Hanif Yusoof, Sri Lanka’s Presidential Special Envoy for Foreign Investors, tells CNA that Colombo Port City is central to the country’s plan to reposition itself as a services hub for South Asia.

(Bloomberg) -- Sri Lankans go to the polls this weekend for the country’s first election since defaulting on piles of sovereign debt in 2022, when the nation plunged into its worst economic crisis ...

BEIJING (AP) — Sri Lanka and China signed a series of cooperation agreements on Wednesday following talks between their leaders, one month after Sri Lankan President Anura Kumara Dissanayake made ...

Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that worries many, including its giant neighbour India. The long-delayed $1.1 ...

And then the port became China’s. Rajapaksa was voted out of office in 2015, but Sri Lanka’s new government struggled to make payments on the debt he had taken on. Under heavy pressure and after ...

Sri Lanka is set to end tax breaks for the Port City Colombo project being implemented by a Chinese state-run firm as part of commitments under an International Monetary Fund (IMF) bailout package, a ...

Anura Kumara Dissanayake was sworn in on Monday as the new president of Sri Lanka after the country’s national elections this weekend. The 55-year-old self-described Marxist ran as an outsider from ...

The Colombo Port City development is billed as the 'gateway to Asia' - Copyright AFP Ishara S. KODIKARA The Colombo Port City development is billed as the 'gateway to ...