Public Sector's role to enhance the entrepreneurial ecosystem

The real challenge of the Government and Ministerial departments is to develop the entrepreneurial policy suitable and sustainable base on the current strength and economic trend. Also to avoid duplication or a borrow model from another ecosystem to try to create change via direct intervention.

To develop a set of general principle to support the enterprise development and the entrepreneurial ecosystem for youth have two approaches. First one is the ‘traditional’ approach that gives importance on building total number of businesses via start-up programs, grants financing, investment and technological support. These kinds of programmes are ‘transactional’. Even though it creates some kind of value but cannot guarantee success. It’s similar to you pick a few successful businesses as winners.

Today’s children are tomorrow’s leaders

Today is very rare to see the good leadership. We are always showing an example of historical leaders from books. Are we setting a good example of leadership for today’s youth? Not recently. We should actually be ashamed of ourselves for the despicable display of leadership that we are witnessing.

While leadership skills can come naturally, children learn lessons along the way that significantly impacts them later in life. The right words at the right time can make all the difference.

As Deon Price mentioned, if a person with poor leadership qualities is placed in a position of authority over a person, an organization or a nation, they will generate more harm than good. So what is leadership? In research for this column I found various definitions of leadership but here is the one that best defines this role.

Sri Lanka’s affected economy depends on tourism and now it could get worse.

Introduction of Tourism Industry: The immediate economic consequences of Sri Lanka’s brutal Easter Sunday terror attacks are obvious. The damage to tourism is the most apparent; investments decisions might be delayed. However, as a country that had withstood more than three decades of terror prior to May 2009 and an economy that had shown resilient growth averaging 5% per annum in that period, Sri Lanka is certainly not a novice in managing the expected economic fallout.

Sri Lanka has a growing tourism industry. Since gaining independence from the British in 1947, Sri Lanka has continued to attract foreign investors and tourists to the island. The country's important placement also enables it to attract transit visitors into the island.

Rural Unemployment in Sri Lanka.

Unemployment has been a serious economic and social problem among rural community in Sri Lanka which cause rapid growth of unemployment among rural youth presents critical social economic problem for the policy maker. Rural unemployment along with urban unemployment is termed as one among the serious problems in Sri Lanka, since it creates a ripple effect across the economy. Apart from the personal loss to individual and their family, it results in lower purchasing power (economically), consumption of goods and services will go down. These will lead to lower consumption of goods production. Lower production leads to lower contribution to revenue to country and it finally affect the economy of Sri Lanka.

Reasons of rural unemployment in Sri Lanka

Unemployment wasn’t widespread in rural areas, since most people were engaged in agriculture which helped them earn a living. Despite droughts, people continue to pursue agriculture. But with the advancement of technology through industrial civilization, textile mills and others sort of factories began to grow in Sri Lanka during British era. Though it led to mass migration of people to rural areas, drought like conditions and lack of income from agriculture created huge unemployment among rural youth.

Fulfilling Dreams: S.T. Seelan's Vision Transforms Lives through Nutrition and Education

In a heartening initiative aimed at uplifting the underprivileged, a comprehensive work program focusing on providing essential nutrition to preschool children has been set in motion in Batticaloa District. This remarkable effort was exemplified through a mobile medical camp and feeding event on Sunday, April 7, 2019, targeting the underprivileged preschool students of Batticaloa Parathivu Pattu Divisional Secretariat Division.

The event, orchestrated under the dynamic leadership of social activist S.T. Seelan, was a collaborative effort by the East Sri Lanka Hindu Community Development Council, the Nick and Nellie Foundation Fund, and the Porativu Pattu Divisional Secretariat.

Promote cultural value of Tamil community through using existing traditional celebrations

Introduction

‘Tamil’ means ‘sweetness’ and ‘Culture’ has been defined as ‘sweetness and light’. ‘Tamil’ and ‘Culture’, therefore, make a most graceful combination both in Language and Life. Culture has been defined as a ‘way of life’, as ‘sweetness and light’, as ‘activity of thought and receptiveness to beauty and humane feeling’. These brief definitions are sufficient to show the comprehensiveness and the indispensability of culture, for one must have a way of life, and that way of life should be combined with sweetness and light, with activity of thought, and with beauty and humane feeling.

Tamil Culture is nothing else but the Tamil way of life, a pattern of gracious living that has been formed during the centuries of Tamil history. It has been conditioned by the land, the climate, the language, the literature, the religions, the customs, the laws, the food, the games and toys of the Tamil people, by the palmyra palm, the gingelly oil, and the vegetables associated with them. Culture is a most elusive and at the same time an all-embracing term.

Sri Lankan Women on Small and Medium Enterprises: Why so few and how to have more.

Sri Lankan Women SMEs trend

Female participation in the labour force at 40% is significantly lower than for men (75%) in Sri Lanka, Also unemployment rates are significantly higher for women. There

is also a large gender gap in the share of women who are unpaid family workers, who account for 20.4% of women compared to 3% of men.

In Sri Lanka SMEs contribute about 45% of its gross domestic product and provide about half of the country’s jobs. Yet, among SMEs, only 25% of entrepreneurs are women. Their lower capacity contributes to a $350 million gender credit gap, according to the ADB. Capitalising on entrepreneurship to economically empower women and generate inclusive growth in Sri Lanka will require reducing various bottlenecks, especially access to finance.