FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» What will happen tomorrow?
by Chathur Yesterday at 10:39 pm

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Yesterday at 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Yesterday at 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:32 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Antonym Yesterday at 8:23 pm

» GLAS will be winner with Super Gain.
by C.THARANGA Yesterday at 8:12 pm

» Most Undervalued Shares
by celtic tiger Yesterday at 1:38 pm

» Ban of chemical fertilizers is a great news
by samaritan Yesterday at 9:59 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by samaritan Yesterday at 9:48 am

» Price prediction on GRAN and TAFL
by Antonym Yesterday at 8:47 am

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by Bakkabwoi Yesterday at 12:25 am

» DIPD/HAYC/HAYL
by desilva Tue May 11, 2021 10:48 pm

» Prime Residencies IPO. Over Priced?
by ChooBoy Tue May 11, 2021 5:08 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by samaritan Tue May 11, 2021 1:10 pm

» RSI & Stop Loss Combined Strategy to generate more than 70% profit in CSE
by samaritan Tue May 11, 2021 11:51 am

» "MFL" DEAL to 12 RS (multi finance plc)
by arunaupendra Tue May 11, 2021 9:47 am

» Millennial Capital Youtube Channel
by MillennialC Mon May 10, 2021 11:09 pm

» JANASHAKTHI INSURANCE COMPANY PLC
by Accountant Mon May 10, 2021 6:33 pm

» Synergies of possible merger between Sampath Bank and PABC
by MoneyLover Mon May 10, 2021 4:04 pm

» GREAT NEWS! Sri Lanka inks US$500mn deal with Korea Eximbank financing
by ADVENTUS Mon May 10, 2021 2:16 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Foreign Direct Invenstments............

Foreign Direct Invenstments............

Go down  Message [Page 1 of 1]

1Foreign Direct Invenstments............ Empty Foreign Direct Invenstments............ Sun Mar 27, 2011 11:23 am

aship

aship
Senior Equity Analytic
Senior Equity Analytic
FDI to pick up with hotels and port : Treasury secretary
March 26, 2011, 7:20 pm

Foreign direct investments will pick up with planned projects in ports and hotels valued at 500 million dollars each, finance ministry secretary P B Jayasundera said.

He said a concession agreement has been signed in the Colombo port for a new terminal that will need 500 million US dollars to build.

"That is a 500 million dollar private foreign investment. A private foreign investment," he told a business forum in Colombo, organized by Sri Lanka’s software and services companies (SLASSCOM).

"People ask ‘Where is the investment?’ That is the investment."

The terminal will be built by China Merchant Holdings, a Chinese state firm, and Colombo listed Aitken Spence group.

Jayasundera said investments at the port alone will be equal to the annual foreign investments realized a year between 1990 to 2010.

Sri Lanka has still not published a foreign direct investment figure for 2010 but it is expected to be around 300 to 400 million US dollars, lower than the 600 million dollars achieved a year earlier.

The state investment promotion agency is expecting about billion dollars in FDI in 2011.

"In addition new FDI is coming to the hotel sector, particularly to the city hotels, and each investment is in the rank of 500 million dollars. Investment in land alone is 125 million dollars up-front cash payment."

Hong Kong based Shangri La is being given a block of land in Colombo’s Galle Face beachfront earlier used by the military.

The land is already being cleared and readied to be given over to the developer who is expected to build a hotel, shopping complex and apartments.

Another block of land is to be sold to CATIC, a Chinese state military hardware maker, who is expected to tap an international chain to manage the hotel it will build.

"We are no longer giving land without a fee or a nominal fee," Jayasudera said. "The World Trade Centre or the past investments that have happened in Sri Lanka, land has been given free. That is the effort probably made at that time to get the investment.

The World Trade Centre is a reference to a twin tower commercial property projects by Singapore based developer SP Tao in Colombo during the war.

"Today FDI is coming with upfront payment for the land whether it is in the form of a lease or whether it is in the form of outright sale."

"So that is the premium the country has gained during the last several months."

A 30-year war ended in 2009 and the post-conflict country is rapidly returning to normal, Jayasundera said. He said in the north refugees have been resettled and mines cleared.

He said security barriers were removed even in Colombo and transaction costs in the economy were down. Meanwhile the administration was also going on a massive infrastructure building drive.

– (LBO)

The Island

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum