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SLSBC concludes successful trade, investment mission to Singapore

A delegation from the Sri Lanka- Singapore Business Council of the Ceylon Chamber of Commerce (SLSBC) successfully concluded a business mission to Singapore recently.

The business delegation was organized to coincide with the Advisory Seminar on "Doing business with Sri Lanka", a business forum organized by IE (International Enterprise) Singapore in association with the High Commission of Sri Lanka in Singapore.

IE Singapore is a Singapore Government agency tasked to promote overseas growth of Singapore-based enterprises and international trade.


Satheeka Kavisekera, the Ceylon Chamber of Commerce, Hemantha Kumara, Sarasavi Exports, Thambimuttu
Ragunathan of Raniyo, Vipula Gunatillake of Aitken Spence Co. Ltd., Kamal Prasad de Zoysa of
Sterling Lanka Group, Janaka Gunasekera of A. Baur & Co., Delegation Leader Shamil Mendis H. J. R.
Mendis of Helanka Vacations, Murali Prakash of Brown & Company PLC and Sabrina Ng of Taj Hotels
Resorts.

The seminar intended to educate participants on investment opportunities in Sri Lanka was attended by nearly 100 Singaporean companies such as APL Logistics, a wholly owned subsidiary of Singapore-based Neptune Orient Lines; a global transportation and logistics company engaged in shipping, Frasers Hospitality, a world leader in serviced residences, Freight Links Express Pte. Ltd, a leading freight forwarder with a global network, Rotary Engineering Limited, a leading oil and gas infrastructure services company with extensive international experience offering fully integrated engineering design, procurement, construction and maintenance, to name a few and members of the Singapore Business Federation and the Singapore-India Chamber of Commerce were amongst the participants.

The delegation was led by the President of the Sri Lanka-Singapore Business Council of the Ceylon Chamber of Commerce, Shamil Mendis, Chairman and Managing Director of Spear International (Pvt) Ltd. The 11 member delegation had a remarkably productive visit to Singapore.

In his opening address Capability Development Group of IE Singapore Group Director Mike Ng emphasized that "Business confidence has rebounded in Sri Lanka and the country is now focused on attracting investments, placing the country on a trajectory of growth and development and Sri Lanka is a country that presents many opportunities for Singapore companies."

Addressing the gathering Civil Aviation Ministry Secretary Sri Lanka K.V.P Ranjith De Silva, elaborated on the topic "Investment Friendly Infrastructure in Sri Lanka" focusing on greater Hambantota Development and other major projects in infrastructure.

Singapore Business Council, Sri Lanka President Shamil Mendis said the time for investing in Sri Lanka was now and that potential investors should visit the country without any delay and see for themselves the varied opportunities available as mentioned by the speakers.

Whilst commending their remarkable foresight, he quoted examples of business organizations including a leading Singaporean investor who had earlier invested in Sri Lanka and was now well positioned to benefit from the upswing in the economy and an internationally reputed hotelier who had finalized arrangements to establish two hotels of a well-known chain in Sri Lanka.

Mendis concluded by stating how the Sri Lanka-Singapore Business Council could facilitate Singapore companies to establish business links with companies in Sri Lanka.

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