Sri Lanka seeks Singapore support to increase FDI

COLOMBO (News 1st); Minister Foreign Affairs Prof. G. L. Peiris has sought assistance from the Government of Singapore for Sri Lanka to secure bridge financing, increase foreign direct investments and increase opportunities for Sri Lankan exports to Singapore.

The Minister who was in Singapore for the IISS Shangri-La Dialogue, held discussions with the Singapore side centred on the current economic crisis in Sri Lanka.

At the invitation of the Minister for Foreign Affairs of Singapore, Dr Vivian Balakrishnan, Minister 

Foreign Affairs Prof. G. L. Peiris undertook an official visit to Singapore from 8-9 June, 2022. 

An official visit of a Foreign Minister of Sri Lanka to Singapore is taking place after four years.

During the visit, a bilateral meeting was held with the Minister for Foreign Affairs of Singapore, 

following which Minister Peiris was hosted to an official lunch. Minister Peiris also met with 

Singapore’s Minister of Finance Lawrence Wong, who is due to assume the post of Deputy Prime 

Minister of Singapore on 13 June, 2022.

Minister for Law and Home Affairs K Shanmugam hosted the Sri Lankan Foreign Minister for lunch on 8 June with the participation of the Minister for Trade and Industry of Singapore S. Iswaran with many other dignitaries.

Minister Foreign Affairs Prof. G. L. Peiris also sought the support of the Government of Singapore to obtain more employment opportunities for Sri Lankans in Singapore. At present, the two countries are closely working on deploying healthcare workers, in particular, nurses to Singapore.

Minister Peiris also met with Senior Minister and Coordinating Minister for Social Policies of 

Singapore, Tharman Shanmugaratnam and also had interactions with Senior Minister of State for 

Healthcare and Manpower of Singapore Dr Koh Poh Koon, Non- Resident High Commissioner of 

Singapore to Sri Lanka Chandra Das, Benedict Cheong, CEO of Temasek Foundation International, 

Vice Chairman (Asia) of the Temasek Group, and senior representatives of the Ministry for Foreign

Affairs of Singapore.

During these interactions, the Foreign Minister thanked the Government of Singapore and Temasek 

Foundation International for the extensive assistance extended throughout the COVID-19 pandemic to 

support Sri Lanka’s healthcare response by providing much needed medical supplies and equipment and also collaborating on overcoming supply chain disruptions by producing facemasks in Sri Lanka for distribution by Temasek in Singapore and overseas.

The Minister also expressed appreciation for the recent appeal by the Singapore Red Cross for humanitarian assistance for which the Government of Singapore pledged USD 100,000. The first consignment of medical supplies from the Red Cross appeal has already reached Sri Lanka.

The delegation of the Foreign Minister’s official visit included High Commissioner Sashikala 

Premawardhane, senior officials of the High Commission of Sri Lanka in Singapore, and Private 

Secretary to the Minister T.N. Gamlath and Chairman of the National Apprentice and Industrial Training Authority (NAITA) of Sri Lanka.