Philippines pushes expanded trade with Sri Lanka
Workers unload one of the carriages of an imported Chinese-made train at Colombo port in Sri Lanka, Aug. 13, 2019. Sri Lanka has imported a train from China for its upcountry line at a cost of 10.3 million U.S. dollar which will be the first of nine power sets, the island's Transport Ministry said in a statement here Tuesday. Quoted in the local media, the Transport Ministry said the train is able to run on winding roads on the upcountry line. (Photo by Gayan Sameera/Xinhua). Sketched by the Pan Pacific Agency.
MANILA, Dec 15, 2019, PhilStar. The Philippine Chamber of Commerce and Industry (PCCI), in coordination with the Sri Lankan embassy, recently organized a business forum and business matching with a 16-man delegation from the Sri Lanka Philippines Business Council (SLPBC) at the PCCI headquarters in Taguig City, The Philippine Star reported.
The Sri Lankan group was led by Sri Lankan Ambassador-Designate Shobini Gunasekera, Honorary Consul Hugh Sriyal Dissanayake and SLPBC president Ravi De Silva. The Philippine side was headed by PCCI president Ma. Alegria Sibal-Limjoco, honorary chairman and director for international affairs Francis Chua and international affairs committee vice-chairman for Asia Roberto Amores. Philippine Ambassador to Sri Lanka, Bangladesh and Maldives Vicente Vivencio Bandillo also graced the occasion.
At the event, around 60 Philippine companies who had initial meetings with the Sri Lankan counterparts focused on the following sectors: information technology, construction, logistics, retail, education, food, human resource, tourism, and entertainment.
Gunasekera noted the significant potentials for a robust relationship between the Philippines and Sri Lanka. She highlighted the interest of her country’s business community in the growing Philippine economy and population as a market for their services and products such as Ceylon tea, which is acknowledged as among the best in the world. On the other hand, Sri Lanka is also experiencing economic resurgence as reflected in its dynamic tourism, construction and infrastructure sectors
To facilitate the exchange of information and conduct of business development initiatives, PCCI and SLPBC signed a memorandum of understanding highlighting the revival of the Philippines-Sri Lanka Business Council.
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