Ceylon Chamber re-elects leadership at 183rd AGM 

The Ceylon Chamber of Commerce held its 183rd Annual Common Assembly on the Cinnamon Grand Resort yesterday, re-electing the management workforce.

The Chief Visitor was the US Ambassador to Sri Lanka and the Maldives Julie Chung.

Vish Govindasamy was re-elected as Chairman of the Chamber for the 12 months 2022/23.

In his capability as Sunshine Holdings Group Managing Director, Govindasamy heads a diversified conglomerate that operates within the healthcare, agribusiness, client items, funding and power sectors.  

Talking on the AGM, Govindasamy drew consideration to the concerted function the Chamber has performed and continues to play within the nationwide financial reform agenda presently of unprecedented disaster.

He mentioned that the Chamber urged the Authorities to hunt help from the IMF by way of the Speedy Financing Instrument as early as March 2020 when the pandemic broke out. He harassed that whereas this avenue was not pursued, the Chamber, together with a number of different reputed economists and analysis establishments continued to name for the Authorities to hunt IMF help to resolve the rising Stability of Funds disaster.

“Having been satisfied the disaster was past a mere liquidity disaster but additionally one in every of solvency we urged the Authorities to think about a debt restructuring course of,” Govindasamy mentioned.

He added that by way of the Joint Chambers Discussion board and in collaboration with different like-minded establishments such because the Bar Affiliation of Sri Lanka and the Institute of Chartered Accountants, the Chamber continued to advocate for coverage corrections to take care of stability in Sri Lanka.

“The Chamber continues to spotlight and talk to the Authorities the large hit on the economic system as a result of lack of international alternate and the ensuing scarcity of gas, meals and medication. We now have proposed a number of mechanisms to appropriate the scenario and use each alternative to push the Authorities to think about our options,” Chairman Govindasamy added.

The Chamber’s nine-member Board, together with the Chairman, was re-elected for the 12 months 2022/23. Ernst & Younger Senior Associate Duminda Hulangamuwa and John Keells Holdings PLC Chairman Krishan Balendra will proceed to function Deputy Chairman and Deputy Vice-Chairman respectively.

Members of the Board for the next 12 months comprise Lion Brewery (Ceylon) PLC, Sunshine Holdings PLC, Silvermill Funding Holdings, CIC Feeds Group of Corporations and Ceylon Beverage Holdings PLC Chairman Amal Cabraal, Cargills Meals Firm Ltd. Managing Director and Cargills (Ceylon) PLC Director Asoka Pieris, Commonplace Chartered Financial institution Sri Lanka CEO Bingumal Thewarathanthri, Hayleys PLC Govt Director Sarath Ganegoda, Jetwing Travels Chairman and Managing Director and Jetwing Inns Chairman Shiromal Cooray, and Ceylon Chamber CEO and Secretary Common Manjula de Silva along with the three workplace bearers.