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Sri Lanka seeks Singapore’s assistance in increasing FDI.


Prof. G. L. Peiris, Minister of Foreign Affairs, has requested assistance from the Singapore government in order to secure bridge financing, increase foreign direct investments, and expand opportunities for Sri Lankan exports to Singapore.

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

At the invitation of Singapore’s Minister for Foreign Affairs, Dr Vivian Balakrishnan, Minister Foreign Affairs Prof. G. L. Peiris paid an official visit to Singapore from June 8 to June 9, 2022. After four years, a Sri Lankan Foreign Minister will pay an official visit to Singapore.

During the visit, Minister Peiris met with Singapore’s Minister for Foreign Affairs, after which he was hosted to an official lunch.

Minister Peiris also met with Singapore’s Minister of Finance Lawrence Wong, who will become Singapore’s Deputy Prime Minister on June 13, 2022.

On June 8, Singapore’s Minister for Law and Home Affairs, K Shanmugam, hosted the Sri Lankan Foreign Minister for lunch, along with Singapore’s Minister for Trade and Industry, S. Iswaran, and many other dignitaries.

Prof. G. L. Peiris, Minister of Foreign Affairs, also sought the Government of Singapore’s assistance in obtaining more job opportunities for Sri Lankans in Singapore.

At the moment, the two countries are collaborating closely on the deployment of healthcare workers, particularly nurses, to Singapore.

Minister Peiris also met with Singapore’s Senior Minister and Coordinating Minister for Social Policies, Tharman Shanmugaratnam, as well as Dr. Koh Poh Koon, Singapore’s Non-Resident High Commissioner to Sri Lanka Chandra Das, Benedict Cheong, CEO of Temasek Foundation International, Vice Chairman (Asia) of the Temasek Group, and senior Ministry of Foreign Affairs officials.

Singaporean affairs

During these interactions, the Foreign Minister thanked the Singapore Government and Temasek Foundation International for their extensive assistance throughout the COVID-19 pandemic to support Sri Lanka’s healthcare response by providing much needed medical supplies and equipment, as well as collaborating on overcoming supply chain disruptions by producing facemasks in Sri Lanka for distribution by Temasek in Singapore and elsewhere.

The Minister also expressed gratitude for the Singapore Red Cross’ recent appeal for humanitarian assistance, to which the Singapore government pledged USD 100,000. The Red Cross appeal’s first shipment of medical supplies has already arrived in Sri Lanka.

The Foreign Minister’s official visit included High Commissioner Sashikala Premawardhane, senior officials from Sri Lanka’s High Commission in Singapore, and T.N. Gamlath, Private Secretary to the Minister and Chairman of Sri Lanka’s National Apprentice and Industrial Training Authority (NAITA).

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