A common comparison you hear from the Colombo intelligentsia is between the vastly differing economic fortunes of Sri Lanka and Singapore. Now, under the new reworked deal, Sri Lanka would divide the management of Hambantota into two firms — a business side and a security side. The security side would have a controlling stake of SLPA (Sri Lanka Port Authority). India’s development portfolio in Sri Lanka is about US $2.6 billion, out of which US $436 million is pure grants). While some analysts believe that the popular and the political narrative diverge in Sri Lanka, the past few years have seen substantial convergence of the same.

Source: Sunday Times August 29, 2017 05:26 UTC