Singapore to help revive Lak Sathosa
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Singapore has extended its support to revive Lak Sathosa, Sri Lanka’s sole State-owned retail chain In a significant development affecting Sri Lanka’s retail market segments. The immediate offer of support comes in the wake of a Ministerial level call made recently in Colombo, High Commissioner Chandra Das, the former Member of Parliament of Singapore from Chong Boon said.
In 2014, Singapore was in fourth place in the list of Sri Lanka’s main importing countries representing 6.6% of Sri Lanka’s total imports.
The LakSathosa retail chain has over 310 outlets.
Questions & Answers
Q.Which entity from Singapore has offered support to Lak Sathosa?
Which entity from Singapore has offered support to Lak Sathosa?
High Commissioner Chandra Das, a former Member of Parliament from Chong Boon, Singapore, made the immediate offer of support following a ministerial level call in Colombo. This indicates official support from Singapore.
Q.What is the current size of the Lak Sathosa retail chain?
What is the current size of the Lak Sathosa retail chain?
Lak Sathosa, which is Sri Lanka's only State-owned retail chain, currently operates more than 310 outlets across the country. Singapore is offering support to help revive this network.
Q.What was Singapore's import relationship with Sri Lanka in 2014?
What was Singapore's import relationship with Sri Lanka in 2014?
In 2014, Singapore was ranked as the fourth largest importing country for Sri Lanka. It accounted for 6.6% of Sri Lanka's total imports during that year, showing a significant trade relationship.
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