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Japanese PM expresses confidence on SLs transformation to a service centre
Japanese Prime Minister Fumio Kishida expressed confidence that through economic stability and administrative reforms, the crises faced by the Government of Sri Lanka will end very soon and as a service centre in the Indian Ocean, Sri Lanka can be made into a state with great development.
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.