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CMA Sri Lanka COVID 19 SME Development Conference: Celebrating UN – Micro, Small and Medium-Sized Enterprises Day
The CMA Sri Lanka COVID 19 SME Development Conference 2023 has been organized on the theme ‘Resurgence of Micro, Small, and Medium Enterprises and Entrepreneurship Development’ to celebrate United Nations – Micro, Small and Medium-Sized Enterprises Day to raise public awareness of their contribution to sustainable development and the global economy with the active participation of commercial banks and their MSME customers on Tuesday, 27th June 2023 from 9.00am to 5.00pm at the BMICH.
The CMA Sri Lanka COVID 19 SME Development Committee have been meeting since April 2020 to find solutions and support the SME sector. They have organized conferences, workshops and UN MSME days annually since 2020. One of the significant achievements of the committee was the recommendation made to the Ministry of Industries in 2020 to submit a Cabinet Paper to reactivate the SME Credit Guarantee Institution which was approved by Cabinet in April 2021 and ERD of the Finance Ministry has now finalized the setting up of the NCGI.
The conference will address the significance of the Micro, Small and Medium sized Enterprises on the UN MSME day which is a global event to give recognition. Some of the key matters applicable to the MSME sector will be highlighted at the conference. This will include the Sri Lanka Credit Guarantee Institution and its role in supporting the MSME sector, the need to have a MSME Development Act similar to that of India, ‘The Role of Banking Sector in Restructuring Loans and Rehabilitation of MSMEs’, ‘Entrepreneurship to Accelerate Economic growth and Development’ and Success Stories of MSME Entrepreneurs nominated by participating Banks.
The inaugural session will be inaugurated by the Chief Guest Hon Shehan Semasinghe Acting Minister of Finance. Welcome and Introductory Remarks will be delivered by Prof Lakshman R Watawala, President CMA Sri Lanka and Chairman CMA Sri Lanka COVID 19 SME Development Committee. Guest of Honour Acting Director ILO Country Office for Sri Lanka and Maldives Mr Thomas Kring – will address on the ‘Significance of United Nations – Micro, Small and Medium-Sized Enterprises (MSME) Day’. Keynote Address on ‘Sri Lanka Credit Guarantee Institution and its role in supporting MSME Sector’ will be delivered by Mr R M P Ratnayake, Deputy Secretary to Treasury and Treasury Representative on NCGI. Guest Speaker CMA Ramachandran Venkataramani, Director Westcott Electricals Private Limited from Chennai will address on the ‘Success of Indian MSME Development Act to promote, facilitate development and competitiveness of Micro, Small and Medium Enterprises (MSMEs)’. The vote of thanks will be delivered by Mr Bandara Rekogama, Head of Refinance Schemes & Special Lending Products HNB and Committee Member CMA Sri Lanka COVID 19 SME Development Committee.
The other speakers will include Mr Wickrama Narayana, DGM, Enterprise Banking of People’s Bank on the topic ‘The Role of Banking Sector in Restructuring Loans and Rehabilitation of MSMEs’. Technical session 2 will have by Dr Nirmal de Silva, Strategy Consultant speak on ‘Entrepreneurship Development to Accelerate Economic Growth’ and Dr Chamara Bandara Founder/MD Corporate Directors (Pvt) Ltd. on ‘Business Planning and Raising Finances for Entrepreneurs’.
Both the technical sessions will conclude with a panel discussion which will be moderated by Mr Chaaminda Kumarasiri, Management Consultant, and Chairman, H C P Consulting (Pvt.) Ltd. and Committee member CMA Sri Lanka COVID 19 SME Development Committee.
The final Technical Session 3 will be the highlight of the conference where Eight Success Stories of MSME Entrepreneurs from participating Banks will be shared with the participants. The participating banks will include Bank of Ceylon, Peoples Bank, Hatton National Bank, Commercial Bank, Sampath Bank, NDB Bank, Seylan Bank, SDB Bank, DFCC Bank and Cargills Bank. The finance companies will include LOLC Finance and Sarvodaya Development Finance.
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AgriConnect Sri Lanka’ to be launched on 30 October to Modernise the Agricultural Sector Through Digitalisation
A discussion on the official launch of the ‘AgriConnect Sri Lanka’ programme was held at the Presidential Secretariat on Tuesday (13) morning between Secretary to the President Dr. Nandika Sanath Kumanayake and a delegation led by Gevorg Sargsyan, World Bank Group Manager for Sri Lanka and the Maldives.
The discussion focused on the official launch of the ‘AgriConnect Sri Lanka’ programme, scheduled to take place on 30 October at TRACE Expert City.
The World Bank delegation provided a comprehensive briefing on the programme and emphasised that Sri Lanka is set to become the first country in South Asia to join this global initiative of the World Bank Group, marking a significant milestone.
Victor Anthonypillai, Senior Country Officer of the International Finance Corporation (IFC), Tomas Ricardo Rosada Villamar Practice Manager at the World Bank, Felipe F. Dizon, Senior Economist and Athula Senaratne, Senior Agriculture Specialist, also attended the meeting. The Presidential Secretariat was represented by Senior Assistant Secretary to the President Dr Danushka Perera and Assistant Secretary to the President R. A. Ruwanpathirana.
President’s Media Division (PMD)
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Prison rules to be revised over monks’ attire
Appointment of committee eyewash, says UNP
The government is considering changes to prison regulations pertaining to the treatment of Buddhist monks serving jail terms, including their right to wear monastic robes when taken outside prison.
Justice and National Integration Minister Harshana Nanayakkara announced the proposed changes yesterday (14) following the submission of an interim report by a committee appointed to review the rules and procedures governing prisons.
The report was handed over to Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat.
One of the key recommendations is to amend Prison Standing Order 356 by introducing a new provision, 356(A). The proposed revision would require prison authorities to consult the Department of Buddhist Affairs on the removal of a monk’s robes upon admission to prison. The Commissioner of Prisons would be allowed 10 days to notify the department and take the necessary steps.
A separate amendment to Departmental Order 550 would allow Buddhist monks to wear their robes whenever they are taken outside prison, unless their respective Nikaya formally requests that the privilege be withdrawn.
The committee has also recommended extending similar arrangements, with suitable modifications, to members of other religious clergy who are imprisoned.
The proposals follow concerns raised over the treatment of Ven. Galagoda Aththe Gnanasara Thera after he was taken into custody. President Anura Kumara Dissanayake subsequently held discussions with representatives of the three main Buddhist Nikayas and appointed the committee to examine the existing legal framework.
Nanayakkara said the interim report had been forwarded to the Acting Commissioner General of Prisons, along with instructions to revise the relevant standing orders in accordance with its recommendations.
The proposed amendments have yet to be confirmed as formally implemented.
Meanwhile, the UNP yesterday criticised the government’s decision to appoint a committee to make recommendations on the attire to be worn by imprisoned Buddhist monks and other religious leaders when taken outside prison, describing the move as unnecessary.
In a statement issued yesterday (14), the UNP said the procedures governing the matter were already clearly set out in the Department of Prisons’ Standing Orders, making the appointment of a separate committee unwarranted.
The party cited remarks by Professor G.L. Peiris, Convenor of the Janathawadi Joint Opposition, who had described the committee’s appointment as a
“complete eyewash” and questioned the need for such a move.
Referring to Standing Order 550 of the Prisons Department, the UNP said convicted prisoners appearing before court for legal proceedings should not be required to wear prison uniforms.
It further stated that the regulations allowed prisoners to wear civilian clothing consistent with what they wore before imprisonment, including attire appropriate to their cultural and religious backgrounds.
The UNP accused the government of unnecessarily prolonging the issue by appointing a committee, despite the existence of regulations governing prisoners’ attire.
The party also called on the government to seek forgiveness from the Mahanayake Thera and the Sangha Council of the Kotte Sri Kalyani Samagri Dharma Maha Sangha Sabha of the Siyam Maha Nikaya over the decision concerning the religious attire of Ven. Galagoda Aththe Gnanasara Thera.
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AC President recuses himself from hearing prison attire case pertaining to Gnanasara Thera
Court of Appeal President Justice Rohantha Abeysuriya yesterday withdrew from the bench hearing petitions challenging the decision by prison authorities to require Ven. Galagoda Aththe Gnanasara Thera to wear prison attire following his imprisonment.
The decision was announced when the petitions seeking to invalidate the prison authorities’ decision were taken up for consideration on October 14.
Following his withdrawal, a three-judge bench was appointed to hear the petitions.
The petitions relate to the prison authorities’ decision to require Gnanasara Thera to wear prison attire after he was taken into custody to serve the remainder of his sentence for contempt of court.
In September this year, the Supreme Court annulled the presidential pardon granted to Gnanasara Thera by former President Maithripala Sirisena in May 2019.
Following the ruling, the Court of Appeal directed the Commissioner General of Prisons to take the necessary steps to enforce the remainder of the monk’s prison sentence.
Gnanasara Thera had originally been sentenced to six years’ imprisonment for contempt of court but had served only around nine months before receiving the presidential pardon in 2019.
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