India counters China in Sri Lanka with $700 million port deal
Colombo (AFP) An Indian company entered into a $700 million deal Thursday to build a strategic deep-sea container terminal inContinue Reading
Category: Business
China infrastructure drive traps poor nations with $385 bn ‘hidden debt’: study
(AFP)-China’s ambitious foreign infrastructure push has saddled poor nations with “hidden debt” worth $385 billion, and more than a thirdContinue Reading
Sri Lanka appeals to exporters to repatriate earnings quickly
COLOMBO, Sept 28 (Reuters) – Sri Lanka on Tuesday appealed to exporters to speed up repatriation of earnings as aContinue Reading
BP says nearly a third of its UK service stations are out of fuel
BRIGHTON, England, Sept 26 (Reuters) – BP said nearly a third of its British service stations had run out ofContinue Reading
Sri Lanka’s Apparel Industry on Tenterhooks Over EU Trade Scrutiny
COLOMBO (Reuters) – Sri Lanka’s preferential trade access to the European Union, which is the biggest market for its $5Continue Reading
Fears grow for China Evergrande after interest deadline missed
SINGAPORE/SHANGHAI, Sept 24 (Reuters) – China Evergrande inched closer on Friday to the potential default that investors fear, missing aContinue Reading
U.S. infrastructure firm New Fortress signs LNG supply deal for Sri Lankan gas-fired power plant
U.S. infrastructure firm New Fortress Energy will invest in a gas-fired power plant and proposed liquefied natural gas (LNG) supplyContinue Reading
Global stocks sink gripped by contagion fears from the expected collapse of debt-plagued Chinese property giant Evergrande
(AFP)-World stocks sank Monday as trading floors were gripped by contagion fears from the expected collapse of debt-plagued Chinese propertyContinue Reading
Apple’s next iPhone mirrors last year’s, adds more storage
SAN RAMON, Calif. (AP) — Apple unveiled its next iPhone line-up, including a model that offers twice the storage availableContinue Reading
Sri Lanka central bank chief quits as forex crisis worsens
Sept 12 (AFP) Sri Lanka’s central bank chief resigned Friday over “political and personal issues” as a foreign exchange crisisContinue Reading
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