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

Gautam Adani who plans to build renewable power plants, thrusting him into the heart of an international political clash.

India, which accounts for nearly 70 percent of the transshipment business in the Colombo port has raised concerns over increasing Chinese presence specially after the visits of two Chinese submarines to Colombo port in 2014. The West including the United States has raised concerns over Chinese using the ports for military purpose. China has rejected such claims and said it’s deals with Sri Lanka are purely commercial. “I think the Chinese issue has come up because of the privatization of Hambantota port.That is because the port was sold on the premise that we are unable to pay debts,” J...

Share: Colombo (News 1st); Indian External Affairs Minister Dr. Subrahmanyam Jaishankar told a conclave over the weekend that Indian Prime Minister Narendra Modi’s vision relating to Sri Lanka is a long-term one. “We will unequivocally stand by Sri Lankan Tamil communities to ensure equality, equity, peace, and development. It has been reinforced through the devolution of power through the 13th Amendment,” he said. “Tamil Nadu has directed its attention towards Tamil communities residing in Sri Lanka. It remains the same when considering the fishermen’s woes,” said Dr. Jaishanka...

Sri Lanka Faces Defeat in the UNHRC, India’s Vote Crucial Sword of Damocles COLOMBO: Given the distinct possibility that the UNHRC’s resolution against Sri Lanka will be passed, the Office of the High Commissioner for Human Rights (OHCHR) is planning to set up a mechanism to collect and preserve evidence about grave human rights violations in Sri Lanka. According to the Sri Lankan media, the OHCHR has told UNHRC member states that it will cost US$ 2 million. At the third informal consultation on the Sri Lanka Resolution held virtually on March 8, the UK, which is the main sponsor of the...