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An opportunity to hear from a range of leading FDI and portfolio investors

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Sri Lanka Investment Forum from June 7 to 9

Sri Lanka Investment Forum (SLIF) 2021, the first and largest virtual investor forum in the region, is set to draw participation from portfolio and direct investors from across the globe. 

SLIF 2021 will be held from June 7 to 9, 2021 and will feature 50+ sessions scheduled to reach across two time zones, enriched with expert insight from across diverse industries.

SLIF 2021 is jointly organised by the Board of Investment, Ceylon Chamber of Commerce and Colombo Stock Exchange.

SLIF 2021 will be inaugurated by President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa will deliver the opening address on the second day of the event. 

The forum will run on three tracks with Track 1 featuring a high-powered agenda, where top policymakers, heads of state institutions and private sector will deliver addresses on topic salient to Sri Lanka’s investment proposition.

Track 2 on the SLIF 2021 agenda will include the exposition of immediate portfolio and direct investment propositions with sector deep-dives highlighting specific opportunities, policies and enabling regulation; this track will feature prominent experts from across several growth industries in Sri Lanka.

Track 3 will showcase the experiences and future plans of seven investment partner countries, co-hosted by the high commissions and embassies of the partner country and Sri Lanka’s foreign missions. Partner country sessions will cover a broad spectrum of foreign investments present in Sri Lanka from Japan, Korea and China in the East through India to the European Union, UK and USA in the West. 

Track 3 will also feature deep-dive sessions specific to Sri Lanka’s ITES and tourism industries, hosted by the SLAASCOM and Sri Lanka Tourism, respectively.

The forum will provide the opportunity to hear from a range of leading FDI and portfolio investors, who have experience in investing in Sri Lanka such as London Stock Exchange Group, HCL, Shangri-La, Blackstone, Tundra Fonder and AFC Asia Frontier Fund to name a few.

 

 



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SL youth eligible for employment in Korea, to get the opportunity shortly

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The Korean Ambassador to Sri Lanka Woonjin Jeong assured the Foreign Minister that the facilities required for the Sri Lankan youth who are eligible for employment in Korea to travel to Korea will be provided shortly. He was speaking at a discussion on the delays faced by young people who are eligible for jobs in Korea, chaired by the Foreign Minister Dinesh Gunawardena at the Foreign Ministry on 16 June, 2021. State Minister of Foreign Employment Promotion and Market Diversification Priyankara Jayaratne, Secretary to the State Minister of Foreign Employment Promotion and Market Diversification Suntharam Arumainayaham, Chairman Kamal Ratwatte, Director Nimal Thibbatumunuwa and Deputy General Manager Mangala Randeniya of the Foreign Employment Bureau were also participated in the discussion.

The Foreign Minister pointed out that those who have qualified for jobs in Korea have been expecting to leave for jobs in Korea for a long time; however it has been avoided day by day due to the COVID pandemic. The Minister also pointed out that they are under severe mental stress due to this.

The Korean Ambassador to Sri Lanka explained the position of the Korean Government and stated that it has been planned to provide employment opportunities in Korea to all those who are eligible for employment in Korea. He said there is a delay in providing those opportunities due to the COVID pandemic; however assured that he is focussed on sending them to Korea at the earliest available opportunity.

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Sterilizer device launched in Sri Lanka

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At a time when the Covid-19 epidemic is spreading around the world, you will no doubt be happy to hear that those invisible germs that collect in such a closed environment can now be destroyed by a small device called STERIONIZER introduced to Sri Lanka by ABC Trade & Investments.

This small device has made life easy for many as you can clean your home or any other place (specially closed environment) by plug-in the STERIONIZER.  

STERIONIZER system keeps air ducts, air heat exchangers and machinery clean and supplies sanitized air in enclosed areas and each ionizing device is completely maintenance free and connected to a data-bus for supervision and monitoring.

STERIONIZER is priced at Rs. 35,000. Phone 070 3 525 525 or 070 1 853 529 for more information.

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Indian assistance to implement solar power project

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It is expected to provide financial benefit to low-income households

 

Measures have been taken to increase the contribution by renewable energy sources to the national power grid by enhancing solar power generation as per the National Policy Framework.A key plan of the Government is to generate solar power by obtaining the contribution of state-owned buildings, places of worship and houses of the low-income families.

It is expected to provide financial benefit to low-income households and to curtail the expenses incurred by the state institutions for electricity, from the project. Steps will also be taken to provide facilities to store solar energy in batteries for the low-income families that are unable to access the national power grid.

The project also includes generating power by installing floating solar panels as a solution to land scarcity. Under the first phase of this, plans have been initiated to generate electricity required for the Parliament centering the Diyawanna Lake as a model project.The Government of India, one of the main stakeholders of Sri Lanka for this project, has entered into a bilateral loan agreement by agreeing to grant a Line of Credit amounting to US$ 100 million through the Export Import Bank of India.The agreement for the Line of Credit signed by the Sri Lankan Government and the Export Import Bank of India was exchanged between Finance Secretary S. R. Attygalle and Indian High Commissioner Gopal Baglay in the presence of President Gotabaya Rajapaksa and State Minister Duminda Dissanayake at the Presidential Secretariat recently.

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