June 02, Colombo (LNW): The government is set to appoint a new Chairman for the Board of Investment of Sri Lanka, ending a five-month vacancy that has hampered administrative and strategic decisions at the country’s premier investment promotion agency.
The previous Chairman, Arjuna Herath, resigned abruptly in December 2025. Since then, the BOI has operated without a permanent head, a delay that inside sources say has impacted the institution’s ability to function effectively.
Foreign direct investment has become a key political flashpoint. The BOI has not publicly disclosed its performance over the past five months, despite repeated opposition allegations that Sri Lanka has failed to attract any substantial FDI during this period.
Opposition critics have seized on the lack of transparency, questioning whether the government is deliberately withholding poor investment figures.
According to inside sources close to the Presidential Secretariat, President Anura Kumara Dissanayake is likely to appoint a new Chairman within this month. The appointment is expected to bring much-needed leadership stability to the BOI as the government seeks to revive investor confidence.