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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.
Latest News
618 dead, 209 missing as at 2000hrs on Saturday [06]
The Situation Report issued by the Disaster Management Center [DMC] at 2000hrs on Saturday [06] confirms that 607 persons have died due to the recent flooding and landslides while another 209 persons were missing.
The death toll in the Kandy district which one of the most affected districts has risen to 232, and 1800 houses have been fully damaged.The number of missing persons reported is 81
100,124 persons belonging to 29,874 families were being housed at 990 safety centers established by the government.

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Opposition blames govt. inaction for severity of disaster impact
The government’s failure to act on expert warnings, including advance forecasts on Cyclone Ditwah, had led to the worsening of disaster impact, Udaya Gammanpila, leader of the Pivithuru Hela Urumaya, said at a press conference in Colombo yesterday.
Gammanpila accused the NPP government of ignoring 14 key preventive measures, despite alerts from the Meteorology Department, foreign experts, and the media.
Gammanpila said the government had failed to lower the water levels in reservoirs, dredge estuaries, and deploy the armed forces for canal maintenance. Local government bodies were reportedly sidelined, and that led to a delay in cleaning of drains. He said the government had also failed to evacuate people in a timely manner from seven districts identified by the National Building Research Organisation as landslide-prone. It had delayed declaring emergencies or curfews and the deployment of tri-forces to evacuate people in such areas.
Gammanpila said an experienced public official should have been appointed as Secretary to the President to mobilise the state machinery swiftly during the disaster. He said the government had not convened the National Disaster Council.
“These failures worsened the disaster, causing immense hardship, disruption, and loss of life and property to the people,” Gammanpila said.
The government has denied the Opposition’s claims.
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National Archives seeks freezing capacity to ward off mould from vital water-damaged documents
The Department of National Archives Friday made an urgent appeal for freezing capacity to protect from mould vital water damaged documents, particularly irreplaceable public records of legal value saying this would be be time buying exercise before mould destroys them permanently.
Dr. Nadeera Rupesinghe, Director General of National Archives, said in the appeal that “freezing water-damaged documents stops mould growth and stabilizes materials until proper conservation treatment is possible. It buys time.
Without freezing capacity, we will lose vital records, land registries, court documents, historical records, and the evidence millions of citizens need to rebuild their lives.
“These public institutions urgently need access to freezer facilities and mobile freezers across the country. Public records as bound volumes, and bundled records have to be frozen in large quantities. We understand this is an extraordinary request during an already difficult time. We are asking you to provide space in existing freezer facilities on a temporary basis (weeks to months).”
She said if anybody able to provide such facilities without cost, in return, the National Archives can support full documentation of your contribution for CSR reporting and national recognition as a partner in preserving Sri Lanka’s evidentiary landscape.
“These are not abstract historical records. These are the records our citizens need to prove who they are, what they own, and what they are owed. What we stand to lose –
Court records and legal evidence spanning decades
Personnel files affecting pensions and benefits
Financial records required for audits and accountability
Public records essential for maintaining administrative history
Historical documents that tell our national story”
Noting that the business community has always been a partner in Sri Lanka’s development, the National Archives Department asked it to be partners in preserving the documentary foundation on which business, law, and civil society depend.
“Every land transaction, every contract, every court case relies on records. Help us save them,” Rupesinghe said.
If your organisation has freezing capacity you can make available, please immediately contact Mr Anuradha Adikaram, Senior Archivist on 077 6815551 (Available 24 hours) .
The department will coordinate connecting those who can assist with organisations that are searching for freezer facilities.
“Time is the enemy. Every hour without freezing capacity means more records lost to mould. Every day of delay means more families without proof of their homes, their citizenship, their rights. We are asking for freezers, but we are really asking you to help preserve the documentary infrastructure of our nation,” Rupesinghe said.
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