Local SME sector needs to grow fast for economy to climb the ladder
View(s):Small and medium scale enterprises in the country have to pick up fast if the country’s economy is to grow, according to Arjuna Herath, President of the Chartered Accountants Institute of Sri Lanka (CA Sri Lanka). He made this comment at a media briefing on Tuesday at the Hilton Residence in Colombo to launch the 36th National Conference of Chartered Accountants (NCCA).
He said Sri Lanka having a proper accounting framework is what has led investors to come into the country. There is a lot of new thinking from young minds that come for the conference each year and the themes are chosen based on the results of the previous conference.
The theme of this year’s conference is ‘Catalyst 2015: Collaborate to Compete’ and will be held from 4-6 November at the BMICH in Colombo. NCCA Technical Committee Chairman Nandika Buddhipala spoke on topics of this year’s conference which are economic collaboration, public and private sector collaboration, collaborative supply chain, collaborate to innovate, collaboration in human resources and collaborative role of CFO/Finance professionals.
It was also mentioned that with globalisation, liberalization of economics and technological advancements bearing a considerable impact on the world, which has also led to the transformation of business across the globe, the conference will take the lead to inspire Sri Lankan businesses on the importance of ‘collaboration’ to help foster closer and sustainable partnerships with their service providers, employees and even competitors in order to achieve holistic business excellence.
The NCCA will educate the corporate sector on the importance of economic collaboration that can lead to competitive advantage and how companies can achieve excellence through collaborative supply chain models and how the public private partnership could be deployed as an effective strategy not only to meet the colossal funding requirements of the infrastructure projects but also to ensure technological and efficient management systems.
The conference will include local and foreign speakers who will give insights s on how continuous collaboration could steer innovation within diverse organisations and how to harness the best talents in producing outstanding results. The 2-day conference consists of technical sessions, will explore how the role of a financial professional could accelerate business growth along with individual professional advancement. (RM)