Bahrain is ready to engage in Sri Lanka’s economy, Shaikh Salman Bin Khalifa told the Ceylon Chamber members
Bahrain says it is ready to engage with Sri Lanka’s economic growth, as they are very confident of the commercial potential Sri Lanka has.
This was said by the Principal Adviser to the Prime Minister of Bahrain, Shaikh Salman Bin Khalifa Al Khalifa, when visited the Ceylon Chamber of Commerce during the last week. He was accompanying a group of Bahrain businessmen.
“We have confidence in the Sri Lankan economy and ready to help build your country,’ he told the Chamber members.
Prince Khalifa however said, it is important that Sri Lanka looks at its laws on lands for foreign investors.
“The issue of ownership of land is critical for foreign investors,” he said.
Prince Khalifa, who arrived in the country to attend the three-day “Sri Lanka Investment and Business Conclave 2016”, also invited the Sri Lankan businesses to invest in Bahrain, which he said is the gateway to the Middle Eastern market.
In Response to the comments made by the Salman Bin Khalifa Al Khalifa, Mr. Samantha Ranatunga, Chairman of the Ceylon Chamber of Commerce said, Sri Lanka is a highly attract destination for FDIs. He said, the country’s Free Trade Agreements with India and Pakistan and also close proximity to the International maritime route gives an ideal platform for overseas companies to set up businesses in Sri Lanka.
25th June, 2015
NEW LEADERSHIP AT THE CEYLON CHAMBER OF COMMERCE
The Ceylon Chamber of Commerce held its 176th Annual General Meeting on the 25th of June, 2015 at the Cinnamon Grand Hotel in Colombo. The Chief Guest of the occasion was Mr. H. M. G. S. Palihakkara, the Governor of the Northern Province.
The AGM saw the appointment of Mr. Samantha Ranatunga, as the new Chairperson of the Ceylon Chamber of Commerce, the premier business chamber in the country. He succeeded Mr. Suresh Shah, while the appointment of a new Vice Chairperson and a Deputy Vice Chairperson also took place at the AGM. Accordingly, Mr. Rajendra Theagarajah, was elected as the Vice Chairperson of the CCC, while Dr. Hans Wijeysuriya was elected as the Deputy Vice Chairperson.
The AGM also saw the appointment of a nine member ‘Board of Directors’ under the newly ratified rules of the Chamber in place of the ‘Standing Committee A ’.
Accordingly, the nine member ‘Board of Directors’ would consist of Mr. Samantha Ranatunga, Chairperson of the CCC, Mr. Rajendra Theagarajah and Dr. Hans Wijeysuriya, respectively the Vice Chairperson and Deputy Vice Chairperson of the CCC, Mr. Hiran Cooray, Chairperson of the Jetwing Group, Mr. Vish Govindasamy, Group Managing Director of Sunshine Holdings PLC, Ms. Sheamlee Wickramasingha, Managing Director of Ceylon Biscuits Limited, Mr. Duminda Hulangamuwa, Partner – Head of Tax Services, Ernst and Young, Mr. Faizal Salieh, Director of HNB General Insurance and Mr. Mangala P.B. Yapa, Secretary General / CEO of the Ceylon Chamber of Commerce.
The newly elected Chairperson, Mr. Samantha Ranatunga, is a recognized senior corporate executive of the country and functioned as the Deputy Chairperson of the CCC, before being appointed as the Chairperson.
Ranatunga, who holds a degree from the University of Delhi and a Masters in Business Administration, currently works as the Managing Director/CEO of the CIC group and also functions as a Non-Executive Director of a number of unlisted companies in the Group.
He is also the Chairperson of the Agriculture & Livestock Stock Steering Committee, member of the Economic Fiscal & Policy Planning Steering Committee of the Chamber, Member of the Sri Lanka-Maldivian Business Council and current Chairman of the Asian Council on Food & Agriculture (ACFA) of the Confederation of Asia Pacific Chambers of Commerce & Industry (CACCI). He is also the Ceylon Chamber of Commerce nominee in the Mercantile Services Provident Society. Mr. Ranatunga has led number of Chamber delegations to various countries.