Business
Unity, the key point in COYLE-led economic revival plan
By Hiran H.Senewiratne
Unity is the path to re-building Sri Lanka’s economy. This is the theme of a 10-point plan to ‘Restart Sri Lanka’ and overcome its multiple crises, put forward by the Chamber of Young Lankan Entrepreneurs (COYLE) and several other organizations, with a high presence in the local economy.
‘At this moment we have to build the country’s economy regardless of politics. Therefore, the whole country should support this endeavor. The way to build this economy is through unity and acceptance of each other and all stakeholders within Sri Lanka, COYLE chairman Dimuth Silva said at a media conference held at JAIC Hilton Residences on Wednesday to announce the plan. The 10-point plan will be presented to the President, the Opposition Leader, all political party leaders, the Mahanayake Theras of all Chapters, His Eminence the Cardinal and other religious leaders.
Silva said the first imperative is to establish political and administrative stability on an urgent basis and reduce the powers vested with the Executive President. “The plan also recommends appointing relevant professionals, as members of the Cabinet, and other key bodies, he said.
“The government must accept responsibility for allowing the crisis to exacerbate and the first step to finding solutions is acceptance, Mahanuwara Sinhala Welanda Peramuna Vice President Yasas Chandrasekera said.
He added that in 2019 many regional chambers cautioned the government against its move to amend the VAT threshold, remove NBT and other direct taxes, when it came to power.
Chandrasekera also said that the government could not foresee the trap it had dug itself, which had also set inflation soaring.
He said that the business community is ready and willing to pay taxes and that the government must come out with a well-thought-out structure and effective plan to implement taxes, given the current poor state of the economy and inflation.
Chandrasekera said that the country is going through a major shortage of essentials, which the present government should be responsible for.
He said that just to please big businessmen, the government brought tax relief which cost the country Rs 700 billion. Apart from that, the government also printed more than Rs 1.7 trillion, which pushed the economy to a very high inflation level, he explained.
‘The membership will resort to strong action and drive for solutions, if the leadership cannot take necessary action to effectively address the crisis. The membership raised issue with the government for not taking timely action despite several warnings and the public and local businesses are now left to face the bulk of issues, he added.
Lanka Confectionery Manufacturers Association chairman, S.M D Suriyakumara said that the confectionery industry is going through a major crisis because they are not in a position to import raw material due to the US dollar shortage.
” We almost came to the position to think of our continuity in the business due to high raw material prices. We were compelled to initiate abnormal price increases, Suriyakumara said at the press conference.
He added: ‘Other points include to immediately address the financial and essential goods crisis faced by the public and support for industries that bring foreign exchange into the country.
“We are facing a lot of difficulties obtaining raw materials and it is beginning to impact our continuity. The contribution from the sector to the government is far more than that which the state or any other stakeholders envisage and we have invested over Rs. 10 billion in the country over the past 10 years. Over 25 per cent of revenue in the small and medium retail sector comes from bakery and confectionery goods. We consist entirely of Sri Lankan entrepreneurs and today we are in a very dangerous situation.’
All Ceylon Bakery Owners Association representative, N.K Jayawardena said that at present 7000 bakeries operate throughout the country. Of them 2000 to 2500 bakeries have shut down permanently and existing bakeries run at 50 per cent capacity due to high production cost.
‘Since the raw material prices have increased by 300 per cent the industry is facing a risk, affecting 300,000 direct and indirect employees.’
The COYLE-led group also moots a ‘Sri Lanka First’ negotiating strategy during discussions to restructure the country’s long-term debt.
Reducing government expenditure and ensuring efficient and self-sufficient state entities was also a key point that was presented. Good governance through political reforms, enhancing industrialization through an accelerated export drive, redefining policies to empower both traditional and disruptive industries, a global campaign to promote foreign investment through Free Trade Agreements, effective communications and transparency among all stakeholders and capitalizing on the Port City, were among the 10 points listed by the group.
Joining the discussion, Tile and Sanitaryware Importers Association president Kamil Hussain said this situation is the result of bad leadership and deceitful politicians figuring in successive governments.
He said the industry employed over 100,000, but now close to 75 per cent have left the industry.
‘Many importers have taken their capital elsewhere and the construction industry has been deeply impacted. We urge the government to consider the proposals very seriously and give the private sector the opportunity to lend support to the government to help manage and overcome the difficulties it is faced with, he said.
The professional associations behind the ‘Restart Sri Lanka’ plan, besides COYLE include, the Chamber of Commerce and Industries of Yalpanam, United Trade and Industry Association – Dehiwala, Matara District Chamber of Commerce and Industry, Nugegoda Entrepreneurs and Professional Alliance, Minuwangoda Traders Association, Lanka Business Ring, Nawalapitiya Traders Association, Entrepreneurs Lanka, Mahanuwara Sinhala Welanda Peramuna, Kiribathgoda Sinhala Merchants Association, Galle District Chamber of Commerce and Industries, Event-Management Association Sri Lanka, Lanka Confectionary Manufacturers Association, Kurunegala Sinhala Welanda Peramuna, All Ceylon Bakery Owners Association, Association of Container Transport, Association of Clearing and Forwarding and the Federation of Chambers of Commerce and Industry of Sri Lanka.
Business
Birthday gift turned lifeline: US-based young environmentalist steps up for Sri Lanka
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
Business
John Keells Foundation partners Sri Lanka Police in combatting violence against women and children
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.
Business
SLANZBC appreciative of help from Australia and New Zealand
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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