Features
MSME sector development vital for achieving sustainable development
Insights during Covid-19 situation
(Continued from yesterday)
By Dr. Tissa Ravinda Perera
Faculty of Management & Finance
University of Colombo
Email: ravinda@mos.cmb.ac.lk
Main problems faced by Sri Lankan MSMEs at present
The MSMEs cannot get even short-term credit facilities because the banks or financial institutions ask for securities. The use of traditional technology in some sectors of MSMEs is really a problem faced by them. The cost of production is also very high for the MSMEs in comparison to that of large scale businesses or the cost of imports. These businesses use mainly traditional types of skilled labour and they do not have technology based proper training. These businesses use lower level of expertise knowledge and scientific machineries, therefore the quality of the products are also low. It is difficult for these businesses to compete with large scale businesses since they are weak in many areas. The MSMEs have a lower production quantity and limited market, too. Hence, their turnover and income are also low and it may lead to failure, too. This is a serious issue faced by the MSMEs. In most of the MSMEs, the marketer, owner and manager are the same. Therefore, the business could face managerial problems in the short run and bankruptcy in the long run
Global trends in MSME Sector
The use of information technology, telecommunication, low cost and attractive products and service are some of the features of the modern MSMEs. The modern MSMEs also use social and digital media to attract customers and sell their products. They prefer online service to offline service.
Therefore, it is evident that the modern MSMEs are ICT-based and web-based businesses. They also prefer using credit and debit cards as the mode of receiving money than using hard currencies. The search engines, like Google and Yahoo have entered their day-to-day language. These things have also affected the Sri Lankan MSMEs.
Why MSME Sector need to be promoted in Sri Lanka?
There are numerous reasons why MSMEs should be promoted in Sri Lanka, the main being that they can be started with a lower capital. Therefore, it is very important for the country to look into this matter and help the MSME sector.
Sri Lanka has a relatively higher unemployment rate of 4.18%. This could be reduced by promoting MSMEs because the majority of them are mainly labour intensive. There is a trend in Sri Lanka that people migrate from villages to cities. This can be reduced with the help of MSMEs.
There is no need for expertise managerial skills for MSMEs to manage their affairs. Therefore, it is easy to start and run the business in any area.
There is a regional demand for many products and services. It is evident that many products and services are delivered from Colombo or cities to villages. This could be reversed if the country promotes MSMEs at the regional level.
Sustainable Development through SME Sector Development
The Sri Lankan MSME sector grows at 2.9% and it is very low compared to the global growth rate of 5.2%.
Therefore, the country must pay more attention to the development of the MSME sector due to many reasons. Sustainable development could achieved through the MSME sector. The present government should launch a programme like Enterprise if Sri Lanka is to develop the MSME sector.
The current situation is the best time for the government to initiate this change since this is the time where the MSME sector needs more support and the country needs more contribution from them..
Features
Rethinking global order in the precincts of Nalanda
It has become fashionable to criticise the US for its recent conduct toward Iran. This is not an attempt to defend or rationalise the US’s actions. Rather, it seeks to inject perspective into an increasingly a historical debate. What is often missing is institutional memory: An understanding of how the present international order was constructed and the conditions under which it emerged.
The “rules-based order” was forged in the aftermath of two catastrophic wars. Earlier efforts had faltered. Woodrow Wilson’s proposal for a League of Nations after World War I was rejected by the US Senate. Yet, it introduced a lasting premise: International order could be consciously designed, not left solely to shifting power balances. That premise returned after World War II. The Dumbarton Oaks process laid the groundwork for the UN, while Bretton Woods established the global financial architecture.
These frameworks shaped modern norms of security, finance, trade, and governance. The US played the central role in this design, providing leadership even as it engaged selectively- remaining outside certain frameworks while shaping others. This underscored a central reality: Power and principle have always coexisted uneasily within it.
This order most be understood against the destruction that preceded it. Industrial warfare, aerial bombardment, and weapons capable of unprecedented devastation reshaped both the ethics and limits of conflict. The post-war system emerged from this trauma, anchored in a fragile consensus of “never again”, even as authority remained concentrated among five powers.
The rise of China, the re-emergence of India, and the growing assertiveness of Russia and regional powers are reshaping the global balance. Technological disruption and renewed competition over energy and resources are transforming the nature of power. In this environment, some American strategists argue that the US risks strategic drift Iran, in this view, becomes more than a regional issue; it serves as a platform for signalling resolve – not only to Tehran, but to Beijing and beyond. Actions taken in one theatre are intended to shape perceptions of credibility across multiple fronts.
Recent actions suggest that while the US retains unmatched military reach, it has exercised a level of restraint. The avoidance of escalation into the most extreme forms of warfare indicates that certain thresholds in great-power conflict remain intact. If current trends persist-where power increasingly substitutes for principle — this won’t remain a uniquely American dilemma.
Other major powers may face similar choices. As capabilities expand, the temptation to act outside established norms may grow. What begins as a context-specific deviation can harden into accepted practice. This is the paradox of great power transition: What begins as an exception risk becoming a precedent The question now is whether existing systems are capable of renewal. Ad hoc frameworks may stabilise the present, but risk orphaning the future. Without a broader framework, they risk managing disorder rather than designing order. The Dumbarton Oaks process was a structured diplomatic effort shaped by competing visions and compromise. A contemporary equivalent would be more complex, reflecting a more diffuse distribution of power and lower levels of trust Such an effort must include the US, China, India, the EU, Russia, and other key powers.
India could serve as a credible convenor capable of bridging divides. Its position -engaged with multiple powers yet not formally aligned – gives it a degree of convening legitimacy. Nalanda-the world’s first university – offers an appropriate symbolic setting for such dialogue, evoking knowledge exchange across civilisations rather than competition among them.
Milinda Moragoda is a former cabinet minister and diplomat from Sri Lanka and founder of the Pathfinder Foundation, a strategic affairs think tank could be contacted atemail@milinda.org. This article was published in Hindustan Times on 2026.04.19)
By Milinda Moragoda
Features
Father and daughter … and now Section 8
The combination of father and daughter, Shafi and Jana, as a duo, turned out to be a very rewarding experience, indeed, and now they have advanced to Section 8 – a high-energy, funk-driven, jazz-oriented live band, blending pop, rock, funk, country, and jazz.
Guitar wizard Shafi is a highly accomplished lead guitarist with extensive international experience, having performed across Germany, Australia, the Maldives, Canada, and multiple global destinations.
He is best known as a lead guitarist of Wildfire, one of Sri Lanka’s most recognised bands, while Jana is a dynamic and captivating lead vocalist with over a decade of professional performing experience.
Jana’s musical journey started early, through choir, laying the foundation for her strong vocal control and confident stage presence.
Having also performed with various local bands, and collaborated with seasoned musicians, Jana has developed a versatile style that blends energy, emotion, and audience connection.
The father and daughter combination performed in the Maldives for two years and then returned home and formed Section 8, combining international stage experience with a sharp understanding of what it takes to move a crowd.
In fact, Shafi and Jana performed together, as a duo, for over seven years, including long-term overseas contracts, building a strong musical partnership and a deep understanding of international audiences and live entertainment standards.
Section 8 is relatively new to the scene – just two years old – but the outfit has already built a strong reputation, performing at private events, weddings, bars, and concerts.
The band is known for its adaptability, professionalism, and engaging stage presence, and consistently delivers a premium live entertainment experience, focused on energy, groove, and audience connection.
Section 8 is also a popular name across Sri Lanka’s live music circuit, regularly performing at venues such as Gatz, Jazzabel, Honey Beach, and The Main Sports Bar, as well as across the southern coast, including Hikkaduwa, Ahangama, Mirissa, and Galle.
What’s more, they performed two consecutive years at Petti Mirissa for their New Year’s gala, captivating international audiences present with high-energy performance, specially designed for large-scale celebrations.
With a strong following among international visitors, the band has become a standout act within the tourist entertainment scene, as well.
Their performances are tailored to diverse audiences, blending international hits with dance-driven sets, while also incorporating strong jazz influences that add depth, musicianship, and versatility to their sound.
The rest of the members of Section 8 are also extremely talented and experienced musicians:
Suresh – Drummer, with over 20 years of international experience.
Dimantha – Keyboardist, with global exposure across multiple countries.
Dilhara – Bassist and multi-instrumentalist, also a composer and producer, with technical expertise.
Features
Celebrations … in a unique way
Rajiv Sebastian could be classified as an innovative performer.
Yes, he certainly has plenty of surprises up his sleeves and that’s what makes him extremely popular with his fans.
Rajiv & The Clan are now 35 years in the showbiz scene and Rajiv says he has plans to celebrate this special occasion … in a unique way!
According to Rajiv, the memories of Clarence, Neville, Baig, Rukmani, Wally and many more, in its original flavour, will be relived on 14th July.
“We will be celebrating our anniversary at the Grand Maitland (in front of the SSC playground) on 14th July, at 7.00pm, and you will feel the inspiration of an amazing night you’ve never seen before,” says Rajiv, adding that all the performers will be dressed up in the beautiful sixties attire, and use musical instruments never seen before.
In fact, Rajiv left for London, last week, and is scheduled to perform at four different venues, and at each venue his outfit is going to be different, he says, with the sarong being very much a part of the scene.
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