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.
Sri Lanka has overlooked fuel security with the closure of the Sapugaskanda oil refinery for at least 120 days in 2021/22 due to the suspension of crude oil imports triggering an energy crisis that has led to island-wide rolling power cuts, several Ceylon Petroleum Corporation (CPC) engineers complained.
In a new twist soothing the tensions between China and India Indian ocean maritime security, Sri Lanka has asked China to indefinitely delay a visit by a ship with long-range scanning capabilities that can be used to map defense installations and help the Chinese military's strategic planning.
Sri Lanka’s worst economic crisis since independence is spinning off a “serious food crisis,” said World Food Programme Representative and Country Director Abdur Rahim Siddiqui, while describing a toxic mix of spiking prices, shrinking crop yields, the fallout of the war in Ukraine and a lack of state funds to pay for key supplies.