E-PaperHambantota News
China faces new competition as Japan, India eye Sri Lanka port
India, Japan and Sri Lanka are set to sign MoU in the coming months to build out the east container terminal at the Port of ColomboSri Lanka will control 51% of the project with India and Japan jointly controlling the other 49%
3 min read21 May 2019Sri Lanka starts work on $4 billion refinery
Once fully operational, the refinery near Hambantota port is to export 9 mt of petroleum products annuallyThe circumstances surrounding China’s acquisition of the port generated concern in neighbouring India and beyond over Beijing’s expanding presence in the Indian Ocean
1 min read25 Mar 2019Sri Lanka to move naval unit to China-run Hambantota port
Sri Lanka will move its southern naval headquarters to the Hambantota port which is now leased to China, Prime Minister Ranil Wickremesinghe said today
1 min read30 Jun 2018China’s creditor imperialism
China uses sovereign debt to bend other states to its will, without having to fire a single shot
4 min read26 Dec 2017We expect neighbours to keep our concerns in mind: India
The comment from the Indian foreign ministry follows reports that Sri Lanka has formally handed over the strategic port of Hambantota to China on a 99-year lease
2 min read15 Dec 2017Sri Lanka’s opposition warns against proposed airport deal with India
Sri Lanka’s opposition alliance spoke out against the proposed lease of an airport to an Indian firm, warning the government not to allow the country become a ‘pawn’ in international power politics
1 min read9 Oct 2017Sri Lanka in talks with two Chinese firms for $3 billion refinery
Sri Lanka is in talks with two Chinese companies about investing up to $3 billion to build in a new refinery at its Chinese-controlled port, a top government official has said
2 min read23 Sep 2017Sri Lanka’s Hambantota gambit
Sri Lanka's pact with China for Hambanbota port may well be a case of strategic deception, and not just a political balancing act between India and China
4 min read16 Aug 2017China, Sri Lanka sign $1.1 billion Hambantota Port deal
Sri Lanka signs a $1.1 billion deal with China to sell 70% stake in the strategic Hambantota Port to a state-run Chinese firm
2 min read29 Jul 2017Sri Lanka’s cabinet ‘clears port deal’ with China firm after concerns addressed
Under the new deal, the Sri Lankan government has sought to limit China's role to running commercial operations at Hambantota port while it has oversight of broader security
3 min read25 Jul 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared