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Monday, March 14, 2005

Sri Lanka foreign investment record high in 2004

COLOMBO, March 13 (Xinhuanet) -- Sri Lanka's foreign direct investment has reached a record high in the year 2004, state radio quoted a top investment official as saying here Sunday.



Radio News Network (RNN) quoted the Chairman of the Board of Investment Saliya Wickremasuriya as saying that the foreign direct investment had reached 23 billion Sri Lankan Rupees during 2004, which he described as "a brilliant success".



The peace prevailing in the country with the on going truce agreement with the Tamil Tiger rebels is being seen as the major factor for increased foreign investment in the island nation plagued by over two decade old ethnic conflict.

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