Sri Lanka–Singapore Business Council holds 19th AGM

Seated from left: Vice President Upali Bandaranayake, Vice President Rohitha Mendis, President Shamil Mendis, Vice President Prajeeth Balasubramaniam and Secretariat Julianne Boulton
Standing from left: Just in Time Holdings (Pvt.) Ltd Chief Operating Officer Chrishan Mendis, Aitken Spence Cargo (Pvt.) Ltd Managing Director Rohantha Peiris, A Baur & Company Ltd Deputy Managing Director Janaka Gunasekara, Prima Ceylon Ltd Executive Director/Group General Manager Tan Beng Chuan, MAC Holdings (Pvt.) Ltd Chairman/Managing Director Andre Fernando and Ovearseas Realty (Ceylon) PLC Manager Marketing Yamuna Jayarathna

The 19th Annual General Meeting (AGM) of the Sri Lanka–Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce (CCC) was held recently at the CCC. 
The SLSBC was inaugurated in 1997 under the aegis of the CCC with the objective of promoting trade, investments, tourism and services between Sri Lanka and Singapore.Spear International (Pvt.) Ltd Chairman and Managing Director Shamil Mendis was re-elected as President of the council for the year 2016-2017.  
In his address Mendis also highlighted some important points regarding the business environment in Singapore and trade between Sri Lanka and Singapore. 
He said that Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices and a per capita gross domestic product (GDP) higher than that of most developed countries. The economy depends on exports, particularly in consumer electronics, information technology products and on a growing financial services sector.