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China gives financing assurances to SL for IMF bailout loan after India’s move
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a US $2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to recover from its worst-ever economic crisis.
China takes over Colombo South Port development project
Colombo South Port is to be developed by China Merchant Port Company, its existing venture CICT and SLPA as a Public-Private-Partnership project with an investment of US $ 150 million.
SL’s fabric imports from India jump 50 percent with stable Chinese supply
Fabric imports by the south Asian island nation of Sri Lanka is to remain volatile during this year.
Business confidence in Sri Lanka hits rock bottom,
Business confidence in Sri Lanka is at its lowest in years, according to the chairman of the Ceylon Chambers of Commerce Vish Govindasamy.
Rubber exports slight decline to US $900 million in 2022 from $ 1 billion in 2021
Sri Lanka has earned Rs 327 billion (US $900 million) in 2022 by exporting rubber products and this was a slight drop from 2021 revenue of $1 billion, the Rubber Development Department DG Madawa Kulasuriya said.