Suwanda Industries (Cycle Pure Incense – Sri Lanka) Recertified as ZeroCarbon® Manufacturer for 2025
Suwanda Industries, known globally under the brand name Cycle Pure Incense, is proud to announce its recertification as a ZeroCarbon® Manufacturer for 2025. This marks another significant milestone in the company’s ongoing journey of environmental responsibility and purpose-driven business. As Sri Lanka’s only Carbon Neutral Manufacturer of Incense Sticks, this achievement reaffirms the company’s unwavering […]
Is the New Bank Policy on Pledged Land Choking SMEs?
Small and medium enterprises form the backbone of Sri Lanka’s economy. They account for more than 75% of all businesses and contribute significantly to employment, regional development, and post-crisis recovery. Yet, as the country struggles to regain economic stability, a new challenge is emerging one that is rarely discussed but deeply consequential. Banks have tightened […]
Sri Lanka’s Plastic Bag Levy: A Promising Start to Curbing Single-Use Waste
In a nation long plagued by the scourge of plastic pollution where beaches once pristine are now littered with discarded “sili-sili” bags Sri Lanka has taken a decisive step forward. Effective November 1, 2025, the government has banned the free distribution of plastic shopping bags in retail outlets, introducing a modest levy to discourage their […]
Sri Lanka’s Digital Economy: The Next Frontier of Inclusive Growth
Sri Lanka’s digital transformation is quietly rewriting the rules of its economy. What began as a survival mechanism during the COVID-19 pandemic has now evolved into a structural shift reshaping how citizens consume, work, and interact with markets. According to the Institute of Policy Studies (IPS) State of the Economy 2025 report, the island’s digital […]