Category Archives: Sri Lanka News in Philippine Media
Culture, religion and tradition—once the backbone of everyday life— are inevitably put in the background if not forgotten, as commercialization and globalization become the leading factor of human existence.
Sri Lanka business executives are exploring trade and investment opportunities in the Philippines after the Sri Lanka-Philippine Business Council in Colombo recently organized a high-level CEO Breakfast Forum with a theme dubbed as “Business in Asia and Beyond” at the Galidari Hotel, Colombo, Sri Lanka in a recent report of the Department of Trade and Industry’s Philippine Trade and Investment Center – New Delhi.
Participated in by over 130 CEOs and top Sri Lanka business figures, the breakfast meeting discussed and focused on the Philippines as an attractive trade and investment destination and explored high potential opportunities between the two countries for business cooperation, according to PTIC-New Delhi Commercial Counsellor Michael Alfred V. Ignacio.
MANILA, Philippines – The Philippines is looking to improve bilateral relations with business groups from Sri Lanka eyeing trade and investment opportunities here, the Department of Trade and Industry (DTI) said.
The DTI said a high-level CEO forum organized by the Sri Lanka-Philippine Business Council in Colombo was attended by over 130 CEOs and top Sri Lanka business figures.
According to the DTI, the meeting focused on the Philippines as an attractive trade and investment destination, as well as explored high potential opportunities between the two countries for business cooperation.
Sri Lankan businesses are eyeing trade and investment opportunities in the Philippines given the huge potentialin the country.
The Sri Lanka-Philippine Business Council and the Philippine Chamber of Commerce and Industry recently signed a memorandum of understanding for stronger business cooperation between the two groups.
Some 130 executives attended a high-level CEO Break Forum organized by the Council in Colombo where they highlighted the Philippines as an attractive trade and investment destination, according to the Philippine Trade and Investment Center (PTIC) in New Delhi, India.
Labor and Employment Secretary Silvestre Bello 3rd presents a token of appreciation to Sri Lanka Foreign Employment Minister Ganegama Sena Withanage during his courtesy visit at DOLE office of the Secretary to discuss bilateral agreements concerning the overseas Filipino workers.
11 October 2016 – Foreign Affairs Secretary Perfecto R. Yasay, Jr. and Her Excellency Aruni Ranaraja, Ambassador of the Democratic Socialist Republic of Sri Lanka, signed the Philippines-Sri Lanka Waiver of the Visa Requirements for Holders of Diplomatic and Official Passports on October 07.
This agreement guarantees that holders of diplomatic and official passports from both countries will be allowed to enter, transit through, or stay in the territory of either country for up to thirty (30) days without obtaining a visa.
SOME 5,000 kilometers to the west of Mindanao is Sri Lanka. Mindanao has a similar latitude with Sri Lanka at about seven degrees north of the equator. Mindanao’s population in 2015 was about 24 million; Sri Lanka’s, 21 million. Sri Lanka’s land area is 63 percent of Mindanao’s 10.2 million hectares (ha).
Both suffered from internal strife: Mindanao under various shades of insurgency; Sri Lanka under the Tamil Tigers. However, Mindanao’s 41 percent poverty incidence at national headcount in 2012 was very high compared to Sri Lanka’s poverty incidence of only 6.7 percent in 2012.
Economic Dimensions, circa 2013/14