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Delft, Analativu and Nainativu Islands to China, no change in decision


Tuesday, 16 February 2021 - 21:26
Energy Minister Udaya Gammanpila has stated that there is no change in the decision taken to hand over three northern islands belonging to Sri Lanka to three Chinese companies for a joint energy project to be implemented with China.
He was responding to a question raised by a journalist at a media briefing at the Government Information Department today. (Video of the Ministers response in English at the end of the Article)
The Cabinet had approved the allocation of Delft, Analativu and Nainativu Islands for the project on January 18.
India concerned
Meanwhile, Sri Lanka’s recent decision to pull out of the East Container Terminal (ECT) deal with India and Japan is not the only challenge to New Delhi’s interests emerging this year according to Indian  media reports. A week before reneging on the 2019 Colombo Port terminal agreement, Sri Lanka cleared a Chinese energy project in three islands off Jaffna peninsula that are ba ....

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EMERGING MARKETS-Turkish lira scales 6-month highs; EM stocks march higher


Russian rouble hits 6-week highs, but gains limited
EM stocks extend rally for 8th session running
Feb 16 (Reuters) - The Turkish lira scaled over six-month highs on Tuesday amid hopes of tighter monetary policy, while Russia’s rouble was bolstered by rising oil prices.
Vaccine rollouts and hopes of more stimulus kept up appetite for risk, denting the safe-haven dollar.
Stocks in the developing world scaled new highs, rising for the 11th session in 12 and marking their longest winning streak since June last year.
Ahead of a central bank rate decision meeting on Thursday, Turkey’s lira firmed 0.5%. The bank is expected to keep rate unchanged at 17%. ....

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