INSUBCONTINENT EXCLUSIVE:
The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter
of 2025, compared with the same period in 2024.This was disclosed today (20) during a progress review meeting of the Board of Investment of
(PMD).BOI officials also noted that, relative to the first quarter of 2024, domestic investment rose by US$21 million, while export income
increased by US$176 million during the first quarter of 2025
In total, Sri Lanka has attracted US$4,669 million in foreign investment thus far in 2025.The meeting also focused on the issues and
challenges associated with attracting investment to the country and discussed potential strategies to address them, the PMD said.Addressing
the gathering, President Anura Kumara Dissanayake stated that the Board of Investment holds a pivotal role in enhancing the national economy
and improving the living standards of the rural population.He stressed that opportunities to attract investment in traditional sectors are
mandate.The President further noted that Sri Lanka has attracted only around US$22 billion in investment since 1978
US$23 billion in investment in 2022 alone.He went on to state that the BOI should prioritise the expansion of investment in the services
sector and proactively seek new investment opportunities, rather than focusing solely on recapturing missed ones, the statement added.The
event was attended by senior officials of the Board of Investment, including Duminda Hulangamuwa, Senior Advisor to the President on
Economic Affairs; Arjuna Herath, Chairman of the Board of Investment; and Renuka Weerakone, Acting Director General of the Board of
