SMEs

Towards Better Jobs in Sri Lanka

With the number of elderly dependents growing faster than the working age population, Sri Lanka will need to create fewer new jobs than it has historically done – just under 30,000 each year – for the next two decades. It is easier to absorb new entrants into jobs of lower productivity. However it will be more challenging, but critical, for Sri Lanka’s future success to meet its people’s rapidly rising aspirations by creating jobs of higher quality. This, then, is the crux of Sri Lanka’s employment challenge. Although the number of new jobs required to be created is less than before, their quality needs to be much better.

SMEs and Budget 2012: Strong Steps, but Tax Relief is Half the Story

Yes, tax concessions are a vital component in the SME-strengthening effort, and the Budget 2012 has much to offer for SMEs. But tax concessions should not be thought of as the panacea for the struggles of Sri Lanka’s SMEs. Other issues are often equally constraining, and more needs to be done about them. Ministry of Finance has delivered; it is now time for SME-mandated government institutions to sharpen their focus and address the vital issues

SME Development Strategies for Sri Lanka: Learning Lessons from Neighbouring Countries

> By Devangi Perera and Anushka Wijesinha – IPS   Striving for the growth and competitiveness of the Small and Medium Enterprise (SME) sector in Sri Lanka has often been identified as imperative in order to provide more employment, bridge …

Access to Credit: Critical Issue for Conflict-Affected Enterprises

By Anushka Wijesinha, Research Officer – IPS The IPS is collaborating with The Asia Foundation on their Local Economic Governance (LEG) project. This blog post captures some initial insights emerging from the ongoing field work. After being shackled by the …

Private enterprise growth in the regions: What is slowing it down?

The key question remains, in the short to medium term, will investments come from big businesses in the Western Province and abroad, or will it be mainly from sources within the regions themselves? Due to years of slow growth, regional enterprises do not have sufficient ploughed back capital available to expand into larger operations, especially in post-conflict areas and lagging regions