china

China Harbour Engineering Company to respond to discussion on environmental impact of Port City Project
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Verité Research will be hosting the seminar “Colombo Port City Project: The Environmental Narrative” this week, featuring guest speaker Professor Naazima Kamardeen from the Faculty of Law at the University of Colombo. The seminar will highlight the gap in public...
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Foreign debt vulnerability and indebtedness to China
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Taken from The SundayTimes The country’s external financial vulnerability is the most serious economic concern. Although the country is able to meet its massive debt repayment obligations of over US$ 5 billion this year, by further borrowing that would enhance...
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Sri Lanka urged to develop own narrative of China’s BRI
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Taken From DailyMirror Business Image Courtesy - DailyMirror Sri Lanka needs to develop its own narrative of China’s Belt and Road Initiative (BRI), which is neither over-shadowed by reports from Western media nor reports circulated from China, while holding the...
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Sri Lanka seeks regional bailout as balance of payments crisis looms
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Colombo looks to India and China for financial assistance and renegotiates with IMF Taken from Nikkei Asian Review Image courtesy of Reuters MARWAAN MACAN-MARKAR, Asia regional correspondent COLOMBO -- Sri Lanka is turning to key Asian allies for a financial...
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Cabinet approval to raise $2 Billion through sovereign bonds – Eran
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Taken from News1st Written by Staff Writer COLOMBO (News 1st) – The “Economynext” quoting the State Minister of Finance Eran Wickremeratne says Sri Lanka’s cabinet of ministers has given the nod to raise $2 Billion through sovereign bonds. Economy next...
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Chinese debt is not Sri Lanka’s biggest problem – Verité Research
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Taken from News1st Written by Staff Writer Colombo (News 1st) – New information has come to light revealing that loans from China are not the main source of the debt trap that Sri Lanka is caught in at present. Director of Verité...
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Chinese loans not main source of debt trap, says think tank
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Taken from Daily Mirror Funds borrowed through ISBs at higher rates outweigh loans from China ISB debt growth caused by shift from concessional debt to commercial debt  Price of debt  more crucial than quantity of debt- Verité Research By Shabiya...
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Belt and Road Initiative spurs Sri Lanka’s growth
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Chinese Ambassador Cheng Xueyuan addressing the gathering . Pix: Courtesy BCIS Taken from Sunday Observer  BY VISHWA AUWARDS Sri Lanka is one of the first countries to join with the Belt and Road Initiative (BRI) said the Chinese Ambassador in...
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