China seems to be gearing up to further ensnare Sri Lanka in its debt trap. This became evident when Sri Lankan President Anura Kumara Dissanayake undertook a four-day visit to China in mid-January ...

COLOMBO, Feb. 7 (Xinhua) -- "We are very pleased to see that the friendship between Sri Lanka and China has become stronger over time, the partnership has been ...

Adani Green Energy Ltd. has withdrawn from building two wind power projects in Sri Lanka after the new government sought ...

The U.S. decision to shut down USAID has been widely criticized as a strategic victory for China, allowing it to expand its economic and political dominance unchecked.

India's Adani Green Energy has told Sri Lanka it will withdraw from two proposed wind power projects, the company said on Thursday, two weeks after Colombo said it was seeking to lower the cost of the ...

Between 2000 and 2020 alone, China extended close to $12 billion in loans to Sri Lanka, funding major infrastructure projects. The interest rates on these loans were significantly higher compared ...