COLOMBO (EconomyNext) – Sri Lanka’s state investment promotion agency has inked a deal with Oxford Business Group, a UK-based firm which will provide investment and economic information about the country.
Board of Investment Chairman Upul Jayasuriya said Sri Lanka now has a clean an administration that is transparent and investors no longer had to engage in ‘lobbying’ to get investment approvals.
Oxford Business Group will produce a Sri Lanka 2016, a publication that will deal with Sri Lanka economy and investment potential as well a regular economic news update.
Jayasuriya said the BOI will not pay the firm any fee but will provide office space for the country manager and five analysts to work and will work with team to facilitate their information gathering from state agencies and private firms.
Brooke Butler, OBG Country Manager for Sri Lanka said the firm covers emerging market countries in Africa, Asia, South America and the Middle East and earns revenue by selling their publications and advertising.
The firm will print 120,000 copies Sri Lanka 2016 which will be distributed to subscribers, which includes investors, fund managers, banks and other firms.