17 August 2009

Malaysia keen to invest in Sri Lanka

14th August 2009, firstlanka.com

Trade between Sri Lanka and Malaysia has shown a rapid increase from last year and investing opportunities in the South Asian island nation by Malaysian investors seemed to gather momentum,trade sources revealed.

With the crushing of LTTE terrorism in the country, Malaysian investors have shown greater interest to come into Sri Lanka, sources said.

Both Colombo and Kuala Lumpur governments have opened trade and investment doors with a view for experise and exchange of technical know- how and cooperation.

Malaysia has already invested Us dollars 300 million from 2007 and the quantum increased to 400 million US $ last year.

Malaysian investors have described that Sri Lanka was now a potential investment market and the country’s economy looked quite stable and sound under the stewardship of President Mahinda Rajapaksa.

The Sri Lanka- Malaysia Business Council will meet shortly to further enhance trade ties and investment opportunities in the two nations.

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