Sri Lanka's foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec to fast-track a proposed $3.7 billion oil refinery in its southern port city of Hambantota.

Sri Lanka's foreign policy has often been slammed for its lack of consistency, but rarely have such sentiments been voiced by those in power.Recently, Prime Minister Harini Nireka Amarasuriya acknowledged these shortcomings,

As China refines its strategy on the Indian Ocean island, it is posing a significant challenge to Japan’s long-held influence in Sri Lanka.

Sri Lanka and China are ushering in a new chapter in bilateral relations,” Sri Lankan President Anura Kumara Dissanayake has said in an interview with Xinhua

The NPP government has announced that it is reviewing the Adani Group’s $442 million wind power projects in Mannar and Pooneryn.

The new deals ‘signal a deepening of China’s influence in Sri Lanka’ and revive concerns of a debt trap, analysts say.

Xiong Hongfeng, a manager at China Harbour Engineering Co, said that the project, once completed, is expected to attract nearly $15 billion in foreign direct investment, increase the Sri Lankan government's fiscal revenue by $5 billion, and create over 400,000 high-quality local jobs.

The visit is the first one to China by President Dissanayake since his taking office, and is of great significance to the development of China-Sri Lanka relations. Dissanayake and his new government,

Dissanayake incidentally was a critic of the Hambantota port deal for its long-term lease while he was in the opposition.It was seen as a balancing act as last year India and Sri Lanka inked a deal to jointly develop 85 Word War II-era oil storage tanks at the strategic Trincomalee port in the eastern region of the country.

Sri Lanka and China have agreed to work towards the early conclusion of a comprehensive Free Trade Agreement (FTA) in “one package” in line with the principles of equality, mutual benefit and win-win

Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement with Chinese state energy giant Sinopec

Sri Lanka’s foreign policy has often been slammed for its lack of consistency, but rarely have such sentiments been voiced by those in power. Recently, Prime Minister Harini Nireka Amarasuriya acknowledged these shortcomings,