Sri Lanka's foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec to fast-track a proposed $3.7 billion oil refinery in its southern port city of Hambantota.

Sri Lanka’s foreign policy has often been slammed for its lack of consistency, but rarely have such sentiments been voiced by those in power. Recently, Prime Minister Harini Nireka Amarasuriya acknowledged these shortcomings,

Sri Lanka will receive its largest FDI from China with a $3.7 billion investment in an oil refinery under China's BRI. Sinopec's refinery deal competes with India's strategic interests in Sri Lanka's energy market.

As China refines its strategy on the Indian Ocean island, it is posing a significant challenge to Japan’s long-held influence in Sri Lanka.

Sri Lanka and China are ushering in a new chapter in bilateral relations,” Sri Lankan President Anura Kumara Dissanayake has said in an interview with Xinhua

The NPP government has announced that it is reviewing the Adani Group’s $442 million wind power projects in Mannar and Pooneryn.

Sri Lanka will not permit separatist sentiments against China and that China has pledged to intervene against any actions that harm Sri Lanka’s sovereignty and territorial integrity. During a media briefing yesterday (22), the minister elaborated,”The ...

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,

Xiong Hongfeng, a manager at China Harbour Engineering Co, said that the project, once completed, is expected to attract nearly $15 billion in foreign direct investment, increase the Sri Lankan government's fiscal revenue by $5 billion, and create over 400,000 high-quality local jobs.

The new deals ‘signal a deepening of China’s influence in Sri Lanka’ and revive concerns of a debt trap, analysts say.

Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec

A Sinopec representative in China did not respond immediately to a request for comment and its Sri Lanka office did not answer phone calls. Sri Lanka is currently completely dependent on imported ...