Blank Banner Dove Square

Economy

China \'Silk Road\' project in Sri Lanka delayed as Beijing toughens stance
China \'Silk Road\' project in Sri Lanka delayed as Beijing toughens stance
China 'Silk Road' project in Sri Lanka delayed as Beijing toughens stance

China will delay a planned $1.1 billion investment in a port on its modern-day "Silk Road" until Sri Lanka clears legal and political obstacles to a related project, sources familiar with the talks said, piling more pressure on the island nation. Heavily indebted Sri Lanka needs the money, but payment for China's interests in Hambantota port could be held up by…

Reuters - Feb 16 15:29 GMT - more ... [ Tags: Politics, Economy, China ]

Google internet balloon plan snagged in Sri Lanka: minister
Google internet balloon plan snagged in Sri Lanka: minister
Google internet balloon plan snagged in Sri Lanka: minister

Google's venture to beam the internet to remote areas of the world via balloon has hit a legal snag in Sri Lanka that could see the project abandoned on the island, a minister said Thursday. "Project Loon" uses roaming balloons to beam internet coverage and planned to connect Sri Lanka's 21 million people to the web, even those in remote connectivity black spots.

AFP - Feb 16 15:28 GMT - more ... [ Tags: Economy ]

Gary Anandasangaree
Blank Banner

FOLLOW US ON

FACEBOOK

TWITTER

  • Sed feugiat augue faucibus libero ultricies, eget condimentum nisi pulvinar. Donec pharetra neque et odio tempor mattis.

  • Sed feugiat augue faucibus libero ultricies, eget condimentum nisi pulvinar. Donec pharetra neque et odio tempor mattis.

  • Sed feugiat augue faucibus libero ultricies, eget condimentum nisi pulvinar. Donec pharetra neque et odio tempor mattis.

EVENTS

VIDEO

Justin Trudeau-Happy Thai Pongal to Tamils celebrating!