Business
LIIN and Good Market launch strategic partnership to strengthen MSMEs through Sri Lanka’s Impact Investment Ecosystem
In a landmark move to accelerate the growth of impact-driven enterprises in Sri Lanka, the Lanka Impact Investing Network (LIIN) and Good Market have entered into a strategic partnership focused on unlocking new pathways for investment and enterprise development. The collaboration was formalized through the signing of a Memorandum of Understanding (MOU) on Saturday, June 14, 2025, at the Saturday Good Market Nuga Tree Car Park, Racecourse, Colombo 07.
At the signing ceremony, two major initiatives were introduced: the Social Enterprise Fund (SEF) and the Investment Readiness Program. Together, these initiatives aim to identify, support, and scale Micro, Small, and Medium Enterprises (MSMEs) that are driven by strong social and environmental impact goals. Through this collaboration, LIIN and Good Market are combining capital access, capacity-building, and ecosystem support to help high-potential enterprises grow sustainably and become investment-ready. The Social Enterprise Fund (SEF) is an initiative of LIIN. It is dedicated to supporting impact enterprises—businesses that address critical social or environmental issues—by providing much-needed growth capital at the acceleration stage of their business lifecycle.

The MOU was signed by Chandula Abeywickrema, Chairman of LIIN, and Ms. Achala Samaradiwakara, Co-Founder and Managing Director of Good Market. The event celebrated a shared commitment to building a more inclusive, resilient economy by fostering enterprises that generate measurable positive impact.
Chandula Abeywickrema, Chairman of LIIN, highlighted the fact that “entrepreneurship needs to be scientifically approached to be impactful. Enterprises must be commercially viable in the short, medium, and long term; scalable in the short, medium, and long term; and sustainable in the short, medium, and long term. To fulfill these milestones in the journey of an enterprise or entrepreneur, need to embark on investing in research and development (R&D) and innovation is essential. However, R&D cannot be supported through bank loans or financing. You need to bring in patient capital with long-term collaboration for impact investing as equity for the enterprises, and this is the purpose of the partnership with Good Market. We aim to identify enterprises capable of achieving these three milestones and facilitate their growth through equity capital as an impact investment. These selected enterprises will be taken on a journey of mindset change and transformation, preparing them to become investment-ready, empowered, and eventually, listed.”

Ms. Achala Samaradiwakara, Co-Founder and Managing Director of Good Market, emphasized the collaborative value of the initiative: “This partnership brings together shared values and complementary strengths. By connecting impact enterprises with the resources and support they need to thrive, we’re helping to grow a movement of businesses that priorities people and the planet alongside profit.”
As part of the program, ten impact entrepreneurs will be introduced as the first cohort of the Investment Readiness. Representing a diverse cross-section of sectors and communities across Sri Lanka, these enterprises will receive tailored support to scale their operations and prepare for potential investment through the SEF.
The event also featured a panel discussion moderated by Dr. Nirmal De Silva, with panellists Ravinath Samaraweera (EcoFeel Foods), Jayantha Balasinghe (Thuru Viyana), and Ms. Priyanka (Priyanka Foods). The entrepreneurs shared personal insights into operating as social enterprises, the challenges of scaling their impact, and the vital role that strategic investment and support—particularly through LIIN and Good Market—have played in their journeys
Business
From Mt. Fuji to Sri Pada: Lessons from a father-son climb
by SK Samaranayake
For Daham Gunasena, reaching the summit of Mt. Fuji with his 12-year-old son was not the end of the journey but the beginning of a different kind of lesson.
Gunasena, Director – Commercial at SPAR Sri Lanka and a senior business leader, academic and Chartered Accountant, spent nearly 12 hours on August 19 climbing Japan’s highest mountain with his son, Methum. After eight hours of climbing, the pair reached the 3,776-metre summit before beginning a demanding four-hour descent to Fujinomiya 5th Station.
“The summit was only halfway,” Gunasena reflected, describing the experience as a lesson in preparation, perseverance and responsibility.
Their journey began two days earlier with a trial excursion to the 6th Station and the volcanic landscape around Mt. Hoei. The experience allowed Gunasena to assess the altitude, terrain, weather and equipment before deciding whether his son was ready for the summit attempt.
The climb itself reinforced the value of taking one step at a time. Rather than focusing on the distant summit, father and son concentrated on the next marker, the next few steps and short periods of rest.
Reaching the summit brought another lesson. After taking photographs and celebrating, they still had four hours of descent ahead of them over loose volcanic terrain.
“Reaching the top was an achievement. Returning safely was success,” Gunasena said.
The experience also prompted him to reflect on how Japan manages Mt. Fuji, including visitor education, digital information, sanitation, transport, safety and environmental protection.
Having climbed Sri Pada 12 times last year and five times so far this year, Gunasena sees opportunities to apply some of these principles in Sri Lanka without compromising the mountain’s unique pilgrimage traditions.
He suggested a comprehensive digital platform for Sri Pada providing information on weather, congestion, transport, sanitation, first aid and emergencies, while educating foreign visitors about its religious significance.
For Gunasena, however, the most enduring lesson was personal: a mountain can teach what lectures cannot—through preparation, perseverance, respect for nature and the shared experience of taking each step together.
Business
FLIR, Marlbo promote smarter industrial maintenance
Sri Lankan industries are being encouraged to adopt advanced condition monitoring technologies to detect equipment problems before they develop into costly failures, as global technology company FLIR and its local partner Marlbo Trading Company strengthen their collaboration.
The companies brought together industry professionals at a technical seminar held on August 20 at Taj Samudra, Colombo, focusing on the use of thermography and acoustic imaging to reduce unplanned downtime, improve energy efficiency and lower maintenance costs.
Organised by Marlbo under the theme “Condition Monitoring Using Thermography and Acoustic Imaging for Measurable ROI,” the seminar highlighted the growing importance of proactive and predictive maintenance in improving equipment reliability and operational efficiency.
FLIR Sales Director – Instrumentation, India, Bhaskar Lala, and APAC Condition Monitoring Specialist David Gambarte shared their expertise on the latest diagnostic technologies and their practical industrial applications.
Thermal imaging can identify abnormal heat patterns linked to electrical and mechanical faults, while acoustic imaging can detect problems that may go unnoticed during routine inspections.
The technology is particularly useful in identifying compressed-air leaks, which can cause significant energy losses and increase operating costs.
Shevon Liyanage, Engineer – Measuring Instruments at Marlbo, also shared insights into applying condition monitoring technologies in the Sri Lankan industrial environment.
Business
Lumbini Tea Valley wins intl award for Singharaja Wirytips
Lumbini Tea Valley Ceylon won an award for its Singharaja Wirytips at The Leafies: International Tea Awards held in London in 2024, marking another international recognition for the Sri Lankan tea producer.
The award comes as the company marks two decades of direct exports, with its premium and organic Ceylon teas now reaching 35 countries across six continents.
Established in 1984, Lumbini Tea Valley began its direct export drive after Chaminda Jayawardana joined the family business in 2000 alongside his father, Dayapala Jayawardana. The initiative materialised in 2006 with the company’s first direct shipment—a 15-kilogram consignment of Flowery Broken Orange Pekoe (FBOP) tea to the United States.
Since then, the company has expanded its direct-export operations, which now account for around 20% of its total manufacturing output. Following its transition to organic production, approximately half of its organic tea output is exported directly by the company.
Its key export markets include Japan, the United States, France, the Netherlands, Switzerland and Australia, with direct shipments now reaching 35 countries.
The company said its direct-export model would continue to expand amid growing international demand for traceable, single-origin Ceylon tea, with premium and organic grades at the centre of its export strategy.
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