Investments from Singapore have contributed to our development
Singapore a great friend of Sri Lanka - Hakeem:
COLOMBO: Post and Telecommunication Minister Rauf Hakeem said
investments from Singapore over the years has contributed immensely
towards Sri Lanka’s economic development.
Speaking at the Singapore National Day reception at Raja Bojun on
Thursday, Hakeem stated that commercial relations between the two
countries have seen a remarkable improvement in recent years.
He said: Relations between Sri Lanka and Singapore have always been
cordial, abased on shared values, mutual respect and friendship.
“Sri Lanka established diplomatic relations with Singapore on July
27, 1970. Both countries have worked together in the international and
regional forums for the mutual benefit of our two countries,” he said.
The Minister said a new chapter in bilateral relations began with Sri
Lanka’s participation in the sixth Shangri La Dialogue in Singapore in
“Sri Lanka, for the first time participated in the Shangri La
Dialogue, which in a comparatively short period of existence has earned
a name for itself as one of the best established security related forums
in the region. It is a forum, which seeks to address challenges to make
our region a safer place to live, to do business and to explore the full
potential of our respective states,” he said.
He thanked the Singaporean Government for its assistance towards
reconstructing three tsunami damaged schools: Rewatha National College,
Vijitha Central College and Tangalle Primary School.
“We appreciate the human resource development training programmes
provided by the Government of Singapore,” Hakeem said.
He said Singapore ranks within the first five countries in terms of
the value of investment in Sri Lanka.
“The World Trade Centre is the first Singaporean Flagship Company in
Sri Lanka. At present there are over 80 Singapore companies in the
country with an investment of over US$ 230 million engaged in a range of
activities such as infrastructure, services, software engineering and
manufacturing of industrial products, food and agro-products, textiles,
garments and jewellery ,” Hakeem said.