Sri Lanka’s oldest business chamber, The Ceylon Chamber of Commerce, too has introduced an amendment to their constitution similar to Sri Lanka’s constitution.
This too is to limit the number of times the Chamber President can hold office.
The Chamber’s former Chairman, Suresh Shah, said they have decided to restrict the term of its Chairman. “We want to give more autonomy to our secretariat,” he said.
Traditionally the outgoing Chairperson was also offered a post, but this clause has been taken off. “Previously, the restriction was by way of tradition. The immediate Past President will no...
The Sri Lankan economy expanded by 6.4 per cent in the first quarter of 2015, with positive contributions from all three key sectors of the economy,the Central Bank said yesterday.
The Services sector and the Industry sector grew by 7.5 per cent and 6.5per cent, respectively, while the Agriculture sector displayed strong signs of recovery.
Going forward, the prospects of improved performance in advanced economies along with low inflation and low market interest rates are expected to benefit domestic economic activity.
In the external sector, proceeds from the International Sovereign Bond, Sri...