Political risks loom over Sri Lanka's economic stabilisation
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
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Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
Sri Lanka is on the mend from its disastrous crisis last year — but absent structural reform, political disgruntlement could yet derail economic stabilisation, writes Ganeshan Wignaraja.
The upcoming plant of Sinopec, which entered the Sri Lankan market in July this year, would be the largest foreign direct investment with $4.5 billion for Sri Lanka.
1,023 firms are also planning new liquefied natural gas (LNG) terminals, pipelines, or gas-fired power plants.
Fitch said it expects Sinopec's volume to increase in its refining segment, as domestic gasoline demand has reverted to pre-pandemic levels.