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Ten lives snuffed out in road accidents during festive period
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More than 1,600 Tamil youth join Army during current recruitment drive – Gen Silva
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The Quadrilateral Security Dialogue (Quad) of four countries, Japan, the US, Australia and India, was formed in 2007 with the initiative coming from Japanese PM Shinzo Abe. Due to a lack of participation and no proper institutional framework, it remained dormant for quite some time.
By realising the threat China’s expansionist policy is causing, in November 2017, India, the US, Australia and Japan developed a new strategy to keep the critical sea routes in the Indo-Pacific free of any influence, especially Beijing’s. The aim of the Quad is to support a “free, open and prosperous” Indo-Pacific region that China seeks to threaten.
Thu, Dec 17, 2020, 10:56 pm SL Time, ColomboPage News Desk, Sri Lanka. Dec 17, Colombo: The first US $ 1 billion investment agreement for the construction of the Colombo International Financial Center was signed at Temple Trees today (December 17) under the patronage of Prime Minister Mahinda Rajapaksa.
The agreement was signed between Browns Investments, a strategic investment arm of the LOLC Group, and China Harbor Engineering Company Limited (CHEC).
Prime Minister Mahinda Rajapaksa was accompanied by Chinese Ambassador to Sri Lanka Qi Zhenhong at the signing ceremony of the Colombo International Financial Center (CIFC) Agreement implemented as a Mixed Development Project.
“Attracting foreign direct investment is a priority of our government. This unique project is a powerful example of Sri Lanka’s return to the business world,” said Prime Minister Mahinda Rajapaksa.
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