towards financial resilience and stability.
US to invest $553m in Sri Lankan container terminal
The US International Development Finance Corporation says it will invest $553m in a container terminal in the Sri Lankan capital, Colombo.
Afghanistan’s dazzling World Cup 2023 run captivates cricket
Afghanistan’s dream run in the Cricket World Cup includes victories against former champions England, Pakistan and Sri Lanka. Tuesday’s defeat to Australia may have dented their semi-final hopes, but …
Property tax likely to be chosen over comprehensive wealth tax: KPMG
As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri …
Sri Lanka cement producer sees recovery begin amid rupee stability
ECONOMYNEXT- Sri Lanka’s Tokyo Cement said it was seeing a ” considerable increase in demand” as construction activity started to resume, with the exchange rate stabilizing and costs falling. The …
US invests US$553 million in Gautam Adani’s Sri Lanka port to curb China’s influence
The deepwater West Container Terminal in Colombo is the US government agency’s largest infrastructure investment in Asia, and among its biggest globally.
Port City Colombo signs MoU to attract Investors at “Invest Sri Lanka – Retire Sri Lanka” event in Singapore
“Invest Sri Lanka – Retire Sri Lanka” – an event focused on attracting investment to Sri Lanka was held in Singapore, recently. The event served as the backdrop for the signing of a Memorandum of …
U.S. to build $553M terminal in Sri Lanka to compete with China’s Belt and Road
The U.S. announced a $553M project Wednesday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in international development financing.