Category: Economy

Sri Lanka expects US$1 billion FDI in this year despite pandemic: BoI Chief ECONOMYNEXT – Sri Lanka will receive around 1 billion US dollars of foreign direct investment in 2021 despite the Covid-19 pandemic and other disruptions, Board of Investment (BOI) chairman Sanajaya Mohottala said. Foreign Direct Investment has been on a falling trend since its record high of 1.8 billion US dollars in 2018 thanks to the sale of Hambantota port to a Chinese firm. FDI in 2019 fell to 793 million US dollars and last year it recorded…

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ECONOMYNEXT – A flight from Sri Lanka’s capital Colombo carrying politicians and monks will be the first to land at Kushinagar International Airport in India, which will be inaugurated by Prime Minister Narenda Modi. Kushinagar is the city where Buddhist believe Lord Buddha passed away known as Mahaparinirvana. The majority of citizens of Sri Lanka, which has an Indianized civilization, are Buddhists. “Kushinagar is considered to be a focal point of the Buddhist Circuit in India and the new international airport is likely to strengthen people to people interactions between…

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