MATRADE wants to finance Sri Lanka projects
View(s):Malaysia’s MATRADE says it is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and also constructions of resorts.
This was announced by a visiting Malaysian delegation during a meeting in Colombo with Sri Lankan businessmen at the Ceylon Chamber of Commerce. The meeting was organised by the Sri Lanka Malaysia Business Council and the chamber.
Silmi Rahman, Director, Transport, Logistics, Machinery & MRO / Europe Trade and Services Promotion division of Malaysia External Trade Development Corporation (MATRADE), said that the funding into projects in Sri Lanka will come through Malaysia’s EXIM bank channeled via the Central Bank of Sri Lanka, the chamber said in a media release.
Mangala Yapa, Chamber Secretary General/CEO, elaborated on the economic policy of the newly appointed Sri Lankan government and invited Malaysian companies to consider investing in Sri Lanka with possible local collaborations.
The meeting was presided over jointly by Aashiq Lafir, President of the Sri Lanka -Malaysia Business Council of the Ceylon Chamber of Commerce and Mr. Yapa.
“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 Mr. Lafir. He also invited MATRADE (Malaysia External Trade Development Corporation) 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.