Colombo / AFP Sri Lanka will bring legal reforms to encourage much needed foreign investment, as the cash-strapped island tries to turn its $8 billion Chinese debt into equity, the prime minister said on Sunday. Ranil Wickremesinghe, who returned home on Sunday after a three-day visit to China, said streamlined regulations and a free trade agreement would be in place …

Sydney / Bloomberg Prime Minister Malcolm Turnbull’s government promised to invest A$490 million ($370 million) in infrastructure in West Australia in the coming financial year, seeking to redress the state’s shortfall in the share it receives of the federally collected goods and services tax. The allocation follows a similar investment last year, as the state continues to receive the lowest …

Kathmandu / DPA Nepal’s domestic air passenger movement continued to shrink for four straight years, dropping 5.96 per cent in 2015, as a series of disasters struck the country denting travel demand. According to the data of Tribhuvan International Airport (TIA), domestic carriers received 86,510 less flyers last year. These airlines carried 1.36 million passengers in 2015 against 1.45 million …