Sri Lanka Signs $3.7 Billion Deal with Sinopec for New Oil Refinery in Hambantota
Sri Lanka has signed a landmark agreement with Sinopec, the Chinese international petroleum corporation, to build a state-of-the-art oil refinery in Hambantota. The.
Economics
Economics
Sri Lanka’s Hambantota Industrial Park Secures $25 Million Mattress Export Investment
Sri Lanka’s Hambantota International Port Group (HIPG) has secured a $25 million investment to establish a mattress manufacturing factory in its China-backed industrial.
- December 20, 2024
Tech
Hambantota Port Boosts Container Operations with $41 Million Crane Upgrade
The Hambantota International Port Group (HIPG) has unveiled a major $41 million investment to enhance its container operations, set to be fully operational.
- December 5, 2024
Trade Relations
Foreign Investors Explore Investment Opportunities at Trincomalee and Hambantota Ports
As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from diverse countries, including India, Saudi Arabia,.
- November 26, 2024
Economics
Hambantota Port Sees 40% Increase in Vehicle Handling
The Hambantota International Port (HIP) experienced a remarkable 40% increase in the handling of roll-on/roll-off (RORO) vehicles between the second and third quarters.
- October 8, 2024
Economics
Sri Lanka Transfers Operations of Mattala Airport to Indian-Russian Consortium Despite US Sanction Concerns
Sri Lanka will transfer the operations of its Chinese-built Mattala Rajapaksa International Airport to a consortium of Indian and Russian firms, despite warnings.
- July 4, 2024