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 and China did not mention the end of the former's moratorium on visits by foreign research vessels but indicated commitment to ‘maritime cooperation’.

BEIJING: Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday (Jan 16). Sinopec has agreed to invest US$3.

Sri Lanka is crucial for China’s growing geopolitical ambitions in the Indian Ocean Region. This is bad news for India.

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,

At the invitation of Xi Jinping, President of the People’s Republic of China, Anura Kumara Dissanayake, President of the Democratic Socialist Republic of Sri Lanka, paid a state visit to the People’s Republic of China from January 14 to 17,

BEIJING, Jan. 17 (Xinhua) -- "Sri Lanka and China are ushering in a new chapter in bilateral relations," Sri Lankan President Anura Kumara Dissanayake has said.

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.

During his visit to China from January 14-17, Sri Lankan President Anura Kumara Dissanayake secured several agreements, including a $3.7 billion deal with Sinopec to set up an oil refinery in Hambantota. The Sri Lankan foreign minister is expected to reveal details of 15 other agreements soon.

Zhao Leji chairman of China National People Congress Standing Committee meets with Sri Lankan President Anura Kum

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

The port of Hambantota was handed to a Beijing company on a 99-year lease for $1.12 billion in 2017 after Sri Lanka was unable to repay a huge Chinese loan, a controversial decision which raised ...