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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.
News
Comprehensive reforms to be introduced in the higher education sector in line with primary and secondary education reforms – PM
Prime Minister Dr. Harini Amarasuriya stated in Parliament on Wednesday [06th of May] that the Government has planned to introduce relevant changes in the higher education sector aligning with the new reforms being implemented in the primary and secondary education sectors.
The Prime Minister made these remarks while responding to questions raised by Member of Parliament Manjula Sugath Rathnayaka.
The Prime Minister further stated:
“A special expert committee appointed for this purpose has been in operation over the past six months, and based on the report of this panel, existing issues in the higher education sector will be identified and the necessary reforms will be implemented.
A total number of 281,810 students sat for the 2025 G.C.E. Advanced Level Examination, of whom 176,538 qualified for university admission. Following the subject streams, the number of students who qualified is as follows: 32,935 in Biological Sciences, 23,012 in Physical Sciences, 39,608 in Commerce, 58,269 in Arts, 4,199 in the General Stream, 12,472 in Engineering Technology, and 6,043 in Bio-Systems Technology from which 42,937 students are expected to be admitted to universities.
While ensuring the quality of education, the Government gives priority to improving facilities for university students. It has also been decided to maintain the intake for first-degree admissions at the same level as in previous years.
A new course in Geographic Information Systems has been introduced at the University of Ruhuna, and a course in Electronic and Intelligent Systems Engineering has been introduced at the University of Peradeniya from the academic year 2025/2026. Fifty students will be enrolled for each of these new programmes. Steps have already been completed to release the cut-off marks and forward the registration lists to the respective universities”.
Responding to a question raised by the Member of Parliament K. Kader Mastan regarding preschool education, the Prime Minister stated:
“As most preschools in the country are managed by the private sector, the Ministry currently has no provision to offer permanent appointments or salaries to their staff. However, steps are already being taken to provide a certain allowance to volunteer teachers in selected preschools under Provincial Councils.
By 2027, the entire preschool education system is expected to undergo comprehensive reform, with necessary measures being jointly undertaken by the Ministry of Education and the Ministry of Women and Child Affairs.
In addition, based on the recommendations of the National Education Commission, a national policy to regulate preschool education is scheduled to be established in 2026. Under this policy, teacher guidelines and model activity manuals are being prepared, along with plans to conduct teacher training programmes at the provincial level”.
Commenting on volunteer teachers, the Prime Minister emphasized that, in accordance with the Cabinet decision dated 04.01.2007, the policy of not recruiting any volunteer teachers beyond the approved 4,700 teacher aides will continue to be implemented.
[Prime Minister’s Media Division]
News
Joint programme between President’s Fund and Janashakthi Foundation to expand healthcare facilities for children
A special collaboration between the Presidents’s Fund and the Janashakthi Foundation, aimed at expanding healthcare facilities available to children under the age of 18, was launched on Wednesday (06) morning.
Implemented under the theme “Building a Healthier Today for a Winning Tomorrow”, this national initiative has been introduced through the joint efforts of the President’s Fund and the Janashakthi Foundation with the objective of reducing the financial barriers associated with children’s healthcare.
Under the President’s Fund, only a portion of the medical expenses incurred by a patient is generally covered. However, under this new collaboration, the Janashakthi Foundation will provide either an equivalent amount or the remaining balance of the treatment cost, whichever is lower.
Speaking on the occasion, Secretary to the President’s Fund and Senior Additional Secretary to the President, Roshan Gamage, stated that the present Government had taken steps to decentralise and digitalise the operations of the President’s Fund, thereby transforming it into a truly people-centric fund. He noted that this had reinforced public confidence in the Fund’s transparency, accountability and effectiveness and added that the collaboration with the Janashakthi Foundation had further strengthened this process.
Gamage further stated that close and meaningful coordination with the private sector would help enhance healthcare assistance provided to children and minimise the gap between the financial aid available and the actual cost of essential medical treatment.
Also addressing the gathering, Managing Director and Group Chief Executive Officer of the Janashakthi Group, Ramesh Schaffter, stated that difficulties in accessing medical treatment constitute a major obstacle preventing children from progressing towards a better future.
He further stated that the collaboration seeks to reduce that obstacle by extending support to children who are in urgent need of assistance, thereby laying the foundation for future generations to face tomorrow with greater confidence.
Under this programme, applicants seeking additional financial assistance are required, when applying to the President’s Fund, to duly complete and submit a consent form authorising the secure sharing of their information with the Janashakthi Foundation.
The identification of children requiring financial assistance, verification of their information and approval of funds will continue to be carried out by the President’s Fund.
Under this initiative, payments will generally be made to the guardians of children following the completion of treatment. However, in cases involving emergency treatment and treatment conducted overseas, payments will be made in advance.
Applicants submitting medical assistance applications to the President’s Fund from 15 May 2026 onwards will be eligible to apply for additional funding from the Janashakthi Foundation.
The event, held at the Hilton Colombo, was attended by J.M. Wijebandara, Director General of Legal Affairs at the Presidential Secretariat and Advisor to the President (Legal Affairs); C.T.A. Schaffter, Founder and Chairman Emeritus of the Janashakthi Group; Gamika De Silva, Group Chief Marketing Officer; Dilshan Wirasekara, Deputy Chief Executive Officer of the Janashakthi Group; as well as officials of the President’s Fund and the Janashakthi Foundation.
President’s Media Division (PMD)
News
Maldivian President concludes state visit to Sri Lanka
The President of the Republic of Maldives, Dr. Mohamed Muizzu, departed Sri Lanka on Wednesday morning (06) from the Bandaranaike International Airport, Katunayake, concluding a successful state visit to the country.
The visit by the Maldivian President and his delegation further strengthened the longstanding friendship and cooperation between the Maldives and Sri Lanka, while delivering a range of mutual benefits to the peoples of both nations.
This marked President Muizzu’s first state visit to Sri Lanka, during which several mutually beneficial areas of cooperation were agreed upon, underscoring the success of the visit.
Minister of Science and Technology, Krishantha Abeysena, Minister of Youth Affairs and Sports , Sunil Kumara Gamage, Member of Parliament Oshani Umanga, along with senior officials of the Ministry of Foreign Affairs, were present at the airport to bid farewell to the Maldivian President, the First Lady and the accompanying delegation.
(President’s Media Division)
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