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.