China to donate $100 mln to SL every year till 2020

Business

China is to donate US$ 100 million to Sri Lanka every year to develop different sectors including innovation progress till 2020, according to Chinese Ambassador to Sri Lanka, Yi Xiangliang.

Speaking at the second Sri Lanka Broadband Forum held at the Galle Face Hotel on Tuesday, Mr. Xiangliang said, “Last year in May when the President of the People’s Republic of China, Xi Jinping met Sri Lanka’s Prime Minister Ranil Wickremesinghe, President Xi announced that China will donate US$ 100 million to Sri Lanka every year till 2020 for different sectors including innovation progress.”
He also stated that telecommunication is the most important infrastructure to any country. “Every country needs to give priority to the telecommunication economy,” he said.
Meanwhile, Minister of Telecommunication and Digital Infrastructure, Harin Fernando during his speech praised the government for removing the telecommunication levy on data which came into effect from September 1. (Raj)

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 500 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 466 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 372 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

June 3, 2025

- 213 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.