Tuesday, 27 March 2018

Sri Lanka seeks India and Japan cash to balance China

SOURCE: Bloomberg Prime Minister Ranil Wickremesinghe said Sri Lanka is seeking foreign investment from India, Japan and others amid criticism over his country’s reliance on Chinese loans for infrastructure projects. In an interview in Colombo, Wickremesinghe defended a deal last year that gave a joint venture led by state-owned China Merchants Port Holdings Co Ltd. a 99-year lease to the southern port […]

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