Sri Lanka’s state investment promotions agency, the Board of Investment (BOI) has noted that the country has received US$ 2.37 billion of foreign direct investment (FDI) in 2018, which is a 38 percent from US$ 1.78 billion a year earlier.
The latest LMD-Nielsen Business Confidence poll conducted in Sri Lanka has reportedly noted that sentiment surrounding the economy has recorded an improvement in February as 12% of respondents with the believe that conditions ‘will get better’ in the next 12 months.
Global giant Huawei has reportedly reiterated its commitment to Sri Lanka stating the country is a regional hub for innovation and core business segments delivering good growth with potential for more.
The Citizens Development Business Finance PLC (CDB) of Sri Lanka has reportedly raised a total of US$ 60 million in FY 2018/2019 to uplift and develop micro enterprises and SMEs in the country.
The Board of Investment (BOI) of Sri Lanka has reportedly stated that the government as the first step towards liberalizing the maritime sector would raise foreign ownership in ship agencies to 60 percent