SL attracts less FDIS in 2011

Sri Lanka attracted approximately US$ 300 million in Foreign Direct Investment (FDI) during 2011, as compared with US$ 478 million and US$ 404 million in 2010 and 2009, according to World Investment Report by UNCTAD (United Nations Conference on Trade and Development)

According to the report, FDI outflows from the country were recorded at US$ 50 million.

However, with a stated target of US$ 1.75 billion in FDI being set for the end of this year.

In terms of FDI attraction ranking, Sri Lanka was rated at 159 out of 182 countries.Pakistan and Bangladesh were ranked above Sri Lanka at 127 and 144, while Afghanistan and Bhutan were ranked at 168 and 174, followed by Nepal at 175.

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Where you you stand on this private members bill?

Director General of the Media Center for National Security (MCNS) Lakshman Hulugalle, who has been appointed to the board of directors of Commercial Bank, has been ordered a suspended jail term and fined by the Colombo High Court over a timber racket.

Sri Lankan diplomats serving in overseas missions say it is humorous to hear the President reprimanding mission heads saying their only aim was to educate the children when the President had used all resources in overseas missions to provide facilities to his three sons to be educated overseas.

Raja Economics.

'Emerging Global & Regional Prospects and the Benefits of Regional Co-operation'