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Don’t miss the latest developments in business and finance.
Under Gotabhaya Rajapaksa, Lanka to maintain close ties with India: Experts
The 70-year-old controversial wartime defence secretary's victory is of significant importance for India
Debt trap, ethnic divide await Sri Lanka's new president Gotabaya Rajapaksa
The largest portion of the country's foreign debt is international sovereign bonds - 39 per cent of the total foreign debt as of 2017
India's competition magnifies as Sri Lanka, China join hands to take on IFC
China is present in a big way in Sri Lanka despite earning criticism for the unviable cost of signature projects
Sri Lanka steers towards China as Rajapaksa wins presidential poll
Gotabaya oversaw the military defeat of Tamil separatists under his brother Mahinda 10 years ago
Despite IMF warning on Colombo's huge debts, China lends $1 bn to Sri Lanka
Sri Lanka last year granted a 99-year lease on a strategic port to Beijing over its inability to repay Chinese loans for the $1.4 billion project