Exclusive articles:
China asks India to ‘stop exerting pressure on SL citing security reasons
In the wake of Sri Lanka’s request to defer the planned docking of a high-tech Chinese research vessel at the strategic Hambantota Port, China on Monday took a dig at India, saying it was “senseless to pressure” Colombo by citing the issue of security concerns.
NITF’s reinsurance issue inflicts financial risks on SL General insurance
Sri Lanka general insurance companies are likely to face financial risks when settling claims for the insurance cover for various sectors as the foreign reinsurance contract of local company – reinsurer the National Insurance Trust Fund’s (NITF) has been terminated.
Chinese Exim Bank’s suspension of funding halts Central Expressway project
Sri Lanka’s Central Expressway construction project has met with an unavoidable obstacle following the decision of China's state-owned Exim Bank to suspend the US$ 51 million loan for the first phase of the project.
Chinese petrochemical company Sinopec to enter Lankan fuel market
Sinopec, the biggest petrochemical company in China, is likely to enter the Sri Lankan market for fuel importing, distribution and selling petroleum products, informed sources said.
JICA’s suspension of funding halts BIA expansion project by Taisei
The Bandaranaike International Airport (BIA) expansion project funded by the Japanese International Corporation Agency (JICA) has been suspended temporarily as the Government is not in a position to repay the loan.