COLOMBO (EconomyNext) – Key elected and unelected officials will clear doubts over investment policies, Sri Lanka’s top business chamber said as large businesses were hit by retrospective taxes and price controls are slammed on humble hopper makers by the new administration.
Deputy Minister of Highways, Higher Education and Investment Promotion, Eran Wickramaratne, Deputy Minister of Policy Planning, Harsha De Silva, head of Sri Lanka’s Board of Investment Upul Jayasuriya and Senior Advisor to the Prime Minister R. Paskeralingam will participate.
The seminar ‘Policies in Place?: Bring in the Investments’ will clarify a series of "impending issues pertaining to the country’s investment policy", the Ceylon Chamber of Commerce said.
The seminar will be held on March 27, at 3.00 pm at the Ceylon Chamber auditorium.
Sri Lanka has sharply increased spending by raising state worker salaries, transferring over 100 billion in resources from the private sector to an already bloated state sector.
Meanwhile while the prospect of mandated wages for private businesses loom large pushing costs up and price controls are squeezing revenues and preventing competition through price differentiation, dimming the future prospects of the workplaces of private sector workers.