Sri Lanka and the United Arab Emirates (UAE) agreed to complete the Agreement for the Promotion and Protection of Investment (APPI) as early as possible to expand investment and trade cooperation between the two countries.
Sri Lanka's southern Hambantota Port is aiming to attract investments worth $500 million as plans are afoot to set up port related industries inside the port as well as general operation expansion, Ports Minister Mahinda Samarasingha said on Friday.
Tourism has emerged as the second highest foreign exchange earner in Sri Lanka, beating the island country's lucrative garment industry which held this position for the past eight years since 2010, official data showed.
Is there a thaw in somewhat strained Beijing-New Delhi ties? From available indications China is likely to ease its hard position on the issue of Jaish-e-Mohammad (JeM) chief Masood Azhar within a month after Indian Foreign Secretary Vijay Gokhale shared "all evidences" with the Chinese leadership in Beijing about the Pakista