Difficulties on accessing facilities in SME development in Sri Lanka.

 Background.

More than 50 million SMEs exist currently and over the last five decades, the SME sector has grown dynamically by contributing 40% of the country’s exports and creating millions of jobs annually.

In Sri Lankan context, Small and Medium Enterprises (SMEs) play an important role in economies in terms of their contribution to national output, employment and share of firms operating in countries and also SMEs are the backbone of the economy, which is accounting over 52% of total GDP in our economy, therefore key players in engendering regional development and inclusive growth, i.e. ensuring that the benefits of growth go to all cohorts of society. In addition SMEs provide 45% of national employment and 75% of the total enterprises in the economy. The notable one in the below figure is the SMEs are owned by the women is about 22-39%.  So these enterprises present a wealth of opportunity for domestic economic growth.

Entrepreneur development post Covid 19.

A new non-profit organization, Entrepreneur Support Lab or ENSULA, has been formed to provide technical assistance to small and medium entrepreneurs. This is an initiation by CEO and Chairman of The Advanced Design Studio Mr. Wijesinghe Dissanayake, Assistant Director of the National Human Resource Development Council of Sri Lanka Mr. Sivaguru Thanigaseelan, and Director of the Institute for Health and Social Behavior (USA) Dr. Thulitha Wickrama. The goal of the organization is to provide technical assistance to S & M entrepreneurs in formation, functioning, and management of business activities. Through the assistance provided this organization wishes to help them succeed both in Sri Lanka and abroad.  

Construction Industry employment and Covid-19

Overview of the Construction Industry

Sri  Lankan  construction  industry development  has  closely followed  the  economic  developments of the  past  decade.  The  economic conditions  of the day determined the developmental trend in the construction  industry.  The  construction sector has benefited from the recent growth in   infrastructure projects  resulting from the rapid  urban  development policies.  

Within the last eleven year, the country saw an unprecedented development of high-end residential apartments, commercial space, hotels and resorts, and infrastructure; a record growth in the construction sector. Just as the construction industry has benefited the most from the developmental policies, the economy has in turn benefited from the construction industry n terms of employment and finances. With the growth in the construction industry in recent years, its financial and employment contribution to the economy has been large. The contribution by the construction industry to the GDP and employment generation is about 8%. Gross Domestic Capital Formation has contributed about 42%.

Leadership and economic security: The President is an example

Today we are witnessing a new risk experience a global pandemic which one gets to experience in a lifetime. Sri Lanka has experienced many natural and man-made disasters and has successfully recovered most. Therefore, the lessons and experiences gained during the disasters will certainly help them recover from these risks to some extend; however the coronavirus infection which is spreading today is new risk which has affected not only the developing countries, but many developed countries as well.

In this context, the economic and human losses of many countries have been a major challenge globally, and as IMF warns  will be a too larger damage to recover from due to the Corona virus disease 2019 ( COVID_19). Due to the whole of government and whole of the society approach that Sri Lanka too we have been able to successfully contain the disease to a certain extent. The immediate, measure we took is an example for other countries i.e immediate lockdown, initiating quarantine, relief measures to solve the economic problems . As the WHO Chief has alluded, Sri Lanka was one of the first countries to take pro-active steps against the coronavirus, well before it was declared a pandemic by the WHO.  This is an indication of  great leadership of our country in this disaster situation.

Empowering Communities: Seelan's Initiative to Tackle Poverty through Child Nutrition Programs

The persistent challenges faced by many parts of Batticaloa, marked by economic decline, underscore the urgent need for comprehensive solutions. Poverty and unemployment continue to afflict our people, demanding more than just temporary relief — a concerted effort to uplift them from these challenging circumstances. In collaboration with the community, Seelan has taken a proactive step by initiating a nutrition program to provide sustainable support to needy school children.

The impact of this initiative became tangible as a quantity of Nestamold Palma was distributed under the ongoing nutrition program. The beneficiaries included the Kannapuram Narayanan Preschool children, Kilakkin Oli Preschool, Malayarkatu, and Palamurugan Preschool Thikodai. By addressing the nutritional needs of these young minds, Seelan strives to break the cycle of poverty and open doors to a brighter future.

Sri Lanka: Could it be protected from Coronavirus?

The world is facing a massive challenge today and Sri Lanka too is not free from this challenge. It has affected the day-to-day operations of the economy and health sector of our nation. However, it is commendable that our government has taken many steps to overcome these challenges and protect our people and tourists from other countries. It is time that we take the Coronavirus threat seriously. Sri Lankans must acknowledge the nature of this threat – both the severity of physical impact as well as the social and economic impact which could be nationally devastating if effective containment is not ensured. However, it is not enough if the government is only alert. Moreover, the public needs to be vigilant to prevent this disaster.

The healthcare system of Sri Lanka and its attendant cadres of professionals, is credited with the elimination of several diseases such as Malaria and Polio, and has the potential to rise up to any challenge. The Coronavirus may yet be the biggest challenge it has faced in recent times. But with the right leadership, preventive measures and public cooperation, it is a battle that can be won. 

Hindus across Sri Lanka celebrated Thai Pongal, a Hindu harvest festival dedicated to the Sun God. The festival is a public holiday in Sri Lanka. The Hindus, among them,
are celebrating the “Pongal” harvest festival, popularly known as Thai Pongal, celebrated in the first four days of the Thai month in the Tamil-Hindu calendar.

Tamil culture has been forgotten for various reasons for many years, but now citizens are responsible for restoring them and giving back to society. This Pongal festival was concluded with a noble purpose. Notably, many of the village organisations have worked closely to conduct this event successfully.

Traditional Pongal Festival– 2020

Hindus across Sri Lanka celebrated Thai Pongal, a Hindu harvest festival dedicated to the Sun God. The festival is a public holiday in our country. The Hindus among them are celebrating the “Pongal” harvest festival, popularly known as Thai Pongal, celebrated in the first four days of the month of Thai in the Tamil-Hindu calendar.

Our culture has been forgotten for various reasons by many years. But now we have a responsibility to restore them and give them back to our society. We have concluded this Pongal festival with a noble purpose. It is noteworthy that many of the village organizations have worked closely to conduct this event successfully.