Sri Lanka targets USD2.5Bn in FDI in 2018, USD 5Bn by 2020:Fin Min
Sri Lanka’s government is looking at attracting up to US 2.5 billion dollars in Foreign Direct Investments (FDI) in 2018, and to double it to US 5 billion by 2020, a statement said. In 2017 the the highest FDI inflows came from China, followed by Hong Kong, India and…
Lanka’s forex reserve increases to US$ 7.9 bn in February
Sri Lanka’s forex reserve assets increased to US$ 7.9 billion in February 2018, above the average four month import bill value of US$ 7.4 million Meanwhile during the period the CBSL has offered and accepted SLDBs 50% lower than its maturity.The delay in issuance of much anticipated US$…
Sri Lanka must enhance fiscal income to offset narrowing external drains: Fin Min
Sri Lanka’s Finance minister says the island must optimize utilizing local resources with a well-managed and efficient tax system as a pro-growth catalyst. My contention is that the new Inland Revenue Act will bring a paradigm shift to taxation in this country that is in line with our…
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