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
Indian Naval Ship Kirch arrives in Sri Lanka with relief assistance for people displaced by floods
-- [59 minutes ago]
Death toll from floods and landslides in Sri Lanka rises to 100, another 99 missing
-- [1 hour and 18 minutes ago]
Sri Lanka Air Force Airman fell off from helicopter during flood rescue operations dies
-- [2 hours ago]
Indian PM condoles the loss of lives and property in Sri Lanka due to flooding and landslides
-- [3 hours ago]
India dispatches three Navy ships to assist Sri Lanka disaster relief operations
-- [3 hours ago]
Orientation program for Jaffna Sunday schoolteachers on national integration, reconciliation
-- [4 hours ago]
Sri Lanka's John Keells profit before tax increases 19% to Rs.22.89 billion for 2016/17
Sri Lanka PM instructs tri forces and police to provide relief to flood affected people
Sri Lanka seeks UN assistance to handle the worsening flood situation
Minister says sluice gates of hydropower reservoirs will not be opened

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.