Sri Lanka, Nov. 17 -- Foreign Direct Investment (FDI) would reach around US$ 1.5 billion this year which is relatively not bad, but promising, given the October 2018 political upheavals and this year's April terrorist attacks, said the Board of Investment of Sri Lanka (BOI) Chairman Mangala Yapa addressing the media on the status of FDIs for 2019 last week. According to statistics, foreign direct investments to the tune of around US$ 750 million has flown into the country during the first two quarters this year.
"We will end the year with around US$ 1.5 billion in FDIs," Yapa said adding that the country has the potential to attract over US$ 3 billion in the coming year 'provided there are no political and security hiccups'. The BOI set a ...