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Revitalising bilateral trade and investment between Lanka and Germany
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Ahamed Razee (Counsellor, Embassy of Sri Lanka, Germany), Dr, Somakanthan Somalingam (Board Member of the German – Sri Lankan Business Council, Dhammi Kandage (President of the German – Sri Lankan Business Council), Manori Unambuwe (Ambassador – designate of Sri Lanka to Germany), Nihal Samarasinha (Honorary Consul of Sri Lanka for Rhineland – Palatinate, Germany), Madurika Joseph Weninger (Consul General of Sri Lanka in Frankfurt, Germany), Margaret Ristau ( Treasurer of the German – Sri Lankan Business Council), Murugaiah Gobinath (Board Member of the German – Sri Lankan Business Council)
The Consulate General of Sri Lanka in Frankfurt am Main organised a Business Forum on July 31 on the occasion of the visit of Ambassador-designate of Sri Lanka to Germany Manori Unambuwe, a press release issued by the Consulate General said.
It said: The Business Forum was attended by more than 35 guests including eminent entrepreneurs, potential investors and officials from the Chambers of Commerce and Economic Ministries from key southern Federal States in Germany. Theme of the Event was – ‘Opportunities to revitalize Bilateral Trade and Investment between Sri Lanka and Germany’.
Consul General Madurika Joseph Weninger welcomed the participants and highlighted the special relationship between Sri Lanka and Germany. She also added that the Year 2019 was a watershed year for bilateral trade between the two countries which exceeded a Billion Euros with the trade balance being in favour of Sri Lanka.
Ambassador Manori Unambuwe in her opening remarks stated that Germany is one of the largest trading partners of Sri Lanka and economic engagement between Sri Lanka and Germany has improved significantly over the past few years and has a huge potential to strengthen it further.
She further stated that greater liberalisation and reforms were introduced by the government of Sri Lanka to spur investment and trade. The Ambassador highlighted that in the face of global pandemic, priorities are being reassessed and notable trends are seen in industry segments of Information Technology, Health and Wellness, as well as green initiatives and sustainable development, which Sri Lanka is well poised to be a partner with Germany.
Speaking on growing demand for digitalization, the Ambassador highlighted the well-developed infrastructure and resource pool availability in Sri Lanka and invited German companies to consider Sri Lanka as an outsourcing destination. She further said ‘we are a signatory to the WIPO (World Intellectual Property Organization) which provides protection and confidence to entrepreneurs engaging in software development and a series of webinars are being planned with relevant organisations to raise awareness of Sri Lanka as an ideal destination.’
Counsellor of the Sri Lanka Embassy in Germany Ahmed Razee presented an overview of economic developments between the two countries and underlined Sri Lanka’s unique geographical position combined with a skilled labour force and attractive incentives, which makes Sri Lanka an ideal launch pad to reach a broader market in the Asian region, through several Free Trade Agreements. He further shared the advantages of trade for SMEs which can leverage GSP Plus concessions to increase exports to the German market.
The Event concluded with the Consul General of Sri Lanka hosting a traditional Sri Lankan lunch to the Ambassador and the distinguished invitees to the Business Forum.
On July 30 Ambassador Unambuwe held meetings with Dr. Jurgen Ratzinger, Managing Director for International Business of the Frankfurt Chambers of Commerce and Industry, (IHK) and Johannes Richter, Unit Head for Southeast Asia of IHK to discuss opportunities to further increase Sri Lanka – German trade and investment cooperation.
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Secretary to the President meets with heads of the Health sector
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A special discussion between Secretary to the President Dr. Nandika Sanath Kumanayake and the heads of the health sector was held on Tuesday (18) at the Presidential Secretariat.
During the meeting, it was discussed that a committee would be formed to explore possible steps that could be taken through the President’s Fund to reduce the number of patients on long waiting lists for surgeries in government hospitals.
The committee is expected to submit a report on the matter within one month. Based on the findings, appropriate actions will be taken, as indicated by the Secretary to the President.
The discussion highlighted the significant number of patients, including those requiring cardiac, ophthalmic, and paediatric surgeries, who are currently awaiting procedures on long waiting lists at government hospitals.
Attention was also given to the potential support that could be provided by the President’s Fund and other relevant sectors to address the challenges faced by these patients.
Additionally, discussions were held regarding the possibility of conducting surgeries after regular working hours at government hospitals. The challenges faced by doctors and staff were also thoroughly discussed during the meeting.
The discussion was attended by several key officials, including Deputy Minister of Health and Mass Media Dr. Hansaka Wijemuni, Secretary to the Ministry of Health and Media Dr. Anil Jasinghe, Additional Secretary (Public Health Services) Dr. Lakshmi Somathunga, Director General of Health Services Dr. Asela Gunawardena, Senior Additional Secretary to the President Roshan Gamage, along with directors and specialist doctors from major hospitals across the country.
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Govt. plan to boost revenue with taxes on vehicle imports unrealistic, warns Harsha
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By Saman Indrajith
SJB Colombo District MP Dr. Harsha de Silva told Parliament yesterday that vehicle imports would be affected by unusually high prices. Commencing the Second Reading debate from the Opposition side, Dr. de Silva said that President Anura Kumara Dissanayake had, in his Budget speech, projected a substantial portion of tax revenue from vehicle imports. “What is the feasibility of such expectations, given the current price surge,” the MP queried.
“Who can afford to import vehicles at these rates? I do not believe there are enough affluent individuals in Sri Lanka to sustain vehicle imports at these exorbitant prices.”
Providing examples of the dramatic price increase, Dr. de Silva pointed out that a Toyota Raize now cost Rs. 12.2 mn, a Toyota Yaris Rs. 18.5 mn, and a Toyota Prius a staggering Rs. 28.9 mn.
“Someone mentioned that a Toyota Vitz could be available at Rs. 1.4 mn.”
Dr. de Silva said that the government aimed to increase tax revenue by 1.6% of GDP with a significant portion expected from vehicle imports. However, he warned that achieving that target was unrealistic under current circumstances. The government must reassess its reliance on this sector for increasing tax revenue,” he said.
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SLN receives shallow water multi-beam echo sounder from Australia
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Giving a significant boost to Sri Lanka’s hydrographic capabilities, the government of Australia handed over a state-of-the-art Shallow Water Multi-Beam Echo Sounder to the Sri Lanka Navy Hydrographic Service (SLNHS) during a ceremony held at SLNS Rangalla today (18 Feb 25). The formal ceremony was held under the auspices of the High Commissioner of Australia to Sri Lanka, Paul Stephens and the Commander of the Navy, Vice Admiral Kanchana Banagoda, marking new chapter in the discipline of hydrography.
The Australian government provided the Sri Lanka Navy with this Multi Beam Echo Sounder to enhance its hydrographic capabilities. This advanced equipment will enable the Sri Lanka Navy Hydrographic Service (SLNHS) to conduct precise hydrographic surveys, essential for creating nautical and electronic charts for international use. The device will also facilitate the production of high-precision nautical charts, ensuring safer maritime navigation.
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