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Monthly Archives: May 2019

BOI SIGNED AGREEMENT WITH SLT, GRANTING APPROVAL TO INSTALL EQUIPMENT IN 157 SITES.

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  • May 28 2019
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  Granting approval to install telecommunication equipment in 157 sites, the BOI signed an agreement with the National Communication Service Provider, Sri – Lanka Telecom (SLT) recently. This approval was also permitted by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL).   On behalf of the BOI Mr. Mangala Yapa, Chairman of the Board signed […]

Agreement signed between BOI and Hutchison Telecommunication Lanka (Private) Limited will strengthen telecom infrastructure

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The Board of Investment of Sri Lanka signed a supplementary Agreement with Hutchison Telecommunications Lanka (Private) Limited permit the enterprise to set up a warehouse facility to be used for storage at Diyabula Estate, Wattala. The Agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the Board and by Mr. […]

Global Seafoods under Agreement with BOI to process Wakame seaweed: A new product added to Sri Lanka’s export basket

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  The Board of Investment of Sri Lanka signed a supplementary Agreement with Global Seafoods Pvt Ltd on 17th May 2019, to process Wakame Seaweed for export in their existing factory complex.  The Agreement was signed on behalf of the BOI by Mr. Mangala Yapa, Chairman of the Board and by Mrs. Radhika Subasinghe, Director […]

BOI Communiqué – 08.05.2019

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Ministers Malik Samarawickrama, Kabir Hashim and Rishad Bathiudeen and Chairman, Board of Investment had productive discussions with H.E. Dr. Mohammed Hamed Al Ruhmy, Minister of Oil and Gas of Oman, the Officials of the Oman Oil Company & Orpic, the integrated Oil & Petrochemical Company (Oman Oil Refineries & Petroleum Industries Company)during their recent visit […]

Mangala Yapa Appointed New BOI Chairman

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Mangala Yapa, a respected professional with extensive private sector and public sector experience, has been appointed as the new Chairman of the Board of Investment by H.E. President Maithripala Sirisena. Mr. Yapa assumed duties as the 22nd Chairman of the country’s apex investment promotion authority, following an earlier stint as a Member of its Board. […]

Largest ever FDI sign of working Govt. says PM

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$3.8b refinery inaugurated with fanfare in H’tota on RW’s b’day  PM says latest investment shows H’tota is open to all countries  Outlines plans to increase projects, develop investment zone  Mattala to be operational in three months, tourism corridor from Mattala to Katunayake planned  Insists Govt. has delivered on promises, converted H’tota’s “white elephants” into viable […]

BOI Statement Regarding Oil Refinery Project in Hambantota

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We refer to the recent Reuters news report with regard to the above project . We are aware that there is no agreement that has been signed between Oman’s Ministry of Oil and Gas and Silver Park International PTE Ltd with regard to equity arrangements of the project. However, we are aware that Oman Oil […]

Ground breaking Ceremony of Two Landmark Investment Projects in Mirijjawila Export Processing Zone

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The 8th EU- Sri Lanka investor dialogue consolidates economic relations and resolves important matters

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The 8th EU- Sri Lanka investor dialogue consolidates economic relations and resolves important matters – The liberalization of shipping sector was discussed. The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade recently. Many of the earlier outstanding matters had been resolved through dialogue and the joint efforts […]

Under a new agreement with BOI, a leading Indian Investor to manufacture Aluminium Food Containers and Aluminium Wrap at Mirigama EPZ

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The Board of Investment of Sri Lanka signed an Agreement with ARD Aluminium (Pvt) Ltd to set up a factory to manufacture aluminium food containers with lids and aluminium home foil wrap for food. Currently these products which are popularly used by the catering industry are largely imported from other countries, notably China. This company […]

HIGH POWERED TEAM FROM MICHELIN HOLDS DISCUSSIONS WITH BOI CHAIRMAN AND DIRECTOR GENERAL- FRENCH TIRE MANUFACTURING GIANT TO SET UP IN SRI LANKA AS BOI ENTERPRISE

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  A delegation from Michelin, the French tire manufacturing giant met with the BOI chairman Mr Hemasiri Fernando and Mrs Champika Malalgoda, Director General of the BOI. Mr Eric Le Corre, Group Director for Public Affairs of Michelin was accompanied by Mrs Nandita Khurana, Zone Head- Legal Africa, India, Middle East and Director Public Affairs […]

JOHN KEELLS GROUP LOGISTICS CENTRE TO BE BUILT IN WATTALA UNDER NEW AGREEMENT WITH BOI

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The Board of investment of Sri Lanka signed an Agreement with Logipark International (Pvt) Ltd to construct, commission and operate a logistics center to provide integrated logistic services, container freight station, multi country consolidation and a range of local and international logistics solutions. The Agreement was signed by Mr. Zafir Hashim, Sector Head – Transportation […]