The Free Trade Zone Manufacturers Association (FTZMA), the sole trade chamber representing export-oriented companies under the purview of the Board of Investment (BOI), extended its congratulations to the National People’s Power (NPP) for its landslide victory in the recent General Elections. In a statement, the FTZMA lauded the NPP’s success as a testament to the
Western Automobile Assembly Private Limited (WAA) has proudly announced the opening of its advanced SKD assembly plant in Kuliyapitiya. This state-of-the-art facility, representing a significant investment of approximately USD 27 million, is set to revolutionize local vehicle assembly operations. The plant’s first assembled vehicle, a 15-seater passenger van, is expected to roll out by the
United Petroleum, an Australian energy giant, has signaled its intent to expand its operations in Sri Lanka by meeting with President Ranil Wickremesinghe. The senior leadership team, including Co-Founder Avi Silver, Group CFO Nigel Simonsz, Group Procurement Head Brett Crawford, and United Petroleum Lanka Director/CEO Dr. Prabath Samarasinghe, discussed the company’s future plans in the
Sri Lanka has made significant strides in its economic development, securing $8 billion in export revenue during the first half of 2024. In addition, investment agreements totaling $800 million were signed within the same period, according to Investment Promotion State Minister Dilum Amunugama. Speaking at a press briefing titled “Two Years of Progress and Advancements”
COLOMBO, Sri Lanka – The Board of Investment (BOI) has achieved a remarkable feat, surpassing its annual investment target of $1 billion within the first three months of 2024. This achievement was announced by State Minister for Investment Promotion Dilum Amunugama during a meeting with investors who signed agreements with the BOI in Q1. The