Sri Lanka’s BOI sign MOU with UK publishing firm

Apr 30, 2015 (LBO) – Sri Lanka’s Board of Investment signed a memorandum of understanding with Oxford Business Group (OBG), a publishing firm in United Kingdom yesterday to publish a report on investment opportunities and current drivers of economic growth in the Island.

“Over past few months OBG was receiving invites from our core clientele represent multinational companies seeking investment opportunities available for them here in Sri Lanka,” Brooke Butler, OBG Country Manager for Sri Lanka said.

“It is OBG opinion that Sri Lanka’s business opportunity has not been properly understood and that is due to the lack of visibility.”

OBG will produce an in detailed publication “Sri Lanka 2016”, which will explain in depth Sri Lanka’s economy and investment potential.

OBG also expects the report on Sri Lanka to analyse what the country’s promotion to middle- income economy signals beyond the short term.

“Investors have one eye on election and political transition this year. However forecasts of stronger growth in advanced economies bode well for exports, while the country should also gain from higher consumption at home,” Paulius Kuncinas, OBG’s Managing Editor for Asia said.

BOI’s Chairman said that this deal will not cost anything for BOI but will provide office space for the OBG team – country manager and five analysts, to work in order to gather information.

Butler said that publishing firm will print 120,000 copies of Sri Lanka 2016 and will be distributed to subscribers who are investors, fund managers, banks and companies.