Leading biz chambers jointly issue fresh warning to govt.

Leading business chambers in the country have issued a fresh warning to the government today that their membership might be compelled to relocate operations if the current detrimental economic condition continues.

Joining hands to voice the serious concerns faced by businesses in the country, 10 business chambers have come on to a single platform to urge the relevant authorities in the government to speed up recovery efforts before it is too late.

“We wish to urge the relevant authorities in the government to take quick remedial action to avoid the negative consequences as outlined above and put Sri Lanka back on track to stage a strong post-pandemic recovery to reach vistas of prosperity and splendor as envisioned,” said the chambers issuing a joint statement.

The statement pointed out that the private sector is struggling to obtain foreign currencies to finance the much needed imports.

The chambers also stressed it is imperative for the ease of doing business to improve as failing to do so will constrain the ability of the industries to attract Foreign Direct Investments (FDIs).