Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka receivers US$ 2 billion FDI in 2012
Fri, Jan 4, 2013, 11:20 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 04, Colombo: Foreign Direct Investments received by Sri Lanka doubled last year reaching US$ 2 billion compared to the previous year, according to the Board of Investment (BOI).

The investment promotion agency attributed the increase in FDI to the Joint efforts made by the Ministry of Economic Development and the Board of Investment to attract more FDI and expressed the hope that prospects for 2013 would be higher.

According to the BOI, 45% of the FDI contribution was for infrastructure development, 28% for production sector and 19% for hotels and restaurants.

During the first nine months of 2012, the BOI approval for tourism projects with FDI amounted to US$ 1.04 billion.

The BOI said it signed agreements with 112 entrepreneurs from January to September last year for an anticipated amount of US$ 2.6 billion. The projects will generate 27,490 job opportunities, it added.

The BOI has also entered into agreements in respect of 21 enterprises with an estimated investment of US$ 384 million.



ColomboPage - Recent 10 Stories
'Joint opposition' is not for women's rights in Sri Lanka - PM
-- [5 hours ago]
Over 100 harassed migrant workers return to country from Kuwait
-- [5 hours ago]
Sri Lankan President to visit Germany to strengthen economic and trade cooperation
-- [6 hours ago]
ICRC to work with Sri Lankan government on missing persons
-- [6 hours ago]
Sri Lankan government not averse to international participation in the accountability mechanisms, PM says
-- [7 hours ago]
SLFP to take disciplinary action against members criticizing the party leadership
Program to enlighten media personnel on proposed constitution
State minister pays surprise visit to fish market to look into public complaints of corruption
Workshop on Sectoral Oversight Committees for Members of Sri Lanka Parliament
Former President CBK commends government for efforts to increase women's participation in politics

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.