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.
|
|