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Sri Lanka chose Bank of Tokyo Mitsubishi

Staff writer ▼ | August 21, 2014
The Bank of Tokyo Mitsubishi, UFJ became the first bank to sign a Memorandum of Understanding with the Board of Investment (BOI) in Sri Lanka to encourage Japanese investments.
Sri Lanka
The first bank   The aim of the agreement is to promote Sri Lanka
The aim of the agreement is to promote Sri Lanka as an attractive investment destination. The agreement entered with BOI allows investors who are considering investment in Sri Lanka to receive advice and support relating investment, besides enjoying incentives such as preferential tax rates and reduced custom duty under certain conditions.

With 764 Japanese branches and 75 foreign offices, the Bank of Tokyo Mitsubishi, UFJ is well-poised to encourage investors to Sri Lanka, officials assured.

"We can see the tendency of growing number of Japanese investors who are aware of the advantages of Sri Lanka such as high quality labor, advantageous geographical location, pro-Japanese nationality and rich resources for tourism with the backing of political and social stability in Sri Lanka," chief executive officer for Asia and Oceania Go Watanabe told reporters.