COLOMBO -- Sri Lankan President Gotabaya Rajapaksa said he was convinced that the China-funded Hambantota port project would have vast potential for generating income and creating jobs for the local people instead of being a "debt trap," local media quoting a statement from the President's Office reported here Saturday.

The statement said that Rajapaksa, in his meeting with visiting senior Chinese diplomat Yang Jiechi in the capital Colombo on Friday, said that many geo-political analysis have interpreted this project as a "debt trap" but he wanted to prove that it was not the case, and that this large-scale project would help improve the living standards of the local people. (Sri Lanka-Hambantota Port Project)

- - - -

BEIJING -- China's logistics sector sustained steady expansion in September, data from the China Federation of Logistics and Purchasing showed.

The logistics performance index, which tracks business volumes, new orders, employment, inventory turnover and equipment utility rates in the sector, came in at 56.1 percent last month, up 3.9 percentage points from August. (China-Economy-Logistics Sector)

- - - -

MEXICO CITY -- Mexico has paid an advance of 159.8 million U.S. dollars to guarantee the purchase of a successful vaccine against COVID-19 through the COVAX initiative, the Mexican foreign ministry reported on Saturday.

According to the ministry, Mexico on Thursday transferred the funds and presented risk guarantee documents for another 20.6 million U.S. dollars to Gavi, the Vaccine Alliance, which coordinates the COVID-19 Vaccine Global Access Facility. (Mexico-COVID-19-Vaccine)

- - - -

RIO DE JANEIRO -- Brazilian agribusiness exports, one of the engines of the country's economy, increased 4.8 percent in September compared to the same month in 2019, with revenues reaching 8.56 billion U.S. dollars, according to government figures.

The Brazilian Ministry of Agriculture reported on Friday that the sugar sector, whose foreign sales grew 89.8 percent, boosted the growth of September agricultural shipments. (Brazil-Agriculture-Exports) Enditem

Related

Go to Forum >>0 Comment(s)