Sri Lanka, Adani

Adani backs out of $533mn US loan for Sri Lanka port
Adani Ports has withdrawn its request for a $553 million loan from the US International Development Finance Corporation (IDFC) for a Sri Lankan port project. Facing US fraud allegations, the company will now self-fund the Colombo West International Terminal development,
Sri Lanka to obtain $200 million loan from ADB for power sector development
The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a statement from the government's information department on Tuesday.
Adani Ports shares in focus after Adani group firm opts out of US funding for Sri Lanka project
Adani Ports said that Colombo West International Terminal (CWIT) project in Sri Lanka was progressing well and was on track for commissioning by early next year.
Tycoon Adani pulls request for U.S. loan to finance strategic Sri Lanka port
The withdrawal marks another low point in U.S.-India ties after the billionaire’s indictment on charges related to fraud, and a blow to Washington’s bid to counter China’s regional clout.
Adani drops US financing for strategic Sri Lanka port
Backing from the US International Development Finance Corporation for the project was announced in November 2023, months after Adani Group had been accused of “brazen” corporate fraud and stock price manipulation by short seller Hindenburg Research.
Ada Derana1h
Insurance regulation in Sri Lanka ‘developing with limited transparency’: Fitch Ratings
Sri Lanka’s regulatory environment for the insurance sector is regarded as “developing with limited transparency,” according ...
South Africa overpower Sri Lanka to sweep series
Spinner Keshav Maharaj took five wickets as South Africa secured a 109-run victory over Sri Lanka on the last day of the ...
Sri Lanka Welcomes US Sanctions On Former Ruling Clan
Sri Lanka's new government Tuesday welcomed US sanctions against two senior figures from the former ruling Rajapaksa family over two notorious graft cases involving aircraft purchases.
Island4d
21st Annual General Meeting of the Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce
Russia Business Council of the Ceylon Chamber of Commerce (SLRBC) was held recently at the Cinnamon Grand, Colombo 03. The ...
FT2d
Sri Lanka College of Journalism holds 2024 graduation
The Sri Lanka College of Journalism, established in 2004, held its 2024 graduation ceremony recently at the Orchid Hall of ...
Sri Lanka President To Visit India In First Overseas Trip
Sri Lankan President Anura Kumara Dissanayake will travel to India on Sunday for talks with Prime Minister Narendra Modi in his first overseas visit as head of state, the government said Tuesday.
The Daily Star2d
Maharaj bowls South Africa to 109-run win, sweep of Sri Lanka
Keshav Maharaj took five wickets as South Africa beat Sri Lanka by 109 runs on the fifth day of the second Test at St ...
NDTV2d
Sri Lanka Cricket Team News
Sri Lanka completed a 2-0 ODI series win over New Zealand at home. Sri Lanka vs New Zealand 3rd ODI Highlights: The third and final one-day international between New Zealand and Sri Lanka ...
Island2h
KOICA Pledges 65 million Dollars to Climate Change Mitigation in Sri Lanka
Korea International Cooperation Agency (KOICA) and the Government of Sri Lanka jointly endorsed the KOICA’s Climate Change ...