COLOMBO, Sri Lanka (AP) — Sri Lanka’s Parliament on Thursday passed a law installing a powerful economic commission to administer a huge Chinese luxury oceanside development after altering elements of ...

By Charumini de Silva CHEC Port City Colombo Deputy Managing Director Thulci Aluwihare said Colombo Port City is now ...

COLOMBO, July 2 (Reuters) - Sri Lanka is shifting a naval base to a port built and controlled by China, it said on Monday, a move that will strengthen security at a harbour that foreign powers fear ...

Sri Lanka recently announced that a major development project, suspended since March 2015, will finally resume. The Colombo Port City Project, a $1.4 billion deal, is supported by a state-owned ...

Since the return of the Rajapaksa brothers to office as president and prime minister in Sri Lanka, Colombo’s relations with China have improved dramatically. Earlier in the week, the Sri Lankan ...

As Sri Lanka confronts the heartbreaking aftermath of Cyclone Ditwah, one of the most devastating natural disasters in the ...

Sri Lanka is using a $1.4 billion Chinese investment to start building a new metropolis. The full project, scheduled for completion in 2041, could end up costing about $15 billion. At 665 acres, the ...

COLOMBO, Nov 13 (Reuters) - Sri Lanka will sign $2 billion worth foreign direct investment (FDI) deals, including the $1.3 billion investment from China Communications Construction Co Ltd to build a ...

Sri Lanka’s Supreme Court on Monday began hearing petitions challenging President Gotabaya Rajapaksa’s plan to set up a panel to lure investment into a Chinese built port city in Colombo. The court is ...

COLOMBO (Reuters) - Sri Lanka's prime minister said on Wednesday a $1.5 billion luxury real estate deal with China was signed without cabinet approval and without following procedures, and launched a ...