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    Malaysia ready to finance projects in Sri Lanka

    August 26, 2015

    Malaysia 's national trade promotion agency, Malaysia External Trade Development Corporation (MATRADE) said it is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and resort constructions.

    This was announced by MATRADE, when they met a group of Sri Lankan businessmen at the Ceylon Chamber of Commerce. The meeting was organized by Sri Lanka Malaysia Business Council and the Ceylon Chamber of Commerce.

     

    Silmi Rahman, Director, Transport, Logistics, Machinery and MRO Europe Trade and Services Promotion division of Malaysia External Trade Development Corporation (MATRADE) said the funding into projects in Sri Lanka will come through Malaysia's EXIM bank channeled via the Central Bank of Sri Lanka.

     

    Ceylon Chamber of Commerce, Secretary General and CEO Mangala Yapa, elaborated on the economic policy of the new Sri Lankan government and invited Malaysian companies to consider investing in Sri Lanka with possible local collaborations.

     

    The meeting was presided jointly by Aashiq Lafir, president of the Sri Lanka -Malaysia Business Council of the Ceylon Chamber of Commerce and Mangala Yapa, Secretary General / CEO of the Ceylon Chamber of Commerce.

     

    "We are glad to assist you to identify matching business partners and provide necessary information regarding prevailing regulations in Sri Lanka for investments in the areas we discussed," said Aashiq Lafir.

     

    He also invited MATRADE to consider relocating or operating an external office in Colombo to speed up the process of further strengthening trade and investment opportunities between Sri Lanka and Malaysia.

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