Tag Archives: Board of Investment
Board of Investment has granted approval to a sixth mobile/ 5th fixed operator. The Board of Investment of Sri Lanka granted investment approval to a new mobile (GSM) and fixed (SCDMA) telecommunications network provider. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate [...]
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 [...]
LANKA BUSINESS ONLINE – LBO Sri Lanka Telecom (SLT) said Tuesday it has received BOI status from the Board of Investment that would enable it to import and buy locally project-related items free of customs duty. Powered by ScribeFire.
The Central Bank Annual Report 2006 (p. 39) states: The inflow of foreign direct investment increased substantially by 110.3 per cent to US dollars 604 million in 2006 . . . . Of the total foreign direct investment in 2006, more than 60 per cent was invested in telecommunication sector, textiles, wearing apparel and leather [...]
The LBO story states: Sri Lanka’s two private wireless local loop telecom operators have been called up to pay around Rs. 400 million as duties for importing handsets, industry officials said. Last month, the island’s Board of Investment (BOI) slapped a 33 percent import duty on Code Division Multiple Access (CDMA) handsets with immediate effect. [...]