Meeting the traget of a billion dollars of FDI in 2008 seems to rest on foreign investment continuing at a high rate in telecom. After all, in the first half of the year, telecom brought in USD 291 million, out of a total of USD 425. However, the increasing hostility to the sector driven by the JHU plus the decline in people’s buying power pulled down profits last quarter. The largest mobile operator, Dialog, stated that its capital expenditures for the coming year will be cut by about 25 percent at an investment briefing recently.
One cannot draw conclusions from one quarter, but do not be surprised if the first half of 2008 turns out to be the high point of investment in the sector.
3 Comments
TheWhackster
Well I don’t want to sound like a broken record (to those of you in the telecom sector), but Airtel is yet to fully launch into SL. and even though their predicted USD 200 Million investment over 18 months might have been downscaled, we are still looking at a significant investment from them. they have already set up basic firm infrastructure and also started on their main coverage network infrastructure as well. They could speed it up in the latter half and make up the deficit you mentioned.
Rohan Samarajiva
Why Airtel is so late in offering services is a mystery.
The general inhospitable conditions would affect their investment decisions as well.
Tatiana
Very useful post. where can i find more articles about ka telecom FDI: Is this the high point? at LIRNEasia ?
Workshop: Digital Tools for Strengthening Public Discourse
Today, LIRNEasia hosted a workshop to launch digital tools created by Watchdog Sri Lanka, funded by GIZ’s Strengthening Social Cohesion and Peace in Sri Lanka (SCOPE) programme. Researchers, practitioners, activists and journalists attended to learn about these tools, and how they can potentially help them in their own lines of work.
Election Misinformation in Sri Lanka: Report Summary
Election misinformation poses a credible threat to Sri Lanka’s democracy. While it is expected that any electorate hardly operates with perfect information, our research finds that the presence of an election misinformation industry in Sri Lanka producing and disseminating viral false assertions has the potential to distort constituents’ information diets and sway their electoral choices.
Election Misinformation in South and South-East Asia: Report Summary
A powerful weapon in a time of global democratic backsliding, election misinformation may undermine democracy via a range of mechanisms. Election misinformation may influence an electorate to cast their ballots for candidates they otherwise might not have on the basis of incorrect information about a country’s economy, the candidates, or some other phenomenon.
Links
User Login
Themes
Social
Twitter
Facebook
RSS Feed
Contact
12, Balcombe Place, Colombo 08
Sri Lanka
+94 (0)11 267 1160
+94 (0)11 267 5212
info [at] lirneasia [dot] net
Copyright © 2024 LIRNEasia
a regional ICT policy and regulation think tank active across the Asia Pacific