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.
FINANCIAL CHRONICLE™

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

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LOFC AND CLC Target Price??
by Rational Investor Today at 6:45 pm

» Exit EXPO Enter EDEN strategy broadened to Exit EXPO Enter LOLC GROUP
by Rational Investor Today at 6:43 pm

» ASPI break vs reversal
by D.G.Dayaratne Today at 6:30 pm

» Dividend XD Date next week
by SAGA Today at 1:45 pm

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by hotstock Today at 12:22 pm

» LATEST: Join FINANCIAL CHRONICLE™ Discord
by CHRONICLE™ Today at 10:12 am

» Maharaja after long time
by stockchaser Yesterday at 9:40 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by EPS Yesterday at 6:42 pm

» Leisure sector- KHL vs Eden
by Bakkabwoi Yesterday at 2:48 pm

» Exit Eden and enter Expo - Hotel sector revival going to take years!
by Value Pick Yesterday at 8:47 am

» Asia/Capital Trust LLUB Target Price Rs 150..
by rajithasahan Yesterday at 12:20 am

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Fri Sep 24, 2021 7:01 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by Sunimal Fri Sep 24, 2021 2:18 pm

» Construction activities records fastest growth in five years
by samaritan Fri Sep 24, 2021 3:56 pm

» Port City - Sri Lanka's Economic Trajectory
by samaritan Fri Sep 24, 2021 2:34 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by cwij5252 Fri Sep 24, 2021 10:19 am

» Watch SPEN
by Tissa Fri Sep 24, 2021 7:10 am

» Top Crossing Today
by SAGA Thu Sep 23, 2021 3:19 pm

» AGST is Next KOTA
by kanishkaecomm Thu Sep 23, 2021 2:23 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by D.G.Dayaratne Thu Sep 23, 2021 10:51 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ »  FDIs hit US$ 450mn in first 6 months

FDIs hit US$ 450mn in first 6 months

Go down  Message [Page 1 of 1]

1 FDIs hit US$ 450mn in first 6 months Empty FDIs hit US$ 450mn in first 6 months Thu Sep 27, 2012 9:15 am

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka has been able to attract US$ 452 million as foreign direct investments (FDIs) by the end of June this year, as opposed to US$ 413 million in the first six months of 2011, a government minister said.

According to Economic Development Deputy Minister Lakshman Yapa Abeywardana, the majority of investments in the first six months has come for projects in the infrastructure and services sectors.

Sri Lanka attracted US$ 321 million for infrastructure and services sectors in the first half, while US$ 126 million was lured as investments to the manufacturing sector. Investments amounting to US$ 4.5 billion were made in the agricultural sector.

As per the minister, the biggest investment in the first half had come from Hong Kongbased Shngri-La, which was about Rs.110 million. The second biggest FDI source for Sri Lanka up to June 2012 has been India with US$ 100 million.

Sri Lanka has also received significant investments from Mauritius (US$ 42 million), the United Arab Emirates (US$ 26.7 million) and Singapore (US $ 25.9 million).

Meanwhile, the number of new projects in the first six months of 2012 amounted to 143, with 96 supplementary programmes (reinvestments). In 2011, the total number of new agreements stood at 217 with 337 reinvestments.

Sri Lanka attracted US$ 1.06 billion as FDIs in 2011 and the country has set a target of US$ 1.7 billion FDIs in 2012.

Minister Yapa was very positive about reaching the target set for FDIs in 2012, as the bulk of investments is usually realized in the second half of the year.

He also said that the government has identified four locations- Colombo, Hambantota, Trincomalee and Kalpitiya as main economic development zones. He added that Colombo will be made a main trans-shipment center for South Asia after the completion of its current development programme, which is aimed at expanding the depth and land extent of the Colombo port.

Hambantota will be made the main supply, storage and trans-shipment point in Asia, while Trincomalee would be developed as a main industrial park. Kalpitiya will be transformed into a high-end tourist attraction.

All investors - foreign or local will be offered attractive tax concessions, lands and infrastructure.
http://www.dailymirror.lk/business/economy/22237-fdis-hit-us-450mn-in-first-6-months-.html

Back to top  Message [Page 1 of 1]

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