Category Archives: News

Mangala Yapa Appointed New BOI Chairman

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

$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 […]

Agreement Signing – 07.01.2019

Description of the project Skylift Container Depot and Logistics (Private) Limited. To set up a facility that would be engaged in warehousing and logistic services with a container depot. Location – Walgama, Malwana. Date of Signed – 07th January 2019. Investment Value – US$1.83 million Employment Generation – 49

Agreement Signing – 31.12.2018

Description of the project ARC Estate (Private) Limited. To set up a Service Apartment Complex. Location – No – 65, Horton Place, Colombo – 07. Date of Signed – 31st December 2018. Investment Value – US$ 5.168 Mn Employment Generation – 100

Agreement Signing – 31.12.2018

Description of the project Australasian Higher Education Services (Private) Limited. To set up a Hospitality Management Training Institute. Location – No – 59A, Alexandra Place, Colombo – 07. Date of Signed – 31st December 2018. Investment Value – US$ 0.64 Mn Employment Generation – 26

New BOI Projects signed in Tourism and Pharmaceutical Sectors: future Hilton Hotel in Yala, I V Fluids to be locally made

The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were signed on behalf of the BOI by the Chairman Mr. Hemasiri Fernando. Also present was Mrs. Champika Malalgoda, Director General of BOI. The Wild Beach Resorts (Private Ltd) project is to set up, construct […]

Board of Investment of Sri Lanka has revised BOI Rates with effect from 01/01/2019

SCHEDULE  I LAND PREMIUM AND GROUND RENT FOR ENTERPRISES IN THE EXPORT PROCESSING ZONES/INDUSTRIAL PARKS  Minimum Rate When Calling for bids Charges per Acre Column I Column II No. Export Processing Zones and Industrial Parks Non Refundable Land Premium Payable Upfront  US$ Ground Rent (per annum) US$ 1. *Katunayake 60,000.00 5,130.00 2. *Biyagama 60,000.00 5,130.00 […]

Agreement Signing – 30.11.2018

  Description of the project Braybrooke Residential Tower (Pvt) Ltd. To set up an Apartment Complex. Location –  1) No-294/1 – 294/6, Colvin R De Silva Mawatha, Colombo – 02. 2) No – 11 & 15, Braybrooke place, Colombo – 02.   Date of Signed – 30th November 2018.   Investment Value – US$ 98.22 […]

Attraction of investment into the Trincomalee district by BOI fuels significant development and employment generation

The Board of Investment of Sri Lanka has played a vital role in promoting and developing the economy of the Eastern Province of the island.  In the past, the district of Trincomalee had suffered as a result of the internal conflict faced by the country.   Economic development generated by investment has fostered and brought about […]