Financial Times

BOI on ‘excess expats’ query
The Board of Investment (BOI) have written to BOI firms, requesting them to reduce their expatriate staff and employ locals.

“We found that certain companies were employing foreigners in excess of the requirement and we have sent them letters requesting them to reduce the expatriate staff,” Lakshman R. Watawala, Chairman BOI told The Sunday Times FT. When queried about the ‘requirement’ of staff, he said that it is ‘on a case by case basis’.

“At present we do not have a stipulated requirement as such, but we are looking at it on a case by case basis.” Watawala said that the BOI will come out with a set of stipulations soon. “We will release some stipulations with regard to expatriate staff and at present we are assessing this station,” he said.

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