The Chamber of Young Lankan Entrepreneurs (COYLE) has voiced 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 and the business community.
COYLE membership comprises over 100 top Sri Lankan young entrepreneurs who are either chairmen or controlling shareholders of leading business entities in Sri Lanka.
As entrepreneurs and concerned citizens, the chamber requests the government to find effective and sustainable solutions through the collaboration of all stakeholders and subject matter experts.
They further state that priority should be given to streamlining the supply of vital commodities such as fuel, electricity, and gas and resolving the issues related to foreign exchange and banking, and prioritising the import of essential raw materials and inputs needed to sustain entrepreneurial enterprises.
COYLE 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.