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CSE’s new, tech savvy investors will be the future of startups

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By Prajeeth Balasubramaniam, Co-Founder of BOV Capital

In a relentless push towards modernization, and staying open throughout various lockdowns, the Colombo Stock Exchange (CSE) has experienced some remarkable changes over the last 18 months. Investing by domestic individuals has more than doubled, to 56% as of 2021 YTD (Year To Date), compared to its former level of 22% in 2018.

It is noteworthy that the CSE has helped companies raise Rs. 77 billion so far in 2021, which is due in no small part to a whole new generation of retail investors having emerged recently. Currently, these retail investors now account for approximately 55% of all trading on the CSE. In addition, 80% of new accounts opened at the CSE have been done online, which is likely the result of young and tech savvy investors starting to invest in the CSE.

These new investors are now likely to drive investment in technology companies on the CSE similar to the trends that have been witnessed in other markets. Investors tend to invest in companies and industries that they understand. Sri Lanka has a technology pool of over 100,000 professionals building world class products and generating over US$ 1.2 billion in export revenues that can help fuel investment in technology companies on the CSE. This will be an exciting development to see on the CSE, which has been largely dominated by more traditional industries and investors in the past.

With the evolving local start up ecosystem over the last 10 years, many startups have grown into mature companies, and are now ready to expand globally. With countries like India currently in the midst of an IPO boom and with 20 tech startups doing IPO’s in 2021, Sri Lanka’s startup sector will also undoubtedly become a key area of interest for these new investors in the CSE. This will in turn also help local startups accelerate the pace of their innovation and growth in the future, while creating exciting wealth creation opportunities for the next generation of investors and entrepreneurs in Sri Lanka.



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Sri Lanka’s culinary strengths engagingly explored

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Issue no.1 of a ground-breaking journal on Sri Lankan food and culture has just been launched and it’s such an engaging ‘read’ that it just cannot be put down by the reader until s/he reaches the last word in the publication. Titled ‘ROOTED’ it is a publication of Rooted Publications Pvt. Ltd. Colombo (www.rootedsrilanka.com).

This is no run-of-the-mill journal on local ‘culinary delights’. It is a profoundly empathetic, sensitive exploration of the uniqueness of Sri Lankan food and the cultures of the country. In other words, it’s a close, appreciative examination of what makes the native food of Sri Lanka and its cultures special and hard to replicate and replace.

Writers of the arrestingly illustrated articles in ‘ROOTED’ have apparently spared no pains to travel the length and breadth of Sri Lanka to unravel, with mesmeric pleasure, the food and drink offers at the heart of Sri Lankan cuisine. The food connoisseur has all his curiosities satisfied in the journal and cannot prevent his taste buds from being stimulated on reading the contents of the journal.

Regardless of geographical or physical location what Sri Lanka has to offer its own people or the visitor to the country by way of particularly indigenous dishes and meal spreads are made to come alive in these pages. The connoisseurs and food experts are taken on an entrancing journey into homes transformed into family restaurants, aromatic eateries and bustling market places with sizzling catch along the sea coast of the island to its interior in this appetizing survey of Sri Lankan food.

What is distinct in terms of food and drink to the different ethnicities and cultures of the land are rendered in larger-than-life eye-catching portrayals via the pen and the lens. Consequently the journal not only celebrates food but also its distinctive cultural roots and identities. That is, people are serenaded alongside food.

In the process, the ‘ambul thials’, the ‘ala thel and brinjal badums’, the ‘thilapia curries’, the multifarious, ‘mouth-burning sambols’ and heady ‘Arrack shots’ experimentally mixed, to name just a few such offers of food and drink with a uniquely Sri Lankan stamp on them, are made to come alive in ‘ROOTED’.

The magazine has been put together by an editorial team headed by editors Chadini Fernando, Vidya Balachander and they need to be commended on a job well done.

By Lynn Ockersz

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MO Marketplace App: A space for women to sell in Sri Lanka

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The team behind the current success of 14,000 registered users

In Sri Lanka, selling something has always carried an unspoken risk for women. Share your number with a stranger. Arrange a meeting. Handle cash. Hope for the best.

MO Marketplace, live since June 2024, has removed every one of those friction points. Buyers and sellers on the platform never need to exchange personal contact details. Payments are held in escrow until delivery is confirmed. Pickup and drop-off is managed entirely by MO. Two people can complete a transaction from start to finish without ever speaking directly to each other.

For women running home-based businesses or women simply have too many clothes and things, that architecture is not a convenience. It is a fundamental shift in what is possible.

The evidence is in the listings. Clothing, fashion, and home goods dominate the platform, categories overwhelmingly driven by female sellers and buyers. From home-based clothing traders to small lifestyle businesses operating out of living rooms across Colombo, women are using MO to participate in commerce on their own terms, without compromising safety or privacy.

The platform has recorded 45,000 downloads and 14,000 registered users in 18 months, with peak monthly active users of 15,000. Commissions are capped at a flat 10%, significantly below the 15% to 30% charged by dominant platforms, making it accessible for small and micro sellers.

Coming mid-2026, AI tools will automatically generate listing descriptions and enhance product images, removing two of the most common barriers to getting started as a seller. Video selling is also on its way.

Sri Lanka has no shortage of entrepreneurial women. Until now it lacked a platform designed around how they actually need to trade.

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LOLC Finance further strengthens regional presence with Gelioya branch opening and Galenbidunuwewa relocation

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The opening ceremony of the relocated Galenbidunuwewa Branch was graced by . Upul Samarasinghe, Head of Credit of LOLC Finance PLC, and Hasala Thilekaratne, Chief Digital Officer of LOLC Finance PLC.

LOLC Finance PLC continues to strengthen its presence across Sri Lanka, reaffirming its commitment to improving financial accessibility and delivering innovative, customer-centric financial solutions to communities nationwide. Through its expanding branch network, the company remains focused on supporting individuals, entrepreneurs, and businesses while contributing to regional economic development.

Further expanding its islandwide footprint, LOLC Finance PLC inaugurated its new Gelioya Branch on Thursday, 21 May 2026, at No. 67/1, Karamada, Gelioya. Strategically located in an area experiencing growing commercial and community activity, the branch is expected to enhance access to a comprehensive range of financial services for individuals, entrepreneurs, and small and medium-scale enterprises (SMEs).

The ceremonial opening was attended by Nishantha Jayasekara, Head of Gold Loan, and Shiraz Refai, Head of Alternate Financial Services, together with members of the LOLC Finance team, customers, and distinguished invitees from the area.

In a further step towards enhancing customer convenience, LOLC Finance PLC also relocated its Galenbidunuwewa Branch to a new premises on Seeppukulama Road, Galenbidunuwewa, on 22 May 2026. The relocation is aimed at providing improved accessibility while continuing to offer a wide range of financial solutions tailored to the needs of individuals, entrepreneurs, and businesses in the region.

The opening ceremony of the relocated branch was attended by Upul Samarasinghe, Head of Credit, and Hasala Thilekaratne, Chief Digital Officer of LOLC Finance PLC, alongside members of the LOLC Finance team, customers, and well-wishers from the area.

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