• 10% hike on existing bookings  

The All Island Banquet Owners and Caterers Association has announced an increase in fees charged so far for reception halls and catering services with effect from yesterday (8). 

Speaking at a media briefing held yesterday, President of the Association, Akila Jayaratne noted that for new bookings from next month (May), charges could increase by around 15 to 20%. The Association also noted that the decision was made due to the ongoing fuel crisis in the country and the imposition of Value Added Tax and that a 10% price increase will be applied to services that have already been booked.

He further stated that their industry is facing a severe crisis due to the rising costs of goods and that the decision to revise charges was taken to protect the industry. However, they added that if the Government provides proper solutions or relief to their issues, they are prepared to reduce the increased charges again.