China boosts investment in Sri Lankan mega project Jan 03, 2018 0 50 12345 AFPColomboChina will invest $1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka's main port, Colombo said Tuesday, as Beijing aims to boost its influence in the Indian Ocean.The deal follows an earlier Chinese investment of $1.4 billion to carry out reclamation work for the wider Colombo International Financial City development, strategically located next to Sri Lanka's harbour, the only deep sea container port in the region. The countries hope the project, initiated by former Sri Lankan president Mahinda Rajapakse, will create a financial centre in the Indian Ocean comparable with those in Singapore and Europe, drawing billions in foreign investment and thousands of jobs.Sri Lankan officials said 60 percent of the 269 hectare (672 acre) reclamation, due to finish next year complete with yacht marina, had already been completed.No completion date was given for the buildings, the first for the development."China Harbour (company) will put in $1 billion to build three buildings,"Sri Lanka's Urban Development Minister Champika Ranawaka told reporters in the capital. POST A COMMENT RELATED ARTICLES China lauds Pakistan's role in fight against terrorism Jan 03, 2018 0 415 Pakistan hits back after Trump's aid cut threat Jan 03, 2018 0 64 Former PM Nawaz meets Saudi crown prince during visit shrouded in suspense Jan 03, 2018 0 51 Islamabad clamps down on banned outfits Dawn.com ISLAMABAD On the first day of 2018, the capital administration issued orders prohibiting fundraising activities by any organisations or individuals that are named in UN watch lists or banned by the government .. Imran secures bail in 2014 PTV attack cases, claims innocence Islamabad: An anti-terrorism court (ATC) in Islamabad on Tuesday accepted Pakistan Tehreek-i-Insaf (PTI) chief Imran's bail appeal in all four cases regarding an attack on Pakistan Television (PTV) .. Audit of $33 billion US aid figure can reveal who is 'lying & deceiving': Asif Foreign Minister Khawaja Asif on Tuesday challenged President Donald Trump's claim that the US has given Pakistan"more than 33 billion dollars in aid over the last 15 years", saying verification by an audit firm .. UPDATE 1-Pakistan summons U.S. ambassador after Trump's angry tweet (Adds comments from China, India, Afghanistan, analyst) By Drazen Jorgic ISLAMABAD, Jan 2 (Reuters) - Pakistan summoned the U.S. ambassador in protest against U.S. President Donald Trump's angry tweet about ..