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Govt.’s economic narrative gains business support but Little else-by Jehan Perera Protesters clashing with the police during a march held by political parties, trade unions and civil society organisations, recently, against the government. Pic by Thushara Atapattu. Source:Island The mass protest in Colombo by a large collective of trade unions, student movements, opposition political parties and social activists failed to make an impact. The government had made its own preparations which were more cohesive than those of the protesting groups. They were met with a mobilization of police forces who blocked their way. The police declared early that the protests on public roads would not be permitted. Following the advent of President Ranil Wickremesinghe, the government has been interpreting the law narrowly and ordering the police to restrict the scope of protests to places that do not block the roads, inconvenience the general public and will be little noticed. The ...

Nov 9, 2022 Posted by eLanka admin In Articles Tagged Ceylon Chamber of Commerce, National Chamber of Exporters of Sri Lanka

New tax bill: Sri Lanka’s corporates wary about ‘subtle’ non-deductions-By Sanath Nanayakkare Source:Island Say draconian powers drafted to be given to Inland Revenue Chief Calls for independent body to get a fair hearing The new tax bill is one that demotivates taxpayers from being compliant and one that restricts existing taxpayers from their legitimate deductions, Nisreen Rehmanjee, head of corporate finance, group tax and social entrepreneurship project, John Keells Group said on Tuesday. She said so at a webinar hosted by the Ceylon Chamber of Commerce (CCC) titled,” Implications of Amendments to the Inland Revenue Act.” Predominantly taking a corporate view of the bill, she said,” Considering the financial situation of the country, I think that everyone has to pay more tax. That is a policy issue and I don’t have any problems with that. But we are concerned about proposed provisions on deductions, tax administration and taxpayer rights. The ...

Oct 23, 2022 Posted by eLanka admin In Articles Tagged Ceylon Chamber of Commerce, Duminda Hulangamuwa, John Keells Group, Nisreen Rehmanjee, Sulaiman Nisthar

CBB calls for policy stability and facilitation of trade with an FTA with the UK Roshanie Jayasundera-Moraes, Executive Vice President of John Keells Holdings, was re-elected as President of the CBB of the Ceylon Chamber of Commerce at a virtually held AGM on 20 July 2021. Addressing the membership, she called for policy stability in order to facilitate business, build confidence among investors and attract FDI. She also called for a negotiation of an FTA between the UK and SL post Brexit. “Sri Lanka provides significant opportunities for British companies looking to access larger South Asian markets that have some of the fastest growing economies as well as sizeable populations. In order to facilitate this, we are fully aware that SL needs to improve its ranking on the Ease of Doing Business Index and it’s encouraging to know that our policy makers have made this a priority. We look forward ...

Aug 27, 2021 Posted by eLanka admin In Articles Tagged Aitken Spence Travels, Ameena Ziauddin, and Derek Mansfield, Arjuna Nanayakkara, British Council, Ceylon Chamber of Commerce, Chairperson, Commercial Bank, Country Director, De La Rue., Development Director, Director, Director & Plant Manager, Dougie Douglas, Finlays Group, Founder, Gihan Jayasinghe, GM, Hajar Alafifi, Hayleys PLC, Head of Shared Services, Head of Trade & Investment at the DIT, Indika Abeykoon, Inter Air & Sea Logistics, London Stock Exchange Group SL, Maarya Rehman, MD, Michael Fernandopulle, Norfolk Foods, of the British High Commission, Point to Point Consulting, Roshanie Jayasundera, S Renganathan, Sarath Ganegoda, SL, Sri Lanka Currency, Tania Polonnowita Wettimuny, Unilever Sri Lanka