Hulangamuwa takes over BOI with focus on FDI growth and institutional reforms

Newly appointed Board of Investment (BOI) Chairman Duminda Hulangamuwa has pledged to restore the agency's authority and transform it into a genuine "one stop shop" for investors, as part of a renewed drive to narrow Sri Lanka's persistent trade deficit and accelerate export growth.

Addressing BOI staff after assuming office, Hulangamuwa thanked the organisation's senior management and employees for their dedication and contribution, saying he expected the same level of commitment as the BOI works towards achieving realistic investment targets.

He called on the entire organisation to work closely with him in the years ahead to deliver what the country needs most at this critical juncture. He also thanked outgoing Chairman Dr. Sulakshana Jayawardena for his contribution during his tenure at the BOI. 

Hulangamuwa is a chartered accountant with more than four decades of experience in finance, taxation, auditing and public policy. He most recently served as Country Managing Partner of EY Sri Lanka and Maldives, retiring from the firm on 30 June 2026.

He continues to serve as Honorary Senior Economic Adviser to the President, a position he has held since September 2024. In that role, he has represented Sri Lanka in high level engagements with the World Bank and the International Monetary Fund on macroeconomic stability and economic reforms. He is also Chairman of the Ceylon Chamber of Commerce.

Hulangamuwa is a Fellow of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Institute of Management Accountants (CIMA), UK. He also holds a Bachelor of Laws (LL.B.) degree from the University of London.

His appointment brings together extensive experience in professional services, corporate leadership, taxation, fiscal policy and economic advisory at the highest levels of government, strengthening the BOI's mandate to position Sri Lanka as a competitive destination for foreign direct investment.