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inner steering committees

Steering Committees

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  • Steering Committees

 

  • Economic Policy
  • Taxation Steering
  • Legislation

Economic Policy

Preamble

Sri Lanka seeks to grow its economy at a rapid pace of 7 to 8%+ in the medium term. The country aims to achieve higher levels of prosperity, alleviate absolute poverty, create new and better jobs, and raise living standards. Alongside economic growth, sustainability and inclusion/equity are also key public policy objectives.

In its role of being the voice of the private sector, the Ceylon Chamber of Commerce (“CCC”) believes that the highest priority should be accorded to national interests and that its obligation to address member concerns be discharged in a responsible manner. It is within these parameters that the mandate of the Steering Committees of the CCC has been identified

 
Terms of Reference

1. Keep under review all aspects of the performance of the national economy, with particular focus on macroeconomic fundamentals and identify in a timely manner interventions required to be pursued, to ensure that private sector concerns are communicated to the policy makers.

2. Submit reports periodically to the Committee of the Chamber, highlighting vital aspects of economic performance and emerging issues relating to the business environment.

3. Formulate submissions to be made through the CCC, to the Ministry of Finance, in the formulation of the Annual Budget.

4. Submit recommendations to the Chamber as to the steps that need to be taken to action the Chamber’s position on the economy

 
Mr. Suresh Shah (Chairman)
Executive Director
The Lion Brewery Ceylon Ltd
 
 
Mr. Manjula de Silva
CEO
Ceylon Chamber of Commerce
 
 
Mr. Sujeewa Mudalige
Chief Executive Officer
Pricewaterhousecoopers
 
 
Mr. Samantha Ranatunga
Managing Director
CIC House
 
 
Mr. Deshal De Mel
Senior Economist
Hayleys PLC
 
 
Mr. Murtaza Jafferjee
Managing Director
JB Securities
 
 
Ms. Kasturi Wilson
Managing Director-Pharmaceuticals, Logistics and Maritime
Hemas Holdings PLC
 
 
Mr.Shamindra Rajiyah
CEO/Executive Director
Renuka Group
 
 
Mr. Dushan Casie Chetty
Head, Corporate Banking
Standard Chartered Bank
 
Mr. Gihan Cooray
Group Treasurer
John Keells Holdings PLC
 
 
Ms. Subhashini Abeysinghe
Senior Economic Analyst
Verité Research Pvt. Ltd.
 
 
Mr. Tharindu Yapa Abeywardena
Senior Research Analyst
Sampath Bank PLC
 
 
Dr. Shanthikumar Fernando
Chief manager-Research and Development
Commercial Bank of Ceylon PLC
 
 
Mr. Hiran Embuldeniya
Director
York Street Partners
 
 
Mr. Maninda Wickramasinghe
Managing Director/CEO
Fitch Ratings Lanka Ltd
 
 
Mr. Dhanushka Samarasinghe
Operating Officer/Head of Research
Softlogic Securities
 
 
Dr. Dushni Weerakoon
Deputy Director
Institute of Policy Studies of Sri Lanka
 
 
Mr. Dumith Fernando
Chairman
Asia Securities

Taxation Steering

Preamble

Taxation is a key source of revenue for Government and is also an important issue in doing business. Sri Lanka has one of the lowest tax-GDP ratios among its peers and has consistently struggled with low revenue collection. At the same time, complexities in the tax system have hurt compliance and also placed costs on business. Expanding revenue with limited constraints to entrepreneurship is a key goal of good tax policy.

In its role of being the voice of the private sector, the Ceylon Chamber of Commerce (“CCC”) believes that the highest priority should be accorded to national interests and that its obligation to address member concerns be discharged in a responsible manner. It is within these parameters that the mandate of the Steering Committees of the CCC has been identified.

 
Terms of Reference

1. Keep under review the tax regime applicable in Sri Lanka with particular focus on changes which impact on the private sector, and identify interventions required to be pursued, to ensure that private sector concerns are communicated to the policy makers.

2. Submit reports periodically to the Committee of the Chamber, highlighting vital aspects relating to the tax regime and emerging issues relating to the business environment.

3. Formulate submissions to be made through the CCC to the Ministry of Finance, in the formulation of the annual Budget, with regard to matters relating to tax.

4. Submit recommendations to the CEO of the Chamber as to steps that need to be taken to action the Chamber’s position with regard to matters relating to taxation.

 
Mr. Duminda Hulangamuwa (Chairman of the Taxation Steering Committee)
Partner
Ernst & Young
 
 
Ms. Nilanthi Sivapragasam
Chief Financial Officer
Aitken Spence PLC
 
 
Ms. Shamila Jayasekera
Partner
KPMG
 
 
Mr. Mano Rajakarier
Group Finance Controller and Executive Vice President
John Keells Holdings PLC
 
 
Mr. N R Gajendran
Partner
GAJMA & CO
 
 
Mr. Naomal Gunawardena
Partner
Nithya Partners
 
 
Mr. Amal Badugodahewa
Manager- Tax
Carsons Cumberbatch PLC
 
 
Mr. Roshan Anselm
Group Tax Manager
Hayleys PLC
 
 
Mr. Prasanna de Silva
Director - Credit
Central Finance Company PLC
 
Mr. Priyadharshana Ekanayake
National Finance Director
Unilever Sri Lanka
 
 
Mr. Channa Manoharan
Director Operations at SLASSCOM
SLASSCOM
 
 
Mr. Mallik de Silva
Group Financial Controller
Richard Peiris and Company PLC
 
 
Mr. Samantha Rajapaksa
Managing Director
Associated Motorways Private Limited
 
 
Ms. Nizreen Rehmanjee
Head of Group Tax Strategy
John Keells Holdings PLC
 
 
Mr. Sanjeewa Samaranayake(Alt. Mr Amila Priyadarshana)
Managing Director (General Manager - Finance)
Hemas PLC
 
 
Ms. Lochana Velauthan
Senior Accountant
Nidro Supply (Pvt) Ltd
 
 
Ms. Charmaine Tillekeratne
Director Tax Services (tbc)
PricewaterhouseCoopers

Legislation

Preamble

Sri Lanka is a middle income country seeking rapid economic growth through an ambitious development agenda focused on attracting investment. The envisaged growth is sometimes sought to be achieved through the enactment of statutes that provide for a legal basis to implement some of the development plans of Government. In addition, there are other areas of relevance to the private sector such as in the area of Constitutional making, in respect of which law reform is contemplated. As a responsible entity the Ceylon Chamber of Commerce (“CCC”) needs to keep these legislative developments under review.

In its role of being the voice of the private sector, the CCC believes that the highest priority should be accorded to national interests and that its obligation to address member concerns be discharged in a responsible manner. It is within these parameters that the mandate of the Steering Committees of the CCC has been identified.

 
Terms of Reference

1. Keep under review all draft legislation and Bills with special emphasis on matters relevant to the private sector and identify interventions required to be pursued, to ensure that private sector concerns are communicated to the policy makers.

2. Submit reports periodically to the Committee of the CCC, highlighting vital aspects relating to matters relevant to the private sector and emerging issues relating to the business environment.

3. Identify through a process of consultations with all stakeholders, proposals for law reform to be submitted to Government.

4. Submit recommendations to the CEO of the CCC as to steps that need to be taken to action the position of the CCC, with regard to matters relating to proposed legislation.

 
Ms. Dilani Alagarathnam
Chairman
 
 
 
Ms. Dilani Alagarathnam
Director
CCC-ICLP Arbitration Centre
 
 
Mrs.Ayomi Aluwihare
Corporate /Commercial Law Precedent Partner
F J & G De Saram
 
 
Mrs. Amali Alawwa
Head of Legal
Carsons Management Services (Pvt) Limited
 
 
Mr. Theja De Silva
DGM – Legal & Administration /Company Secretary
Nations Trust Bank
 
 
Mr.Vajira Ellepola
Deputy Director General
Employers’ Federation of Ceylon
 
 
Mr. Chanaka De Silva
Partner
Nithya Partners
 
 
Mr. Sujeewa Mudalige
Chief Executive Officer
PWC
 
 
Mrs. Darshi Thalapahewa
Group Head of Legal
Hayleys Group
 
 
Ms. Sabrina Esufally
Legal Analyst
Verite Research
 
 
Dr. J.M. Swaminathan
Senior Partner
Julius & Creasy
 
 
Ms. Nimmi Gunatilake
Head of Legal
Aitken Spence PLC.
 
 
Mr. Amrit Rajapakse
Attorney-at-Law
 
 
 
Mr. Ramesh Perera
Assistant Manager - Group Legal
John Keells Holdings PLC
 
 
Mr. Channa Senaratne
Head - Regulatory Affairs
Lion Brewery PLC
 
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A Confederation of Trade Associations, Regional and Sectoral Chambers of Commerce and Industry, Bilateral Business Councils and Employer Organisations in Sri Lanka.
 
The Ceylon Chamber of Commerce
50, Navam Mawatha,
Colombo 02,
Sri Lanka
Tel : (0094) 11 – 2421745-7, 5588800 (30 hunting lines)
Fax : (0094) 11 – 2437477, 2449352, 2381012
Email : info@chamber.lk
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