COYLE says disturbed over acute political, economic and humanitarian crisis

The Chamber of Young Lankan Entrepreneurs (COYLE) has voiced its concern regarding the inability of many businesses to sustain their regular functions due to the prevailing situation in the country.

“The acute political, economic and humanitarian crisis in Sri Lanka has forced numerous enterprises to stall operations, causing severe hardships and in some cases, closure of businesses across the nation. 

COYLE calls on the government to address the status quo swiftly and competently to ensure the smooth function of essential services for the Sri Lankan population as well as the business community,” a statement said.

The COYLE membership comprises of over 100 top Sri Lankan young entrepreneurs who are chairmen or controlling shareholders of leading business entities in Sri Lanka. 

As entrepreneurs and concerned citizens, the COYLE members requested the government to find effective and sustainable solutions through the collaboration of all stakeholders and subject matter experts. 

“They further stated that priority should be given to streamlining the supply of vital commodities like fuel, electricity, and gas as well as resolving the issues related to foreign exchange and banking, in addition to prioritising the import of essential raw materials and inputs required to sustain entrepreneurial enterprises,” the statement added.

COYLE said it believes that respecting the views of the population as a democracy is vital and using police and military force to suppress protest can lead to further aggravation.