MATRADE wants to finance Sri Lanka projects

MATRADE officials meeting Ceylon Chamber members

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

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

Ceylon Chamber of Commerce Secretary General/CEO Mangala Yapa 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 jointly by Ceylon Chamber of Commerce Sri Lanka-Malaysia Business Council President Aashiq Lafir and Mangala 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 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.