Sri Lanka, April 8 -- 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 today (08).

Speaking at a media briefing held today, the President of the Association, Akila Jayaratne noted that for new bookings from May, charges could increase by around 15%-20%.

The Association also noted that the decision was made due to the ongoing fuel crisis in the country and the imposition of VAT and that a 10% price increase will be applied to services that have already been booked.

The chairman further stated that their industry is facing a severe crisis due to rising costs of goods and the decision to revise charges was taken to protect the...