Prisoners to be set free for Christmas

During times of crisis, Chinese loans to Africa tend to decrease

The Chinese loans to Africa tend to decline during periods of crisis, and the loan commitment fell in 2020 due to the COVID-19 pandemic, according to European Times. The total number of projects under Chinas Belt and Road Initiative (BRI) has fallen to a record low of USD 1.9 billion in 2020, with only 11 projects receiving funding compared to a total of about 60 projects per year in 2015-2019. In comparison, historically strong borrowers such as Angola and Ethiopia did not receive any loans.

22 Jun, 2022

Hirunika leads protest near PM’s private residence

A group led by Samagi Jana Balawegaya (SJB) member Hirunika Premachandra staged a protest near the private residence of Prime Minister Ranil Wickremesinghe at 5th Lane today. The former MP demanded to meet the Prime Minister to hand over a letter. However, the Police placed barricades and prevented the protesters from getting close to the Prime Minister’s residence. A tense situation also took place when some women who accompanied the former MP attempted to force their way past the barricade.

22 Jun, 2022

Sri Lanka creditors form group for restructuring talks

Sri Lanka?s international creditors have formed a group to start debt restructuring talks with the embattled South Asian country. The group has hired heavyweight legal firm?White & Case?while Colombo will be represented by?Clifford Chance. Amundi Asset Management, BlackRock, HBK Capital Management, Morgan Stanley Investment Management and T. Rowe Price Associates are among members of the group?s steering committee, which has Rothschild & Co as financial adviser. ?The group is broadly represen

22 Jun, 2022