IRS |Institute of Regional Studies


Contemporary Regional Developments in Siri Lanka

12th May - 18th May
  • Sri Lanka open for investors from all Asian countries: Malik Balancing diplomatic relations and being open to all countries for investment has been a key achievement of the current government, remarked Development Strategies and International Trade Minister Malik Samarawickrama at a forum in Colombo. (Daily Mirror, May 18, 2018)
  • The Government’s debt had increased by Rs. 836 bn following the depreciation of the Sri Lankan Rupee against the US Dollar during the past 40 months, Pivithuru Hela Urumaya (PHU) leader and MP Udaya Gammanpila said.
  • US economic boom adversely affects SL: PM
    Prime Minister Ranil Wickremesinghe said the economic growth in the US has had a negative impact on Sri Lanka and other developing nations. He said the US dollar had picked up with the economy boom in the USA and that had resulted in the devaluation of currencies of countries such as Sri Lanka and Argentina.(Daily Mirror, May 17, 2018)
  • China approved a $ 1 billion loan on May 14 to revive a long-delayed expressway in central Sri Lanka after Prime Minister Ranil Wickremesinghe met the Chinese Ambassador. The Ambassador had informed the Prime Minister that Beijing had decided to approve the loan that will be provided through the Export-Import Bank of China, which can be considered as a part of its regional Belt and Road initiative. (Daily FT, May 18, 2018)
5th May - 11th May
  • Sri Lanka has told China that unfounded claims are being made on some of the projects funded by China in Sri Lanka, with ulterior motives. Speaker Karu Jayasuriya said that there are extremists in all countries and those making unfounded speculations on China funded projects in Sri Lanka may have their own ulterior motives.(The Sunday Leader, May 9, 2018)