Sri Lanka stocks closed 1 percent weaker on Monday despite a rise in indices in early morning trade, brokers said.

In 2021, Sri Lanka had agreed to sign a fresh deal with India to lease out the strategic World War II era oil tank farm, its only one, for 50 years in the eastern port district of Trincomalee.

China has offered to invest USD 3.7 billion in Sri Lanka ... 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 ...

China’s record US$3.7 billion investment in a Sri Lankan oil refinery has sparked fresh security concerns in India, analysts say ... US$1.12 billion after Sri Lanka was unable to repay a ...

Sinopec has agreed to invest $3.7 billion to construct a "state-of-the-art oil refinery ... state media. Sri Lanka had originally awarded the refinery project in 2019 to an Indian family-owned ...

According to a press release by the Sri Lankan president's media division, the deal was "formalised this morning with the signing of an agreement between Sri ... port in the Indian Ocean on ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec ... given a red-carpet welcome to India by Prime Minister Narendra Modi ...

Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec ... to China comes after he was given a red-carpet welcome to India by Prime ...