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HNB allocates Rs. 10Mn to assist MSMEs affected by the economic crisis

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Sri Lanka’s most MEME-friendly bank, HNB PLC, once again allocated Rs. 10 million to assist entrepreneurs affected by the ongoing economic crisis as a part of its flagship ‘Oba Venuwen Api’ initiative to rebuild and revive the economy.

The initiative launched with the onset of the COVID-19 pandemic in 2020 will offer a select 100 entrepreneurs across the island Rs. 100,000 each to be used for capital requirements. HNB DGM CHRO/CTO, L. Chiranthi Cooray, HNB DGM Retail and SME Banking Sanjay Wijemanne, HNB Head of Microfinance, Vinodh Fernando, Head of SME and Micro Finance Indravasan Kailaivasan and Head of Marketing Upul Adikari were present at a special ceremony held to distribute the funds.

“MSMEs are the backbone of the Sri Lankan economy. We have more than 500,000 entrepreneurs offering employment opportunities across various industries. It is only fair that entrepreneurs have a safety net and assistance given the hardships they have experienced, first by the pandemic and now the economic crisis. As a bank with a long history of working with MSMEs, we intend to continue supporting them in any possible way during these difficult times,” HNB DGM CHRO/CTO, L. Chiranthi Cooray said.

Notably, the bank assisted 117 microfinance customers in 2020 under the first phase and subsequently disbursed to 83 in 2021 during the second phase. Under the project’s third phase, HNB will support 100 microfinance customers this year.

The fund, established by HNB’s Sustainability Foundation, aims to drive corporate citizenship through its strategic pillars, with the Bank’s Customer Centers across the island. The foundation focuses on four strategic pillars: education, healthcare, empowering entrepreneurship and the environment. HNB has been closely linked to the growth of Sri Lankan enterprises since its establishment. The bank was the first to enter the MSME market in the 1980s to foster growth and wealth creation in Sri Lanka’s rural economy.



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Full implementation of 13A: NFF vows to torpedo Ranil’s move, asks Dinesh, Mahinda to disclose their stance

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By Shamindra Ferdinando

The National Freedom Front (NFF), a constituent member of Nidahas Janatha Sandhanaya (NJS), has declared that it would oppose President Ranil Wickremesinghe’s bid to fully implement the 13th Amendment to the Constitution. The patriotic people were ready to defeat such plans, even at the expense of their lives, the party has vowed.

The breakaway JVP faction consists of six MPs, including former minister Wimal Weerawansa. The NJS is contesting the Local Government polls, scheduled for March 09, under the ‘Helicopter’ symbol.

NFF spokesperson, MP Jayantha Samaraweera, on Monday (30), told the media that his party was ready to lead a campaign against the UNP leader’s move to do away with constitutional safeguards meant to ensure Sri Lanka’s unitary status. The Lawmaker addressed the media at the NFF main office, at Pitakotte.

Having declared his intention to fully implement the controversial constitutional amendment at the Thai Pongal celebrations, in Jaffna, on January 15, President Wickremesinghe reiterated his commitment to the Eelam project during the party leaders’ meeting at the Presidential Secretariat, the former State Minister said.

Lawmaker Samaraweera asked Prime Minister Dinesh Gunawardena, and twice President Mahinda Rajapaksa, who had flanked President Wickremesinghe, at the party leaders’ meeting, to disclose their stand on 13th Amendment.

The Nidahas Janatha Sandhanaya, consisting of NFF, Democratic Left Front, Communist Party, Lanka Samasamaja Pakshaya, Pivuthuru Hela Urumaya, Vijayadharani Jathika Sabhawa, Yuthukama, Sri Lanka Freedom Party, Nidahasa Janatha Sabhawa, Jana Jaya Peramuna, Sri Lanka Mahajana Pakshaya and Nidahas Janatha Peramuna, has yet to disclose its position on this issue.

MP Samaraweera attacked the President, close on the heels of NFF leader Wimal Weerawansa, who is also the Chairman of the Uththara Lanka Sabhagaya (ULS), questioning the legitimacy of the move. Lawmaker Weerawansa addressed this issue at a meeting held at the BMICH, on January 26, to discuss ways and means to thwart the move to privatize the CEB.

The ULS consisting of seven political parties, and groups, is aligned with the NJS.

Referring to the circumstances UNP leader Wickremesinghe re-entered Parliament, through the National List, nearly a year after the last General Election, former Minister Weerawansa emphasized the President didn’t have a mandate to fully implement the 13th Amendment. How could the UNP leader abolish Sri Lanka’s unitary status, having received an opportunity to complete Gotabaya Rajapaksa’s remainder of five-year term, won at the Nov. 2019 Presidential Election.

The MP challenged their erstwhile comrades, in the JVP, to state their position on the 13th Amendment. Alleging that the JVP had been conveniently silent on the issue at hand, MP Samaraweera asked whether the current leadership would take up Wickremesinghe’s challenge.

In addition to Weerawansa and Samaraweera, Yuthukama leader Gevindu Cumaratunga, MP, has declared opposition to the President’s move, at the party leaders’ meeting.

Of the SLPP parliamentary group, retired Rear Admiral Sarath Weerasekera is the only MP to publicly oppose Wickremesinghe’s proposal.

Political sources said that the NJS, as a group contesting the forthcoming LG polls, was yet to deliberate this issue and take a stand. They said that consensus was required without further delay as the President’s proposal would be a major issue at the forthcoming election.

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PHU, too, opposes land, police powers to PCs

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A lawyers’ group, aligned with Pivithuru Hela Urumaya (PHU), yesterday (31) said that President Ranil Wickremesinghe couldn’t unilaterally decide on the full implementation of the 13th Amendment to the Constitution.

Attorneys-at-Law Pasan Gunasekera and Bhupathi Kahathuduwa, in a statement issued, explained why police and land powers, in terms of the controversial amendment, shouldn’t be granted to Provincial Councils. Abolition of current constitutional safeguard would undermine Sri Lanka’s unitary status thereby paved the way for a new conflict.

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Bangladesh FM to deliver LK memorial lecture

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Bangladesh Foreign Minister, Dr. A.K. Abdul Momen, will deliver the Lakshman Kadirgamar memorial lecture at Block 3, Jasmine Hall, BMICH, on February 03, at 6 pm.

The LTTE assassinated the then Foreign Minister, Kadirgamar, on Aug. 12, 2005.

FM Momen will deliver the annual lecture on the invitation of the Lakshman Kadirgamar Institute of International Relations and Strategic Studies.

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