The US nominee to Sri Lanka Elizabeth K. Horst says she is committed to do more to counter Chinese investments in the country.
Responding to a question posed to her by the US Senate Foreign Relations Committee, Horst said that the US has an alternative and better model to offer Sri Lanka.
The US Senate Foreign Relations Committee questioned Horst on the possibility of urging Sri Lanka to maintain a moratorium on Chinese research vessels entering Sri Lankan waters.
But the company went bust at the start of April when it was placed into voluntary administration with Jason Stone and Glenn Franklin from insolvency firm PFK appointed to oversee it.
The company employed approximately 77 employees and “numerous” staff were terminated or stood down by the administrators as wages were unable to be paid, the administrator’s report noted.
