Hambantota International Port (HIP) is fully prepared to support the expected surge in vehicle imports following the recent lifting of Sri Lanka’s import ban. With the local automotive market on the ...

Sri Lanka's foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state ...

The Belt and Road Initiative (BRI) projects executed in Sri Lanka by China have led to considerable financial investments in infrastructure ventures, particularly the Hambantota Port and Colombo ...

However, repayments on the Hambantota port loans – alongside all other loans – were halted for two years as a result of Sri Lanka’s sovereign default. The port is currently managed by ...

Sri Lanka's foreign minister said that the South Asian island nation had signed an agreement with Chinese state energy giant ...

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries ...

Key agreements include advancing Belt and Road Initiative (BRI) projects, such as Colombo Port City and Hambantota Port ... committed to assisting with Sri Lanka’s debt restructuring and ...

Hambantota International ... as a hub for bulk cargo distribution in Sri Lanka, with further growth expected by year-end. Gas operations at the port also flourished, with LPG volumes increasing ...

The Lekki Port LFTZ Enterprise Limited, promoter of Lekki Deep Seaport, has announced the appointment of Wang Qiang as its new Managing Director/Chief Executive Officer. Qiang will take over the ...

Over the past decade, China has undertaken landmark projects in Sri Lanka, including Colombo Port City, Hambantota Port, highways, power plants and water conservancy infrastructure. These projects ...

ECONOMYNEXT – Sri Lanka’s China-backed Hambantota International Port, says it is ready to facilitate vehicle imports which have been allowed from February 2024. In 2024, HIP had transshipped 579,362 ...

The projects failed to earn enough revenue to pay off the loans, and Sri Lanka leased the port in Hambantota to a state-owned Chinese company in 2017. The Winnipeg Sun's Daily Headline News Get ...