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Prajeeth Balasubramaniam re-elected as the President of SLSBC

13 Jul 2021

  • 8 potential subcommittees in place to promote trade between Sri Lanka and Singapore 
The 24th Annual General Meeting of the Sri Lanka – Singapore Business Council (SLSBC) of The Ceylon Chamber of Commerce was held on 16 June 2021 via Zoom. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, investments, tourism and services between Sri Lanka and Singapore. BOVCapital Ltd. Managing Partner Prajeeth Balasubramaniam was re-elected as the President of the Council for the year 2021-2022. A Baur & Company Ltd. Agri Inputs Deputy Managing Director Janaka Gunasekara, Prima Singapore Corporate Manager Tan Beng Chuan, and KPMG Partner Shiluka Gunawardena were elected as Vice Presidents of the Council.  The Honorary Consul General of the Republic of Singapore in Colombo Dr. Jayantha Dharmadasa remarked that the Council has moved forward despite all obstacles to enhance trade between the two countries, and he further mentioned that he is willing to extend his support towards the development of the council activities. The SLSBC President mentioned that: “As promised at the last AGM the council took the initiative to formulate eight subcommittees under the sectors gem and jewellery, real estate, healthcare/pharma, education, agriculture/food processing/security ag-tech, rubber (tyre, auto parts), boat manufacturing, logistics, supply chain and last mile, and fintech. All sectors have made progress under each subcommittee with the help of relevant authorities and specially with the assistance of the Sri Lankan High Commissioner in Singapore, Commercial Counselor of the Sri Lankan Embassy in Singapore, Enterprise Singapore, Singapore Business Federation and many other institutions in Singapore.” He stated that the Real Estate subcommittee is organising a webinar in July 2021 on the trending developments of the real estate sector in Sri Lanka which will be followed by a panel discussion. As a follow up action from the webinar on the Pharma Manufacturing Opportunities in Sri Lanka, the subcommittee is preparing a sectoral FDI note covering the pharmaceutical and healthcare industry landscape in Sri Lanka and intend to publish the same by Q3 or Q4 of 2021. He also added that the Agri subcommittee is currently working with the Sri Lankan High Commission in Singapore to identify potential Venture capitalist and private investors to promote the selected Agri tech startups for potential investment and market opportunities. The Fintech subcommittee is working with the Sri Lankan High Commission in Singapore, Central Bank of Sri Lanka, and Monetary Authority of Singapore on the Sandbox with the objective of increasing participation by domestic players as well as exploring possibilities for Singapore Fintech players to use the CBSL Sandbox.      Aitken Spence Cargo (Pvt.) Ltd., Kalhari Enterprises, MAC Holdings (Pvt.) Ltd., Overseas Realty (Ceylon) PLC, Spear International (Pvt.) Ltd., Star Promotions (Pvt.) Ltd., and Tengri Aero Industries (Pvt.) Ltd. were elected from the membership to serve on the Executive Committee of the Council. From left: Aitken Spence Cargo (Pvt.) Ltd. Vice President Jerome Brohier, SLSBC Vice President Tan Beng Chuan, MAC Holdings (Pvt.) Ltd. Chief Financial Officer Tilak Gunawardana, SLSBC Vice President Janaka Gunasekera, SLSBC President Prajeeth Balasubramaniam, Tengri Aero Industries (Pvt.) Ltd. Chairman Eric Wikramanayake, SLSBC Immediate Past President Rohitha Mendis, Overseas Realty (Ceylon) PLC  Head of Leasing Kumi Miranda, Kalhari Enterprises Chairman/Group Managing Director Indhra Kaushal Rajapaksa, SLSBC Vice President Shiluka Gunawardena, Spear International (Pvt) Ltd. Chairman/Managing Director Shamil Mendis, Star Promotions member Sharhan Muhseen 


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