Sunday, October 1, 2023

Singapore Sri Lanka Business Association (SLBA) and Sri Lanka SingaporeBusiness Council (SLSBC) Sign Memorandum of Understanding to FosterCloser Trade and Business Relationships

SINGAPORE, Jul 24, 2023- The Singapore Sri Lanka Business Association (SLBA)
hosted the Sri Lanka Singapore Business Council (SLSBC) on its first formal visit
to Singapore after the pandemic. The visit commenced with the signing of the first
Memorandum of Understanding (MoU) between SLBA and SLSBC. The visiting
delegates’ presentations and networking with SLBA members and guests followed
the MoU signing.

The event was hosted by CMS Singapore, providing an excellent opportunity for Sri
Lankan and Singapore-based professionals and businesses to connect and recognize
the opportunities for collaboration and shared objectives.
The SLBA and the SLSBC will continue to promote and foster closer trade and
business relationships between the communities in our respective countries and to
the benefit of our members. With the signing of the MoU, both organizations
formalize their cooperation and embark on a positive collaboration journey.

Lakshanthi Fernando, President of SLBA and CMS Singapore Partner, said,
“It’s a historic occasion in many ways as the SLBA and SLSBC sign a
Memorandum of Understanding for the first time, and this on the SLSBC’s
first formal visit to Singapore post the pandemic. We are delighted to
formalize our cooperation through an MoU and look forward to embarking on
a positive journey of collaboration and shared objectives wherever

Prajeeth Balasubramaniam of the SLSBC added,
“Thank you to Lakshanthi and the Singapore Sri Lanka Business Association
(SLBA) team for hosting the SLSBC delegates with a great networking
session in Singapore this morning. We believe the MoU signed between the
two entities will enable increased bilateral trade between the two

About the SLBA:
The Singapore Sri Lanka Business Association (SLBA) is a non-profit organization
established in 1991 to foster closer trade and business relations between the
professional communities of Singapore and Sri Lanka. The SLBA aims to grow a
diverse association with a strong reputation, reflecting its values of integrity,
professionalism, and philanthropy.

About the SLSBC:
The Sri Lanka – Singapore Business Council was inaugurated on August 14, 1997,
and was the 18th bilateral Business Council formed under the aegis of the Ceylon
Chamber of Commerce. The foundation for forming the Council was laid in 1994
when the Ceylon Chamber of Commerce entered into a Business Co-operation
Agreement with the Singapore Manufactures’ Association, now known as the
Singapore Confederation of Industries. This change has widened the council’s scope
to extend membership to manufacturing companies and other Chambers of
For more information, please contact: SLBA on

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