Mannar Basin News Today

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

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Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

Latest news, analysis and opinions from the Daily FT, Sri Lankas only national business newspaper. ..

COLOMBO (News 1st); As Sri Lanka grapples with its crippling economic crisis, concerns are mounting about potential exploitation of its national assets by - Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world news and much more from News 1st, Sri Lanka's leading news network.

Visits by Chinese spy ships to Sri Lanka have been increasing part which collects information about vital strategic assets in southern India and New Delhis role in the region but also to gather information about ecological and mineral treasure in the Gulf of Mannar. China owns 52% of Sri Lankas bilateral debt, and Beijings approval is crucial for any effort by Colombo to restructure its outstanding loans.

Their relationship is a winning proposition for the region, and offers potential security through trade across the Indo-Pacific

Recent visits to Colombo by top officials from India and the U.S. illustrate Sri Lanka’s power sector is increasingly becoming a theater of big power rivalry.

The island does not have an energy policy and deals, which are often done secretly, are controversial.

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign…