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 signed a new plan to upgrade BRI cooperation during Sri Lankan President Anura Kumara Dissanayake's state visit here.

China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,

The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBoC) have renewed the Bilateral Currency Swap Agreement signed in 2021, for a period of another three years, under the terms and c

The visit is the first one to China by President Dissanayake since his taking office, and is of great significance to the development of China-Sri Lanka relations. Dissanayake and his new government,

Sri Lanka stands the chance of attracting investments from Chinese companies amounting to around US $ 10 billion as a result of President Anura Kumara Dissanayake’s state visit, Daily Mirror learns. .

Sri Lankan President Anura Kumara Dissanayake is on a four-day visit to China from 14 to 17 January 2025. During his visit, he met with Chinese President Xi Jinping and other high-ranking officials to discuss bilateral ties and cooperation.

Mumbai: External Affairs Minister S. Jaishankar emphasized India’s regional efforts and broader foreign policy priorities during the 19th Nani A. Palkhivala Memorial Lecture in Mumbai. He highlighted

Sri Lanka and China have taken yet another major step towards economic cooperation. In a landmark deal, Sri Lanka has secured a record-breaking $3.7 billion foreign direct investment with Sinopec, a Chinese state-run oil giant.

In a significant boost to economic ties, Sri Lanka has secured a landmark $3.7 billion foreign direct investment from China's Sinopec, marking a pivotal moment in the island nation's recovery efforts.

MP Harshana Rajakaruna yesterday while commending President Anura Kumara Dissanayake for seeking assistance from foreign countries to develop Sri Lanka urged him to revisit his own statements which highly criticised China for making the country a Chinese colony by putting it in a debt trap.

President Anura Kumara Dissanayake successfully concluded a State Visit to the People’s Republic of China from January 14 to 17 marking