IRS |Institute of Regional Studies

Islamabad

News Updates

9th July - 13th July
  • Thailand and Sri Lanka signed four MoUs
    The four MoU’s are a Treaty between Thailand and Sri Lanka on the Transfer of Offenders and on Co-operation in the Enforcement of Penal Sentences, MoU on Strategic Economic Partnership between the two countries, understanding between Ministry of Social Welfare and Primary Industries and Kasetsart University on Technological Collaboration Related to Value Addition of Primary Products and Joint Action Programme for Cooperation on Sustainable Community Development Model based on the Application on Sufficiency Economy Philosophy in Sri Lanka. (Daily Mirror, July 13, 2018)
  • Thai Prime Minister General Prayut Chan-o-cha arrived in Sri Lanka on a two-day official visit on an invitation extended by President Maithripala Sirisena. (Daily Mirror, July 13, 2018)
  • Sri Lanka scores low on providing a conducive business environment for US companies operating in the country owing to policy instability while conditions for attracting Foreign Direct Investment (FDI) from U.S. companies remain undesirable, according to a latest report by American Chamber of Commerce (AMCHAM) and Stax Inc. (Daily Mirror, July 13, 2018)
1st July - 08th July
  • Sri Lanka to shift naval base to China-controlled port city. Sri Lanka is shifting a naval base to a port built and controlled by China, it said on Monday, a move that will strengthen security at a harbour that foreign powers fear China could use for military purposes. The $1.5 billion deepwater port is likely to play a major role in China’s “Belt and Road” initiative and is under a 99-year lease to China Merchants Port Holdings at a cost of $1.12 billion.
  • Government and diplomatic sources have told Reuters that the United States, India and Japan have raised concerns that China might use the port as a naval base. The Sri Lankan government and Chinese embassy in Colombo have denied that and the agreement for the port deal included a clause that it cannot be used for military purpose. (Reuters, July 02, 2018)
  • China refutes so-called 'debt trap' over Sri Lanka's Hambantota port project.
    China and Sri Lanka are committed to pushing forward cooperation on the Hambantota port project and realizing the goal of making Sri Lanka the logistics center of the Indian Ocean, said a Foreign Ministry. (Xinhua, July 04, 2018)
  • The 2018 Trafficking in Persons Report released by the US Department of State revealed that women and girls from Sri Lanka and other countries were subjected to sex trafficking in Afghanistan and India.
  • The report was released by Secretary of State, Mike Pompeo at the State Department headquarters in Washington, DC last week. (Daily Mirror, July 07, 2018)
  • LNG power plant tender to be awarded to Chinese company. A team of experts have pointed out that the possible energy crisis in 2020 would take a turn for the worse, if the tender for the LNG plant in Kerawalapitiya was delayed any further. Though the project was to be implemented this year, uncertainty remains whether it could be done because of the delay in awarding the tender. (Daily Mirror, July 07, 2018)
Credit: Nabila Jaffer

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