The Port City Act is set to be amended by October because of widespread tax holidays without any structural benchmarks.

COLOMBO, Sri Lanka — China is building a second seaport on this strategic Indian Ocean island as part of the Belt and Road Initiative, Beijing’s global expansion strategy. The first Chinese ...

Did Sri Lanka fall into China’s debt trap, or was this just bad financial planning? We investigate the shocking truth behind ...

Colombo Port City, the biggest and most controversial infrastructure project in Sri Lanka's history, is either the staging ground for China and India's geopolitical battle or the place where the ...

HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes.

That prompted complaints the deal was too favorable to Beijing and fueled concerns about Sri Lanka’s soveignty. The port is expected to play a key role in China’s Belt and Road initiative ...

Vice Admiral G. Ashok Kumar, vice chief of India’s naval staff, told Asia News International on June 17 that the China-funded Colombo Port City (CPC) project in Sri Lanka “could pose a threat ...

The U.S. plans to launch a $553 million project to build a deep-water shipping container terminal in Sri Lanka as it competes with China in development financing.

COLOMBO, Sri Lanka (AP) — Sri Lanka has asked China to defer a port call of a scientific research ship after security concerns were reportedly raised by neighboring India. The Foreign Ministry ...

Sri Lanka recently had to hand over a port financed by Chinese investment along with 15,000 acres of land for 99-year lease to Beijing. On the surface, this gave China control over a failing port.

COLOMBO, Sri Lanka — The U.S. announced a $553 million project Wednesday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in ...

The U.S. announced a $553 million project Wednesday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in international development financing.