Amidst growing Indian and American investments in Sri Lanka’s infrastructure sector, China seems to be taking a distinct and cost-effective approach that resonates well with the Sri Lankan people.

Sri Lanka has been caught in a tug of war between India and China. Most recently, a Chinese maritime research vessel, Shi Yan 6, was expected to enter Colombo for research in purposes, in ...

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 ...

BEIJING (Reuters) -China and Sri Lanka agreed on more investment and economic cooperation on Wednesday as China's President Xi Jinping met recently-elected Sri Lankan President Anura Kumara ...

HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes. Yes, though ...

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 U.S. announced a $553 million project Wednesday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in international development financing.

Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors — a key sticking point with countries like India — paving the way for ...

Sri Lanka and China agreed to restructure $4.2 billion of debt, putting the South Asian nation closer to securing more funds from the International Monetary Fund. The agreement reached “on the key ...

Sri Lanka expects final approval from the International Monetary Fund for a $2.9 billion loan in the third or fourth week of this month, the president said on Tuesday, adding that new support from ...

COLOMBO (Reuters) - Sri Lanka launched its first communications satellite on Tuesday in partnership with a Chinese state-owned space technology firm, the Sri Lanka partner said, adding to unease in ...