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Sri Lanka targets $1.5bn FDI this year after missing 2012 goal Vote_lcap68%Sri Lanka targets $1.5bn FDI this year after missing 2012 goal Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka targets $1.5bn FDI this year after missing 2012 goal

Sri Lanka targets $1.5bn FDI this year after missing 2012 goal

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
COLOMBO: Sri Lanka hopes to attract $1.5 billion in foreign direct investment (FDI) in 2013 after missing the target of $2 billion last year, the country's Treasury Secretary said on Friday.

The $59 billion economy had aimed for a record $2 billion FDI in 2012, a two-fold increase from the previous year.

"We would have got a foreign direct investment of around $1 billion, similar to the previous year," Treasury Secretary P.M. Jayasundera told reporters in Colombo. "But there are some quality investments in the pipeline."

The island nation's FDI dropped by 9.4 percent in the first three quarters of 2012 to $614.7 million, the central bank's latest data showed.

Government officials have said the slowdown in advanced economies hit FDI last year, while economists and analysts say Sri Lanka's inconsistent economic policies have contributed to the drop.
http://www.brecorder.com/world/global-business-a-economy/99149.html?

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Off by 50% thats huge.

sriranga

sriranga
Co-Admin
@slstock wrote:Off by 50% thats huge.
http://forum.srilankaequity.com/t25242-harsha-alleges-cbs-2012-roadmap-was-directionless-off-track-wants-a-wiser-cabraal

http://sharemarket-srilanka.blogspot.co.uk/

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