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China defends loans offered to Sri Lanka following US concerns on debt trap
China has defended the loans it has offered to Sri Lanka following concerns raised by the United States on unproductive development projects funded by China countrywide. .
SL’s first home-grown fully electric car to hit the streets soon
Sri Lanka's first home-grown fully electric car 'Moksha' was launched today as the most practical solution in the current technology transition phase towards a sustainable, carbon-neutral future.
Japan begins providing life-saving medicines to SL under US$1.5 billion aid
The Japanese government came forward to help Sri Lanka by providing US$ 1.5 million for essential medicines through UNICEF to meet the urgent needs of the population.
US extends US $180 million to Sri Lanka in emergency financing
Opaque (not transparent) loans for “headline-grabbing” infrastructure projects, were among the factors behind the current crisis that has engulfed Sri Lanka, said Samantha Power, Administrator, United States Agency for International Development (USAID), on Wednesday.
IFC provides US$ 150 million to expand SL broadband connectivity
Sri Lanka's premier connectivity provider, Dialog Axiata PLC (Dialog), is set to expand and improve broadband connectivity across the country with International Finance Corporation's (IFC) support.