Part of what Boards of Investment do is spin. According to the Chairman of the Sri Lanka BOI, telecom and power sector contributions will go down because tourism investments will increase, not because they are going down in absolute terms. “In the past telecoms and power sector contributed around 60 percent of FDI, while 40 percent came from other sectors,” Perera told reporters in Colombo. “In the future the telecoms and power sectors will come down to around 40 percent.” But we wonder whether this is the full story.
The Sunday Leader (Sri Lanka) had the story excerpted below tucked away in the business pages. It contains several lessons for public policy that will be discussed below. They include the importance of interrogating data to make sure that your conclusions make sense and of course the ever present problem of incentives. Some 1.2 million cellular phones were imported illegally into the country last year, causing a loss in government revenue, the B.