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TRADE AND INVESTMENT


The commercial links between Sri Lanka and Singapore has a long history. Even in the mediaeval days through the silk route Sri Lanka had excellent trading links with its regional allies. In the modern commercial world with globalization and internationalization of businesses the countries have developed into a almost boarderless network. Sri Lanka and Singapore have healthy bilateral trade and Singapore is a convenient supply source to Sri Lanka. Further, Singapore has projected herself as an easy access for investments and Sri Lanka extends maximum cooperation to the foreign investors.

The Commercial Section of the High Commission is geared to strengthen the existing links and to create new areas of cooperation in the commercial fields between Singapore and Sri Lanka. To facilitate this following main activities are being handled by this section;

  • Servicing trade and investment inquires
  • Providing trade information such as tariff, technical requirements, import regulations etc.
  • Intervening in trade disputes with a view to arrive at amicable settlements
  • Organising Sri Lanka's participation in trade fairs & exhibitions
  • Organising inward and outward trade missions and visits
  • Promoting investments into Sri Lanka
  • Providing information on investment opportunities, facilities and incentives offered to investors.
  • Assisting Sri Lankan businessmen in their business activities in Singapore
  • Organising government to government meetings as and when necessary
  • Maintaining a good relationship with trade chambers and other associations


Information on following areas is available from http://www.tradenetsl.lk
(Sri Lanka Export Development Board)

  • Sri Lanka Products
  • Potential Markets
  • Trade Policy
  • Sri Lanka Trade Guide
  • Trade Agreements
  • Trade Related Web Sites


Information on Investment Opportunities is available from http://www.boisrilanka.org (Board of Investment of Sri Lanka)
This site provides extensive information on the following areas;

  • Board of Investment of Sri Lanka
  • Geographical location
  • Human Resources
  • Quality of Life
  • Business Environment
  • Investment Opportunities
  • Bureau of Infrastructure Investment

    Information on Import & Customs Procedures is available from www.customs.gov.lk (Sri Lanka Customs). This websites provides extensive information on the following areas;

  • Procedures on Imports
  • Procedures on Exports
  • Information on tariff
  • Information on Bonds
  • Information on enforcement
  • Laws & Regulations
  • Statistics
  • Other related matters

    The Port of Colombo has now developed into one of the best ports in Asia handling both conventional cargo and containers. Port of Colombo has been acknowledged as one of the most economical ports in the region. Information on Port facilities and related services is available from http://www.slpa.lk (Sri Lanka Ports Authority). This websites provides extensive information on the following areas;

  • EDI Facilities
  • Bonded Warehousing
  • Duty Free Shopping
  • Fully Equipped Berths
  • Competitive Rates
  • Base for Transshipment
  • Vehicle Transshipment
  • Bulk Handling
  • Conventional Cargo

    TRADE STATISTICS

    The trade statistics given below are obtained from the Singapore Trade Development Board statistical bulletin. There may be contradictions when compared with statistics obtained from Sri Lanka sources. This is due to obvious but unavoidable administrative reasons.

    EXPORTS FROM SRI LANKA

    Major exports from Sri Lanka to Singapore.
    Value in S$ Thousand, QTY in actual number

Product
1997
1998
1999
2000
Qty
Value
Qty
Value
Qty
Value
Qty
Value
Naphtha
12,132
3,899
79,691
19,098
27,601
9,297
53,088
24,684
Parts for Transformers Static Converters and Introductions
-
5,365
-
8,813
-
9,035
-
9,993
Other Fuel Oils (Tne)
39,834
6,666
-
-
30,518
5,488
-
-
Crabs Live Fresh or Chilled (Tne)
460
3,126
407
2,837
366
2,776
339
3,019
Shrimps & Prawns Frozen (Tne)
3
51
-
-
123
2,384
437
8,248
Beche-De-Mer- (Trepang) Dried Salted or in Brine (Tne)
99
3,606
97
3,150
58
1,889
46
803
Other Tea Black Leaf (Kgm)
407,124
1,584
355,552
1,669
399,114
1,863
764,519
2,964
Worked Non Industrial Diamonds
-
4,854
-
3,873
-
1,605
-
-
Solid or cushion Tyres Interchangeable type Treads & Type Flaps (Nmb)
7,182
1,345
3,735
1,403
8,382

 

1,573

 

 

7,170

 

1,494
Nutmeg (Kgm)
-
-
-
-
182,375
1,550
-
-
Other Knitting Machines Incl Machines for Tuffing & for making gimped Yarn Lace Embroidery Net & the Like (Kgm)
-
-
13
1,302
7
1,376
-
-
Cloves (Kgm)
23.000
26
-
-
240,450
1,261
-
-
Shark's Fins Dried whether or not salted Excl Smoked (Tne)
36
2,302
30
2,282
18
1,203
-
-
Pepper Black not crushed or ground (Kgm)
-
0
177,000
1,446
135,000
1,147
-
-
Parts of Garments & Clothing Accessories other than for supporting or corrective clothing woven
-
-
-
963
-
-
-
-
Others
-
36,669
-
34,681
-
21,246
-
-
Total
-
69,493
-
80,194
-
64,661
-
-

 

SINGAPORE EXPORTS TO SRI LANKA

Major exports from Singapore to Sri Lanka.
Value in S$ Thousand, QTY in actual number

Product
1997
1998
1999
2000
QTY
Value
QTY
Value
QTY
Value
QTY
Value
Liquified Butanes (Tne)
59,587
19,461
75,227
18,997
96,363
34,135
74,245
41,165
Palm Oil Refined (Tne)
10,974
11,016
9,899
12,584
30,764
30,759
15,375
12,049
Others Sewing Machines (Excl Book-Sewing Machines of Hd 84.40) (Nmb)
11,115
22,267
13,415
30,905
10,802
28,954
10,323
30,708
Other Parts & Accesories for the Machines of Heading 84.71
-
8,259
-
16,781
0
24,714
-
24,069
Stores & Parts Imported or Exported directo fro or from Shipping or Aircraft Company's Stock
-
7,604
-
11,162
-
24,619
-
16,536

High Speed Diesel Fuel
(Gas Oil) (tne)

61,243
15,940
145,669
31,716
91,011
22,841
-
-
Semi Manufactured Gold (Kgm)
-
-
568
9,032
1,432
21,373
-
-
Television Receivers Colour with or without Radios Soundor Video Recording or Reproducing Apparatus (Nmb)
47,192
14,785
39,324
12,726
64,085
19,910
91,835
26,289
Lubricating Oil Containing 70% or more of Petroleum (Tne)
25,942
14,016
32,073
17,200
37,527
18,230
30,190
18,664
Cigarettes containing Toabcco (Kgm)
502,344
22,393
465,337
20,610
292,911
13,634
220,475
10,632
Personal Effects
-
9,993
-
17,590
-
10,080
-
20,776
Parts & Accesories Equally Suitable for use with machines of two or more of headings 84.69 to 84.72
-
6,090
-
6,363
-
9,781
-
18,443
Other parts & Accesories for motor vehicle
-
7,810
-
8,576
-
9,701
-
9,164
Polythene in Primary forms having a spefic gravity of 0.94 more (Tne)
5,984
6,946
8,518
7,813
9,225
9,123
10,117
11,879
Other fuel oils (Tne)
-
-
17,866
2,134
63,133
9,003
-
-
Others
-
424,511
-
875,619
-
501,271
-
-
Total
-
591,091
-
875,808
-
787,808
-
-

 

MAJOR SINGAPORE INVESTORS IN SRI LANKA

SHING KWAN GROUP
Property Development

The World Trade Centre in Colombo is owned, developed and managed by Overseas Realty (Ceylon) Ltd, a subsidiary of the Shing Kwan Group of Companies. It is the single largest Singaporean investment in Sri Lanka. Located in the heart of Colombo's business district the 39 storey twin towers cover 750,000 sq.ft. of prime office, retail and commercial space. With a total height of 500 feet, the World Trade Centre is the tallest building in the entire South Asian Region. Headed by the well known Singaporean entrepreneur Mr S P Tao, the Shing Kwan Group has invested US$ 83.6 million as a 85% permanent workforce of 180 are engaged in management and administration while a further 200 persons find part-time indirect employment in the day-to-day maintenance work of the building. Mr Tao's personal faith in Sri Lanka has resulted in the Group exploring the feasibility of undertaking further property development projects.


SINGAPORE INFORMATICS

Computer Training

Singapore Informatics is a subsidiary of Informatics Holding Ltd., one of the largest computer training organisations in Asia. The company, which has 189 branches in 23 countries, started its Colombo operations in December 1994. The institute conducts courses leading upto Certificate, Diploma, Dual Diploma and Advanced Diploma levels. Certificates for the latter two courses are jointly issued by the University of Cambridge Local Examinations Syndicate/NCC and the University of Oxford/Delegacy of Local Examination/NCC of UK, respectively with a pass rate of between 80 percent to 95 percent the Colombo branch of Singapore Informatics has continuously maintained excellent results.


PICO GROUP
Convention Centre

The PICO Group's Sri Lanka subsidiary, Intertrade Lanka Management (Private) Ltd, was established in 1994 with an investment of US$ 2 Mn to promote Sri Lanka as a regional centre for conventions and exhibitions. With this in mind, Inertrade constructed an unique custom-built exhibition centre - the Sri Lanka Exhibition & Convention Centre in the heart of Colombo city, with facilities for hosting many areas of activity and accommodating a large number of exhibitors and visitors. This totally column - free layout of the Centre, coupled with easy accessibility to the commercial and financial district, sea port and central transportation hub makes it an ideal venue for large exhibitors and conventions. Intertrade has successfully promoted the exhibition concept over the past few years, hosting a number of major exhibitions and fairs, both at local and international level. The company also provides a fully integrated service of venue, logistics and event management and also assists in stall/booth construction, installation and design.


PRIMA LTD
Flour Milling

Prima Ltd, pioneer of Singapore's first flour mill in the early 1960's also pioneered Sri Lanka's first Build, Operate and Transfer (BOT) project in 1977. The site of the Sri Lanka mill - which was to become the world's largest integrated flour milling complex - was Trincomalee, on Sri Lanka's North-Eastern coast. Chosen for its excellent natural deep water harbour, which can handle grain carrier ships as large as 150,000 metric tons, Trincomalee and its residents rose to the occasion, resulting in the Prima Ceylon Ltd factory being completed four months ahead of schedule. The complex has a milling capacity of 3,400 Mt of wheat per day and is completely self sustained. Besides bunkering service to vessels, it has facilities to vessels for loading and unloading grain/flour direct from ships docking at the company's wharf/jetty, a complete distribution network for flour by rail, road and ship from the complex and residences, a club house, clinic and other amenities for its employees. The company which has 2 local subsidiaries, has an investment of US$ 50 Mn.


CEYLON GRAIN ELEVATORS LTD
Flour Milling/Transhipment

Ceylon Grain Elevators Ltd, a subsidiary of Prima Ltd was incorporated in 1982 with flour milling and transhipment as its two main activities and an investment of US$ 34 Mn. Transhipment business commenced in November 1984 at South Asia's transhipment hub port of Colombo. Equipped with an unloading tower of 300 MT per hour capacity, 6 high-speed packers and the extensive use of conveyors, transhipment operations can turn around a vessel of 30,000 MT in less than 2 weeks. The feed mill with a capacity of 30 MT/hour, commissioned at the end of 1984, produces high quality formulated feed for the local poultry industry and is presently the most widely used feed in the industry. The company has also popularised more scientific methods of feeding, disease control and farm management and has encouraged and assisted farmers in the cultivation of feed grain such as maize. The company has also commenced a programme of providing quality day-old chicks to the local market and maintains an up-to-date diagnostics veterinary laboratory.


KEPPEL GROUP
Telecommunication Services

Steamers Telecommunications Pte Ltd, a subsidiary of the Keppel Group, established its joint venture in Sri Lanka in 1992 to provide a national and international integrated information and communication service. In the first phase of operations, the company launched a wide area paging and information service. The company whose business mission is to undertake telecommunication related projects for the Keppel Group specializes in advanced marketing and technical services in telecommunication technology & systems and has several operations in countries of the South East Asian Region. A key area of strength of the company is its ability to source, install, commission and maintain a country-wide telecommunication network. The local company - Infocom Lanka Ltd within a 6 year period of operation with an investment of US$ 2 Mn presently commands a 70% share of the total Pager Market. Transmitting from 5 towers located throughout the country, the company offers a round-the-clock service, with specially trained trilingual operators. Value added services such as Info-News, Stock Information, Sports, Group Paging and E-mail directly onto the pager, are also offered.

 

The High Commission of Sri Lanka
slhcs@lanka.com.sg
Telephone: (65) 62544595 - 7
Fax: (65) 62507201

#13- 07/12 Goldhill Plaza,
51 Newton Road, Singapore 308900
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(C) Sri Lanka High Commission - Singapore 2001