Business
Sri Lanka Economic Summit to focus on post COVID-19 economic recovery
The first session of the summit on Post COVID-19 Economic Recovery, will aim to answer some of the burning questions with regards to the global and local economy at the Sri Lanka Economic Summit (SLES) hosted virtually by the Ceylon Chamber of Commerce.
The session will discuss the policy options that will be leveraged in the recovery phase and how these would impact the speed of recovery. Sri Lanka’s economy will also be discussed in detail as it takes measures to meet key debt and growth challenges. The business perspective on navigating and adapting to the uncertain economic recovery will be discussed as well.
The presenters at this plenary will Eric Robertsen – Global Head, Research and Chief Strategist, Standard Chartered Bank and Deshamanya, Prof W D Lakshman – Governor, Central Bank of Sri Lanka. The presenters will be joined by Deshamanya Mahesh Amalean – chairman, MAS Holdings and Krishan Balendra – chairman, John Keells Holdings PLC. The session will be moderated by Shiran Fernando – Chief Economist, The Ceylon Chamber of Commerce.
The flagship summit will be held on a virtual format in compliance with health guidelines and will bring together key policymakers, business leaders as well as the input of top international thought leaders that will come together to identify the steps in developing the pathway towards the accelerated and people centric revival of the country’s economy.
Participants may register for the entire two-day virtual summit, or pick the sessions of their choice, an opportunity offered for the first time. Registrations for the event are now open. For further information, please contact Niroshini on niroshini@chamber.lk or 0115588852; or Alikie on alikie@chamber.lk or 0115588805.
In the year 2016, Cabinet approval was granted for the establishment of a National Trade Felicitation Committee for the empowerment of the Trade Felicitation Agreement (TFA) of the World Trade Organization (WTO) and the inter-coordination of institutions in respect of the implementation of 36 obligations included therein. Sri Lanka has committed to implement the plan for implementation of trade facilitation during the period 2017-2030 thereunder.
Even though countries in the region have fulfilled a higher percentage of the overall commitment, Sri Lanka has only fulfilled about 37.4% of
the total commitment. Taking into consideration the prevailing situation, technical assistance has been requested from the Japan International Coordination Agency with the technical expertise of the International Trade Center to provide independent recommendations enabling the implementation of priority activities on a speedy basis after completion of the assessment of the trade facilitation measures.
Accordingly, “Roadmap for trade facilitation in Sri Lanka” and “Trade Facilitation Action Plan 2025-2028” have been prepared with the participation of about 200 public and private stakeholders.
The Cabinet of Ministers has approved the proposal presented by the
President to follow the said roadmap and implement the action plan.
The Cabinet of Ministers has approved the proposal presented by the President in his capacity as the Minister of Investment Promotion to sign the proposed non-financial Memorandum of Understanding between the Sri Lanka Export Development Board and the International Trade Center to commence an ‘ITC She Trades Hub’ in Sri Lanka to increase the participation and competitiveness in the businesses operated by women.
Once the ‘ITC She Trades Hub ‘ is established, the women entrepreneurs in Sri Lanka will be able to obtain the necessary training in the relevant topics, such as market and investment opportunities and the required technical assistance.
The Cabinet of Ministers has approved the proposal presented by the president to take steps to amend the Inland Revenue Act No. 24 of 2024 so as to enable the imposition of necessary legal provisions to implement the following reduction to the individual income tax structure effective 01-04-2025 as follows
Trailblazing ballerina Michaela DePrince dies aged 29
Liquor shops and wine stores closed on September 21st and 22nd
Navy conducts beach cleaning programme parallel with International Coastal Cleanup Day
-
Editorial6 days agoMuch ado about nothing signifying something
-
Features7 days ago
Electing the next President: Front Runners, Vote Banks and Ethnic Accounts
-
Editorial7 days ago
Turf protection
-
Editorial4 days ago
‘Poster boys’ and monsters
-
News2 days ago
ITAK reaffirms support for Sajith Premadasa
-
Features7 days ago
Should We Vote for Fighting Corruption or Economic Continuity?
-
News7 days ago
President affirms protection of religious rights under the Constitution
-
Business2 days ago
ASUS expands its lineup with next-gen AI laptops for students
