Tag Archive for ‘Board of Investment’ at LIRNEasia

Tag Archive for 'Board of Investment'

Call for Papers: Infrastructure Regulation: What works, Why, and How do we know?
Deadline: 05 December 2008.

Sri Lanka telecom FDI: Is this the high point?

on August 26, 2008

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
Tags: Board of Investment, Dialog, investment, JHU, profit.

Last excuse for charging USD 200 per CDMA connection gone

Rohan Samarajiva

on May 15, 2007

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.

Comment
Tags: Board of Investment, CDMA, Sri Lanka Telecom, USD.

Which industry in Sri Lanka attracted the most foreign investment in 2006?

Rohan Samarajiva

on April 20, 2007

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 industry. Under
Sections 17 and 16 of the BOI Act, 354 projects were
approved in 2006 with an investment commitment of
Rs.3,991.6 billion compared with 374 projects approved in
2005 with an investment commitment of Rs.79.5 billion.
There was also a local mega investment in the area of airline
services in 2006. The accumulated realised investments in
the BOI projects was Rs.468 billion and increased by 23.2
per cent in 2006 compared with Rs. 380 billion in 2005.

…

2 Comments
Tags: airline services, Board of Investment, India, Indonesia, Pakistan, Rs, Sri Lanka, The Central Bank, USD.

Sri Lanka “encourages” CDMA rollout by increasing duty on handsets

Rohan Samarajiva

on March 14, 2006

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.

CDMA is a low cost cellular technology that has been effectively used world over to provide cheaper connectivity to rural homes. Though the technology is similar to mobile phones, the handsets are similar to a bulky fixed line unit.

Being BOI companies, Suntel and Lanka Bell, are allowed to import customer premises equipment or handsets without paying import duties.

However, since rolling out CDMA services since last June, Lanka Bell and Suntel have been asked…

8 Comments
Tags: Board of Investment, CDMA, Japan, Lakshman Watawala, Lanka Bell, low cost cellular technology, mobile phones, Rs, Sri Lanka, Sri Lanka Telecom, Suntel, wireless local loop, wireless local loop telecom operators.

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