LatestYou may have heard that Sri Lanka is intent on drumming up more foreign direct investments up to $5 billion by 2020. What is foreign direct investment and why does Sri Lanka need it? Very simply, foreign direct investment (or FDI) is an investment made by a company or an individual in a foreign country. Such investments can take the form of establishing a business in Sri Lanka, building a new facility, reinvesting profits earned from Sri Lanka operations or intra-company loans to subsidiaries in Sri Lanka. Next week, I’ll examine how the country can do it in 6 ways Sri Lanka can attract more foreign investment

Source: Sunday Times May 30, 2018 21:33 UTC