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Indonesia is to be 4th largest economy in the world

COLOMBO | Septeber 10, 2019 | NewsLanka | Ceylon Chamber of Commerce Press Release | Indonesia is poised to be the 4th largest economy in the world according to the World Bank’s policy review of 2019 while they aim to become a rich & prosperous nation by 2030 said Dwatmaji Hanomanresi, Charge d’ Affairs of the Indonesian Embassy in Colombo.

He said that both Indonesia and Sri Lanka have been enjoying a satisfactory trade growth. In 2018, the total value of trade between the two countries reached over US$ 363 million, which is a significant increase in comparison with US$ 342 million of bilateral trade value in 2017, and US$ 306 million in 2016.

Hanomanresi, appreciated SLIBC for its valuable contributions and assistance in bridging business communities in Sri Lanka with their counterparts in Indonesia. He said “While in tourism, I took note that in 2018, more than 32 thousand Sri Lankan visited Indonesia, according to data from the Indonesian Ministry of Tourism. In the same year, about 35 thousand Indonesians have visited Sri Lanka, according to Sri Lanka Tourism Development Authority.

Indonesian Charge d’ Affairs also expressed his gratitude for the Sri Lankan government’s decision in granting visa-free facility for Indonesian tourists since the 1st of August to the next 6 months. “No doubt this policy will not only boost tourism, but also encourage interaction between business communities and exploration of trade opportunities” he said.

He noted “the visit of President Joko Widodo of Indonesia to Sri Lanka in January 2018, and the visit of the President Sirisena of Sri Lanka to Indonesia in 2017, was milestones of bilateral ties between Indonesia and Sri Lanka. Both Governments of Indonesia and Sri Lanka are sharing the same desires in strengthening mutual bilateral co-operations”. 

He assured that the Indonesian Embassy in Colombo will remain committed in facilitating and bridging business communities from both countries. He also invited Sri Lankan businessmen to visit the 34th Trade Expo Indonesia which will be held at BSD City on October 16-20 this year.

President of SLIBC Sudarshana Jayatillake emphasized that bi-lateral trade between Sri Lanka and Indonesia is yet to reach it’s potential. He said “Our business council works towards improving awareness and facilitate trade between our countries.  I strongly believe that Indonesian goods have better acceptance in Sri Lanka and vice-versa. This, I attribute to ‘value for money’ propositions of their products and services”.

Sri Lanka – Indonesia Business Council (SLIBC) of The Ceylon Chamber of Commerce held its 26th Annual General Meeting on 22nd August 2019 at the Ceylon Chamber’s Boardroom. The following were appointed to the Executive Committee of 2019/2020: Sudarshana Jayatillaka, the Country Manager of the Kalbe International was elected as the President of the Council while Dhammika Jayaweera, General Manager, Tyres, Douglas & Sons (Pvt) Ltd and Chaminda Rajapakse, Deputy General Manager – Head of Commercial, Advantis Freight (Pvt) Ltd were elected as vice presidents. Kalinga Wijesekara, Head of Marketing & Communications
Serendib Flour Mills (Pvt) Ltd will serve as immediate past president.  As for Committee of the council for the year 2018/2019, Capricorn Shipping Pvt Ltd, ISIN Lanka (Pvt) Ltd, Malship (Ceylon) Limited, North South Lines (Pvt) Ltd were elected. 

SLIBC Executive Committee 2019

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