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Ceylon Chamber puts the National Budget 2022 in a broader perspective

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Welcomes the focus on digitisation and infrastructure development

Concerned about the proposal to increase retirement age to 65 years

Says the one-off surcharge tax would dampen investor confidence

Urges clarifications on some of the new tax measures

Says multiple taxes could place a heavy burden on the banking sector

Budget 2022 has signalled policy continuity in terms of maintaining mainstream corporate tax rates and investment incentives continuing from end 2019, the Ceylon Chamber of Commerce said in a press statement yesterday.

The Chamber welcomes the focus on digitization, development of the hub concept, infrastructure development in investment promotion zones/SME development zones, removal of registration fees for start-ups, green economy and targeted relief for vulnerable sections of the public impacted by the pandemic. While welcoming the several steps announced to improve the financial management of public sector institutions, the Chamber is concerned that these may be negated by the proposals to increase the retirement age to 65 years and the cadre by 50,000 new recruits.

The Chamber further said: “The recognition of the need to reform state owned enterprises and optimise the use of underutilized state assets is noteworthy and we look forward to more opportunities being created in the near future for private sector participation in this process.”

“In the Pre-Budget proposals, we highlighted the importance of the Government maintaining the current tax laws and rates while maintaining macro stability and focusing on developing key areas of the economy. We are pleased to note the alignment of policies with our budget submissions and past recommendations related to Tax administration, Trade Facilitation (in particular, implementation of the National Single Window), improving the Ease of doing business by specific export facilitation, improving backward linkages in the apparel sector, re-skilling of workforce, acceleration of e-government and improving of land usage.”

“The private sector understands the need to identify new revenue measures to bridge the budget deficit given the impact of the pandemic on the economy. However, the imposition of the one-off surcharge tax would dampen investor confidence given the retrospective implications of such taxes. The proposed Social Security Contribution will also have an adverse impact on low margin businesses, including those subject to price controls and financial intermediaries while also having a cascading impact. As such, we recommend to consider sourcing this revenue through established measures such as VAT or the previously abolished Nation Building Tax. The proposed multiple taxes could place a heavy burden on the Banking sector, which is supporting the post-pandemic recovery of most sectors, potentially weakening the financial system in the country.”

“There are clarifications needed on some of the new tax measures such as the implementation of the Social Security Contribution, Surcharge Tax and penalty on vehicles meeting with accidents. While there are laudable proposals such as expenditure allocations for irrigation, development of organic fertiliser, simplification of trade taxes to name a few, these lack adequate details at this stage to assess the desired impact. Therefore, the CCC would recommend that policymakers consult with relevant stakeholders who would be willing to contribute to the development of specific strategies to achieve the desired outcomes.”

“While the budget recognised the need for fiscal consolidation and the rebuilding of Sri Lanka’s foreign exchange reserves, it fell short on addressing the key macroeconomic challenges of managing the shortage of foreign exchange in the market and refinancing of debt in the short to medium term. The budget would have been an ideal opportunity to reassure investors, provide clarity and build confidence while further complimenting some of the measures outlined in the Central Bank’s Six-month Roadmap. Similarly, the Government could have used the opportunity to signal its commitment to phase out the currently prevailing import restrictions that are not sustainable in the long term.”

“Recent actions by the Government to move away from price controls on several essential products is greatly appreciated by the Chamber as it has helped to overcome shortages and improve availability. The Budget could have also signaled the policy shift towards establishing a market driven pricing formula for commodities like fuel and gas as well as other essential commodities which were previously under price control. This would assist the Government in raising revenue while managing the foreign exchange situation.”

“The Ceylon Chamber in its capacity as the premier representative of the private sector, looks forward to an ongoing engagement with the Government, and for the opportunity to play a meaningful role alongside the private sector at large, with respect to the implementation of the budget proposals.” it said.



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Birthday gift turned lifeline: US-based young environmentalist steps up for Sri Lanka

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Birthday becomes an act of compassion; Daham and Consul General Charith Yattegoda (R)

For Daham Perera, a December birthday celebration this year became something far more meaningful than cake, candles or gatherings with friends. Instead, it turned into a deeply personal act of solidarity with a country he calls his motherland.

Perera, a young environmental enthusiast based in Los Angeles, says his bond with Sri Lanka remains unbroken despite living thousands of miles away. “Although I live in America, my parents and all my relatives live in beautiful Sri Lanka. That connection is something I carry with me every day, he said.

Having visited Sri Lanka in August, Perera spent weeks traveling across the island, reconnecting with relatives and visiting historical and environmentally significant sites. “I saw the true beauty of Sri Lanka – its people, its biodiversity, and its rich heritage. Those memories are among the most beautiful in my life, he recalled.

That joy, however, was short-lived. Soon after his return, the devastating Ditwah cyclone struck the island, leaving a trail of destruction. Homes were damaged, livelihoods disrupted and families displaced. “When I saw images of my friends losing their homes, books soaked in mud, clothes ruined by floodwaters, I felt a pain I cannot put into words, Perera said.

As an environmentalist, the damage to Sri Lanka’s fragile ecosystems troubled him deeply. “Sri Lanka’s biodiversity is priceless. When disasters like this strike, it is not just people who suffer, but forests, wildlife and entire ecosystems that take years to recover, he noted.

With his birthday falling on December 9, Perera made an unconventional decision. “Normally, my father and I celebrate our birthdays by going to the temple and spending time with friends. But this year, celebrating didn’t feel right when my people were suffering, he explained. “I kept asking myself—what can I do, even from afar?”

The answer was simple but powerful. Perera chose to donate all the money he had saved for his birthday celebrations, along with additional contributions from his family, towards relief efforts in Sri Lanka. “Economic support at times like this is critical. Even a small contribution can help a family rebuild, restart a livelihood, or regain dignity, he said.

The donation was formally handed over to Sri Lanka’s Consul General in Los Angeles, Charith Yattegoda, at the Consulate premises. For Perera, the gesture carried deep emotional significance. “If I can replace my personal happiness with smiles on the faces of people back home, that is the most beautiful birthday I could ever celebrate, he reflected.

He describes the letter of appreciation he received in return as his most treasured gift. “That thank-you letter is not just paper. It is a reminder that loving your country means standing by it in its darkest moments. It will always remain one of the most meaningful keepsakes of my life, Perera said.

Perera hopes his story will inspire other young Sri Lankans living overseas to stay connected and give back. “Distance should never weaken our responsibility. Supporting Sri Lanka—its people, its economy, and its environment—is something we can all do, no matter where we live, he added.

In turning a birthday into an act of compassion, Daham Perera has offered a quiet but powerful reminder: sometimes, the greatest gifts are the ones we give away.

By Ifham Nizam

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John Keells Foundation partners Sri Lanka Police in combatting violence against women and children

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As part of its ongoing commitment to combat violence against women and children towards empowering a healthy and progressive nation, John Keells Foundation (JKF) continues to empower law enforcement agencies through Project WAVE (Working Against Violence through Education) – its flagship of over ten years – to combat gender-based violence and child abuse.

These activities include a strategic collaboration through which JKF supported the Sri Lanka Police to enhance their response to crimes involving women and children through the sponsorship of a global cutting-edge investigative software for use in the Cyber Investigation Unit (CIU) at the Bureau for the Prevention and Investigation of Abuse of Children and Women (BPIACW). The software enables officers to analyse and connect data efficiently, strengthening their ability to investigate and prevent online exploitation and related offences. BPIACW reported that the new platform had directly contributed to a significant and measurable improvement in their investigative capacity, recording the rescue of 22 children, the arrest of 21 suspects, and the filing of 111 cases in courts within the first year of its deployment.

Speaking on the partnership with JKF, Deputy Inspector General of Police – Ratnapura, and Former DIG – Children & Women Abuse Prevention 8 Investigation Range, Renuka Jayasundara said, “We extend our sincere gratitude to JKF for your steadfast partnership and for serving as a cornerstone of our efforts to strengthen child protection services through Project WAVE. Your contribution is making a tangible and quantifiable difference as evidenced by the growing numbers of successful investigations and legal referrals.”

Beyond technological support, JKF has also conducted a series of Train-the-Trainer (ToT) programmes, to improve the ability of officers to respond to GBV and CP in a sensitive and effective manner. The sixth such ToT was conducted from 24th to 26th of September 2025 for the benefit of nominated officers of the Homagama, Kaduwela and Maharagama police divisions. To date, 162 officers across 60 police stations have been impacted.

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SLANZBC appreciative of help from Australia and New Zealand

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Chandana Amaradasa; ‘appreciative of assistance’

The Sri Lanka Australia–New Zealand Business Council (SLANZBC) has extended its profound gratitude to both the Australian and New Zealand governments for the generous and timely assistance provided to Sri Lanka during the recent flood devastation.

Chandana Amaradasa, SLANZBC president, noted that both governments donated one million dollars each, in their respective currencies, at a critical moment for Sri Lanka — support that will play a significant role in helping communities rebuild their livelihoods.

The government of New Zealand has pledged NZ$1 million to support humanitarian relief efforts in Sri Lanka following Cyclone Ditwah.

This assistance will be channeled through an international

humanitarian partner to strengthen ongoing rescue and relief operations.

Similarly, the Australian government announced on November 30, 2025 that it will provide AUD 1 million in humanitarian aid to bolster Sri Lanka’s response to Cyclone Ditwah.

These compassionate and timely gestures, Amaradasa said, once again demonstrate the unwavering commitment of both countries to stand beside the Sri Lankan people in times of crisis. He also recalled that

Australia and New Zealand have consistently supported Sri Lanka, stepping forward during previous national emergencies as well.

Today’s humanitarian assistance further reaffirms the depth of these longstanding relationships and the true spirit of friendship that binds the nations — a bond built on mutual respect, shared values and enduring goodwill.

“Our association deeply appreciates this kind and meaningful support and remains committed to fostering even closer ties between the people of Sri Lanka, New Zealand, and Australia, he added.

By Hiran H Senewiratne

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