Sri Lanka’s...

Slower rates of expansion were registered for both new businesses and expectation for activity in July compared to June.

Backlogs of work declined in July compared to June. Prices charged, which is not taken into consideration in PMI compilation process, decelerated in July 2016 for the second consecutive month from its peak in May 2016.

Addressing the members, he congratulated the newly elected Committee.

“Our two countries are committed to increase our total trade volume to benefit both countries. In 2015, our total trade reached more than US $ 460 million, which fluctuated during the past 5 years. It shows that Indonesia and Sri Lanka still have a long way to go to achieve the target of US$ 1 billion bilateral trade. Indonesia looks forward to welcome you all to further explore and benefit from Indonesia as one of the major economies in G-20”, said the Ambassador.

Kalinga Wijesekara, Head of Marketing & Communications, Serendib Flour Mills (Pvt) Ltd. was elected as the President of SLIBC for the Year 2016 – 2017.

In his address, Wijesekara said, the business council is focused in promoting trade, services and business between the countries and in particular to promote exports from Sri Lanka to Indonesia, to encourage the establishment of joint ventures in Indonesia and Sri Lanka, exchange information on trade and investment and tourism between the two countries.

Wijesekara also requested the Ambassador to conduct Joint Business matchmaking meetings between business communities of both the countries.