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Monday, March 25, 2019
SRI LANKA

SRI LANKA

Sri Lanka opens work on $3.85bn refinery near strategic port

Sri Lanka began construction Sunday of a nearly $4 billion oil refinery it hopes will revive foreign interest in its shipping facilities after Beijing's...

Sri Lanka signs $1-billion loan with China to build highway

Sri Lanka signed a $989-million loan with China's Exim Bank on Friday to build a highway linking the centre of the Indian Ocean island to a...

Sri Lanka Tamils demand foreign judges in war crimes probe

Sri Lanka's main minority Tamil party demanded Friday that foreign judges be included in a special court to investigate war crimes, a day after...

Sri Lanka accuses Singapore of sheltering suspect in trading scam

Sri Lankan President Maithripala Sirisena accused Singapore Monday of sheltering one of his country's former central bank chiefs wanted in connection with a high-profile...

Australia to launch Indian Ocean military exercises from Colombo

Australia will launch a seven-nation Indian Ocean military exercise next week, starting in Sri Lanka where China has invested in strategic ports and loaned...

Sri Lanka parliament finally approves 2019 budget

Sri Lanka's parliament on Tuesday approved the cash-strapped country's 2019 budget, which had been delayed by four months due to a power struggle triggered...

Japan to fund Sri Lankan light rail system

Japan's overseas development agency said Monday that it has agreed to lend funds for a new $1.5-billion light rail system for Sri Lanka's congested...

Sri Lanka raises $2.4bn as IMF extends bailout

Sri Lanka has raised $2.4 billion as it returned to the international bond market for the first time since a political crisis triggered rating...

Sri Lanka in bold bid to flush out open defecation

Sri Lanka's government allocated money to build toilets in over a quarter million homes Tuesday, under an ambitious project to flush out the practice...

IMF revives Sri Lanka bailout hit by power struggle

The International Monetary Fund on Friday revived a $1.5 billion bailout for Sri Lanka that was suspended over a government power struggle last year that...