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China Faces New Competition as Japan, India Eye Sri Lanka Port
China Faces New Competition as Japan, India Eye Sri Lanka Port

India, Japan and Sri Lanka are weighing the development of a terminal at the bustling port of Colombo in a country that’s seen ongoing political controversies related to investments from China’s Belt and Road initiative. The three countries are set to sign a memorandum of understanding in the coming months to build out the east container terminal at the Port of…

Bloomberg - May 21 19:58 GMT - more ... [ Tags: SriLanka, Japan, China ]

In Sri Lanka, the new Chinese Silk Road is a disappointment
In Sri Lanka, the new Chinese Silk Road is a disappointment

The concession was humiliating for Sri Lanka, while "the opponents of China, like India, painted the entire operation as a deliberate plan to acquire strategic positions in the region," Dufour said. China was suspected of intentionally strangling Colombo with loans at a 6 percent interest rate, which was much higher than the other lenders - such as the World Bank –…

AFP - Mar 25 13:14 GMT - more ... [ Tags: Colombo, World, China ]

Gary Anandasangaree
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